TikTok Suspends E-commerce Service in Indonesia Amid Ban

TikTok Indonesia has announced that it will halt e-commerce transactions on its platform by Thursday in order to comply with new local regulations. The move comes after the Indonesian government banned e-commerce transactions on social media platforms such as TikTok and Facebook. This could deal a major blow to TikTok's Southeast Asian ambitions, as Indonesia is its largest market in the region. The company had previously planned to invest billions of dollars in the region to diversify its business globally.