Jakarta, Sept 29, 2025 (AFP) - Indonesia fines TikTok over late Tokopedia acquisition notice

NAMPA / AFP

2025-09-29

Indonesia's antitrust agency has fined TikTok 15 billion rupiah ($900,000) for failing to notify regulators in time about its acquisition of e-commerce platform Tokopedia, an official said on Monday. TikTok, owned by China's ByteDance, completed an $840 million deal in January 2024 to acquire 75.01 percent of Tokopedia from PT GoTo Gojek Tokopedia, which retained the remaining stake. The acquisition allowed TikTok to relaunch its online shopping......

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