JAKARTA – TikTok has been holding talks with Indonesian e-commerce firms about potential partnerships, an Indonesian minister mentioned on Monday, a month after Southeast Asia’s largest economic system banned on-line purchasing on social media platforms.
TikTok has spoken with 5 firms together with GoTo’s e-commerce unit Tokopedia, Bukalapak.com and Blibli, based on Teten Masduki, minister for small-medium enterprises (SMEs).
“Some e-commerce companies in Indonesia have talked to TikTok,” he mentioned in an interview, citing what the businesses’ executives advised 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 specific blow to TikTok, which was compelled to shut its e-commerce service TikTok Shop. 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 economic system banned on-line purchasing on social media platforms, individuals acquainted with the discussions have mentioned.
The app, owned by Chinese expertise big Bytedance, was additionally pursuing talks with native e-commerce gamers, they added.
Teten, one of many staunchest critics of TikTok Shop previous to the ban, mentioned he has been tasked by President Joko Widodo to formulate guidelines on e-commerce.
He plans to fulfill TikTok Chief Executive Shou Zi Chew later this month.
“I want them to commit to have a sustainable business that does not harm domestic SME products,” he mentioned.
Teten additionally mentioned he has proposed additional rules for the circulate of imported items into the nation however didn’t present particulars.
Until it stopped operations, TikTok Shop 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, based on a report on Southeast Asia’s web economic system by Google, Singapore state investor Temasek Holdings and consultancy Bain & Co.
Other main e-commerce gamers in Indonesia embrace SEA’s Shopee and Alibaba’s Lazada.
TikTok has spoken with 5 firms together with GoTo’s e-commerce unit Tokopedia, Bukalapak.com and Blibli, based on Teten Masduki, minister for small-medium enterprises (SMEs).
“Some e-commerce companies in Indonesia have talked to TikTok,” he mentioned in an interview, citing what the businesses’ executives advised 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 specific blow to TikTok, which was compelled to shut its e-commerce service TikTok Shop. 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 economic system banned on-line purchasing on social media platforms, individuals acquainted with the discussions have mentioned.
The app, owned by Chinese expertise big Bytedance, was additionally pursuing talks with native e-commerce gamers, they added.
Teten, one of many staunchest critics of TikTok Shop previous to the ban, mentioned he has been tasked by President Joko Widodo to formulate guidelines on e-commerce.
He plans to fulfill TikTok Chief Executive Shou Zi Chew later this month.
“I want them to commit to have a sustainable business that does not harm domestic SME products,” he mentioned.
Teten additionally mentioned he has proposed additional rules for the circulate of imported items into the nation however didn’t present particulars.
Until it stopped operations, TikTok Shop 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, based on a report on Southeast Asia’s web economic system by Google, Singapore state investor Temasek Holdings and consultancy Bain & Co.
Other main e-commerce gamers in Indonesia embrace SEA’s Shopee and Alibaba’s Lazada.
