DealStreetAsia
Vietnam homegrown ThinkZone Ventures seeks to raise $50m
Venture capital's 3rd fund aimed at startups that want to expand globally
Companies
Retail
Sogo & Seibu to close Tokyo department store due to strike on Thursday
Labor union takes action after parent Seven & i decides to go ahead with sale
Property
Mitsui Fudosan-led group plans to redevelop ex-Tsukiji market site
In addition to hotel and conference center, ballpark might be included
Automobiles
Toyota resumes production at 12 of its 14 plants in Japan
System malfunction prevented the ordering of parts
Retail
Japan's Workman to debut overseas with Taiwan store in 2027
Casual clothing chain to gauge interest of foreign tourists with Okinawa flagship
Retail
U.S. states ask SEC to ensure Shein complies with forced labor rules
Move adds pressure on retailer as China hawks in Congress target Chinese firms
Retail
Pinduoduo-owner PDD beats second-quarter revenue expectations
Chinese e-commerce company sees increased traffic on international Temu site
Automobiles
Toyota to resume production on Wednesday at all Japan factories
System failure prevents nation's largest automaker from ordering parts
Telecommunication
Xiaomi revenue dips 4% in second quarter as phone market shrinks
China's handset market further contracts as consumers pull back
Finance
South Korea's LG uses AI to expand into fund management
Electronics maker's effort builds on internal price forecasting tools
Companies
China extends tax breaks for foreign workers until 2027
Move is boon to firms looking to attract overseas talent
Companies
Uniqlo taps global operations chief as president in overseas push
Fast Retailing boss Yanai looks to Tsukagoshi, who helped brand turn U.S. profit
Companies
India's Reliance Industries names Mukesh Ambani's 3 children to board
Country's richest man aims to ensure smooth succession at conglomerate
Retail
Seven & i department store union threatens to strike on Thursday
Workers want to avert planned sale to U.S. fund Fortress Investment Group
China debt crunch
China Evergrande shares fall 79% on first trading day since ban lifted
Developer postpones meeting with creditors over onshore debt to late September
Transportation
Indonesia's Widodo launches greater Jakarta light rail service
Country's third such project hits $2.1bn after cost overruns, multiple delays
Business deals
China's Xpeng to acquire Didi's smart EV unit in deal worth up to $744m
Didi to launch A-class mass-market model next year under new MONA brand
DealStreetAsia
South Korea's Woori Venture Partners sets foot in Southeast Asia
Country's first venture capital firm eyes sectors including finance, health care
Market Spotlight
Grab shares jump but Sea's dive as investors applaud cost cuts
Southeast Asian tech stars face increasing pressure to generate profit
Travel & Leisure
Thai hotel in Kyoto seeks ties with community in tourism hot spot
Cafe and activities open to public aim to bring residents and visitors together
Energy
Sinopec's interim profit down 20.1% on lower oil prices
Domestic fuel demand extended recovery in the second quarter
Finance
Whisky used to back long-term loans to Japanese distiller
Brewer employs blockchain to create sake NFTs
Startups
Finding minerals faster with AI: Investors flock to U.S. startup
KoBold Metals raises funds from BHP, Mitsubishi, Bill Gates and Jeff Bezos
Retail
Japan department store braces for rare strike as U.S. buyout nears
Union warning to raise pressure over sale of Sogo & Seibu to Fortress Investment Group
Travel & Leisure
New Tokyo Disney chief hints at more expansion, return of annual passes
'Still various possibilities' to grow beyond 2024 opening of Fantasy Springs