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J&T Express delivered 6.6 billion parcels globally in Q1 2025, marking a 31.2% year-on-year increase, with an average of 73.3 million parcels daily. The surge was driven by strong demand during Ramadan and partnerships with brands like Sephora and Globe Telecom, particularly in Southeast Asia, which saw 1.54 billion parcels. China contributed significantly with 4.98 billion parcels, while emerging markets like Saudi Arabia and Mexico experienced 19.4% growth, reflecting the expanding logistics landscape fueled by manufacturing diversification and e-commerce trends.
Saudi Arabia's Hawk Gaming Group has partnered with Japan's GLOE Inc. to enhance the gaming and esports sectors in both nations, aligning with Saudi Arabia's Vision 2030. This collaboration aims to leverage Japan's creative talent and content to expand its presence in the Middle East, contributing significantly to the Kingdom's economy and job creation ahead of the 2027 Olympic Esports Games in Riyadh.
IFZA showcased its services at AIM 2025 in Abu Dhabi, partnering with the Smart City Council to emphasize Dubai's ambition to be a leading smart city. The event facilitated connections with government stakeholders and industry leaders, focusing on innovation and sustainable growth. Holger Schlechter, CFO of IFZA, highlighted the importance of smart city development as a strategic imperative, while Julia Timms led discussions on maximizing returns in hospitality investments.
Microsoft is pausing some data center projects, including a $1 billion facility in Ohio, amid a reassessment of AI infrastructure needs. While demand for cloud and AI services surged, the company is adapting its strategy, halting early-stage developments and scaling back international expansions. Despite these changes, Microsoft plans to invest over $80 billion in AI infrastructure this fiscal year, maintaining its commitment to growth.
Ex-Tesla engineer Shuo Yang has co-founded Mondo Tech, a robotics startup based in Shenzhen and Palo Alto, focusing on developing mini robots as daily companions. Launched with a capital of 1 million yuan, the company aims to tap into the growing consumer robotics market, which is projected to reach RMB 300 billion by 2035. This trend reflects a broader shift in the industry, with increasing cross-border talent flow enhancing innovation in both the U.S. and China.
Chinese sellers on Amazon are facing significant challenges due to tariffs imposed by the Trump administration, prompting them to explore alternative markets. The ongoing trade tensions have forced these sellers to adapt their strategies in order to maintain competitiveness and profitability.
Bilateral trade between New Zealand and the UAE surged to $762 million in 2024, with a notable $240 million in the last quarter alone. The Comprehensive Economic Partnership Agreement (CEPA) is set to triple trade to $5 billion by 2032, enhancing investment opportunities in sectors like infrastructure and renewable energy.
Fintech firm Solid has filed for bankruptcy, marking a significant development in the financial technology sector. This move raises questions about the stability and future of similar companies in the industry. The implications of this filing will be closely monitored by investors and analysts alike.
Indian logistics startup Xindus has secured $10 million in a Series A funding round led by 3one4 Capital, with participation from Orios Venture Partners, Shastra VC, and Caret Capital. Founded in 2022, Xindus offers a comprehensive platform for SMEs in global trade, targeting sectors like fashion and wellness, and aims to increase its gross merchandise value from $30 million to $200 million over the next 12 to 18 months. This investment reflects a growing trend in India's logistics sector, driven by rising export ambitions and the increasing importance of efficient logistics solutions for SMEs.
Plus500 has launched a new subsidiary, Plus500Gulf Securities, in the UAE under a mainland license from the Securities and Commodities Authority (SCA), allowing for expanded trading options beyond CFDs, including share dealing and futures. This move follows two years of operation under a Dubai Financial Services Authority (DFSA) license, making Plus500 one of the few firms in the UAE with both regulatory approvals. The company aims to enhance the trading experience for UAE-based customers, supported by a strong financial performance in 2024, reporting revenues of approximately US$768 million and cash balances of around US$900 million.
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J&T Express reports 6.6 billion parcels delivered in first quarter of 2025
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