JAKARTA (Reuters) -Indonesia’s antitrust agency said on Wednesday that last year’s takeover of the country’s biggest e-commerce platform Tokopedia by TikTok carried a risk of monopoly.
TikTok, owned by China’s ByteDance, in January 2024 completed a deal that was agreed a month earlier to buy 75.01% of Tokopedia for $840 million from GoTo.
(Reporting by Dewi Kurniawati; Editing by Martin Petty)
