Thursday, September 28, 2023

How TikTok Shop's growth in Indonesia, meant to be a template for a global expansion, ended in a ban amid backlash from rivals and an "activist" minister (Bloomberg)

Bloomberg:
How TikTok Shop's growth in Indonesia, meant to be a template for a global expansion, ended in a ban amid backlash from rivals and an “activist” minister  —  - Company ordered to split off TikTok Shop in its No. 1 market  — Indonesia puts pressure on TikTok to protect local merchants



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...