Bloomberg Apple Inc has asked its largest suppliers to consider the costs of shifting 15 percent to 30 percent of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported. The US tech giant asked “major suppliers” to evaluate the feasibility of such a migration, the newspaper cited multiple sources as saying. ...

Bloomberg Xiaomi Corp aims to spend an additional 5 billion yuan ($725 million) expanding its Chinese retail network over the next three years, anticipating a re-doubled effort by Huawei Technologies Co to grow its domestic market share. The smartphone maker will spend the money on expanding distribution channels and on reward programmes for its partners and sales employees, a person ...

Bloomberg Indonesia just made it cheaper for buyers to own an expensive house by raising the luxury tax threshold limit. The luxury levy of 20 percent on bungalows or high-rise condos will now apply only to properties valued at 30 billion rupiah ($2.1 million) or more, according to a Finance Ministry notification. The levy previously applied to town houses with ...