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Chinese Tech Giant Tencent Is Reportedly Setting Up Its First S'pore Office At JustCo In CBD

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Again in September, Chinese language tech large Tencent Holdings confirmed that it will likely be setting up an office in Singapore.

The Straits Times reported at present (16 October) that it will likely be occupying virtually 200 seats at JustCo co-working house in OCBC Centre East at Raffles Place, in keeping with sources aware of this matter.

It isn’t clear when Tencent is slated to maneuver in, however the lease will apparently run for a 12 months.

Spanning 10,000 sq. ft, it will likely be its first workplace in Singapore because it units its eyes on increasing into the remainder of Southeast Asia and past.

In addition to Singapore, Tencent already has workplaces in Malaysia, Indonesia and Thailand within the area.

Tencent has already been hiring for various positions in Singapore, together with cross-border commerce, cloud computing and e-sports.

Chinese language Corporations Making Its Method Into S’pore

Singapore has been attracting regular consideration as a regional base for each Western and Chinese language firms.

For one, fellow Chinese language tech large Bytedance — the mother or father firm of fashionable video app TikTok — confirmed yesterday that it’s moving into a bigger office in Singapore.

Bytedance additionally stated that it’s planning to spend a number of billions of dollars and add lots of of jobs in Singapore over the following three years.

It has additionally utilized for a digital financial institution licence in Singapore, alongside Alibaba-backed Ant Group and Tencent-backed Sea Ltd.

In the meantime, Alibaba has invested US$four billion to take full management of Singapore-based e-commerce firm Lazada.

In Could, Alibaba additionally purchased a 50 per cent stake in Singapore’s AXA Tower, valued at round US$1.2 billion.

Featured Picture Credit score: CoinDesk

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