Indonesia Bans TikTok E-Commerce, Dealing Major Blow to Platform's Expansion Plans
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Indonesia bans all e-commerce transactions on social media platforms like TikTok, effective immediately.
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The government says the ban aims to protect offline merchants and marketplaces from predatory pricing.
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The ban deals a major blow to TikTok's expansion into e-commerce in Indonesia, where it has 125 million monthly active users.
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TikTok had invested heavily in Indonesia and launched TikTok Shop there just 3 months ago.
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The trade minister gave TikTok 1 week to comply or face potential closure in Indonesia.