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Acko's $250 million IPO; Infosys' market cap plungeNew-age insurer Acko will soon confidentially file draft papers for its stock market debut. This and more in today's ETtech Top 5.- How TikTok saved its ecommerce business in IndonesiaIndonesia was a critical market and the first place where TikTok rolled out this feature. The app, owned by the Chinese tech giant ByteDanc...
- Indonesia asks Apple, Google to block China's Temu to protect small merchantsThe move was intended to pre-emptively protect the country's small and medium-sized businesses against cheap products being offered by PDD ...
- A report shows, India's non-cash payments on ecommerce platforms surge to 58.1% from 20.4% six years agoIndia has seen the fastest jump in alternative payment share for ecommerce payments in the Asia Pacific region from 20.4% in 2018 to 58.1% ...
- TikTok violates Indonesian in-app transactions ban, says ministerFollowing the implementation of Indonesian regulations in October 2023 aimed at safeguarding local businesses and user data, TikTok was com...
- TikTok to invest $1.5 billion in GoTo's Indonesia ecommerce businessChinese short-video making platform TikTok on Monday committed to invest $1.5 billion in Indonesian firm GoTo's e-commerce unit Tokopedia t...
- TikTok to invest $1.5 billion in GoTo's Indonesia ecommerce businessThe deal comes after Indonesia in October banned online shopping on social media platforms to protect smaller merchants and users' data, fo...
- TikTok to obtain Indonesia ecommerce permit after ban: state mediaIn September, Indonesia banned ecommerce transactions on social media, a major blow for TikTok, which had pledged to invest billions of dol...
- TikTok, YouTube, Meta mulling Indonesia ecommerce licencesIndonesia's trade ministry banned ecommerce transactions on social media a month ago, saying it sought to protect small and midsize offline...
- TikTok shuts shopping feature in Indonesia following banTikTok, a hugely popular short-form video platform, shut down its Shop apparatus in Indonesia on Wednesday after the country banned commerc...
- TikTok ends retail business in Indonesia after ban on social media shoppingThe Indonesian government announced the new regulation, which prohibits social media companies from facilitating sales of products on their...
- TikTok to halt transactions on its app in Indonesia from WednesdayThe Indonesian government has said the ban, imposed last week, is aimed at protecting offline merchants and marketplaces, adding that preda...
- TikTok says it regrets Indonesia's decision to to ban ecommerce sales on social media platformsIndonesia banned goods transactions on social media platforms such as TikTok in a bid to protect small businesses from e-commerce competiti...
- Indonesia bans ecommerce transactions on social mediaThe government says the move is aimed at protecting offline merchants and marketplaces in Southeast Asia's biggest economy, adding that pre...
- Indonesia may issue regulations on social media ecommerce this weekMinisters have repeatedly said that ecommerce sellers using predatory pricing on social media platforms are threatening offline markets in ...
- Indonesia planning to ban goods transactions on social mediaIndonesia, with a population of more than 270 million, accounted for nearly $52 billion worth of e-commerce transactions last year, accordi...
- TikTok in talks to gain Indonesian payments licenceThe news follows an announcement by TikTok CEO Shou Zi Chew in June that the short video platform would invest billions of dollars in Indon...
- Tax on digital transactions: Discussions or a stalemate with the European Union?India isn't alone in levying tax on digital transactions. With talks at the OECD on a global deal making little headway, a number of countr...
- Southeast Asia’s net economy to top $100 billion this yearThe value of the region’s online transactions in areas from internet retail to car-hailing should reach $300 billion by 2025: Report
- Digital revolution clears hurdles for Asia's emerging economiesAt the same time, the Philippines, India and Indonesia still have some of the lowest digital banking penetration rates in Asia.
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