Chinese stocks are expected to face challenges due to ongoing tariff uncertainties and limited domestic stimulus, according to UBS. The firm maintains a "Neutral" stance, highlighting risks from geopolitical volatility while favoring defensive sectors and high-yielding stocks like China Merchants Bank. Despite projected EPS growth of 8.5% for 2025, potential slowdowns in 2026 loom due to macroeconomic uncertainties.
Airwallex, a corporate payments service provider backed by Tencent, is in discussions to raise approximately $200 million in a new funding round aimed at supporting its growth. The company is targeting a valuation of around $6 billion and hopes to finalize the funding by year-end, although negotiations are still in the early stages and may change.
A viral video by Pakistani content creator Rana Hamza Saif showcases China's innovative palm payment system, Weixin Palm Payment, developed by Tencent. Filmed in Zhuzhou, it demonstrates how users can make purchases simply by scanning their palm over a sensor, processing transactions in seconds. This biometric technology allows registered users to pay effortlessly at various locations across China.
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