American and Canadian Bitcoin traders and investors have agreed to settle the class-action lawsuits they have filed against the bankrupt Tokyo, Japan-based Bitcoin exchange Mt Gox in return for a 16.5% stake in the firm.
Tags: Japan
Chinese smartphone maker Xiaomi to release first tablet: sources
Chinese smartphone maker Xiaomi will soon release its first tablet, sources with knowledge of the matter told Reuters, expanding the fast-growing company's product lineup in a potential challenge to Samsung Electronics Co Ltd and Apple Inc.
Japan eyes space-based solar energy project to replace nuclear plants
The Japan Aerospace Exploration Agency (JAXA) is planning to start a commercialized space-based solar energy farm that would convert sunlight into electricity in a bid to replace the many nuclear power plants built on earthquake-prone areas.
US-based fitness app MyFitnessPal to launch localized apps for Asian expansion
San Francisco, California-based nutrition and fitness startup MyFitnessPal is set to launch localized apps with additional languages to build its audience in Asia, particularly in China, Japan, and South Korea.
Mining tycoon Andrew Forrest acquires Australian beef processor Harvey Beef
Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
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US President Barack Obama is on his last leg of his Asian tour in countries including Japan, South Korea, Malaysia and on his last stop to the Philippines where the issue involving Beijing has become in the center point of the agenda.
The territorial dispute between China and Japan has caused the latter to pull out its investments from the country and redirecting its focus to other South East Asian countries where it has already funded companies with USD22.8 billion last year.
Tokyo, Japan-based Bitcoin exchange Mt Gox will file for liquidation in Tokyo instead of its initial plan of rebuilding the firm under bankruptcy protection after a bug reportedly brought the site down.
Osaka, Japan-based video game developer and publisher Capcom Co Ltd poured $78 million into the construction of two new research and development (R&D) facilities near its headquarters in a bid to gain more traction in the industry.
Venture capital firms in the US have raised a record-breaking total funding amounting to $8.9 billion in the first quarter of 2014, according to Thomson Reuters and the National Venture Capital Association.
Online video platform Viddsee launched its new site Viddsee BUZZ to promote independent films from Hong Kong, Japan, Singapore, Malaysia, Cambodia, Thailand, and the Philippines on social media and help them go viral.
Takamatsu-shi, Japan-based cranes and aerial work platforms manufacturer Tadano Ltd completed its acquisition of its Yorkshire, UK-based distributor Cranes UK for an undisclosed amount to continue its market expansion.
Bangkok, Thailand-based digital publication platform Ookbee landed $7 million in a Series B funding led by Japanese outsourcing firm Transcosmos to fuel its Southeast Asian expansion.
Family Mart Co Ltd has planned to leave the South Korean market through an initial public offering, said a report from Reuters.
