TikTok plans second billion-dollar data centre in Finland in move to store European user data locally

TikTok intends to allocate one billion euros ($1.16 billion) toward constructing a second data centre in Finland within the next year, reinforcing its strategy to store European user data locally, reported Reuters, citing executives.

The move follows parent company ByteDance successfully averting a US ban in January regarding data security, while European regulators simultaneously intensify scrutiny on social media platforms concerning child safety and addictive algorithmic designs.