Application Platform News

Our latest news and commentary on applications, covering closed development platforms, SaaS vendors and related online services.

Platform Industry: Tencent logo at an event

Tencent Music to see softer first quarter; beats fourth-quarter revenue estimates on paying user surge

China’s Tencent Music Entertainment Group said the company would likely see “much softer” first-quarter revenue growth due to the COVID-19 outbreak, after it beat...

Platform News: Social Media Giants, including Facebook, Google and Twitter

Social media giants warn of AI moderation errors as coronavirus empties offices

YouTube, Facebook and Twitter warned on Monday that more videos and other content could be erroneously removed for policy violations, as the companies empty offices and rely on aut...

Platform Industry: ongoing COVID-19 coverage, tracking and tracing

Google coronavirus website opens for two California counties

Google sister company Verily launched a website late on Sunday that invites adults in northern California to answer questions about their recent health and travel that could result...

Platform NewS: China's ByteDance CEO and TikTok apps Founder

Zhang Yiming, founder of ByteDance, gears up for the global stage

The founder of China’s ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival American internet giants ...

Platform Economy: TikTok and US politics

US senators seek to ban federal employees from using TikTok on their phones

Two GOP senators have introduced a bill aimed at banning federal employees from using Chinese social media app TikTok on their government-issued phones, amid growing national secur...

Facebook App

Spyware firm NSO seeks court sanctions against Facebook

Israel’s NSO Group is asking a California judge to sanction Facebook Inc for allegedly failing to abide by international law with regards to its lawsuit against the spyware m...

Platform News: Japan's SoftBank

SoftBank’s founder ends Twitter absence over coronavirus worries

SoftBank founder Masayoshi Son may not be the most prolific Twitter user, but he has ended a three-year absence on the platform to express concern about the coronavirus outbreak, t...

Hong Kong

Hong Kong regulator considers easing strict data storage rules – sources

Hong Kong is considering softening new data storage rules, amid concerns of conflict with confidentiality laws elsewhere as authorities globally look to balance regulatory requirem...

Grindr

Grindr’s owner says to sell social media app for $608 million

The Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that it has agreed to sell Grindr LLC, a popular gay dating app it acquired in 2016, for about $608.5 million.

Platform Industry: Tencent logo at an event

Exclusive: Tencent-backed WeDoctor invites banks to lead $1 billion Hong Kong IPO, sources say

WeDoctor will push ahead with a Hong Kong listing and invite pitches from investments banks next week to lead an IPO valuing the Chinese healthcare platform at up to $10 billion, t...

AGM Online Voting

Online voting at AGMs in demand as coronavirus spreads

Online voting at annual shareholder meetings has jumped since the coronavirus outbreak as investors shun large gatherings because of travel restrictions or fear of infection, Swiss...

Slack

Strong subscription growth drives Slack’s earnings beat; shares rise

Reuters – Slack Technologies Inc beat Wall Street estimates for quarterly revenue and profit as it signed on larger companies to its workplace communication platform, sending...

SalesForce CRM

Salesforce beats analysts estimates

Salesforce.com Inc has beaten Wall Street analysts estimates for quarterly revenue as more companies opted for its SaaS CRM platform. Total revenue for the San Francisco-based comp...

MSFT

Microsoft Teams surpasses 20 million daily active users; rival Slack shares slip

Reuters – Microsoft Corp said on Tuesday its workplace messaging app, Teams, has more than 20 million daily active users, up from 13 million users in July.