11/04/2017 Asia Business Report


11/04/2017

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The funeral of his de Keith Palmer has been held in London. Stay with

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us. We will be back with the rest of the News of the date the first year

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is the business news. -- news of the day but first year is the business

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news. As Toshiba prepared to give its

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earnings a day, weaves find out why Japan getting crushed. And we've

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zoom in on the online market in India. Hello and welcome to Asia

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Business Report. Fox climb has reportedly signalled it could launch

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a $27 billion bid for Toshiba chip business. They are due to report

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their own inflated today after two previous delays. Toshiba is

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currently trying to sell off its prized chip business to cover losses

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from its troubled US nuclear unit, Westinghouse. It is not the only

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Japanese firm to struggle recently. These were the greatest brands in

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consumer goods for decades. Toshiba, Panasonic, Sony, he Tai Chi. So how

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did we end up here? First of all, the Chinese and Koreans came along

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and they can make these things just as all but much cheaper. Secondly

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and perhaps more importantly, these companies lost their Mojo. I forgot

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how to innovate. The country that invented a Walkman did not go on to

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invent the smart phone. Inside a vast exhibition hall, over 3000 new

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route crudes are being inducted into one of Japan's big corporations. --

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new recruits. These people can expect to see it banned their whole

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career in this one company. It will become their second home. They

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expect to work hard and with long hours and wait their turn for

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promotion. It is a model that has worked well for Japan in the past

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but it has problems. In this rigid corporate hierarchy, promotion is

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based on age not on talent. It is a culture that is resistant to change

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and bad at producing new ideas. Japan's big corporations realise

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they had to change to survive. Toshiba decided to bet on nuclear.

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In 2006 it went out and purchased a Westinghouse. Five years later, this

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happened. This is me inside the planned four

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years ago. This changed everything. Many countries decided they did not

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want anything to do with nuclear power. Those who did insisted any

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new plants must be much safer and because of that they would be much

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more expensive. That is the root of Toshiba's current financial

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disaster. Toshiba is not alone. Other famous Japanese names have

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been through deep crises. Last year Sharp was sold to a Taiwanese

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company. And now Toshiba will be broken up and its best plants sold

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off to the highest bill. The top e-commerce firm in India has raised

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1.4 billion dollars in its biggest ever funding round. The news comes

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amid speculation that they are looking at a potential takeover of a

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smaller rival, snap deal. What does this tell us about e-commerce in

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India? India's flip cards is getting bigger and bigger. Less than three

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years ago it purchased an online fashion retailer and last year it

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took over another company. Now it will own the eBay operations in

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India with as 's it is an talks to buy at another one. Small players

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are selling out to bigger ones is getting bigger in the e-commerce

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space. As far as this deal is concerned, eBay will continue to

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operate as an individual entity here in India although it will be owned

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by FlipCart. EBay will invest $500 million in exchange for a stake in

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the company. The two firms have signed a cross-border trade

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agreement which means that users of FlipCart here in India will have to

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the global infantry of eBay and customers on eBay will be able to

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purchase goods from FlipCart. This was part of a fundraising

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announcement from FlipCart where the company said it had raised $1.4

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billion from three global giants, apart from eBay they include 10

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cents and Microsoft. The money is hugely important for FlipCart

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because it is engaged in a fierce battle with Amazon for market share

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here in India. It is also an important development for the sector

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because we have recently seen many e-commerce companies in India

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struggle to raise cash. In other news:, a Japanese car maker, Toyota,

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has announced it is spending $1.3 billion on its planned in the US

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state of Kentucky, parts are plans to invest $10 billion in the

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country. It months after our president can't threatened a border

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tax if Toyota did not make its cars in the United States. And staying

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with the auto sector, Ford has partnered with Amazon to integrate

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the voice assistance into the latest line of cars. It includes the

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ability to remotely start your car by voice command. Our correspondent

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went to check it out. Alexa, asked my car for its tyre

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pressure. The tyre pressure is not currently showing any warnings.

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Ask my car to start. OK. Say your PIN number. 5678.

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So I tap here? Could you continue reading my audio book. So I can pick

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up from where I was at home. Find the nearest coffee shop. Here are a

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few nearby cafes. I wonder if people will wonder what

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Alexa is thinking rather than what is ahead of them on the road. As a

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driver we want to make driving safer so we can be in safe. For

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information and entertainment on the road you can use the voice, the

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safest way to interact with the car in general. A voice-activated car.

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What will they think of next? The logistics industry could be set for

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major changes due to a large number of deals that appeared to be moving

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ahead. Just this week we saw a page and a made an offer to purchase CW

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T. And late last year at a Singapore sovereign wealth fund offered to buy

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out a European firm. The logistics in Amazon looks to expand further

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into China. What drives all of these changes? I asked that question to an

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industry analyst. Logistics is an ever consolidating industry but I

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see these things as three different events. One is an aspiration of

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China to manage everything within without China. So that leads to very

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position. As the acquisition of the other company, a strategic

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investment aimed at generating more returns. I would put these two

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things into different categories. Logistics is definitely going to be

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a very exciting industry and we will see more and more consolidation. It

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is going to be. Will there be lots more consolidation? Are there still

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deals for investors? Definitely. There are good deals in areas such

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as dangerous goods and handling which are dominated by smaller

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players. The bigger players do not have a big footprint in these areas

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and so a good acquisition target. Both have a look at the markets

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because some of the Asian markets have opened. The chip Japan market

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opened down, due to concerns and nervousness about the tensions in

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the region, particularly in North Korea and sentiment dampened by a

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stronger

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