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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.
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.
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.
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.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.
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).
THE Covid-19 pandemic and the subsequent MCOs rendered many manufacturers inoperable, resulting in a staggered closure in their business.
BEIJNG (China Daily/ANN): Macroeconomic observers see China maintaining a moderate and consistent monetary policy this year.
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.