No plan to launch IPO, Ant Group says
The remarks came after Ant said in a statement that no shareholder, alone or jointly with other parties, will have control over the company, as part of its broader push to further…
Corporate Buzz
McDonald’s Japan to raise prices for 3rd time in less than a year
The company cited soaring costs for materials, labor, transportation and electricity.
ANA, JAL log 5-fold rise in intl passengers during holidays
Both were about half the levels marked in fiscal 2019, before the spread of the novel coronavirus.
Samsung CEO braces for rough year
In times of hardship, Han Jong-hee said, Samsung has always stuck to the simple truth to always focused on the fundamental values.
Google ‘to challenge antitrust ruling at India’s top court’
The Competition Commission of India had fined the Alphabet Inc unit $161 million for exploiting its dominant position in the market for Android in October 2022.
Hyundai, Kia US sales fall 1 % amid chip shortage in 2022
Hyundai and Kia sold a total of 1.47 million vehicles in the world's most important automobile market last year, down from 1.49 million units the previous year.
Taiwan shipping giant Evergreen gives up to 52 months’ pay as year-end bonuses
Local media outlets reported how most of the company’s junior workers with a monthly salary of NT$40,000 took home a bonus worth NT$2 million, equivalent to more than four…
Customers return to Japan’s department stores in droves for New Year’s sales
With freedom of movement no longer restricted, department stores were as busy as in pre-pandemic years when their annual New Year’s sales started on Jan 2.
China’s high-end manufacturing sector sees robust growth
According to a report, A-share-listed high end manufacturing companies raked in 11.79 trillion yuan ($1.69 trillion) in operating revenue in 2021, compared with 7.47 trillion yuan…
Vietjet to fully resume flight network to China with 100 flights a day
Before the pandemic, Vietjet was the leading airline in terms of the number of routes between the two nations, accounting for about 50 per cent of the total air traffic.