Internet giant Tencent’s move to Singapore follows that of TikTok owner ByteDance, which plans to invest billions of dollars in the city state. Tencent expects to meet demand for Internet-based services in Singapore and across South-East Asia. — SCMP
Chinese Internet giant Tencent Holdings is expected to mitigate its recent setbacks in the United States and India, according to analysts, with the opening of a new office in Singapore, a move designed to broaden its operations across South-East Asia.
Establishing a new regional hub in Singapore is “a choice for Tencent to mitigate risks” amid trade restrictions in the US and India, said Shawn Yang, Shenzhen-based managing director of Blue Lotus Capital Advisors.
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