Bye Bye China 🇨🇳 | Tencent Moving Base Out Of China After India, U.S. Sanctions

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Published on September 16, 2020 10:57:05 AM ● Video Link: https://www.youtube.com/watch?v=sLGKoy8Afpg

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Chinese gaming and social media group Tencent said on Tuesday (Sep 15) it will open a new office in Singapore that will be its regional hub for Southeast Asia.

The new hub comes on the heels of a planned expansion by TikTok owner ByteDance and investment by Alibaba as firms look to deepen their exposure to fast-growing Southeast Asia - home to about 650 million people.

Singapore has also gained fresh appeal as a base for Chinese corporate operations, benefiting from the political tensions that have rocked rival hub Hong Kong and growing distrust of China in the United States and other parts of the world.

Tencent will develop a full-scale comprehensive hub in Singapore that will house its international game publishing business, said a source with knowledge of the matter, who was not authorised to speak to media and declined to be identified.

Read More
https://www.channelnewsasia.com/news/business/tencent-singapore-new-office-south-east-asia-13111558

More Articles

1. https://www.insidesport.co/pubg-ban-tencent-to-set-up-a-regional-hub-in-singapore-are-they-trying-for-india-comeback/
2. https://www.bangkokpost.com/business/1985699/chinas-tencent-to-open-se-asia-regional-hub-in-singapore
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