• About
  • Advertise
  • Contact
Wednesday, October 15, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Technology

Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal

by Sarkiya Ranen
in Technology
Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


[JAKARTA] TikTok has been fined 15 billion rupiah (S$1.15 million) for the late reporting of its acquisition of e-commerce platform Tokopedia, Indonesia’s anti-monopoly agency said on Monday (Sep 29).

TikTok, which is owned by China’s ByteDance, completed a deal in Jan 2024 to buy 75.01 per cent of Tokopedia for US$840 million from PT GoTo Gojek Tokopedia.

A TikTok spokeperson said they respect and appreciate KPPU’s decision and remain committed to upholding the principles of fair business competition.

The antitrust agency has the power to investigate and determine violations of competition law and impose fines or issue administrative sanctions, based on their findings. REUTERS



Source link

Tags: AgencyantimonopolyDealFinesIndonesianLateReportingTikTokTokopedia
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Henry de Bromhead hails new equine centre as ‘wonderful legacy’ to late son

Henry de Bromhead hails new equine centre as ‘wonderful legacy' to late son

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

As Planet Gets Warmer, Ski Gondola Maker Goes Urban

As Planet Gets Warmer, Ski Gondola Maker Goes Urban

2 years ago
Pregnant Hailey Bieber Confirms Husband Justin Bieber Gifted Her Stunning New Ring – E! Online

Pregnant Hailey Bieber Confirms Husband Justin Bieber Gifted Her Stunning New Ring – E! Online

1 year ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In