What challenges does TikTok face in the context of its operations in the US?
TikTok Owner to Spend Billions in Singapore After U.S. Ban
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ByteDance, the Beijing-based company, is planning a significant expansion in Singapore, aiming to establish it as a key hub for its operations in Asia and globally. This move comes amid geopolitical tensions, particularly with the US. ByteDance has applied for a digital license in Singapore and plans to invest billions over several years, creating numerous job opportunities. Singapore's educated, tech-savvy, and multilingual workforce makes it an attractive location for tech firms. This expansion could boost investor sentiment in Singapore, despite the underperformance of its index in 2020.
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What factors make Singapore attractive to tech firms according to the text?
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