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- Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal</p>
<p>September 29, 2025 at 3:29 AM</p>
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<p>A woman walks past a logo of Tik Tok social network on Wangfujing street in Beijing</p>
<p>JAKARTA (Reuters) -TikTok has been fined 15 billion rupiah ($900,000) for the late reporting of its acquisition of e-commerce platform Tokopedia, Indonesia's anti-monopoly agency said on Monday.</p>
<p>TikTok, which is owned by China's ByteDance, completed a deal in January 2024 to buy 75.01% of Tokopedia for $840 million from PT GoTo Gojek Tokopedia.</p>
<p>A TikTok spokeperson said they respect and appreciate KPPU's decision and remain committed to upholding the principles of fair business competition.</p>
<p>The antitrust agency has the power to investigate and determine violations of competition law and impose fines or issue administrative sanctions, based on their findings.</p>
<p>($1 = 16,665 rupiah)</p>
<p>(Reporting by Dewi Kurniawati; Writing by Fransiska Nangoy; Editing by John Mair)</p>
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