Business Brief (May 14): Xi, Trump Kick Off Summit in Beijing

Published: May. 14, 2026 12:28 p.m. GMT+8

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Trump arrives in Beijing

At the invitation of Chinese President Xi Jinping, U.S. President Donald Trump arrived in Beijing on Wednesday evening for a state visit, where he was welcomed by Chinese Vice President Han Zheng. A welcoming ceremony is held Thursday morning at the Great Hall of the People, followed by a meeting between the two leaders.

China and U.S. hold talks in South Korea

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Trump arrives in Beijing for state visit with Xi Jinping; US-China trade talks in South Korea.
UAE resumes oil exports via ship-to-ship transfers with Chinese aid; Chinese tanker exits Strait of Hormuz.
A-shares rally, ChiNext hits record 4,000; Tencent Q1 profit +20%, Alibaba revenue +3% to 243.4B yuan.

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Who’s Who

Tencent Holdings Ltd.: Tencent Holdings Ltd. reported a 20% year-on-year increase in first-quarter net profit and plans to further increase AI-related capital expenditures in the second half of the year.

Alibaba Group Holding Ltd.: Alibaba Group Holding Ltd.’s earnings for the quarter ended March missed expectations, with profit plunging due to dual investments in AI and on-demand retail, while revenue rose 3% year-on-year to 243.4 billion yuan.

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