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'Regulate them': hard-up Indonesia traders urge TikTok sales ban

Economic Times

Economic Times · 1y ago

'Regulate them': hard-up Indonesia traders urge TikTok sales ban

Indonesian market sellers are urging the government to regulate or even ban TikTok's e-commerce platform, TikTok Shop, as it is impacting their offline businesses. Many sellers in Tanah Abang, Southeast Asia's largest textile market, are struggling to compete with the low prices offered on TikTok Shop, leading to a significant drop in their revenues. The Indonesian government is considering new regulations to create a level playing field and protect local businesses. TikTok has defended its platform, stating that it supports millions of local businesses in Indonesia.

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TikTok, YouTube, Meta mulling Indonesia ecommerce licences

Economic Times

Economic Times · 1y ago

TikTok, YouTube, Meta mulling Indonesia ecommerce licences

TikTok and YouTube are considering applying for ecommerce licenses in Indonesia, following the country's ban on ecommerce transactions on social media platforms. TikTok, with a user base of 125 million in Indonesia, plans to apply for a license and is exploring potential partnerships with local ecommerce players. YouTube is also planning to apply for an ecommerce license, but the specific permit type has not been disclosed. The ban has affected TikTok's ambitions to build its ecommerce service TikTok Shop, which was delivering 3 million parcels a day in Indonesia prior to the ban.

TikTok to halt transactions on its app in Indonesia from Wednesday

Economic Times

Economic Times · 1y ago

TikTok to halt transactions on its app in Indonesia from Wednesday

TikTok will halt transactions on its app in Indonesia from Wednesday in compliance with the country's new ban on e-commerce trade on social media. The Indonesian government implemented the ban to protect offline merchants and marketplaces from predatory pricing on social media platforms. TikTok, which has 125 million active monthly users in Indonesia, had planned to invest billions of dollars to build its e-commerce platform TikTok Shop. However, it remains uncertain if TikTok will create a separate e-commerce app or reopen TikTok Shop in the future.

Virginia, other US states back Montana in TikTok ban: court filing

Economic Times

Economic Times · 1y ago

Virginia, other US states back Montana in TikTok ban: court filing

A group of 18 state attorneys general, led by Virginia, have expressed their support for Montana's ban on TikTok. They argue that TikTok engages in deceptive practices, shares sensitive personal information, and harms children in Montana. TikTok, owned by China's ByteDance, has filed a suit against the ban, citing violations of free speech rights. The attorneys general urge a U.S. judge to reject TikTok's legal challenges. TikTok's hearing for a preliminary injunction is set for October 12. Efforts to pass nationwide legislation to ban TikTok have stalled.

TikTok is facing legal backlash around the world

Economic Times

Economic Times · 7m ago

TikTok is facing legal backlash around the world

TikTok is facing global legal challenges, including fines in Russia for prohibited content, a one-year Albanian ban after a teen's murder linked to the app, and potential U.S. sale or ban due to China ties. Despite being banned in countries like India and Nepal, TikTok remains widely used worldwide. Countries like Indonesia and Russia impose fines or partnerships, while places like Britain and Canada restrict it on government devices due to security concerns.

TikTok says it regrets Indonesia's decision to to ban ecommerce sales on social media platforms

Economic Times

Economic Times · 1y ago

TikTok says it regrets Indonesia's decision to to ban ecommerce sales on social media platforms

Indonesia has banned e-commerce transactions on social media platforms, including TikTok, to protect small businesses from predatory pricing and competition from imported products. TikTok Indonesia expressed regret over the ban and pledged to respect the regulations while finding a constructive way forward. The government aims to prevent the dominance of algorithms and the misuse of personal data for business interests. The regulation is not specific to TikTok Shop but applies to all social commerce platforms. This move comes as sellers reported significant profit losses due to the inability to compete with lower-priced imported products sold online.

Apple close to winning Indonesian approval to end iPhone 16 ban

Economic Times

Economic Times · 8m ago

Apple close to winning Indonesian approval to end iPhone 16 ban

Apple is close to lifting the ban on iPhone 16 sales in Indonesia after President Prabowo Subianto approved a $1 billion investment from the tech giant. Indonesia initially banned the sale of the flagship device due to noncompliance with domestic content requirements. Apple presented an expanded investment plan, including setting up a plant in Batam to produce AirTags and another plant in Bandung for accessories. The investment aims to gain access to Indonesia's large consumer base and support the government's efforts to boost local manufacturing. However, there is no official timeline for the resumption of iPhone sales.

People are hawking TikTok-loaded phones for thousands on eBay, Facebook

Economic Times

Economic Times · 7m ago

People are hawking TikTok-loaded phones for thousands on eBay, Facebook

Following a temporary ban on TikTok downloads in the U.S., sellers are listing phones preloaded with the app for high prices on platforms like eBay. Despite uncertainties about actual sales, some bids have reached thousands of dollars. The ban doesn't affect existing users, and TikTok remains popular with 170 million U.S. users. Legal questions persist, including whether the sale of TikTok to non-Chinese entities will proceed to end the ban.

Indonesia planning to ban goods transactions on social media

Economic Times

Economic Times · 1y ago

Indonesia planning to ban goods transactions on social media

Indonesia plans to ban goods transactions conducted on social media platforms under new trade regulations. Ecommerce sellers using predatory pricing on social media have been seen as a threat to offline markets in Southeast Asia's largest economy. Current trade regulations do not specifically cover direct transactions on social media, but revisions under consideration will explicitly ban such transactions. TikTok, with 2 million sellers in Indonesia, has expressed no plans for cross-border e-commerce in the country. Indonesia's e-commerce sector is expected to grow to $95 billion by 2025, driven by factors like increased digitalization.

Indonesia bans sales of Google smartphones days after blocking Apple's iPhone 16

Economic Times

Economic Times · 10m ago

Indonesia bans sales of Google smartphones days after blocking Apple's iPhone 16

Indonesia has banned the sales of Google's smartphones, including the Google Pixel, due to a requirement that domestically sold phones must contain at least 40% locally manufactured components. This comes after Indonesia also blocked sales of Apple's iPhone 16 for the same reason. Consumers can still buy Google Pixel phones overseas as long as they pay the necessary taxes. Google has not yet responded to the ban. This move has been criticized as protectionism that harms consumers and investor confidence. Indonesia is known as a key market for technology investments.

TikTok bill faces uncertain fate in the Senate as legislation to regulate tech industry has stalled

Economic Times

Economic Times · 1y ago

TikTok bill faces uncertain fate in the Senate as legislation to regulate tech industry has stalled

The TikTok ban legislation has sparked a lobbying campaign from the app's users, urging them to call their representatives. However, some of these calls have turned threatening, with young voices leaving messages threatening violence against Senator Thom Tillis, who supports the ban. The tech industry has long been successful in fending off regulation, but the Senate is divided on the best approach to handling TikTok's security risks and data privacy concerns. While some lawmakers worry about angering young voters, others believe the legislation is necessary to protect national security interests. Efforts to regulate the tech industry and address online privacy concerns have been stalled for years.

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