After U.S. and India ban, Tencent selects Singapore as the Asia Hub

Tencent Holdings has picked Singapore as its base for Asia, joining rivals Alibaba Group Holding and ByteDance in the race to build up their presence closer to home after setbacks in the U.S. and India.

Tencent said in a statement that it will open a new office in Singapore to support its growing business in South-east Asia and beyond, in addition to existing ones in Malaysia, Indonesia and Thailand. It’s recruiting for various positions including tech and business development, the company said. At present, Tencent has dozens of job openings in Singapore for businesses including cross-border commerce, cloud computing and e-sports, according to its hiring site.

China’s tech behemoths are increasingly turning to South-east Asia in the face of growing hostility from the US and other major markets, setting up the region – with its 650 million increasingly smartphone-savvy population – as a key battleground.

US President Donald Trump has banned US entities from dealing with Tencent’s super-app WeChat from Sept 20, while the company’s hit games PUBG Mobile and Arena of Valor are banned in India.

Tencent said in a statement that it will open a new office in Singapore to “support our growing business in South-east Asia and beyond”, in addition to current ones in Malaysia, Indonesia, and Thailand. It is recruiting for various positions including tech and business development, the company said, without offering details.

It’s recruiting for various positions including tech and business development, the company said, without offering details. Tencent currently has dozens of job openings in Singapore for businesses including cross-border commerce, cloud computing and esports, according to its hiring site.

Singapore in particular is attracting attention as a regional base for both Western and Chinese corporations because of its advanced financial and legal system, and as Beijing tightens its grip on the city of Hong Kong. The city-state of under 6 million people has been careful not to take sides in the standoff between the world’s two superpowers, with Prime Minister Lee Hsien Loong pledging last year to remain “good friends” with both the U.S. and China.