Indonesia: Competition Commission imposed administrative fine on TikTok Nusantara (SG) Pte. Ltd. over delayed notification of Tokopedia acquisition

On 29 September 2025, the Indonesian Competition Commission (KPPU) imposed an administrative fine of IDR 15 billion on TikTok Nusantara (SG) Pte. Ltd. for failing to submit a timely notification regarding its acquisition of a 75.01 per cent ownership interest in PT Tokopedia, with the remaining 24.99 per cent retained by PT GoTo Gojek Tokopedia Tbk. The transaction became legally effective on 31 January 2024, setting a statutory deadline of 19 March 2024 for notification to KPPU. As the designated acquiring entity, TikTok Nusantara (SG) Pte. Ltd. did not fulfil this obligation, prompting KPPU to annul an earlier submission by TikTok Pte. Ltd. on 7 August 2024 and to open an investigation the following day. The Commission found an 88-working-day delay in notification. After a hearing at KPPU Headquarters in Jakarta, and taking into account the company’s cooperation and absence of prior violations, KPPU ordered payment of the fine within 30 days after the decision becomes legally binding.