Chinese internet giant Tencent announced that President Martin Lau will step down from its board of directors after the company’s annual general meeting on May 17. His role as president will remain unchanged. Lau said during a news conference that his decision to leave the board is part of Tencent’s effort to make the board more independent from the management team. Currently Lau and Tencent...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
‘A Total Nightmare’: Transfer Delays With New Apple-Goldman Savings Accounts Prompt Complaints
When Kevin Smyth learned in April that Goldman Sachs and Apple were offering a savings account with higher yields than anyone else, he jumped at the chance to shift money that was earning less at another online bank. But within a few weeks, when he had to withdraw a small portion of the funds to pay for a home renovation, everything went awry. A transaction that was supposed to take one to...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.