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BENGALURU (Reuters) - Facebook will spend US$5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small businesses by capitalising upon WhatsApp's already extensive reach within the country.
PETALING JAYA: The hotel sector, which has been hit hard by the Covid-19 pandemic, is urging the government to regulate home-sharing businesses, such as airbnb, as soon as possible.
PETALING JAYA: Malaysian furniture industry players should prepare themselves for opportunities to export various types of furniture to the United States post-Covid-19.
NEW YORK: Amazon.com Inc sold more groceries than ever before, but warned of steep losses ahead. Traffic surged on Facebook Inc and Google sites, though advertising dried up.
LONDON: Combining O2, the UK’s largest mobile phone operator, with Virgin Media, the nation’s second-largest broadband provider, could reshape the market for consumers as much as the telecommunications industry.
HONG KONG: High demand for video games during Covid-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits, with blockbuster games PlayerUnknown’s Battlegrounds Mobile and Honor of Kings helping it beat forecasts.
MUMBAI: Billionaire Mukesh Ambani has extended his fund-raising streak for Jio Platforms Ltd by selling a US$873mil stake to General Atlantic, an early investor in Airbnb Inc and Uber Technologies Inc.
PETALING JAYA: Global management consulting firm Mckinsey & Co’s survey on Malaysia’s consumer sentiment in April shows 80% of the respondents are more careful about how they spend money and two-thirds (66%) are cutting back on their spending amid the Covid-19 pandemic.
NEW YORK: The more than a century old car rental firm Hertz Global Holdings Inc
SOME changes are taking place in low-profile Malaysian Genomics Resource Centre Bhd (MGRC).