TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms

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TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. The spokesman declined to give further details as he confirmed the plan revealed to Reuters by two sources familiar with the matter.

Finland’s Prime Minister’s office did not immediately respond to a request for comment.

TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access…



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TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms


TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. The spokesman declined to give further details as he confirmed the plan revealed to Reuters by two sources familiar with the matter.

Finland’s Prime Minister’s office did not immediately respond to a request for comment.

TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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