BANGKOK – ByteDance’s TikTok will invest 126.8 billion baht (S$5 billion) in Thailand in a data hosting service, the Thai investment board said on Jan 29.

At the time, India was TikTok’s biggest foreign market outside of China, with 200 million users. (For comparison, the U.S.

Donald Trump has extended the deadline on the TikTok ban by 75 days but is now pushing for 50 percent U.S. ownership—an unlikely scenario.