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November 21, 2024
 

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Julie Zhu
PwC is considering slashing up to half its financial services auditing staff in China and about 20% of its staff in other auditing teams and nonauditing business lines.
BUSINESS / Companies
Jul 17, 2024
PwC weighs halving of China financial services audit staff, say sources
The firm has 781 partners and nearly 19,000 employees in mainland China as of last September.
A woman cycles past the Beijing Stock Exchange building on Feb. 8.
BUSINESS / Markets
Jun 3, 2024
Red tape clogs China's offshore IPO pipeline even as markets recover
China company executives and their investors said they expect the offshore IPO drought to continue this year, weighing on firms' ability to raise capital in a slowing economy.
TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst-case scenario than sell it to a potential American buyer, sources said.
BUSINESS / Tech
Apr 26, 2024
ByteDance prefers TikTok shutdown in U.S. if legal options fail, sources say
A shutdown would have limited impact on its business, and it would not have to give up its "secret sauce" — the algorithm that pushes videos to users.
Chinese civil servants and employees of state-linked enterprises are facing tighter constraints on private travel abroad and scrutiny of their foreign connections.
ASIA PACIFIC / Politics
Oct 17, 2023
China tightens curbs on foreign travel by bankers and state workers
Individuals' accounts varied but were consistent in describing heightened scrutiny of overseas travel even after China reopened borders in January.
People visit Semicon China, a trade fair for semiconductor technology, in Shanghai in 2021
BUSINESS
Aug 24, 2023
China quietly hires overseas chip talent as U.S. tightens curbs
The revamped recruitment drive is said to offer perks including home-purchase subsidies and typical signing bonuses of $420,000 to $700,000.
Japan Times
BUSINESS
Jul 7, 2023
China ends Ant Group's regulatory revamp with fine of nearly $1 billion
The penalty, one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license.
Japan Times
BUSINESS
Dec 14, 2022
China readying $143 billion package for its chip firms in face of U.S. curbs
The plan marks a major step toward self-sufficiency in chips and looks to counter U.S. moves aimed at slowing its technological advances.
Japan Times
BUSINESS
Feb 1, 2022
Dashed dreams for China Evergrande's showpiece resort island
Officials in Danzhou city have ordered 39 of Ocean Flower Island's towers to be demolished over environmental and construction violations.
Japan Times
ASIA PACIFIC
Nov 5, 2021
Jack Ma, Trump and Xi: How a Chinese billionaire flew close to the sun
The story of the billionaire e-commerce tycoon's fall from official favor helps illustrate how rapidly China has transformed under Xi Jinping.
Japan Times
BUSINESS / Companies
Oct 2, 2020
Secrecy and speed: Inside Ant Group’s unusual IPO process
The fintech giant is following a highly unusual process that draws on some of the tactics its former parent and affiliate Alibaba Group has previously used.
Japan Times
BUSINESS
Sep 27, 2018
As China builds biotech sector, cash floods U.S. startups
For three whirlwind days in June, U.S. scientist Zhi Hong went shopping at the Boston Bio Conference to find drugs to fill the pipeline of his 2-week-old drug company.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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