Lufax, also known as Lu.com, has turned its focus toward wealth management and retail lending amid shifts in Chinese financial regulations. 
Finance

Chinese finance platform Lufax files for US IPO of up to $3bn

Investors snap up shares in KE Holdings, biggest such offering since 2018

11 August 2020
An autonomous robot disinfects a handrail in Tokyo's Takanawa Gateway Station. (Photo by Shohei Nomoto)
Technology

Robot-friendly workplaces: Japan sees shared rules paving path

Public-private project looks to expand technology beyond manufacturing

11 August 2020
SoftBank Group Chairman Masayoshi Son is concerned over the long-lasting impact of the coronavirus. (Photo by Yuki Kohara) 
SoftBank

SoftBank earnings set to rebound as pandemic puts Son on defensive

Focus on returns expected to pull tech conglomerate out from worst ever loss

11 August 2020
The sidewalk in front of Mitsukoshi's flagship department store in Tokyo is nearly deserted in early May. (Photo by Rie Ishii)
Business trends

Japan Inc. profit set to sink 36% this year, but rebound on way

60% of companies expect sliding income and revenue, with cost cuts easing losses

11 August 2020
U.S. President Donald Trump speaks with managers and executives during a May 2019 visit to the Cameron LNG export facility in Hackberry, Louisiana.
Energy

Japan-backed LNG plant in US fully opens with 50% capacity boost

Mitsui and Mitsubishi venture can supply 5% of Japanese imports

11 August 2020
An Xpeng Motors showroom at the company's headquarters in Guangzhou, China.
Markets

Chinese companies rush for US IPOs ahead of new restrictions

Startups seek more than $5bn before stricter auditing rules take effect

10 August 2020
The Tokyo skyline: leading Japanese companies are stepping on the gas for tech-related investments.
Technology

Japan's biggest companies plot 16% jump in tech investment

From retail to construction, coronavirus accelerates digital revolution

10 August 2020
FamilyMart has decided to withdraw from directly managing convenience stores in Thailand. (Photo by Marimi Kishimoto)
Retail

FamilyMart looks to halt Asia losing streak after Thailand retreat

Japanese convenience store operator counts on trading house Itochu for comeback

9 August 2020
PLECO's eco bags aren't just pretty, they are also bio-degradable. (Photo by Keiichiro Sato)
Business trends

Japan makes ecobags greener and prettier

Some consumers spare no expense to help the environment while looking stylish

9 August 2020
Sumitomo's nickel project in Madagascar has suspended operations since March.
Companies

Japan's Sumitomo stares down record $1.4bn loss for the year

Shutdown of Madagascar nickel mine exacerbates coronavirus slump

8 August 2020
Mitsubishi Motors chairman Osamu Masuko stepped down. (Photo by Yoichi Iwata)
Automobiles

Mitsubishi Motors Chairman Masuko steps down

Top exec led troubled Japanese automaker for 16 years

7 August 2020
Chinese cloud storage services from Baidu, Alibaba and Tencent are now facing a crackdown led by U.S. President Donald Trump's administration. (Source photos by AP/Reuters) 
Technology

Cloud over Alibaba and Tencent as US raises pressure on China tech

Trump makes cloud storage business a target alongside TikTok and Huawei

6 August 2020
Statistics from Sensor Tower show that Alibaba's online shopping app AliExpress has logged more than 36 million downloads in the U.S. since 2014. Meanwhile, Tencent's messaging tool WeChat and JOYY's streaming app Likee have been downloaded at least 19 million times and 16 million times, respectively. (Photo by Ken Kobayashi)
China tech

Chinese tech gets harsh message from US crackdown on TikTok

Hostility in effect places market off-limits and raises global growth doubts

5 August 2020
Icons of Chinese online apps are pictured with that of Facebook: supporting concentrated monopolies has become official policy across much of Asia.
Opinion

Asia's regulators ignore rising influence of Big Tech at their peril

Market power of Alibaba, Reliance, Tencent and Gojek could outweigh US behemoths

5 August 2020
Designs for the first Aeon Mall in Yangon, Myanmar, construction on which is due to begin in 2021.
Companies

Japanese retailer Aeon to invest $180m in first Myanmar mall

Group ahead of global peers in foray into underserved SE Asian market

4 August 2020
DiDi, the ride-hailing king in China, is hoping to repeat that success in Russia.
China tech

China's ride-hailing king DiDi faces uphill battle in Russia

Protectionism and fierce competition await the onetime Uber-slayer

4 August 2020
Ant Group Chairman Eric Jing speaks at the fifth World Internet Conference in Wuzhen, China, in 2018.
Caixin

How Ant grew into an elephant-sized behemoth

Alibaba affiliate balances push beyond financial services and regulatory tests

4 August 2020
 Baidu, Alibaba, Tencent and Xiaomi are the Chinese counterparts of Google, Amazon, Facebook and Apple, less known but equally powerful. 
China tech

TikTok setback clouds global ambitions of China tech

Sweeping Communist Party control hampers business links abroad

4 August 2020
Ichibanya's Indian restaurant will serve curry containing no pork or beef. (Photo from CoCo Ichibanya's Facebook account)
4 August 2020
Traffic is seen behind a pedestrian bridge in downtown Yangon. Mitsubishi Motors is leaning toward assembling cars in Myanmar as part of its Southeast Asia strategy.
Interview

Mitsubishi eyes car production in Myanmar

Automaker focuses on ASEAN while scaling back Europe operations

4 August 2020
Seven & i aims to raise its brand profile in the vital U.S. market with its $21 billion purchase of the Speedway gas station and convenience store chain. (Source photo by Kyodo)
Business deals

7-Eleven plans expansion to 20,000 US stores after Speedway buy

Acquisition cements Seven & i's top position in major retail market

4 August 2020
Ant runs Alibaba's mobile wallet, Alipay, and offers financial products to Alipay users.
Companies

Alibaba's Ant targets largest-ever $30bn IPO: report

Chinese fintech giant seeks to raise more than Saudi Aramco

4 August 2020
Seven & i boasts the biggest number of convenience stores in the U.S., including ones combined with gas stations like the one above.
Business deals

7-Eleven parent to buy US convenience store Speedway for $21bn

Japan's Seven & i to add 4,000 outlets, but shares plunge 8%

3 August 2020
Starbucks Coffee Japan recently opened its first cafe in the country to specialize in tea. (Photo by Rina Horisawa)
Food & Beverage

Hold the coffee: Tea shop craze brews in Japan

Colorful, Instagrammable drinks a big hit with women

3 August 2020