Chinese tech giant Tencent said on Tuesday that it will open a new Singapore office as a hub for Southeast Asia while experiencing setbacks in the United States and India.
The company is China’s latest technology leader, with a rapidly growing middle class and based in this city-state, expanding in an area of 650 million.
In a statement, Tencent announced the new office and stated that it “is expanding its business in Singapore to support our growing business in Southeast Asia and other regions.”
The company already has offices in Malaysia, Thailand and Indonesia, and the company says it is hiring for various positions.
Bloomberg News quoted anonymous sources as reporting that due to geopolitical tensions, the company’s plan to establish a regional hub in Singapore has been accelerated.
In the United States, President Donald Trump announced that Tencent’s social media platform WeChat and TikTok, which is owned by Chinese technology giant ByteDance, will be banned in mid-September.
After a series of conflicts between the military over the disputed Himalayan border in neighboring countries, India banned dozens of Chinese apps, including Tencent’s popular games PUBG Mobile and Arena of Courage.
According to Bloomberg News, other companies hoping to increase its presence in the city-state include ByteDance, which plans to spend billions of dollars to expand its business in Singapore, while Alibaba is negotiating to invest in Singapore’s ride-hailing company Grab.
Many international companies choose to locate their regional headquarters in Singapore, and observers believe that the turmoil in long-term rival Hong Kong may attract it to attract companies.
Singapore’s leaders are of Chinese descent, and they have been careful to maintain good relations with the United States and China.
Should the government explain why Chinese applications are banned? We discussed this on the weekly technical podcast Orbital, you can subscribe via Apple Podcast, Google Podcast or RSS, download the episode, or click the play button below.