TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources
The HinduJAKARTA, Oct 26 - TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia's largest economy banned online shopping on social media platforms, people familiar with the discussions said. Indonesia's trade ministry banned e-commerce transactions on social media a month ago, saying it sought to protect small and midsize offline merchants and marketplaces, and to ensure users' data was protected. TikTok is holding talks for potential partnerships with local e-commerce players, including GoTo's Tokopedia, while building a standalone TikTok Shop app for Indonesia, the people said. Facebook and Instagram owner Meta Platforms applied this month for a type of e-commerce license allowing the promotion of goods on its platforms but no direct e-commerce transactions, said the Indonesian trade ministry's director general of domestic trade, Isy Karim.