The ban was yet another setback for TikTok, which has faced intense scrutiny in the United States and different nations in latest months over users’ information safety and the company’s alleged ties to the Chinese authorities. “TikTok has committed to invest over $1.5 billion within the enlarged entity over time, to provide future funding required by the enterprise, without additional dilution to GoTo,” the assertion added. “As part of the settlement, Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the present PT Tokopedia entity,” the firms stated in an announcement.
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