Chinese-Owned Video App Plans Major Investment in Thailand’s Tech Infrastructure
TikTok has unveiled a strategic investment plan amounting to approximately 300 billion baht in Thailand over the next five years. This initiative aims to position the country as a leading technology hub within the ASEAN region.
The commitment was made during a meeting in Bangkok where company officials expressed appreciation for the Thai government’s support in facilitating investment and operations within the nation.
As part of this investment, TikTok aims to strengthen Thailand’s technology infrastructure, including the establishment of a local data hosting center. This development is expected to enhance data management for users in both Thailand and Southeast Asia while positioning the country as a regional tech powerhouse.
Government representatives highlighted the importance of improving media literacy, with discussions focusing on combating fake news and online fraud. TikTok has pledged to collaborate with the government on content monitoring and campaigns to promote digital literacy to mitigate online threats and protect consumers.
Such collaboration underscores a significant advancement in public-private partnerships within the digital economy, contributing to Thailand’s economic growth.
The Thai government expressed gratitude for TikTok’s initiative to establish a data hosting center and recognized the platform’s role in driving engagement for Thai products via its e-commerce functionalities.
Additionally, TikTok’s commitment to showcasing Thai culture and tourism presents new opportunities for local entrepreneurs and content creators to access global markets.
With over 50 million users in Thailand, TikTok boasts more than 3 million accounts utilizing its e-commerce features. The platform has also created over 1,000 job opportunities for Thai nationals.
The prime minister acknowledged TikTok’s success in connecting individuals and fostering creativity, reinforcing its role as a vital contributor to the nation’s economy beyond mere entertainment.
