Bloomberg Lotte Group plans to divide four key businesses valued at about $12 billion into operating and holding units, slashing the number of cross shareholdings to 18 from 67 and allowing its chairman to tighten his grip on a hotels-to-retail conglomerate rocked by a years-long family feud and a corruption trial. Lotte Confectionery Co. will absorb the investment companies ...

  Bloomberg Netflix Inc. agreed to provide television series to China-based iQiyi.com, the streaming-video service controlled by Baidu Inc., gaining access to the only major film market that had eluded the world’s largest paid video service. The licensing deal covers television dramas, animated series, documentaries and variety shows, iQiyi said in an emailed statement on Wednesday. Popular Netflix original content ...

  Bloomberg PSA Group is unlikely to revive its car sales soon in China, the world’s largest automotive market, until the automaker can improve staffing at dealerships, Chief Financial Officer Jean-Baptiste de Chatillon said. “We need to address and fix some human resources aspects of the question” following a 46 percent plunge in the French manufacturer’s first-quarter deliveries in China ...