GoTo, TikTok compliance with Indonesia's trade regulation nears 100%: GoTo CEO

TikTok has reopened its e-commerce services, which are now facilitated by Tokopedia. - Reuters

JAKARTA: Indonesian tech firm GoTo and Chinese-owned partner TikTok will be wholly compliant in a month and a half with the South-East Asian nation's regulation that bans in-app transactions on social media, GoTo's CEO said on Wednesday (Feb 28).

Short video app TikTok acquired in December majority shares in GoTo's e-commerce unit Tokopedia after the Indonesian trade ministry banned transactions on its TikTok Shop e-commerce unit.