ByteDance’s TikTok announced a major investment plan during an event in Bangkok on Friday, revealing that the popular social media platform will invest $8.8 billion in data centres across Thailand over the next five years.
Helena Lersch, TikTok’s Vice President of Public Policy, detailed the ambitious initiative aimed at enhancing the platform’s regional infrastructure and supporting Thailand’s digital economy.
It remains unclear whether this $8.8 billion investment includes the separate $3.8 billion agreement that Thailand’s investment board announced last month. Officials have yet to confirm any linkage between the two deals.
This substantial investment underscores TikTok’s commitment to expanding its technological footprint in Southeast Asia as the company seeks to bolster its data processing capabilities and ensure compliance with local data protection regulations.
As Thailand continues to position itself as a regional digital hub, TikTok’s planned investment is expected to create new opportunities for collaboration between the tech giant and local stakeholders, further integrating Thailand into the global digital ecosystem.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of February, covering the latest developments you need to know.
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