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.

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.

Thailand targets 3.5% economic growth with new stimulus plan Prime Minister Paetongtarn Shinawatra announced an economic stimulus plan on Monday, aiming to boost Thailand’s GDP growth to 3-3.5% this year.

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.

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.

The investment includes training programmes for businesses and creators, anti-fraud campaigns, and a new data hosting service to enhance local cloud capabilities.

TikTok plans to invest approximately 300 billion baht in Thailand to transform the country into an ASEAN technology hub.

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.

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.