Tag: Alibaba Group Holding Ltd
TikTok and GoTo team up in Indonesia, threatening Southeast Asia’s e-commerce giant
[ad_1] BRAZIL – 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shopee, the e-commerce arm of Southeast Asian tech giant Sea Limited, may face “greater pressure” from the combined forces of GoTo’s Tokopedia and TikTok in Indonesia, analysts said. On Monday, GoTo and TikTok announced a “mutually beneficial strategic partnership” in Indonesia to serve micro-, small- and medium-sized companies, which make up more than 90% of business merchants in the country. GoTo is a merger ... Read more