Reported 12 months ago
Chinese AI startups, like Tabcut, are relocating from China to Singapore in search of better access to global investors, customers, and cutting-edge technologies. The move allows them to avoid US trade sanctions on China and reduce scrutiny from political opponents of China, such as the US. Singapore's business-friendly environment and government support, including financial backing and technical assistance, make it an attractive destination for AI startups looking to go global. While some Chinese AI companies remain in China to benefit from government backing, those seeking international expansion find Singapore more conducive for growth.
Source: YAHOO