President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
The week's news showed how Snapchat and WeChat have cemented their place in the ranks of big tech, investors told CNBC.
Snapchat was in the spotlight this week after it reportedly bought search and discovery app Vurb for over $100 million, according to technology news site The Information. Meanwhile Tencent, owner of Chinese messaging ecosystem WeChat, saw monthly active user accounts jump 34 percent year on year to 806 million.
The market did not let those moves go unnoticed by rivals: Evercore ISI downgraded shares of Twitter, in part citing Snapchat's growth. And Tencent topped Alibaba as China's most valuable technology company.
"It's become part of popular culture, and that really is the thing that has separated Snapchat from a lot of other sort of aspirational messaging and social networks," Jeremy Liew, partner at Lightspeed Venture Partners and investor in Snapchat, told CNBC's "Squawk Alley " on Friday.
At an $18 billion private valuation, according to CB Insights, Snapchat's money has gone a long way toward scooping up companies in Silicon Valley. Like competitor Facebook is known to do, Liew said he thinks Snapchat will be selectively adding functionality and high-quality teams through acquisitions.
"You can look backwards and see some of the successful acquisitions that the company has done in the past, that really have kind of helped fill out this role as sort of a core home screen app for its users," Liew said. The lenses product, that has been so incredibly successful, came through an acquisition, and Bitmojihas also been an amazingly successful launch. "
Tencent, meanwhile, has used WeChat to overcome its reputation as a gaming company, to become more like Facebook, Netflix and Amazon combined, said Hans Tung, managing partner at GGV Capital.
"You can do pretty much everything on WeChat — it's one single app that unifies all apps," Tung told CNBC's "Squawk on the Street. "
It comes as the economy in China moves online, putting Tencent in a position to take advantage of future growth, Tung said.
"Over the last few years as WeChat's continued to grow, they've started the monetization of WeChat with advertising and other things," Tung said. "Now you have multiple growth engines ... retail investors in Hong Kong understand that story very, very well and are giving them credit for that."