Olympics delay deals setback to Samsung’s plans to win over Japan market

For Samsung Electronics Co Ltd (005930.KS), the 2020 Tokyo Olympics were going to be its springboard to attain a long-held goal – making significant inroads into Japan’s lucrative smartphone market where Apple Inc (AAPL.O) dominates. But after the Games were postponed to 2021 due to the coronavirus pandemic, the long-time sponsor’s marketing plans – centered […]

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Goldman, Morgan Stanley receive approvals for majority stakes in China ventures

Goldman Sachs (GS.N) and Morgan Stanley (MS.N) said on Friday they had received the final regulatory approvals to take majority stakes in their China securities joint ventures, as Beijing continues to open its financial sector to foreigners. The approvals come as policymakers and authorities step up efforts to shield the world’s second-largest economy, battered by […]

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China’s auto industry wastes no time coaxing drivers back to showrooms after lockdown

China’s auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo back lockdown-weary consumers through campaigns as unusual as a makeup-promoting personality touting car leasing. Social media celebrity Lipstick King urged millions of fans on a live-streamed shopping show to sign up to a lease […]

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