Indonesia Fines TikTok Rp 15 Billion Over Delayed Tokopedia Acquisition Filing
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JAKARTA, Investortrust.id — Indonesia’s competition regulator fines TikTok Nusantara Rp 15 billion, equal to about $970,000, on Monday, Sep 29, 2025 in Jakarta, for missing the 30 working day notification deadline on its Tokopedia takeover, signaling tighter enforcement in the fast-growing digital economy.
Komisi Pengawas Persaingan Usaha (KPPU), Indonesia’s Business Competition Supervisory Commission, read out the decision in a panel hearing led by Commission Chair Rhido Jusmadi with Members M. Fanshurullah Asa and M. Noor Rofieq at the commission’s headquarters.
The regulator said the share acquisition became legally effective on Wednesday, Jan 31, 2024. Under the merger control rules, companies must notify within 30 working days of effectiveness, setting the deadline on Tuesday, Mar 19, 2024.
TikTok filed after the deadline. The panel therefore imposed an administrative fine of Rp 15 billion, payable to the state treasury within 30 days after the decision attains permanent legal force.
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A TikTok spokesperson said the company respects the process and decision. "We respect the process and decision of KPPU. We are reviewing the decision and discussing our next steps," the spokesperson told Investortrust.id, adding that the company remains committed to fair competition.
KPPU emphasized that timely merger notification is central to market oversight and to maintaining fair competition as Indonesia’s digital economy expands.
The transaction involved Tokopedia as an e-commerce company and a special-purpose TikTok entity formed to execute the deal. Following completion, TikTok held 75.01 percent of Tokopedia, while the remaining 24.99 percent stayed with PT GoTo Gojek Tokopedia Tbk. The structure marked TikTok’s re-entry into Indonesia’s e-commerce market while operationally separating social media from shopping services.
During the proceedings, TikTok acknowledged the late filing and did not contest the panel’s findings. The commission noted the company’s cooperation and the absence of prior violations as mitigating considerations in the judgment.
As global context, ByteDance, TikTok’s parent, has faced intensified scrutiny in the United States over data control and ownership structure. While U.S. arrangements continue to evolve, the heightened oversight underscores how major jurisdictions are converging on stricter governance of large platforms, a backdrop that reinforces KPPU’s stance at home.