Facebook last week launched a new e-commerce service, primarily aimed at smaller businesses and brands (SMEs), which allows them to sell directly from the Facebook platform.

Apple posted quarterly revenues of $58.3bn  – increasing sales 1% year-on-year despite Covid-19’s impact on consumer spending but its advertising business has taken a hit as companies pause search spend on platforms such as the App Store.

Google's parent company Alphabet Inc has announced its first-quarter results, stating that performance was in line with expectations until March when ad revenues slowed down.

NBCUniversal Media,(NBCU) has obtained more than $1bn national advertising commitments for the 2020 Olympics and expects to surpass the $1.2bn in national ad revenue it earned from the prior summer games.

Malaysian low-cost airline, AirAsia and American global music corporation, Universal Music Group (UMG) have partnered to form a new label signing, developing and breaking new Asian artists.