Bytedance's TikTok to invest $8.8 billion in Thailand data centres, official says

FILE PHOTO: A view of Europe's largest data centre of TikTok, a social media firm owned by China-headquartered Bytedance, in Hamar, Norway, November 30, 2023. REUTERS/Victoria Klesty/File Photo

BANGKOK (Reuters) - 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 $3.8 billion agreement announced last month by Thailand's investment board.

(Reporting by Panarat Thepgumpanat and Chayut Setboonsarng; Editing by John Mair)