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Tencent, PayPal World team up to ease payments for travelers

Chinese tech giant Tencent announced on Wednesday that it has partnered with US fintech firm PayPal World to make it easier for international visitors to pay in China. Announced at the 2026 Shenzhen International Finance Expo, the partnership links Tencent’s TenPay Global with PayPal World, enabling travelers from the US to scan WeChat Pay codes…

Samsung UX designer rethinks how AI works on smartphones

Samsung UX designer Yongzun Wu thinks mobile phone users should not need to understand prompts or complicated settings, and AI should adapt to human behavior. [Photo provided to chinadaily.com.cn] As AI becomes one of the biggest priorities for global tech companies, smartphone makers are facing a new challenge — how to make AI truly useful…

YTO opens a new gateway with the launch of intl flight from Jiaxing

[Photo provided to chinadaily.com.cn] At around 11:00 on May 28, YTO Airlines flight YG9007 took off from Jiaxing for Dhaka, the capital of Bangladesh, marking the official launch of the first international cargo route from the Eastern Sky Gateway, YTO’s global aviation logistics hub in Jiaxing, Zhejiang province. The event also signified the formal activation…

Beverage companies thirsty for expansion

A drinks store run by Chi Forest, one of China’s fastest-growing beverage companies, at Wangfujing commercial street in Beijing. [Photo/VCG] Chi Forest, one of the fastest-growing beverage companies in the country, has started construction on its seventh wholly owned production facility, a move aimed at bolstering its supply chain nationwide and boosting delivery to central…

CITIC Securities plans 16b yuan H-Share placement to boost intl expansion

File photo of the CITIC Securities corporate logo. [Photo/VCG] CITIC Securities announced on Thursday plans to issue 794 million H-shares through a private placement to its major shareholder, CITIC Financial Holdings, at an issue price of HK$23.13 ($2.95) per share. The offering is expected to raise approximately 16 billion yuan ($2.36 billion), which will be…

Chinese firms in Gulf focus of new biz ties

Enhanced financial connectivity and localized support are becoming increasingly vital for Chinese enterprises deepening their presence in the Gulf region, a trend expected to unlock massive cross-border market opportunities, experts said. As cross-border businesses transition from early-stage market expansion to a new phase of supply chain localization, project construction, local operations and long-term financing, the…

Weixin Pay, PayPal tie up on payments

An illustration of Weixin Pay on a phone. [Photo/VCG] Tencent said on Wednesday that United States users of PayPal will be able to pay at tens of millions of Weixin Pay merchants across China by scanning QR codes, marking one of the most extensive integrations yet between China’s mobile payment ecosystem and foreign digital wallets.…

Rockit apples to blossom in nation

China has become Rockit’s largest global market, accounting for more than half of the brand’s total revenue, Grant McBeath, global CEO of New Zealand’s miniature apple brand Rockit, told China Daily in an exclusive interview. McBeath added that the company will continue to channel its core resources and highest-quality produce to the Chinese market going…

Chinese e-commerce platform in new AI regulation move

Chinese e-commerce platform Pinduoduo has stepped up efforts to regulate artificial intelligence-related content and services on its platform, as authorities move to strengthen oversight of the rapidly developing AI sector. The company said on Thursday that it will strictly prohibit sellers from publishing or selling a range of AI-related illegal products and services, including AI-assisted exam…

Swiss drugmaker Roche makes move into China’s neuroscience market

As China steps up efforts to adapt its healthcare system to support an aging population, Swiss drugmaker Roche is expanding its neuroscience footprint in the country. The company is confident that advances in diagnosis and targeted therapies can reshape treatment for neurological disorders long considered among medicine’s toughest challenges. Historically, developing drugs for the brain…