September 11 - 11:09
ByteDance to invest billions in Singapore
ByteDance will strengthen its position in Singapore with billions of dollars of new investment, according to reports. The TikTok owner moved its Southeast Asia headquarters to the city-state last year. It will now employee "hundreds" of new workers, and buy servers to back up data it stores in the United States. The firm is selling TikTok's U.S. assets following threats of a ban in the country.
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