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Increasing number of China technology firms boost local tech ecosystem

SMU Professor of Strategic Management Toru Yoshikawa felt that in spite of the Chinese government's push to prioritise domestic consumption, the companies will continue to head for Singapore. "Not only do Chinese tech companies need to consider their current development, but also to look at the longer-term plan in the next five or 10 years," he said. "They may have accelerated their expansion in their domestic market but at the end of day, they must go overseas and become a global company. This is a far-sighted approach and also an inevitable path."