20240201_GOTO_Laporan Informasi dan Fakta Material_31573766_lamp1.pdf

significant milestone in our commitment to contribute to Indonesia, its MSMEs and the growth of
its digital economy alongside GoTo as a partner.”

As previously announced, TikTok has committed to invest over US$1.5bn in the enlarged entity
over time, to provide future funding required by the business, without additional dilution to GoTo.
GoTo benefits from the growth of the enlarged entity and remains an ecosystem partner to
Tokopedia, through its digital financial services via GoTo Financial and on-demand services via
Gojek. GoTo also receives an ongoing revenue stream in the form of an e-commerce service fee
from Tokopedia commensurate with its scale and growth making the agreement cash generative
for the group as it continues to focus on its long term profitability.

The partnership commenced with the Beli Lokal campaign last December, which has supported
thousands of Indonesian merchants and has resulted in an increase in their sales of 125% during
the campaign period1. A recent survey of participating merchants2, found that 97% have felt
benefits from the collaboration between TikTok and Tokopedia, while 90% reported an increase
in income as a result of the Beli Lokal campaign. A majority also increased the number of people
that they employ since the collaboration began.

As part of a commitment to support the development of Indonesia's digital talent, TikTok has also
worked with GoTo and Gadjah Mada University to partner in the establishment of the GoTo x
TikTok x UGM Technology Center - a digital talent development center at UGM's Innovation and
Creativity Gallery. The partnership will facilitate an internship and employee exchange program,
through which participants can grow their skills by being assigned to different TikTok offices
around the world.

Furthermore, TikTok and Tokopedia have initiated an MSME empowerment program through the
#MelokalDenganBatik campaign, involving hundreds of local batik entrepreneurs in Solo and
Yogyakarta. This initiative aims to support small businesses by providing them with production
support technology, including advanced production tools, insights on trends and inventory
management.

These initiatives are part of a broader strategy to transform Indonesia’s e-commerce sector,
creating millions of new job opportunities over the next five years, particularly in the MSME
sector.

Goldman Sachs acted as the financial advisor to GoTo Group on this transaction.



1
  Internal aggregated data from Tokopedia and TikTok merchants participating in Beli Lokal campaign compared to
September 2023
2
   Survei: Omzet UMKM Shop | Tokopedia Tumbuh Berkat Kerja Sama TikTok - Tokopedia


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About GoTo Group
GoTo is the largest digital ecosystem in Indonesia. GoTo's mission is to ‘empower progress' by offering
technology infrastructure and solutions that help everyone to access and thrive in the digital economy. The
GoTo ecosystem provides a wide range of services including mobility, food delivery, groceries and logistics,
as well as payments, financial services, and technology solutions for merchants. The ecosystem also
provides e-commerce services through Tokopedia and banking services through its partnership with Bank
Jago.

About TikTok
TikTok is the leading destination for short-form mobile video. Our mission is to inspire creativity and bring
joy. TikTok's global headquarters are in Los Angeles and Singapore, and its offices include New York,
London, Dublin, Paris, Berlin, Dubai, Jakarta, Seoul, and Tokyo.

Media Contacts
GoTo Group: Corporate Affairs (corporate.affairs@gotocompany.com)
TikTok: Arlene Junita (arlene.junita@bytedance.com) & Margaretha Nazhesda (mnazhesda@hoffman.com)




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