Thousands of fraudulent FIFA-themed domains are being positioned to exploit supporters before the 2026 World Cup, with cyber-security researchers tracking more than 4,300 suspicious registrations since August 2025. The domains mimic FIFA’s official web presence and are designed to lure fans seeking tickets, merchandise, travel packages, streaming access, betting platforms and hospitality deals. Some use names close to FIFA, the World Cup, host cities or national teams, […]
Hackers are exploiting shared content delivery network infrastructure to hide malicious traffic behind trusted domains, exposing a weakness in DNS-based security controls used by enterprises to block command-and-control activity, data theft and unauthorised tunnelling. The technique, named Underminr by ADAMnetworks, takes advantage of the way large CDNs host many unrelated websites on the same edge IP addresses. A compromised device can make a legitimate DNS lookup for […]
Africa’s top continental body has launched a new humanitarian coordination platform aimed at tightening crisis response across a region facing widening displacement, hunger, conflict and climate-linked disasters. The African Humanitarian Coordination Platform was unveiled by the African Union Commission through its Department of Health, Humanitarian Affairs and Social Development after a continental engagement in Mahé, Seychelles, held from 18 to 19 May 2026. The meeting endorsed the […]
Prudent Risk Management Yields Solid Outcomes metrics, Core Pawn Business Demonstrates Resilient Growth with Proposed Final Dividend of HK$1.15 cents per share
Results Highlights:
Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
Proposed final dividend of HK$1.15 cents per share
HONG KONG SAR – Media OutReach – 27 May 2026 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) announced its annual results and its financial position. For the year ended 28 February 2026 (“FY2026“), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 (“FY2025“). During the year, net interest margin expanded to approximately 17.2%.
As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.
BUSINESS REVIEW
Mortgage loan business
In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group’s total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.
In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.
Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.
Pawn Loan Business
The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business’s profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.
During the year, the Group continued to channel resources to advertising and promotion to enhance the Group’s brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.
PROSPECTS
Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.
Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.
Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.
Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.
Mr. Edward Chan, Chairman and CEO of the Company, said, “Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group’s strong resilience amidst market challenges.
Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders.”
Hashtag: #OiWah
The issuer is solely responsible for the content of this announcement.
About Oi Wah Pawnshop Credit Holdings Limited
Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.
By Dr. Gyan Pathak Supreme Court of India on May 27, 2026 upheld the legality of the Special Intensive Revision (SIR) of the electoral roll in Bihar and elsewhere and emphasized that this exercise is constitutionally connected to “free and fair polls”. The judgment strongly underlined the purity and accuracy of rolls giving priority to […]
Another significant step towards the success of ICVAX®
HONG KONG SAR – Media OutReach Newswire – 27 May 2026 – Immuno Cure Group (“Immuno Cure“), headquartered at Hong Kong Science Park, is pleased to announce the inauguration of the research facility for its HIV therapeutic DNA vaccine (“ICVAX®“) at the Center of International Innovation for Technology and Science (“CIITS”) located in Hetao, Shenzhen. The facility aims for the development and application of key technologies for the clinical research and commercialization of Immuno Cure’s ICVAX®. ICVAX® is developed by Immuno Cure with the aim of achieving antiretroviral therapy (“ART“)-free functional cure for HIV infection. This project is carried out in collaboration with Prof. Zhiwei CHEN, the Founding Director of the AIDS Institute of Li Ka Shing Faculty of Medicine, the University of Hong Kong (“HKU AIDS Institute“), and Prof. Hongzhou LU, President of the Third People’s Hospital of Shenzhen, in the capacity as advisors.
From left to right: Dr.Tengfei CAO, Deputy Director of CIITS; Mr. Tom LAU, Corporate Finance Director and Co-Founder of Immuno Cure; Dr. Renchen LIU, Executive Deputy Dean of Research Institute of Tsinghua University in Shenzhen and Director of CIITS; Dr. Xia JIN, CEO and Co-Founder of Immuno Cure; Prof. Zhiwei CHEN, Principal Scientific Advisor and Co-founder of Immuno Cure; Dr. Percy CHENG, Chairman and Co-Founder of Immuno Cure
CIITS is a national-level achievement transformation platform co-built by Guangdong Province, Shenzhen Municipality, and Tsinghua University, and is located at the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (“Hetao Co-operation Zone“). It is committed to building a world’s leading major technological innovation and industrialization platform with a global perspective. It focuses on key tracks including biomedicine, high-performance materials, and artificial intelligence (AI). It aims to aggregate global innovation resources, connect with leading enterprises, and conduct organized scientific research and achievement transformation to address national major strategic needs.
Since AIDS was first identified in 1981, 40.8 million people have died from HIV infection, with over 44.1 million people living with HIV globally. While antiretroviral therapy can effectively control HIV replication, it cannot cure the disease, highlighting the critical need for immunotherapies. Designed to enhance the host’s immune response, immunotherapies aim to achieve sustained viral control without lifelong ART, ultimately leading to complete viral suppression and functional cure. Immuno Cure’s proprietary innovative HIV therapeutic DNA vaccine, ICVAX®, induces broad-spectrum, polyfunctional virus-specific T cells to achieve the ultimate goal of ART-free functional cure of HIV infection.
Immuno Cure completed the first-in-human Phase I clinical trial of ICVAX® in November 2024, demonstrating excellent safety and promising immunogenicity. Two multi-center Phase II clinical trials—randomized, double-blind, and placebo-controlled—are scheduled to launch in Q2-2026 to evaluate the vaccine’s mechanism of action and efficacy. The trials will be conducted at Prince of Wales Hospital in Hong Kong, as well as eight top-tier hospitals in China, including the Shenzhen Third People’s Hospital, Beijing Ditan Hospital Affiliated to Capital Medical University, Beijing Youan Hospital affiliated to Capital Medical University, the Eighth People’s Hospital of Guangzhou, the Second People’s Hospital of Tianjin, the Sixth People’s Hospital of Zhengzhou, Chengdu Public Health Clinical Medical Center, and Chongqing Public Health Medical Center.
Notably, standardized testing systems for evaluating immunological and virological indicators are crucial for HIV vaccine clinical trials. However, the lack of domestic standard operating procedures (SOPs) for infectious samples in clinical trials hinders the clinical development and regulatory approval of novel infectious disease therapies like ICVAX®. The mission of this research facility at CIITS is to establish an internationally aligned standardized clinical testing system for T-cell immunogenicity and viral reservoirs, as well as identify core biomarkers associated with vaccine efficacy — filling a domestic technical gap. Immuno Cure will offer the ICVAX® Phase II clinical trial to facilitate the development of this standardized precision testing method for clinical sample analysis.
Dr. Xia JIN, CEO of Immuno Cure, stated, “I am delighted to be appointed to lead this key project of CIITS. I would also like to thank CIITS for the fully fitted modern laboratory space and the RMB10.0m funding support for this 2-year initial phase. My whole scientific team is committed to contributing diligently to the success of this project. I have no doubt that the development of a standardised testing regime would not only enhance the quality of our clinical trials for ICVAX® but would also eventually be adopted as industry and national standards for the clinical translation of medicine for HIV/AIDS and other infectious diseases.
Renchen LIU, Executive Deputy Dean of Research Institute of Tsinghua University in Shenzhen and Director of CIITS, stated, “Warmest congratulations on the inauguration of the research facility for ICVAX® at the CIITS. In the future, CIITS will continue to leverage its platform resources to implement full-chain incubation services. Project managers will provide service support throughout the entire project period, ensuring the smooth progress of the project through resource integration, talent recruitment and development, clinical collaboration, and achievement transformation. These efforts will safeguard the steady progress of the project.”
As the project advances, Immuno Cure’s ICVAX® is positioned to become the world’s first therapeutic DNA vaccine to deliver an ART-free functional cure for HIV infection, bringing new hope to people currently living with HIV. In parallel, the standardized testing platform and collaborative innovation model developed through this effort will provide a scalable, replicable blueprint for R&D of novel therapies targeting other major infectious diseases. Together, these outcomes will strengthen the global competitiveness of biomedicine development in GBA and contribute to the development of national biosecurity capabilities and a more resilient public health system.
The issuer is solely responsible for the content of this announcement.
About the Center of International Innovation for Technology and Science (“CIITS”)
Center of International Innovation for Technology and Science (CIITS), as the international headquarter of the Greater Bay Area National Center of Technology Innovation (GBA NCTI), is operated by Research Institute of Tsinghua University in Shenzhen (RITS). CIITS actively promotes the commercialization of technology and scientific advances with overseas and domestic innovation institutions and teams, as well as industry partners, focusing on areas such as biomedicine, advanced materials and artificial intelligence.
To learn more about CIITS, please follow the WeChat official account: gh_425f503135d5
About Immuno Cure
Immuno Cure is a clinical-stage biotechnology group headquartered at Hong Kong Science Park. Immuno Cure is committed to the R&D of innovative DNA vaccines and antibody immunotherapies for infectious diseases, inflammations, and cancers. Immuno Cure possesses two technologies: the “PD-1 Enhanced DNA Vaccine Platform” and the “Anti-Δ42PD1 Antibody”.
Jazeera Airways has launched a limited Eid and summer fare campaign, offering one-way tickets from KD15, or about $48.75, as Kuwait’s low-cost carrier moves to capture holiday demand across leisure, family and business routes. Bookings under the Special Eid and beyond sale are open until 31 May 2026, with travel valid from 27 May to 30 September 2026. The campaign covers selected destinations on the airline’s network […]
Binance has opened a supervised route back into the Philippines through a partnership with BlockShoals Technologies Inc., placing the world’s largest crypto exchange inside the Philippine Securities and Exchange Commission’s Strategic Sandbox after two years of regulatory tension over unlicensed offshore platforms.
The arrangement makes BlockShoals the approved local intermediary under the SEC’s StratBox framework, while Binance supplies technology, security systems, operational support and compliance expertise developed across regulated markets. The sandbox phase is expected to begin in the second half of 2026 and run for at least two years, giving regulators direct oversight of product testing before any wider rollout to users.
The move marks a notable shift in Binance’s strategy in the Philippines. Rather than seeking to restore access through an offshore model, the exchange is now pursuing market participation through a domestic company operating under SEC supervision. BlockShoals, a Philippine-incorporated fintech firm, secured approval under the crypto asset intermediary framework after a multi-year process involving regulatory conditions, compliance checks and investor-protection requirements.
Binance’s online presence in the Philippines was blocked in 2024 after the SEC said the platform had offered investment and trading services without the necessary licence. The regulator had warned the public about the exchange in November 2023, then moved to restrict website access through telecommunications authorities the following year. The action became one of the clearest signals that Manila intended to bring offshore digital-asset platforms under local rules.
That enforcement drive has since widened. The SEC’s crypto-asset service provider rules, issued in 2025, require firms serving Philippine users to register, maintain sufficient capital, observe marketing standards, and meet operational and reporting obligations. The framework is intended to protect retail investors while allowing controlled innovation in a market where crypto use remains high by regional and global standards.
The Philippines ranked ninth in the 2025 global crypto adoption index, reflecting strong activity across retail centralised services and digital-asset platforms. Usage has been driven by a young, mobile-first population, remittance demand, online work, gaming-linked crypto activity and a broad appetite for alternative financial products. That adoption has also heightened regulatory concern over fraud, weak disclosures, market volatility and the risks of foreign platforms serving users without domestic accountability.
Seker, Binance’s head of Asia-Pacific, described the Philippines as one of Southeast Asia’s most dynamic digital economies, saying frameworks such as StratBox create a channel for regulators and industry participants to work together while maintaining user protection and market integrity. The company has presented the BlockShoals partnership as part of a compliance-first approach rather than a conventional market relaunch.
BlockShoals has framed its role around local accountability. A company representative said the partnership was an opportunity to show that global digital-asset platforms and domestic regulatory frameworks could operate constructively together, adding that the firm would work under direct SEC supervision while building a secure platform for users.
The sandbox structure gives the SEC room to monitor how products are configured, how customer onboarding is handled, how risks are disclosed, and how safeguards such as know-your-customer checks, anti-money-laundering controls and transaction monitoring are applied. It also gives Binance a pathway to rebuild trust after a period in which its Philippine operations were defined by access restrictions and licensing concerns.
The Philippine approach mirrors a broader shift across Asia, where regulators are moving away from informal tolerance of offshore crypto activity and towards domestic licensing regimes. Singapore, Hong Kong, Thailand, Indonesia and Japan have tightened rules for exchanges, stablecoin activity, custody, marketing and investor suitability. The result is a more fragmented operating environment for global platforms, with access increasingly dependent on local registration, capital commitments and regulator-facing governance.
For Binance, the Philippine partnership carries strategic value beyond one market. The exchange has spent the past several years seeking to repair relations with regulators after facing scrutiny in multiple jurisdictions. A successful sandbox test in Manila would support its argument that global crypto platforms can adapt to local rules through partnerships, product controls and supervised deployment.
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 […]
Dubai and Abu Dhabi’s office and retail property markets remained resilient in the first quarter of 2026, as tight supply, steady occupier demand and flexible leasing strategies helped prime assets withstand regional uncertainty and softer tourism-linked spending. JLL’s Real Estate Market Dynamics report showed that office rents across both emirates continued to rise at double-digit annual rates, led by constrained availability in prime districts and a sustained […]
Arabian Post Staff -Dubai United Nations Security Council members have unanimously condemned a drone strike on the Barakah Nuclear Power Plant in Abu Dhabi’s Al Dhafra region, warning that any attack on a civilian nuclear facility carries grave risks for human life, critical infrastructure and the environment. The 15-member council said the strike on an electricity generator outside the plant’s inner perimeter amounted to “a flagrant violation […]
Asia’s first Design & Innovation Festival announces its venue and key speakers — where Japanese design expertise meets the cultural diversity of Asia
BANGKOK, THAILAND – Media OutReach Newswire – 27 May 2026 – On Friday, June 26, 2026, SYNC Design & Innovation in SITE 2026 will be held at Siam Paragon, Bangkok — a large-scale forum dedicated to the convergence of design and business. Organized by Nikkei Business Publications, Inc. (Nikkei BP) and co-organized by FOURDIGIT Inc. and the National Innovation Agency (NIA) of Thailand, the event announces its venue and principal speaker lineup.
A special program within SITE 2026, one of Southeast Asia’s largest innovation festivals
SYNC Design & Innovation is realized in collaboration with SITE 2026 (June 25–27), the flagship startup and innovation technology festival hosted by NIA and one of the largest of its kind in Southeast Asia. Past editions have drawn more than 30,000 in-person visitors and generated approximately 2.89 million online impressions, establishing SITE as a focal point of the regional innovation calendar across Asia. SYNC will be staged on June 26, the second day of SITE 2026, as a dedicated forum within the festival, positioned as the meeting point where Japanese design intelligence converges with the cultural diversity of Asia.
A landmark gathering of Japan’s leading designers and business leaders
The program brings together pioneers who have carried the power of design from Japan to the global stage:
• Manabu Mizuno (good design company), known for long-horizon brand strategy and total direction
• Eisuke Tachikawa (NOSIGNER), Board of Directors, World Design Organization (WDO)
• Eriko Yamaguchi, founder of MOTHERHOUSE, a brand operating across six Asian markets
• Kazufumi Nagai (Tama Art University), behind the branding of numerous Japanese corporations
• Yoshihiro Yagi (dentsu Japan), recipient of more than 750 awards in Japan and abroad
From the co-organizer, Ryo Taguchi, CEO of FOURDIGIT Inc., who has pioneered UX design within Japan’s digital industry, and Takehiro Suenari, who has led service design practice across Southeast Asia, will also take the stage.
The business track features practitioners working at the intersection of AI, technology and enterprise, including Satoru Yamamoto, who leads AI initiatives across the Dentsu Group; Akio Kazama of ZOZO, Japan’s leading fashion commerce company; and Shinichiro Nishikawa of NTT DATA Global Payment, who has supported international financial innovation. They will be joined by senior leaders of Japanese enterprises based in Thailand.
Thai innovation and design leaders join the stage
From the host city, leaders shaping policy, business and design in Thailand will convene:
• Dr. Krithpaka Boonfueng, Executive Director of NIA, architect of the 4G Strategy for national growth
• Dr. Chakrit Pichyangkul, Executive Director of the Creative Economy Agency (CEA), driving Thailand’s creative economy
• Dr. Surapant Meknavin of the National Higher Education, Science, Research and Innovation Policy Council (NXPO), leading AI policy and digital transformation
• Dr. Nares Damrongchai, an international leader of organizational transformation
• Sumpatha Jadee, Senior Designer at Farm Group
A special live performance bridging music and innovation
Beyond the business and design sessions, SYNC will feature live performances by acclaimed Japanese and Thai artists, designed to symbolize the fusion of business and creativity and to broaden the event’s reach to wider audiences.
Featured artists include: Wednesday Campanella, KIKI, EYE VDJ MASA (with ALS MASATANE MUTO), Takahito Uchisawa (androp), STEREO DIVE FOUNDATION, Tom Kawada, Ohzora Kimishima, Hana Taguchi, inmintcondition, and others.
Special guest: Kumamon to appear with Manabu Mizuno
The forum welcomes a special guest from Japan: Kumamon, Sales and Happiness Manager of Kumamoto Prefecture. The beloved mascot will share the stage with creative director Manabu Mizuno, who designed Kumamon.
Qualcomm has secured a major opening in artificial intelligence infrastructure through a deal to supply ByteDance with chips for AI data centres, giving the San Diego-based group a high-profile customer as it pushes beyond its traditional smartphone processor business. The agreement covers application-specific integrated circuits, or ASICs, designed to support AI workloads in ByteDance’s expanding data-centre operations. The chips are expected to be used for AI agent […]
China’s e-commerce industry expanded steadily in the first four months of 2026, reinforcing its role as a major support for consumption even as the broader economy showed signs of uneven demand and weaker momentum in traditional retail channels.
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.
South Africa’s diesel shock has turned a distant Middle East conflict into a domestic economic threat, exposing how sharply the country’s transport, mining, farming and power systems now depend on imported refined fuel. The Iran war and disruption around the Strait of Hormuz have pushed global energy markets into a new phase of volatility, but South Africa’s vulnerability is not driven by crude oil alone. The deeper […]
Forty high-performing schoolgirls from underprivileged communities in Ghana will receive annual scholarships under the newly launched Educating Linda programme, a joint initiative of Merck Foundation, Ghana’s First Lady Lordina Dramani Mahama and the Lordina Foundation aimed at keeping girls in classrooms until graduation. The programme, formally launched in Accra, is designed to remove financial barriers that often force girls out of school, including tuition costs, uniforms, stationery […]
Donald Trump has urged Saudi Arabia and Qatar to move first in a renewed push to expand the Abraham Accords, linking wider recognition of Israel to US efforts to secure a deal with Iran and recast the Middle East diplomatic order. The US president said countries involved in the Iran negotiations should join the normalisation framework, naming Saudi Arabia, Qatar, Pakistan, Egypt, Turkey and Jordan among those […]
Dubai’s Eid Al Adha retail season is set to open with a wider-than-usual edition of the 3 Day Super Sale, offering discounts of up to 90 per cent across malls, shopping districts and participating outlets from 27 to 31 May. The campaign, organised under Dubai’s annual retail calendar, has been extended to five days despite retaining its familiar 3 Day Super Sale branding. The timing places the […]
China’s artificial intelligence market is entering a faster and more expensive phase, with enterprise spending forecasts pointing to a surge that could reshape global competition in cloud computing, semiconductors, robotics and industrial automation.
Global enterprise AI expenditure is expected to reach about $940 billion in 2026 and climb to roughly $2.1 trillion by 2029, reflecting a shift from experimental deployments to large-scale use across manufacturing, finance, logistics, health care, energy and public services. China is emerging as one of the fastest-expanding markets within that cycle, helped by heavy infrastructure spending, state-backed industrial policy and a corporate race to build domestic alternatives to foreign chips, models and cloud platforms.
The acceleration is no longer confined to model development. China’s AI buildout is moving across the full technology stack, from data centres and accelerators to enterprise software, robotics and agentic systems capable of handling complex workflow tasks. The first phase of the investment wave was dominated by computing power, foundational models and large infrastructure projects. The next phase is being shaped by applied AI, intelligent services and automation across production lines, offices and consumer platforms.
That transition is putting pressure on global rivals. US technology groups still lead in advanced chips, frontier models and hyperscale cloud capacity, but China’s market has advantages in deployment speed, manufacturing depth and policy coordination. Companies including Alibaba, Tencent, Baidu, Huawei and ByteDance are expanding AI services while also trying to reduce dependence on restricted US semiconductor supplies. Alibaba has unveiled a new AI chip through its T-Head unit and is directing tens of billions of dollars into cloud and AI infrastructure over several years. Huawei’s Ascend processors have become central to China’s domestic accelerator strategy as export controls limit access to top-tier Nvidia products.
Infrastructure remains the foundation of the race. Worldwide AI infrastructure spending is on course to exceed $1 trillion by 2029, with accelerated servers accounting for the overwhelming share. China remains the second-largest AI infrastructure market after the US, even though export restrictions have created supply constraints for high-end accelerators. Those restrictions have encouraged domestic chip design, local server ecosystems and more efficient deployment models for inference, where many commercial AI applications run after models have been trained.
China’s data centre expansion is also moving into more specialised formats. AI workloads demand dense computing power, stable electricity supply and advanced cooling, all of which are raising costs and straining grids. Projects near Shanghai and other technology hubs are testing alternative energy and cooling systems, including offshore and renewable-powered facilities. These efforts reflect a broader attempt to manage the energy burden of AI while supporting national ambitions in cloud services, industrial software and smart manufacturing.
Robotics is becoming a central pillar of the spending wave. China already has the world’s largest industrial robot base and is pushing into embodied intelligence, where AI systems are integrated into machines that operate in factories, warehouses, homes and public spaces. Forecasts for China’s robotics market point to rapid expansion over the next five years, with demand coming from electric vehicles, electronics, logistics and elder care. The combination of AI models, sensors, batteries and manufacturing scale gives domestic firms a route to compete internationally beyond software alone.
Policy support is reinforcing corporate investment. Beijing’s “AI Plus” strategy, issued in 2025, aims to embed artificial intelligence across the economy by expanding access to data, compute and talent while promoting open-source ecosystems and industrial adoption. Local governments have added funding programmes, innovation parks and procurement support, creating competition among cities such as Beijing, Shanghai, Shenzhen and Hangzhou. That model can accelerate deployment, though it also raises the risk of duplicated capacity, uneven standards and projects driven more by subsidy incentives than commercial demand.
The competitive picture remains mixed. China leads in AI publication volume, citations, patent output and industrial robot installations, while the US continues to produce more frontier models and higher-impact patents. The performance gap between leading US and Chinese models has narrowed, aided by open-source releases and engineering efficiency from Chinese labs. DeepSeek’s breakthrough earlier in the cycle demonstrated that capable systems could be produced with fewer resources than previously assumed, intensifying debate over whether raw spending alone will determine leadership.
Arabian Post Staff -Dubai Etihad Rail has unveiled the official uniforms for its passenger-facing teams, offering the clearest sign yet that preparations for the UAE’s first national passenger rail service are moving into their final operational phase. The new look, built around a contemporary grey palette with bold red accents, will be worn by onboard hosts, station staff and other customer-facing employees across the passenger network. The […]
Bitcoin’s recovery attempt is losing momentum as equity markets push higher, leaving traders focused on whether the largest digital asset is forming another lower high after a two-week pullback. The token was trading near $77,000 on Tuesday, after falling about 7 per cent over two weeks and failing to regain the stronger technical posture it held earlier this month. Ether was near $2,120, still trapped in a […]
By Nitya Chakraborty With the U.S. President Donald Trump himself downgrading the status of the four nation Quadrilateral Security Dialogue (QUAD), why is Indian government spending so much of its precious time on QUAD meetings? It is sheer wastage of time for the Prime Minister Narendra Modi as also Foreign Minister Dr. S Jaishankar. US […]
Arabian Post Staff -Dubai Sennheiser has unveiled the Momentum 5 Wireless, its next flagship over-ear headphone, positioning the model as a direct challenge to Sony, Bose and Apple in the premium noise-cancelling audio market. The headphones, announced on 25 May 2026 and set to go on sale in the United States from 16 June at $399.99, bring stronger active noise cancellation, Dolby Atmos support with head tracking, […]
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