China's Tencent picks Singapore as Asia hub

Tuesday 15 September 2020 | 21:32 CET | News

Tencent Holdings picked Singapore as its beachhead in Asia after US and India bans, writes Straitstimes.com citing the company. The company's move is similar to the strategy of rivals Alibaba Group Holding and TikTok's owner ByteDance of increasingly turning to South-east Asia in the face of growing hostility from the US and other major markets. 

Tencent said in a statement that it will open a new office in Singapore to support its growing business in South-east Asia and beyond, in addition to existing ones in Malaysia, Indonesia and Thailand. It's recruiting for various positions including tech and business development, the company said. At present, Tencent has dozens of job openings in Singapore for businesses including cross-border commerce, cloud computing and e-sports, according to its hiring site.

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Categories: Internet
Companies: Alibaba / Tencent / TikTok
Countries: Asia / Singapore
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