BANGKOK – ByteDance’s TikTok will invest 126.8 billion baht (S$5 billion) in a data hosting service in Thailand, with operations set to begin in 2026, the Thai Board of Investment (BOI) announced on Jan 29. The investment, made through TikTok’s Singapore-based unit, aims to support affiliated companies and enhance Thailand’s digital and AI infrastructure.
The move aligns with a broader trend of tech giants expanding into Thailand. Google announced a US$1 billion investment in 2024, following Amazon Web Services’ US$5 billion commitment over 15 years. Microsoft is also set to open its first regional data center in the country.
BOI secretary-general Narit Therdsteerasukdi highlighted that TikTok’s investment brings Thailand closer to becoming a regional technology hub.