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Asia-Pacific companies

  • Thursday, 12 September, 2024
    Transsion Holdings
    China’s smartphone ‘King of Africa’ hit by detention of finance chief

    Shanghai-listed Transsion also facing growing competition in African market and legal challenges over intellectual property

    A person holds a Tecno phone in a mobile phone booth in Nigeria
  • Wednesday, 11 September, 2024
    Inside BusinessChris Kay
    Pressures mount in India’s delivery market for anything, anytime

    Reliance and Google-backed Dunzo reported to have cut staff as competition intensifies

    A Dunzo delivery driver waits with an order near a closed gate on the outskirts of New Delhi
  • Wednesday, 11 September, 2024
    Huawei Technologies
    Huawei takes on Apple in China with $2,800 trifold phone

    Mate XT, released hours after launch of iPhone 16, already has 5mn pre-orders

    Huawei's new trifold smartphone, the Mate XT, is displayed in a glass case at a Huawei flagship store in Beijing, China.
  • Wednesday, 11 September, 2024
    Rightmove PLC
    Rightmove rejects £5.6bn offer from Murdoch’s REA

    Property listings company rebuffs initial approach from company controlled by News Corp

    A laptop screen displaying the Rightmove website, showing properties for sale in Mayfair, Central London
  • Wednesday, 11 September, 2024
    News in-depthGlobal trade
    Developing economies counter Beijing’s export boom with tariffs

    Emerging markets also using levies to force China to build manufacturing plants within their borders

    Worker in protective clothing in a factory
  • Wednesday, 11 September, 2024
    China Renaissance
    Chinese bank was told to wire authorities $11mn after founder disappeared

    Opaque payment relating to China Renaissance chair Bao Fan leaves auditors wondering how to account for it

    Bao Fan stands in a hallway with his hands in his pockets, wearing a blue suit and white shirt, after a Bloomberg television interview in San Francisco in June 2016
  • Tuesday, 10 September, 2024
    Inside BusinessEdward White
    Foreign carmakers also have a China overcapacity problem

    None predicted just how fast China’s own industry would develop in the age of EVs

    EV cars are pictured inside BYD’s first electric vehicle factory in Southeast Asia
  • Tuesday, 10 September, 2024
    Seven & i Holdings Co Ltd
    US regulator signals doubts about proposed Circle K and 7-Eleven deal

    Merger of convenience store and petrol station chains would create one of the largest retail groups in America

    Circle K petrol station in Toronto
  • Tuesday, 10 September, 2024
    Nippon Steel
    Nippon Steel flies to Washington for last-gasp push to save US Steel deal

    Biden administration opposes Japanese company’s proposed $15bn takeover, which has become an election issue

    US Steel plant in Clairton, Pennsylvania
  • Tuesday, 10 September, 2024
    LexAlibaba
    Alibaba will get a boost from China’s mainland traders Premium content

    Chinese retail investors are a formidable force and known for their enthusiasm for tech names

    A company logo of Alibaba at its office building in Beijing, China
  • Tuesday, 10 September, 2024
    Adani Group
    Kenyan court suspends Adani deal to run Nairobi airport

    Legal challenge is latest blow to Indian conglomerate’s efforts to expand overseas presence

    Members of the Kenya Aviation Workers Union protest outside Jomo Kenyatta International Airport. One protester holds a sign reading "WE REJECT ADANI" during the demonstration against the proposed sale of the airport to Adani Airport Holdings.
  • Monday, 9 September, 2024
    PwC
    PwC to parachute in UK partner to run scandal-hit China business

    Leadership switch comes as accounting firm faces punishment over audit of failed developer Evergrande

    The PwC office in Shanghai, China. The building's signage displays both the PwC logo and its name in Chinese characters.
  • Monday, 9 September, 2024
    LexSeven & i Holdings Co Ltd
    7-Eleven bid is the next stage in revitalising corporate Japan Premium content

    Size of potential takeover likely to spark antitrust concerns in both US and Japan but deal makes sense for Couche-Tard

    Two customers exit a 7-Eleven store in Kobe, Japan
  • Monday, 9 September, 2024
    Seven & i Holdings Co Ltd
    Circle K owner still wants ‘friendly’ 7-Eleven deal after $39bn offer rejected

    Shares in Seven & i rise on hopes of improved offer from Canada’s Alimentation Couche-Tard

    People walk past a 7-Eleven convenience store in New York
  • Monday, 9 September, 2024
    Fortress Investment Group LLC
    Fortress to buy Japan’s eccentric Hawaii-themed hot springs resort for $100mn

    Tourist attraction 50km from site of Fukushima nuclear plant includes world’s largest onsen and hula-dancing troupes

    A screenshot from a Spa Resort Hawaiians advertisement video showing three women wearing leis and orange and green dresses, with a water park in the background
  • Monday, 9 September, 2024
    Adani Group
    Bangladesh warned over ‘unsustainable’ $500mn power debt due to Adani

    Costly projects approved under Sheikh Hasina have left interim government ‘firefighting’, top energy official says

    Adani’s 1,600-megawatt Godda plant in India
  • Monday, 9 September, 2024
    Anglo American PLC
    Anglo faces uncertainty over coal unit valuation after Australia mine fire

    Some offers presented this week may include payment structures contingent on the state of Grosvenor, say bankers

    A worker wearing a hard hat, high-visibility vest and ear protection operates a drone using a remote control at Anglo American's Los Bronces copper mine in Chile. The open-pit mine and surrounding rugged mountainous terrain are visible in the background.
  • Sunday, 8 September, 2024
    InterviewEnergy sector
    Chinese start-up aims for nuclear fusion at half the cost of US rivals

    Shanghai’s Energy Singularity looks to raise $500mn to develop clean energy breakthrough using locally sourced materials

  • Friday, 6 September, 2024
    LexUS retail
    America’s dollar stores are now living in a Temu world Premium content

    The Chinese online retailer has made inroads among low-income shoppers

    A person enters a Dollar General store in Los Angeles, California. A banner on the entrance reads "EVEN LOWER PRICES",
  • Friday, 6 September, 2024
    Semiconductors
    Nvidia’s AI chips are cheaper to rent in China than US

    Supply of processors helps Chinese start-ups advance artificial intelligence technology despite Washington’s restrictions

    Nvidia’s HGX H100 artificial intelligence supercomputing graphics processing unit displayed at the showroom of the company's offices in Taipei, Taiwan.
  • Friday, 6 September, 2024
    Chinese business & finance
    Chinese groups to create country’s largest brokerage with $230bn in assets

    All-shares deal comes against backdrop of weak markets and government pressure to consolidate financial sector

    A woman walks past the Shanghai Stock Exchange building
  • Friday, 6 September, 2024
    Seven & i Holdings Co Ltd
    7-Eleven owner rejects $39bn cash offer from Couche-Tard

    Japanese company says Canadian rival ‘grossly undervalues’ group with proposal of close to $15 a share

    Circle K and 7-Eleven stores in Hong Kong
  • Thursday, 5 September, 2024
    Seven & i Holdings Co Ltd
    7-Eleven owner set to reject Couche-Tard takeover offer

    Special committee reviewing the bid views the offer as insufficient and is concerned about regulatory risk

    The Seven & i Holdings logo is seen on the glass door of a 7-Eleven convenience store in Tokyo, Japan. Through the door, a person inside the store is visible, looking at their smartphone.
  • Thursday, 5 September, 2024
    AstraZeneca PLC
    AstraZeneca says ‘small number’ of employees under investigation in China

    Police reportedly probing five current and former employees over infringement of data privacy laws

    Signage at an AstraZeneca facility
  • Thursday, 5 September, 2024
    LexNippon Steel
    Washington’s steely resolve on Nippon bid should rattle dealmakers Premium content

    Biden’s plan to block US Steel acquisition dashes hopes money might beat politics

    US Steel employees dressed in orange work uniforms hold signs that read "Nippon Steel = Best Deal for U.S. Steel."
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