Arabian Post Staff -Dubai UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan was represented at the Eurasia Economic Forum 2026 in Astana by Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, as Abu Dhabi moved to strengthen commercial links with a region central to new supply chains, logistics corridors and investment flows. The forum, held on May 28 and 29 alongside the Supreme […]
Acer has unveiled the Predator Atlas 8, a Windows 11 handheld gaming PC powered by Intel’s new Arc G-Series processors, marking a deeper push by the PC maker into a fast-expanding portable gaming market dominated by premium devices and performance-focused chip platforms. The device, announced for Computex 2026, will be offered with Intel Arc G3 and Arc G3 Extreme processor options, paired with Intel Arc B370 or […]
The unit sits under the president’s office and is evaluating AI start-ups globally, with long-serving executive Zhang Endong leading the effort. The move places investment activity closer to Sea’s top management at a time when the company is trying to convert its scale across Shopee, Garena and Monee into a stronger position in the next phase of consumer internet competition.
The new team is part of a wider internal reorganisation aimed at accelerating AI adoption across Sea’s businesses. Zhang is also involved in projects examining how the technology can be deployed inside the group, from product recommendations and seller tools to game development and financial services. A company spokesperson declined to comment on the investment unit.
The initiative follows a series of signals from chief executive Forrest Li that AI has become central to Sea’s long-term strategy. Li told investors last year that a trillion-dollar market capitalisation could be possible if the company doubled down on artificial intelligence and made the right calls. That ambition is now being tested against tougher operating conditions, heavier competition and investor scrutiny over margins.
Sea’s pivot comes as its core businesses remain sizeable but increasingly contested. Shopee continues to dominate e-commerce across South-east Asia, where price-led competition, live commerce, faster delivery expectations and merchant services have raised both growth potential and operating costs. Rivals including TikTok Shop, Lazada, Amazon and Rakuten are intensifying their own use of AI to personalise shopping, automate seller support and streamline logistics.
Artificial intelligence is already being built into Shopee’s customer and merchant systems. Its applications include recommendation engines, search improvements, advertising tools and seller assistance functions. The strategic logic is straightforward: more effective targeting can increase conversion, better seller tools can deepen merchant loyalty, and automated service functions can reduce costs across markets with different languages, payment habits and logistics infrastructure.
Sea has also expanded its partnership with Google to develop AI-powered tools across e-commerce and gaming. The companies are exploring an agentic shopping prototype for Shopee, designed to move beyond basic search and recommendation functions towards digital assistants capable of helping consumers complete tasks across the shopping journey. Garena is expected to use AI to improve game development productivity, an area where faster content cycles and lower development costs can carry significant commercial value.
Financial performance has given Sea room to invest, though not without pressure. First-quarter revenue rose 46.6 per cent year on year to US$7.1 billion, while gross profit increased 40.7 per cent to US$3.1 billion. Net income reached US$438.2 million, up 6.7 per cent, and adjusted EBITDA rose 9.3 per cent to US$1 billion. The figures showed continued momentum, but also reflected the cost of defending market share and expanding services.
Shopee delivered gross merchandise value of US$37.3 billion in the quarter, up 30.2 per cent from a year earlier, while gross orders climbed 29.3 per cent to 4 billion. Revenue from the e-commerce arm rose 45.1 per cent to US$5.1 billion, though adjusted EBITDA fell to US$223.2 million from US$264.4 million a year earlier, underlining the margin trade-off behind its expansion strategy.
Monee, Sea’s digital financial services unit, has become another pillar of growth. Revenue rose 57.8 per cent to US$1.2 billion, while consumer and small-business loans outstanding reached US$9.9 billion. Non-performing loans more than 90 days past due remained at 1.1 per cent, a key metric as the company expands credit services across emerging markets where risk controls are critical.
Garena, once Sea’s dominant profit engine, also showed stronger momentum. Bookings rose 20.1 per cent to US$931.4 million, while quarterly active users stood at 666.5 million. The unit remains anchored by Free Fire, but Sea’s AI push suggests management sees broader potential in development tools, content generation, player engagement and operational efficiency.
Sea’s AI Centre of Excellence in Singapore adds another layer to the strategy. The centre is intended to strengthen local AI capabilities, support enterprise adoption and develop talent in areas such as engineering, research and product development. Its launch aligns the company with Singapore’s broader ambition to become a regional AI hub and gives Sea a clearer institutional base for experimentation.
The investment team could give Sea access to external innovation at a time when start-ups are moving faster than large platforms in areas such as autonomous commerce, generative game design, fraud detection, credit scoring and AI-enabled logistics. The challenge will be distinguishing durable business models from inflated valuations in a crowded funding environment.
Investors will be watching whether Sea’s AI spending produces measurable gains in revenue growth, user engagement and margin improvement. The company has already shown that it can rebuild profitability after years of expansion-led losses. Its next test is whether AI can become more than an efficiency tool and help create the next major growth curve for one of South-east Asia’s most valuable technology groups.
Kuwait’s air defence systems intercepted hostile missile and drone threats aimed at its airspace early on Thursday, the Kuwaiti Army’s General Staff said, as the Gulf state moved to contain security risks from widening regional military tensions. The military said its systems were responding to a wave of missiles and unmanned aerial vehicles attempting to penetrate the country’s airspace. It did not identify the source of the […]
Brussels has warned that Europe’s aviation fuel market could tighten further within weeks if disruption around the Strait of Hormuz continues, raising the prospect of higher fuel costs, pressure on airline schedules and fresh strain across the bloc’s energy supply chain before the peak summer travel season. The warning, issued after meetings of the European Commission’s oil and gas coordination groups, marks a sharper assessment of the […]
Japan’s biggest automakers lost momentum in April as weaker demand in China, the Middle East and parts of the global export market pulled down combined sales, even as Suzuki delivered a sharp rise on the strength of demand in India. Eight major Japan-based carmakers sold 1,936,042 vehicles worldwide during the month, a 1.3% fall from a year earlier. The decline highlighted the uneven conditions facing an industry […]
Arabian Post Staff -Dubai Emirates NBD has extended its push to draw more retail investors into UAE equity markets by offering zero commissions on local share trading through ENBD X, its digital wealth platform, sharpening competition among banks and brokerages seeking a bigger role in the country’s expanding investment ecosystem. The initiative allows eligible customers to buy and sell shares listed on Dubai Financial Market, Abu Dhabi […]
Bitcoin’s key US demand gauge has stayed under pressure for much of 2026, reinforcing signs that large investors remain selective despite periods of price recovery and continued interest in spot exchange-traded funds. The Coinbase Premium Index, which tracks the price gap between Bitcoin on Coinbase’s dollar market and Binance’s global market, has struggled to hold positive territory since the start of the year. A weak or negative […]
Japan will restore Dubai crude as the benchmark for calculating petrol price subsidies from June 4, reversing a temporary shift to Brent after Middle East turmoil distorted the price of the crude grade most closely linked to the country’s oil imports. The Ministry of Economy, Trade and Industry said the change would improve the accuracy of subsidy calculations as Dubai crude prices had stabilised and the spread […]
HONG KONG SAR – Media OutReach Newswire – 29 May 2026 – To support small and medium-sized enterprises (SMEs) in expanding into international markets, the Hong Kong Productivity Council (HKPC) and DHL Express Hong Kong (DHL) will co-host the “Blueprint for Global Expansion: Market Entry, Logistics & Risk Management” Forum on 12 June.
Amid an increasingly complex and rapidly evolving global supply chain landscape, the forum will delve into market strategies, logistics optimization, and risk management —equipping local businesses with the insights needed to navigate challenges and capture opportunities in global trade. As the first SME-focused forum jointly launched by HKPC and DHL, the initiative marks the beginning of a series of collaborative efforts to share practical expertise and support businesses in strengthening their international presence.
From Data to Strategy: Addressing the Three Key Barriers for SMEs Going Global
According to the latest quarterly “DHL Hong Kong Air Trade Leading Index (DTI)” survey, commissioned by DHL and conducted by HKPC, the primary challenges faced by enterprises expanding overseas are: “Complex tariff and customs clearance procedures” (23%), “High logistics and delivery costs” (20%) and “lack of local sales channels/ business partners” (12%). Despite these hurdles, over 85% of air traders remain neutral or positive about overseas trade prospects. In terms of readiness, 68% of respondents reported moderate confidence, while a further 18% showed high confidence, indicating a pragmatic and risk-aware approach among businesses pursuing global expansion.
In light of these findings, the forum will address the three critical dimensions of market, logistics, and risk management, offering professional guidance and targeted resources to help SMEs formulate immediate and actionable go-global strategies.
Andy Chiang, Senior Vice President and Managing Director, DHL Express Hong Kong and Macau, said, “DHL has long been committed to supporting SMEs in navigating the complexities of international trade. Through our GoTrade programme, we provide practical tools and expertise to help businesses manage cross-border logistics and customs processes more effectively. Our collaboration with HKPC focuses on equipping SMEs with actionable insights and strengthening their operational capabilities for global expansion. We look forward to continuing our partnership to deliver knowledge-sharing and networking opportunities that empower businesses to grow internationally with confidence.”
Three Thematic Sessions: A Comprehensive Global Expansion Blueprint for SMEs
The forum is specifically designed to address the pain points identified in the survey, featuring three expert speakers offering targeted insights:
￮ Professor Roy Liang TAN, Practitioner Professor of Management and Business Strategy at the HKU Business School will provide an in-depth analysis of how to assess target market maturity, avoid common pitfalls, and leverage government funding schemes to optimise financial planning — transforming the go-global vision into a concrete action plan.
￮ Ms Julian Tsoi, Director, Marketing Communications and Direct Sales, DHL Express Hong Kong, will share insights on how businesses can leverage global logistics networks and technology to enhance customs clearance efficiency and improve operational performance, while navigating the complexities of cross-border logistics and addressing common challenges in international expansion.
￮ Mr Kenneth POON, Assistant General Manager – Business Division at the Hong Kong Export Credit Insurance Corporation, will analyse export trade risks across different stages in emerging markets and guide enterprises on using credit insurance tools to guard against bad debts and strengthen financing capabilities.
Beyond expert presentations, the forum will feature interactive networking and Q&A sessions, allowing participants to exchange practical experiences directly with speakers and fellow SMEs, and explore business growth opportunities together.
Registration is now open. Seats are limited, first come first served!
“Blueprint for Global Expansion: Market Entry, Logistics & Risk Management” Forum
Date: 12 June 2026 (Friday)
Time: 3:00 PM – 5:00 PM
Venue: LG1, Future Manufacturing Hall, HKPC Building, 78 Tat Chee Avenue, Kowloon
Language: Cantonese and Putonghua
Registration Link: https://campaigns.hkpc.org/zh-hk/rsvp-blueprint-for-global-expansion
Hashtag: #HKPC
The issuer is solely responsible for the content of this announcement.
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.
HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.
To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.
HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.
For more information, please visit HKPC’s website: 
www.hkpc.org/en.
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
The logistics company for the world.
HONG KONG SAR – Media OutReach Newswire – 28 May 2026 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the twelve months ended 31 March 2026.
Group sales for the 2025/26 financial year were US$3,650 million, an increase of 0.1% compared to the prior year. Net profit attributable to shareholders decreased by 23% to US$202 million or 21.59 US cents per share on a fully diluted basis. Adjusted net profit, excluding the effects of non-cash foreign exchange rate movements, the impairment of intangible assets, restructuring charges, and adverse fair value movements in investments, declined by 13% to US$234 million.
Sales Performance
The Automotive Products Group (“APG”) achieved sales of US$3,054 million, which amounted to 84% of total Group sales. Excluding currency effects, APG’s sales decreased by 3%.
Global automotive industry production volumes increased slightly over the prior year, but growth remains lacklustre in most markets due to affordability concerns and the challenges faced by OEMs and suppliers in adjusting to geopolitical uncertainty, tariff pressures, and the shifting economics of battery electric vehicles that continue to be shaped by the level of government subsidies available to consumers.
APG’s sales are divided broadly equally across the three major geographic regions of demand, but performance over the past year reflected distinct variations in local market conditions, as well as APG’s own mix of OEM customers and the timing of new program launches.
In Asia, the division’s sales declined by 7% on a constant currency basis primarily due to the ongoing erosion in market share held by Sino-foreign joint venture OEM customers in China. APG has continued to win significant new business awards from Chinese domestic OEMs and their suppliers, which now account for the majority of its sales in China. However, the division’s historically large share among joint venture customers has acted as a drag on its recent sales performance that is taking time to reverse. The domestic passenger vehicle market in China itself experienced a sharp slowdown in sales in the first quarter of 2026 due to the phasing out of trade-in subsidies designed to encourage the purchase of electric vehicles.
APG’s sales to the Americas increased by 1% on a constant currency basis in a market that saw total light vehicle production volumes broadly flat. The predominant factor constraining new car sales in North America is cost of living concerns, with many low to middle income car buyers struggling to afford new vehicles that, on average, have increased in price by over 30% since 2020.
In Europe, APG’s sales decreased by 2% on a constant currency basis. The European auto market continues to experience sluggish consumer demand at the same time that OEMs are hampered by excess production capacity and the impact of shifting emissions regulations on their product model line-ups.
APG’s strategy in the context of the varied and unpredictable operating environment for component suppliers is, firstly, to focus on bringing to market innovative motion technologies that enable electrification, reduce emissions, and enhance passenger safety and comfort. Secondly, APG aims to offer its diverse base of customers an unrivalled total cost and value proposition that combines speed, scale, and reliability of production with an adaptable global operating footprint.
The Industry Products Group (“IPG”) achieved sales of US$596 million – an increase of 2% compared to the prior year on a constant currency basis. After three successive years of declining sales, this marks an important return to growth for the division. In more commoditized product application segments, new business development has been redirected towards the rapidly growing base of Chinese manufacturers who are capturing an increasing share of the global market for consumer and commercial hardware goods – particularly for low-priced, entry-level products. In parallel, IPG is focused on supplying motion subsystem solutions to more specialized, higher-growth segments, including humanoid robotics, warehouse automation, medical devices, semiconductor manufacturing equipment, and liquid cooling applications.
Gross Margins and Operating Profitability
The Group’s gross profit of US$840 million, or 23.0% of sales, was essentially flat compared to the prior financial year. Slight increases in production staff costs, depreciation, and raw materials were offset by savings in other production overheads and direct labour.
Reported earnings before interest, tax and amortization (“EBITA”) amounted to US$258 million, a decrease of 22% compared to US$331 million achieved in the prior year. The decline was due to a combination of factors, including higher selling and administrative staff costs and other provisions, an impairment of intangible assets arising from a past acquisition, and reduced other income due to an adverse net change in the fair value of certain investments.
Net Profit and Financial Condition
Net profit attributable to shareholders decreased by 23% to US$202 million or 21.59 US cents per share on a fully diluted basis. Adjusted net profit, excluding the effects of non-cash foreign exchange rate movements, the impairment of intangible assets, restructuring charges, and adverse fair value movements in investments, amounted to US$234 million compared to US$268 million in the prior year.
The Group’s overall financial condition remains robust with a total debt to capital ratio of 10%, an interest coverage ratio of 22 times, and year-end cash reserves of US$902 million.
Dividends
The Board considers it appropriate to recommend maintaining the final dividend of 44 HK cents (5.64 US cents) per share, which together with the interim dividend of 17 HK cents per share, represents a total dividend of 61 HK cents (7.82 US cents) per share.
Chairman’s Comments on the Annual Results and Outlook
Commenting on the annual results for the financial year 2025/26, Dr. Patrick Wang, Chairman and Chief Executive, said, “Operating conditions for global manufacturing businesses during the financial year 2025/26 remained challenging, with end-market demand in most regions subdued and geopolitical events and uncertainties placing upward pressure on input costs.”
Dr. Patrick Wang further commented: “In the face of these headwinds, Johnson Electric maintained its long-standing resilience with sales and gross profit margins both holding up comparatively well. The bottom-line result, however, was negatively impacted by the effects of higher overhead expenses on a flat sales base, adverse net changes in the fair value of investments, and a non-cash intangible assets impairment charge.”
Concerning the near-term financial outlook, Dr. Patrick Wang said: “The global economy demonstrated resilience over the past year, despite the protracted conflict between Russia and Ukraine and the geopolitical shock of tariffs being imposed on US imports of goods from almost all countries. Looking ahead, the unstable and unpredictable conditions for trade and global manufacturing have been made even more precarious by the outbreak of war in the Middle East.”
“Johnson Electric has a long-standing track record in successfully navigating volatile global markets. In the near term, with geopolitical and macro-economic dynamics impossible to forecast with precision, management remains focused on cost control, managing the effects of inflation, and maintaining a prudent financial risk profile.”
“In parallel, however, we are also committed to invest in adapting and scaling our business model to meet strong underlying demand for our motion subsystem solutions in several high-growth end-markets and new product applications. Included among these are: thermal management systems for electric and hybrid vehicles that depend on a combination of water pumps, valves and actuators to support optimal vehicle cabin temperature, extend electric vehicle driving range, and contribute to longer battery life; solid oxide fuel cell power generation systems that are becoming established as an important source of low-emission, on-site electricity supply to AI data centres; and AI-enabled humanoid robots, which are widely viewed as one of the most significant industrial and commercial opportunities over the next ten to twenty years.”
Forward Looking Statements
This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.
Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward looking statements. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.
Note to Editors and Securities Analysts: The full text of the Annual Results announcement, includingfinancial statements, is available through the Investors section of company’s website at www.johnsonelectric.com
Hashtag: #JohnsonElectric
The issuer is solely responsible for the content of this announcement.
At Johnson Electric, our vision is to be the world’s definitive provider of innovation and reliable motion systems.
We are a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components, serving a broad range of industries including Automotive, Liquid Cooling, Robotic Joints, Smart Metering, Business Equipment, Ventilation, Home Automation, Large Appliances, Power Tools, Medical Devices and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employes over 30,000 individuals in more than 20 countries worldwide. We are listed on The Stock Exchange of Hong Kong Limited ( Stock no. 179). For further information, please visit: www.johnsonelectric.com.
Liberia’s push to link women’s livelihoods with protection from violence has moved into a new phase after UN Women Liberia and its partners convened an inception meeting in Monrovia for the Spotlight Initiative 2.0 Women’s Economic Empowerment component. The meeting, held at the One UN House, brought together government representatives, civil society organisations, private sector actors and development partners to align implementation plans for a programme designed […]
Congo’s Ebola outbreak has widened to 1,077 suspected cases and 246 deaths, intensifying pressure on health authorities as responders struggle to contain transmission in conflict-hit eastern provinces. Health officials are treating the outbreak as one of the most serious Ebola emergencies faced by the Democratic Republic of the Congo in years, with cases linked to the Bundibugyo strain, a less common form of the virus for which […]
RODNEY VILLAGE, SAINT LUCIA – Media OutReach Newswire – 28 May 2026 – TabTrade (tabtrade.com), a global forex and CFD broker with zero average spreads on major forex pairs, today pointed to Datalyst spread data placing the TabTrade Edge account among the lowest in the industry on the major currency pairs. Measured across the full month with the daily rollover period removed, the Edge account averaged 0.04 pips on the majors, level with the tightest average any broker recorded.
Datalyst samples spreads from more than 10,000 live trading accounts. The daily rollover window, a short period each evening when liquidity thins and spreads widen across the market, is taken out so the figure reflects active trading conditions. On that basis the Edge account averaged 0.04 pips across the majors.
In peak European hours the spread tightens to a 0.00 pip average on several majors. TabTrade reports the average rather than a best-case rate.
The Edge account runs raw spreads from 0.0 pips with a flat $3.50 commission per side and no markup on the spread. Orders route through Equinix LD5 in London, with fills averaging under 30 milliseconds.
“We would rather be judged on the average, and judged by someone other than us,” said Benjamin Boulter, Founder and CEO of TabTrade. “Once you take out the daily rollover, the Edge account sits with the best in the industry on the majors, and in peak hours it averages zero on several of them.”
Spread data is published at https://datalyst.forexco.com.au/ and Edge account details are at https://www.tabtrade.com/accounts/edge/
Hashtag: #TabTrade
The issuer is solely responsible for the content of this announcement.
TabTrade is a global forex and CFD broker with zero average spreads on major forex pairs. Clients trade forex, indices, commodities, metals, shares and cryptocurrencies on MetaTrader 5 and cTrader, with a $0 minimum deposit and institutional-grade execution through Equinix LD5 data centres. TabTrade Ltd is incorporated and registered in Saint Lucia under the International Business Companies Act (Registration Number 2025-00919), and client funds are held in segregated accounts. Markets made simple.
Global investment in oil projects is set to fall for a third consecutive year as the Middle East conflict forces governments and companies to redirect capital towards gas, alternative supply routes and cleaner energy systems. The International Energy Agency’s latest investment assessment points to a sharp reordering of global energy priorities, with upstream oil spending weakening even as overall energy security concerns intensify. The shift reflects both […]
XRP slipped deeper into a defensive trading zone this week as bearish retail commentary, weakening momentum and broader pressure across digital assets pushed sentiment close to levels that traders often associate with short-term capitulation. The token traded near $1.28, down more than 3% over 24 hours, while its market value hovered around $79bn. The decline extended a difficult stretch for holders after XRP lagged several large-cap digital […]
Shiba Inu traded in a narrow range on Tuesday as large holders pulled close to half a trillion SHIB tokens from exchanges, adding a fresh supply-side signal to a market still struggling to recover from last week’s sell-off. The meme token, the second largest in its category after Dogecoin, remained under pressure after losing ground over the past seven days. Its price action has been largely flat […]
Arabian Post Staff -Dubai Qatar’s Ministry of Transport has automated 14 additional maritime transportation services, expanding online access for vessel operators, shipping companies and seafarers as Doha pushes ahead with a wider programme to digitise public services and strengthen its logistics base. The newly automated services are now available through the ministry’s official website and cover two main areas: large-vessel transactions and seafarers’ affairs. Ten services relate […]
Immutable and XDC Network have recorded their largest exchange withdrawals of 2026, signalling a shift in investor behaviour as holders move tokens away from trading venues and into private wallets. On-chain data showed net outflows of about 4.67 million IMX, worth roughly $760,000, and 10.38 million XDC, valued at about $756,000, from exchange-linked wallets in a single day. The moves mark the strongest withdrawal readings for both […]
A phishing campaign using sponsored Google search advertisements has drained more than $400,000 from cryptocurrency users after directing them to cloned Uniswap websites designed to empty connected wallets. The attack centred on fraudulent ads that appeared above or near legitimate search results for Uniswap, one of the largest decentralised exchanges on Ethereum. Users who clicked the promoted links were taken to interfaces that closely resembled the authentic […]
Bitcoin slipped towards $75,000 as traders watched a developing “golden cross” on its chart, leaving the world’s largest cryptocurrency at a critical technical point even as global equity markets pushed to record highs. The token traded near $75,800 after touching an intraday low close to $75,200, extending pressure across major digital assets. Ether also weakened, hovering just above $2,080, while traders identified the $2,400 area as an […]
Ripple has filed new United States trademark applications covering prime brokerage, securities lending, clearing, treasury operations and investment services, marking a deeper push into institutional finance after its $1.25 billion purchase of Hidden Road. The applications, covering Ripple’s word mark and Triskelion design, point to a broader strategy that goes beyond cross-border payments and blockchain settlement. They list services linked to asset management, investment advisory, hedge fund […]
Dubai has opened the Dubai Esports & Games Festival 2026 with a stronger emphasis on gaming as a career pathway, placing digital skills, education and competitive play at the centre of a citywide programme running from May 22 to June 7. Organised by Dubai Festivals and Retail Establishment, part of the Dubai Department of Economy and Tourism, the festival is being positioned as more than an entertainment […]
Online retail sales of goods and services rose 6.6 per cent year on year in January-April, reaching about 6.53 trillion yuan, as digital platforms continued to draw shoppers through discounts, livestreaming, faster delivery and wider service offerings. Online retail sales of goods contributed 72.2 per cent to the growth of total retail sales of consumer goods, underlining the sector’s importance to household consumption and the wider services economy.
The performance stood out against a softer macroeconomic backdrop. Total retail sales of consumer goods increased 1.9 per cent year on year to 16.49 trillion yuan in the first four months, while April’s retail sales rose only 0.2 per cent from a year earlier, slowing sharply from March. Industrial output also moderated in April, while fixed-asset investment weakened in the January-April period, adding pressure on policymakers to keep consumption and digital commerce at the centre of growth-support measures.
Food, apparel, daily necessities and services remained key pillars of online demand. Online sales of agricultural products rose 12.2 per cent during the four-month period, reflecting stronger farm-to-consumer supply chains and the growing ability of digital platforms to connect rural producers with urban buyers. E-commerce transactions involving metal products climbed 34.8 per cent, while chemical products rose 12.2 per cent, signalling that business-to-business digital trade is becoming a larger part of the sector’s expansion.
Services delivered some of the strongest growth. Online tourism sales jumped 33.2 per cent, while online catering sales rose 20 per cent, helped by domestic travel demand, app-based restaurant bookings, group-buying promotions and instant delivery networks. This shift has broadened the definition of e-commerce beyond parcel delivery, making it a channel for local services, entertainment, travel and food consumption.
China’s major platforms remain central to the sector’s trajectory. Alibaba continues to rely on Taobao and Tmall while pushing faster local delivery through integrated quick-commerce services. JD. com is using its logistics network to defend its position in electronics, household goods and same-day fulfilment. Pinduoduo remains a powerful force in value-led shopping, while Douyin and Kuaishou have expanded livestream commerce by converting entertainment traffic into direct sales. Meituan has become a key player in instant retail, extending its food-delivery infrastructure into groceries, medicines, flowers, consumer goods and convenience-store items.
The fastest change is taking place in instant retail, where platforms promise deliveries within an hour by linking consumers to nearby warehouses, restaurants, pharmacies and shops. The model has moved beyond food delivery into daily essentials and non-food categories, creating a new battleground for Alibaba, JD. com and Meituan. Heavy subsidies have helped attract users, but they have also raised concerns about margins, rider welfare, food safety and wasteful competition.
Regulatory scrutiny is rising alongside the sector’s growth. Authorities have fined major food-delivery and e-commerce platforms over failures in vendor verification and consumer protection, while new rules on platform pricing and unfair competition are tightening oversight of discounting, algorithms and merchant treatment. The regulatory direction suggests support for digital commerce will continue, but platforms are being pushed towards higher-quality growth rather than unchecked subsidy wars.
Cross-border e-commerce also remained a bright spot. The Silk Road e-commerce initiative helped lift online sales of imported products from partner countries, with Thai durians, beverages from the UAE and Italian casual trousers recording sharp gains in January-April. The trend points to growing consumer appetite for imported food, fashion and lifestyle products, while also helping overseas exporters access China’s vast digital marketplace through platform partnerships, bonded warehouses and livestream selling.
Rural e-commerce is another policy priority. Expanded digital infrastructure, village-level logistics points and platform-backed agricultural campaigns have helped smaller producers sell fruit, tea, seafood, grains and speciality foods directly to consumers. The model supports rural incomes and reduces dependence on traditional wholesale chains, though smaller sellers still face challenges from platform fees, return costs, traffic concentration and intense price competition.
