ByteDance-owned TikTok will invest 126.8 billion baht ($3.76 billion) in a data hosting service in Thailand, the country’s Board of Investment (BOI) announced on Wednesday.

The investment, made through TikTok’s Singapore-based unit, aims to support affiliated companies. Operations are set to begin in 2026. It is part of $5 billion in newly approved projects.

TikTok has not yet responded to requests for confirmation.

The move aligns with global tech firms’ efforts to expand data centre infrastructure in Thailand, Southeast Asia’s second-largest economy. Alphabet Inc’s Google announced a $1 billion investment last year, following Amazon Web Services’ $5 billion pledge over 15 years. Microsoft has also committed to opening its first regional data center in the country.

BOI Secretary-General Narit Therdsteerasukdi said TikTok’s investment would strengthen Thailand’s digital and AI infrastructure, reinforcing its ambition to become a regional technology hub.