TikTok opposes mooted Indonesia social media transaction ban

Indonesia is TikTok's second-largest market, with 125 million users, according to company figures. It is owned by Chinese technology giant ByteDance. — Photo by Solen Feyissa on Unsplash

JAKARTA: TikTok on Wednesday criticised calls by Indonesia to ban social media transactions, as Jakarta rails against what it says are monopolistic practices by major companies with e-commerce platforms such as the Chinese-owned firm.

Indonesia users spent more money on TikTok than anywhere else in Southeast Asia over the past year, as the app's ecommerce arm rapidly grew to gain a substantial regional market share and millions of sellers since its 2021 launch.