Tencent Chooses Singapore as Southeast Asia Hub Amid Setbacks in US, India

Chinese tech large Tencent mentioned Tuesday it was opening a brand new Singapore workplace to serve as a Southeast Asia hub, as the agency reels from setbacks in the US and India.

The agency is the most recent Chinese tech chief to develop in the area of 650 million with a quickly rising center class, and utilizing the city-state as a base. 

Tencent introduced the brand new workplace in a press release, and mentioned it was “expanding its business presence in Singapore to support our growing business in Southeast Asia and beyond”.

The firm, which already has workplaces in Malaysia, Thailand and Indonesia, mentioned it was recruiting for numerous positions.

Bloomberg News, citing nameless sources, reported the corporate’s plans for establishing a regional hub in Singapore had been accelerated by geopolitical tensions.

In the US, President Donald Trump has introduced a ban from mid-September on Tencent’s social media platform WeChat, as effectively as TikTok, which is owned by Chinese tech large ByteDance

India has banned scores of Chinese apps, together with Tencent’s hit video games PUBG Mobile and Arena of Valor, after troops engaged in a collection of clashes on the neighbours’ disputed Himalayan border.

Other companies seeking to bolster their presence in the city-state embody ByteDance, which plans to spend billions of {dollars} to develop its presence there, whereas Alibaba is in talks to speculate in Singapore-based ride-hailing agency Grab, Bloomberg reported. 

Many worldwide corporations have chosen to base their regional headquarters in Singapore, and observers consider instability in long-time rival Hong Kong may give it a lift in attracting companies.

Leaders in Singapore, which is majority ethnic Chinese, have been cautious to keep up good ties with each the US and China.

Should the federal government clarify why Chinese apps have been banned? We mentioned this on Orbital, our weekly know-how podcast, which you’ll be able to subscribe to by way of Apple Podcasts, Google Podcasts, or RSS, obtain the episode, or simply hit the play button beneath.

We will be happy to hear your thoughts

Leave a Reply

Reset Password