A vacant storefront in central Seoul. (Photo by Ahn Seong-bok)
Economy

South Korea's Q2 GDP shrinks 0.2% as incomes decline

Country's economy caught between robust exports and weak domestic conditions

25 July 2024
Rapidus is building its advanced chip plant at this site in Chitose, Japan. (Photo by Hajime Tsukada)
Semiconductors

Japan's Kishida visits Rapidus chip plant site, pledges swift funding

Government plans loan guarantees to draw financing from banks

25 July 2024
Man using a smartphone in Kuala Lumpur -- Malaysia has some of the world's most engaged social media users. (Photo by Norman Goh)
Cybersecurity

Cybercrime rising on social media in Malaysia, minister says

Tighter regulations and licensing to be required for online platforms

24 July 2024
Solvay CEO Philippe Kehren says China's tighter control of rare earths will spur supply chain diversification. (Nikkei montage/Source photos by AP, Reuters and Solvay)
Supply Chain

China's rare earth rule to speed supply chain shifts: Solvay CEO

Europe chemical maker to aim for 30% self sufficiency for bloc; eyes Japan

24 July 2024
Lenovo Group looks to boost sales with AI-powered PC after seeing demand drop off from the pandemic. (Photo by Tomoko Wakasugi)
Artificial intelligence

Lenovo to put AI into all PCs by 2027: device chief

Chinese and U.S. consumers showing 'a lot of interest,' Luca Rossi says

24 July 2024
 Chinese e-commerce platform Taobao is looking to reach more overseas Chinese shoppers with free shipping.
Retail

Alibaba's Taobao takes on Temu, Shein with free overseas shipping

Chinese platform aims to leverage strength in apparel as competition heats up

23 July 2024
Singapore will require social media and online marketplaces to detect and act against scams and other malicious activities. (Photo by Fumika Sato)
Cybersecurity

Malaysia and Singapore tighten oversight of Facebook, others

Southeast Asia grapples with malicious activities on social media and market sites

23 July 2024
Kakao Corp. founder Kim Beom-su in Seoul.
Technology

Kakao founder Kim Beom-su arrested for alleged stock manipulation

South Korean billionaire accused of inflating shares of K-pop agency SM

23 July 2024
Grab has acquired Chope's businesses in Singapore, Indonesia and Thailand for an undisclosed sum. (Source image by Grab; screenshot from Chope's website)
Business deals

Grab to enter restaurant booking business through acquisition

Super app buys Chope's business in Singapore, Indonesia and Thailand

22 July 2024
Hong Kong's regulatory environment makes it easy for foreign nationals to create shell companies to evade sanctions.
International relations

Hong Kong plays leading role in sanctions evasion: report

New analysis spotlights Chinese city as transshipment hub of goods to sanctioned nations

22 July 2024
Taiwanese chip and tech are being buffeted by political uncertainty in the U.S. as the presidential election approaches.
Technology

Taiwan tech stocks hit as Biden drops out of U.S. race

Analysts say high valuations and political uncertainty are increasing volatility

22 July 2024
As the industry struggles to keep packing more power into smaller chips, equipment and materials suppliers would have an easier time coming up with unique solutions if the supply chain wasn't so "balkanized," the president of the Japan office of SEMI says. (Photo courtesy of SEMI Japan)
Semiconductors

Chip industry needs more unified packaging approach, SEMI says

Japan's Jim Hamajima says lack of shared standards is hindering capacity expansion

22 July 2024
Nidec's water-cooling modules regulate AI server temperatures better than fans. (Photo by Kosaku Mimura)
Electronics

Nidec spurs pivot to AI cooling with China, Philippines production

Japanese motor maker to expand from Thai base in bid to grow profits

22 July 2024
Indian Finance Minister Nirmala Sitharaman will present the government's full annual budget on July 23. It is expected to focus heavily on welfare programs and infrastructure.
Your Week in Asia

India budget, ASEAN foreign ministers meetings, SK Hynix earnings

Your weekly lineup of Asia's biggest business and political events

21 July 2024
China’s online medical service sector has ballooned into a nearly 380 billion yuan ($52.2 billion) market
Caixin

China's once-booming online health care sees its vital signs sink

Investors turn skeptical as HaoDF, Chunyu Yisheng and Ping An Good Doctor cut jobs

21 July 2024
Canon's new EOS R1 professional-grade camera will hit the market in November. (Photo by Kohei Yamada)
Electronics

Canon's new mirrorless camera takes aim at 'biggest rival' Sony

Pro-level flagship model keeps focus on target even when obstacles are in the way

20 July 2024
Suzumo Machinery hopes to take advantage of burgeoning interest in Japanese cuisine worldwide with its new sushi robot. (Suzumo Machinery)
Food & Beverage

Don't look now, but your next sushi chef could be a robot

Japan's machinery makers devise innovative solutions to labor crunch

20 July 2024
A suspected glitch with Microsoft software has affected banks, airlines and more around the world.   
Technology

Microsoft-linked tech outage disrupts flights, media and banking worldwide

Airlines, other businesses starting to restore service after CrowdStrike software update triggered crash

20 July 2024
Mercari's U.S. business has been in the red since July-September 2021. (Photo by Mizuho Miyazaki)
Retail

Japan marketplace app Mercari lays off almost half its U.S. workforce

Inflation-hit Americans cut back on hobby spending, turn to Temu

20 July 2024
Chinese mobile technology company Huawei has filed a lawsuit against Taiwanese mobile chip maker MediaTek in a Chinese court, alleging patent infringement. (Photo sources by AP and Reuters)
Technology

Huawei sues Taiwan's MediaTek over alleged patent infringement

Licensing is increasingly important revenue source for Chinese company

19 July 2024
Netflix's global paid memberships rose 16.5% year over year to 278 million in the second quarter.
Media & Entertainment

Asia-Pacific drives Netflix subscription growth, fueled by ad model

India becomes No. 2 country in paid user growth in second quarter

19 July 2024
Xiaohongshu occupies a unique position in China as a lifestyle encyclopedia and guide to daily life that few if any competitors seem able to match. (Source photos by Getty Images and Xiaohongshu website)
Business Spotlight

Xiaohongshu: Can China's wildly popular app raise its profit game?

Users find its shopping advice priceless, but go elsewhere for better deals

19 July 2024
Tiananmen Gate in Beijing. Communist Party leaders have been meeting in the Chinese capital this week at a key policy meeting known as the third plenum. (Photo by Mizuho Miyazaki)
Economy

China plenum vows reforms, accepts Qin Gang resignation

Details scant but communique signals party staying the course despite GDP slowdown

18 July 2024
Olympus has been developing connectivity between endoscopes and AI-based cloud systems. (Olympus)
Health Care

Japan's Olympus uses AI to transform endoscope business

A pilot project will be set up in Europe this year to test cloud-based solutions

18 July 2024
Workers oversee nickel refining at a smelter in South Sulawesi province, Indonesia.
Commodities

Indonesia to launch nickel, tin online tracking next week

SIMBARA system already used to track coal, bauxite and copper next in line

18 July 2024