Technology

TikTok owner ByteDance to invest billions in Singapore over three years

TikTok owner ByteDance to invest billions in Singapore over three years

TikTok owner ByteDance plans to invest billions of dollars and recruit hundreds of employees in Singapore after opting to base its Southeast Asia regional headquarters there, a person familiar with the matter said. ByteDance has also stepped up the purchase of servers in global trade and transport hub Singapore to back up U.S. data as a contingency, the source told Reuters on Friday, adding that it began the three-year plan in 2019.

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