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.
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