INFBusiness

(Reuters) – China’s Tencent Music Entertainment Group (TME) (TME.N) said on Monday its quarterly revenue leaped 18%, beating Wall Street estimates, as it put more music for streaming behind its paywall and grew its paid subscriber base by more than…

HONG KONG/SHANGHAI (Reuters) – Dungeon and Fighter Mobile, a game that was due to be published by Tencent Holdings on Aug. 12, said its release will be postponed due to upgrades needed for the game’s addiction prevention system. Dungeon and…

(Reuters) – IAC/InterActiveCorp said on Monday sales growth in its homeservices unit slowed last month after jumping in May and June, and warned of extended volatility in monthly results due to the COVID-19 pandemic, sending its shares down 3% aftermarket.…

(Reuters) – IAC/InterActiveCorp reported a 5.5% rise in quarterly revenue on Monday, as more people used its video hosting and homeservice platforms while sheltering at home under coronavirus lockdowns. This was the first quarterly report from IAC, owned by television…

(Reuters) – China’s Tencent Music Entertainment Group (TME.N) beat Wall Street estimates for quarterly revenue on Monday, as a wider content library led to a surge in paid subscribers for the company’s music streaming service. The company has signed multiple…

(Reuters) – A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) from classifying their drivers as independent contractors rather than employees. The ruling by Judge Ethan Schulman…

(Reuters) – Republic Services Inc will partner with Nikola Corp, a maker of hydrogen-fueled vehicles, to develop 2,500

WASHINGTON (Reuters) – The White House on Monday unveiled plans to auction off 100 megahertz of midband spectrum for use starting in mid-2022, part of U.S. efforts to ramp up fifth-generation network coverage. The Federal Communications Commission will be able…

BRUSSELS (Reuters) – Facebook (FB.O) and Microsoft’s (MSFT.O) grievances over how their gaming apps appear on Apple’s (AAPL.O) App Store may feed into an EU investigation into the iPhone maker’s business as EU antitrust regulators said such concerns are on…

MOSCOW (Reuters) – Russian competition watchdog FAS on Monday said that Apple Inc has abused its dominant position in the mobile apps market through its App Store for iOS devices and will issue an order demanding that the company resolve…