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Bytedance to invest billions, recruit hundreds in Singapore in 3 years - source

Reuters | Updated: 11-09-2020 10:04 IST | Created: 11-09-2020 09:42 IST
Bytedance to invest billions, recruit hundreds in Singapore in 3 years - source
File photo Image Credit: Twitter (@BytedanceTalk)

ByteDance, the owner of popular short-video app TikTok, is planning to invest billions of dollars and recruit hundreds of employees in Singapore over the next three years, a person familiar with the matter told Reuters. The Beijing-based company is purchasing more cloud-computing servers in Singapore to backup U.S. data for contingency, the source added.

ByteDance declined to comment when contacted by Reuters.



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