US Markets

TikTok to open first European data centre in Ireland

Credit: REUTERS/Florence Lo

Popular short-video app TikTok, owned by China's ByteDance, said on Thursday it plans to open its first European data centre in Ireland with an investment of about 420 million euros ($499 million).

STOCKHOLM, Aug 6 (Reuters) - Popular short-video app TikTok, owned by China's ByteDance, said on Thursday it plans to open its first European data centre in Ireland with an investment of about 420 million euros ($499 million).

Under fire from U.S. President Donald Trump over national security risks, TikTok is in talks with Microsoft MSFT.O about selling its U.S. operations. Trump said he will ban the service in the United States on Sept. 15 if there was no sale.

The data centre in Ireland will create hundreds of new jobs, enable faster loading time and safely store European user data, Roland Cloutier, global chief information security officer of TikTok, wrote in a blog post.

"This data centre signals our long-term commitment to Ireland and we expect the data centre to open and be operational by early 2022," Cloutier said.

Ireland is one of Europe's biggest hubs for data centres and hosts operations for major technology companies such as Amazon AMZN.O, Facebook FB.O and Alphabet Inc's GOOGL.O Google.

ByteDance said on Monday it was considering moving TikTok's headquarters overseas, following a British media report that the unit could relocate to London.

($1 = 0.8420 euros)

(Reporting by Supantha Mukherjee in Stockholm and Padraic Halpin in Dublin. Editing by Carmel Crimmins)

((supantha.mukherjee@thomsonreuters.com; +46 8 502 423 84; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MSFT AMZN FB GOOGL

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More