ByteDance—the owner of the famous app TikTok, which allows short video clips’ sharing—is planning to compete with Spotify and Apple Music in the near future. A recent report states that ByteDance is planning to undercut present streaming music services and aims to enter into worldwide contracts with music labels. Besides, the report states that the… Continue reading TikTok Owner ByteDance Is All Set To Offer Music Streaming Services
Category: Business
SoftBank To Merge Yahoo Japan With Line And Form $30 Billion Tech Giant
Japan’s SoftBank is planning to partner with Line Corp, a messaging app operator. Reportedly, the firm wants to unite its Internet unit Yahoo Japan with Line Corp and form a huge tech company worth $30 Billion. SoftBank’s key motive in this merger is to acquire struggling Internet firms and strengthen itself against competitors such as… Continue reading SoftBank To Merge Yahoo Japan With Line And Form $30 Billion Tech Giant
Saudi Arabia Plans To Diversify Away From Its Oil Business
Saudi Arabia estimates its giant state oil monopoly to be worth approximately $1.7 Trillion. Recently, Saudi Aramco publically declared that it will be selling around 1.5% of its 200 Billion shares in inequitable privatization for somewhere between 30 Riyals and 32 Riyals each. Aramco is a profitable company and thus, it could be worth 6–6.4… Continue reading Saudi Arabia Plans To Diversify Away From Its Oil Business