Techmeme
August 1, 2016, 10:25 AM

Top News

Eric Newcomer / Bloomberg:
Didi Chuxing acquires Uber China; Uber China investors get a 20% stake of the combined business, which sources say has a $35B valuation  —  Uber Technologies Inc. will merge its China business with Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter.
Didi Chuxing:
Didi Chuxing to acquire UberChina  —  Combined resources to promote healthy development of the rideshare industry  —  Didi Chuxing today announced a strategic agreement with Uber under which Didi Chuxing will acquire all assets of UberChina—including its brand,business operations and data—for operation within mainland China.
Leslie Hook / Financial Times:
Source: Uber to invest $500M into its own global mapping project  —  Uber is preparing to pour $500m into an ambitious global mapping project as it seeks to wean itself off dependence on Google Maps and pave the way for driverless cars.  —  The San Francisco-based transportation company …
Sam Byford / The Verge:
How LeEco differentiates itself from other Chinese manufacturers like Xiaomi through its focus on entertainment media, drawing from its streaming video origins  —  Chinese tech firm LeEco made its biggest splash on American soil yet yesterday with the announcement that it's acquiring Vizio, the biggest US maker of TVs, for $2 billion.
Jeffrey Rodman / Backchannel:
Polycom's co-founder Jeffrey Rodman recounts the early days of his $2B company  —  Polycom's co-founder on the best investment he ever made, and why thinking small is a big idea … was March of 1991 and Polycom co-founder Brian Hinman and I were on yet another urgent trip to buy components.
Tweets: @backchnnl
Fred Wilson / AVC:
Blockchain technology and crypto-tokens enable new business models for creating open protocols, financed by the tokens protocol creators retain at launch  —  Protocols are a geeky topic.  It's way more interesting to talk about applications.  People will go on and on about why they like gmail or some other email application.
Michael Andronico / Tom's Guide:
Axon 7 review: ZTE's best phone to date with good build quality, fast performance, and a useful and clean MiFavor 4.0 UI, but OnePlus 3 offers more for $399  —  The term “affordable flagship” is inescapable these days, thanks to a crop of low-cost unlocked devices that can hold their own among the iPhones and Galaxies of the world.
Sean Michael Kerner / eWeek:
Google has issued patches for 115 Android Stagefright-related flaws since vulnerability was made public a year ago  —  On July 27, 2015, news broke about Stagefright, a vulnerability in Android.  A year later, it's clear that Stagefright has had a major impact on the mobile security world …

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