Bloomberg SoftBank Group Corp. is seeking to raise a record 2 trillion yen ($18 billion) from Japanese individuals in the initial public offering (IPO) of its mobile phone unit, targeting investors who often get no interest on their savings, said people familiar with the matter. Nomura Holdings Inc., a joint global coordinator, will sell the biggest part of the shares ...

Bloomberg The ability to communicate, shop online, order rides, read books, play games, get food delivery and pay for anything within a single, unified smartphone app is Asia’s defining innovation, technology leaders said at Bloomberg’s New Economy Forum in Singapore. WeChat, Grab and Go-Jek are prime examples of a breed of software called the Super App. In the US and ...

Bloomberg A Chinese government official has sounded the most direct warning yet about the nation’s slumping car industry. China’s vehicle sales will come in under 30 million units this year and may even fall below the number in 2017, Wu Wei, a divisional director under China’s top economic planning body, said on Wednesday. Companies shouldn’t expand production capacity blindly, and ...