TikTok will invest more than 12 billion euros in Europe over the next 10 years

Vn-Z.vn December 4, 2023, according to official information from TikTok, TikTok announced that it will invest more than 12 billion euros in Europe in the next 10 years. Tiktok's plan will be to implement a project called "Project Clover" that will provide European users with "industry-leading" data protection.



Tiktok-Q32021.jpg



TikTok announced a total investment capital of 12 billion euros will be used in the following areas:


Three data centers are located in EU countries and regions
British cybersecurity company NCC was hired to audit and monitor data
Further enhance user data and privacy protection technology


According to the report, one of the three data centers is located in the Hamar region of Norway and the remaining two are located in Ireland. Before the investment was announced, the data center in Norway had begun its first phase of operations. The first of three separate buildings at the center was delivered this week and servers are currently being installed and tested with the aim of starting to migrate user data next summer. The center's two other buildings are expected to be operational in the second half of next year, and data migration is expected to begin by the end of 2024. Once completed, this will be a large data center most in Europe.


In addition, a data center in Dublin, Ireland was also put into operation and began storing user data earlier this year.


TikTok also said that with great scale comes great responsibility and they want users to trust TikTok to handle their data.
 
Top Bottom