Una's Feed
Jun 11, 2015
via Breakingviews

Hardball Samsung move sets up chaebol reform test

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Samsung’s underhand share dealings will test how much South Korea really wants to rein in its chaebols. Construction firm Samsung C&T has sold a 6 percent stake to a friendly party in an attempt to neutralise opposition to its controversial $10 billion takeover by the South Korean conglomerate’s holding company. The maneouvre helps Samsung’s ruling Lee family plan its succession at the expense of independent shareholders. Official reaction will be a test of South Korea’s reform credentials.

Jun 4, 2015
via Breakingviews

SoftBank’s $1 bln Korean deal needs to travel well

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

SoftBank may need to export its expertise to justify its $1 billion investment in South Korea. The Japanese conglomerate has added a stake in a fast-growing internet retailer to its growing portfolio. It is a big bet for a relatively small market, but Coupang appears to be ahead of global rivals when it comes to shopping on smartphones.

Jun 3, 2015
via Breakingviews

Focus Media sets tone for China’s shifting market

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Focus Media’s homecoming shows how much foreign markets have lost their appeal for Chinese companies. The Shanghai-based display advertising firm is returning to its domestic market through a backdoor listing eight years after it first listed overseas. The acquisition by Jiangsu Hongda New Material values it at $7.4 billion, twice what private equity firms and Focus’s own chairman paid to take it private two years ago. For those with a taste for financial engineering, this is a model that could be copied.

May 19, 2015
via Breakingviews

SoftBank lives up to its name with Indian startup

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Founders don’t always make the best leaders. That is the painful public lesson that SoftBank is learning at Housing.com. The Japanese group is struggling to rein in the 26-year old chief executive of the property listings website it invested in last December. Though SoftBank may value a reputation for being founder-friendly, being seen as a weak investor is worse.

May 19, 2015
via Breakingviews

SoftBank lives up to its name with Indian startup

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Founders don’t always make the best leaders. That is the painful public lesson that SoftBank is learning at Housing.com. The Japanese group is struggling to rein in the 26-year old chief executive of the property listings website it invested in last December. Though SoftBank may value a reputation for being founder-friendly, being seen as a weak investor is worse.

May 14, 2015
via Breakingviews

India online retail hierarchy looks far from fixed

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

India’s e-commerce hierarchy looks far from fixed. The exponential growth of smartphone users is rapidly changing shopping habits in the nation of 1.2 billion people. Investors have poured in hoping to pick the next Amazon or Alibaba. The opportunity is huge but low barriers to entry mean it is easy for wannabes to crash the party.

May 14, 2015
via Breakingviews

India online retail hierarchy looks far from fixed

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

India’s e-commerce hierarchy looks far from fixed. The exponential growth of smartphone users is rapidly changing shopping habits in the nation of 1.2 billion people. Investors have poured in hoping to pick the next Amazon or Alibaba. The opportunity is huge but low barriers to entry mean it is easy for wannabes to crash the party.

May 12, 2015
via Breakingviews

SoftBank’s next boss more symbol than succession

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

SoftBank chairman Masayoshi Son has named an heir apparent. Though since he has no plans to retire, it’s not obvious that much change is in store for the Japanese tech conglomerate. Declaring ex-Google executive Nikesh Arora as Son’s likely successor looks more like a symbol than a move towards succession.

May 12, 2015
via Breakingviews

SoftBank’s next boss more symbol than succession

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

SoftBank chairman Masayoshi Son has named an heir apparent. Though since he has no plans to retire, it’s not obvious that much change is in store for the Japanese tech conglomerate. Declaring ex-Google executive Nikesh Arora as Son’s likely successor looks more like a symbol than a move towards succession.

May 5, 2015

Indian retail union is marriage of convenience

(The author is a Reuters Breakingviews columnist. The opinions
expressed are her own.)

By Una Galani

HONG KONG, May 5 (Reuters Breakingviews) – India’s retail
merger is a marriage of convenience. After parting ways with
Wal-Mart, billionaire Sunil Mittal is folding his Bharti
group’s Easyday operations into the Biyani family’s larger
Future Retail. The former gets a partner with scale
while the latter improves its footprint in the north of India
while further reducing its hefty debt load.

    • About Una

      "Una Galani is Asia Corporate Finance Columnist of Reuters Breakingviews, based in Hong Kong. She spent three years in Dubai covering the region’s economies in the immediate aftermath of the Arab Spring. Previously, Una wrote on capital markets, mergers and acquisitions, and telecoms across Europe from London. She was commended in the category of Young Financial Journalist at the Harold Wincott Awards for 2009 after joining Breakingviews in 2006. Una read English Literature at Oxford. Follow Una on Twitter @ugalani"
    • Follow Una