Egyptian President Faces ChallengesEgyptian President Mohamed Morsi took office on June 24th with the strong support of the Muslim Brotherhood and many Egyptians. However after Morsi granted himself more and more powers to “protect” the nation in late November， hundreds of thousands of protesters began demonstrating against him. Morsi will face many challenges in the coming year.Tencent’s Ambitious Plan on WechatWeChat， which was launched in January 2011 in China， has been climbing in the ranks of mobile applications and expanding quickly in the global markets. As China’s biggest Internet company， Tencent Holding Ltd plans to make WeChat its new strategy focus in the era of mobile Internet， even tries to transform it from a pure communication tool to a platform.CNPC’s Firm Foothold in AfricaCNPC， China’s largest oil and gas producer and supplier， successfully helped African countries Chad and Niger develop their energy industry， which are considered as the most important problem to restrict the economic development of those two countries. As a result， the prices of refined oil in Chad fell by 30% than before and Niger becomes an oil exporter from an original oil importer.Struggle for Internet Lottery Licenses China’s lottery industry is vast and the potential is huge with the total lottery sales around RMB 200 billion in the first ten months of 2012. The central government is currently straightening out the lottery market and is preparing to issue licenses for Internet lottery sales. Many companies including major Internet giants are busy competing for the Internet Lottery licenses.