TikTok has announced an investment of over 300 billion baht (approximately 8.8 billion USD) in Thailand within 5 years. They will establish a Data Hosting center to enhance data storage efficiency, increase cybersecurity, and support platform expansion in the region.
Aside from this, TikTok is gearing up to invest in AI technology, data analysis, digital content production, and developing the skills of the Thai workforce to compete in the global digital labor market. They will collaborate with educational institutions and the government.
Furthermore, they are set to promote Thai businesses, especially supporting Small and Medium Enterprises (SMEs) and entrepreneurs to generate income from content and product sales. They will also assist in combating fake news and online scams, educating the public on online threats to help Thai people safely navigate the internet.
This investment aligns with the Thai government’s policy to develop Thailand as a digital hub in ASEAN, boosting the Thai economy, creating numerous tech-related jobs, and facilitating easier access for Thai businesses to international markets. The government is fully supportive of TikTok’s investment efforts.
TLDR: TikTok plans a substantial investment in Thailand to enhance data storage, cybersecurity, digital skills, and support local businesses, in line with the government’s digital development agenda.
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