25/07/2016 Asia Business Report

Now on BBC News all the latest business news live from Singapore.

?1 billion, that is one big investment from a Chinese

entrepreneur into the city of Sheffield. And sponsors of banking

attempt to drive up sales as India goes crazy for Kabali. Welcome to

the Asia Business Report. Finance ministers from the world's against

economies have wrapped up the T20 summit with a pledge to support

global growth and improve on sharing the benefits of trade. The meeting

was somewhat dominated by the impact of Brexit and fears of rising

protectionism. Britain's Finance Minister said the UK is keen on a

free-trade deal with China. As for the mainland, there is no secret

that foreign investment is on the rise as the country would explore

opportunities overseas. But the decision by one entrepreneur to

invest ?1 billion in Sheffield seems remarkable. Our correspondent went

to meet him. Chinese -- this Chinese construction tycoon's office sits on

top of a tower block he built himself. He is unlikely as a

candidate to take interest in regenerating British cities, but he

says he sees opportunity. TRANSLATION: Sheffield has a great

prospect for development. It is an industrial city and is just at the

beginning of transition. It doesn't even have a 5-star hotel. He plans

to change that and shows us the 5-star hotel that he has just opened

in China. But to the announcement is almost certainly not a coincidence.

It comes hot the heels of Britain's Brexit vote, just as the UK

government is looking for high profile examples to show that the

economy is still open for business. Nonetheless, there are important

questions to be asked about exactly where this fountain of funding is

springing from. This first bit of investment money is more than ?200

million, and yet, the total market capital of your company is not much

more than that. Can you afford it? No, you have got that wrong. Our

publicly listed company is not involved in this any more. The

investment is coming from our parent company, and those finances are not

public. Wouldn't it be better if this investment was coming from a

public company, backed by shareholders with all the oversight,

rather than from this rather vague, somewhat opaque financing vehicle

controlled by you? If we had used our publicly listed company to

invest, the red tape would have been too complicated and time-consuming.

But every shareholder understands every decision we make and the board

might not have voted for all of our decisions. Hanging with pride, these

pictures show the investor meeting a young Xi Jinping. If there are any

concerns over the financial complexities of the Sheffield deal,

when it comes to his political credentials, he looks rock solid.

In other news:: American telecoms giant, Verizon, will reportedly

purchased Yahoo! For $5 million. An official announcement is expected on

Monday for US markets opened for trading. Japan's latest trade

figures showed a 7% fall in exports from one year ago. Imports fell by

nearly 19% and the latest data also says there is a surplus. Now,

Pokemon Go is not just leading players on a great adventure.

Nintendo shares have been on the rise and companies that have similar

products in their pipeline are also seeing trading gains even before

they are launched. If the latest gaming crazed just a fad or here to

stay? Here is the industry response. I personally think that Pokemon Go

is here to stay. One reason is that it already has amassed a critical

number of users in several dozen countries, and the other reason is

that other keen markets in the world, such as China, have not even

seen the game yet. At the moment, I think we are looking at 40 countries

where the application is available, and the worldwide roll-out is not

yet realised. Not all popular games have made companies rich, what did

Nintendo to write with -- do right with Pokemon Go? It is not really a

Nintendo game, it was made by a start-up in San Francisco. Nintendo

was a very welcoming to the idea when it was pitched to them to bring

Pokemon Go to mobile devices for the first time, and the critical point

is that the game has not only found a big user base not just even after

three weeks, but it is also making money. The monetisation techniques

inside the game have been very successful. They have very

successfully implemented this in the game. I think that is the key from

an economic perspective. Over the weekend in India, hundreds of

thousands of people flocked to the cinema to see a new film starring

one of Asia's highest-paid actors. The film is estimated to have taken

in at least $30 million since its release on Friday. It is not just

the actor and producers who are set to profit. Companies are keen to tap

in to the marketing potential. This is not just another film on an

opening weekend. The actor on screen is the reigning superstar of India's

film industry. And this is his latest film, Kabali. So slow that

his face was painted on a plane. The airline sold special tickets to 180

fans for around $100 each to fly from Bangalore to Chennai and watch

the first showing of Kabali. The chief executive says the movie was

the perfect way to showcase his brand. The plane is travelling

across India and is certainly being noticed. They have at least 100

people waiting outside for photographs. This is the most hotly

anticipated film of the year, so it is not surprising to find people

queueing up. At this cinema and many others like it, the opening weekend

was sold out weeks in advance. It is not unusual for a big hit and India

cinema lovers by nearly 3 million cinema tickets a year. -- buy.

Cadbury's, Amazon and others are just some of the companies investing

in the film. If you say Tamil, there is Malaysia, US, Germany, Singapore.

There are pockets in Europe and Australia. There is a huge base in

Canada. I think it is huge. I am sure it is only going to grow over a

period of time when more companies are investing. More than half of

India's films flop at the box offers, so commercial deals don't

always pay off. But every now and then there is abuzz as big as this

and it a gamble businesses are prepared to take.

And a look at the markets before we go. Japan is hoping that stimulus

measures will be announced fairly soon. There is also the Fred rule

reserve meeting later this week. Thank you for watching. -- Federal

reserve. The top stories this hour:

An explosion in the southern German city of Ansbach has killed one

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