Comment by some_random
15 hours ago
Chinese company has an issue being a Chinese company for international legal or optics reasons, relocates to Singapore while still being controlled by Chinese nationals or all-but-Chinese-Nationals. Bytedance is a great example. Russian companies do the same thing with Switzerland, see Kaspersky.
They could just as well relocate to California for that matter.
The question is are they still controlled by the PRC. China doesn't allow dual citizenship (like other Asian countries), so people might legitimately want to work abroad while keeping their native passport.
Yes but also no, being in the US is a meaningful exposure in a way that a Singapore HQ isn't