Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal
NegativeFinancial Markets

Indonesia's anti-monopoly agency has imposed a fine on TikTok for failing to report its acquisition of Tokopedia in a timely manner. This decision highlights the increasing scrutiny on tech companies operating in the region and underscores the importance of compliance with local regulations. The fine serves as a reminder to other companies about the need for transparency in their business dealings, especially in rapidly evolving markets.
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