TikTok

"We will give a three to four months period for trial because technology is not an easy thing. Maybe efforts to perfect it would be needed," Indonesia's Trade Minister Zulkifli Hasan said.

Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.

ByteDance Ltd’s TikTok is said to be in the process of obtaining an e-commerce permit in Indonesia, local media Antara reported.

Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.

TikTok has recently come under scrutiny in Southeast Asia. Last week, Indonesia's government has halted transactions on its platform following a ban on e-commerce trade on social media.

The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises.

"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.

Southeast Asia is one of TikTok’s biggest markets in terms of user numbers.

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