SEOUL -- Shares in South Korean game developer Krafton plunged on Tuesday, marking a disappointing market debut for the developer of worldwide hit "PlayerUnknown's Battlegrounds," or PUBG.

Krafton's stock declined 9.9% at the open from its initial public offering price of 498,000 won ($434) per share. It dropped to as low as 400,500 won but later rebounded to as high as 480,000 won

HONG KONG -- Cloud Village, the prime streaming rival to Tencent Music Entertainment, has become the first Hong Kong IPO aspirant to be caught in China's technology sector crackdown.

The unit of Chinese gaming company NetEase, whose initial public offering application gained approval from the Hong Kong Stock Exchange's listing committee last month, has decided to delay its sale of up to $1 billion in stock after encountering tepid feedback in preliminary meetings with investors last week, two people familiar with the transaction said.

They said that

ISTANBUL -- Turkey's largest e-commerce company, Trendyol, said on Monday it has agreed to raise $1.5 billion in fresh funding from global institutional investors, including SoftBank Vision Fund 2 and General Atlantic, driving up the Alibaba Group unit's valuation to $16.5 billion.

In a statement Trendyol said that the funding makes the online marketplace operator Turkey's first decacorn -- an unlisted company valued at more than $10 billion.

The statement also said that the investment

TOKYO -- Asia will face stronger monsoons and flooding in the coming decades as global temperatures continue to rise, even under the best scenario for greenhouse gas emissions, a United Nations climate panel said Monday.

Average global temperatures are on track to warm by 1.5 C within 20 years, a decade sooner than predicted in 2018, according to the report from the Intergovernmental Panel on Climate Change. Under these conditions, "heavy precipitation and associated flooding are projected to intensify and be more frequent in most

BEIJING -- Volvo Car owner Geely will team up with the Renault group on hybrid vehicles in China and South Korea, in the latest European alliance for the largest private-sector Chinese automaker in the world's biggest auto market.

Zhejiang Geely Holding Group is expected to take a majority stake in a new joint venture under a memorandum of understanding announced Monday.

For Renault, the deal marks a renewed push into China. Geely is expected to provide hybrid technology for production at its own group factories, allowing its French partner

TOKYO -- With the Summer Olympics over, the National Stadium and other taxpayer-funded venues put up for the Games face the challenge of breaking even and not becoming financial burdens.

The largest is the rebuilt National Stadium, which hosted the opening and closing ceremonies as well as track and field events. The 156.9 billion yen ($1.4 billion) stadium can hold 68,000 spectators. Maintenance costs $22 million a year, and operating rights are expected to be

BOSTON, U.S. -- At a secret gathering at Camp David in the summer of 1971, U.S. President Richard Nixon and his top economic advisers made the historic decision to suspend the dollar's convertibility into gold, unilaterally changing the global monetary system.

Fifty years after the event dubbed the "Nixon shock," the U.S. dollar still retains its status as the world's key currency. But will this last for the foreseeable future?

Nikkei sat down with

Nick Clegg is Facebook's vice-president for global affairs.

The global internet is at a defining moment. Policymakers and regulators across Asia and around the world are writing rules that will shape our relationship with the internet for decades to come. Laws are being proposed governing everything from privacy and content, to how data is held, shared and used at scale.

This is a good thing -- regulation is overdue. For too long, many of these important issues have been left to private companies to deal with alone

TOKYO -- Japanese athletes' success at their home Olympics marks a wider tilt of the Games toward Asia as the region plays host more often and notches record medal hauls.

The Tokyo jamboree formed the second part of a symbolic trilogy of East Asian events, as Asia's market power vies with U.S. broadcaster demands for time zones compatible with American viewing habits.

Japan's stint as host nation in the summer Olympiad that concluded on Sunday came after Pyeongchang in South Korea held the winter Games in 20