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  • China's Shouqi goes overseas to fight ride-hailing titan Didi

    SHENZHEN -- Beijing Shouqi Group will launch car-hailing services via a mobile app in Southeast Asia, Europe and elsewhere targeting Chinese travelers, with hopes of catching up with industry giant Didi Chuxing.The app from the group's Shouqi Limous

    August 17, 2017 06:24 am JST
  • Tencent profit surges 70% as flagship app nears milestone

    GUANGZHOU -- Tencent Holdings' net profit soared nearly 70% on the year in the April-June quarter as users of the hit WeChat app kept climbing and gaming revenue jumped.The Chinese internet services heavyweight booked 18.2 billion yuan ($2.72 billio

    August 17, 2017 06:01 am JST
  • China regains leverage on US as top debtholder

    BEIJING -- China has regained a bargaining chip with Washington by resuming the title of largest foreign holder of U.S. Treasurys, taking advantage of a calmer currency to buy more of the bonds amid relations strained by North Korea and a trade imba

    August 17, 2017 03:42 am JST
  • Asian hedge funds rebuild assets, reach 18-month high

    TOKYO -- Asia's hedge funds have the most assets under management since the end of 2015, thanks to brisk performance by Indian and Chinese stocks as well as more investor interest.Funds in the region managed $117.1 billion at the end of June, U.S. c

    August 17, 2017 02:08 am JST
  • Chinese enterprises write Communist Party's role into charters

    GUANGZHOU -- Hundreds of Chinese companies have revised their corporate charters to allow a deeper management role for the Communist Party, a sign the ruling party is tightening its control over the private sector.At least 288 of the 3,314 companies

    August 17, 2017 02:00 am JST
  • Strong 1H profit pushes up Geely shares 150% so far this year

    HONG KONG -- Chinese carmaker Zhejiang Geely Holding Group saw the share price of its Hong Kong-listed unit rising 158.57% to 19.16 Hong Kong dollars so far this year as of Wednesday after the company reported that its revenue and profit for the fir

    August 17, 2017 12:23 am JST
  • Tea Leaves

    Chasing North Korean diplomats in Manila

    I was given an intriguing assignment in early August -- to follow North Korean Foreign Minister Ri Yong Ho around Manila and report on what he said while attending the Association of Southeast Asian Nations regional forum there.It was not easy. Wait

    August 16, 2017 08:00 pm JST
  • Human rights center asks US Congress to probe HNA Group

    HONG KONG -- A group of U.S.-based Chinese activists wrote an open letter on Tuesday to the U.S. Congress and the administration, urging it to probe HNA Group over concerns that the largest shareholder of the well-connected Chinese company -- a char

    August 16, 2017 05:43 pm JST
  • Chinese lenders spur Hong Kong shares while Tencent earnings awaited

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose as easing geopolitical tensions lured investors back to the market ahead of a slew of key corporate earnings. Chinese lenders and internet giant Tencent Holdings paced gains.The Hang Seng Index add

    August 16, 2017 02:47 pm JST
  • Radu Magdin

    How Eastern Europe views China's Belt and Road Initiative

    Central and Eastern European countries, or CEE, are currently facing a tough choice within the European Union: deeper integration led by Germany and France or political marginalization. With Western Europe and the U.S. growing apart and favoring ver

    August 16, 2017 02:00 pm JST
  • Chip testing firm urges blocking rival Xcerra's sale to China fund-WSJ

    U.S. semiconductor testing company Cohu Inc is trying to block the sale of rival Xcerra Corp to a Chinese government-controlled fund citing national security concerns, the Wall Street Journal reported on Tuesday.Cohu sent its analysis of the risks r

    August 16, 2017 01:32 pm JST
  • Out of tune: Music schools clash with Japan's copyright enforcer

    TOKYO -- The Japanese word for music, ongaku, is written with a pair of Chinese characters. The first means "sound," while the second stands for "fun." But there is nothing fun about a raging dispute between the country's dominant music copyright co

    August 16, 2017 01:26 pm JST
  • China Unicom shares halted, market awaits unveiling of ownership reform

    HONG KONG (Reuters) -- Shares in China Unicom Hong Kong Ltd were halted from trade on Wednesday pending the release of a statement - a suspension that comes amid market expectations of imminent reform to the ownership structure of its state-owned pa

    August 16, 2017 01:19 pm JST
  • South Asian literary duel highlights festival boom

    LONDON -- On either side of the River Thames, two nations often in conflict were recently unified by a single topic, with simultaneous panels sharing stories of the event that gave birth to both: the partition of British India into India and Pakista

    August 16, 2017 12:08 pm JST
  • Hitachi to offer 'internet of things' security service in China

    TOKYO -- Hitachi will bring its "internet of things" expertise to offer all-in-one monitoring of elevators, staff entry and power usage at office buildings in China, hoping to spur sales of its hardware there as well.China has undergone rapid urbani

    August 16, 2017 12:05 pm JST
  • India, China soldiers involved in border altercation - Indian sources

    NEW DELHI/SRINAGAR, India (Reuters) -- Indian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries which are already locked in a two-month s

    August 16, 2017 10:09 am JST
  • China regains spot as largest foreign US creditor

    WASHINGTON (Reuters) -- China purchased the most Treasuries in six years in June, vaulting past Japan as the largest overseas lender to the U.S. government, according to data released by the U.S. Treasury Department on Tuesday.The world's second big

    August 16, 2017 05:56 am JST
  • US leans harder on China with trade probe threat

    WASHINGTON -- The U.S. threat of an investigation into alleged intellectual property thefts reflects President Donald Trump's frustration with Beijing in trying to enlist its help to defuse the increasingly tense North Korea standoff.Trump authorize

    August 16, 2017 05:37 am JST
  • IMF urges greater transparency in China's capital curbs

    BEIJING -- The International Monetary Fund pressed China to improve consistency and transparency in its capital flow restrictions rolled out last summer, in light of mounting complaints from Japanese, U.S. and European companies.The organization hig

    August 16, 2017 05:10 am JST
  • Exclusive

    Alibaba to cash in on Japan's nascent e-payment market

    TOKYO -- China's e-commerce leader Alibaba Group Holding will bring a version of its hit smartphone-based payment platform to Japan as early as next spring, hoping the simple technology will convince many cash-reliant shoppers here to go digital.The

    August 16, 2017 02:14 am JST