China’s company Tencent said into a statement they will open a new office in Singapore. They were chosen Singapore as the bridgehead for Asia, joining rivals Alibaba Group Holding Ltd and Byte-Dance Ltd. In the race to strengthen their presence closer to home after setbacks in the United States and India. Tencent picks Singapore as Asia hub after PUBG Mobile ban in India
The Management of China’s largest social media and gaming company had been discussing Singapore as a potential regional hub and geopolitical tensions accelerated.
Its plans, according to people Tencent has been considering the shift of some business operations including international game publishing out of its home country. Approximate 650 million people growing familiar with smartphones a key battleground. President Donald Trump has banned US entities from dealing with Tencent We-Chat’s super-app from September 20, while company hit games PUBG Mobile and Arena of Valour are banned in India.
China’s company Tencent said in a statement that it will open a new office in Singapore to growing businesses in Southeast Asia and beyond”. In addition to current ones in Malaysia, Indonesia, and Thailand.
This is about recruiting for various positions, including technology and business development, the company said, without giving details. According to its recruitment site, Tencent currently has dozens of job openings in Singapore for companies such as cross-border commerce, cloud computing.
The Singapore city-state of fewer than 6 million people has been careful not to take sides in the deadlock between the world’s two superpowers, with Prime Minister of Singapore Lee Hsien Loong pledging last year to remain “good friends with the United States and China.
Last week a news report publishes about chine’s company Byte dance it says that “Tik-Tok owner Byte-Dance plans to spend billions of dollars and add hundreds of jobs in Singapore over the next three years. It also applied for a digital banking license from the city-state central bank, alongside Ant Group, backed by Alibaba and Sea Ltd., backed by Tencent. Alibaba has shelled out $ 4 billion to take full control of the Singapore-based regional e-commerce platform Lazada, which aims to serve 300 million people in Southeast Asia by 2030.
In the month of May, Alibaba has reached an agreement to buy half of the AXA tower in Singapore to around $ 1.2 billion, underscoring. The Company ambition to expand into the market. The largest Chinese company is in talks to invest $ 3 billion in Singapore-based racing giant Grab Holdings Inc.
South Korea’s PUBG Corporation, has withdrawn the Chinese company’s publishing rights for PUBG Mobile in India after the country banned the popular mobile shooter alongside more than a hundred Chinese-made apps amid border clashes.
United States President Mr. Trump has given an order, meanwhile, prohibits unspecified transactions with We-Chat and its operator Tencent, and the Commerce Department has yet to determine whether gaming activities will be banned by the 20th of September.
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