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The Independent
a day ago
- Business
- The Independent
Foreign direct investment shows no signs of slowing results
Fuelled by diverse application scenarios and strong innovation momentum, China has emerged as a prime destination for foreign investment, underpinned by broad strategic advantages amid profound shifts in the global economic landscape, said heads of foreign corporations. Highlighting that the country has become a key hub for business model experimentation and technological innovation, they said China will remain a priority market for future foreign investment, particularly in areas such as electrification, digital transformation, green development and trade-in services, as many of such companies actively expand their presence abroad. According to a report on foreign firms released by the Beijing-based Chinese Academy of International Trade and Economic Cooperation in mid-June, these enterprises continue to increase their investment in China's high-tech manufacturing sector this year. The strategic layout of future cutting-edge industries by foreign businesses in China not only brings capital and technology, but also promotes China's industrial leap through industrial chain reshaping, international resource coordination and localised innovation, according to the report. One such company is French industrial conglomerate Schneider Electric. The group, backed by its China AI (artificial intelligence) innovation labs, has been actively promoting the integration of AI technologies with application scenarios across industries such as manufacturing, building, infrastructure and data centres, aiming to accelerate digital transformation and the shift towards low-carbon growth. Yin Zheng, executive vice-president, China and East Asia operations at Schneider Electric, said that as a key driver of global economic growth, China boasts a vast market and a solid industrial foundation. The development of new quality productive forces is speeding up the creation of innovation-driven digital and green productivity, offering broader development opportunities for multinational corporations in the field of high-tech sectors, said Yin. 'For the next step, we will continue to build digital, green and global ecosystems to empower small and medium-sized enterprises to innovate and help Chinese companies expand into international markets,' he added. Similar views were shared by Nathan Stoner, chairman for China at Cummins Inc, a United States-based engine manufacturer. 'We are currently undergoing adjustments and transformations in our business, not just in components, but also in our operations in China. Our goal is not only to serve the Chinese market, but also to support Chinese automakers in their global expansion,' said Stoner. For instance, some Chinese automakers are expanding in Southeast Asia, Europe and other regions, and Cummins is keen to assist them in developing their overseas business, he added. Cummins will launch next-generation products, including electric motors, electronic controls, e-drive systems and integrated controllers — as well as power electronics — in the country next year. The actual use of foreign direct investment (FDI) in China's high-tech industries reached 109.04 billion yuan (£11.09 billion) in the first five months of 2025, with FDI rising 146 per cent in the e-commerce services sector, 74.9 per cent in the aerospace equipment manufacturing sector and 59.2 per cent in the chemical pharmaceuticals manufacturing sector, year-on-year, said the Ministry of Commerce. Investment from the United Kingdom, the Republic of Korea and Germany increased 60.9 per cent, 10.3 per cent and 7.1 per cent, year-on-year, respectively, during the five-month period. In a shift from industrial investment to people-to-people exchanges, Air New Zealand, Air China and Tourism New Zealand announced a partnership in late June aimed at strengthening travel from China to the island country. Air New Zealand will invest more than $700,000 (£510,000) in marketing through this partnership in China over the next 12 months. 'This is an opportunity to further stimulate travel demand to encourage growth in inbound tourism from China to New Zealand,' said Greg Foran, CEO of the Auckland-based airline, adding that the carrier expects to see a 33 per cent increase on a yearly basis in premium seats on the Shanghai-Auckland route from October.
Yahoo
24-06-2025
- Business
- Yahoo
WeChat Pay and Alipay Extend Their Reach Across 20+ Countries
The 2025 report unveils China's leadership in mobile wallet adoption, AI innovation, and cross-border expansion, with giants like Alipay, WeChat Pay, and Alibaba redefining digital finance. Highlights include China's e-CNY dominance, global partnerships, and strategic insights for firms in emerging markets. Dublin, June 24, 2025 (GLOBE NEWSWIRE) -- The "China Payments & E-Commerce 2025: Strategic Insights for Global Leaders" report has been added to offering. Drawing from the latest 2025 data, the report highlights China's continued leadership in mobile wallet adoption, cross-border integration, and AI-driven platform innovation. The findings reveal how dominant players such as Alipay, WeChat Pay, and Alibaba are not only reshaping China's domestic market, but also extending their influence globally through strategic partnerships, AI integration, and digital finance innovation. China is no longer just a domestic digital powerhouse - it is setting benchmarks that the rest of the world is watching. Our latest report offers essential strategic context for global companies navigating the convergence of payments, e-commerce, and AI in one of the most complex and dynamic markets. Key insights from the report include: Mobile wallets now account for the vast majority of digital transactions in China, driven by integrated ecosystems combining payments, social media, shopping, and public services. Alibaba and have invested heavily in AI infrastructure and instant delivery, with Alibaba's 88VIP loyalty program surpassing 50 million members. The digital yuan (e-CNY) has reached over USD 7.3 trillion in cumulative transaction volume, now used across more than 29 cities, including for transport, healthcare, and public services. WeChat Pay and Alipay are expanding internationally, with mobile payments accepted across 20+ countries through partnerships with platforms like Stripe. China's 2025 digital finance reforms are reshaping the ecosystem, targeting platform interoperability, data transparency, and enhanced consumer protection. Questions Covered What is the projected total volume of non-cash transactions in the Asia-Pacific region by 2028? What major digital investment has Alibaba committed to by 2028? How is AI reshaping China's digital payment platforms? What is the projected value of China's payments market by 2030? Which payment method accounted for over a quarter of Asia-Pacific's transactions in 2023? How has Generation Z influenced payment behaviour in China Company Coverage: Agricultural Bank of China American Express Apple China Construction Bank DeepSeek ICBC Mastercard Meta Moonshot AI Payoneer Stripe Taobao Tencent Tmall Visa WeChat Zoho Key Topics Covered: 1. Key Takeaways 2. Management Summary 3. Asia-Pacific Non-Cash Payments and Revenue Outlook Total Non-cash Transactions Volume, in volume billions, 2018 & 2021 - 2024e & 2028f Total B2B Non-cash Transactions Volume, in volume billions, 2018 & 2021 - 2024e & 2028f Payments Revenue Value, in USD trillion, 2013, 2018, 2020 - 2023 Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023 Payment Mix of New vs Traditional Payments, in % of Transaction Volume, 2023 Share of Payment Revenue Value, in %, 2027f 4. China: E-Commerce and Digital Payments Landscape 4.1. B2C E-Commerce Market Overview Number of Internet Users, in millions and Internet Penetration, in %, December 2020 - December 2024 Number of Online Shoppers, in millions, and Internet Penetration, in %, December 2020 - December 2024 Share of Online Physical Goods Sales, in % of Total Retail Sales of Consumer Goods, Q1 2025 Breakdown of Total Internet Users by Urban & Rural Areas, in %, Dec. 2023 & Dec. 2024 Top 5 Global Origins for Cross-Border Online Purchases, % of International Shoppers, 2024 Share of International Cross-Border Online Purchases, in %, 2018-2024 Top 3 Source Markets for Most Recent Cross-Border Online Purchase by Chinese Shop., in %, 2024 Willingness to Purchase Luxury or Designer Products Online Without Seeing Them First, in %, 2024 4.2. Leading Platforms and Payment Ecosystems in China Overview of Alibaba's AI Investment Strategy and Platform Integration, June 2025 WeChat Pay Availability on Alibaba's Taobao and Tmall Platforms, June 2025 Taobao and Tmall's Membership Strategy, AI Marketing, and Revenue Drivers, June 2025 Generative AI, Retail Productivity, Consumer Insights, Strategic Adaptation, June 2025 AI-Powered Advertising Strategies of Alibaba, Tencent, and May 2025 Alipay Tap!'s User Growth, Ecosystem Investment, and AI-Driven Healthcare Expansion, June 2025 BNPL Market Growth, Key Platforms, and Sectoral Integration, June 2025 4.3. Digital Consumer Trends and Payment Preferences in China Number of Mobile Internet Users, in million, and Penetration, in % of Internet Users, December 2020 - December 2024 Number of Livestream Users, in million, and Penetration, in % of Internet Users, December 2020 - December 2024 Share of New Internet Users by Age Group, in %, H1 2024 Mobile Wallet Penetration and Shifting E-Commerce Payment Preferences, June 2025 Functional Use of Generative AI Shopping Tools Among Early-Adopting Consumers, August 2024 Shifting Habits, Rising Spending, and Tech-Driven Convenience, June 2025 4.4. Innovation and Regulation Shaping China's Digital Payment Future Rise of e-CNY and WeChat Pay in Reshaping Global Payment Ecosystems, June 2025 Yuan Internationalization, Cross-Border Payment Infrastructure, and Outbound Tourism, June 2025 Antitrust Enforcement, Financial Data Flow Guidelines, and Online Identity Regulation, June 2025 Digital ID Reforms and their Implications for E-Commerce and Payments, June 2025 4.5. China's Online Payment Landscape: Methods, Usage, and Growth Forecasted Payment Market Size, in USD trillions, 2025e & 2030f Share of Consumer Transactions by Payment Method, in %, 2024 Share of Consumers Using WeChat Pay Daily, in %, 2023 WeChat Pay & Alipay Market Share in % and Ecosystem Penetration in Mobile Payments, 2023 Mobile Wallet Penetration among Adult Consumers, in %, Q2 2023 Mobile Wallet Ownership and Usage, in %, Q2 2023 Mobile Wallet Penetration, Digital Infrastructure, and Consumer Adoption, June 2025 Development of Online Payment Usage and User Penetration, December 2020 - December 2024 Card Transaction Value, in USD trillion, 2024 & 2028f Debit Card Transaction Value, in CNY trillions, 2020 - 2028f Credit and Charge Card Transaction Value, in CNY trillions, 2020 - 2028f Growth of Cross-Border Payments via Acquisitions and Global Partnerships, June 2025 Alipay and WeChat Pay Global Expansion and Cross-Border Usage Trends, June 2025 5. Conclusion: Strategic Evolution of China's Digital Payment Landscape in 2025 For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Oracle Advances National Security with New Sovereign, Air-Gapped Cloud Offering
Oracle Compute Cloud@Customer Isolated manages classified workloads to support mission success AUSTIN, Texas, June 17, 2025 /PRNewswire/ -- Oracle Defense Tech Summit -- Oracle today announced Oracle Compute Cloud@Customer Isolated, a secure, sovereign compute cloud service that can be disconnected from the internet, providing governments and regulated industries the required level of security and control for confidential data. For governments, ministries of defense, and intelligence agencies, as well as telecommunications and healthcare organizations, Oracle Compute Cloud@Customer Isolated is designed to help minimize risks of attacks, adhere to stringent regulations, and support national security. "Protecting national security has always been a top priority for Oracle," said Matt Leonard, vice president, edge cloud product management, Oracle. "Oracle Compute Cloud@Customer Isolated is designed to help regulated industries benefit from the cloud and AI, while also providing the flexibility to deploy anywhere." Oracle Compute Cloud@Customer Isolated delivers the same compute, storage, and networking services and tools available from Oracle Compute Cloud@Customer. It will help organizations accelerate AI innovation and improve efficiency, while maintaining sovereignty of their data and the operation of the underlying infrastructure. It can be deployed as a single rack and scaled up as needed, which enables organizations to quickly deploy OCI Compute services on-premises in isolation in locations with unique data sovereignty requirements. This empowers defense customers to quickly start their cloud migration wherever missions require support. One option is Oracle's Fast-Start path, which can deliver Oracle Compute Cloud@Customer Isolated on-premises in six to eight weeks while enabling customers to build out an Oracle Cloud Isolated Region for future use. Alternatively, customers can choose a phased journey, and transition from tactical edge computing, through Oracle Compute Cloud@Customer Isolated deployments, all the way up to a hyperscale, air-gapped Oracle Cloud Isolated Region. Oracle Cloud Isolated Region is disconnected from the internet and from other clouds, providing comprehensive control and enabling the required level of data sovereignty and security for defense operations. "As digital services become the operational backbone – from logistics to command and control – forces need connectivity that moves with the mission," said Andy Laidler, chief digital officer, Fujitsu Defence and National Security. "Fujitsu's Secure Cloud solution incorporates the full range of Oracle deployment options to ensure we deliver capability where it is needed most. Oracle Compute Cloud@Customer Isolated provides a secure, isolated environment and access to data anywhere, anytime, and under all conditions to help propel mission success." Oracle Compute Cloud@Customer Isolated will be available globally later this year. Additional Resources Learn more about Oracle Cloud Infrastructure Read about Oracle Cloud Isolated Region Learn more about Oracle Compute Cloud@Customer About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. View original content to download multimedia: SOURCE Oracle
Zawya
12-06-2025
- Business
- Zawya
Sport Impact Summit expands global footprint through strategic partnership with HOKO
Dubai, UAE: Following the resounding success of SIS 2024, the Sport Impact Summit (SIS) is proud to announce a new strategic partnership with HOKO, the UAE-based experiential agency, known globally for its premium hospitality brand Aioka and the newly launched AI innovation platform, HUMAIN. This partnership is a bold new chapter in SIS's global growth strategy, with HOKO leading the charge to expand SIS's presence into key international markets including Abu Dhabi, China, Bahrain, and Singapore over the next 12 months. Building on its Dubai launch, SIS is planning to host the second edition of the Summit in Abu Dhabi in December 2025. Founded by Bally Singh and Max Palethorpe, HOKO has delivered iconic activations for brands like McLaren, LVMH, and Mercedes-Benz, and Red Bull. Notably, HOKO's premium hospitality brand, Aioka, has redefined luxury at Formula 1 race weekends, offering bespoke experiences in cities like Monaco, Las Vegas, Singapore, and Abu Dhabi. Furthermore, demonstrating a keen foresight into the future of content creation, HOKO launched HUMAIN – a cutting-edge AI-driven platform that merges human creativity with artificial intelligence. And that's established under Saudi Arabia's Public Investment Fund. 'The collaboration with HOKO marks a pivotal moment for SIS,' said Sean Morris, Co-Founder of SIS. 'Bally and Max's team bring deep domain expertise in delivering world-class experiences at the intersection of sport, hospitality, and innovation. The partnership will help accelerate the global expansion into new markets as well as enhance the brand experiences across the Sport Impact Series. With innovation in sustainability taking centre stage in global sports and business arenas, this alliance aims to meet growing client demand for authentic and impactful sustainability solutions. HOKO's experiential expertise and deep relationships across elite sports and brand platforms create a high-impact pathway for SIS to deliver its mission worldwide. 'We've seen first-hand the growing demand from brands, rights holders, and venues to integrate sustainability into their core strategy,' said Balbinder Singh and Max Palethorpe, Founders of HOKO. 'SIS has created a bold and meaningful platform, and we're thrilled to partner with them to scale their vision globally.' The announcement reinforces SIS's commitment to supporting the UAE's Federal Decree-Law No. (11) of 2024 on the Reduction of Climate Change Effects, as it continues to further its mission of bridging sport, sustainability, and technology with tangible results. To learn more, please visit the websites – and About the Sport Impact Summit: The Sport Impact Summit (SIS) is a global platform at the forefront of driving sustainability, innovation, and social impact through the world of sport. Founded in the UAE, SIS brings together industry leaders, athletes, policymakers, investors, and innovators to explore how sport can be a powerful catalyst for climate action, technological advancement, and inclusive progress. Since its launch, SIS has rapidly grown into a leading voice in the global sport and sustainability movement. Its inaugural 2024 edition, held in Dubai, UAE. The event was graced by the presence of Sheikh Suhail Bin Butti Suhail Al Maktoum, Executive Director of the Sports Development Sector at the General Authority of Sports. And brought together over 200 global leaders, industry experts, and world-class athletes. The Sport Impact Summit (SIS) is on a bold mission to unite action and inspire 1 billion people to join the movement by leveraging the universal power of sport to drive meaningful change across seven transformative pillars. Innovation and Technology, Sustainable Sponsorship, Education and Communication, Human Health, Equality and Inclusion, Green Investment, and Legacy. Together, these pillars form the foundation of SIS's mission to use the power of sport to drive global impact and lasting change. Further information and media requests: For further information or to request an interview, please contact: BUZ (on behalf of Sport Impact Summit) Lawson Louis, PR Associate lawson@
Zawya
10-06-2025
- Business
- Zawya
Ruya unveils AI-generated brand film: You've got better things to do
Ajman, UAE – ruya, the UAE's first digital Islamic community bank, has launched a bold new film titled "You've Got Better Things to Do", a fully AI-generated campaign that speaks directly to the entrepreneurs, startups, freelancers, Camelicorns and SME owners who are fuelling the country's growth and who prefer simple, modern solutions over the complexities of traditional banking. The message is simple: your time is precious, and ruya helps you spend it where it matters most - on your business, not your bank. The film showcases everyday moments of business owners chasing their dreams, supported by ruya's seamless, mobile-first platform that eliminates banking hassles with instant account opening, no hidden fees, and fast, ethical financial services. In a deliberate creative choice, the film was developed entirely with generative AI, making ruya one of the first banks in the region to launch a campaign built with next-generation technology. The approach reinforces the campaign's core message: 'You've got better things to do… than make an ad the old-fashioned way'. By integrating AI into its creative process, ruya aligns with the UAE's national vision to lead in artificial intelligence and digital innovation. The campaign showcases not just innovation for its own sake, but purposeful use of technology to communicate more meaningfully with today's business community. 'This film represents an innovative step forward for the Islamic banking sector,' said Christoph Koster, CEO of ruya. "As a digital-first Islamic bank, we believe technology should simplify life, not complicate it. Embracing AI in our marketing is a natural extension of our forward-thinking ethos, as it reflects how we operate as a brand and how we believe banking should evolve: simple, smart, and aligned with the pace of today's world." The film is a direct reflection of ruya's values, blending modern convenience and guided by ethical Islamic principles that promote transparency, fairness, and community focus. The campaign is now live across ruya's digital platforms and can be viewed on the official YouTube channel at: ruya - You've got better things to do
