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SINGAPORE: Singapore’s government urged residents to consider ordering their groceries online rather than going to the shops. That just became tougher.
MASAYOSHI Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus curtails unnecessary human interaction, it’s hammering such businesses and rattling the foundations of Son’s SoftBank Group Corp.
SEOUL/TOKYO: With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices.
SHARES of SoftBank Group Corp. plunged as much as 18% Thursday, adding to steep declines this month as investors grow concerned about the heavily indebted Japanese conglomerate with markets in tumult.
HONG KONG: After the coronavirus outbreak caused a nationwide shortage of face masks in January, Chinese officials were quick to ensure that Tesla Inc wouldn’t be left without.
TOKYO: Investors are growing increasingly skittish about the stability of Masayoshi Son’s empire.
BEIJING: Tencent Holdings Ltd is set to give a glimpse of how the world’s largest gaming company has fared from the coronavirus outbreak after curbs forced millions to stay at home, driving up demand for online games and streaming services.
Bloomberg: Tencent Holdings Ltd. delivered disappointing earnings and warned about a difficult advertising environment in 2020, voicing caution about how China’s first economic contraction in decades might affect its sprawling businesses.
HONG KONG: Tencent Holdings Ltd picked up millions of new gamers during the global coronavirus outbreak - yet that surge in mobile play may be slowing as the world’s No. 2 economy goes back to work.
MUMBAI: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks