Page 3 - Patrick Walujo News Today

PT GoTo Gojek Tokopedia (IDX: GOTO) announced the new CEO of Tokopedia following the completed transaction of TikToks investment in the company.

TikTok has completed its deal to take control of Indonesia's biggest e-commerce platform, which has allowed the Chinese social media giant to restart for its online shopping business in the country. Indonesian tech conglomerate GoTo said on Wednesday that TikTok, owned by China's ByteDance, had completed a deal agreed in December to buy 75.01% of Tokopedia for $840 million from the conglomerate. TikTok had been forced to close its relatively new e-commerce service, TikTok Shop, in Indo...

This is done along with GoTo's profitability direction and cash flow improvement.

GoTo Group CEO Patrick Walujo also hinted at a share buyback.

JAKARTA: TikTok has completed its deal to take control of Indonesia’s biggest e-commerce platform, which has allowed...

JAKARTA: GoTo chief executive Patrick Walujo has dismissed allegations that the government’s recent curbing of TikTok’s operations in Indonesia was a collusive act intended to compel the Chinese short-video platform to strike a deal with the Indonesian tech giant’s eCommerce arm, Tokopedia.

This edition features the first set of stories to emerge from the Indonesia PE-VC Summit and other key private market developments in Asia.

GoTo's chief Patrick Walujo opens up about the rationale behind the TikTok-Tokopedia deal.

The editorial-led summit will gather over 35 of the region’s most influential deal-makers, entrepreneurs and policy-makers.

Lightspeed has appointed Gojek co-founder and former CEO Kevin Aluwi and veteran C-suite executive Vivek Gambhir as venture partners.