Tiktok completed a deal in Jan 2024 to buy 75.01% of Tokopedia Read more at The Business Times.

TikTok is fined 0.11% of the total deal amount. Deal amount is US$840 million, fine amount is S$1.15 million. With 1 USD = 1.29 SGD, the fine is only 0.11% of the deal amount. That’s just cost of doing business: it will not deter future violation.