Indonesia Restricts TikTok Payments, Citing Protection of Local Businesses

TikTok faces restrictions in Indonesia, its biggest e-commerce market, prohibiting social media companies from facilitating direct payments.
Indonesia aims to protect local micro, small, and medium businesses that make up 61% of GDP.
TikTok argues the policy stifles innovation and hurts the livelihoods of millions of Indonesian merchants and users.
Traditional online retailers like Sea's Shopee and GoTo's Tokopedia stand to benefit from curbs on TikTok Shop.
Navigating Indonesia's policy will be pivotal as governments globally assess curbing TikTok's e-commerce presence.

time.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.

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.

9/12/2023

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.

9/21/2023

TikTok Tests Showing Google and Wikipedia Results In-App to Keep Users from Leaving as Gen Z Shifts Search Behavior

TikTok is testing a new feature that integrates Google Search into its in-app search results, aiming to become a one-stop shop for users' online activities.

10/2/2023

TikTok Testing $4.99 Monthly Subscription for Ad-Free Experience

TikTok is testing an ad-free monthly subscription plan for $4.99 per month in the US, indicating a shift in its revenue model.

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.

10/8/2023

Viral Moments Lead to Booming Business for Restaurants Featured on Social Media

Small businesses that go viral on platforms like TikTok can experience overwhelming demand and need to adapt quickly to meet the surge, but those who can successfully adjust can turn newfound fame into long-lasting success.

Topics

Posted 9/26/2023, 4:00:00 AM