The Chinese tech trinity of Baidu, Alibaba and Tencent — known as BAT — may dominate headlines, but a trio of up-and-coming companies with the acronym TMD are now “waiting in the pipeline” for public listings, an investment bank executive said Wednesday. “I think 2018 and 2019 are probably going to be busy years for […]

Japanese Prime Minister Shinzo Abe said on Wednesday he wanted to meet with South Korean President Moon Jae-in to convey Japan’s stance on the two countries’ 2015 agreement on “comfort women,” confirming his plans to attend the Pyeongchang Olympics next month. “I want to hold a summit meeting to firmly convey Japan’s stance on the […]

Member countries of the Association of Southeast Asian Nations need to significantly step up their spending on cybersecurity to tackle digital threats, according to a new report. Not doing so can potentially cost the top 1,000 companies in the region about $750 billion in market capitalization, and derail digital innovation. Those were some of the […]

Wall Street closed mostly higher as investors stateside focused on earnings releases ahead of Asia’s Wednesday trading day. U.S. stocks closed mixed on Tuesday, with market focus shifting from politics to corporate earnings after a three-day government shutdown came to an end on Monday. Of note, shares of Netflix jumped 10 percent after the video […]

Free trade versus protectionism is a dominant theme at the 2018 World Economic Forum in Davos, according to the president and CEO of Suntory. The Japanese executive, Takeshi Niinami, argued that free trade agreements between countries, and market penetration are more important than ever in order to “reject the nation first concept.” Business leaders need […]

Billionaire business magnate Jack Ma is calling on other entrepreneurs to support his plans to lift millions of poor Chinese children out of poverty and give them better access to education. The founder and executive chairman of e-commerce behemoth Alibaba said that investing in rural boarding schools could provide a solution for China’s “left-behind children” […]

China needs to push ahead with urbanization to close in on the yawning divide between the rich and the poor, an award-winning science fiction writer of a dystopian Beijing told CNBC. The biggest factor in decreasing inequality in China so far has been the country’s rapid urbanization, said Hao Jingfang, the writer of “Folding Beijing.” […]

Seoul’s presidential Blue House rejected criticism on Tuesday that next month’s Winter Games will be the “Pyongyang Olympics,” saying the event will help defuse tensions over North Korea’s weapons programs. Some opposition politicians and conservative civic in South Korea have been criticizing North Korea’s participation in the Games, to be held in the South Korean […]

It seems like a game everyone wins: some of China’s biggest tech companies, looking to hook in new consumers, are using cash prizes to draw millions of contenders to mobile-based online quiz shows. Up to 6 million people at a time log into the free, live games on their smartphones to answer a series of […]

China invited Latin American and Caribbean countries to join its “One Belt, One Road” initiative on Monday, as part of an agreement to deepen economic and political cooperation in a region where U.S. influence is historically strong. Chinese Foreign Minister Wang Yi said the region was a natural fit for the initiative, which China has […]