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Business 29 Jan 2014 | 5:28 PM Premium

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.

Business 01 Feb 2014 | 12:11 PM Premium

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.

Business 15 May 2014 | 12:00 AM Premium

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.

Corporate News 28 Apr 2016 | 7:24 AM Premium

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.

Business 28 Apr 2016 | 7:53 AM Premium

Top foreign and local stories at 4pm

Top foreign and local stories 4pm

Corporate News 03 Feb 2017 | 12:00 AM Premium

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.

Markets 23 Nov 2017 | 6:10 AM Premium

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.

Technology 10 Feb 2018 | 12:00 AM Premium

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.

Auto 19 Mar 2018 | 4:04 AM Premium

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

Corporate News 16 Aug 2018 | 12:10 AM Premium

Tech giant Tencent caught in Chinese regulatory trap

Chinese tech titan’s quarterly net profit drops 2% on softer investment gains