NEW YORK, December 14, 2017 (GLOBE NEWSWIRE) — The China-U.S. Chamber of Commerce hosted a reception today welcoming honored new members and sharing high level forecasts regarding business opportunities in 2018. Chairman Wynn Wang greeted executives and government officials and described a confluence of trends that should result in an excellent business environment for cross border transactions. “The Chinese economy is expected to grow by 6.6% versus 2.3% in the United States. We are seeing rising activity in less developed regions of China to accelerate investments in areas like clean energy, healthcare and technology, and looking for potential partners in the US. We are making valuable introductions creating win-win relationships to support growth and innovation in both countries.”
According to Sanjay Sakhrani, Managing Director at KBW, a wholly-owned subsidiary of Stifel Financial (NYSE: SF) and a new member of the China-U.S. Chamber of Commerce, the prospects for growth and expansion in the e-payment sector in China is truly revolutionary. “It seems to us like there is no better example of how things might look like in the future than in China. Ant Financial’s Alipay and Tencent’s WeChat Pay have come to market in just the last three to four years, but have arguably become the fastest-growing outlet for e-payments growth domestically in China and have a material share of payments both offline and online. We believe that the domestic offline payments landscape in China has very clearly been redrawn to be more mobile based. It’s hard to imagine that the tide will turn in the other direction any time soon. We expect strong growth to continue into 2018 given the momentum in online and mobile commerce.”
Rollin W. King, Partner in ATX Seed Ventures, (www.atxseedventures.com), an Austin based early stage venture capital firm with a Texas regional focus, and another new member of the China-U.S. Chamber of Commerce, said; “ATX is investing in cutting edge technology with an emphasis on backing serial entrepreneurs and executives with prior success in growing successful companies. The growth potential is tremendous and the Chamber is connecting us with Chinese companies and state-owned enterprises that want to tap into new markets in clean energy, artificial intelligence, etc. We appreciate the Chamber’s introductions and support.” ATX Seed Ventures received the 2017 INNOVATION Award by the China-U.S. Chamber of Commerce in a ceremony that took place on July 25th in New York City.
About China-U.S. Chamber of Commerce: The China-U.S. Chamber of Commerce (www.cnusa.org) has been providing its members and the general public with first hand information relative to how to succeed at conducting business in both China and the United States for over a decade. The China-U.S. Chamber of Commerce has held various bilateral exchange activities including international investment and trade forums, business conferences and member enterprise information exchange activities. These efforts are provided to continuously improve the business investment and trade environment of China and the United States and to achieve a win-win solution. Heinlyn PR (www.heinlyn.com) is the public and investor relations arm of the Chamber.
About ATX Seed Ventures: Based in Austin, Texas, ATX Seed Ventures is an early stage venture capital firm that specializes in Texas-based technology companies. The firm’s investment focus is software, IoT, e-commerce and mobile applications. ATX seeks to be the first “institutional” capital by making Seed+ and Series A investments in industries that have been slow adopters of technology such as real estate, energy, agriculture, manufacturing, and financial services. ATX prefers to invest in revenue generating companies with proven and previously venture-backed entrepreneurs and executives who know how to achieve commercial scale. Please contact [email protected] for more information.
About KBW: KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.