UAE – Mubasher: Shanghai-based XTransfer, a cross-border financial and risk management services company, has made its debut in the UAE during the Light+ Intelligent Building Middle East 2024 exhibition that was held in Dubai.
XTransfer plans to expand its presence in the Middle East market by facilitating trade between Middle Eastern and Chinese enterprises as well as by improving trade convenience for Middle Eastern and global enterprises, according to a press release.
The firm's data shows nearly a 15.20% annual growth in money collected by Chinese SMEs from the UAE in 2023.
XTransfer, which has been focusing on B2B foreign trade financial services for six years, benefited more than 400,000 foreign trade enterprises. The company launched its internationalisation service in 2024, attracting trading enterprises from across the globe.
Meanwhile, more than 350 innovative lighting companies worldwide presented their advanced smart lighting products and technologies at the Light+ Intelligent Building Middle East 2024 event, which marked an 88% surge in participating businesses compared to 2023.
