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How Tencent’s WeChat Poses Creeping Threat to Apple

Three years ago, Tencent’s top executives flew to Cupertino, California, for a meeting with Apple CEO Tim Cook. Their mission: mollify Apple executives worried that a new feature in Tencent’s WeChat, China’s top social-networking app, could upend the multibillion-dollar app ecosystem. 

The feature, called mini programs, would allow users to play casual games, hail taxis and make purchases without ever leaving the WeChat app. Instead, users would access a mini program from within WeChat, similar to opening a website in a browser, without needing to download another app. Soon after, Apple began delaying software updates to WeChat on iPhones, creating tensions between the two companies. 

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Venture Capital Firms Pushed to Take Historically Black Colleges as LPs

A group of Black venture capital managers is pressing Silicon Valley’s largest firms to commit to including historically Black colleges and universities among their limited partners, the institutions and individuals that provide capital to VC funds and reap the returns. 

Lo Toney, who spun out Plexo Capital from Alphabet’s investing arm GV, is leading the effort to get more VC ...

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