TOKYO -- Japan's Hitachi Transport System will spend roughly 12 billion yen ($108 million) to build four logistics centers in India, which has become a strategic market for international shipping.

The company looks to open the sites in Chennai and Mumbai next year, followed by centers in Delhi and Bangalore in 2025 or 2026. Construction has begun in Chennai and Mumbai, with total floor space covering 40,000 to 50,000 sq

TOKYO -- As China's clampdown on cryptocurrency drives miners out of a country that had dominated the industry, the U.S. state of Texas is emerging as a destination of choice thanks to cheap electricity and a more welcoming environment.

Despite its abundance of fossil fuels and wind power, however, the state is struggling with its own power supply issues.

Shenzhen-based BIT Mining plans to invest $26 million in a 57-megawatt data center to be built in Texas. It would join Bitmain

GUANGZHOU -- Chinese self-driving startup WeRide has raised more than $600 million over the last five months, with an alliance between Nissan Motor, Renault and Mitsubishi Motors contributing to the infusion, according to a Wednesday announcement.

"With the continued support of Nissan, we will accelerate the commercial use of our driverless Robotaxis in China," company CEO Tony Han said in a statement.

The latest fundraising round, which also included investors like the state-run China Structural Reform Fund, raised the company'

SHANGHAI -- The owners of Suning.com plan to sell more shares held in the debt-ridden Chinese retail group, it was announced Wednesday, a sale that puts founder and Chairman Zhang Jindong's control over the company into question.

Zhang and entities under his control will sell a portion of their shares in Suning. The buyers and the percentage stake involved have not been disclosed.

This move comes after Zhang and other shareholders decided in March to sell a 23% stake in Suning to a group of state

Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He is the 2014 recipient of the Vaughn-Ueda International Journalist prize for international reporting.

TOKYO -- Celebrating Father's Day on the third Sunday of June has taken hold in China. Although the Chinese Communist Party increasingly eschews customs that originated in the West, Father's Day and Mother's Day seem to be exceptions.

TOKYO -- Chinese automaker BYD is fortifying after-sales services in Japan to sell more electric buses, deeming the market ripe for widespread adoption of electricity-powered vehicles.

Local unit BYD Japan, which has sold more than 50 electric buses in the country, is set to increase marketing for transportation companies and seeks to lift the sales tally to about 4,000 by 2030.

"EV buses are set to enter the phase of popularization" in Japan, said Shinsaku Hanada, executive vice

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

The go-to move for investors in times of trouble is a mental time-travel exercise.

First, decide which past market reckoning best connects to what is about to happen. Next, reminisce and rummage around for lessons. Then, use those insights from 1929, 1987, 1997, 2000,

BRUSSELS -- Mounting digital security threats from China, Russia and elsewhere have driven the European Union to devise a Joint Cyber Unit, intended for launch by 2022, to coordinate a response to attacks anywhere in the bloc.

EU members currently respond to cyberthreats individually, barring small-scale partnerships in areas such as protecting 5G infrastructure. But with attacks growing in both frequency and sophistication, the bloc aims to bolster cybersecurity -- including in its most vulnerable members.

Under a detailed plan outlined by the European

TAIPEI -- King Yuan Electronics Co., the first Taiwanese tech company to report a cluster of COVID-19 infections, is struggling to relocate hundreds of migrant workers to new housing in line with government requirements for improving its coronavirus prevention measures.

The chip testing company, better known as KYEC, was ordered to reduce the number of migrant workers sharing a dormitory room after hundreds of cases of coronavirus were linked to company earlier this month. Failure to do so means the company -- a key supplier to Intel,