Chinese-owned video platform TikTok says it will halt its online retail operation in Indonesia to comply with the country’s decision to ban e-commerce transactions on social media platforms.
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The Chinese-owned video sharing app said in a statement it will stop facilitating e-commerce sales in TikTok Shop Indonesia by 5 p.m. Wednesday.
He said TikTok was involved in predatory pricing that caused damages to local small- and medium-sized businesses, and that the new regulation “will justly regulate fair trade online and offline.”the government’s decision — particularly the impact it would have on the millions of sellers who use TikTok Shop. But the company said it will respect the regulations and “will take a constructive path forward.
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