TikTok announces $1.5 bn deal to restart Indonesia online shopping business

17 Sept 14:05 Key points summarised by AI

TikTok commits $1.5 billion to GoTo's e-commerce unit, Tokopedia, to revive its online shopping operations in Indonesia.
The deal merges TikTok Shop into Tokopedia, granting TikTok a controlling stake in the new entity.
This move follows Indonesia's ban on social media platforms conducting direct e-commerce transactions, which previously forced TikTok Shop to close.
The partnership aims to transform Indonesia's e-commerce sector and generate millions of new job opportunities over the next five years.

Detained Suu Kyi receives UK royal package: Myanmar govt

Yesterday 03:08 Key points summarised by AI

Myanmar's detained Nobel laureate, Aung San Suu Kyi, received a package from Britain's King Charles III, which included two gardening books, a sealed envelope, and diplomatic communication.
The event marked the first release of images of Suu Kyi in two months and saw Myanmar authorities describe her as a "special female prisoner" for the first time.
Suu Kyi, who was deposed in a 2021 military coup that triggered an ongoing civil war, remains under house arrest on charges that rights groups contend are politically motivated.