TikTok, the popular app where people do funny dances, is making a big comeback in Indonesia! 🇮🇩 They got in trouble before because the government said they couldn’t sell stuff on their app. But now they’re doing a huge deal with Tokopedia, a big online shopping place in Indonesia.
So, TikTok’s parent company, ByteDance, is going to buy a lot of Tokopedia—like 75% of it! That’s a big chunk! They’re also promising to give Tokopedia a ton of money, like $1.5 billion. That’s a lot of zeros! 😲
Do you know why TikTok wants to do this? Indonesia is the biggest online shopping place in Southeast Asia. It’s worth more than $50 billion! TikTok wants to be part of that and make lots of money.
But wait, there’s more! Another company called GoTo will still own a little piece of Tokopedia—about 25%. They’re teaming up with TikTok to make Tokopedia super cool and powerful. They even say it’s going to be an “Indonesian e-commerce champion.” 🏆
TikTok had some problems in Indonesia before, but now they’re saying they will follow the rules. They’ll work with the government to make sure everything is okay. By the beginning of 2024, the deal ought to be complete.
In my opinion, this is a smart move for TikTok. They got into a bit of trouble, but now they are teaming up with a big player in Indonesia. It’s like when you have a buddy to help you in a game—it makes things easier! 🤝 Indonesia is a huge market, so TikTok can make a big comeback and be super popular again.
Let’s see what cool things TikTok and Tokopedia will do together in Indonesia! 🎉
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