Universal Studios park in China to have facial recognition tech

ans get ready to enter Hogsmeade at the Grand Opening of the Wizarding World of Harry Potter" at Universal Studios Hollywood, in Universal City, California. (File/AFP)
Updated 18 October 2019
Follow

Universal Studios park in China to have facial recognition tech

BEIJING: The Universal Studios amusement park under construction in Beijing will admit visitors without a ticket — thanks to cameras that will scan their faces to determine if they’ve paid for entry.
The technology is part of a host of services owned by Chinese Internet giant Alibaba that will be integrated into Universal’s park, the companies announced at a press event in Beijing on Thursday.
Inside the park, facial recognition cameras linked to Alibaba’s Alipay electronic payment platform will allow visitors to open storage lockers, pay for meals and join express queues for rides.
Facial recognition technology is gaining traction across China, where it is being used for everything from supermarket checkouts to surveillance.
While researchers have warned of the privacy risks associated with gathering facial recognition data, consumers have widely embraced the technology.
“There is no more seamless way to enjoy what we’re building than using the Alibaba technology,” said Brian Roberts, CEO of Comcast, which owns Universal.

Alibaba, which rose to prominence as an online shopping company, has in recent years invested intensively in entertainment and tourism.
The company’s Alipay app is widely used in China alongside rival WeChat Pay as an alternative to cash.
Universal’s Beijing park, which will feature characters from Hollywood blockbusters like Harry Potter and Kung Fu Panda, was first announced in 2014 after receiving approval from China’s top economic planner, the National Development and Reform Commission.
Construction is under way in the Chinese capital’s Tongzhou suburban district and the park is expected to open its gates in 2021.
Visitors who don’t wish to have their faces scanned will still have other ways of getting into the park and paying for food and merchandise, Universal staff told AFP.
The Beijing amusement park, part of a larger resort that will include three hotels, will be competing for the Chinese market against Shanghai’s Disneyland, which opened in June 2016.


Closing Bell: Saudi benchmark index closes lower at 10,540 

Updated 24 December 2025
Follow

Closing Bell: Saudi benchmark index closes lower at 10,540 

RIYADH: Saudi equities ended Wednesday’s session lower, with the Tadawul All Share Index falling 55.13 points, or 0.52 percent, to close at 10,540.72. 

The sell-off was mirrored across other indices, with the MSCI Tadawul 30 Index retreating 5.79 points, or 0.41 percent, to close at 1,393.32, while the parallel market Nomu slipped 74.56 points, or 0.32 percent, to 23,193.21.  

Market breadth remained firmly negative, as decliners outpaced advancers, with 207 stocks ending the session lower against just 51 gainers on the main market. 

Trading activity moderated compared to recent sessions, with volumes reaching 123.5 million shares, while total traded value stood at SR2.72 billion ($725.2 million). 

On the sectoral and stock level, Al Moammar Information Systems Co. led the gainers after surging 9.96 percent to close at SR172.30, extending its rally following a series of contract announcements tied to data center and IT infrastructure projects.  

Al Masar Al Shamil Education Co. climbed 4.89 percent to SR27.48, while Naqi Water Co. advanced 3.36 percent to SR58.50. Al Yamamah Steel Industries Co. and Al-Jouf Agricultural Development Co. also posted solid gains, rising 3 percent and 2.86 percent, respectively. 

Losses, however, were concentrated in industrial names. Saudi Kayan Petrochemical Co. fell 3.67 percent to SR4.73, while Makkah Construction and Development Co. slid 3.44 percent to SR80.  

Saudi Tadawul Group Holding Co. retreated 3.28 percent to SR147.50, weighed down by broader market weakness, and Saudi Cable Co. declined 3.18 percent to SR143.  

Alkhaleej Training and Education Co. rounded out the top losers, shedding just over 3 percent. 

On the announcement front, BinDawood Holding announced the signing of a share purchase agreement to acquire 51 percent of Wonder Bakery LLC in the UAE for 96.9 million dirhams, marking a strategic expansion of its food manufacturing footprint beyond Saudi Arabia.   

The acquisition, which remains subject to regulatory approvals, is expected to support the group’s regional growth ambitions and strengthen supply chain integration.  

BinDawood shares closed at SR4.68, up 0.43 percent, reflecting a positive market reaction to the overseas expansion move.  

Meanwhile, Al Moammar Information Systems disclosed the contract sign-off for the renewal of IT systems support licenses with the Saudi Central Bank, valued at SR114.4 million, inclusive of VAT.   

The 36-month contract is expected to have a positive financial impact starting from fourth quarter of 2025, reinforcing MIS’s position as a key technology partner for critical government institutions. The stock surged to the session’s limit making it the top gainer. 

In a separate disclosure, Maharah Human Resources confirmed the completion of the sale of its entire stake in Care Shield Holding Co. through its subsidiary, Growth Avenue Investments, for a total consideration of SR434.3 million.  

The transaction involved the transfer of 41.36 percent of Care Shield’s share capital to Dallah Healthcare, with Maharah receiving the full cash proceeds.  

Despite the strategic divestment, Maharah shares closed lower, ending the session at SR6.12, down 1.29 percent.