A survey done by AsiaHedge showed that Asian hedge funds were able to add assets of nearly $20 billion in 2013, representing a strong performance after three years, Reuters reported.
Japan
Tadano completes acquisition of distributor Cranes UK
Takamatsu-shi, Japan-based cranes and aerial work platforms manufacturer Tadano Ltd completed its acquisition of its Yorkshire, UK-based distributor Cranes UK for an undisclosed amount to continue its market expansion.
Sources say Mt. Gox employees confronted CEO about finances two years before seeking bankruptcy
Three people told Reuters that employees already approached Chief Executive Officer Mark Karpeles in 2012 about how the bitcoin exchange was protecting the money of its clients.
Tokyo District Court extends deadline for Mt. Gox investigation
The Tokyo District Court has extended the deadline of the investigation on the reason behind the failure of Tokyo-based Mt. Gox to May 9, Reuters reported.
Yahoo Japan to take telco eAccess from Softbank in $3.2B deal
Search giant Yahoo Japan is set to take Japan-based telco eAccess from Internet firm Softbank in a deal valued at $3.2 billion (JPY324 billion) to beef up its e-commerce and advertising businesses.
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Sony unveiled a prototype hardware for the virtual reality headset it is working on for the PlayStation 4 which it calls "Project Morpheus," TechCrunch reported.
SoftBank Corp has made substantial gains on the investments it has made, prompting rivals and other Japanese firms to also invest in Japanese startups, Bloomberg reported.
Mt. Gox has brought back its login screen so that users can check their Bitcoin balances. However, it's still not certain when the digital currency platform will allow users to access their digital money, TechCrunch reported.
According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.
Japan-based Transcosmos Inc led the $10 million funding round for Singapore-based online beauty products platform Luxola Pte Ltd, a statement about the investment said.
After the collapse of Bitcoin exchange, the government of Japan decided not to regulate Bitcoin transactions because they do not consider it a currency, but a commodity that will be subject to sales tax.
Goxcoin is the proposal that Humint and the Mastercoin Foundation have proposed that could potentially help Mt. Gox recover the bitcoins lost on its platform, TechCrunch reported.
Japan will be setting out rules this week on how it would treat bitcoin under its existing rules. This is seen as the country's first step in dealing with the digital currency after the closure of Mt. Gox, Reuters reported.
Biogen Idec, a biotech firm based in Cambridge, Massachusetts, has bought the rights of two experimental therapies for Alzheimer's from Tokyo-based Eisai Co, Bloomberg reported.
