TikTok to Invest $8.8 Billion in Thailand Over Five Years

LOIC VENANCE / AFP

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

The social media platform owned by China’s ByteDance is the latest in a string of big tech names to announce major spending projects in the kingdom, after Amazon, Google and Microsoft.

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by Agence France-Presse

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