Business

China's Tencent ordered to end exclusive music contracts

Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tightens control over booming online industries.

Business

Facebook says $1 bn to be spent boosting creators

Facebook chief Mark Zuckerberg on Wednesday said that the internet titan will pour $1 billion into programs for creators of popular content at the social network through 2022.

Business

China watchdog launches review of Didi Global days after IPO

China's internet watchdog said Friday that it has launched an investigation into ride-hailing company Didi Global Inc. to protect national security and public interest, days after the company went public in New York.

Business

Drone delivery firm Zipline raises $250 mn for expansion

US-based drone operator Zipline, which has seen pandemic-fueled growth of delivery of vaccines and medical supplies in Africa and the United States, said Wednesday it raised $250 million as it moves to expand globally.

Business

Amazon seeks to build on soaring growth as Bezos hands over

Amazon is changing at the top but stressing continuity after founder Jeff Bezos announced he was handing over the role of chief executive to trusted lieutenant Andy Jassy, capping a spectacular expansion for the 27-year-old ...

Business

WhatsApp adds shopping carts in fresh e-commerce push

WhatsApp on Tuesday added virtual shopping carts people can load with purchases and then use to fire off orders to businesses as the Facebook-owned messaging service pushed deeper into e-commerce.

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