TikTok to invest $8.8 bln in Thailand
TikTok plans to invest $8.8 billion in Thailand over the next five years, focusing on digital infrastructure development, human resources training and online safety initiatives.
The investment includes training programmes for businesses and creators, anti-fraud campaigns, and a new data hosting service to enhance local cloud capabilities. Photo courtesy of businesslive.co.za.
The information was announced after a meeting between representatives of TikTok and the Thai government.
Helena Lersch, TikTok’s vice president of public policy, met Thai Prime Minister Paetongtarn Shinawatra in Bangkok on Friday to discuss the expansion.
Thai PM Paetongtarn hailed the investment, considering this a big opportunity for digital infrastructure and AI development in Thailand.
The investment includes training programs for businesses and creators, anti-fraud campaigns, and a new data hosting service to enhance local cloud capabilities.
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