New Delhi, April 8 -- 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.

The short-form video company detailed this new 1 billion euro expenditure for a facility in Lahti, southern Finland, featuring an initial 50-megawatt (MW) capacity with a scalable ceiling of 128 MW.

The investment is part of the compan...