Indonesia to ban purchases on social media like TikTok, says it will further regulate e-commerce
Publishing timestamp: 2023-09-27 03:48:34
Summary
Indonesia's Ministry of Trade is working to regulate e-commerce and has announced that transactions on social media platforms are not allowed. This move is seen as positive for traditional e-commerce players like Sea Ltd. and Shopee. The government aims to separate social media and e-commerce to prevent misuse of personal data. The regulations will also control the sale of overseas goods in Indonesia. TikTok's e-commerce ambitions in the country are expected to be devastated by these regulations.
Sentiment: MIXED
Keywords: breaking news: technology, asia economy, business news, sea ltd, technology, meta platforms inc, social media, internet,