TikTok will park ~$3.8B for data hosting

TikTok to invest $3.8 bln in Thailand data hosting project, investment board says
ByteDance's TikTok will invest 126.8 billion baht ($3.76 billion) in Thailand in a data hosting service, the Thai investment board said on Wednesday.
TikTok to invest $3.8bn in Thai data hosting service
TikTok Pte. Ltd, the Singaporean unit of China's ByteDance, is set to invest $3.8 billion in "data hosting services" in Thailand.
TikTok will park ~$3.8B for data hosting in Thailand
TikTok, owned by ByteDance (BDNCE), is set to invest approximately $3.76 billion (126.8 billion baht) in a data hosting project in Thailand, according to the country's investment board. This investment aligns with TikTok's ongoing efforts to expand its operations and improve its technological capabilities,
TikTok to invest $3.8bn in Thailand data centre
TikTok will invest 127 billion baht ($3.8 billion) in Thailand in a data hosting service, the Board of Investment said on Wednesday.
TikTok Gets Nod to Invest $3.8 Billion in Thailand Data Project
Social media platform TikTok won Thai government approval to invest $3.8 billion in data hosting services, as the Southeast Asian country pushes to become a hub for data centers and cloud services. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave.
Thailand aims to become digital hub with TikTok's $3.8 billion data center investment
Social media platform TikTok won Thai government approval to invest $3.8 billion in data hosting services, as the Southeast Asian country pushes to become a hub for data centers and cloud services, Azernews reports,
Thai Investment Board Approves $5 Billion of Investments, Including TikTok Project
The Thailand Board of Investment said on Wednesday that it has approved investment incentives for projects valued at 170.5 billion baht, equivalent to about $5.03 billion.
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TikTok Pte. Ltd., the Singapore-based unit of the Chinese company, received approval for a 126.8 billion baht investment in data hosting services to support the activities of affiliated companies, with operations expected to start in 2026. TikTok has over 1 billion users around the world.
TikTok to invest $3.8 billion in Thailand data hosting project, investment board says
ByteDance's TikTok will invest 126.8 billion baht ($3.76 billion) in Thailand in a data hosting service, the Thai investment board said on Wednesday. The Chinese firm's investment was made by its Singapore-based unit and would support activities of affiliated companies,
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TikTok Pte Ltd will support the activities of affiliated companies through its Thai digital infrastructure project.
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