Business May 12, 2021
After $260 billion slide, Alibaba aims to show the worst is over
by Coco Liu and Zheping Huang
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.
Business May 9, 2021
ByteDance hires thousands in bid to challenge e-commerce king Alibaba
by Coco Liu and Zheping Huang
A burgeoning e-commerce business could help the firm surpass its $250 billion valuation when it goes public.
People | 20 QUESTIONS Apr 25, 2021
by David Cortez
The CEO of commercial real estate development firm Pacifica Capital highlights the importance of switching lanes when external circumstances change.
Business / Corporate Apr 23, 2021
Retailer Rakuten beats Japanese lenders at digital banking game
by Taiga Uranaka
New digital bank accounts with the internet conglomerate better known for its online shopping services expanded by 20% last year, and recently topped 10 million.
Business / Corporate Apr 21, 2021
Japan and U.S. plan to keep watch on Rakuten after Tencent investment
Rakuten said that the Tencent group company's acquisition of the stake is purely for investment purposes and rejected the possibility that shareholders would gain access to customer data.
Business / Corporate Apr 21, 2021
Top online brokerage lures young Japanese with zero-fee trading
by Shoko Oda
SBI Holdings Inc. will implement a series of campaigns that will virtually eliminate commission fee for spot trading in equities, the financial conglomerate said in a statement Tuesday.
Business / Corporate Apr 20, 2021
SoftBank’s $120 million Norway deal taps value of high-cost labor
The Asian giant's investment model in the Nordics suggests a cheap workforce isn’t the competitive parameter it once was.
Business Apr 14, 2021
The fact-finding investigation is part of a series of FTC surveys on digital markets including for online shopping, app retailing and advertising.
Business / Corporate Apr 10, 2021
Aeon suffers record ¥71 billion hit as retailers report losses
The Japanese retail giant reported a record group net loss of ¥71.024 million for the year through February, its first red ink in 12 years.
Business | FOCUS Apr 4, 2021
In bid for survival, Japan department stores accelerate digital push
Compared with peak levels, sales at department stores in the nation have fallen by half.
Business Mar 29, 2021
Red lights and bathroom posters: Amazon's all-out fight to block a union
Amazon, while not officially declaring opposition to unions, has waged a campaign against the formation of one at an Alabama warehouse.