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BANGKOK: TikTok plans to invest US$8.8 billion in Thailand over the next five years, focusing on digital infrastructure, workforce development and online safety initiatives, a senior executive said on Friday (Feb 28) after talks with the government.

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.

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.

ByteDances TikTok plans to invest $8.8 billion in data centers in Thailand over the next five years, according to Helena Lersch, TikToks Vice President of Public Policy. The announcement was made at an event in Bangkok

TikTok plans to invest $8.8B in data centers across Thailand over the next five years, Helena Lersch, TikTok's Vice President of Public Policy, confirmed during an event in Bangkok. However, it remains unclear whether this investment includes a previously announced $3.