If you’re an avid gamer, you probably already know about Tencent.
And if you didn’t then where have you been for the last few years?
They’re a gaming and social media group that also happens to back and subsidise some of the largest games in the world.
Oh, and they also own Riot Games, the creators behind League of Legends, no biggie.
Not to mention, the company developed WeChat, a Chinese multi-purpose messaging, social media and mobile payment app.
They’ll also be a lot closer to Singapore in the not-so-distant future in a rather…physical sense.
Local Headquarters
According to CNA, Tencent announced on 15 Sept that it would open a new office in Singapore
And it’s not just any old office but its regional hub for Southeast Asia.
If you head over to LinkedIn, you can actually find job openings from Tencent in Singapore already!
These include positions for data scientists, business development managers, operations managers and data analysts.
And apparently, this has been in a long time coming.
An article by Straits Times mentioned that the gaming giant has been considering the shift of some business operations out of its home country.
Tencent also said in a statement that to the new Singapore office was to “support our growing business in South-east Asia and beyond.”
Other offices in the region include Malaysia, Indonesia and Thailand.
While most of its activities are run from its Shenzhen headquarters, the company apparently stores some user data in Singapore.
Banned Apps
The company has had it a bit rough recently.
Despite stepping into the South-east Asia market, India has recently banned over 118 Chinese apps.
Apparently, these Chinese Apps promoted activities “prejudicial to the sovereignty and integrity of India”.
In fact, South Korea’s PlayerUnknown’s Battlegrounds (PUBG) has withdrawn the Chinese company’s publishing rights for PUBG Mobile in India.
Tencent said its apps complied with India’s data protection laws and that it would engage with local authorities to clarify its policies.
To add to this, Donald Trump has also banned transactions with several Chinese companies last month as well.
Along with Tencent, ByteDance, the owner company of TikTok, has been banned as well.
According to Tencent’s chief technical officer, this ban was focused on WeChat Apps in the US and would not affect other WeChat businesses elsewhere.
It’s also no surprise then that ByteDance is planning to spend several billion dollars and add hundreds of jobs in Singapore over the next three years.
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