Hong Kong-based private equity and venture capital firm First Eastern Investment Group is betting big on China’s burgeoning financial technology sector, its chairman and chief executive told CNBC. “I’m putting my money on Chinese fintech, particularly the payments sector going global,” Victor Chu said Friday on the sidelines of the Fortune Global Forum in Guangzhou, […]

Robots are changing the way people live and Kuka wants a big slice of the pie in China, where the company is gunning to lead the market. “Our goal is really to be number one in China,” said Till Reuter, CEO of the German firm that was acquired last year by Chinese electrical appliance manufacturer […]

China reported its latest batch of trade data on Friday. Chinese dollar-denominated exports rose 12.3 percent year-over-year for the month of November, easily topping the 5 percent expected by a Reuters poll. Similarly, November’s dollar-denominated imports rose 17.7 percent against the year-ago period, compared to an 11.3 percent gain expected by a Reuters poll. Overall, […]

Japan’s economic growth rate doubled in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks to buoyant exports. The capital expenditure component of gross domestic product was revised to a rise of 1.1 percent from the previous quarter, well over the forecast 0.4 […]

The cryptocurrency market has had a banner year thanks to the meteoric rise in bitcoin prices and the huge popularity of initial coin offerings as a new way of fundraising. Many people are buying into new digital tokens with the assumption that those virtual currencies will appreciate over time at levels similar to bitcoin, or […]

U.S. markets finished higher on Thursday ahead of Asia’s Friday trading day as investors awaited developments regarding tax reform. In Asia, markets will await the release of trade data out of China for clues about the health of its economy. Tax reform was in focus on Wall Street as investors anticipated potentially lower corporate taxes […]

A senior U.S. official has cast doubt over whether U.S. athletes will able to compete at the 2018 Winter Olympics in South Korea amid heightened tensions with the North. U.S. Ambassador to the United Nations, Nikki Haley, said the prospect of U.S. athletes participating in February was an “open question.” When asked by Fox News […]

The United States’ proposed tax reform is projected to boost corporate earnings — and most of those savings are likely to go into shareholders’ pockets, said former U.S. Commerce Secretary Penny Pritzker. If the tax plan is passed, as many are expecting, the U.S. will see corporate taxes fall from current rates of 35 percent […]

Consumption and innovation will be the two major growth drivers in China in the years ahead as the economic giant moves into its next phase of expansion, a JPMorgan Chase expert said Thursday. In the next three years, China’s consumption will grow from the current $4 trillion to $6 trillion — an addition that is […]

China’s e-commerce giant Alibaba said on Thursday it signed an agreement with Ford Motor on strategic cooperation to jointly explore areas such as connectivity, cloud computing and artificial intelligence. “The agreement aims to explore new ways to redefine how consumers purchase and own vehicles, as well as how to leverage digital channels to identify new […]