Tencent Holdings has picked Singapore as its beachhead for Asia, joining rivals Alibaba Group Holding and ByteDance in the race to build up their presence closer to home after setbacks in the US and India.Management at 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 familiar with the matter.Tencent has been considering the shift of some business operations – including…
from South China Morning Post https://www.scmp.com/tech/policy/article/3101542/tencent-said-join-rivals-alibaba-bytedance-picking-singapore-asia-hub
Tuesday, September 15, 2020
Tencent said to join rivals Alibaba, ByteDance in picking Singapore as Asia hub after India, US bans
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