The companies said Monday that TikTok Shop Indonesia and GoTo's Tokopedia arm will be combined under the existing Tokopedia entity, with TikTok taking a controlling stake. TikTok plans to invest more than $1.5 billion into the venture over time, they said. Now, the television veteran is angling for a very different assignment: turn conservative British news publications into global brands. The transactions occurred on platforms the subsidiary provided to facilitate overnight loans and foreign exchange trading among Armenia's banks. (END) Dow Jones NewswiresDecember 11, 2023 00:16 ET (05:16 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 11, 2023 05:28 UTC