TikTok spends another 840 million US dollars in Indonesia | Malaysia's Ramadan promotion is about to start

Recently, Tuke learned that Tuke has made new moves in Indonesia, and its global e-commerce footprint may expand once again.

On January 31, Tuke further consolidated its strategic position in e-commerce by completing a controlling acquisition of Indonesian e-commerce giant Tokopedia. Through a deal with Indonesian tech company GoTo,Tuke successfully acquired 75% of Tokopedia's shares, with the transaction amount reaching as high as $840 million.

After this merger, Tokopedia and Tuke Shop will operate together, integrated into a new entity PT Tokopedia, demonstrating Tuke's firm determination to expand its e-commerce ecosystem.

Tuke has committed to invest over $1.5 billion in PT Tokopedia to support its long-term development.

The cooperation between Tuke and Tokopedia not only achieved remarkable results during last December's "Indonesia Online Shopping Day," successfully driving a125% increase in local product sales through the "Buy Local Products" campaign, but also reflected Tuke's commitment to supporting Indonesian SMEs.

GoTo (Tokopedia's parent company) CEO Patrick Waluyo affirmed the cooperation, believing that working with Tuke will create more benefits for Indonesian SMEs.

In addition to strengthening its e-commerce business, Tuke has also made several headlines recently. Let's take a look.

1. Tuke Tests New Shopping Feature

Tuke is currently testing a new shopping feature that can automatically identify products in videos and provide users with purchase links for the same products on Tuke Shop.

The purpose of testing this new feature is to break the previous limitation where only content published by KOLs and brands could include product links, allowing all video content to become potential shopping windows.

However, according to a Tuke spokesperson, this featureis still in the early testing stage. It is believed that once officially launched, it will provide users with a smoother and more enjoyable browsing experience.  

2. Tuke Shop Malaysia Ramadan Mega Sale Coming Soon

Tuke Shop has always been actively expanding in the Southeast Asian market. AlthoughMalaysia's market share is not as large as Indonesia and Vietnam,there is still huge potential to tap.

According to the Q1 2023 financial report, the top categories in Tuke Shop Malaysia's market sales are beauty & personal care, Muslim fashion, women's clothing and women's underwear, accounting for a total of 56.1%. These categories are areas that merchants can focus on and plan for.

In addition,from March 8 to March 24, Tuke Shop will launch theRamadan and Eid Mega Sale in Malaysia. Merchants can attract consumers and boost sales through major promotional activities.

At the same time, the platform will also provide up to 10% platform subsidies.

3. Tuke Deepens Partnership with SHOPLINE

Recently, SHOPLINE announced that it will deepen its cooperation with Tuke, providing a comprehensive set of data integration tools for customers operating on Tuke Shop.

These tools will enablemerchants to synchronize product information updates across different platforms, manage orders, and launch cross-platform marketing campaigns, effectively promoting interaction between merchants and consumers and providing an integrated social e-commerce solution.

According to information provided by SHOPLINE, merchants can now directly process orders and inventory information from Tuke Shop through SHOPLINE's data management platform, greatly simplifying the complexity of cross-platform operations.

The introduction of this new data integration tool not only enables merchants to more effectively manage both their independent sites and Tuke Shop at the same time, but also strengthens interaction between merchants and consumers, helping merchants achieve closed-loop management of the sales process.