E32: Indonesia bans purchases on social media platforms

In the latest episode of our podcast, we delve into news that has sent ripples through the world of social media and e-commerce. Indonesia has just introduced a regulation that shakes up the way transactions and payments take place on social media platforms.   How will it impact the operations of TikTok Shop which thrives on its massive user base? TikTok Shop’s frictionless experience allowed it to flourish. But with Indonesia slamming the brakes on this practice, TikTok Shops face a significant challenge. How will it affect the business model?   In our episode, we explore the motives behind Indonesia's regulatory move. What are the concerns driving this decision, can it serve as a blueprint for other countries’ policy?   Moreover, we investigate potential solutions. Indonesia has given a tight deadline of just one week for the issues to be addressed. Are there alternative strategies TikTok Shop can employ to continue its operations?   Join us in this episode as we unravel the complexities of Indonesia's new regulation and its impact on TikTok Shop!