JAKARTA/HONG KONG : TikTok said it has no plans to roll out a cross-border business in Indonesia as a government minister on Thursday expressed concerns over how reported plans for a new e-commerce push by the firm could flood the country with Chinese products.The short video app, owned by China's ByteDan
JAKARTA/HONG KONG : TikTok said it has no plans to roll out a cross-border business in Indonesia as a government minister on Thursday expressed concerns over how reported plans for a new e-commerce push by the firm could flood the country with Chinese products.
Fiki Satari, a special advisor to the minister, confirmed the minister's comments to Reuters and said that they were worried such a program would increase the risk of"unequal playing field and predatory pricing" for small businesses. "We made a conscious deliberate decision as a company to not open up cross-border business here. This is our commitment to support local Indonesian micro, small and medium-sized businesses," she said.
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