Singapore a popular base for China tech firms

In the second of a six-part BT-Lianhe Zaobao series on China capital flows to Asean, we look at the trend of China tech firms setting up their regional headquarters in Singapore

Published Mon, May 24, 2021 · 05:50 AM

China

Singapore

FOUR years ago, when Derek Wang, general manager of Alibaba Cloud arrived in Singapore, he was among the company's first employees to be posted overseas, and only one of a handful of top executives from a China tech company to be posted here.

But these days, he meets more and more of his industry peers from China here.

"I think it has become a trend for China tech companies to head overseas," said Dr Wang, in an interview with Lianhe Zaobao. "They are all heading to Singapore and South-east Asia, and expanding is always a good thing."

According to data from Singapore's Economic Development Board, more than 80 of the world's top 100 software and services companies…