ByteDance’s TikTok will take a 75.01% controlling stake in a joint venture entity formed in partnership with GoTo’s e-commerce unit Tokopedia, the two tech firms announced on Monday. TikTok will invest $1.5 billion in the combined entity over time “to provide future funding required by the business, without any additional dilution to GoTo’s 24.99% stake,” […]
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https://techcrunch.com/2023/12/11/tiktok-to-invest-1-5b-in-gotos-indonesia-e-commerce-business/