logo
Japan's Kao ramps up Asia makeup push as China, South Korea brands rise

Japan's Kao ramps up Asia makeup push as China, South Korea brands rise

Nikkei Asia2 days ago

TOKYO -- Japan's Kao is making a renewed marketing push for cosmetics brand Kate across Asia, quintupling promotional expenses there and underlining its Japanese identity on social media to try to fend off rapidly rising Chinese and South Korean competitors.
The health and beauty company announced a new overseas strategy for low-priced brand Kate on Wednesday that focuses on becoming a leading Tokyo-based brand in Asia and spreading a worldview that expresses individuality.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Record 50 Japanese firms hit with activist shareholder proposals
Record 50 Japanese firms hit with activist shareholder proposals

Nikkei Asia

timean hour ago

  • Nikkei Asia

Record 50 Japanese firms hit with activist shareholder proposals

TOKYO -- Activist investors have targeted at least 50 Japanese companies with shareholder proposals so far in 2025, a record high for this point in the year, amid a wider push for corporate reforms. Mitsubishi UFJ Trust and Banking compiled this tally from convocation notices issued by companies that close their fiscal years in March. The number of activist proposals increased by four from last year, according to the notices received through Friday.

Japan's SBI invests $50m in US stablecoin issuer Circle
Japan's SBI invests $50m in US stablecoin issuer Circle

Nikkei Asia

timean hour ago

  • Nikkei Asia

Japan's SBI invests $50m in US stablecoin issuer Circle

TOKYO -- Japanese financial services group SBI Holdings is investing around $50 million in Circle Internet Group, issuer of the dollar-backed USDC stablecoin, in hopes of helping the virtual currency find a wider audience in Japan. On Friday U.S. time, SBI will buy about 5% of the 34 million shares Circle issued in an initial public offering, acquiring a roughly 0.7% overall stake in the company. Circle shares debut on the New York Stock Exchange on Thursday.

Xi, Trump agree to new round of Sino-U.S. trade talks
Xi, Trump agree to new round of Sino-U.S. trade talks

Kyodo News

time3 hours ago

  • Kyodo News

Xi, Trump agree to new round of Sino-U.S. trade talks

KYODO NEWS - 22 hours ago - 02:15 | World, All Chinese President Xi Jinping and U.S. President Donald Trump agreed during their teleconference Thursday that the two countries will hold a new round of trade talks as soon as possible, the Chinese Foreign Ministry said. Trump said in a social media post, "Our respective teams will be meeting shortly at a location to be determined." He also told reporters at the White House that he and Xi "straightened out" some points mainly involving rare earths. The U.S. president added in his post that the call, which lasted about 90 minutes and focused almost entirely on trade, led to a "very positive conclusion" for both sides. The first confirmed conversation between the two leaders since the U.S. president took office in January for a nonconsecutive second term came amid renewed bilateral trade tensions over alleged violations of a tariff accord struck in Geneva in mid-May. Xi said the Geneva agreement proved that "dialogue and cooperation is the only right choice" for China and the United States. He urged Washington to "remove the negative measures" taken against Beijing, according to the Chinese ministry. The world's two largest economies agreed on a 90-day truce in their trade war in the Swiss city to de-escalate tensions, with the two countries committed to backing away from their respective triple-digit tariffs. But the United States has expressed frustration over China's slow progress toward removing export controls on critical rare-earth minerals used in high-tech products as part of the Geneva accord. Trump sounded optimistic about the minerals in his post, saying, "There should no longer be any questions respecting the complexity of Rare Earth products." Xi stressed that China has been "seriously and earnestly executing the agreement" and called on the U.S. side to "acknowledge the progress already made," according to the ministry. Earlier this week, China's Commerce Ministry said Trump's accusation that China has violated the trade accord was "groundless" and "grossly distorts the facts." The ministry also criticized the Trump administration for introducing "discriminatory measures" against China, including issuing guidance on export controls of artificial intelligence chips and revoking visas for Chinese students studying in the United States. The Chinese Foreign Ministry quoted Trump as telling Xi that the United States "loves to have Chinese students coming to study in America." Xi welcomed Trump to visit China again, for which the U.S. president expressed heartfelt appreciation, it added. As for Taiwan, a self-ruled democratic island claimed by the mainland, Xi urged Washington to handle the issue "with prudence" so that separatist forces seeking the territory's independence "will not be able to drag China and America into the dangerous terrain of confrontation and even conflict." Xi and Trump last held telephone talks on Jan. 17, shortly before the U.S. president's inauguration. Related coverage: Pentagon chief urges Asian allies to invest in defense to deter China Rubio says U.S. to "aggressively" revoke visas of Chinese students

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store