China tech
TikTok CEO grilled by U.S. lawmakers over China ties
Shou Zi Chew is told the app doesn't embrace American values, should be banned
Companies
Finance
Nomura Real Estate and JR East jump into Japan's banking sector
Businesses see opportunity for stronger customer ties with financial services
Business deals
Toshiba's approval of $15bn buyout offer puts ball in shareholders' court
Investors to weigh bid that was reduced amid earnings downgrades
Telecommunication
Chinese state telecom bosses emboldened by recent stock rally
Xi's digitalization push boosts sentiment, though still far below peak
DealStreetAsia
China's Triniti targets $290m fund to back chip companies
Fund also has mandate to invest in display technologies and new energy
Telecommunication
Philippine telecom PLDT claims 'no fraud' in $880m capex 'overrun'
Company says talks with network suppliers have yielded smaller bills
Business trends
China keeps title as home to billionaires even as global wealth falls
Founder of scandal-hit conglomerate Adani Group loses 35% of wealth
Automobiles
Toyota to end Camry sales in Japan, ending 43-year history
Domestic market accounts for only 1% of model's global sales
IPO
Rakuten Bank's Japan IPO seen delivering up to $2.5bn valuation
Group moves to shore up finances after heavy wireless network investments
China tech
Tencent taps AI technology amid first annual revenue drop
Chinese gaming giant says will not rush own ChatGPT-style chatbot
Finance
Mizuho to invest $130m in Indonesian buy now, pay later service
Deferred payments popular among consumers lacking credit cards and bank accounts
DealStreetAsia
University of Michigan commits $35m to Bain Asia-Pacific fund
China, Japan, South Korea, India and Australia are among fund's targets
Business deals
Daikin buys U.S. aircon companies to boost data center business
World's biggest manufacturer eyes growing segment as technology advances
Automobiles
Geely CEO pans his performance despite first profit rise in 4 years
Fellow exec calls recent car price war the start of 'competition for elimination'
Technology
Google suspends Chinese e-retailer Pinduoduo from app store
Malware found in other versions of app; PDD revenue misses analyst estimates
Economy
Malaysia trails Indonesia in attracting foreign direct investment
Experts say reforms, political stability are essential for country to narrow gap
Semiconductors
Tokyo Electron to build $170m chip equipment plant in Japan
Production expected to begin in 2025, boosting capacity by 50%
Technology
Japan will not impose tax on Big Tech after registering HQs
Tokyo pushes for easier consumer recourse against online harassment
Travel & Leisure
Japan's Niseko attracts flurry of investment from Hong Kong
Ski resort developers seek to tap affluent buyers as travel restrictions ease
Finance
Credit Suisse's AT1 bond write-off rattles Asian investors
Terms of UBS acquisition of peer could have broader implications for region
Technology
Indonesia's GoTo 2022 loss widens to $2.6bn
Superapp operator shares now dwelling well below IPO price
DealStreetAsia
Asian home interior startup Livspace lays off nearly 2% of staff
Singapore- and India-based company trims workforce of 5,000
Transportation
Flush with cash, ONE swaps charters for own container ships
World's seventh-largest shipper ramps up investment for future growth
Travel & Leisure
Thailand's Dusit readies Japan hotel debut in Kyoto with cultural flair
Hospitality group looks to stand out by adding Southeast Asian touch
China tech
TikTok under more U.S. pressure ahead of CEO's congressional testimony
Shou Zi Chew to face questions Thursday on data security, ties to China's Communist Party