30 years of Spore-China ties

S'pore - the launch pad for Chinese business in South-east Asia

Two weeks ago, Tencent, China's Internet and gaming behemoth, announced it was creating a regional hub in Singapore to tap the fast-growing South-east Asia market. The news came on the heels of other Chinese tech giants setting up bigger shops in the Republic, as they face push-back in the US, India and other countries.

ByteDance, the parent company of video-sharing app TikTok, was reported by Bloomberg to be planning to invest billions of dollars and generate hundreds of jobs in Singapore over the next three years. And Alibaba has sunk at least $5 billion into buying Lazada, which it claims has become South-east Asia's top e-commerce platform based on average monthly Web visits.

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A version of this article appeared in the print edition of The Straits Times on October 03, 2020, with the headline 'S'pore - the launch pad for Chinese business in S-E Asia'. Print Edition | Subscribe