TikTok

Teten Masduki, the Indonesian minister for small and medium enterprises (SMEs), told reporters that TikTok still had not complied with the regulation.

HubSpot and TikTok have on Thursday announced a partnership to make community-based customer acquisition easier than ever for business to business (B2B) brands, with a new integration designed to easily capture leads from TikTok directly in HubSpot’s customer relationship management (CRM).

As we usher into 2024, with the hope for a better year, here are some of the top tech news in 2023.

TikTok Shop more than doubled its market share to 11 percent this year, Walujo said on a conference call with investors on Thursday. GoTo’s share of the pie shrank to 23 percent from 28 percent over that span, he was quote as saying.

"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.