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Financial Times:
Pavel Lerner, an executive of Bitcoin exchange Exmo who was kidnapped in Ukraine, was released after paying $1M+ ransom in bitcoins, according to a Ukrainian MP   —  An executive of a UK-registered cryptocurrency exchange kidnapped in Ukraine this week has been released after paying a ransom …
Dec 29, 2017, 3:10 PMIn context
Financial Times:
China's central bank announces plans to limit payments via static QR codes to ~$76/person/day; Alipay and Tencent say they approve of the new regulations   —  China's central bank has tightened rules on mobile payments made by scanning a barcode, imposing restrictions that could slow …
Dec 28, 2017, 3:55 PMIn context
Gabriel Wildau / Financial Times:
Pilot program in Guangzhou, one of China's largest cities, allows residents to link their national ID cards to Tencent's WeChat, may roll out nationwide in Jan.   —  One of China's largest cities will allow residents to link their national identity cards to the ubiquitous mobile messaging …
Dec 27, 2017, 5:15 PMIn context
Leslie Hook / Financial Times:
Uber's new COO Barney Harford talks about his plans to make Uber more efficient by reining-in promotions and discounts, reducing ride drop rates   —  Uber's newly appointed chief operating officer, Barney Harford, is planning to reduce costs and “bring a dose of financial discipline” …
Dec 25, 2017, 10:45 AMIn context
Nicholas Megaw / Financial Times:
Long Island Iced Tea Corp, an unprofitable soft drink maker, rebrands as Long Blockchain Corp and pivots to blockchain exploration; shares rise as much as 500%   —  A US securities regulator has warned investors against “potential scams” following a surge in stock prices of hitherto obscure companies …
Dec 21, 2017, 4:00 PMIn context
Louise Lucas / Financial Times:
A look at the investment strategies of Tencent and Alibaba as the Chinese tech giants invest billions abroad and tens of billions at home   —  Teens' top tech addiction.  America's most visionary carmaker.  Sweden's global music streaming service.  —  Chinese internet group Tencent …
Dec 19, 2017, 10:20 AMIn context
Davide Ghiglione / Financial Times:
Italy's tax agency says Amazon to pay €100M to settle outstanding tax claims covering the period between 2011 and 2015   —  Italy's tax agency - known as Agenzia delle Entrate - said it reached an agreement with Amazon to settle outstanding tax claims covering the period between 2011 and 2015.
Dec 15, 2017, 10:45 AMIn context
Mamta Badkar / Financial Times:
Adobe reports Q4 revenue of $2.01B, up 25% YoY, vs. $1.95B expected, net income of $501.5M, Creative Cloud revenue of $1.39B; Q1 revenue of $2.04B expected   —  Adobe Systems said its quarterly revenue grew 25 per cent in its fiscal fourth quarter, but the company's outlook showed its blistering pace of growth is slowing.
Dec 14, 2017, 5:20 PMIn context
Tim Bradshaw / Financial Times:
Apple confirms it will buy Shazam music-recognition app … Apple on Monday confirmed its plan to buy Shazam, the UK-based music-recognition app, in its biggest acquisition since Beats three years ago.  —  “We are thrilled that Shazam and its talented team will be joining Apple,” Apple said on Monday.
Dec 11, 2017, 12:08 PMIn context
Leslie Hook / Financial Times:
Profile of Uber's Chief Brand Officer Bozoma Saint John as she tries to restore the company's tarnished image   —  At a company full of challenging jobs, Bozoma Saint John surely has one of the toughest.  As chief brand officer at Uber, her task is to try to get people to love a business …
Dec 11, 2017, 7:05 AMIn context

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