(Japan🇯🇵) Japan's Mitsubishi UFJ Financial Group Inc. is set to inject nearly $706 million in Grab Holdings Inc., the owner of the Singaporean ridesharing app. Among Japanese companies, Toyota Motor Corp. and SoftBank Group Corp. have already invested in Grab.
(Source: Kyodo News)
*South Korea🇰🇷
South Korea's internet-of-things firms saw a record-high revenue of $8.2 billion in 2019, up 16.2% from the prior year.
(Source: The Korea Herald)
*China🇨🇳
Huawei's revenue rose 18% to $121 billion in 2019. The company sold more than 240 million smartphones last year, ranking the 2nd in the global market, following Samsung Electronics.
(Source: Xinhua News Agency)