Pacific Money | Economy | Southeast Asia The move came after the Indonesian government announced an immediate ban on commerce transactions on social media platforms. Advertisement TikTok has halted its online retail operation in Indonesia in order to comply with the country’s recent decision to ban e-commerce transactions on social media platforms. In a statement yesterday, the Chinese-owned video-sharing … Read more
Advertisement On Wednesday, Indonesia’s Trade Minister Zulkifli Hasan announced that the country was banning e-commerce transactions on social media networks, dealing a major blow to the regional plans of the Chinese firm TikTok. According to a Reuters report, Zulkifli told a news conference that the regulation is intended to protect offline merchants and marketplaces. He … Read more
Advertisement Chinese-owned app TikTok on Thursday said it regretted the Indonesian government’s decision to ban e-commerce transactions on social media platforms and particularly the impact it would have on the millions of sellers who use TikTok Shop. But TikTok Indonesia said in a statement it will respect the regulations and laws that apply in Indonesia … Read more