Chinese e-commerce company Alibaba Group Holding Ltd is launching its first U.S. direct-to-consumer online shop on Wednesday, the Financial Times and other media reported.
Asia/Pacific
Failed bitcoin exchange Mt Gox gets U.S. bankruptcy protection
The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business.
Rolls-Royce agrees to work with Chinese nuclear vendor SNPTC
British engineering company Rolls-Royce has signed a memorandum of understanding with Chinese nuclear reactor vendor SNPTC to cooperate on civil nuclear power projects in the UK and other markets.
Samsung Electronics' display unit considers building Vietnam factory
A unit of South Korea's Samsung Electronics said on Tuesday that it was in talks with the Vietnam government over building a factory to make display modules for mobile phones.
Exclusive: SoftBank Capital closes in on financing round with Kony - sources
SoftBank Corp's venture capital arm is close to securing an investment in enterprise mobile company Kony Inc, and could announce a deal as soon as Tuesday, people close to the matter said.
Latest News
India's new government will pursue an economic reform agenda that foresees introducing a general sales tax, encouraging foreign investment and speeding approvals for major business projects, the president told parliament on Monday.
Japan's first quarter growth handily beat initial estimates on an unexpected surge in capital spending, fresh signs the world's third-biggest economy is in better shape to weather a hit to consumption from a sales tax hike.
SoftBank Corp (9984.T), Japan's No.3 mobile carrier, will cut its smartphone charges in Japan with a flat rate for unlimited voice calling and cheaper data plans, in a sign that price competition may be starting to pick up in Japan's mobile market.
As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counseling employees on how to deal with the roughly $41 billion they could unlock through a New York listing.
Japan's SoftBank Corp said on Thursday it will start selling human-like robots for personal use by February, expanding into a sector seen key to addressing labour shortages in one of the world's fastest ageing societies.
The popular messaging app, Line, owned by Asia's Naver Corp, is preparing an initial public offering in the United States and Tokyo as soon as November, Bloomberg reported Tuesday, citing people who were familiar with the matter.
Prime Minister Narendra Modi's government could allow foreign direct investment in India's e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter told Reuters.
Chinese state media lashed out at Google Inc, Apple Inc and other U.S. technology companies on Wednesday, calling on Beijing "to punish severely the pawns" of the U.S. government for monitoring China and stealing secrets.
Samsung Electronics Co Ltd (005930.KS) plans to launch the first smartphone based on its Tizen operating system in the third quarter, marking the company's latest bid to build up its own ecosystem and reduce reliance on Google Inc's (GOOGL.O) Android.
