Billion

Chinese social media app TikTok has just crossed 1.5 billion downloads worldwide, becoming the third most downloaded non-gaming app in 2019. The report comes…

Japan’s SoftBank plans to merge internet unit Yahoo Japan with messaging app operator Line to create a $30 billion tech giant, as it bags struggling internet…

Alibaba Group, the Chinese multinational e-commerce giant, has claimed that its annual Singles’ Day (also known as 11/11 or Double Eleven) shopping sales for…

HONG KONG: Alibaba has extended its investment banking syndicate as it works towards a US$10 billion to US$15 billion listing in Hong Kong at the end of the…

Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter…

The ballooning internet of things (IoT) segment shows no sign of slowing down. According to IDC, 41.6 billion devices including smartphones, smart home…

TikTok (previously known as Douyin in China), launched in September 2016 by ByteDance, is one of the world’s fastest-growing privately owned startups. It…

By 2025, projected annual spend for online shopping in South-east Asia is expected to hit US$120 billion, Facebook and Bain & Company said. You’re at home…

The mobile ecosystem in Pakistan plays an increasingly important role in economic growth, contributing around $16.7 billion, equivalent to 5.4 per cent of GDP,…

Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its…