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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New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Springcoast Partners (FinSMEs)

FinSMEs : New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Spr...