Bloomberg Chinese bike-rental startup Ofo Inc. raised more than $700 million in its latest funding round to expand its business globally amid rising domestic competition with Beijing Mobike Technology Co. and more than a dozen rivals. The series E round is led by billionaire Jack Ma’s Alibaba Group Holding Ltd., Hony Capital and Citic Private Equity, according to an emailed …

Bloomberg Japan’s economy is running the hottest relative to capacity since the global financial crisis. More than four years after the Bank of Japan launched its radical monetary easing, key conditions are aligning in its long battle to truly escape from deflation. The latest reading of the nation’s output gap is another milestone on the journey to that escape, economists …

Bloomberg Singapore’s luxury home prices, which have been the worst hit by the government’s property curbs in recent years, are finally showing signs of a recovery, according to developer Guocoland Ltd. High-end home sales in the city-state had been on an upswing even before the government in March eased some of its cooling measures in place since 2009, according to …