Chinese-owned video platform TikTok pledged to spend $8.8 billion in data center hosting services in Thailand over the next five years, more than doubling an earlier investment target for the Southeast Asian nation.

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.

TikTok plans to invest US$8.8 billion in Thailand over the next five years, focusing on digital infrastructure, workforce development and online safety initiatives, a senior executive said.

ByteDance's TikTok commits $8.8B for data centers in Thailand over 5 years, joining other tech giants like Amazon, Google, and Microsoft in investing in the country's growing AI infrastructure.

ByteDances TikTok plans to invest $8.8 billion in data centers in Thailand over the next five years, according to Helena Lersch, TikToks Vice President of Public Policy. The announcement was made at an event in Bangkok

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.

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.

Chinese-owned video platform TikTok has announced plans to invest $8.8 billion in artificial intelligence (AI) data centers across Thailand over the next five years, more than doubling its initial investment commitment.