TikTok, YouTube, Meta mulling Indonesia ecommerce licences
ecommerce licences in Indonesia after Southeast Asia's largest economy banned online shopping on social media platforms, people familiar with the discussions said.
Indonesia's trade ministry banned ecommerce transactions on social media a month ago, saying it sought to protect small and midsize offline merchants and marketplaces, and to ensure users' data was protected.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisit With a population of more than 270 million, Indonesia generated nearly $52 billion in ecommerce transactions last year, according to data from consultancy Momentum Works.
The law was a particular blow to TikTok, which had pledged in June to invest billions of dollars in Southeast Asia, mainly in Indonesia where it has a base of 125 million users, in a major push to build its ecommerce service TikTok Shop.
The app, owned by Chinese technology giant Bytedance, plans to apply for an ecommerce licence and is exploring the best path to do so, three people familiar with the matter told Reuters.
TikTok is holding talks for potential partnerships with local ecommerce players, including GoTo's Tokopedia, while building a standalone TikTok Shop app for Indonesia, the people said.
Until TikTok Shop stopped operations in Indonesia this month, it was delivering about 3 million parcels a day in Indonesia, two sources said.
TikTok said it could neither confirm nor deny it was considering seeking a licence. Tokopedia did not immediately respond to requests for
