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TikTok Looks to GoTo to Boost Indonesian eCommerce Business – PYMNTS.com

TikTok is reportedly turning to GoTo to revive its crucial Indonesian eCommerce business.The two firms are working on a plan — which could be finalized in the next few weeks — that would see TikTok invest in Indonesia-based GoTo’s online shopping arm Tokopedia, Bloomberg News reported Wednesday (Nov. 22), citing sources familiar with the matter.Rather than a direct investment, the two companies could form a joint venture, building a new eCommerce platform that would allow TikTok to revitalize its online shopping business in what is the largest market in Southeast Asia.PYMNTS has contacted both companies for comment but has not yet gotten a reply.The move follows… 

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