Facing Pressure at Home, Chinese Tech Giants Expand in Singapore
Voice of America
Chinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets — but they may struggle to find talent in the city-state.
Messaging-and-gaming behemoth Tencent is opening a hub and TikTok owner ByteDance is on a hiring spree after establishing a regional headquarters, while e-commerce giant Alibaba is investing in property and recruiting. The tech firms are shifting their focus to booming Southeast Asian markets as authorities tighten the screws at home amid concerns about the platforms’ growing power. China’s regulators have launched a blitz on the sector, hitting several firms with heavy fines, and threatening to slice up massive companies whose reach now extends deep into the daily lives of ordinary Chinese.Palestinians gather at the site of an Israeli strike on a camp for internally displaced people in Rafah on May 27, 2024. Fire rages following an Israeli strike on an area designated for displaced Palestinians, amid the ongoing conflict between Israel and Hamas, in Rafah in the southern Gaza Strip, in this still picture taken from a video, May 26, 2024. Palestinians gather at the site of an Israeli strike on a camp for internally displaced people in Rafah on May 27, 2024. A member of the bomb squad of the Israeli police collects debris after a rocket fired by Palestinian militants struck in the Israeli city of Herzliya on May 26, 2024.