Showdown brewing: With lessons learned in China, a rival is taking on Facebook, Snapchat and YouTube

YY, founded in 2005, is a major Chinese-language social media platform that boasts more than 122 million monthly active users. That’s not yet a world-beating number — for comparison, Facebook’s Instagram reportedly has more than 700 million monthly...

Bank of Japan policy decision incoming: Experts say Japanese inflation goal looks less realistic

The Bank of Japan was expected to lower its inflation forecast in a continued battle with stubbornly weak price growth even as the wider economy is now on firmer footing, economists said ahead of the release of the central bank’s monetary policy statement. The...