Latest Platform News

Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.

London

Finance’s final frontier? British watchdog probes data sharing

LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings,...

Platform Industry: Japan and Japanese culture

Japan to tighten screws on tech giants to ensure transparency

TOKYO (Reuters) – Japan will tighten regulations to prevent technology giants including Facebook Inc and Google from abusing their market power and having unfair advantage ov...

China

Feature or bug? Translation key on China’s WeChat takes jabs at other country’s flags

SHANGHAI (Reuters) – Chinese social media giant Tencent Holdings Ltd said on Tuesday that it will fix a “translation bug” on its chat app WeChat that sends out di...

Platform News: Huawei Technologies

Telefonica to drastically reduce Huawei kit for its 5G network

MADRID (Reuters) – Spain’s Telefonica plans to drastically reduce the amount of equipment it buys from Chinese tech giant Huawei for the core of its next-generation mob...

Platform Economy: e-commerce shopping from a retail website

Swedish FinTech company Klarna to enter Australia and other markets next year

BERLIN (Reuters) – Swedish financial technology company Klarna plans to launch in Australia and other markets in 2020 after a strong start for its ‘buy now, pay later&#...

Platform Industry: Netflix streaming service

Netflix’s Asia-Pacific business delivers biggest gains over the past three years

Reuters – The streaming giant Netflix is accelerating its growth overseas, with its Asia-Pacific business unit recording the biggest membership and revenue gains among all re...

Airbnb

EU court to rule to rule on how to classify Airbnb

BRUSSELS (Reuters) – Is it an online booking service? Or a real estate agent? The popular US home-sharing site Airbnb will on the 19th December know how it should be labelled...

Platform News: Twitch app

Russia blocks Premier League broadcasts by Amazon’s Twitch

MOSCOW (Reuters) – A court in Russia has blocked access to English Premier League game broadcasts by Amazon’s Twitch after Russia’s Rambler Media Group said it wo...

Platform News: Intel logo on a retail window in the US

Intel buys AI startup Habana Labs for $2 billion

JERUSALEM (Reuters) – Intel Corp has bought the Israeli artificial intelligence business Habana Labs for about $2 billion, the chip-maker has said, as it seeks to expand its ...

Platform News: Amazon building

German trade union calls for pre-Christmas Amazon strike

BERLIN (Reuters) – The German trade union Vereinte Dienstleistungsgewerkschaft, often shortened to ‘Verdi’ has called for workers at a key Amazon logistics centre...

Facebook App

Facebook, privacy activist Schrems battle nears an end

It has taken some seven years, but the battle between the Austrian privacy activist and Facebook seems to be nearing an end, when on the 17th of this month an adviser to EuropeR...

Platform News: Lyft ride-hailing app is part of the sharing economy

Lyft expands rental car program in San Francisco Bay Area and Los Angeles

Reuters – Lyft Inc has said that it is offering rental cars to a wider group of users across the San Francisco bay area and Los Angeles. The company first introduced a rental...

Smartphone Apps News: ByteDance and TikTok

Google and Apple asked if apps like TikTok must disclose foreign ties

WASHINGTON (Reuters) – The Chairperson of a US congressional panel wrote to Alphabet’s Google and to Apple on Friday to ask what if any disclosures mobile apps are requ...

ByteDance sign

ByteDance unit establishes venture with Chinese state media firm

SHANGHAI/BEIJING (Reuters) – A business unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group, offic...