33.4 C
Singapore
Friday, October 22, 2021
Home Business Singapore is Set to Become the “Silicon Valley of Asia”

Singapore is Set to Become the “Silicon Valley of Asia”

With Tencent, ByteDance and Alibaba’s plan of adding regional hubs in Singapore, the city-state is set to become the Silicon Valley of Asia, providing hundreds of jobs over the next three years. 

These companies are expected to join tech giants such as Facebook, Google Amazon, Stripe, Salesforce and Grab that have already placed headquarters and major operations, including engineering and R&D centers, in the lion city. 

While this will help the city’s ecosystem by providing more resources and funding opportunities, this would also result in startups competing more aggressively for fresh talents. On a brighter note, the presence of global tech giants and Singapore’s unicorns like Grab and Sea is also expected to bring more exit opportunities for startups. 

Full details on:

https://techcrunch.com/2020/12/14/singapore-is-poised-to-become-asias-silicon-valley/

Most Popular

Entrepreneur Talk – Mr. Clarence Khoh

Passion, Perseverance and Dedication - These are the top three skills Mr. Clarence Khoh of Talent-Merge Pte Ltd believes one should possess to achieve...

List of 15 NFT Use Cases That Could Go Mainstream

Non-fungible tokens or simply NFTs are here and they have gone mainstream at full speed. Just only a year ago, NFTS specifically art and...

Multimedia Messaging Service (MMS) to End After Mid-November

Multimedia messaging service (MMS) will no longer be offered by telcos in Singapore after the middle of November of this year. When this happens, ...

Singapore Deploys Robots to Deter Poor Social Behaviour

Singapore has started rolling out robots to patrol public areas with high foot traffic and deter undesirable social behaviours. For a three-week trial period...