Amazon to Take Office Space From Citigroup in Singapore
- Tech giant’s move comes as Chinese rivals expand in the city
- Citigroup is among banks assessing post-virus work life
The Citigroup Inc. logo is displayed atop Tower 1 of Asia Square in Singapore.
Photographer: Munshi Ahmed/BloombergThis article is for subscribers only.
Amazon Inc. is planning to take over some of Citigroup Inc.’s office space in Singapore at a time when a number of the e-commerce giant’s Chinese tech rivals expand in the city state.
The online retail giant will lease three floors covering about 90,000 square feet (8,360 square meters) at Asia Square Tower 1 in the heart of the financial district, according to people with knowledge of the plans. Staff will move into the new offices early next year, the people said, asking not to be identified because the plans aren’t public.