Reuters Asia Business

SEOUL (Reuters) – South Korea said on Monday it will toughen sentencing for stealing industrial secrets, after concerns that current regulation was not strong enough to deter attempts to funnel technologies from companies like Samsung. South Korea has been cracking down on technology leaks in recent months, as the country seeks to maintain its dwindling …

South Korea to toughen punishments for technology leaks in chips, displays Read More »

(Reuters) -Shares of Vietnamese electric-vehicle maker Vinfast surged 21% on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion. The company made a blowout debut on Wall Street this month and has quickly grown in valuation to become the third-most valuable automaker – only behind Tesla and …

Vinfast rallies on after becoming world’s third-most valuable automaker Read More »

By Josh Ye HONG KONG (Reuters) – Chinese EV maker Xpeng said it would buy Didi’s electric car development business – a deal worth up to $744 million that will see it supply vehicles to the ride-hailing giant, boosting production and cutting costs. Shares in Xpeng, one of China’s smaller electric vehicle manufacturers and currently …

China’s Xpeng to acquire Didi’s EV unit in deal worth up to $744 million Read More »

By Yew Lun Tian BEIJING (Reuters) – China’s bankers and business executives have become increasingly reliant on domestic capital in recent years as foreign funding has dried up, but a popular way to unlock that cash may very well involve “throwing eggs”. The term refers to Guandan, a poker-like card game that has been around …

US-Sino tensions help spawn China card game craze Read More »

By Alison Lui HONG KONG (Reuters) – China’s Sinopec Corp is not interested in acquiring Shell’s refinery or petrochemical plant in Singapore, Sinopec President Yu Baocai said on Monday. The remark, which the president did not give any details on, came after sources last week told Reuters that Sinopec was among the companies that were …

Sinopec says not interested in acquiring Shell’s Singapore refinery, petchem plant Read More »

TOKYO (Reuters) – Japan’s exports have been “picking up recently”, the government said in its latest monthly economic assessment, its first upward revision since May as easing supply issues boosted auto shipments and demand for semiconductor-related goods bottoms out. “The economy is recovering moderately”, the Cabinet Office said in its report issued on Monday, keeping …

Japan improves view on exports for first time in three months Read More »