The founders are Chinese citizens, and pressure was applied to the founders personally. Thus Singapore was given room to save face re: sovereignty.
The company itself was based in mainland China less than 12 months ago.
The sinophobia in this thread is ridiculous. Whether you agree or disagree with what China is doing, nothing is happening that wouldn't also happen in the US.
You don't need to anthropomorphize anything.
Since you mentioned Nintendo, do you think the many criticisms(fair or otherwise) against Nintendo and their games are due to Japanophobia?
I think its fairly clear that, when talking bad about China, they are focusing on its goverment, not its people nor ethnicities.