Indonesia in September banned sales on social media to protect small businesses that have been losing out to e-commerce giants, forcing TikTok to shut its online buying enterprise in October. China’s TikTok agreed on Monday to revive its e-commerce arm, TikTok Shop, by investing $840 million to buy most of Indonesia’s tech conglomerate GoTo’s e-commerce unit, Tokopedia. The buy appears to permit TikTok to restart its online shopping enterprise in Southeast Asia’s largest economic system. When it comes to the busyness of the vacation season, many shoppers opt to purchase their items online.
The federal authorities’s instant financial package deal …