Banking News

Tencent To Set Up Regional Hub in Singapore

Tencent To Set Up Regional Hub in Singapore

(16 September 2020 – Singapore) Chinese gaming and social media group Tencent is planning to open a new office in Singapore, which will be its regional hub for Southeast Asia, despite recent app bans in India and United States.

"The new office is a strategic addition to our current offices in Malaysia, Indonesia and Thailand," the company said in a statement. “The Singapore office will also enable us to capture potential from the rapid pace of digitization and meet the demand for internet-based services and solutions in Singapore.”

The company had been discussing Singapore as a potential regional hub, and geopolitical tensions accelerated its plans. Tencent has been considering the shift of some business operations - including international game publishing - out of its home country.

Listings on LinkedIn showed Tencent job openings in Singapore, with positions including data scientists, business development managers, operations managers and data analysts. 

Chinese tech giants are increasingly turning to Singapore, setting up Southeast Asia as a key battleground.

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