ByteDance plans to invest US$2.1 billion to build a regional AI center in Malaysia

  On June 7, Malaysian Minister of Trade and Industry Zafro announced on social media that ByteDance planned to invest 10 billion ringgit (about 2.1 billion US dollars) in Malaysia to establish a regional artificial intelligence center.
At the same time, ByteDance also plans to invest an additional 1.5 billion ringgit to expand its existing data center facilities in Johor, Malaysia.
Zaffru stated that ByteDance's additional investment will help Malaysia achieve its goal of increasing the proportion of digital economy to GDP to 22.6% by 2025.