GOTO's Partnership Signal with TikTok Strengthens, Giving Positive Sentiment to its Stock?

Market

Premium

Erlina Fury Santika 08/12/2023 16:03 WIB

URL has been copied

Memuat...

GOTO and TikTok are reportedly going to collaborate. The increasingly strong signals of a partnership are giving a positive sentiment to GOTO's stock movement.

GOTO Stock Movement (September-December 2023)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “GOTO's Partnership Signal with TikTok Strengthens, Giving Positive Sentiment to its Stock?”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

GOTO Stock Movement (September-December 2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

TikTok is reportedly about to announce a partnership with GoTo Gojek Tokopedia (GOTO) this week or next.

Sources from *DealStreetAsia*, as cited by *Katadata*, say that talks regarding a collaboration and investment between TikTok's parent company, ByteDance, and Tokopedia are in their final stages.

"The agreement may be announced as early as this week or next week," said the source, as reported on Wednesday (December 6, 2023).

Furthermore, several *DealStreetAsia* sources indicated that TikTok might acquire a small stake in Tokopedia, gradually increasing it to a majority stake.

"Initially, ByteDance wanted a 10% stake in Tokopedia. However, GoTo has encouraged them (ByteDance) to take over 50% and let them run that e-commerce business segment," said a source familiar with the development.

Discussions between ByteDance and GoTo Gojek Tokopedia have been ongoing since the Indonesian government banned the combination of social media and e-commerce features within a single app in September 2023. Besides GOTO, TikTok is also reportedly in talks with other e-commerce companies, such as Bukalapak and Blibli.

(See also: TikTok Largest Contributor to ByteDance Revenue in October 2023)

So, does this potential partnership signal positive sentiment for GOTO's stock movement?

Based on Yahoo Finance data, GOTO's stock rose for two consecutive days.

Specifically, on Thursday (December 6, 2023), it was recorded at Rp92 per share. The following day, it rose to Rp95 per share.

Then, on Friday (December 8, 2023) at 3:29 PM WIB, it surged to Rp109 per share.

This Friday's achievement was the second highest from September to December 2023. Last Friday (December 1, 2023), it also closed at Rp109 per share.

In the last four months, GOTO's stock reached its lowest point at Rp56 per share on October 27, 2023.

Based on RTI Business data on Friday (December 8, 2023) at 3:59 PM WIB, the volume of GOTO shares in circulation reached 12.47 billion with a frequency of over 68,000 times. Its value reached Rp1.29 trillion. The market capitalization touched Rp129.75 trillion.

(See also: TikTok Wants to Partner with Tokopedia? Here's the Competition with Other E-Commerce Companies)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Despite Rising Transactions, Most Indonesian E-Commerce Businesses' Revenue Remains Stagnant in 2024

5 Illegal Cosmetic Products Widely Sold on Indonesian Marketplaces

IDX Composite Weakens While Many Stock Sectors Gain (Wednesday, December 3, 2025)

Majority of Indonesian E-Commerce Entrepreneurs are Millennials

Instant Messaging: Main Channel for E-Commerce Businesses in Indonesia

E-Commerce Businesses in Indonesia Increased Until 2024

Latest Data Stories

Statistics on the Kong Hu Cu Population in Central Kalimantan, 2015-2024 Demographics 05/12/2025, 14:00 WIB

Food Prices Today, December 05 in Banten: Red Chili Up, Cayenne Pepper Down Economics & Macro 05/12/2025, 13:30 WIB

The price of fresh chicken in traditional markets in North Kalimantan Province has increased by 7.62% over the past month. Economics & Macro 05/12/2025, 13:17 WIB

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year Demographics 05/12/2025, 13:15 WIB

Other Services Sector PDRB in South Sulawesi Grew 4.77% (2024) PDB 05/12/2025, 13:14 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/12/2025, 13:05 WIB

Download

Source

GOTO's Partnership Signal with TikTok Strengthens, Giving Positive Sentiment to its Stock?

Tags

Related Data

Despite Rising Transactions, Most Indonesian E-Commerce Businesses' Revenue Remains Stagnant in 2024

5 Illegal Cosmetic Products Widely Sold on Indonesian Marketplaces

IDX Composite Weakens While Many Stock Sectors Gain (Wednesday, December 3, 2025)

Majority of Indonesian E-Commerce Entrepreneurs are Millennials

Instant Messaging: Main Channel for E-Commerce Businesses in Indonesia

E-Commerce Businesses in Indonesia Increased Until 2024

Latest Data Stories

Popular Data

GOTO's Partnership Signal with TikTok Strengthens, Giving Positive Sentiment to its Stock?

Tags

Related Data

Despite Rising Transactions, Most Indonesian E-Commerce Businesses' Revenue Remains Stagnant in 2024

5 Illegal Cosmetic Products Widely Sold on Indonesian Marketplaces

IDX Composite Weakens While Many Stock Sectors Gain (Wednesday, December 3, 2025)

Majority of Indonesian E-Commerce Entrepreneurs are Millennials

Instant Messaging: Main Channel for E-Commerce Businesses in Indonesia

E-Commerce Businesses in Indonesia Increased Until 2024

Latest Data Stories

Trending Topics

Popular Data