Sources Momentum Works & Tabcut (TikTok Shop GMV: Indonesia US$13.1bn, SEA US$45.6bn, global US$64.3bn; livestream share; top categories) · Magpie IQ & Cube Asia (Indonesia tracked-GMV share 23.1%→37.8%→32.4%, +66% in 2025) · KPPU, Reuters, CNN, Rest of World, MoT Regulation 31/2023 (the 2023 ban and TikTok's ~US$1.5bn Tokopedia acquisition) · Statista, Involve Asia, MomentIQ (beauty dominance, live conversion, creator affiliates) · Vitrine analysis · May 2026