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TikTok says it regrets Indonesia's decision to ban e-commerce sales on social media platforms

  • TikTok Indonesia expresses regret over the Indonesian government's decision to ban e-commerce transactions on social media platforms, citing concerns for millions of sellers who rely on TikTok Shop.
  • The Indonesian government implemented the ban to protect small businesses from competition in the e-commerce space, accusing social media platforms like TikTok of predatory pricing. TikTok Indonesia assures compliance with the regulations.
  • TikTok CEO pledged to invest billions of dollars in Indonesia and Southeast Asia, focusing on training, advertising, and supporting small vendors on TikTok Shop. However, no detailed breakdown of the investment plan was provided.
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CNN broke the news in Atlanta, United States on Thursday, September 28, 2023.
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