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How the Alibaba machine worked to conquer Washington

In 2011, a respected anti-counterfeiting coalition in Washington escalated its fight against the Chinese e-commerce giant Alibaba, saying that its websites served as a 24-hour market “for counterfeiters and pirates” and should be blacklisted. Fast forward to 2016. That lobbying group, the International Anti-Counterfeiting Coalition, called Alibaba “one of our ...

China's richest man declares war on Disney with giant theme park

May 28, 2016

China's richest man declares war on Disney with giant theme park

The Chinese conglomerate Wanda on Saturday opened its first theme park, with its billionaire boss declaring war on Disney weeks before the American entertainment giant launches a similar attraction in Shanghai. “Wanda City,” in southeastern Nanchang, comprises a giant mall set over 2 sq. ...

May 28, 2016

Mitsubishi Motors mulls scaling back vehicle lineup

Mitsubishi Motors Corp., mired in a mileage scandal, is considering reducing the number of its vehicle models for the domestic market, sources said. The automaker has a relatively large number of vehicle models compared with its automobile development system, and the company believes that ...

Mitsubishi Motors to continue key plant output halt in June

May 27, 2016

Mitsubishi Motors to continue key plant output halt in June

Scandal-hit Mitsubishi Motors Corp. will keep its minivehicle production suspended at least until the end of June at its Mizushima plant in the city of Kurashiki, Okayama Prefecture, informed sources said Thursday. The automaker informed a subcontractor in Okayama of the extension of the ...

May 27, 2016

Canadian drugmaker Valeant reportedly rejects takeover bid from Takeda

Valeant Pharmaceuticals International Inc. received a takeover approach this spring from Takeda Pharmaceutical Co. and investment firm TPG, which it rejected, according to the Wall Street Journal. The specialty drugmaker has been struggling to revive itself after its business model and drug pricing practices ...

May 27, 2016

Hino, Isuzu to develop self-driving truck technology

Isuzu Motors Ltd. and Hino Motors Ltd. will jointly develop autonomous driving technology for trucks, sources said Friday. The two automakers aim to create autonomous driving technology that would let groups of trucks travel together in lines on expressways. Such developments would allow unmanned ...

| May 27, 2016

Dollar weaker around ¥109.80 in Tokyo

The dollar was weaker around ¥109.80 in Tokyo trading on Friday, chiefly pressured by position-adjustment selling before the weekend. At 5 p.m., the dollar stood at ¥109.77-77, down from ¥110.02-03 at the same time Thursday. The euro was at $1.1175-1176, up from $1.1170-1170, and ...

May 27, 2016

Curbs on excessive liquor discounts enacted in Japan

The Diet enacted legislation on Friday to tighten regulations on excessive discounts on liquor. Amendments to the Liquor Tax Act and the Act on Securing of Liquor Tax and on Liquor Business Associations were approved at a plenary meeting of the Upper House. The ...