Exclusive: TikTok owner ByteDance’s H1 revenue better than expected at over $7 billion – sources
China’s ByteDance, owner of video-sharing app TikTok and one of the world’s most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4...
Black hole rips apart doomed star in ‘rare’ event
Scientists have captured a view of a colossal black hole violently ripping apart a doomed star, illustrating a extraordinary and chaotic cosmic event from beginning...
Match Group gets DOJ subpoena for documents relating to FTC complaint
Match Group Inc said on Friday it had received a subpoena from the U.S. Department of Justice for documents relating to certain marketing-related claims in...
Billionaire Slim’s telco bullish on coveted Mexico TV license
America Movil, the telecoms giant controlled by the family of billionaire Carlos Slim, is growing increasingly bullish that it will receive a license to offer...
Launch of Facebook’s Libra could be delayed over regulatory concerns: executive
The launch of Facebook’s Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the...
EU ready to act alone on digital tax if no global deal in 2020
European Union commissioners-designate said the bloc should agree on a digital tax if no deal on the matter was reached at a global level by...
Libra coin group in talks with EU regulators, executive tells Reuters
The Libra Association, due to launch and manage the Facebook-led Libra cryptocurrency, is talking to European Union regulators after opposition from Germany and France, its...
Russia’s Yandex launches video service aimed at rivaling YouTube
Russian internet giant Yandex is launching a video streaming service aimed at rivaling Google’s YouTube that will allow users to publish videos on its personal...
HSBC flips crime-spotting tool to scope new business
British bank HSBC has converted a financial crime-spotting algorithm it was forced to build in the wake of a money-laundering scandal into one that can...
Apple will seek theater deals for movies before streaming: WSJ
Apple Inc plans to take a different path to streaming rival Netflix and allow theatrical releases for some of the feature-length films it has begun...