TikTok to invest $3.8bn in Thailand data centre

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TikTok will invest 127 billion baht ($3.8 billion) in Thailand in a data hosting service, the Board of Investment said on Wednesday.

The board also approved a 3.25-billion-baht project by Siam AI Corporation, a Thai cloud partner of the US chip designer Nvidia, to set up services focusing on artificial intelligence applications.

A TikTok display at the recent World Economic Forum in Davos, Switzerland, touted the video and commerce site’s global reach.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaSingaporeSwitzerland

Topics: Year Announced Invest Billion Data Thailand Tiktok Baht Global Centre Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 17:40:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25603696

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

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Publication Timezone: GMT +8:00

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Publisher ID: #66

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