Companies

In India, be different

How to woo new moms to your brand

PUNE, India -- FirstCry.com, an online retailer of baby goods in India, has been riding a variety of promotions to rapid growth. It might also be on its way to overseas markets. The e-tailer currently offers 90,000 items, 90% of which it war...

  • Chinese media

    EE-Media sits atop TV ratings with youth-targeted shows

    BEIJING -- Chinese young people these days, instead of saying "Hi," are just as likely to say, "Did you watch HunanTV?" The network video platform under state-run Hunan Broadcasting System, which is headquartered in Hunan province, has aired many pop...

  • Model AA hubbub

    Western investors to warn on new Toyota shares

    NEW YORK -- A group of big U.S. and other institutional investors is set to issue a joint statement regarding what it considers the potential negative impact of Toyota Motor's planned new share issue. Toyota is to issue what it calls Model AA sha...

  • Top-down pressure

    Root cause of Toshiba's accounting scandal

    TOKYO -- Toshiba's accounting scandal is widening. It is now expected that the Japanese industrial conglomerate will need to downwardly revise its past operating profits by over 150 billion yen ($1.21 billion). The big question now is: What is th...

  • Total's new plant

    Singapore becomes lubricant hub

    SINGAPORE -- Total, the French oil and gas conglomerate, on Friday opened a lubricant oils-blending plant in Singapore. The company is banking on Asia's fast-growing demand for lubricant oils, with plans to double its lubricant sales in the Asia-Paci...

  • Dust-busting devices

    Raycop hones its futon vacuums in 'clean-loving' Japan

    TOKYO -- Raycop Japan, a consumer electronics startup originally from South Korea, is seeing brisk sales of its Raycop futon vacuum cleaners, particularly in Japan, where it has already sold more than 3 million units. This summer, the company pla...

  • Eyeing construction boom

    Kansai Paint aims to tap coating demand in India

    OSAKA -- Kansai Paint plans to invest about 7 billion yen ($56.4 million) to build a new factory in India, taking advantage of growing demand there for building coating materials. The company, which controls roughly half of the Indian market for ...

  • Accounting scandal

    Toshiba seen lopping more than 150bn yen off past profits

    TOKYO -- Toshiba expects to downgrade past earnings by more than 150 billion yen ($1.21 billion), a much larger sum than previously reported in part because of accounting irregularities related to computer parts procurement, sources said Friday. ...

  • Preparing for Japan's market liberalization

    Idemitsu, JX Nippon Oil to jointly procure LPG

    TOKYO -- Idemitsu Kosan and JX Nippon Oil & Energy plan to jointly buy more than 6 million tons of liquefied petroleum gas from abroad yearly, an amount that equals about half of Japan's total imports. The effort will be one of the world's larges...

  • Aircraft leasing

    Japan's SMBC Aviation Capital to buy engines for 40 planes

    TOKYO -- SMBC Aviation Capital, the world's fourth-ranked aircraft lessor by airplane assets, is opening its wallet to the tune of $1.15 billion to purchase engines for 40 planes from CFM International. The Japanese affiliate of trading house Sum...

  • Reacting to trade deals

    Vietnam businesses charge abroad as home market opens up

    HANOI -- Vietnamese companies are intensifying efforts to expand overseas, expecting more foreign competition in their home market as new trade deals are signed. The Southeast Asian nation, which has grown into a manufacturing hub for electronic ...

  • 2bn yen acquisition

    Yahoo Japan bolsters hotel reservation site

    TOKYO -- Yahoo Japan will acquire a Tokyo-based provider of hotel reservation management systems to make it easier for customers to book reservations at lodgings around the country. On Friday, Yahoo Japan signed a contract to buy all shares of Dy...

  • Lippo Group

    Mega data center to open near Jakarta by April 2016

    JAKARTA -- Indonesian conglomerate Lippo Group has recently begun construction of a 2,000-sq.-meter data center in the suburbs of Jakarta, targeting companies in the financial and industrial sectors. The business will be run by Graha Teknologi Nu...

  • Targeting first-time users

    Vietnamese mobile carrier spreads into developing countries

    HANOI -- Vietnam's state-owned telecom giant Viettel Group is expanding overseas, focusing on people in developing countries who have never used mobile phones. The military-linked company offers mobile phone services in Southeast Asia, Africa and...

  • State fund controversy

    Malaysia's Najib, 1MDB push back against claims

    BANGKOK -- Malaysia's Prime Minister Najib Razak and troubled state fund 1Malaysia Development Berhad have denied claims published in the Wall Street Journal that $700 million was funneled by 1MDB into Najib's personal bank accounts. However, key opp...

  • Ascott Residence Trust

    REIT enters US with New York hotel acquisition

    SINGAPORE -- A number of Singaporean companies are ramping up investments in the U.S., encouraged by signs of economic recovery there and on the back of China's slowdown. Ascott Residence Trust, a hospitality property management unit under Singap...

  • Digital business

    Acquisitions the key to growth for South Korea's Yello Mobile

    SEOUL -- Yello Mobile, a South Korean mobile media group, has an unusual growth strategy: since its launch as a start-up in August 2012, it has acquired 71 companies, earning a reputation in local business circles as something of a carnivorous dinosa...

  • Asia's Detroit

    Toyota ships revamped emerging-market series from Thailand

    BANGKOK -- Toyota Motor exported the first batch of vehicles made under its overhauled series for emerging markets Thursday from Thailand. A ship loaded with Hilux pickup trucks left Laem Chabang port, the largest in Thailand, for a monthlong jou...

  • June swoon

    Uniqlo's poor sales make planned price hike dicey

    TOKYO -- Weak sales at Uniqlo casualwear stores in June could throw a monkey wrench into the plans of the brand's operator to raise prices again. Fast Retailing reported Thursday that June sales at its Uniqlo stores in Japan plunged 11.7% from th...

  • Corporate governance reform

    Sumitomo Mitsui plans reduction targets on cross-shareholding

    TOKYO -- Sumitomo Mitsui Financial Group intends to create numerical targets by this fall to reduce cross-shareholding. The company also will establish new standards for holding stocks, unloading those that do not meet the criteria. The banking g...