Dream - The news of the TikTok Shop's return to operation in Indonesia is likely to soon become a reality. The news was strengthened after a report emerged from the business website Bloomberg.com. In its report, ByteDance Ltd., the parent company of TikTok, was reported to have reached an agreement to invest in GoTo Group. These two technology companies are also ready to collaborate in providing online shopping services, also known as e-commerce.

Investment in Tokopedia will be the first for TikTok Shop. Bloomberg News reported last month that TikTok and GoTo were discussing potential investments. However, another option being considered is a joint venture. This could include the development of a new e-commerce platform. Although rumors of the return of TikTok Shop have surfaced, representatives from both TikTok and GoTo have declined to comment.

For GoTo, a deal with TikTok could be risky as it would help a major online retail competitor to operate in Indonesia. However, this agreement would also provide benefits to GoTo in the form of a strong global social media partner that can enhance the volume of shopping, logistics, and payments for both companies.

Chief Executive Officer Patrick Walujo, reportedly trying to bring GoTo to adjusted profitability by the end of this year. With the aim of showing that this online transportation and e-commerce company has long-term potential. The Indonesian government itself estimates that its digital economy will grow to more than US$1.6 trillion by 2045, which is about 18% of its GDP.