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In 2026, Reddit’s data licensing agreement with Google, reportedly worth about US$60 million per year, is set to expire and come up for renewal. Together with a sister agreement signed with OpenAI around the same period, the two deals currently contribute roughly US$130 million in annualized data licensing revenue to Reddit.

As the global shift toward digital currencies continues to mature, the stablecoin market is seeing a potentially significant new development. According to reports, more than 100 financial and technology institutions, including Visa and Stripe, have joined forces to form the Open Standard alliance, which is expected to launch the U.S. dollar stablecoin Open USD later this year.

In recent years, as the two-way investment landscape between China and the rest of the world has markedly changed, the scope of Hong Kong’s bridging role has also expanded. To analyse this evolution and the development opportunities it presents, it is necessary to examine trends in the data on China’s realized foreign direct investment (FDI) and outward foreign direct investment (ODI).