First travel hotel: net loss of 232 million yuan in the first quarter

Mixue Ice Cream & Tea's Listing: Capital Ambitions and Global Quest of a Budget Tea Giant

EqualOcean Weekly Hotspots Series (7/13-7/18)

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

111 Million People, Yet AI Still Can't Break Through in Egypt

On July 6–7, 2025, the BRICS Summit in Rio highlighted AI governance as a core topic. As Chinese AI firms like DeepSeek expand globally, AI is no longer just a domestic growth tool—it’s a strategic export. BRICS countries are deepening cooperation with China in AI regulation, innovation, and deployment. This article focuses on Egypt, now a key hub in China’s global AI push.

How China's AI is Powering Egypt's Digital Engine

On July 6–7, 2025, the BRICS Summit in Rio highlighted AI governance as a core topic. As Chinese AI firms like DeepSeek expand globally, AI is no longer just a domestic growth tool—it's a strategic export. BRICS countries are deepening cooperation with China in AI regulation, innovation, and deployment. This article focuses on Egypt, now a key hub in China's global AI push.

TCab Tech's E20 eVTOL secures China's largest single overseas eVTOL order worth USD 1 Bn

On July 16, UAE-based company Autocraft and TCab Tech signed a purchase agreement, investing USD 1 billion (approximately CNY 7.1 billion) to order 350 E20 electric vertical take-off and landing aircraft (eVTOL) independently developed by TCab Tech. This amount far exceeds the record of CNY 3.5 billion in intended orders set by domestic similar models in February 2025, becoming a new record for the single order amount in China's eVTOL sector.