Re/code Daily - Things Sound Especially Hairy For Uber In China - Jan 12, 2016

Read Now  • Yesterday, Uber announced a round of financing that valued its China division, Uber China, at $7 billion. The Information reports that while Uber's global business is healthy, it struggled mightily to raise the money for its China operation because of product struggles, Didi Kuaidi's dominance, political problems and other major issues. [Amir Efrati | The Information] • Gas is incredibly cheap right now, putting a third of U.S. oil producers on the brink of bankruptcy. Still, automakers are plowing ahead with plans to build electric cars, under pressure from federal regulations and competition from the tech industry. [Bill Vlasic | The New York Times] • In the next few weeks, Amazon is going to unveil a cheaper, smaller version of its AI-powered smart assistant speaker, Echo. The new device is called Fox, and it is supposed to be able to fit in the palm of one's hand. [Greg Bensinger | The Wall Street Journal] • Activist investor Carl Icahn is reportedly buying up shares of Time Warner, whose shares have fallen more than 30 percent since July. Though it wouldn't make a lot of sense for him to try and disentangle HBO from Time Warner today, Icahn last tried to break up the company in 2006. Maybe its Turner business could be spun off. [Mike Stone and Michael Flaherty | Reuters] • Grindr, the dating app for gay men, has sold a majority stake to the Chinese gaming company Beijing Kunlun in a deal that values Grindr at $155 million. Between 2013 and 2014, Grindr's revenue increased by 29 percent to $32 million. [Mike Isaac | The New York Times]  Top Stories from Re/code  Media Digital Display Ads to Overtake Search, Bringing a Reckoning for Google By Mark Bergen Winter is coming for search. Mobile No, Apple Is Not Working to Make It Easier to Switch From iPhone to Android By Ina Fried The company denies a report it is building a tool to take photos, music and contacts over to Android. Enterprise Slack Hires New Execs From Facebook and Palantir By Arik Hesseldahl The new hires will be in charge of security and tech infrastructure. Transportation Renault-Nissan CEO Keeps Tech Partnership Options Open (Q&A) By Ina Fried "We are trying not to make decisions too fast," CEO Carlos Ghosn said in an interview. Enterprise How Oracle Is Helping Retailers Sell More Stuff (Q&A) By Arik Hesseldahl Blurring the lines between buying in the store and buying online. Media Old Media Problems Foil New Media Money: Chris Hughes Gives Up on the New Republic (Video) By Peter Kafka Let's time travel to 2013, when things looked more optimistic.  This Is Cool  El Chapo Sounds Like the Thirstiest Drug Lord Ever Before Sean Penn, there was Patrick Redden Keefe, the New Yorker journalist who in 2014 penned an epically reported article about El Chapo and his Sinaloa drug cartel. Keefe now writes that a rep for El Chapo then reached out to Keefe about a memoir collaboration, and adds some much needed context to his recent recapturing. Read more Re/code Daily here! Your friends can also receive Re/code Daily! They can sign-up for FREE here. For Reprints and Permissions, click here. |  News  |  Podcasts  |  Events  | Follow Us: You are receiving this email because you subscribed to Re/code Daily. If you would like to unsubscribe, click here. Mailing Address: Re/code – PO Box 1830, Morgan Hill, CA 95038 Copyright © 2015 Vox Media, Inc.

 

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