TikTok, the popular video-sharing app owned by ByteDance, has unveiled plans to invest$8.8 billion in building data centres in Thailand over the next five years. The announcement was made by Helena Lersch, TikTok's Vice President of Public Policy, during an event held in Bangkok on Friday. This investment marks a significant move as the company continues to expand its operations in the region.

The specific details of the investment remain unclear, particularly whether it includes a$3.8 billion agreement that was announced by Thailand's investment board last month. The government's investment board had previously detailed a deal aimed at boosting digital infrastructure in the country, but TikTok did not provide further clarification on the connection between the two.

This move highlights TikTok's growing commitment to the Thai market and its broader strategy of increasing local data storage capabilities. As part of its ongoing efforts to expand its global presence, the company is investing in infrastructure to better serve its user base and meet regulatory requirements in key markets.