Ok, Ok, OK, I did find one other Strategic Partner
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Posted On: 04/11/2024 8:16:58 PM
Ok, Ok, OK, I did find one other Strategic Partnership and it is a doozy.
If this shows anything, Tok not afraid to spend money and quickly. Less then 2 months from Strategic Partnership to Deal Closed. And GoTo barely positive on earnings.
Imagine if Tok bought a piece of VERB. The float would be churned a gazillion times.
GoTo and TikTok Enter Strategic E-commerce Partnership to Support Indonesian MSMEs - 11 DECEMBER 2023
https://www.gotocompany.com/en/news/press/got...sian-msmes
Did TikTok reach $1.5 billion joint venture with GoTo in Indonesia?
ByteDance Ltd.'s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia's GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Dec 11, 2023
https://www.bloomberg.com/news/articles/2023-...-with-goto
TikTok completes deal for Indonesia's top e-commerce platform - January 31, 2024
"In the same statement, GoTo said it achieved positive adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the final quarter of 2023, as targeted, though details on the amount will not be shared until March."
https://www.reuters.com/technology/tiktok-com...024-01-31/
btw: We don't know who bought into the most recent offering yet.
If this shows anything, Tok not afraid to spend money and quickly. Less then 2 months from Strategic Partnership to Deal Closed. And GoTo barely positive on earnings.
Imagine if Tok bought a piece of VERB. The float would be churned a gazillion times.
GoTo and TikTok Enter Strategic E-commerce Partnership to Support Indonesian MSMEs - 11 DECEMBER 2023
https://www.gotocompany.com/en/news/press/got...sian-msmes
Did TikTok reach $1.5 billion joint venture with GoTo in Indonesia?
ByteDance Ltd.'s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia's GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Dec 11, 2023
https://www.bloomberg.com/news/articles/2023-...-with-goto
TikTok completes deal for Indonesia's top e-commerce platform - January 31, 2024
"In the same statement, GoTo said it achieved positive adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the final quarter of 2023, as targeted, though details on the amount will not be shared until March."
https://www.reuters.com/technology/tiktok-com...024-01-31/
btw: We don't know who bought into the most recent offering yet.
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