BANGKOK (Reuters) – ByteDance’s TikTok will invest 126.8 billion baht ($3.76 billion) in a data hosting service in Thailand, the country’s investment board said on Wednesday.
The investment was among $5 billion of approved new projects announced by Thailand’s Board of Investment. It said the TikTok investment would support activities of affiliated companies.
($1 = 33.7200 baht)
(Reporting by Chayut Setboonsarng, Editing by Martin Petty)
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