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.