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TOKYO -- Indonesian social commerce startup Evermos is eyeing an initial public offering in two years, co-founder Iqbal Muslimin said in an interview with Nikkei Asia, as the five-year-old company aims to serve the over 80%of Indonesians who own a smartphone but do not use e-commerce.
TOKYO -- Japan has confirmed that it stepped into the foreign exchange market to support its currency against the dollar about a month ago, with the Ministry of Finance on Friday reporting it bought 9.788 trillion yen ($62.2 billion) during the five-week period between April 26-May 29.
HONG KONG -- Sun Art Retail Group, a major mainland Chinese hypermarket and supermarket chain controlled by Alibaba Group Holding, sank deep into red ink in the full year ended in March, presenting further evidence of weak nationwide consumer demand.
HONG KONG -- China's Ministry of Commerce has initiated an anti-dumping investigation into a chemical product called polyformaldehyde (POM) copolymer, exported by companies in the European Union, the U.S., Japan and Taiwan.
TOKYO -- Daiwa Securities Group has thrown down the gauntlet to bigger rivals like Nomura and Japan's megabanks.
TOKYO -- Tokyo's office market has bottomed out after a four-year COVID-induced downturn, but experts warn of a two-speed recovery as the spread of hybrid work leaves office space in some locations struggling to find tenants.
TOKYO -- Bain Capital is looking to double its investment in Japan in the next five years with the country emerging from decades of stagnation as one of the hottest destinations for global investors.
HONG KONG -- A Tokyo-based law firm is set to reboot efforts to enlist investors hit by the sudden wipeout of certain bonds issued by the now-defunct Credit Suisse, adding to a growing movement to launch legal action across Asia.