TikTok, owned by ByteDance Ltd., has entered into a significant agreement to invest $1.5 billion in a joint venture with Indonesia's GoTo Group. As part of this deal, TikTok will acquire 75.01% of GoTo's PT Tokopedia for $840 million. This strategic move involves integrating TikTok Shop's Indonesia business into the expanded entity, marking TikTok's return to the...
throughout its movement, the JCI has been positive by moving away from support at 6752, closing also well at the 6800 level. today JCI will test resistance 6858 to 6911 with support at 6752 and 6683. the market has left the support range 6509 - 6752, after the crash from the fall of GOTO, which impacted to several stocks, both bigcaps stocks to second tier stocks.
#GOTO previously strengthened after reaching support at 183, but this time it seems unable to stem further decline. And now it has also breakout downtrend channel with a price target of 100. wait until it starts to approach 100 to consider a buy entry
Wednesday, 10 August 2022 11:57 AM (WIB) TOKOPEDIA Founded in 2009, Tokopedia as a technology company aims to achieve economic equality digitally by connecting sellers with consumers in Indonesia. With more than 270 million people spread over 17,000 islands, creating equal access to various products and services is a challenge in Indonesia. In addition,...