ByteDance's TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok's Vice President of Public Policy, said on Friday at an event in Bangkok.
The social media platform owned by China's ByteDance is the latest in a string of big tech names to announce major spending projects in the kingdom, after Amazon, Google and Microsoft.
TikTok plans to invest $8.8B in data centers across Thailand over the next five years, Helena Lersch, TikTok's Vice President of Public Policy, confirmed during an event in Bangkok. However, it remains unclear whether this investment includes a previously announced $3.
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TikTok will invest $8.8 billion in data centers in Thailand over the next five years. As reported by Reuters, the company's VP of public policy Helena Lersch announced the investment commitment at an event in Bangkok on February 28.
TikTok plans to invest approximately 300 billion baht in Thailand to transform the country into an ASEAN technology hub.
There will also be a citywide crackdown to ensure robust enforcement of the new regulations. Read more at straitstimes.com.
The investment includes training programmes for businesses and creators, anti-fraud campaigns, and a new data hosting service to enhance local cloud capabilities.
ByteDance's TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok's Vice President of Public Policy, said on Friday at an event in Bangkok. It was not immediately clear if the investment included a $3.
A TikTok user who posted a video on it thanked the cabin crew for their quick action in putting out the fire. Read more at straitstimes.com.
The social media platform owned by China's ByteDance is the latest in a string of big tech names to announce major spending projects in the kingdom, after Amazon, Google and Microsoft.