(Bloomberg)-Tiktok has pledged the Chinese-owned video platform to spend 8.8 billion dollars in the data center hosting in Thailand over the next five years, more than twice the goal of the previous investment of the nation of Southeast Asia.
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On Friday, the Vice President of Public Policy Helena Lersche told Prime Minister Bitongonn Shinwatra in Bangkok on Friday, that the service by TEDADADECE LTD. The most valuable is the infrastructure mode to support local users, including about 50 million on Tiktok alone. Details of the details about the planned investment did not explain.
The pledge follows the government’s circle registration on the Tiktok plan to invest $ 3.8 billion in the country, which has a country, which has 70 million people. Thailand is among the Southeast Asian countries that attract investment from global technology companies such as Microsoft Corp. And Nvidia Corp. And Apple Inc. And all seeks to take advantage of the capabilities of the region with a quick number.
The company said in a statement that the Tiktok investment “is a step towards more topical and effective operations that will enable us to serve our users and customers in Thailand and Southeast Asia.” “This development will also enhance the digital competitiveness in Thailand and its goal of becoming a leading technical center in Southeast Asia.”
With the base of prosperous users and more than three million merchants, Thailand is an important market for Tiktok in Southeast Asia, the company said. She said that the platform will continue to work with the Thai government and local partners as part of its long -term commitment to investing in the country.
Paetongtarn said on X.
In 2024, investment pledges in Thailand increased by 35 % from the previous year to 1.14 trillion dull (33.3 billion dollars), the highest level since 2014. The government targets new proposals worth at least 1 trillion pace this year.
(Updates with TIKTOK comments in the fourth paragraph. A previous version for showing investment was corrected is to build data hosting services.)
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