Blow To TikTok As Indonesia Bans Social Media Transactions

2024-05-15 01:42:41283
Blow To TikTok As Indonesia Bans Social Media Transactions
  • September 28, 2023
  • 2:30 PM CDT
  • Dan Bennett

Indonesia has officially banned business transactions on social media platforms. The policy was formulated to protect the local businesses from being undermined by foreign companies. TikTok has much to lose due to the new government policy as the country is its second biggest market after the US. 

Blow To TikTok

The new policy was seen as the biggest blow to the video sharing giant. TikTok had already planned to invest billions of dollars in Southeast Asia’s largest economy. The country’s Trade Minister Zulkifli Hasan said the move will benefit Indonesia’s local businesses struggling to compete with predatory prices on social media platforms

Blow To TikTok As Indonesia Bans Social Media Transactions

TikTok Expressed Concern

In response, TikTok’s Indonesia’s spokesman said they don’t know how restricting Indonesian businesses will benefit the country. At least 6 million local businesses on TikTok are expected to be affected by the government’s decision.

本文地址:http://panshare.cn/news/318329.html
版权声明

本文仅代表作者观点,不代表本站立场。
本文系作者授权发表,未经许可,不得转载。

热门标签

全站热门

NASA To Study Toxic Saturn Moon With Dragonfly Drone

2% Tax on Billionaires Could Raise $250 Billion A Year: Report

Mexican Cartels Offer Wifi With Death Threats If Left Unused

Fresh Hell

Maine's Top Election Official Rules Trump Out Of Ballot

Why is the illicit rhino horn trade escalating?

Mexico’s military is a lethal killing force – should it really be deployed as police?

Experts Says Our Food is The Leading Cause of Death

友情链接