The plan entails spinning off a U.S. entity for TikTok and diluting Chinese ownership in the new business to below the 20% threshold required by U.S. law.

U.S. private equity groups have invested billions in data centers serving TikTok owner ByteDance, Kaye Wiggins, Eleanor Olcott, Owen Walker, and Demetri Sevastopulo of The Financial Times reports.

BANGKOK (Reuters) - ByteDance's TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok's Vice President of Public Policy, said on Friday at an event in ...

Data center leasing capacity in the U.S. tripled in 2020 with Microsoft, Facebook and Bytedance (TikTok) leasing the most from multi-tenant data center operators. Multi-tenant data center ...

South Korea has accused Chinese AI startup DeepSeek of sharing user data with the owner of TikTok in China. "We confirmed DeepSeek communicating with ByteDance," the South Korean data protection ...

BANGKOK, Feb 28 (Reuters) - ByteDance's TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok's Vice President of Public Policy, said on Friday at an ...