Hong Kong

Industry News

HKICEC Launches Global Mobile Exchange Pavilion Featuring UAE and Chinese Industry Leaders

The Hong Kong International Communications Electronic Chamber debuted its inaugural Global Mobile Exchange Pavilion at the Global Sources Mobile Electronics Show. Spanning 600 square meters, the showcase gathered nearly 60 industry leaders from mainland China, Hong Kong, the UAE, and other global markets. The event included an international mobile device lifecycle forum and a networking gathering for over 500 delegates.

China–UAE News

Chinese Autonomous Driving Firms Expand Commercial Robotaxi Operations in the UAE

Chinese autonomous driving companies including WeRide and Baidu Apollo Go are expanding commercial robotaxi deployments across the UAE, specifically in Abu Dhabi and Dubai. WeRide has partnered with Uber and Grab, while Apollo Go has deployed autonomous taxis on Dubai streets. Alongside international rollouts, firms face market challenges including financial losses and stock volatility.

China–UAE News

Saudi Central Bank Ends mBridge Pilot as Platform Processes 67 Billion Dollars

The Saudi Central Bank confirmed its pilot participation in the mBridge cross-border digital currency platform ended on May 13, 2025. Between mid-2024 and late 2025, mBridge processed 4,868 transactions valued at $67 billion, with the digital yuan comprising 96% of volume.

Industry News

Citi Expands Token Services to UAE and Japan for 24/7 Liquidity

Citi has expanded Citi Token Services into Japan and the United Arab Emirates, bringing its blockchain-based liquidity platform to seven global markets. The service enables corporate and institutional clients to transfer funds 24/7 without traditional cut-off times or holiday calendars. Under the expansion, the UAE supports both US dollar and euro transactions, while Japan supports US dollars.