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Chinese Nvidia challenger Enflame jumps 179% in Shanghai market debut
Economy

Chinese Nvidia challenger Enflame jumps 179% in Shanghai market debut

Tencent-backed 'little dragon' raises $910m; tech stocks' post-IPO slumps draw scrutiny Enflame's products are displayed during the World Artificial Intelligence Conference (WAIC) in Shanghai in July 2026. (Photo by Tomoko Wakasugi) HONG KONG/SHANGHAI -- Shanghai Enflame Technology, one of China's leading makers of artificial intelligence chips and the country's answer to Nvidia, rose 179% in its first day of trading on Shanghai's bourse on Friday, after the company flagged a lower valuation relative to peers.

Vietnam sets December 2027 for north-south bullet train construction start
Economy

Vietnam sets December 2027 for north-south bullet train construction start

Decision marks 1-year delay from earlier target; line due to begin running in 2035 Vietnam's proposed 350-kilometer-an-hour bullet train would take 5.5 hours from Hanoi to Ho Chi Minh City, a dramatic reduction from the current approximately 30 hours. (Nikkei montage) HO CHI MINH CITY -- Vietnam aims to begin construction of its first bullet train project spanning the length of the country in December 2027, while pressing ahead on a separate Chinese freight project.

Indonesian coal miners accelerate diversification as volatility rises
Economy

Indonesian coal miners accelerate diversification as volatility rises

Major producers use rising profits to tap critical minerals, gold and solar power Alamtri Resources Indonesia, previously known as Adaro Energy, is a major coal producer now preparing to ship its first batch of aluminum inglots from a smelter in North Kalimantan province. (Alamatri Resources Indonesia) JAKARTA -- From lithium and aluminum to solar power and gasification, Indonesian coal miners are increasingly expanding into new businesses as external volatility and domestic policy uncertainty make their diversification strategy more urgent than ever.

Japan’s Astemo to boost US motor capacity as client Honda shifts to hybrids
Economy

Japan’s Astemo to boost US motor capacity as client Honda shifts to hybrids

Auto parts supplier will invest $379m in Kentucky plants to meet growing demand Astemo's plan to boost capacity comes after primary customer Honda said it would focus on hybrids over electric and fuel cell vehicles. (Photo by Kazuho Fujiwara) TOKYO -- Japanese automotive parts supplier Astemo plans to invest a total of $379 million in two U.S. plants to boost production capacity for electric motors, primarily for hybrid vehicles as North American demand rises.

Editor’s Choice: Apple’s not-so-surprising, hard-to-afford foldable phone
Economy

Editor’s Choice: Apple’s not-so-surprising, hard-to-afford foldable phone

Akito Tanaka shares his weekly reflections and recommendations New Apple CEO John Ternus holds the new foldable iPhone Duo during Apple's event at the Steve Jobs Theater in Cupertino, California, on Sept. 9. © Reuters Hello from Tokyo. Apple unveiled the iPhone Duo on Wednesday, its first-ever foldable iPhone. While the company created the vast smartphone market with the launch of the original iPhone 19 years ago, it's been a latecomer to foldable phones. Samsung's Galaxy series and Google's Pixel lineup have already offered foldable smartphones globally for some time, and China's Huawei even showed off a tri-fold model just days before Apple's event. For Apple's loyal fans worldwide, the arrival of the iPhone Duo has been long awaited. However, based on the promotional video, the iPhone Duo looks like a somewhat underwhelming and not-so-surprising device, with few truly new features to set it apart from rival models. The price tag was also predictably steep. With a starting price of $1,999, it'll be the most expensive model in the iPhone lineup. With the dollar continuing to trade at high levels, the iPhone Duo will be a hard-to-afford foldable phone for many consumers across Asia, including myself.

China makes its vast market speak with one voice
Economy

China makes its vast market speak with one voice

Beijing is centralizing purchases to turn raw demand into global bargaining power A crane unloads imported iron ore at a port in eastern China's Qingdao on Aug. 13. The nation is trying to increase its bargaining power over purchases of the steelmaking raw material. © AP David Tingxuan Zhang is an analyst at Trivium China, a Beijing-based strategic advisory firm.

FamilyMart’s first Hanoi location kicks off new Vietnam push
Economy

FamilyMart’s first Hanoi location kicks off new Vietnam push

Japanese convenience store chain aims for 300 stores in five years as middle class grows FamilyMart's first Hanoi location marks the start of an expansion into Vietnam's north. (Photo by Nikkei) TOKYO -- Japanese convenience store chain FamilyMart kicked off a new campaign to expand its presence in Vietnam with the recent opening of its first Hanoi location, as the country's population and middle class grow.

China’s CXMT tops SK Hynix, Micron to take memory profit margin crown
Economy

China’s CXMT tops SK Hynix, Micron to take memory profit margin crown

Rising chipmaker turns tight supply of commodity-grade DRAM to its advantage in Q2 CXMT's main products include DDR5 memory, which has seen a jump in prices in recent months. © Reuters TOKYO -- Chinese chipmaker ChangXin Memory Technologies (CXMT) has raced to the lead among global competitors in terms of profit margin, signaling a shift in a sector dominated by South Korean, U.S. and Japanese suppliers.

Hungary’s new government turns up pressure on China’s BYD, CATL
Economy

Hungary’s new government turns up pressure on China’s BYD, CATL

EV and battery makers become targets of environmental crackdown Prime Minister Peter Magyar took office in May, promising a shift away from former Prime Minister Viktor Orban's pro-China policies. © Reuters VIENNA/GUANGZHOU -- Hungary's government is ratcheting up pressure on Chinese companies, reviewing previously approved opaque funding and investment deals while also tightening environmental regulations for factories, upsetting plans for companies like BYD and CATL.

Kansai Airport CEO envisions travelers taking flying taxis to Osaka casino
Economy

Kansai Airport CEO envisions travelers taking flying taxis to Osaka casino

Yasuaki Mikami hopes to attract wealthy visitors in shift away from budget carriers Cumulative passenger traffic at Kansai International Airport since its 1994 opening has exceeded 600 million. (Photo by Atsushi Ohoka) OSAKA -- The operator of Kansai International Airport, which has grown by attracting low-cost carriers, now sees a chance to capture higher-value travelers with the planned 2030 opening of a hotel-and-casino resort in Osaka, the company's CEO told Nikkei.

Japan’s Sekisui Chemical to buy Australian builder, eyeing modular homes
Economy

Japan’s Sekisui Chemical to buy Australian builder, eyeing modular homes

Sekisui Chemical operates its home construction business under the Sekisui Heim brand. (Photo by Mizuho Miyazaki) OSAKA -- Sekisui Chemical will acquire a controlling stake in Australian construction company Ausbuild Group for $335 million Australian dollars ($240 million) under plans announced Thursday by the Japanese homebuilder.

Nissan looks to maintain Japan capacity at 1m vehicles
Economy

Nissan looks to maintain Japan capacity at 1m vehicles

Japanese automaker plans to consolidate minivan production in 1 plant Nissan Motor will transfer production of the Elgrand minivan to its Tochigi plant in Japan. (Photo by Shintaro Ino) TOKYO -- Nissan Motor will retain the capacity to produce 1 million vehicles in Japan after a plant closure by transferring production among remaining facilities.