Tencent to mitigate setbacks in US, India with new regional hub in Singapore, analysts say

  • Internet giant Tencent’s move to Singapore follows that of TikTok owner ByteDance, which plans to invest billions of dollars in the city state
  • Tencent expects to meet demand for internet-based services in Singapore and across Southeast Asia

Tencent Holdings’ move to Singapore and a renewed focus on Southeast Asia have come after the company found itself caught in the middle of geopolitical tensions between Beijing and Washington. Photo: AP
Chinese internet giant Tencent Holdings is expected to mitigate its recent setbacks in the United States and India, according to analysts, with the opening of a new office in Singapore, a move designed to broaden its operations across Southeast Asia.

Establishing a new regional hub in Singapore is “a choice for Tencent to mitigate risks” amid trade restrictions in the US and India, said Shawn Yang, Shenzhen-based managing director of Blue Lotus Capital Advisors.

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