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Company in Eastern Asia

  • How Honda lost its mojo - and the mission to get it back

    JAPAN, 2017/09/08 The driver punched the air as his red and white Honda McLaren roared over the finish line. It was Suzuka, Japan, 1988, and Ayrton Senna had just become Formula One world champion for the initial time. The McLaren racing team and its engine maker, Honda Motor, were unstoppable that year, their drivers winning all but one of the 16 grand prix races. Off the track Honda had been tasting success, too. In the 1970s, its engineers had raised the bar for fuel efficiency and cleaner emissions with the CVCC engine. In the 1980s, as its engines were propelling Senna to multiple victories, the Civic and Accord cars were redefining the American family sedan. In 1997, Honda became one of the initial carmakers to unveil an all-electric battery car, the EV Plus, capable of conference California’s zero emission requirement.
  • Hangzhou K-12 educator was six times Apple’s market value

    CHINA, 2017/08/11 Hailiang Education Group Inc., a Hangzhou company that provides syllabuses from kindergarten to high schools, was the world’s most precious company for eight minutes overnight, next a fat-finger trading error caused its stock price to jump 20,000-fold. Bids for the company’s stock were received at US$200,000 at 9:35 am New York time on Thursday on the Nasdaq market. A quote recap of the transactions showed 700 shares actually changing hands at that price, before trading was halted for eight minutes. The transaction was later annulled, next which the stock’s price dropped to US$10.26, ending the day 4.5 % higher at US$10.34.
  • Hitoshi Uemura, Vice Chairman of Tokyu Land Corporation

    JAPAN, 2017/08/09 With a diversified portfolio of services, Tokyu Land Corporation–one of the leading real estate companies in Japan–is reshaping the urban face of Tokyo with a long-term vision beyond 2020 and participating in the landmark redevelopment of 425 Park Avenue–a multipurpose building in the Plaza District of Manhattan To what extent are world economic events and local developments such as Abenomics and the 2020 Olympic Games impacting the real estate market?
  • Recovering Caterpillar set to fly with its Chinese partners

    CHINA, 2017/04/27 Caterpillar Inc will continue to facilitate Chinese indigenous partners on projects along the Belt and Road economies, said one of its top executives. The US’ major machinery manufacturer is planning to organize a group of Chinese large contractors to go on an inspection tour of Africa and the Middle East later this month, where Caterpillar owns mature dealership networks and rich resources, according to Chen Qihua, its vice-president. Chen said the initiative will benefit the company’s efforts to promote interactions between Chinese contractors seeking overseas opportunities and service providers along the ancient trading routes.
  • Indian film star Sushmita Sen played a part in the launch event for Huawei’s P9 smartphone in New Delhi last month

    CHINA, 2016/09/29 The world’s third-largest smartphone maker by shipments—behind Samsung Electronics Co. and Apple Inc.—said Friday that it will work with the Indian arm of contract manufacturer Flex International Ltd. to assemble smartphones for the local market starting next month. Huawei Technologies Co. is making a renewed push into India’s fast-growing smartphone market, manufacturing locally and broadening its distribution network. By the end of next year, the plant in Chennai will have the capacity to make 3 million phones annually, Huawei said. The Chinese technology giant is also expanding its distribution network in India by teaming up with more than 50,000 retail outlets by the end of this year.
  • SoftBank faces inquiry over alleged Nikesh Arora conflicts

    JAPAN, 2016/07/04 US regulators are examining Japanese internet conglomerate SoftBank Group over possible conflicts of interest or other problems involving former president Nikesh Arora, who stepped down last week, Bloomberg News reported on Thursday. The statement, citing sources, said the Securities and Exchange Commission was looking into whether Arora, who was tipped as the next CEO, held conflicts of interest or engaged in questionable behaviour before resigning from SoftBank last week.
  • J Trust Group Fast decisions key to venture capital gains

    JAPAN, 2016/02/02 J Trust Group President and CEO Nobuyoshi Fujisawa explains the importance of the ability to make fast decisions and bear risk to a venture capital company that can help overseas companies invest in Japan and the broader Asean region. What would you say has been an impact of Abenomics on the financial services sector and indeed on J Trust specifically? My awareness of what Abenomics has done for the general public initial of all is the very rapid rise in stock prices inclunding the weakening of the yen. Since Prime Minister Abe took office, these two elements happened in such a short period. Within one to two years of that, stock values have doubled and the exchange rate between the yen and the dollar has changed. The dollar became 1.5 times stronger and the Japanese yen weakened to two-thirds of what it was. This had a very large impact on Japan as a whole.
  • Wyndham Garden arrives in China with first hotel

    CHINA, 2016/01/08 Wyndham Hotel Group has expanded its footprint of additional than 1,000 hotels in China thanks to the debut of the country's initial Wyndham Garden property, opening recently in Suzhou. Conveniently situated in the heart "the Venice of the East," known for its scenic canals and bridges, the 289-room Wyndham Garden Suzhou is adjacent to bustling Guanqian Street and four garden areas popular with tourists. It is just 30 minutes from Shanghai by high-speed rail and a short drive from a number of world-class cultural heritage sites inclunding Tiger Hill, The Humble Administrator's Garden, Lion Grove and Hanshan Temple.
  • Huawei plans to promote Africa’s digital economy by building a better connected Africa

    CHINA, 2015/12/10 Huawei has called for enhanced cooperation between China and Africa in building a better connected world in order to promote the digital economy in Africa. As the only representative from the Telecom industry present at the 5th Conference of Chinese and African Entrepreneurs, a side event of the Forum on China-Africa Cooperation (FOCAC), Huawei expressed its continued efforts to building a better connected Africa. During his address at the event, Charles Ding, Senior Vice President of Huawei, said, “Huawei has been focused on building a better connected Africa for 17 years. We continuously leverage our world innovation capabilities and cooperate with governments, customers, and industrial partners to increase telecom network coverage significantly to achieve a win-win cooperation. We’ve deployed additional than 50% of wireless base stations, over 70% of LTE networks and at least 50,000KM of optical fibre to provide better telecom connectivity to Africa. Connectivity is the cornerstone to the development of a digital economy in Africa. “
  • Li Gang, deputy chairman of Evergrande's board,

    CHINA, 2015/11/30 Evergrande Group says it has bought half of a joint venture insurance company, a move a person close to the developer says is aimed at helping it explore the financial sector. Evergrande held a press conference on November 22 to announce the transaction for Great Eastern Life Assurance (China) Co. Ltd. (GELC). The insurer's name was changed to Evergrande Life Insurance Co. Ltd. The source close to the firm said Evergrande paid Chongqing Land Group and Chongqing City Construction Investment (Group) Co. Ltd. 3.9 billion yuan for the 50 % stake in the insurer.