China’s government is preparing a substantial fine for social network and videogame giant Tencent as part of its antitrust crackdown on tech companies, Reuters reported. The penalty is expected to amount to at least 10 billion yuan ($1.54 billion), the report said. The penalty would be for Tencent’s failure to seek approval for its past acquisitions and investments, as well as some...
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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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