The Indonesian government has decided to close TikTok Shop in Indonesia due to concerns from offline retailers about decreasing sales. The closure impacts thousands of sellers who relied on TikTok Shop as a business platform. President Joko Widodo stated that social media platforms should only function as social media, not as economic platforms, and the government is working on regulations to govern e-commerce through social media. Sellers previously using TikTok Shop will have to find alternative sales platforms and may face lost revenue and business disruption during the transition.
The Indonesian government has decided to close TikTok Shop in Indonesia due to concerns from offline retailers about decreasing sales. The closure impacts thousands of sellers who relied on TikTok Shop as a business platform. President Joko Widodo stated that social media platforms should only function as social media, not as economic platforms, and the government is working on regulations to govern e-commerce through social media. Sellers previously using TikTok Shop will have to find alternative sales platforms and may face lost revenue and business disruption during the transition.
The Indonesian government has decided to close TikTok Shop in Indonesia due to concerns from offline retailers about decreasing sales. The closure impacts thousands of sellers who relied on TikTok Shop as a business platform. President Joko Widodo stated that social media platforms should only function as social media, not as economic platforms, and the government is working on regulations to govern e-commerce through social media. Sellers previously using TikTok Shop will have to find alternative sales platforms and may face lost revenue and business disruption during the transition.
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2. The function of the editor in the newspaper?
- Read newspaper and correct spelling, punctuation and grammar errors. - Rewrite the text to make easier for readers to understand the meaning of newspaper - Develop story ideas according to publication style and editorial policies In essence, newspaper editors plan, coordinate, revise material for publication in newspapers, magazines, etc. the editor monitors story ideas that readers are interested in. an editor can perform all editorial duties. 3. Make news report comprising 500 words The inauguration of the TikTok Shop is closed. TikTok officially stopped operating the TikTok Shop in Indonesia Wednesday, October 4 2023, at 17.00. The closure of the TikTok shop was not without reason. This happened due to concerns about offline traders such as Tanah Abang who felt that there was little interest from buyers, so buyers switched to online. The governments heard this concern, but that does not mean that the government made the decision to close all e-commerce. What the government is doing is so that MSMEs can develop, industry grows, shops are busy, those who work can work, profits can pay taxes. There the country can develop, it can go abroad to export. If trade doesn't sell, the industry closes, that's a problem. That's why the government regulates it so that imported goods don't get flooded, we regulate it so that imports don't get flooded. The government's main priority is to respect and comply with the regulations and laws that apply in Indonesia. Thus, the government will no longer facilitate e-commerce transactions within TikTok Shop Indonesia. The government has regulated permits for switching to e-commerce in line with the emergence of a ban on social media becoming e-commerce. These rules apply to domestic and foreign business actors. Sellers can take advantage of the live streaming feature in e-commerce. So they can still sell live as they have been doing at the TikTok Shop. Or you can also switch to Shope, Lazada, Tokopedia and other commerce that has permits. President Joko Widodo (Jokowi) also commented on the TikTok Shop phenomenon. According to him, social media like TikTok should play a role according to permission. Therefore, currently the government through the Ministry of Trade (Kemendag) is working on regulations that will regulate TikTok Shop et al. Jokowi said that the impact of e-commerce businesses such as TikTok Shop had caused sales and production in micro, small and medium businesses and conventional markets to plummet. The President believes that TikTok should only act as social media, not as a media economy. Due to price competition in e-commerce, the President emphasized that the Government through the Ministry of Trade has prepared regulations to control electronic commerce or social media-based e- commerce. The closure of TikTok Shop is a major blow to thousands of sellers who have relied on the platform to run their businesses. As is known, from public figures to ordinary people, many people sell on the TikTok Shop. In fact, according to TikTok Indonesia, there are 6 million local sellers and almost 7 affiliate creators. This means that quite a lot of Indonesian people depend on this social commerce platform for their fate. There are three significant impacts that will be felt by business actors in the TikTok Shop: 1. Significant Loss of Revenue. Sellers active on TikTok Shop have probably built their business over the years on the platform. These sudden closures mean the loss of a significant source of income, and many will struggle to survive. 2. Facing Uncertainty. The closure of the TikTok Shop creates uncertainty about the future of their business. Sellers may have to look for alternative platforms or new business strategies, which require extra time and effort. 3. Shifting Capital and Resources. These closures could force sellers to shift their capital and resources to other platforms or channels, which could disrupt the continuity of their business.
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