JAKARTA (Reuters) -TikTok has been fined 15 billion rupiah ($900,000) for the late reporting of its acquisition of e-commerce platform Tokopedia, Indonesia’s anti-monopoly agency said on Monday.
TikTok, which is owned by China’s ByteDance, completed a deal in January 2024 to buy 75.01% of Tokopedia for $840 million from PT GoTo Gojek Tokopedia.
($1 = 16,665 rupiah)
(Reporting by Dewi Kurniawati; Writing by Fransiska Nangoy; Editing by John Mair)
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