BANGKOK (Reuters) - 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, with operations slated to begin in 2026, Thailand's Board of Investment said. It was among $5 billion of approved new projects announced on Wednesday.
TikTok did not immediately respond to a Reuters request for confirmation.
The move comes as several tech giants plan data centres in the country, Southeast Asia's second-biggest economy.
Last year, Alphabet Inc's Google said it would invest $1 billion in Thailand, a year after Amazon Web Services announced a $5 billion investment in the country over 15 years. Microsoft has also announced it will open its first regional data centre in Thailand.
TikTok's plans "mark a significant step in enhancing Thailand's digital and AI infrastructure," said BOI secretary-general Narit Therdsteerasukdi, adding it helped bring the country closer to goal of becoming a regional hub.
($1 = 33.7200 baht)
(Reporting by Chayut Setboonsarng, Editing by Martin Petty)
