02:01 PM
On July 6, Hong Kong’s Financial Secretary published a blog stating that the positive momentum of the Hong Kong stock market is expected to continue in 2025, with a rapid increase in IPO applications. Chan highlighted that in the first half of 2025, the Hang Seng Index rose by 20%, surpassing 4,000 points, marking the largest half-year gain in points ever recorded. A total of 42 IPOs were completed in the first half, raising more than HKD 107 billion, which is approximately 22% more than the total raised last year, making Hong Kong the global leader in IPO fundraising. He noted that the market remains generally optimistic about the performance of both the Hong Kong stock and IPO markets in the second half of the year. The number of IPO applications in Hong Kong has been rapidly increasing,
On July 3, Bloomberg reported that BYD has suspended plans to build a large factory in Mexico due to geopolitical tensions and the uncertainty caused by U.S. President Donald Trump's trade policies. Li Ke, Executive Vice President of BYD, stated in an interview on Tuesday in Bahia, Brazil, that the company still intends to expand in the Americas, but there is no current timeline for new investments. The Bahia factory is BYD's first facility outside of Asia. On July 1, the company held its first vehicle rollout ceremony at the Brazilian factory.
02:00 PM
On the morning of July 6, local time, the 17th BRICS Summit officially opened in Rio de Janeiro, Brazil, marking the start of a two-day meeting. The summit, themed ‘Strengthening Global South Cooperation for More Inclusive and Sustainable Governance’, will focus on six key topics, including Global health cooperation; Trade, investment, and finance; Climate change; Artificial intelligence (AI) governance; Multilateral peace and security architecture; and Institutional development.
05:21 PM
On July 3, Alibaba Cloud announced it will invest over CNY 400 million in the coming year to specially support the development of its international partner ecosystem. This funding will mainly be used for joint marketing campaigns, incentive rebate programs, and training empowerment to help partners expand business, improve capabilities, and accelerate the global deployment of cloud and AI products. Currently, Alibaba Cloud has partnered with multiple technology companies from Europe, America, and the Asia-Pacific region, including Atos, Crayon, Dify, PingCAP, DXC Technology, Squirro, and Bespin Global. The collaboration covers areas such as large model applications and database services.
05:17 PM
On the morning of July 3, the “Zahel,” a roll-on/roll-off car carrier operated by Abu Dhabi Ports Group, loaded nearly 4,000 domestically made cars at Ningbo-Zhoushan Port and will set sail this afternoon on its maiden voyage. The vessel will pass through the Middle East, the Mediterranean, and Africa before finally arriving at Damietta Port, Egypt. This is the first roll-on/roll-off car export route through this region.
10:02 AM
On July 1 local time, BYD held the first vehicle off-line ceremony at its passenger car factory in Camaçari, Bahia, Brazil. The BYD passenger car factory is located in Camaçari within the Salvador metropolitan area. In July 2023, BYD announced the construction of a large production base complex here, comprising three factories, with a total investment of BRL 5.5 billion (approximately CNY 7.1 billion). The new energy vehicle production line at this base will manufacture pure electric and plug-in hybrid models, with a planned capacity of 150,000 units.
On June 30, the 10,000th EV battery pack was officially completed at the SVOLT Thailand plant in Chonburi, a joint venture between SVOLT Technology Co., Ltd and ANPU Public Company Limited. Chen Lei, General Manager of SVOLT’s Thailand base, stated that building on the stable mass production of EV battery packs, they are accelerating the construction of energy storage assembly lines. In the future, the company plans to expand into light power and energy storage sectors tailored to the Southeast Asian market.
04:50 PM
According to Thai media, on July 1, Thailand’s Constitutional Court announced its acceptance of a petition investigating whether Prime Minister Paetongtarn committed unconstitutional acts and decided to suspend Paetongtarn from exercising prime ministerial powers. On the same day, Paetongtarn spoke at the Prime Minister’s Office regarding the suspension by the Constitutional Court. She stated that concerning the recorded phone calls, her intentions were entirely for the country’s sake—to uphold national sovereignty, protect soldiers’ lives, and maintain national peace. She affirmed that she has a clear conscience, though the methods she used might not be accepted by some. She pledged to prove that she acted without any selfish motives and that all her actions aimed to prevent chaos and con
11:31 AM
The Hong Kong stock market has seen a surge in IPO activity this year. As of June 30, 43 companies have successfully gone public, compared to only 30 during the same period last year. Notably, IPO fundraising in the first half of this year reached HKD 106.71 billion, surpassing the total of HKD 87.68 billion raised in all of 2024, and marking the highest level in three years. According to exchange rankings, Hong Kong's IPO fundraising is the largest globally. In May and June alone, the total fundraising amounted to HKD 57.28 billion and HKD 27.87 billion, respectively.
04:24 PM
On June 30, 2025, TikTok Shop launched its e-commerce business in Japan, allowing Japanese consumers to purchase products directly within the TikTok app. Brands, merchants, and creators can also sell directly through shopping videos and live streams, providing a one-stop shopping experience from discovery to purchase. Many Japanese and global companies have already joined TikTok Shop, including Anchor Japan Co., Kao Group's KATE, Unilever Japan, and Lacoste Japan Co. (AIGLE).
02:53 PM
Saudi Arabia has experienced its strongest start to foreign direct investment (FDI) since 2022, with early signs indicating momentum in the country’s efforts to attract overseas capital to support its economic ambitions. According to preliminary data released by the Saudi Central Statistical Authority on Sunday, FDI inflows for the first quarter reached USD 6.4 billion, a 24% year-on-year increase, with a slight decrease compared to the previous quarter, which had seen the highest inflow in a year.
02:51 PM
On June 27, according to Hong Kong Stock Exchange documents, Roborock submitted a listing application to the Hong Kong Stock Exchange, with J.P. Morgan and CITIC Securities acting as joint sponsors. Earlier, on June 6, Roborock announced its intention to list and issue H-shares on the main board of the Hong Kong Stock Exchange. It plans to appoint Ernst & Young as the auditor for the H-share issuance and listing. The funds raised will primarily be used for international business expansion, product research and development, product portfolio expansion, working capital replenishment, and general corporate purposes.
06:34 PM
On June 23, Chinese mobility platform HelloRide announced its entry into the Robotaxi market. The company, along with Ant Group and CATL, has jointly established "Shanghai Zhaofu Intelligent Technology Co., Ltd." through their respective investment arms. The company is registered in Shanghai with a capital of CNY 1.29 billion . According to HelloRide, the new entity will focus on the development of L4 autonomous driving technology, safety applications, and commercialization. Founded in 2016 and headquartered in Shanghai, HelloRide started with a shared bicycle business and now offers services across mobile mobility and emerging local services.
07:00 PM
On June 9, TikTok announced its plan to expand investment in the UK, including the establishment of a new office in London, an increase in business scale, and the creation of over 500 new jobs. According to the statement, TikTok's UK workforce will rise to 3,000 employees this year, with more than 500 additional positions. The company is investing in a new office in the Barbican area of London, which will be larger than the UK headquarters opened in 2022, and is expected to open in early 2024. TikTok stated that this investment will bring its infrastructure spending in the UK to approximately GBP 140 million. The statement also noted that TikTok now has over 30 million monthly users in the UK, making it the platform’s largest user community in Europe.
02:03 PM
On Monday, June 9, Didi launched its food delivery service in Brazil through its brand 99Food, ahead of the launch of Keeta, a service under Meituan, in the Brazilian market. The first phase of the food delivery operation has been rolled out in Goiânia, a city in central Brazil with a population of about 1.5 million. This trial run in a smaller city is intended to prepare for future expansion into larger cities.
11:26 AM
CaoCao Inc. ("CaoCao") has recently passed the Hong Kong Stock Exchange listing hearing and disclosed the post-hearing information set on June 10. Huatai International, Agricultural Bank of China International, and GF Securities (Hong Kong) are acting as joint sponsors. Founded in 2015, CaoCao, a ride-hailing platform incubated by Geely Group, has become one of the largest ride-hailing platforms in China. As of December 31, 2024, CaoCao's business has expanded to 136 cities, with 85 new cities added in 2024. In 2023 and 2024, CaoCao's total Gross Transaction Value (GTV) reached CNY 12.2 billion and CNY 17 billion, respectively, showing a year-on-year growth of 37.5% and 38.8% . Additionally, CaoCao launched its CaoCao Intelligent Driving autonomous driving platform on February 28.
05:07 PM
Starting today, China has implemented a pilot visa-free policy for ordinary passport holders from Saudi Arabia, Oman, Kuwait, and Bahrain. From June 9, 2025, to June 8, 2026, ordinary passport holders from the above-mentioned countries visiting China for business, tourism, family visits, exchange visits, or transit can enter China without a visa for up to 30 days. Together with the United Arab Emirates and Qatar, which have had full mutual visa exemption with China since 2018, China has now achieved full visa-free coverage for all Gulf Cooperation Council (GCC) countries.
05:00 PM
The Director of the Service Trade Division at the Ministry of Commerce introduced the development of service trade in January-April 2025. During this period, China’s service trade maintained robust growth, with the total import and export value reaching CNY 2.63 trillion, up 8.2% year-on-year. Specifically, exports amounted to CNY 1.13 trillion, an increase of 14.6%, while imports totaled CNY 1.50 trillion, growing by 3.9%. The service trade deficit stood at CNY 375.02 billion, a decrease of CNY 87.56 billion compared to the same period last year.
12:12 PM
According to South Korea’s JTBC on June 3, the vote counting for the 21st presidential election of South Korea concluded around 5:03 AM local time on June 4. Based on the results, Lee Jae-myung, the candidate from the Democratic Party, received 49.42% of the vote (17.2875 million votes), while Kim Moon-soo, the candidate from the People Power Party, garnered 41.15%, and Lee Jun-sik from the Reform Party earned 8.34%. Experts analyzed that Lee Jae-myung's victory is likely to lead to significant changes in South Korea’s domestic and foreign policies, which presents a relatively favorable opportunity for China-South Korea relations.
12:10 PM
According to Shanghai Customs, in the first four months of 2025, Shanghai’s total foreign trade imports and exports amounted to 1.4 trillion CNY, a year-on-year increase of 1%. Among this, exports performed particularly well, reaching 629.02 billion CNY, a 13.8% increase compared to the same period last year. (Source: CCTV News)
