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Beijing stays out of Evergrande s financial crisis at risk to markets | The Asahi Shimbun: Breaking News, Japan News and Analysis

Beijing stays out of Evergrande s financial crisis at risk to markets | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asahi.com Daily Mail and Mail on Sunday newspapers.

Rakuten ties up with Japan Post to push mobile phone service : The Asahi Shimbun

Rakuten Inc. Chairman and CEO Hiroshi Mikitani, left, appears at a March 12 news conference alongside Hiroya Masuda, president and CEO of Japan Post Holdings Co. (Ryo Inoue) Online retailing giant Rakuten Inc. will receive its biggest capital injection since its establishment in 1997 with the bulk of it coming from Japan Post Holdings Co. to help it develop its still fledging mobile phone operations. The 150 billion yen ($1.4 billion) investment by Japan Post Holdings will make it Rakuten’s fourth largest shareholder and give it a roughly 8-percent stake in the company. In addition to Japan Post Holdings, Rakuten will also receive capital from a subsidiary of Chinese information technology company Tencent Holdings Ltd. as well as U.S. retailer Walmart Inc. The total capital injection will come to about 242.3 billion yen.

Senior ministry official loses post over wining and dining scandal : The Asahi Shimbun

Toyota begins building its own prototype smart city of the future : The Asahi Shimbun

Toyota Motor Corp. builds Woven City, a prototype city of the future, at the former site of Toyota Motor East Japan Inc.’s Higashi-Fuji Plant, seen in the front, in Susono, Shizuoka Prefecture. This photo was taken on Feb. 11. (Koichi Ueda) Toyota Motor Corp. has started building a prototype “city of the future,” an unusual move by an automaker to build an entire town from scratch and use it as a laboratory for cutting-edge technology. In its new “Woven City” project, Toyota will test all sorts of state-of-the-art tech, including self-driving cars and artificial intelligence. It plans to leverage the testing ground to craft new products and services so it can expand its business model, as the market becomes increasingly crowded by tech companies and other new players from outside of the traditional automobile sector.

Japan s big three carriers drop prices but plans roughly the same : The Asahi Shimbun

An au mobile shop in Tokyo in March 2020 (Asahi Shimbun file photo) All three of Japan’s major mobile carriers are launching new, lower-cost plans at the behest of the Suga administration, which has been seeking consumer-friendly price reductions through more competition. But the cheaper price plans on tap are all turning out to be about the same cost in the end. KDDI Corp., operator of the au mobile brand, announced on Jan. 13 that it will launch a monthly 20-gigabyte smartphone plan called “povo” at 2,480 yen ($23.83), excluding tax, in March. KDDI set the new price 500 yen cheaper than competing plans unveiled by rivals NTT Docomo Inc. and Softbank Corp. last December. But the povo plan does not include the option for unlimited calls lasting under five minutes.

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