China is proposing to increase measures to combat monopolies in its payments industry, which could affect major tech giants Ant Group and Tencent that together dominate online transactions in China. The directive comes as Beijing ramps up its antitrust efforts against both companies, which have been allowed to grow relatively unchecked for the past decade. China’s central bank said in a...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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