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China's Tencent expands in SE Asia amid US, India tensions
by Staff Writers
Singapore (AFP) Sept 15, 2020

Chinese tech giant Tencent said Tuesday it was opening a new Singapore office to serve as a Southeast Asia hub, as the firm reels from setbacks in the US and India.

The firm is the latest Chinese tech leader to expand in the region of 650 million with a rapidly growing middle class, and using the city-state as a base.

Tencent announced the new office in a statement, and said it was "expanding its business presence in Singapore to support our growing business in Southeast Asia and beyond".

The company, which already has offices in Malaysia, Thailand and Indonesia, said it was recruiting for various positions.

Bloomberg News, citing anonymous sources, reported the company's plans for establishing a regional hub in Singapore had been accelerated by geopolitical tensions.

In the US, President Donald Trump has announced a ban from mid-September on Tencent's social media platform WeChat, as well as TikTok, which is owned by Chinese tech giant ByteDance.

India has banned scores of Chinese apps, including Tencent's hit games PUBG Mobile and Arena of Valor, after troops engaged in a series of clashes at the neighbours' disputed Himalayan border.

Other firms looking to bolster their presence in the city-state include ByteDance, which plans to spend billions of dollars to expand its presence there, while Alibaba is in talks to invest in Singapore-based ride-hailing firm Grab, Bloomberg reported.

Many international companies have chosen to base their regional headquarters in Singapore, and observers believe instability in long-time rival Hong Kong could give it a boost in attracting firms.

Leaders in Singapore, which is majority ethnic Chinese, have been careful to maintain good ties with both the US and China.

mba/sr/dan

Tencent

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ByteDance in talks with US to avoid selling TikTok: report
San Francisco (AFP) Sept 9, 2020
Chinese internet giant ByteDance is in talks with the US about ways it might avoid having to sell its TikTok operations here, the Wall Street Journal reported Wednesday. TikTok has been at the center of a diplomatic storm between Washington and Beijing, and President Donald Trump gave Americans a deadline to stop doing business with TikTok's Chinese parent company ByteDance - effectively compelling a sale of the app to a US company. Walmart has joined forces with Microsoft in negotiations to bu ... read more

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