The ban was one more setback for TikTok, which has confronted intense scrutiny in the United States and other nations in latest months over customers’ information safety and the corporate’s alleged ties to the Chinese government. “TikTok has committed to take a position 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 a part of the agreement, Tokopedia and TikTok Shop Indonesia’s companies shall be mixed underneath the present PT Tokopedia entity,” the firms mentioned in a statement.

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