China

China’s online and mobile payment platform Alipay  has introduced its full-stack AI payment solution to partners across industries, ranging from AI companies to traditional retailers, and debuted two new services, namely the world’s first AI Wallet and Token Pay, to support the agentic economy’s rapid growth.

HSBC has launched a dedicated credit facility of $4 billion for mainland China companies in the clean energy and low-carbon sectors, with Vietnam identified as a key destination for the initiative.

Singapore-based AGIBOT Pte. Ltd, under Chinese humanoid robot developer AGIBOT, will supply up to 143 robots for deployment at a Michigan data center, focused on artificial intelligence (AI) operations.

Tencent Cloud, a cloud unit of Chinese giant Tencent, has partnered with Ryt Bank, an AI-powered bank in Malaysia, to support conversational banking services for everyday payments.

Under the guidance of Bank Indonesia and the People’s Bank of China, Indonesia and China have launched a cross-border QR payment linkage connecting Indonesia’s QRIS payment system with Chinese payment platforms through Alipay+ and UnionPay International.

The Infocomm Media Development Authority (IMDA) of Singapore and Chinese technology giant Tencent have launched a digital wellbeing campaign titled “Beyond the Screen: Healthy Digital Play,” aimed at encouraging healthier digital habits among families and strengthening offline connections through gaming.

China’s online and mobile payment platform Alipay has launched a new AI payment processing product aimed at enabling businesses in mainland China, including small firms and one-person companies, to accept payments from autonomous AI agents.

Singapore-based Ant International has introduced a new Agentic Mobile Protocol (AMP) to support the growing agentic commerce by enabling secure, AI-driven payment connections across mobile services.

Alibaba Cloud, the cloud computing subsidiary of Chinese giant Alibaba Group, continued as the largest Infrastructure-as-a-Service (IaaS) provider by revenue in the Asia-Pacific region, increasing its market share to 22.5% in 2025 from 20.8% in 2024.

Vietnam-based Goertek Technology Vina Co., Ltd., a subsidiary of Chinese manufacturing giant Goertek, has invested VND527.1 billlion ($20 million) more in its factory in the northern province of Bac Ninh, according to its draft environmental impact assessment sent to the provincial authorities.