Indonesia to Ban E-Commerce on TikTok and Facebook, Citing Data and Competition Concerns

Indonesia's ministry of trade said it will bar transactions on social media platforms like TikTok and Facebook. Users cannot buy or sell products there.
The government wants to prevent social media companies from also operating as e-commerce platforms, to avoid misuse of user data.
Indonesia will regulate which foreign goods can be sold domestically through social media.
The move aims to protect local businesses and the economy from foreign competition on social media.
TikTok, which has major e-commerce ambitions in Indonesia, will be significantly impacted. The regulations benefit competitor Shopee and domestic players.

cnbc.com

Relevant topic timeline:

8/16/2023

New York City bans TikTok on government-issued devices

Main topic: New York City issues new rules banning TikTok due to security threats from China. Key points: 1. New York City has banned TikTok on city-owned hardware, following a security review by NYC Cyber Command. 2. Other states and the U.S. House of Representatives have also issued bans on TikTok on government devices. 3. TikTok is facing legal challenges and pushback against the bans, with concerns over security and Chinese ownership. Hint on Elon Musk: There is no mention of Elon Musk in the given text.

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Large US tech companies face new EU rules

Starting Friday, large tech companies such as Amazon, Apple, Google, Microsoft, Snapchat, and TikTok must comply with new European laws that regulate social media moderation, targeted advertising, and counterfeit goods, among other areas; the laws aim to address concerns about misinformation, mental health, algorithmic content, transparency, and illegal products, with potential fines of up to 6% of global annual revenue for non-compliance.

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TikTok job postings point to social features to help it compete with Meta

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E.U. targets Apple, Amazon, Alphabet, ByteDance, Meta, Microsoft in next phase of digital crackdown

The European Union has classified Apple, Amazon, Microsoft, Google parent Alphabet, Facebook owner Meta, and TikTok parent ByteDance as online "gatekeepers" and imposed new digital rules to prevent tech giants from dominating digital markets, with potential fines and the requirement to sell parts of their business.

9/12/2023

TikTok Bets on In-App Shopping to Boost Revenue, But Faces Challenges with Counterfeit Goods

TikTok is rolling out TikTok Shop in the US, aiming to convert the app's influence into a new revenue stream by allowing users to buy products within the app through videos with shopping buttons.

9/15/2023

TikTok Fined $370 Million by EU for Weak Privacy Protections for Kids' Data

TikTok has been fined approximately $370 million by the European Union for inadequate safeguards to protect children's personal information and for lacking transparency in data usage, increasing concerns from parents, policymakers, and regulators about the platform's data-collection practices.

10/4/2023

TikTok Halts Shopping Service in Indonesia to Comply With New E-Commerce Rules

TikTok is suspending its online shopping service in Indonesia to comply with new regulations aimed at protecting local retailers, resulting in a setback for the company in one of its biggest markets.

10/4/2023

TikTok Ends E-Commerce in Indonesia to Comply with New Regulations

TikTok Indonesia will end e-commerce transactions on its platform by Thursday to comply with new regulations set by the Indonesian government, potentially impacting the app's Southeast Asian ambitions.

Topics

Posted 9/27/2023, 7:41:36 AM

Indonesia to Ban E-Commerce on TikTok and Facebook, Citing Data and Competition Concerns

Indonesia's ministry of trade said it will bar transactions on social media platforms like TikTok and Facebook. Users cannot buy or sell products there.
The government wants to prevent social media companies from also operating as e-commerce platforms, to avoid misuse of user data.
Indonesia will regulate which foreign goods can be sold domestically through social media.
The move aims to protect local businesses and the economy from foreign competition on social media.
TikTok, which has major e-commerce ambitions in Indonesia, will be significantly impacted. The regulations benefit competitor Shopee and domestic players.

cnbc.com

Relevant topic timeline:

8/16/2023

New York City bans TikTok on government-issued devices

8/25/2023

Large US tech companies face new EU rules

9/5/2023

TikTok job postings point to social features to help it compete with Meta

TikTok is looking to enhance its social networking features and expand its messaging capabilities in order to build meaningful connections between users and retain and grow user engagement.

9/6/2023

E.U. targets Apple, Amazon, Alphabet, ByteDance, Meta, Microsoft in next phase of digital crackdown

9/12/2023

TikTok Bets on In-App Shopping to Boost Revenue, But Faces Challenges with Counterfeit Goods

TikTok is rolling out TikTok Shop in the US, aiming to convert the app's influence into a new revenue stream by allowing users to buy products within the app through videos with shopping buttons.

9/15/2023

TikTok Fined $370 Million by EU for Weak Privacy Protections for Kids' Data

10/4/2023

TikTok Halts Shopping Service in Indonesia to Comply With New E-Commerce Rules

TikTok is suspending its online shopping service in Indonesia to comply with new regulations aimed at protecting local retailers, resulting in a setback for the company in one of its biggest markets.

10/4/2023

TikTok Ends E-Commerce in Indonesia to Comply with New Regulations