Reuters Asia Business

Meituan posts first quarterly loss since 2022 as food delivery battle takes toll

28 Nov 2025

By Sophie Yu and Casey Hall BEIJING/SHANGHAI (Reuters) -China’s leading food delivery group Meituan swung to its first quarterly loss on Friday since late 2022 and warned of likely further losses next quarter as a price war with rivals Alibaba and JD.com squeezes margins. The company reported an adjusted net loss of 16 billion yuan …

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China’s BYD recalls 88,981 plug-in hybrids over battery safety hazard

28 Nov 2025

BEIJING (Reuters) -BYD will immediately recall 88,981 plug-in hybrids over a potential battery-related safety hazard, China’s market regulator said in a notice on Friday, weeks after the electric vehicle maker’s largest recall to date. The Qin PLUS DM-i models affected were produced between January 2021 and September 2023 and “may have limited power output due …

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Investors snap nine-week buying streak in global equity funds

28 Nov 2025

(Reuters) -Global equity funds saw their first weekly outflow in 10 weeks in the week to November 26, as concerns about stretched valuations, particularly in the tech sector, outweighed optimism around expected U.S. interest rate cuts next month. According to LSEG Lipper data, investors withdrew a net $4.48 billion from global equity funds as they …

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China plans to expand REITs market as Vanke woes spark concerns over developers

28 Nov 2025

BEIJING/SHANGHAI (Reuters) -China unveiled plans on Friday to expand the public real estate investment trust market to include commercial properties, after developer China Vanke’s troubles deepened concerns over the country’s struggling property sector. China’s securities regulator published draft rules for a pilot programme of commercial real estate investment trusts (REITs), seeking to “enrich investment and …

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Taiwan 2025 GDP growth forecast hits 15-year high on surge in AI demand

28 Nov 2025

By Faith Hung and Jeanny Kao TAIPEI (Reuters) -Taiwan’s tech-heavy economy is expected to grow at its fastest pace in 15 years, riding the wave of demand for artificial intelligence (AI) technology, the statistics office said on Friday, though U.S. tariffs are likely to cloud the outlook next year. Gross domestic product (GDP) is expected …

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South Korea to cut planned income tax on dividend payouts, media say

28 Nov 2025

SEOUL (Reuters) -South Korea’s ruling and opposition parties agreed on Friday to lower income tax on dividend payouts to a maximum of 30%, from the government’s proposal of 35%, domestic media said. Lawmakers of the ruling Democratic Party and the main opposition People Power Party told reporters they had reached an agreement, the Yonhap news …

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China pledges crackdown on ‘irrational’ competition in battery industry

28 Nov 2025

BEIJING (Reuters) -China’s Industry Ministry pledged on Friday to roll out targeted measures against “irrational” competition among power battery makers and energy storage battery makers. The ministry will guide companies to plan capacity scientifically and expand overseas in a reasonable and orderly way, Industry Minister Li Lecheng told a meeting with executives at 12 power, …

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Turkmenistan passes law regulating cryptocurrency mining and exchanges

28 Nov 2025

ASHGABAT (Reuters) -Turkmenistan has passed a law legalising and regulating digital assets, including licences for cryptocurrency exchanges and crypto mining companies, state media reported on Friday. The Neutral Turkmenistan newspaper reported that President Serdar Berdymukhamedov had signed the law, which will come into force on January 1. A mostly desert Central Asian country with the …

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Taiwan raids former TSMC exec’s home in trade secrets probe

28 Nov 2025

By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan prosecutors said on Thursday investigators had raided the homes of a former senior TSMC executive and seized computers after the company accused him of leaking trade secrets, something his current employer Intel has denied. TSMC , the world’s largest contract chipmaker and major supplier to companies …

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Saudi Arabia may reduce January oil prices to Asia to five-year low

28 Nov 2025

By Siyi Liu SINGAPORE (Reuters) – Saudi Arabia, the world’s biggest oil exporter, is expected to lower its January crude price for Asian buyers for a second month to its lowest level for five years, tracking the decline in spot benchmark prices, sources said on Friday. The January official selling price for flagship Arab Light …

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