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

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

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

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.Tencent’s move to Singapore and a…

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By | 2020-09-16T11:52:19+00:00 September 16th, 2020|Technology|Comments Off on Tencent to mitigate setbacks in US, India with new regional hub in Singapore, analysts say