Reuters Asia Business

By Sam Nussey TOKYO (Reuters) -Units of Tencent and Sony will take minority stakes in FromSoftware Inc, publisher in Japan of hit action role-playing title “Elden Ring”, via a third-party allotment of new shares, FromSoftware parent Kadokawa Corp said on Wednesday. Following the transaction, which will raise 36.4 billion yen ($263 million), units of Tencent …

Tencent, Sony to take stake in “Elden Ring” publisher FromSoftware Read More »

HONG KONG (Reuters) – Hong Kong’s July retail sales jumped 4.1% from a year earlier, snapping two consecutive months of decline, government data showed on Wednesday. Sales eased to HK$28.3 billion ($3.61 billion), having decreased by 1.3% in June. In volume terms, retail sales rose 1.0% year-on-year in July after falling for two straight months. …

Hong Kong July retail sales jump 4.1%, snapping two months of decline Read More »

(Reuters) -Toyota Motor Corp said on Wednesday it would invest up to 730 billion yen ($5.27 billion) in Japan and the United States to make batteries for fully electric vehicles, a category of automobile that critics say it has been slow to embrace. When the additional facilities come on line between 2024 and 2026, Toyota’s …

Toyota Motor to invest $5.3 billion in Japan, U.S. for EV battery supply Read More »

PARIS (Reuters) – China’s Netease has announced it will take over French video games studio Quantic Dream, which is working on an upcoming Star Wars game. “Quantic Dream, led by David Cage and Guillaume de Fondaumière, will become NetEase Games’ first studio in Europe, representing an important step in fulfilling NetEase’s vision to support innovation …

China’s Netease to buy French video games maker Quantic Dream Read More »

By Sam Nussey TOKYO (Reuters) -SoftBank Group Corp said on Wednesday Rajeev Misra is stepping down as corporate officer and executive vice president at the group, further loosening ties with the executive after he ceded a frontline role managing the second Vision Fund. The move comes after SoftBank this month reported a loss of $50 …

SoftBank’s Misra is stepping down as corporate officer Read More »

(Reuters) -Elon Musk sought to delay the Twitter Inc trial by about a month to November, according to a court filing, as a whistleblower provided the world’s richest person with fresh ammunition to back out of a $44 billion deal to buy the social media company. Musk on Tuesday also filed a motion to amend …

Musk requests to delay Twitter trial to November – court filing Read More »

WASHINGTON (Reuters) – Boeing Co on Tuesday confirmed it has received an order for 787 Dreamliner aircraft from Taiwan’s China Airlines. “We are pleased that China Airlines has selected the 787 Dreamliner to modernize their world-class fleet and look forward to working with the airline to finalize the order,” Boeing said in a statement. China Airlines said earlier …

Boeing confirms 787 order from Taiwan’s China Airlines Read More »