The Business Competition Supervisory Commission (KPPU) held its initial hearing to follow up on allegations of delayed notification regarding the acquisition of PT Tokopedia’s shares by TikTok Nusantara (SG) Pte. Ltd. The session, conducted on Tuesday, July 22, 2025, forms part of a Comprehensive Assessment on potential violations of Article 29 of Law No. 5 of 1999.

Presided over by Chief Commissioner Rhido Jusmadi, along with members M. Noor Rofieq and M. Fanshurullah Asa, the hearing began with KPPU’s investigators presenting the Alleged Violation Report (LDP). The report claimed that TikTok was 88 business days late in submitting the required notification for its acquisition of Tokopedia.

Earlier, KPPU had conditionally approved the TikTok–Tokopedia acquisition on June 17, 2025. Through this deal, TikTok secured a 75.01% stake in Tokopedia, while the remaining 24.99% remained with PT GoTo Gojek Tokopedia Tbk.

This acquisition marked TikTok’s re-entry into Indonesia’s e-commerce market by collaborating with Tokopedia, and separating its e-commerce operations from its social media platform.

The legal effective date of the share acquisition was set on January 31, 2024, meaning the deadline for notification to KPPU was 30 business days later, on March 19, 2024.

Although a notification was received on the due date, it was not submitted by the acquiring party itself (TikTok). Consequently, on August 7, 2024, the Commission invalidated the notification.

Since TikTok failed to notify KPPU officially by the deadline, an investigation was initiated on August 8, 2024.

Based on Article 46 paragraph 5 letter (a) of KPPU Regulation No. 3/2023, the duration of the delay is calculated from 30 business days after the legal effective date of the acquisition up to the start of the investigation, in cases where no notification was submitted.

Thus, investigators concluded that the delay lasted 88 business days and allegedly violated Article 29 of Law No. 5 of 1999 in conjunction with Article 55 of Government Regulation No. 57 of 2010.

The hearing then proceeded to the next agenda, which involved the Examination of Completeness and Accuracy of Evidence in the form of documents and/or letters supporting the Alleged Violation Report. The trial will continue on August 5, 2025, with a session dedicated to the Business Actor’s Response to the Alleged Violation Report.