JAKARTA – TikTok has been holding talks with Indonesian e-commerce corporations about doable partnerships, an Indonesian minister mentioned on Monday, a month after Southeast Asia’s largest financial system banned on-line purchasing on social media platforms.
TikTok has spoken with 5 corporations together with GoTo’s e-commerce unit Tokopedia, Bukalapak.com and Blibli, in accordance with Teten Masduki, minister for small-medium enterprises (SMEs).
“Some e-commerce corporations in Indonesia have talked to TikTok,” he mentioned in an interview, citing what the businesses’ executives informed him.
Indonesia’s commerce ministry carried out the ban final month, aiming to guard smaller brick-and-mortar retailers and make sure the safety of customers’ information.
It was a selected blow to TikTok, which was pressured to shut its e-commerce service TikTok Store. TikTok has 125 million customers in Indonesia.
A TikTok Indonesia spokesperson was not accessible to remark.
Tokopedia declined to remark. A consultant for Bukalapak mentioned the corporate was unaware of such talks. Blibli didn’t instantly reply to a request for remark.
TikTok and YouTube are contemplating becoming a member of Meta in making use of for e-commerce licenses in Indonesia after Southeast Asia’s largest financial system banned on-line purchasing on social media platforms, folks aware of the discussions have mentioned.
The app, owned by Chinese language know-how big Bytedance, was additionally pursuing talks with native e-commerce gamers, they added.
Teten, one of many staunchest critics of TikTok Store previous to the ban, mentioned he has been tasked by President Joko Widodo to formulate guidelines on e-commerce.
He plans to satisfy TikTok Chief Govt Shou Zi Chew later this month.
“I would like them to decide to have a sustainable enterprise that doesn’t hurt home SME merchandise,” he mentioned.
Teten additionally mentioned he has proposed additional rules for the movement of imported items into the nation however didn’t present particulars.
Till it stopped operations, TikTok Store was delivering about 3 million parcels a day in Indonesia, sources have mentioned.
Indonesia’s e-commerce market is predicted to develop to round $160 billion by 2030 from $62 billion this 12 months, in accordance with a report on Southeast Asia’s web financial system by Google, Singapore state investor Temasek Holdings and consultancy Bain & Co.
Different main e-commerce gamers in Indonesia embody SEA’s Shopee and Alibaba’s Lazada.
TikTok has spoken with 5 corporations together with GoTo’s e-commerce unit Tokopedia, Bukalapak.com and Blibli, in accordance with Teten Masduki, minister for small-medium enterprises (SMEs).
“Some e-commerce corporations in Indonesia have talked to TikTok,” he mentioned in an interview, citing what the businesses’ executives informed him.
Indonesia’s commerce ministry carried out the ban final month, aiming to guard smaller brick-and-mortar retailers and make sure the safety of customers’ information.
It was a selected blow to TikTok, which was pressured to shut its e-commerce service TikTok Store. TikTok has 125 million customers in Indonesia.
A TikTok Indonesia spokesperson was not accessible to remark.
Tokopedia declined to remark. A consultant for Bukalapak mentioned the corporate was unaware of such talks. Blibli didn’t instantly reply to a request for remark.
TikTok and YouTube are contemplating becoming a member of Meta in making use of for e-commerce licenses in Indonesia after Southeast Asia’s largest financial system banned on-line purchasing on social media platforms, folks aware of the discussions have mentioned.
The app, owned by Chinese language know-how big Bytedance, was additionally pursuing talks with native e-commerce gamers, they added.
Teten, one of many staunchest critics of TikTok Store previous to the ban, mentioned he has been tasked by President Joko Widodo to formulate guidelines on e-commerce.
He plans to satisfy TikTok Chief Govt Shou Zi Chew later this month.
“I would like them to decide to have a sustainable enterprise that doesn’t hurt home SME merchandise,” he mentioned.
Teten additionally mentioned he has proposed additional rules for the movement of imported items into the nation however didn’t present particulars.
Till it stopped operations, TikTok Store was delivering about 3 million parcels a day in Indonesia, sources have mentioned.
Indonesia’s e-commerce market is predicted to develop to round $160 billion by 2030 from $62 billion this 12 months, in accordance with a report on Southeast Asia’s web financial system by Google, Singapore state investor Temasek Holdings and consultancy Bain & Co.
Different main e-commerce gamers in Indonesia embody SEA’s Shopee and Alibaba’s Lazada.
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