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When Singapore-based firms clash with Chinese regulators
Singapore’s strategy to attract deep tech firms remains vulnerable to a big country turning the screws on tech flows.
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Companies such as Manus and Shein remain subject to Chinese oversight even after moving their headquarters to Singapore.
PHOTOS: MANUS AI/FACEBOOK, REUTERS, AFP
Michael Wade
When fast-fashion giant Shein moved its headquarters to Singapore in 2022, the shift was widely seen as an attempt to distance the company from rising US-China tensions.
The group presented itself as Singapore-based as it prepared for stock market listings in New York and later London. But those plans stalled after it failed to secure approval from Chinese securities regulators.
