TikTok parent ByteDance plans to set up international data centre in India
China-based ByteDance, the parent company of popular short video application TikTok , will set up a data centre in India, becoming one of the first social media companies to do so in the country, the company said in a statement shared exclusively with Business Standard. "India is one of our strongest markets and we are happy to be part of the mainframe of Digital India in 15 languages. Since the launch of our platforms in India, we have stored the data of our Indian users at industry-leading third party data centres in the US and Singapore...We now believe the time has come to take the next big leap," the statement read. The company has set an internal target of 6-18 months to set up the data centre, Business Standard has learnt. The plan is part of the $1 billion ByteDance has recently committed to the Indian market over the next three years. The move is also significant because of the Indian government's ongoing focus on data localisation, as well as the incr...