Digital

Consumer spending touched $2.3 bn on TikTok in 2021

Global consumer spending in TikTok touched approximately $2.3 billion last year, which includes the iOS version of its Chinese localisation Douyin. This figure represents 77...

Meta faces $3.1 bn lawsuit in UK over exploiting users’ data

Meta (formerly Facebook) is facing a $3.1 billion class-action lawsuit in the UK over allegedly abusing its market dominance and if the lawsuit succeeds...

Spending on mobile apps reached $170 billion

The global consumer spending on mobile apps across iOS, Google Play and third-party Android app stores in China reached $170 billion in 2021. People downloaded...

Google selects 20 startups for accelerator program in India

Google announced the sixth batch of the Google for Startups Accelerator (GFSA) India -- with 20 startups -- to help them focus on their...

Apple paid record $60 bn to App Store developers in 2021

Developers selling digital goods and services on Apple App Store have earned more than $260 billion since the App Store launched in 2008 and...

Apple will allow alternative payment systems in South Korea

Apple said it will allow alternative payment systems in South Korea in compliance with a local law that bans app store operators from forcing...

App downloads grew 2.7% to 36 bn lifted by shopping, finance, entertainment

The growth in worldwide app downloads was 2.7 percent to reach 36.1 billion in the fourth quarter of 2021. The mobile app space is still...

Take-Two to buy FarmVille maker Zynga for $11 bn in largest gaming deal

Grand Theft Auto video game maker Take-Two Interactive would buy Zynga for $11.04 billion in a cash-and-stock deal that will add popular mobile titles such...