TikTok to invest $1.5 billion in Indonesia's GoTo
Tokopedia will purchase TikTok Shop assets worth $340 million, while TikTok will buy a 75.01 per cent stake in GoTo's PT Tokopedia via a new share issuance worth $840 million, according to a stock exchange filing by GoTo.
A partnership that will see the short video app invest $1.5 billion over the long term, the two companies said on Monday. (Image credit: Reuters)