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Chinese bicycle-sharing startup to expand into Japan this year

Chinese bicycle-sharing startup Mobike said Thursday it plans to launch its services in the city of Fukuoka within 2017. The company aims to expand into other parts of Japan in the future, a public relations official said. Through a designated app on their smartphones, users of the service can find, ...

Son to pick successor from Softbank Group

/ Jun 22, 2017

Son to pick successor from Softbank Group

Softbank Group Corp. Chairman and Chief Executive Officer Masayoshi Son said that he will pick his successor from executives at group companies. At a general shareholders meeting in Tokyo, Son said his successor “will be a person who plays an important role with me ...

Takata likely to file for bankruptcy protection on Monday

/ Jun 22, 2017

Takata likely to file for bankruptcy protection on Monday

Struggling air bag maker Takata Corp. is apparently ready to file for bankruptcy protection Monday under the civil rehabilitation law, informed sources said Thursday. Takata, reeling from global recalls of its defective air bag inflators, aims to achieve a turnaround through court-led rehabilitation after ...

Hon Hai still in running for Toshiba Memory, Gou says

/ Jun 22, 2017

Hon Hai still in running for Toshiba Memory, Gou says

Taiwan’s Hon Hai Precision Industry Co., also known by its trade name Foxconn, isn’t giving up on acquiring Toshiba Corp.’s memory chip unit, its chairman said Thursday. “The Toshiba deal is far from over,” Hon Hai Chairman Terry Gou said at the outset of ...