Nikkei Asian Review

Alphabet Inc’s (NASDAQ: GOOGL) Google unit has invested in Indonesian e-commerce giant Tokopedia, according to a Nikkei Asia report. What Happened: The tech giant now owns 1.6% of Tokopedia, valued at $1.1 million (16.7 billion rupiah) Singapore’s government investment...

Nidec Corporation (OTC: NJDCY) will build a $1.9 billion plant in Siberia to manufacture motors for electric vehicles in a bid to consolidate its presence in the European markets, Nikkei Asia reported Monday (Tokyo Time). What Happened: The Japanese manufacturer is negotiating plans for a...

On Monday, Chinese online wealth management company Lufax has reportedly filed confidentially with the SEC to raise up to $3 billion in a U.S. IPO. Lufax Public Attempts: Lufax, backed by Ping An Insurance Group (Pink: PNGAY), is working with Goldman Sachs (NASDAQ: GS), HSBC (NASDAQ: HSBC),...

Alibaba Group Holding Limited-backed (NYSE: BABA) Xpeng Motors Technology Ltd. said it raised nearly $500 million in a Series C+ funding round, even as electric vehicle sales see a slump in mainland China. What Happened Investors that participated in the funding of the...

Apple Inc. (NASDAQ: AAPL) is pushing suppliers to ramp up production beyond the usual operations and ensure that the launch of the company's 5G iPhone range isn't significantly delayed beyond the original timeline of September, the Nikkei Asian Review reported Tuesday. What Happened People...

SoftBank Group Corp (OTC: SFTBY) invested more than $500 million into Credit Suisse Group AG’s (NYSE: CS) $7.5 billion range of supply-chain finance funds, which the bank, in turn, invested in the debt of the Japanese company’s struggling Vision Fund start-ups. What Happened...

SoftBank Group Corporation (OTC: SFTBY) will set up a $100 million fund that will provide opportunities to Afro-American and Latin entrepreneurs.  What Happened The CEO of the Japanese conglomerate Masayoshi Son said tweeted on Wednesday in Japanese using the hashtag Black Lives Matter....

Sony Corp (NYSE: SNE) is turning its arm Sony Financial Holdings Inc. (OTC: SYFHF) into a wholly-owned unit. What Happened In an attempt to strengthen its fintech presence, the Japanese conglomerate will take full control of its financial arm, Sony Financial Holdings, through a tender offer worth $...

President Akio Toyoda, speaking at Toyota Corporation’s (NYSE: TM) annual earning’s call this week, revealed that the coronavirus is reshaping the company, leading to time-saving. What Happened Toyota’s internal work culture is being shaped by the coronavirus pandemic as the car...

Apple Inc. (NASDAQ: AAPL) has advised aggressive Chinese technology firm, Luxshare Precision Industry Co Ltd., to make an investment in a Taiwanese metal casing provider, in order to become a rival to Apple’s longtime supplier, Foxconn. What Happened Luxshare has been in...

Bridgestone Corporation (OTC: BRDCY) is replacing its Chief Operating Officer Akihiro Eto, who will retire from all executive posts but retain his position on the board. What Happened Bridgestone, the world’s top tiremaker by market share, announced top management changes on Monday. Eto is...

Tesla Inc. (NASDAQ: TSLA) has lowered the price of the standard Model 3 cars in China to qualify for a newly announced government subsidy for electric vehicles. What Happened On Wednesday, during the company’s earnings conference call, the CEO of Tesla, Elon Musk said, “We are...

A leading Chinese chipmaker, Yangtze Memory Technologies, said it now has the ability to produce the same 128-layer 3D NAND flash memory chips as those to be sold by rival Samsung Electronics Co Ltd. What happened Wuhan based Yangtze Memory Technologies Co Ltd. (YMTC), announced on Sunday that...

Prime Minister Shinzo Abe of Japan is preparing to declare a state of emergency as early as Tuesday as COVID-19 cases mount in the capital of Tokyo. What Happened It is expected that the Japanese government will convene an unofficial meeting of experts on Monday and Abe will address the...

The shares of Apple Inc. (NASDAQ: AAPL) dropped late Wednesday as a report by The Nikkei Asian Review suggested a significant delay in the launch of the next iPhone. What Happened Apple's decision comes as the novel coronavirus (COVID-19) pandemic has hurt product development schedule, supply...