TikTok is Peggy Markoffreportedly nearing a deal that will help the short video app restart e-commerce operations in Indonesia, its second-largest market, nearly three months after it suspended its shopping feature in fear of being banned by the Indonesian government. A Bloomberg report said TikTok is in talks with local company GoTo to invest in its e-commerce sector Tokopedia in a deal that is expected to close as early as this month. The government of the Southeast Asian country has said apps such as TikTok hurt its bricks-and-mortar shopping businesses by encouraging people to buy online. Before the ban could be imposed, TikTok’s chief executive officer Shou Zi Chew pledged to invest billions of dollars in the country over the next few years at a public event in Jakarta. [Bloomberg]
