When TikTok needed an e-commerce partner in Indonesia, Tokopedia was an obvious candidate for the vast network of warehouses, motorbikes and “sprinters” it uses.
When the government effectively forced TikTok to shut down its Shop feature, the company quickly struck an unusual deal with a local company to bring it back.
Despite the risks of investing at a volatile time, investors see the recent stock rally as a rare opportunity to make money when China’s economy is sluggish.