Energy News  
INTERNET SPACE
China's Tencent expands in SE Asia amid US, India tensions
by Staff Writers
Singapore (AFP) Sept 15, 2020

Chinese tech giant Tencent said Tuesday it was opening a new Singapore office to serve as a Southeast Asia hub, as the firm reels from setbacks in the US and India.

The firm is the latest Chinese tech leader to expand in the region of 650 million with a rapidly growing middle class, and using the city-state as a base.

Tencent announced the new office in a statement, and said it was "expanding its business presence in Singapore to support our growing business in Southeast Asia and beyond".

The company, which already has offices in Malaysia, Thailand and Indonesia, said it was recruiting for various positions.

Bloomberg News, citing anonymous sources, reported the company's plans for establishing a regional hub in Singapore had been accelerated by geopolitical tensions.

In the US, President Donald Trump has announced a ban from mid-September on Tencent's social media platform WeChat, as well as TikTok, which is owned by Chinese tech giant ByteDance.

India has banned scores of Chinese apps, including Tencent's hit games PUBG Mobile and Arena of Valor, after troops engaged in a series of clashes at the neighbours' disputed Himalayan border.

Other firms looking to bolster their presence in the city-state include ByteDance, which plans to spend billions of dollars to expand its presence there, while Alibaba is in talks to invest in Singapore-based ride-hailing firm Grab, Bloomberg reported.

Many international companies have chosen to base their regional headquarters in Singapore, and observers believe instability in long-time rival Hong Kong could give it a boost in attracting firms.

Leaders in Singapore, which is majority ethnic Chinese, have been careful to maintain good ties with both the US and China.

mba/sr/dan

Tencent

Alibaba


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
ByteDance in talks with US to avoid selling TikTok: report
San Francisco (AFP) Sept 9, 2020
Chinese internet giant ByteDance is in talks with the US about ways it might avoid having to sell its TikTok operations here, the Wall Street Journal reported Wednesday. TikTok has been at the center of a diplomatic storm between Washington and Beijing, and President Donald Trump gave Americans a deadline to stop doing business with TikTok's Chinese parent company ByteDance - effectively compelling a sale of the app to a US company. Walmart has joined forces with Microsoft in negotiations to bu ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
China launches new optical remote-sensing satellite

Momentus awarded NASA TROPICS Pathfinder mission

ESA launches small Belgian satellite carrying VTT's remote sensing technology into space

NASA 'eyes' arrival of new NOAA weather satellite's 1st instrument

INTERNET SPACE
Tech combo is a real game-changer for farming

Launch of Russia's Glonass-K satellite postponed until October

GPS 3 receives operational acceptance

Air Force navigation technology satellite passes critical design review

INTERNET SPACE
CO2 makes trees live fast and die young: study

Brazil funding flip-flop triggers alarm; Protesters end roadblock

Toronto seeks to save oak tree older than Canada

Brazil military plane flew illegal Amazon miners: prosecutors

INTERNET SPACE
Cascades with carbon dioxide

Chemistry's Feng Lin Lab is splitting water molecules for a renewable energy future

Making more of methane

Can sunlight convert emissions into useful materials?

INTERNET SPACE
Development of photovoltaics that can be applied like paint for real-life application

Researchers develop molecule to store solar energy

New understanding of electrolyte additives will improve dye-sensitised solar cells

Raptor Maps Raises $5M for its Solar Lifecycle Management Software

INTERNET SPACE
Offshore wind power now so cheap it could pay money back to consumers

Trust me if you can

Ingeteam's advanced simulation models to ease wind power grid integration

Magnora ASA and Kustvind AB accelerate development of 500 MW offshore wind project in southern Sweden

INTERNET SPACE
German villagers take coal fight to highest court

Britain rejects new coal mine on environmental grounds

Fight over future of UK coal as last big mine shuts

BHP signals shift away from coal as profits dip

INTERNET SPACE
Families fear for Hong Kong 'speedboat fugitives' in China custody

Australia rejects Chinese claim reporters evaded the law

Australian spy agency targeted Chinese journalists: Beijing

China says Australian TV anchor detained on 'national security' grounds









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.