Indonesia – The Indonesian antitrust watchdog KPPU has conditionally approved TikTok’s acquisition of e-commerce giant Tokopedia, concluding its investigation into potential monopoly risks tied to the high-profile merger.
The approval, as reported by Reuters, comes with a set of requirements that TikTok and Tokopedia have agreed to fulfil. The deal, completed last year, had drawn regulatory scrutiny over concerns it could lead to increased market dominance.
Weeks earlier, KPPU flagged a rise in market concentration post-merger and warned of risks such as higher consumer prices and reduced competition. In response, the agency imposed several conditions, including maintaining open access for payment and logistics services and avoiding anti-competitive practices such as self-preferencing and predatory pricing.
A TikTok spokesperson said the company respects and appreciates the agency’s decision.
“Fair competition principles have been part of our approach from the start, and we remain committed to implementing them consistently to support a fair and inclusive digital ecosystem,” the spokesperson said, as quoted by Reuters.
KPPU will continue monitoring the implementation of the conditions until June 17, 2027. The regulator holds authority to investigate competition law violations and impose fines or administrative sanctions as warranted.
