China is rewiring its global supply chains — here's why [CNBC]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: CNBC
As of early 2026, Chinese companies are increasingly basing operations in Singapore, with their share of fixed-asset investment commitments rising to 20.6% in 2025. Driven by trade tensions and the need to serve Southeast Asia, firms are setting up regional headquarters, AI labs, and R&D centers in the city-state. Companies like ByteDance, Tencent, Alibaba and Shein are using Singapore to access capital, talent and fast-growing regional markets. The shift reflects a broader evolution from “China Plus One” to a more complex “China Plus Many” strategy — where supply chains are spread across Asia, but coordinated from a central hub. Singapore has emerged as that hub: a strategic node connecting China to markets like Vietnam and Malaysia, and serving as a base for finance, logistics and regional expansion. For information on CNBC's CONVERGE LIVE event which takes place in Singapore 22-23 April 2026, visit: www.cnbc.com/converge-live/
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