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Norway awards O&G exploration rights to 30 firms
OSLO: Norway awarded 61 offshore exploration blocks to 30 oil firms in its latest pre-defined areas (APA) licensing round, Energy Minister Tina Bru said on Tuesday.
Music streaming platform Xiami’s demise a reflection on China’s Internet industry
Once a leader, Xiami saw its monthly active users (MAUs) fall to 22.4 million by October 2020, a tiny fraction of the 450 million for Tencent’s three music apps. Founder Wang Hao’s laid back style was reflected in Xiami’s philosophy of focusing on the music first but it may have also contributed to the decline.
What the demise of music streaming platform Xiami says about China’s internet industry
HONG KONG, Jan 15 (SCMP): Xiami Music, the pioneering Chinese music streaming service owned by Alibaba Group Holding (which owns the Post), will close next month after management admitted it missed “crucial opportunities” in the battle with rival Tencent Music.
Private equity firms seize on IPO boom
NEW YORK: Private equity firms are refusing to be left out of the initial public offering (IPO) boom.
Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion
With a user base of 300 million daily live-streaming users, Beijing-based Kuaishou is the world’s second-largest video-sharing appIPO could set the stage for listings by competitors Bilibili, Douyin and iQiyi
Amazon keeps buying pricey jets after promising a drone fleet
Amazon.com Inc is opening warehouses and shipping hubs in the US at the rate of about one every 24 hours. The ultimate aim is to ensure that virtually every product the company sells is a van ride – and eventually a drone flight – away from customers’ homes.
Panasonic Malaysia’s cost-optimisation to augur well
PETALING JAYA: Panasonic Manufacturing Malaysia Bhd’s (PMM) margins are likely to come under pressure in the second quarter of the year on the back of high raw material and operating costs due to stringent standard operating procedures (SOPs).
AmBank pioneers IR4.0 initiative for SMEs
THE Covid-19 pandemic and the subsequent MCOs rendered many manufacturers inoperable, resulting in a staggered closure in their business.
China's experts expect stable money policy to continue
BEIJNG (China Daily/ANN): Macroeconomic observers see China maintaining a moderate and consistent monetary policy this year.
New airline launches in India amid challenging times
NEW DELHI (The Straits Times/ANN): A new Indian airline has launched in a country badly hit by the coronavirus pandemic and at a time of massive challenges for the aviation sector.
