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April 29, 2016

Nintendo misses profit forecast; Red Rock Resorts raises $531 million in IPO; and Bouygues CEO to unveil succession plan

Nintendo misses profit forecast

Japanese video game maker Nintendo, owned by the sixth generation of the Yamauchi family, report net profit fell 60.6% in 2015 to ¥16.51 billion ($139.5 million), as consumers reined in spending ahead of its new console launch.

The Kyoto-based videogame maker added that its digital sales netted ¥44 billion in the same period, which is up from ¥31 billion, highlighting to investors that last year’s move into the smartphone gaming market is likely to prove fruitful.

July 16, 2015

Indonesia’s Lippo Group partners on world’s biggest data centre; Holcim and Lafarge launch combined company; and Nintendo’s first non-family CEO dies

Indonesia’s Lippo Group partners on world’s biggest data centre

Indonesian real estate company Lippo Group, owned by the Riady family, has partnered with Japan’s Mitsui & Co to build what could be the world’s largest data centre, according to the Jakarta Globe.

Located in Indonesia's Cikarang district, the data centre will consist of three buildings with a total floor space of 40,000 square meters and will capitalise on the growing demand for data centres in Indonesia.

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