The owner of the popular short video app TikTok, ByteDance, plans to invest billions of dollars. It also want to recruit hundreds of employees in Singapore. This recruitment is over the next three years, reported from Reuters on Friday (11/09).
However, the rumor about the company’s plan to set up a new data center in Singapore is not true. Beijing-based company has increased its purchase of cloud computing servers in Singapore as an anticipation of US data.
TikTok had transferred some of its engineers to Singapore from China since the beginning of this year.
TikTok want to make Singapore as a leading place for the Asian region as part of its global expansion.
Bloomberg previously reported that ByteDance plans to make Singapore as a leading place for the Asian region as part of its global expansion. The news was first reported by Bloomberg on Friday morning.
ByteDance gave the investment because Trump forced it to sell TikTok assets. Trump believed that TikTok cited a potential national security risk due to the large amount of personal data the app collects on US consumers.
According to a Bloomberg report on Thursday, the company is likely to miss the deadline on September 20. This deadline was imposed by US President Donald Trump for asset sales, as new Chinese regulations have complicated deal with bidders Microsoft (NASDAQ: MSFT) Corp. MSFT.O and Oracle (NYSE) : ORCL) Corp ORCL.N.