FILE PHOTO: TikTok logo is pictured on the U.S. headquarters of the social media company in Culver City, California, U.S. January 18, 2025. REUTERS/Fred Greaves/File Photo
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.
