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Nintendo boss to cut pay in half after profit dive
TOKYO: The head of Nintendo said Wednesday he would slash his salary in half after announcing a 30% dive in nine-month profit on weak demand for its new Wii U console as gamers are enticed by cheap, downloadable games for mobiles.
Tokyo investors eye Japanese earnings, US data next week
TOKYO: Tokyo investors will keep a close eye on US data next week and more Japanese corporate earnings with firms including Sony, Toyota and Panasonic due to report.
Sony posts US$1.26bil fiscal year net loss
TOKYO: Struggling electronics giant Sony said it lost US$1.26bil in the fiscal year to March, blaming costs tied to its exit from the personal computer business as the once-mighty firm undergoes a painful restructuring.
Sony logs biggest profit in 8 years on restructuring, games
TOKYO: Japanese electronics maker Sony Corp on Thursday reported its biggest annual operating profit since fiscal 2007 due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames.
Sony cuts annual profit view on writedown
TOKYO: Sony Corp cut its full-year outlook for operating profit after the Japanese TV-to-gaming group took a US$1bil writedown on its struggling movie business.
Is there a tech bubble in HK's Hang Seng?
HONG KONG: Hong Kong’s main stock index surged past 30,000 for the first time in 10 years, as a wave of Chinese buying and a surge in shares of tech giant Tencent Holdings Ltd. propelled the market through its latest milestone.
The man who bets Tencent’s ‘moonshot’ money
CHINESE Internet giant Tencent Holdings Ltd says it wants to improve the world through technology. David Wallerstein is on it.
Don’t call it a car: China’s Internet giants want to sell you ‘mobile living spaces’
Baidu, Alibaba and Tencent are betting the auto industry will shift from selling hardware to selling subscriptions to internet-equipped autonomous cars
Tech giant Tencent caught in Chinese regulatory trap
Chinese tech titan’s quarterly net profit drops 2% on softer investment gains
