Deals

Kokubu Group forming Chinese food-supply joint venture

TOKYO -- Japanese food wholesaler Kokubu Group is creating a joint venture in China with a food subsidiary of South Korea's Samsung group and a Chinese government-run agriculture company.The venture, to be named Shanghai Welstory Food, will be set up...

  • Japan's SBI plans venture capital fund with Philippine firm

    TOKYO -- SBI Holdings will create a venture capital fund with Investment & Capital Corp. of the Philippines targeting startups in the Southeast Asian country and the U.S.The fund will have up to about 10 billion yen ($95.5 million), channeling 100 mi...

  • Sumitomo Mitsui, State Street to team on mutual fund services

    TOKYO -- Sumitomo Mitsui Asset Management will work with U.S.-affiliated State Street Trust and Banking to devise a system for pricing and administering mutual funds in Japan.The system is seen trimming the Japanese asset manager's annual costs by se...

  • Tencent to buy $8.6bn Supercell stake from staff and SoftBank

    HONG KONG/TOKYO -- Chinese mobile application provider Tencent Holdings announced on Tuesday that it would acquire up to 84.3% of Finnish mobile game developer Supercell for $8.6 billion.Tencent agreed to purchase 72.2 % from the current majority sha...

  • Tencent wins deal for 'Clash of Clans' maker Supercell

    HONG KONG (Dow Jones) -- Tencent Holdings has reached an agreement to buy Finnish mobile game maker Supercell Oy from SoftBank Group, people familiar with the matter said, in a deal that could turn the Chinese internet giant into a global videogame p...

  • Wal-Mart gains access to 600m shoppers of China's JD.com

    NEW YORK -- Wal-Mart has announced a strategic alliance with China's second-largest e-commerce company, opening up the wallets of hundreds of millions of customers to the U.S. retail giant.

  • Wal-Mart to sell China online unit to JD.com for a 5 % stake

    Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more cust...

  • Japan's Datasection, Vietnam telecom plan Facebook-based consumer analysis

    HANOI -- Japan's Datasection and Vietnam Posts and Telecommunications, or VNPT, are partnering in consumer analysis using social media site Facebook, hoping to broaden big-data analytics in Vietnam.The two companies will select 100 to 10,000 people f...

  • China's Midea launches tender offer for robot-maker Kuka

    GUANGZHOU, China -- Midea Group on Thursday started a tender offer to raise its stake in German robot manufacturer Kuka, the Chinese home appliance maker said.Midea is offering 115 euros ($129) per share via a fully owned subsidiary, aiming to become...

  • ASML seeks synergies via Hermes Microvision purchase

    TAIPEI -- ASML Holding plans to tap Hermes Microvision's e-beam inspection technology to keep up with the circuit miniaturization arms race in the chip industry. ASML, the global leader in lithography systems for chip-making, announced Thursday that ...

  • SoftBank near deal to sell mobile game developer to Tencent

    TOKYO -- Japan's SoftBank Group is in late-stage talks to sell Finnish smartphone game developer Supercell to Chinese tech giant Tencent Holdings.

  • Singapore's Mapletree leads FDI in Vietnamese property

    HO CHI MINH CITY -- Singapore's Mapletree Investments has acquired the Kumho Asiana Plaza Saigon in Ho Chi Minh City, Vietnam's commercial capital, from South Korea's Kumho Industrial and Asiana Airlines.The plaza is one of the largest mixed-use prop...

  • PLDT, Globe sign deal to improve internet speed

    MANILA -- PLDT and Globe Telecom have established an internet protocol (IP) peering arrangement to boost internet speed in the country.The bilateral agreement allows both companies -- which effectively form a duopoly in the sector -- to avoid costly ...

  • Weibo operator Sina looks to friend Japanese advertisers

    TOKYO -- Chinese social media group Sina is getting serious about promoting Japanese products and services on its portal site and Weibo, the Twitter-like microblogging site boasting more than 600 million users.Sina established a contact point Wednesd...

  • Japanese logistics midtiers cultivate Vietnam, Malaysia

    TOKYO -- Midsize Japanese logistics companies are expanding operations in Southeast Asia to tap the market's growth potential.Chilled & Frozen Logistics Holdings will spend $13.5 million to triple its storage capacity in Vietnam by setting up a refri...

  • Japan's Nippon Paper to buy US beverage container operation

    TOKYO -- Nippon Paper Industries has agreed to acquire the paper cup and carton business of U.S.-based timber company Weyerhaeuser in a deal valued at roughly 30 billion yen ($283 million).The Japanese company will establish a wholly owned subsidiary...

  • King Power to spend $340m to buy remaining Asia Aviation stake

    BANGKOK (Reuters) -- Thailand's King Power Group, the nation's largest duty free retailer, said it plans to spend 12 billion baht ($340 million) on buying the remaining 60 percent of Asia Aviation Pcl.King Power's chairman, billionaire Vichai Srivadd...

  • NXP to divest its standard products business for $2.75bn

    NXP Semiconductors NV said it would sell its standard products business to a consortium of financial investors consisting of China's Jianguang Asset Management Co Ltd and private equity firm Wise Road Capital Management for about $2.75 billion.Dwindl...

  • Japan's Terumo buying US brain catheter maker

    TOKYO -- Medical device maker Terumo has agreed to buy California-based Sequent Medical, a producer of cranial catheters, for roughly $375 million, aiming for the top of a fast-growing global market.

  • Nippon Yusen to buy 25% of subsea engineering firm

    TOKYO -- Nippon Yusen will expand into undersea engineering with an eye toward nurturing a steady source of revenue to complement its volatile mainline business of shipping.The company will invest some 10 billion yen ($94 million) in a 50-50 joint ve...