Tencent

CreativeFitting Completes Multi-Million-Dollar Pre-A++ Round of Financing

Recently, Chinese AI short drama platform CreativeFitting announced the completion of a multi-million-dollar Pre-A++ round of financing, led by existing shareholder Unity Ventures. Leveraging its self-developed AI short drama creation platform, the company has gathered a group of AI short drama creators and launched Reel.AI, the world's first AI short drama app. Its current ARR has exceeded USD 10 million.

'Summer Davos 2025' Kicks Off Today in Tianjin

The 16th Annual Meeting of the New Champions (Summer Davos 2025) will be held in Tianjin, China, from June 24 to 26, organized by the World Economic Forum. According to the Ministry of Foreign Affairs on June 23, Premier Li Qiang will attend the forum from June 24 to 25. During this time, Premier Li will attend the opening ceremony, deliver a special address, and meet with foreign guests attending the forum.

Cainiao Establishes Cross-Border Logistics Network Between GCC Countries

On June 23, Cainiao made a significant advancement in its global logistics network by establishing a cross-border logistics network for parcel delivery between the GCC (Gulf Cooperation Council) countries in the Middle East, with deliveries taking as little as three days.

China Implements Visa-Free Policy for Citizens of Brazil and Four Other Countries

Starting June 1, China implements a visa-free policy for ordinary passport holders from Brazil, Argentina, Chile, Peru, and Uruguay. Under this policy, from June 1, 2025, to May 31, 2026, citizens of these five countries can enter China for business, tourism, visiting relatives and friends, cultural exchanges, or transit purposes for up to 30 days without the need for a visa.

Kuaishou Releases Q1 2025 Financial Report

On May 27, Kuaishou Technology ("Kuaishou" or the "Company"), a chinese content community and social platform, released its Q1 2025 financial report, with total revenue reaching CNY 32.6 billion, a year-on-year increase of 10.9%. Adjusted net profit was CNY 4.6 billion , with an adjusted net profit margin of 14%.

The ASEAN Foreign Ministers' Meeting was held on January 19 in Langkawi, Malaysia

Prosus Acquires Latin American Online Travel Platform Despegar for $1.7 Billion

Dutch multinational company Prosus has announced its acquisition of Despegar, a leading online travel agency in Latin America, for $1.7 billion. The deal is expected to be completed in the second quarter of 2025 and aims to strengthen Prosus’s position in the growing Latin American travel market while accelerating its global expansion strategy.

Trump's Threat to Reclaim Panama Canal Sparks Latin American Support for Panama

Chinese Enterprises Actively Seek Investment Opportunities in Vietnam

The UAE will impose a 15% Domestic Minimum Tax Top-Up on large multinational companies.

The Syrian transitional government officially takes over.

Hisense opens flagship store in Riyadh, Saudi Arabia.

TikTok will establish its regional headquarters in Saudi Arabia.

Why Are Young People Hooked on Chinese Phone Cases?

Dingdong Maicai Officially Enters the Middle East Market.

The CEO of Saudi Arabia's NEOM project resigns.

The Export of Chinese "Modular Houses" to Saudi Arabia

Yuanda Group and Saudi Gulf Group Join Forces to Build Joint Venture Elevator Factory.

The Hong Kong Stock Exchange will establish an office in Riyadh, Saudi Arabia.

Argentine Foreign Minister Dismissed for Supporting U.S. Lift of Cuba Embargo