"Dream - ByteDance, the parent company of TikTok, and PT Gojek Tokopedia (GOTO), as the parent company of Tokopedia, have officially formed a strategic partnership. TikTok Shop is collaborating with Tokopedia. Executive Director of E-Commerce, TikTok Indonesia, Stephanie Susilo, revealed the reasons for choosing Tokopedia as its partner."

However, Stephanie cannot comment on whether TikTok Shop will have a new identity after merging with Tokopedia. "We will continue to collaborate with Tokopedia in the future, and we will update if there is any information," she said. As part of this strategic partnership, TikTok has invested more than US$1.5 billion or around Rp23.41 trillion (at an exchange rate of Rp15,607 per US$).

"E-commerce is Tokopedia's collaboration with Tiktok. So Tiktok itself is not an e-commerce platform, but Tokopedia handles the selling part of the e-commerce. However, this collaboration requires a high level of technology, maybe it will take around three to four months as some kind of experiment," said Zulhas during the National Online Shopping Day (Harbolnas) conference on December 12th. Tokopedia and TikTok Launch the 'Buy Local' Campaign in Jakarta, Tuesday, December 12th, 2023."

The government will observe, audit, and evaluate during the trial period. The assessment of the trial period is adjusted according to the Minister of Trade Regulation Number 31 of 2023 concerning Business Licensing, Advertising, Development, and Supervision of Business Actors in Electronic Trading. "We will evaluate what the collaboration and cooperation will result in," Zulhas continued.