This article only represents the author's own views.
Today we detour from our usual China fare to examine a trend that could quickly gain traction due to an increasingly difficult business climate for internet companies in China. That trend has seen a growing number of Chinese entrepreneurs pack their bags for Singapore, which is nearby geographically and has many cultural ties to China due to its large ethnic Chinese population. And equally important, the city state is far friendlier to companies from a range of realms, such as the internet, crypto trading and finance.
In a major move on that front, Asia Innovations Group Ltd. announced at the end of last week it would make a backdoor listing in New York using a special purpose acquisition company (SPAC) called Magnum Opus Acquisition Ltd. (OPA.US).