Reuters Asia Business

By Max Hunder KYIV (Reuters) – Hiroshi Mikitani, the founder and chief executive of Rakuten Group (4755.T), on Saturday touted the ability of his company’s Viber messaging platform to counter Russian propaganda. “Unlike other social media, we’ve made it crystal clear we’re going to block all these fake news and propaganda of Russia,” Mikitani told …

Rakuten CEO touts Viber’s ability to counter Russian ‘fake news’ during Kyiv visit Read More »

By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Top U.S. semiconductors and digital companies including Intel, GlobalFoundries and Google are expected to attend a business meeting on Monday in Hanoi as President Joe Biden visits Vietnam to boost ties, two people familiar with the plan said. The meeting, which is still being arranged, would …

Exclusive-Top US chipmakers, tech firms to attend Vietnam meeting as Biden visits Read More »

(Reuters) – Dalian Wanda Commercial Management, a unit of China’s largest commercial real estate developer Dalian Wanda Group, has made principal and interest payments to some holders of a $520 million bond, two bondholders said on Saturday. After major developer Country Garden averted default on a dollar bond on Tuesday, the news of Wanda’s repayment …

China’s Dalian Wanda repays some holders of $520 million bond -sources Read More »

By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s consumer prices returned to positive territory in August while factory-gate price declines slowed, data showed on Saturday, as deflation pressures ease amid signs of stabilisation in the economy. But analysts say more policy support is needed to shore up consumer demand in the world’s second-biggest …

China’s deflation pressures ease, more steps expected to spur demand Read More »

BEIJING (Reuters) – China is seeking private investment in 4,894 major projects with total investment of 5.27 trillion yuan ($717.69 billion), Xinhua news agency said, citing the top state planner. The projects mainly involve urban construction, highways, ports, agriculture and tourism, the agency quoted the National Development and Reform Commission as saying. China has in …

China seeking private investment in major projects -Xinhua Read More »

BEIJING (Reuters) – Revenues at China’s Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8 billion yuan ($6.65 billion, as the ride-hailing firm emerged from a regulatory crackdown and demand rebounded with the end of strict COVID-19 restrictions. Didi posted a net loss of 300 million yuan, the company said …

China’s Didi Q2 revenue grows as regulatory curbs ease Read More »