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Dream - The Ministry of Trade (Kemendag) acknowledges that TikTok is currently applying for e-commerce licensing. Therefore, if the process is approved, e-commerce in Indonesia will have one more addition, namely TikTok Shop.
Deputy Minister of Trade (Wamendag), Jerry Sambuaga, welcomes the TikTok plan. According to him, the plan is evidence that everyone must comply with government regulations.
"dream.co.id"
"Jerry also responded to the rumored plan of TikTok Shop joining existing e-commerce companies, such as Gojek Tokopedia (GOTO). He stated that the Ministry of Trade and Industry (Kemendag) has not yet discussed the future business model of TikTok Shop."
tegas Wamendag.
"Previously, the Minister of Cooperatives and Small and Medium Enterprises (Menkop UKM), Teten Masduki, stated that TikTok Shop is allowed to merge with domestic electronic commerce or e-commerce platforms. However, he reminded that TikTok Shop should not engage in predatory pricing practices or sell at a loss that could damage market prices."
According to Teten, this cannot be avoided because several local e-commerce companies such as Tokopedia and Bukalapak have sold their shares to the public or conducted an IPO.
"dream.co.id."
Teten conveyed that the government only wants to ensure that micro, small, and medium enterprises (MSMEs) are not eroded by the presence of global e-commerce. Furthermore, Teten requested that global e-commerce respects and appreciates the development of the national economy. "They must also respect the development of the national economy. We want the digital economy to also start implementing sustainable business models," said Teten.
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