ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital expenditures in 2025, with a substantial portion of the funds being directed toward ...

TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, ...

The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres ... peers, ByteDance has created overseas counterparts ...

ByteDance is going all in on AI ... $5.5 billion for AI chips in China and another $6.8 billion to build up its overseas AI muscle, mainly using Nvidia (NASDAQ:NVDA) chips. But with U.S. export ...

A little over two weeks ago, a largely unknown China-based company named DeepSeek stunned the AI world with the release of an ...

The overseas ... to the report. ByteDance is by far the largest client for Nvidia in China. The company can only buy less advanced chips, such as Nvidia’s H20, for Chinese data centers, a ...

ByteDance plans to spend 40 billion yuan ($5.50 billion) to acquire AI chips in China in 2025, the report said, adding that the company will invest about $6.8 billion overseas to ramp up its ...

TikTok-owner ByteDance is set to invest $614 million in developing a new data center in Datong, China. First reported by the South China Morning Post (SCMP), the company is looking to increase compute ...