Nikkei Staff Writers
Stories by Nikkei Staff Writers
Alibaba, Tencent climb ranks of top Asian earners during COVID-19 crisis
Chinese companies occupied seven of the top 10 spots in a recent Nikkei ranking.
Ayala taps REIT to secure foreign cash for Philippine realty boom
Ayala-backed AREIT became the first-ever real estate investment trust to list in the Philippines on Aug. 13.
TikTok setback doesn’t augur well for China tech’s global ambitions
TikTok parent ByteDance has become one of the first global success stories in Chinese tech.
7-Eleven parent to buy US convenience store Speedway for $21b
For Seven & i, the deal helps it shift its focus beyond a saturated Japan market.
Nippon Life to allocate $280m for impact investments, back TPG fund
Nippon Life will work with TPG to learn the ropes and expects to make independent investments after three years.
Japan’s Lixil plans to divest majority stake in home improvement store unit
Lixil is expected to reap about 60 billion yen ($553 million) in cash from the sale.
Sony set to take full control of listed financial services arm for $3.7b
Low share prices due to the coronavirus-triggered economic downturn convinced Sony to act now.
With recovery hinging on drivers, Grab and Gojek burn cash to extend assistance
Gojek and Grab risk losing drivers if these workers do not receive sufficient relief during the downturn.
TikTok tests Alibaba’s e-commerce might with viral videos
ByteDance recently enabled businesses to open e-stores on TikTok, making it the fourth-largest e-commerce platform in China.
Razer is counting on 80m gaming customers in SG digital banking bid
A consortium led by Razer is one of 21 candidates applying for 5 new digital banking licenses in SG.
