Chinese-owned app TikTok says it regrets the Indonesian government’s decision to ban e-commerce transactions on social media platforms and particularly the impact it would have on the millions of sellers who use TikTok Shop.
A trader conducts live sales via streaming at a store in the Tanah Abang textile market in Jakarta, Indonesia Thursday, Sept. 28, 2023. Chinese-owned app TikTok on Thursday said it regretted the Indonesian government's decision to ban e-commerce transactions on social media platforms, particularly the impact it would have on the millions of sellers who use TikTok Shop.
Indonesia banned goods transactions on social media platforms such as TikTok in a bid to protect small businesses from e-commerce competition, accusing them of predatory pricing. During an inspection to Southeast Asia’s largest wholesale market Tanah Abang in Jakarta on Wednesday, Minister of Cooperatives and Small and Medium Enterprises Teten Masduki said he found that sellers were experiencing a more than 50% loss of profits because they could not compete with imported products sold online at much lower prices.
The plan comes as TikTok, owned by China’s ByteDance, faces scrutiny from some governments and regulators because of concerns that Beijing could use the app to harvest user data or advance its interests., Britain and New Zealand have banned the app on government phones, despite TikTok repeatedly denying that it has ever shared data with the Chinese government and would not do so if asked.
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