tiktok Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/tiktok/ Latest business news media headlines platform today | Lets talk Business Tue, 19 Nov 2024 08:14:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png tiktok Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/tiktok/ 32 32 ByteDance lumps its valuation to US$300bn amidst the TikTok’s ban auspice https://heaptalk.com/news/bytedance-lumps-its-valuation-to-us300bn-amidst-the-tiktoks-ban-auspice/ Tue, 19 Nov 2024 08:14:54 +0000 https://heaptalk.com/?p=44331 Heaptalk, Jakarta — ByteDance, the Chinese company that owns TikTok, has announced that it has reached a valuation of $300 billion, approximately Rp4,752 trillion, claiming itself as one of the highest-valued technology firms in China. Following the matter, Reuters reported that ByteDance has recently engaged with investors over the past week to propose a share buyback initiative. […]

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]]> GoTo integrates its BNPL services into TikTok’s ShopTokopedia https://heaptalk.com/industry/goto-integrates-its-bnpl-services-into-tiktoks-shoptokopedia/ Thu, 01 Aug 2024 01:50:28 +0000 https://heaptalk.com/?p=35961 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia Tbk (GoTo) enhances its strategic partnership with TikTok by providing a Buy Now, Pay Later (BNPL) product, GoPay Later, on TikTok’s ShopTokopedia. This measure expands on the existing partnership between GoTo and TikTok, which aims to drive the growth of Indonesia’s digital economy through accessible financial services. “GoPay […]

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]]> Tokopedia confirms layoff plan as a part of its growth strategy https://heaptalk.com/news/tokopedia-confirms-layoff-plan-as-a-part-of-its-growth-strategy/ Fri, 14 Jun 2024 06:42:37 +0000 https://heaptalk.com/?p=33056 Heaptalk, Jakarta — Tokopedia confirmed to trim an undisclosed number of employees following ByteDance’s layoff which will begin June 2024. According to Nuraini Razak, the Director of Corporate Affairs of Tokopedia and ShopTokopedia, the company has identified several areas for strengthening within the organization and adjusted its teams to align with its goals. “As a […]

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]]> ByteDance to cut 450 Indonesia’s e-commerce teams after six-month merger completion with Tokopedia https://heaptalk.com/news/bytedance-to-cut-450-indonesias-e-commerce-teams-after-six-month-merger-completion-with-tokopedia/ Thu, 13 Jun 2024 03:24:39 +0000 https://heaptalk.com/?p=32955 Heaptalk, Jakarta — TikTok’s parent company, ByteDance, announced plans to slash employees in its e-commerce business unit in Indonesia, Tokopedia, six months after the strategic acquisition between its subsidiary TikTok and this e-commerce company. Insiders reported that the layoff is expected to affect around 450 workforces, accounting for about 9% of the total number in […]

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]]> Trimming its EBITDA loss up to 89% in Q1, GoTo to hit breakeven this year https://heaptalk.com/news/trimming-its-ebitda-loss-up-to-89-in-q1-goto-to-hit-breakeven-this-year/ Tue, 30 Apr 2024 04:48:00 +0000 https://heaptalk.com/?p=28912 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia announced has successfully reducing its Adjusted EBITDA loss by 89% YoY to USD6.2 million in its first quarter (Q1) 2024. “In the first quarter, we continued to experience robust top-line growth. At the same time, GoTo’s adjusted EBITDA remained in line with our plan, putting us on track […]

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]]> TikTok will be banned in US, will ByteDance sell the apps without algorithm? https://heaptalk.com/news/tiktok-will-be-banned-in-us-will-bytedance-sell-the-apps-without-algorithm/ Mon, 29 Apr 2024 11:06:40 +0000 https://heaptalk.com/?p=28876 Heaptalk, Jakarta — After the President of the United States (US), Joe Biden, officially signed a law requiring ByteDance to sell TikTok in the US to continue operating in Uncle Sam’s country, TikTok’s parent company is reportedly exploring other scenario to sell the apps without its algorithm, the Information reported. However, the company’s management has […]

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]]> US govt passes the bill, ByteDance prefers to shut down TikTok in the US market https://heaptalk.com/news/us-govt-passes-the-bill-bytedance-prefers-to-shut-down-tiktok-in-the-us-market/ Fri, 26 Apr 2024 10:49:35 +0000 https://heaptalk.com/?p=28745 Heaptalk, Jakarta — The United States (US) Senate has authorized a ban on using the TikTok application in this Uncle Sam’s country, marked by the signing of the bill by the US President, Joe Biden. Last March, before the President officially signed it, the policymaker passed this law by obtaining around 352 votes to 65, […]

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]]> Bags a $273mn in net revenue 4Q23, GoTo to perform buyback share plan at $200mn https://heaptalk.com/whats-on/bags-a-273mn-in-net-revenue-4q23-goto-to-perform-buyback-share-plan-at-200mn/ Wed, 20 Mar 2024 05:28:34 +0000 https://heaptalk.com/?p=25691 Heaptalk, Jakarta — Giant digital ecosystem GoTo Gojek Tokopedia posted net revenue of USD273 million, increasing 18% QoQ and 26% YoY. The group also retained positive YoY gross revenue growth of 3% by addressing more significant market segments and improving the consumer lending business. Furthermore, GoTo also maintains a solid cash position and balance sheet. […]

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]]> TikTok to be banned as the US govt passed the bill https://heaptalk.com/news/tiktok-to-be-banned-as-the-us-govt-passed-the-bill/ Mon, 18 Mar 2024 07:32:44 +0000 https://heaptalk.com/?p=25533 Heaptalk, Jakarta — ByteDance’s social media app TikTok threatened to be banned in the United States following the accusation of the superpower to TikTok’s parent company regarding the data collection of its users in the US. “TikTok could live on, and people could do whatever they want, provided that separation exists. Instead of a ban, this […]

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]]> GoTo: TikTok-Tokopedia migration will complete about 1.5 months ahead https://heaptalk.com/news/goto-tiktok-tokopedia-migration-will-complete-about-1-5-months-ahead/ Thu, 29 Feb 2024 09:06:48 +0000 https://heaptalk.com/?p=24040 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia Tbk delivered the latest update regarding the TikTok system migration process to Tokopedia after completing the transaction early this year. According to the CEO of GoTo, the company aims to complete the entire migration process in March – April 2024. As he stated during the virtual press conference, […]

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]]> Five months return, Minister Teten urges to re-evaluate TikTok Shop https://heaptalk.com/technology/five-months-return-minister-teten-urges-to-re-evaluate-tiktok-shop/ Fri, 23 Feb 2024 02:13:21 +0000 https://heaptalk.com/?p=23606 Heaptalk, Jakarta — After officially returning its operation several months ago, Minister of Cooperatives and Small and Medium Enterprises (SME) Teten Masduki perceived TikTok Shop remains violates Indonesia’s Ministry of Trade regulation (Permendag) No.31 2023 concerning Business Licensing Advertising Guidance and Supervision of Business Actors in Trading Through Electronic Systems. “We, at the Ministry of […]

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]]> Indonesia prohibits TikTok from running social media and e-commerce simultaneously https://heaptalk.com/industry/indonesia-prohibits-tiktok-running-social-media-and-e-commerce/ Thu, 07 Sep 2023 04:23:25 +0000 https://heaptalk.com/?p=12285 TikTok ban prompted the government to further regulate the separation of social media and e-commerce businesses, as well as cross-border commerce for fair competition. Heaptalk, Jakarta — The Indonesian Government has taken a measure regarding the business operations of TikTok in Indonesia (09/06). Minister of Cooperatives and SMEs Teten Masduki prohibited the China-based social media […]

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]]> Short-video apps TikTok to invest USD10 billion in Indonesia https://heaptalk.com/news/short-video-apps-tiktok-to-invest-usd10-billion-in-indonesia/ Thu, 15 Jun 2023 09:54:36 +0000 https://heaptalk.com/?p=10745 TikTok has accommodated 5 million businesses in Indonesia, dominated by MSMEs. This output has reinforced the company to continue investing in the country.  Heaptalk, Jakarta — A short video app TikTok, reportedly will invest about US$10 billion (around Rp149 trillion) in Indonesia in the next two to five years. This announcement was directly informed by the […]

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]]> 5 valuable insights to grow a business from A Cup of Moka Conference 2022 https://heaptalk.com/news/5-valuable-insights-to-grow-a-business-from-a-cup-of-moka-conference-2022/ Tue, 01 Feb 2022 17:27:29 +0000 https://heaptalk.com/?p=3260 Heaptalk, Jakarta — The COVID-19 pandemic has created economic turmoil in every business sector that it may not hinder. Business owners, particularly micro, small, and medium-sized enterprises (MSMEs), have a binary choice: survive or perish. This is inevitable as business sectors must adjust to new ways of conducting daily operations—the old way of managing their […]

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