CINXE.COM
Company in focus
<!DOCTYPE html> <html lang="en"> <head><script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://asia.nikkei.com/Features/Company-in-focus/","20160505035735","https://web.archive.org/","web","/_static/", "1462420655"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" /> <!-- End Wayback Rewrite JS Include --> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <meta http-equiv="Content-Script-Type" content="text/javascript"/> <meta http-equiv="Content-Style-Type" content="text/css"/> <meta http-equiv="Pragma" content="no-cache"/> <meta http-equiv="Cache-Control" content="no-cache, must-revalidate"/> <meta http-equiv="Expires" content="-1"/> <meta http-equiv="X-UA-Compatible" content="IE=edge"/> <meta name="keywords" content=""/> <meta name="description" content=""/> <meta property="og:title" content="Company in focus"/> <meta property="og:description" content=""/> <meta property="og:image" content="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/settings/common-setting/9833-180-eng-GB/Common-setting.png"> <title>Company in focus</title> <meta property="og:url" content="https://web.archive.org/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/"/> <meta property="og:site_name" content="Nikkei Asian Review"/> <link rel="canonical" href="https://web.archive.org/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/"/> <link rel="apple-touch-icon-precomposed" href="/web/20160505035735im_/http://asia.nikkei.com/apple-touch-icon-precomposed.png"> <link rel="stylesheet" href="/web/20160505035735cs_/http://asia.nikkei.com/css/jquery-ui-1.10.3.custom.min.css"/> <link rel="stylesheet" href="/web/20160505035735cs_/http://asia.nikkei.com/css/common_v017.css"/> <link rel="stylesheet" href="/web/20160505035735cs_/http://asia.nikkei.com/css/style_v030.css"/> <link rel="stylesheet" href="/web/20160505035735cs_/http://asia.nikkei.com/css/custom/modal_v004.css"/> <link rel="stylesheet" href="/web/20160505035735cs_/http://asia.nikkei.com/extension/ezfind/design/standard/stylesheets/ezajax_autocomplete.css"/> <script src="/web/20160505035735js_/http://asia.nikkei.com/JavaScript/jquery-1.10.1.min.js"></script> <script src="/web/20160505035735js_/http://asia.nikkei.com/JavaScript/jquery-ui-1.10.3.custom.min.js"></script> <script src="/web/20160505035735js_/http://asia.nikkei.com/JavaScript/nar_v023.js"></script> <script src="/web/20160505035735js_/http://asia.nikkei.com/JavaScript/slider_v001.js"></script> <script type="text/javascript"> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; (function() { var gads = document.createElement("script"); gads.async = true; gads.type = "text/javascript"; var useSSL = "https:" == document.location.protocol; gads.src = (useSSL ? "https:" : "http:") + "//web.archive.org/web/20160505035735/http://www.googletagservices.com/tag/js/gpt.js"; node =document.getElementsByTagName("script")[0]; node.parentNode.insertBefore(gads, node); })(); </script> <script type="text/javascript"> googletag.cmd.push(function() { googletag.defineSlot('/7049/NikkeiEnglish_728*90', [728, 90], 'div-gpt-ad-1375148224113-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_300*250_1', [300, 250], 'div-gpt-ad-1375148072299-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_300*250_2', [300, 250], 'div-gpt-ad-1375260461786-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_300*250_3', [300, 250], 'div-gpt-ad-1404116812193-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_InRead_Article', [1, 1],'div-gpt-ad-1396427317542-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_InBoard_Article', [1, 1], 'div-gpt-ad-1410933087819-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); </script> <script type="text/javascript"> var YUI3_config = {base: "/extension/ezjscore/design/standard/lib/yui/3.9.0/build/", modules: {}, combine: false}; var YUI2_config = {base: "/extension/ezjscore/design/standard/lib/yui/2.8.2/build/", modules: {}, combine: false}; </script> <script type="text/javascript" src="/web/20160505035735js_/http://asia.nikkei.com/js/7bebe13.js"></script> <script type="text/javascript"> <!-- user_category =""; login_flag = false; var authority = "A1"; var memberId = ""; var aid = ""; var contractId = "" ; var contractName = "" ; --> </script> <script type="text/javascript"><!-- $(function() { if(("user_section" in window) && ("user_status" in window)){ if (user_section == 1 && user_status == 2){ if(!NAR_js.has_cookie('odm')) { NAR_js.modal_gd('02_01'); NAR_js.set_oneday_cookie('odm'); } } } }); --></script> <script>(function() { var _fbq = window._fbq || (window._fbq = []); if (!_fbq.loaded) { var fbds = document.createElement('script'); fbds.async = true; fbds.src = '//web.archive.org/web/20160505035735/http://connect.facebook.net/en_US/fbds.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(fbds, s); _fbq.loaded = true; } _fbq.push(['addPixelId', '1076130949081971']); })(); window._fbq = window._fbq || []; window._fbq.push(['track', 'PixelInitialized', {}]); </script> <noscript><img height="1" width="1" alt="" style="display:none" src="https://web.archive.org/web/20160505035735im_/https://www.facebook.com/tr?id=1076130949081971&ev=PixelInitialized"/></noscript> <script src="//web.archive.org/web/20160505035735js_/http://assets.adobedtm.com/43692acb8f62beca52063bd53825dcc138f4617b/satelliteLib-f0b759d61953ea549c6cc70abb26c8ddca3274f5.js"></script> </head> <body> <div id="fb-root"></div> <script type="text/javascript"> window.fbAsyncInit = function() { // FB initialize FB.init({ appId : '250799988299057', xfbml : true, version : 'v2.5' }); // Subscribe to the Like event FB.Event.subscribe('edge.create',function(response){ var narURL = window.location.href; ga('send', 'social', { 'socialNetwork': 'Facebook', 'socialAction': 'follow', 'socialTarget': narURL }); ga('send', 'event', 'Facebook', 'follow', 'Facebook-follow',0, {nonInteraction:true}); }); // Subscribe to the UnLike event FB.Event.subscribe('edge.remove',function(response){ var narURL = window.location.href; ga('send', 'social', { 'socialNetwork': 'Facebook', 'socialAction': 'unfollow', 'socialTarget': narURL }); ga('send', 'event', 'Facebook', 'unfollow', 'Facebook-unfollow',0, {nonInteraction:true}); }); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//web.archive.org/web/20160505035735/http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); window.twttr = (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0], t = window.twttr || {}; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "https://web.archive.org/web/20160505035735/https://platform.twitter.com/widgets.js"; fjs.parentNode.insertBefore(js, fjs); t._e = []; t.ready = function(f) { t._e.push(f); }; return t; }(document, "script", "twitter-wjs")); </script> <!-- /#header --> <div id="header"> <div class="header-banner"> <!-- NikkeiEnglish_728*90--> <div id="div-gpt-ad-1375148224113-0" style="width:728px; height:90px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1375148224113-0'); }); </script> </div> <div id="login_before" class=""><a href="https://web.archive.org/web/20160505035735/https://regist.asia.nikkei.com/member/register/?n_cid=NARAN041"><img src="/web/20160505035735im_/http://asia.nikkei.com/static/pr/20160107-pc_header230x90.jpg" alt=""/></a></div> <div id="login_after" class="display_none"><a href="/web/20160505035735/http://asia.nikkei.com/magazine/?n_cid=NARAN068"><img src="/web/20160505035735im_/http://asia.nikkei.com/static/pr/20160107-pc_header230x90_rtm.jpg" alt=""/></a></div> <script language="JavaScript" type="text/javascript"> NAR_js.pr_header(); </script> </div> <div class="header-content"> <h1 class="logo"><a href="/web/20160505035735/http://asia.nikkei.com/"><img src="/web/20160505035735im_/http://asia.nikkei.com/images/img_logo.png" alt="Nikkei Asian Review"/></a></h1> <div class="header-tool"> <ul class="base-list"> <li class="sp-l-menu ct_hidden"><a href="javascript:void(0)" class="js_balloon">Log in</a></li> <li class="sp-l-menu"><a href="/web/20160505035735/http://asia.nikkei.com/member/register/?n_cid=NARAN040">Subscribe</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/about">About Nikkei Asian Review</a></li> </ul> <div> <div class="change-region">Sort by Region <table> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=1">Mainland China</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=2">North Korea</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=3">South Korea</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=4">Japan</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=5">Taiwan</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=6">Hong Kong, Macau</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=7">Vietnam</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=8">Laos, Cambodia, Myanmar</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=9">Thailand</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=10">Malaysia</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=11">Singapore</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=12">Philippines</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=13">Indonesia</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=14">India</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=15">Pakistan, Bangladesh,Sri Lanka, Nepal, Bhutan</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=16">Mongolia, Central Asia, Afghanistan</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=17">Russia, Caucasus</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=18">Australia, New Zealand, Pacific Islands</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=19">Turkey</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=20">Iran</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=21">Middle East, North Africa</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=22">Sub-Saharan Africa</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=23">Europe</a></td> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=24">North America</a></td> </tr> <tr> <td><a href="/web/20160505035735/http://asia.nikkei.com/search/findByRegion?facet_region=25">Latin America</a></td> </tr> </table> </div> <div> <form name="searchHeadArticles" action="/web/20160505035735/http://asia.nikkei.com/search/find"> <div class="search-box" id="ezautocomplete"> <input id="SearchText" class="pHolder" name="search_keyword" autocomplete="off" type="text" title="Search articles"/> <a href="#">search</a> <div id="header-autocomplete-rs"></div> </div> </form> <script language="JavaScript" type="text/javascript"> jQuery('#header-autocomplete-rs').css('width', '174px'); var autocomplete = new eZAJAXAutoComplete({ url: "/ezjscore/call/custom::autocomplete", inputid: 'SearchText', containerid: 'header-autocomplete-rs', minquerylength: 2, resultlimit: 5 }); </script> </div> <div> <form name="searchHeadCompanies" action="/web/20160505035735/http://asia.nikkei.com/Company/SearchResults"> <div class="search-box" id="ezautocomplete"> <input id="SearchText" class="pHolder" name="search_keyword" autocomplete="off" type="text" title="Search companies"/> <a href="#">search</a> </div> </form> </div> </div> </div> <div id="modal-login-balloon"> <div class="js_form-login-balloon_loading-layer" style="position: absolute; top: 0; left: 0; right: 0; bottom: 0; background: rgba(255, 255, 255, 0.3); z-index: 120; display: none;"></div> <img src="/web/20160505035735im_/http://asia.nikkei.com/images/bg_load_2.gif" alt="loading..." class="js_form-login-balloon_loading-img" style="position: absolute; top: 50%; left: 50%; margin-left: -24px; margin-top: -24px; z-index: 150; display: none;"/> <form id="js_form-login-balloon" class="bg" action="https://web.archive.org/web/20160505035735/https://regist.asia.nikkei.com/member/auth/login/process"> <div class="login-form"> <h3 class="title">Log in</h3> <div class="input-form"> <dl> <dt>E-mail address/ID</dt> <dd class="js_valid js_notnull js_type_loginId"> <input type="text" class="js_vc-mail" name="formLogin[loginId]" id="js_form-login-balloon_loginId" msg_require="Please enter your e-mail address/ID" msg_type="Please enter valid e-mail address/ID" maxlength="100" style="ime-mode: disabled;"/> <p class="error"></p> </dd> <dt>Password<span class="arrow"><a href="/web/20160505035735/http://asia.nikkei.com/member/password/" tabindex="-1">Forgot password?</a></span></dt> <dd class="js_valid js_notnull"> <input type="password" name="formLogin[password]" id="js_form-login-balloon_password" msg_require="Please enter your password" maxlength="30"/> <p class="error"></p> </dd> </dl> <div><label><input type="checkbox" checked="checked" name="formLogin[rememberMe]" id="js_form-login-balloon_rememberMe"/>Remember me</label></div> <div class="login-btn"><button type="submit" id="login-balloon-submit" class="general-submit-btn js_btn-submit"><span>Log in</span></button></div> <input type="hidden" name="formLogin[mode]" id="js_form-login-balloon_mode" value="NORMAL"/> </div> </div> </form> <a class="close-btn js_close">close</a> <script type="text/javascript"><!-- $(document).ready( function() { $("#js_form-login-balloon").submit( function() { NAR_js.login($("#js_form-login-balloon")); return false; }); }); --></script> </div><!-- /#login-balloon --> </div> <div class="navigation active"> <div class="inner"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/">Home</a></li> <li class="list-open"> <a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/">Politics & Economy</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/Policy-Politics">Policy & Politics</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/Economy/">Economy</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/International-Relations/">International Relations</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035735/http://asia.nikkei.com/Business/">Business</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/Business/Companies/">Companies</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Business/AC"> Asia300</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Business/Trends/">Trends</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Business/Deals">Deals</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Business/Executive-Lounge">Executive Lounge</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Business/Consumers/">Consumers</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035735/http://asia.nikkei.com/Markets/">Markets</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/Markets/Capital-Markets/">Capital Markets</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Markets/Equities">Equities</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Markets/Currencies/">Currencies</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Markets/Commodities/">Commodities</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Markets/Property/">Property</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Markets/Tokyo-Market/">Tokyo Market</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Markets/Nikkei-PMI/">Nikkei PMI</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035735/http://asia.nikkei.com/Tech-Science/">Tech & Science</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/Tech-Science/Tech/">Tech</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Tech-Science/Science/">Science</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035735/http://asia.nikkei.com/Viewpoints/">Viewpoints</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/Viewpoints/Viewpoints/">Viewpoints</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Viewpoints/Editorial/">Editorial</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035735/http://asia.nikkei.com/Life-Arts/">Life & Arts</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/Life-Arts/Life/">Life</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Life-Arts/Arts/">Arts</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Life-Arts/Japan-Trends/">Japan Trends</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Life-Arts/Education/">Education</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Life-Arts/Milestone/">Milestone</a></li> </ul> </div> </li> <li class="list-open"> <a>Features</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Philippine-presidential-election/">Philippine elections</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Mitsubishi-Motors-emissions-scandal/">Mitsubishi Motors scandal</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Kyushu-earthquakes/">Kyushu earthquakes</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Panama-Papers/">Panama Papers</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/North-Korea-launches-long-range-rocket/">Pyongyang provocation</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Startups">Startups</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Trans-Pacific-Partnership/">Trans-Pacific Partnership</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/China-up-close/">China up close</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/CEO-in-the-news/">CEO in the news</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/">Company in focus</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Features/Tea-Leaves/">Tea Leaves</a></li> </ul> </div> </li> <li><a href="/web/20160505035735/http://asia.nikkei.com/Japan-Update/">Japan Update</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/magazine">Print Edition</a></li> </ul> </div> </div> </div><!-- /#header --> <div id="content"> <div class="primary"> <div class="topic-path"> <ul> <li class="last">Features</li> </ul> </div> <h1 class="glance">Company in focus</h1> <div class="article list-area"> <div class="article-box"> <div class="column-layout feature list"> <div class="img-side"> <a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Online-retailer-JD.com-steps-on-the-gas-in-its-pursuit-of-Alibaba"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0408t/20160408_jd.com1/4329093-1-eng-GB/20160408_jd.com1_main_image.jpg" width="280" alt=""/> </a> <p class="img-caption"> JD.com CEO Richard Liu prepares to deliver goods to customers in Beijing on June 16, 2014, to celebrate the anniversary of the company's founding. <span class="img-credit"> © Reuters </span> </p> </div> <div class="feature-article"> <div class="sub-title">Company in focus</div> <h2 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Online-retailer-JD.com-steps-on-the-gas-in-its-pursuit-of-Alibaba">Online retailer JD.com steps on the gas in its pursuit of Alibaba</a></h2> <p>BEIJING -- China's massive e-commerce market is growing more crowded by the day, but only one player has industry leader Alibaba Group Holding looking over its shoulder: the recently ascendent JD.com. The No. 2 e-retailer is growing much faster t...</p> </div> </div> </div> <div class="article-list "> <div class="article-box text-list"> <ul> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Tata-Steel-retreats-from-UK-to-Europe">Tata Steel's UK sale likely to spur European shake-up</a></h3> <p>NEW DELHI/MUMBAI -- When India's Tata Steel acquired the Anglo-Dutch company Corus for 6.2 billion pounds ($8.82 billion) after an intense bidding war with Brazil's Companhia Sideurgica Nacional in 2007, little did it imagine that it would want to ex...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Huge-cyber-heist-via-RCBC-rocks-Philippine-banking">Huge cyber heist via RCBC rocks Philippine banking</a></h3> <p>MANILA -- Can a multimillion-dollar dirty money transaction be orchestrated by the manager of an ordinary bank branch? Rizal Commercial Banking Corp., the former employer of an RCBC Makati City branch head Maia Santos-Deguito, thinks it can. On M...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Eva-Airways-theater-of-classic-Taiwan-family-business-feud">Eva Airways, theater of classic Taiwan family business feud</a></h3> <p>TAIPEI -- When Captain Chang Kuo-wei lifted his Boeing 777-300ER from Taiwan Taoyuan International Airport on Mar. 11 for the regular Eva Airways BR225 early flight to Singapore, there was nothing on the horizon to alert him to disaster.</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Singapore-s-massage-chair-king-says-goodbye-to-the-stock-market">Singapore's massage chair king says goodbye to the stock market</a></h3> <p>SINGAPORE -- One of Singapore's most successful entrepreneurs hopes to take advantage of recent share price weakness to buy out minority investors and delist his company OSIM International, which sells massage chairs and luxury tea across Asia. R...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/AirAsia-has-put-itself-on-a-new-trajectory">AirAsia has put itself on a new trajectory</a></h3> <p>KUALA LUMPUR -- More than 14 months after flight 8501 crashed into the Java Sea, AirAsia shares are showing signs of bottoming out, largely due to strategic changes that began in 2015. On Feb. 29, one day after the budget carrier announced it had...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/True-gambles-big-as-Thai-4G-rivalries-get-rough-and-tumble">True gambles big as Thai 4G rivalries get rough-and-tumble</a></h3> <p>BANGKOK -- True Corp. was the big winner in the fourth-generation network spectrum auctions Thailand held last year. The country's No. 3 mobile carrier, controlled by billionaire Dhanin Chearavanont, snagged two of the four slots up for grabs, while ...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/As-oil-sinks-rig-builder-Keppel-finds-ways-to-stay-afloat">As oil sinks, rig builder Keppel finds ways to stay afloat</a></h3> <p>SINGAPORE -- Buffeted by the global oversupply of oil, Singapore's Keppel Corp. is grappling with another headache half a world away. Yet, although the market is rife with speculation over a possible restructuring of the rig builder and a broader ind...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Indonesian-rail-project-a-big-test-for-Wika-s-survival">Indonesian rail project a big test for Wika's survival</a></h3> <p>JAKARTA -- On the morning of Jan. 21, a bright-red excavator dug its claws into a patch of earth in the western outskirts of Bandung as Indonesia's president, Joko Widodo, looked on with a smile. He was witnessing the launch of the country's first hi...</p> </li> <li> <div class="sub-title">Company in focus </div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/For-former-Airbus-exec-Tata-Motors-a-big-challenge">For former Airbus exec, Tata Motors a big challenge</a></h3> <p>MUMBAI -- At last year's annual shareholders meeting, Tata group Chairman Cyrus Mistry was flayed by some in attendance for failing to find a chief executive for Tata Motors, a post left vacant in 2014 by the death of Karl Slym. Mistry had been o...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Will-CEOs-sudden-exit-hamper-SingPosts-ecommerce-plans">Will CEO's sudden exit hamper SingPost's e-commerce plans?</a></h3> <p>SINGAPORE -- The abrupt resignation of Singapore Post chief executive Wolfgang Baier on Dec. 10 got the city-state buzzing. Baier was seen as the driving force behind SingPost's expansion into e-commerce amid a decline in global mail volume. The ...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Singtel-bolsters-regional-ties-to-leverage-570M-subscribers">Singtel bolsters regional ties to leverage 570M subscribers</a></h3> <p>JAKARTA/SINGAPORE -- Representatives of tech startups from across Asia were gathered on a stage in a Jakarta hotel on Dec. 8. Bringing them together was an app-development competition sponsored by Singapore Telecommunications, whose CEO, Chua Sock Ko...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Investors-not-sold-on-Emperador-s-global-buying-binge">Investors not sold on Emperador's global buying binge</a></h3> <p>MANILA -- When Emperador splurged on U.K. whiskey maker Whyte & Mackay last year, some thought its thirst for growth had been quenched. The announcement of a fresh acquisition on Tuesday proved that was not the case. The homegrown distiller of Ph...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Nestle-India-tries-to-cook-up-recovery-following-Maggi-noodle-woes">Nestle India tries to cook up recovery following Maggi noodle woes</a></h3> <p>NEW DELHI -- For more than three decades, Swiss food giant Nestle's Maggi noodles were a favorite in India. That was before a controversy broke this year over allegations of excessive lead content. Five months after the noodles were pulled from store...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Singapore-Airlines-turns-to-a-wounded-Tiger-for-relief">Singapore Airlines turns to a wounded Tiger for relief</a></h3> <p>SINGAPORE -- Oil prices are tumbling, but the stress level in Singapore Airlines' boardroom is only rising. Competition is coming from budget airlines and from new players in the premium long-haul segment, squeezing the flag carrier's profits fas...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Zee-Entertainment-tunes-into-emerging-markets">Zee Entertainment tunes into emerging markets </a></h3> <p>MUMBAI -- When media baron Rupert Murdoch's News Corp. was establishing a beachhead in India in the 1990s, it had one competitor to beat: homegrown media company Zee Entertainment Enterprises. It did, but only for a while. Zee has bounced back in...</p> </li> <li> <div class="sub-title">Company in focus </div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Quest-for-growth-takes-Jollibee-Foods-beyond-Asia">Quest for growth takes Jollibee Foods beyond Asia</a></h3> <p>MANILA -- From swallowing up a congee maker in China to taking a bite of a Vietnamese pho chain's ownership, Jollibee Foods' rise as one of Asia's leading fast-food companies has been helped by acquisitions at home and abroad. As it looks to become a...</p> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Features/Company-in-focus/Bloomberry-Resorts-bets-big-on-South-Korea">Bloomberry bets on South Korea amid stock market headwind</a></h3> <p>MANILA -- Since raising $126 million in fresh capital in November 2014 to help fund an overseas expansion, Philippine gaming company Bloomberry Resorts has moved swiftly to fulfill that ambition. Nevertheless, investors do not appear keen on the stra...</p> </li> </ul> </div> <div class="pagination"> <div class="first-page"></div> <ul class="page-number"> <li style="width:83px;"></li> <li class="current">1</li> <li style="width:83px;"></li> </ul> <div class="last-page"></div> </div> </div> </div> </div> <div class="secondary"> <div class="link-box "> <h5 class="title"><a href="/web/20160505035735/http://asia.nikkei.com/Latestheadlines">Latest headlines</a></h5> <ul class="headline-list"> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/International-Relations/Trump-urges-Japan-to-pay-more-to-maintain-US-military-bases">Trump urges Japan to pay more to maintain US military bases</a> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Markets/Nikkei-PMI/Singapore-s-business-activity-enters-contraction-territory-in-April">Singapore's business activity enters contraction territory in April</a> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Viewpoints/VPP61-ON-A-ROLL-kickster-For-continued-growth-Vietnams-new-government-needs-to-keep-the-reform-momentum-going">Editorial: Vietnam's new leadership must keep the reforms coming</a> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/International-Relations/Abe-Merkel-differ-over-fiscal-stimulus-ahead-of-G-7-summit">Abe, Merkel differ over fiscal stimulus ahead of G-7 summit</a> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Markets/Nikkei-PMI/Hong-Kong-s-business-activity-deteriorates-further">Hong Kong's business activity deteriorates further</a> </li> </ul> <div class="more"><a href="/web/20160505035735/http://asia.nikkei.com/Latestheadlines">more</a></div> </div> <div class="rectangle"> <!-- NikkeiEnglish_300*250_1 --> <div id="div-gpt-ad-1375148072299-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1375148072299-0'); }); </script> </div> </div> <!-- Follow Nikkei Asian Review --> <div class="link-box"> <h5 class="title">Follow Nikkei Asian Review</h5> <table class="follow-nar"> <tr> <th><div class="fb-like" data-href="https://www.facebook.com/nikkeiasianreview/" data-layout="button_count" data-action="like" data-show-faces="false" data-share="false"></div></th> <td class="Facebook">The best content posted</td> </tr> <tr> <th><a href="https://web.archive.org/web/20160505035735/https://twitter.com/NAR" class="twitter-follow-button" data-show-count="false">Follow @NAR</a> </th> <td class="Twitter">The latest headlines tweeted</td> </tr> </table> </div> <div class="link-box "> <h5 class="title">Most read</h5> <ul class="ranking-list"> <li class="number1"> <a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Xi-Jinping-vs.-Li-Keqiang"><span class="sub-title-s">China up close: </span>Xi Jinping vs. Li Keqiang</a> </li> <li class="number2"> <a href="/web/20160505035735/http://asia.nikkei.com/Business/AC/Philippines-Inc-Duterte-Harry-and-the-men-with-fists-full-of-dollars">Philippines, Inc. wary of Duterte as next president</a> </li> <li class="number3"> <a href="/web/20160505035735/http://asia.nikkei.com/Business/Trends/Foreign-operators-battle-for-Asian-airports-amid-privatization-wave">Foreign operators battle for Asian airports amid privatization wave</a> </li> <li class="number4"> <a href="/web/20160505035735/http://asia.nikkei.com/Business/Trends/Japan-exporters-stand-to-take-nearly-10bn-hit-from-rising-yen">Japan exporters stand to take nearly $10bn hit from rising yen</a> </li> <li class="number5"> <a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Trump-wins-big-in-Indiana-with-a-clear-path-as-Cruz-quits">Trump wins big in Indiana, with a clear path as Cruz quits</a> </li> </ul> </div> <!-- Videos --> <div class="link-box videos"> <h5 class="title"><a href="https://web.archive.org/web/20160505035735/http://video.asia.nikkei.com/">Videos</a></h5> <div class="column-layout"> <ul class="video-detail"> <li> <a href="https://web.archive.org/web/20160505035735/http://video.asia.nikkei.com/detail/videos/business-clip/video/4846543373001/evyap-making-soap-in-new-ways"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/video/2016/soap-evyap/4272093-4-eng-GB/Soap-Evyap.jpg" width="80" alt=""> <p>How Evyap makes soap</p> </a> </li> <li> <a href="https://web.archive.org/web/20160505035735/http://video.asia.nikkei.com/detail/videos/channel-japan/video/4834942604001/making-good-designs-sell"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/video/2016/cj-crowd-sourced-manufacturing/4320002-1-eng-GB/CJ-Crowd-sourced-manufacturing.jpg" width="80" alt=""> <p>Crowd-sourced manufacturing</p> </a> </li> <li> <a href="https://web.archive.org/web/20160505035735/http://video.asia.nikkei.com/detail/videos/close-up/video/4807896683001/whisky-s-new-player-on-world-stage:-taiwan"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/video/2016/taiwan-whisky-maker/4228177-1-eng-GB/Taiwan-whisky-maker.jpg" width="80" alt=""> <p>Taiwan whisky takes on the world</p> </a> </li> </ul> </div> <div class="more"><a href="https://web.archive.org/web/20160505035735/http://video.asia.nikkei.com/">more</a></div> </div> <div class="rectangle"> <!-- NikkeiEnglish_300*250_2 --> <div id="div-gpt-ad-1375260461786-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1375260461786-0'); }); </script> </div> </div> <div class="link-box "> <h5 class="title">Editor's picks</h5> <ul class="photo-list another-case"> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Business/Companies/AI-may-help-Japan-s-baseball-champs-rewrite-Moneyball"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/20160429t/hawksai1/4432489-1-eng-GB/HawksAI1_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035735/http://asia.nikkei.com/Business/Companies/AI-may-help-Japan-s-baseball-champs-rewrite-Moneyball">AI may help Japan's baseball champs rewrite 'Moneyball' </a> </p> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/magazine/20160428-Commodities-crucible/Tech-Science/Growbots-promise-to-transform-Australian-agriculture"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0415t/20160415_sydney_university/4359653-1-eng-GB/20160415_Sydney_university_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035735/http://asia.nikkei.com/magazine/20160428-Commodities-crucible/Tech-Science/Growbots-promise-to-transform-Australian-agriculture">Growbots promise to transform Australian agriculture</a> </p> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Business/AC/Philippines-Inc-Duterte-Harry-and-the-men-with-fists-full-of-dollars"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/20160501/20160505-duterte-ayala/4438812-1-eng-GB/20160505-Duterte-Ayala_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035735/http://asia.nikkei.com/Business/AC/Philippines-Inc-Duterte-Harry-and-the-men-with-fists-full-of-dollars">Philippines, Inc. wary of Duterte as next president</a> </p> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Xi-Jinping-vs.-Li-Keqiang"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0502t/20160502_xi_vs_li/4437888-1-eng-GB/20160502_xi_vs_li_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035735/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Xi-Jinping-vs.-Li-Keqiang"><span class="sub-title-s">China up close: </span>Xi Jinping vs. Li Keqiang</a> </p> </li> <li> <a href="/web/20160505035735/http://asia.nikkei.com/Business/Companies/Taiwan-s-godfather-of-retail-eyes-supermarket-revolution"> <img src="/web/20160505035735im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0427n/0427n-chuan-lian-taipei/4420920-1-eng-GB/0427N-Chuan-Lian-Taipei_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035735/http://asia.nikkei.com/Business/Companies/Taiwan-s-godfather-of-retail-eyes-supermarket-revolution">Taiwan's godfather of retail eyes supermarket revolution</a> </p> </li> </ul> </div> <div class="rectangle"> <!-- NikkeiEnglish_300*250_3 --> <div id="div-gpt-ad-1404116812193-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1404116812193-0'); }); </script> </div> </div> <!-- NikkeiEnglish_InRead_Article --> <div id="div-gpt-ad-1396427317542-0" style="width:1px; height:1px;"> <script type="text/javascript"> var obCheck = document.querySelectorAll('.articleBodyText p').length; var vdCheck = document.querySelectorAll('.BrightcoveExperience param').length; if ((obCheck >= 1) && !(vdCheck >= 1)) { if((authority == "A1" || authority == "A2") && (cms_section == 8 || cms_section == 10)){ var current_cookie_name = String(now_date.getFullYear())+String(now_date.getMonth()+1)+"vc"; var current_user_view_count = getCookie(current_cookie_name); var current_cookie_nameList = current_cookie_name+"l"; var current_user_view_article_list = getCookieList(current_cookie_nameList); var in_array_flag = false; for(var i = 0; i < current_user_view_article_list.length; i++) { if(current_user_view_article_list[i] == article) { in_array_flag = true; } } if((authority == "A1") && (current_user_view_count >= article_limit) && !in_array_flag){ } else if((authority == "A2") && (current_user_view_count >= article_limit_free) && !in_array_flag) { } else { googletag.cmd.push(function() { googletag.display('div-gpt-ad-1396427317542-0'); }); } } else if((authority == "A1" || authority == "A2") && (cms_section == 9)){ } else { googletag.cmd.push(function() { googletag.display('div-gpt-ad-1396427317542-0'); }); } } </script> </div> <!-- NikkeiEnglish_InBoard_Article --> <div id="div-gpt-ad-1410933087819-0" style="width:1px; height:1px;"> <script type="text/javascript"> var obCheck = document.querySelectorAll('.articleBodyText p').length; var vdCheck = document.querySelectorAll('.BrightcoveExperience param').length; if ((obCheck >= 1) && !(vdCheck >= 1)) { googletag.cmd.push(function() { googletag.display('div-gpt-ad-1410933087819-0'); }); } </script> </div> </div> </div><!-- /#content --> <div id="footer"> <div class="footer-content"> <img src="/web/20160505035735im_/http://asia.nikkei.com/images/img_logo_footer.png" alt="Nikkei Asian Review"/> <div class="footer-link"> <ul class="snsicon-list"> <li class="Facebook"><a href="https://web.archive.org/web/20160505035735/https://www.facebook.com/nikkeiasianreview" target="_blank">Facebook</a></li> <li class="Twitter"><a href="https://web.archive.org/web/20160505035735/https://twitter.com/NAR" target="_blank">Twitter</a></li> <li class="LinkedIn"><a href="https://web.archive.org/web/20160505035735/http://www.linkedin.com/company/nikkei-asian-review" target="_blank">LinkedIn</a></li> <li class="Google"><a href="https://web.archive.org/web/20160505035735/https://plus.google.com/105293795757249725929/posts" target="_blank">Google+</a></li> <li class="YouTube"><a href="https://web.archive.org/web/20160505035735/https://www.youtube.com/user/NikkeiAsia" target="_blank">YouTube</a></li> <li class="RSS"><a href="/web/20160505035735/http://asia.nikkei.com/info/rss" target="_blank">RSS</a></li> </ul> <ul class="appstore-link"> <li><a href="https://web.archive.org/web/20160505035735/http://itunes.com/apps/thenikkeiasianreview" target="_blank"><img src="/web/20160505035735im_/http://asia.nikkei.com/images/banner_appstore_l.png" alt="App store"/></a></li> <li><a href="https://web.archive.org/web/20160505035735/https://play.google.com/store/apps/details?id=com.nikkei.asianreview" target="_blank"><img src="/web/20160505035735im_/http://asia.nikkei.com/images/banner_googleplay_l.png" alt="google play"/></a></li> </ul> </div> </div> <ul class="footer-nav base-list"> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/about">About Nikkei Asian Review</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/sitemap">Site map</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/help">Help</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/contact">Contact us</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/terms-of-use">Terms of use</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/copyright">Copyright</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/privacy">Privacy & cookie policy</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/advertising">Advertising</a></li> <li><a href="/web/20160505035735/http://asia.nikkei.com/info/announcements">Announcements</a></li> </ul> <div class="footer-tool"> <div class="copyright">Copyright © 2016 Nikkei Inc. All rights reserved.</div> <div class="language"> <ul class="base-list"> <li><a href="https://web.archive.org/web/20160505035735/http://www.nikkei.com/" target="_BLANK">Japanese</a></li> <li><a href="https://web.archive.org/web/20160505035735/http://cn.nikkei.com/" target="_BLANK">Chinese</a></li> </ul> </div> </div> </div><!-- /#footer --> <div id="ms-link"> <ul> <li><a href="javascript:void(0);" onclick="javascript:NAR_js.view_change('sp');">Mobile site</a></li> </ul> </div> <div id="modal_gd02_01" class="util"> <h3 class="title">Update your payment information</h3> <div> <p>Your subscription renewal could not be processed. Please update your payment information to continue enjoying the Nikkei Asian Review.</p> <div class="login-btn"><a href="/web/20160505035735/http://asia.nikkei.com/member/edit/plan?return_url=/Features/Company-in-focus/&n_cid=NARAN007" class="general-btn" id="resubscribe"><span>Resubscribe now</span></a></div> </div> <a class="close-btn js_close" href="#">Close</a> <div style="display:none" class="ga" id="MDLogin(FreeUser)"></div> </div><!-- /#modal --> <div id="modal-screen_gd02_01"></div> <div id="modal_gd06_01" class="util expiration"> <h3 class="title">Your trial period has expired</h3> <div> <p> Subscribe today to continue enjoying NAR.<br> • Unlimited access to asia.nikkei.com<br> • Unlimited access to NAR mobile and tablet apps<br> • Add delivery of NAR in print each week </p> <div class="login-btn"><a href="/web/20160505035735/http://asia.nikkei.com/member/register/?return_url=/Features/Company-in-focus/&n_cid=NARAN006" class="general-btn" id="subscribe"><span>See all offers and subscribe</span></a></div> </div> <a class="close-btn js_close" href="#">Close</a> <div style="display:none" class="ga" id="MDExpired(TrialUser)"></div> </div><!-- /#modal --> <div id="modal-screen_gd06_01"></div> <div id="modal_gd09_01" class="util expiration"> <img src="/web/20160505035735im_/http://asia.nikkei.com/images/img_logo.png" alt="nikkei asian review"/> <img src="/web/20160505035735im_/http://asia.nikkei.com/images/For_welcome_modal.png" alt="cover"/> <h3 class="title"></h3> <div> <p class="explain"> Nikkei Asian Review is the only publication that brings you Insight about Asia, from the inside out. XXcontractNameXX has enabled you free full access to Nikkei Asian Review. </p> <div class="login-btn"><a href="#" class="general-btn js_close"><span>Close this message</span></a></div></div> <a class="close-btn js_close" href="#">Close</a> <div style="display:none" class="ga" id="MDWelcome(IPUser)"></div> <div style="display:none" class="value" id=""></div> </div><!-- /#modal --> <div id="modal-screen_gd09_01"></div> <div id="footer-script"> <script type="text/javascript"> var page = "1"; if(typeof authority === "undefined"){ var authority = ""; } if(typeof memberId === "undefined"){ var memberId = ""; } if(typeof contractId === "undefined"){ var contractId = ""; } var viewMode = "PC"; </script> <!--SiteCatalyst code--> <script type="text/javascript"> var now = new Date(); var pageName = location.href; var channel = "NAR"; var server = document.domain; var pageType = ""; var prop1 = "NAR-Features"; var prop2 = "NAR-Features-Company in focus"; var prop3 = ""; var prop4 = ""; var prop5 = page; var prop6 = now.getHours(); var prop9 = ""; var prop10 = ""; var prop11 = ""; var prop12 = ""; var prop25 = ""; var prop26 = ""; var prop27 = ""; var prop28 = authority; var prop29 = ""; var prop34 = viewMode; var prop35 = contractId; var prop44 = memberId; </script> <!-- SiteCatalyst code version: H.9. Copyright 1997-2007 Omniture, Inc. More info available at http://www.omniture.com --> <script language="JavaScript" src="https://web.archive.org/web/20160505035735js_/http://parts.nikkei.com/parts/SC/NAR/s_codeNAR20141101.js"></script> <script language="JavaScript" src="https://web.archive.org/web/20160505035735js_/http://cdn.nikkei.com/parts/SC2/s_cDS.js"></script> <script language="JavaScript"> <!-- if(navigator.appVersion.indexOf('MSIE')>=0)document.write(unescape('%3C')+'\!-'+'-') //--></script> <noscript><a href="https://web.archive.org/web/20160505035735/http://www.omniture.com/" title="Web Analytics"><img src="https://web.archive.org/web/20160505035735im_/http://nikkei.d1.sc.omtrdc.net/b/ss/nikkeicojpgrpmstallprod,nikkeicojpdsmstallprod,nikkeicojpnarprod/1/H.9--NS/0" height="1" width="1" border="0" alt=""/> </a></noscript> <!--/DO NOT REMOVE/--> <!-- End SiteCatalyst code version: H.9. --> <!--/SiteCatalyst code--> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//web.archive.org/web/20160505035735/http://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-44606671-1', 'asia.nikkei.com'); // Set custom dimension if(login_flag != "undefined"){ ga('set', 'dimension1', login_flag); } if(authority != "undefined" && authority != ""){ ga('set','dimension2', authority); } if(memberId != "undefined" && memberId !=""){ ga('set','dimension3', memberId); } if( aid != ""){ ga('set','dimension4', aid); } if(viewMode != "undefined"){ ga('set','dimension5', viewMode); } if(contractId != "undefined"){ ga('set','dimension6', contractId); } // Send view ga('send', 'pageview'); // Send event if(NAR_js.isCount == true){ ga('send', 'event', 'Article', 'countUp', 'Article-countUp', NAR_js.user_view_count, {nonInteraction:true}); } if(NAR_js.oneClickFree == true){ ga('send', 'event', 'OneClickFree', 'view', 'OneClickFree-view',{nonInteraction:true} ); } setTimeout("ga('send', 'event', 'unbounce', '15_sec')", 15000); </script> <script> // Twitter api twttr.ready(function (twttr) { twttr.events.bind( 'follow', function (event) { var narURL = window.location.href; ga('send', 'social', { 'socialNetwork': 'Twitter', 'socialAction': 'follow', 'socialTarget': narURL }); ga('send', 'event', 'Twitter', 'follow', 'Twitter-follow',0,{nonInteraction:true}); } ); }); </script> <script type="text/javascript"> /* <![CDATA[ */ var google_conversion_id = 1000997403; var google_custom_params = window.google_tag_params; var google_remarketing_only = true; /* ]]> */ </script> <script type="text/javascript" src="//web.archive.org/web/20160505035735js_/http://www.googleadservices.com/pagead/conversion.js"> </script> <noscript> <div style="display:inline;"> <img height="1" width="1" style="border-style:none;" alt="" src="//web.archive.org/web/20160505035735im_/http://googleads.g.doubleclick.net/pagead/viewthroughconversion/1000997403/?value=0&guid=ON&script=0"/> </div> </noscript> <script type="text/javascript"> window._tfa = window._tfa || []; _tfa.push({notify:"action", name: 'page_view'}); </script> <script src="//web.archive.org/web/20160505035735js_/http://cdn.taboola.com/libtrc/nikkeiasianreview-sc/tfa.js"></script> </div> <script type="text/javascript">_satellite.pageBottom();</script> </body> </html> <!-- FILE ARCHIVED ON 03:57:35 May 05, 2016 AND RETRIEVED FROM THE INTERNET ARCHIVE ON 18:58:49 Nov 24, 2024. JAVASCRIPT APPENDED BY WAYBACK MACHINE, COPYRIGHT INTERNET ARCHIVE. ALL OTHER CONTENT MAY ALSO BE PROTECTED BY COPYRIGHT (17 U.S.C. SECTION 108(a)(3)). --> <!-- playback timings (ms): captures_list: 0.439 exclusion.robots: 0.02 exclusion.robots.policy: 0.013 esindex: 0.009 cdx.remote: 10.865 LoadShardBlock: 217.879 (3) PetaboxLoader3.datanode: 293.723 (4) PetaboxLoader3.resolve: 323.159 (2) load_resource: 411.911 -->