Page 5 - Patrick Walujo News Today

JAKARTA: China's TikTok has agreed to spend US$840 million to buy most of Indonesian tech conglomerate GoTo's e-commerce unit - a move that appears to allow it to restart its online shopping business in Southeast Asia's largest economy. It also said it will invest further in the business, Tokopedia, which

TikTok has entered a strategic partnership with Indonesian ecommerce firm GoTo that gives TikTok a controlling stake in Tokopedia.

TikTok is coming to Indonesia -- but don't panic just yet.

ByteDance Ltd. s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia s GoTo Group that it will control, part of a pact that lets th...

TikTok is coming to Indonesia -- but don't panic just yet.

A tieup with a savvy local operator could provide a model for TikTok as it pursues expansion in other markets.

ByteDance Ltd.’s TikTok is in talks to invest into a unit of Indonesia’s GoTo Group, one of several options the Chinese company is weighing to try and restart its online shop in its biggest e-commerce market. The companies are working on a potential investment into GoTo’s online-retail unit Tokopedia, which…

Our news roundup gives you a comprehensive view of the most significant developments in the private markets in Asia in the week that went by.

GoTo CEO Patrick Walujo is facing the test of managing heated competition from rivals, on one hand, and investor expectations on the other.

Indonesia's biggest tech firm PT GoTo Gojek Tokopedia will "prudently" make investment to maintain its market share.