TikTok

Partnering with the Indonesian tech giant will let TikTok regain access to the country’s e-commerce market, while providing the former with much-needed capital.

A new bill threatens the app’s survival and casts a spotlight on the quandary that many private Chinese companies have found themselves in.

Chinese firms, which have established good relations with President Joko Widodo's cabinet, are quietly putting out feelers ahead of the changeover of administration.

The policy is the latest instance in which Jakarta has flexed its regulatory muscles against the big foreign tech firms.

Communications Minister Fahmi Fadzil's warning comes two weeks after he blamed TikTok for failing to remove defamatory or misleading content from its platform.

The East Asian countries that escaped the middle income trap did so on the backs of strong private enterprises. China is hamstringing its own corporate giants.

The Chinese-owned short video app has hit a number of recent roadblocks in its bid to expand its Southeast Asian operations.

For all its short-term benefits, such protectionism will not benefit the country's economy in the long run.

The move came after the Indonesian government announced an immediate ban on commerce transactions on social media platforms.

The ban is set to impact the Chinese social media network TikTok, which has launched an aggressive expansion into the e-commerce space.

Indonesia banned goods transactions on social media platforms such as TikTok, accusing vendors of predatory pricing.