Category: Business

Nintendo Co Ltd has shipped 1 million Switch consoles in China since it launched the device in the world’s largest video games market at the end of 2019, its Chinese partner Tencent Holdings Ltd said on Monday. The Japanese company launched its Switch console in China in December 2019 in partnership with distributor Tencent, China’s […]

China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing’s latest tightening of scrutiny. The plan, if implemented, would effectively end the government’s laissez-faire approach to the industry. Large Internet platforms have […]

Marriott International Inc, the world’s largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will suspend donations to U.S. lawmakers who voted last week against certifying President-elect Joe Biden’s victory. “We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will […]

Indonesia’s poor air safety record is again in the spotlight after a Sriwijaya Air jet carrying 62 people crashed into the Java Sea minutes after take-off on Saturday, marking the country’s third major airline crash in just over six years. There has been no word of any survivors. Before the crash, there had been 697 […]

Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday. The report follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after another local […]

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising U.S. bond yields lifted the dollar broadly and hurt other safe assets that pay no income. Bitcoin fell as far as $33,447, its lowest since Jan. 6. Ethereum which often moves in tandem with bitcoin, fell as much as […]

China’s electric vehicle (EV) maker Nio Inc, which competes with conventional premium automakers including Daimler AG and BMW, may make mass market products under another marque, its chief executive said. “As EV technologies advance and battery cost lowers, it is possible that we may enter the massive market, but definitely not with Nio brand,” William […]