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JAKARTA – Social media giant TikTok Nusantara (SG) PTE. LTD has been hit with a substantial fine of IDR 15 billion by Indonesia’s Business Competition Supervisory Commission (KPPU) for its delayed notification of the acquisition of shares in e-commerce platform PT Tokopedia. This significant penalty, stemming from KPPU Case Number 02/KPPU-M/2025 concerning the alleged violation of late notification regarding the takeover of PT Tokopedia shares by TikTok Nusantara (SG) PTE. LTD., underscores the regulatory body’s commitment to ensuring timely compliance in business transactions. The landmark decision was announced today in Jakarta.
Deswin Nur, Head of the KPPU’s Public Relations and Cooperation Bureau, confirmed the ruling in a written statement on Monday, September 29, 2025. He emphasized that the IDR 15 billion fine was levied against TikTok Nusantara (SG) Pte. Ltd. specifically for its failure to promptly report the majority share acquisition of PT Tokopedia, a critical procedural step designed to maintain fair market competition within Indonesia.
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The judgment was delivered during a Commission Panel session held on the same day at the KPPU Headquarters in Jakarta. The panel was presided over by Rhido Jusmadi, with M. Fanshurullah Asa and M. Noor Rofieq serving as members, highlighting the meticulous review process behind such a significant regulatory action.
The strategic acquisition of a majority stake in Tokopedia was intended to facilitate TikTok’s re-entry into the dynamic Indonesian e-commerce market. This collaboration sought to establish a clear distinction between TikTok’s primary social media functions and its burgeoning e-commerce operations, allowing both platforms to leverage their unique strengths.
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Fundamentally, both companies initially served distinct purposes. TikTok began as a leading entertainment platform, predominantly featuring video-based content, before expanding its footprint into e-commerce. In contrast, Tokopedia has consistently focused on being a dedicated online buying and selling platform since its inception, building a strong presence in the digital marketplace.
“The acquisition resulted in TikTok gaining control of 75.01 percent of Tokopedia’s shares, while the remaining 24.99 percent continues to be held by PT GoToGojek Tokopedia Tbk,” Deswin explained. He further clarified that the transaction legally became effective on January 31, 2024, meaning the notification to the KPPU should have been submitted no later than March 19, 2024, a deadline TikTok failed to meet.
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Despite the oversight, TikTok acknowledged its delay in reporting the majority share acquisition. Its cooperative stance throughout the examination process was considered a mitigating factor by the KPPU when determining the final penalty.
“The KPPU has imposed a fine of IDR 15 billion on TikTok Nusantara (SG) Pte. Ltd., which must be deposited into the state treasury within 30 days once the ruling achieves legal finality,” Deswin stated, concluding the commission’s decisive action against the tech giant.
Summary
TikTok Nusantara (SG) PTE. LTD. has been fined IDR 15 billion by Indonesia’s Business Competition Supervisory Commission (KPPU) for its late notification regarding the acquisition of a majority stake in e-commerce platform PT Tokopedia. The ruling, announced on September 29, 2025, specifically penalizes TikTok for failing to promptly report its 75.01% share acquisition. This critical procedural step was missed, as the transaction became effective on January 31, 2024, requiring notification by March 19, 2024.
The acquisition aimed to re-establish TikTok in the Indonesian e-commerce market, distinguishing its social media and e-commerce operations. While TikTok acknowledged the delay and cooperated during the examination process, the KPPU still imposed the substantial penalty. The IDR 15 billion fine must be deposited into the state treasury within 30 days once the ruling achieves legal finality.