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3 days agoTikTok's messy merger in Indonesia could be a preview of what's to come in the U.S.
Tokopedia's sales volume has continued to decline steadily after ByteDance's acquisition. For the first couple of quarters, we gave them the benefit of the doubt of being a new owner carrying out messy integration work. At this point, it's clear that they are not investing strategically in Tokopedia.
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