Expert: TikTok Shop closure has positive impact on e-commerce ecosystem

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Jember, East Java (ANTARA) – Muhammadiyah University (Unmuh) Jember economic expert Yohanes Gunawan Wibowo said that the temporary closure of the TikTok Shop has had a positive impact on the e-commerce ecosystem, which is reflected in the increase in Bukalapak and Tokopedia share prices. “However, this may only be temporary because the digital platform is likely to return in a different way,” he said in a written statement received in Jember Regency, East Java, Saturday. The government officially closed the TikTok Shop on Wednesday (4/10) at 17.00 WIB, referring to government regulations, Minister of Trade Regulation (Permendag) Number 31 of…

Ministry of Communication and Information’s response regarding the cessation of TikTok Shop in Indonesia

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Jakarta (ANTARA) – Minister of Communication and Information (Menkominfo) Budi Arie Setiadi responded to the closure of the TikTok Shop service in Indonesia and said that this was in accordance with regulations regarding Trading via Electronic Systems, “Tiktok has made the decision to no longer facilitate transactions on the TikTok Shop platform. In this case, sanctions against TikTok are not necessary considering that Tiktok is already subject to Electronic Trading System (PMSE) regulations. We will continue to evaluate and coordinate with the relevant sector ministries to ensure PSE’s compliance with existing regulations,” said Budi to ANTARA in a short message,…