Bloomberg Netease Inc is planning an initial public offering in the US of its Youdao arm that could raise at least $300 million, people familiar with the matter said, propelling its expansion into a crowded online education arena. The company is working with Morgan Stanley and Citigroup Inc on the share sale with a goal to list as early as ...

Bloomberg South Korean President Moon Jae-in warned Japan that any effort to block his nation’s economic growth “will not succeed,” in the latest escalation of rhetoric between feuding neighbours. Moon told a cabinet meeting on Monday that he was aware that export restrictions imposed by Japan earlier this month targeted South Korea’s semiconductor industry and “the nation’s core competitiveness.” He ...

Bloomberg Chinese drugmakers jumped on Monday after a local news report that a centralised drug procurement plan that is hurting drugmakers’ profit will be expanded nationwide — but on milder terms than expected. The bulk buying programme for generic drugs, which had its pilot in 11 cities last December, will be rolled out across the country with gentler rules, according ...