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TikTok to invest $1.27 billion yearly in European data centres
The capital expenditure is part of Project Clover, a program focused on creating an enclave for European TikTok user data, respecting the continent’s stringent data protection laws.
By João Marques Lima
Founder and Editor, The Tech Capital
4 Mins
March 09, 2023 | 2:30 PM GMT
Chinese social media app TikTok has unveiled plans to expand its data centre capacity in Europe both in Ireland and Norway in a yearly investment worth US$1.27 billion.
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João Marques Lima
Founder and Editor, The Tech Capital
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