The Chinese tech giant Tencent reported robust growth in sales and profits in the pandemic 2020 as lockdowns supported strong increase in demand, Reuters reported. The main profit driving force was linked to Tencent's Timi gaming studio which generated $10 billion in 2020.

The US budget carrier Frontier Airlines announced it was already in the green zone making money and flying more than in 2019 in the period before pandemic grounded the fleets of most airlines, Reuters reported, quoting Chief Executive Barry Biffle ahead of the company’s Nasdaq debut.

KPN NV, the largest Dutch telecommunications company, has filed a patent-infringement complaint against Ericsson in a district court in Texas, the Swedish telecom equipment maker said on Thursday.

Pandemic secured record earnings for industries linked to deliveries. Therefore investors’ interest to companies involved to provision of quick deliveries of food and other consumer goods has been steadily rising. The Spanish delivery app Glovo announced it managed to raise additional 450 million euro to fund expansion of its business, Reuters reported. This is the largest financing round secured by a Spanish start-up.

Verizon Communications Inc, one of the largest U.S. telecom companies, on Thursday signed its first private 5G contract in Europe with Associated British Ports (ABP) to deploy the mobile network at the Port of Southampton.

The leading Taiwanese chip manufacturer TSMC announced plans to invest a massive amount of funds, exceeding $100bn over the next three years to increase its output capacity, BBC reported.

Germany’s leading telecommunications operator Deutsche Telekom confirmed its positive outlook for 2021 ahead of pending annual general meeting where investors are expected to call for a review of its dividend policy in light of last year’s strong results. DT group confirmed that it expected its adjusted core profit to rise to 37 billion euros this year while cash flow would come in at 8 billion euros.

IBM announced it had managed to secure a key tie-up deal with the lucrative German startup Celonis, Reuters reported. Celonis uses software to identify how work moves through an organization and suggests more efficient ways of getting the same work done, also known as process mining. IBM will train 10,000 consultants worldwide on Celonis.

Microsoft won a nearly $22 billion contract to supply US Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday.

The Chinese tech giant announced a new surge of sales and profits in 2020 as domestic market demand was strong enough to offset the influence of imposed sanctions in US, AP reported. However in 2020 sales of phones, network equipment and other technology spiked by 3.8% over 2019 to $135.8 billion, a decline from the previous year’s 19.1% growth. That was due to a 15.4% gain in China, while sales in other markets shrank.