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Under the deal, tiktok, which is owned by china's bytedance, will buy 75.01% of tokopedia and inject tiktok shop's indonesia business into the enlarged tokopedia entity. Tiktok is pushing shopping features into nearly every part of its app shopping features, including live stream shop buttons, a dedicated shop tab and more, are currently live for some users in the. First, tokopedia will actually acquire tiktok shop’s indonesia business for $340 million in the fourth quarter of this year, according to goto’s investor note.

Although tiktok now holds a large portion of tokopedia's shares, 25% of tokopedia's shares are still held by goto, the corporate group that previously encompassed tokopedia. Additionally, more than 100,000 creators have signed up for the affiliate program. Officially launched in september 2023, [1] the feature enables users interested in starting a business and generating income to upload their curated products on tiktok for others to discover and purchase

Tiktok told techcrunch that the company has already signed up more than 200,000 sellers on the shop product

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