Reuters Asia Business

TikTok owner ByteDance sets valuation at over $330 billion as revenue grows, sources say

28 Aug 2025

By Krystal Hu, Julie Zhu and Kane Wu HONG KONG (Reuters) -ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330 billion, driven by continued revenue growth, said three people with knowledge of the matter. The company plans …

TikTok owner ByteDance sets valuation at over $330 billion as revenue grows, sources say Read More »

Bank of Korea expects ‘significant’ economic shock even after US trade deal

28 Aug 2025

SEOUL (Reuters) -South Korea’s central bank expects a “significant” economic shock from higher U.S. tariffs even after a trade deal, it said on Thursday, citing comparably steeper tariff hikes versus rival exporters and high exposure to product-specific duties. “Despite a comparably successful negotiation, the average tariff rate the U.S. imposes on our country rose greatly …

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Japan’s trade negotiator cancels US visit over tariff deal snag

28 Aug 2025

By Mariko Katsumura and Yoshifumi Takemoto TOKYO (Reuters) -Japan’s top trade negotiator cancelled a visit to the United States at the last minute on Thursday, further delaying talks designed to finalise a $550 billion investment package offered by Tokyo in exchange for relief on punishing tariffs. Ryosei Akazawa was due to fly to Washington to …

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Logistics firm GLP secures up to $1.5 billion investment from ADIA unit

28 Aug 2025

By Kane Wu HONG KONG (Reuters) -Global logistics builder and investor GLP has secured up to $1.5 billion of investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) to back its next growth phase, the two companies said on Thursday. The deal includes an initial capital deployment of $500 million. The funds …

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Analysis-Asia’s pledge to boost US farm imports may redraw trade flows

28 Aug 2025

By Naveen Thukral SINGAPORE (Reuters) -Southeast Asian nations are set to reshape global grains and oilseed trade flows through U.S. trade deals that include raising agriculture purchases, with increased American shipments displacing Australian, Canadian and Russian supply. While Indonesia and Bangladesh have already agreed to increased buying as part of agreements that set lowered tariffs …

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Japan’s trade negotiator cancels US visit over tariff deal snag

28 Aug 2025

By Mariko Katsumura and Yoshifumi Takemoto TOKYO (Reuters) -Japan’s top trade negotiator cancelled a visit to the United States at the last minute on Thursday, further delaying talks designed to finalise a $550 billion investment package offered by Tokyo in exchange for relief on punishing tariffs. Ryosei Akazawa was due to fly to Washington to …

Japan’s trade negotiator cancels US visit over tariff deal snag Read More »

China’s Ping An Insurance eyes more investment in high-yield, high-tech stocks, CEO says

28 Aug 2025

(Corrects to Ping An Good Doctor, not Ping An Doctor, in paragraph 11) By Ziyi Tang, Engen Tham and Selena Li BEIJING/SHANGHAI/HONG KONG (Reuters) -China’s Ping An Insurance plans to further invest in shares to boost its portfolio return while staying cautious about Chinese economic growth, Co-CEO Michael Guo told Reuters. The privately owned insurer, …

China’s Ping An Insurance eyes more investment in high-yield, high-tech stocks, CEO says Read More »

Taiwan’s Yageo expects Japan national security clearance for $740 million Shibaura buyout

28 Aug 2025

(Corrects spelling of company name in paragraph 4, 11) By Makiko Yamazaki TOKYO (Reuters) -Taiwan’s Yageo said on Wednesday it expects to obtain a national security clearance from Japan for its proposed $740 million buyout of Shibaura Electronics after concluding discussions with the government on conditions for the deal. Its unsolicited and sweetened bid handily …

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Instant View: Nvidia Q3 revenue forecasts suggest AI trade has more to run

27 Aug 2025

(Reuters) -AI chipmaker Nvidia, the dominating force behind the U.S. stock market rally since 2023, forecast third-quarter revenue above Wall Street estimates on Wednesday. Helped by robust demand for its artificial intelligence chips from cloud providers expanding infrastructure to power generative AI technology, Nvidia expects revenue of $54 billion, plus or minus 2%, in the …

Instant View: Nvidia Q3 revenue forecasts suggest AI trade has more to run Read More »

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