TikTok halts e-commerce service in Indonesia following ban
Publishing timestamp: 2023-10-04 00:28:06
Summary
TikTok Indonesia will stop facilitating e-commerce purchases in order to comply with new local regulations. The Indonesian government has imposed a one-week deadline for TikTok to become a standalone app without any e-commerce features or risk being shut down. This move comes after President Joko Widodo called for social media regulations and banned e-commerce transactions on platforms like TikTok and Facebook. The new regulation could have a major impact on TikTok's Southeast Asian ambitions.
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Keywords: asia economy, business news, breaking news: technology, apparel retail, social media, technology, meta platforms inc,
Source: https://www.cnbc.com/2023/10/04/tiktok-halts-e-commerce-service-in-indonesia-following-ban.html