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

The logo of GoTo Meeting is seen at the company's booth, at the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier/file photo

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

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.