BLOOMBERG ByteDance Ltd’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. The social media giant will combine its Indonesian TikTok Shop business with GoTo’s e-commerce unit Tokopedia, the companies said. TikTok gets …

DUBAI / GULF TIME Vu Televisions, the fastest-growing large-sized TV manufacturer that originated in California, launches in the Middle East, introducing a premium luxury viewing experience with a seamless blend of Californian technology with award-winning aesthetics. Founded in California in 2006, Vu Televisions has sold over 3 Million products in large-size and 4K TVs. Viewers in the Middle East can …

BLOOMBERG A top-performing Japanese fund is shifting its attention to railway operators from automakers on expectations companies that rely on domestic revenue will fare better should the yen rebound. Carmakers, which have been among the Topix’s best sectors this year, may start to face headwinds if a stronger currency reduces the value of their overseas revenue, according to the Eurizon …