VENTURE CAPITAL POST

Uber Technologies Inc. said it had been given approval from Jakarta governor to operate as a fully legal entity in the Indonesian capital, assuming it meets local tax rules and other requirements laid out by the government.

Hong Kong's international financial hub is reeling under pressure as the world's largest and second largest economies are impacting it more in a negative way.

On Thursday, the new market forecast said that global smartphone sales growth will cool to single digits for the first time amid the China's economic slowdown. IDC predicted the 9.8% increase in global smartphones shipment to a total of 1.43 billion units. Android dominates the market share with 81.2% with Apple holding only 15.8%.

China shows support to its long-time ally, Africa, by providing the continent funding support worth $60 billion.

In order to ensure faster processing of foreign arms sales in the US, the government is putting immense effort. In the financial year 2015, the foreign arms sales heaved 36% to 46.6 billion. Besides, as per pentagon official's view, the sudden surge expected to remain strong in the coming years.

One of the largest property developers in China, Evergrande Real Estate Group Ltd., acquired 50 percent share from Great Eastern Life Assurance Co for 3.9 billion yuan, or $610 million, to get into the insurance industry.

The skyrocketing oil inventories are paving the way for more traffic jams on the seashores as oil tankers are queuing up along the US Gulf Coast. The uncompromised Opec's decision to continue its production level coupled with shale production in the US is adding to huge volumes of inventories.

Apple Pay is stealing consumer's loyalty in multiple countries. After the introduction of rival services Samsung Pay and Google's Android Pay, Apple Pay also considers the need to expand itself, especially to China which represents as significant business opportunity for mobile-payments systems.

Australian Prime Minister Malcolm Turnbull urged Chinese Premier Li Keqiang to hasten environmental tests of sulfur content on coal imports as Australian exporters claim that the new standards disrupts the trade and drives down the already low prices.

The world's largest and second largest economies have established 'Space Hotline,' a new communications channel to serve as a diplomatic safety valve.

World's biggest drone maker, the China SZ DJI Technology Company announced that they are planning to open its first flagship store in China. According to the announcement, the company will open a store in the heart of Shenzhen shopping center as soon as December before the shopping district get busier as customers preparing for a festive season.

US President Barack Obama is heading for an Asian trip and is expected to join the APEC Summit in Manila to talk about the Trans-Pacific Partnership. The Asia-Pacific Economic Co-operation (APEC) summit, which will be attended by all Asia-Pacific leaders will be the center of Obama's attention to deliver a speech and convince leaders to sign the agreement.

China will double the deposit needed for investors to obtain funds to trade stocks, known as margin trading - The Shanghai stock trade explained on Friday, as authorities look to constrain a practice that made an enormous market bubble.

China to face decline in copper imports for the next year as the response of its weak domestic demand on copper driven by slowing economy in the country. China released weaker than expected economic data that raised serious concerns over the country's future demand for industrial metal.

Indonesia's Foreign Minister on Thursday announced that its country demanded China to explain and prove its claims on the South China Sea, as Indonesia accuses China of claiming parts of the Indonesian-ruled Natuna Islands to be part of China's nine-dash line.