In September, the Chinese technology giant Tencent Holdings confirmed the establishment of an office in Singapore.
The Straits Times reported today (October 16) that it will occupy nearly 200 seats in the JustCo common room at OCBC Center East on Raffles Place, according to sources familiar with the matter.
It's not clear when Tencent will move in, but the lease appears to be for a year.
Covering 10,000 square feet, it will be his first Singapore office as it is geared towards expanding into the rest of Southeast Asia and beyond.
In addition to Singapore, Tencent already has offices in Malaysia, Indonesia and Thailand in the region.
Tencent has already hired a variety of positions in Singapore including cross-border commerce, cloud computing and esports.
Chinese companies are making their way into the S & # 39; pore
Singapore has drawn steady attention as a regional base for both Western and Chinese companies.
For one, Chinese tech giant Bytedance – the parent company of the popular TikTok video app – confirmed yesterday that it is moving to a larger office in Singapore.
Bytedance also said it plans to spend billions of dollars and create hundreds of jobs in Singapore over the next three years.
In addition to Alibaba-supported Ant Group and Tencent-supported Sea Ltd. a digital banking license was applied for in Singapore.
Alibaba has now invested $ 4 billion to take full control of Singapore-based e-commerce company Lazada.
In May, Alibaba also bought a 50 percent stake in the AXA Tower in Singapore valued at around $ 1.2 billion.
Selected image source: CoinDesk