On Topic: Tech news to know now

Here’s what’s going on in tech on Thursday …

— Chinese electronics giant LeEco has plans to take on Tesla with a new $1.8 billion car manufacturing facility it will build in Hangzhou, China. The goal is to produce 400,000 cars a year.

— Arianna Huffington is leaving the HuffPo for a new “wellness media” startup called Thrive Global. Regardless of one’s thoughts on HuffPo, the website and Huffington had an impact on how news is reported today.

— Google Ventures founder and leader Bill Maris is said to be leaving the firm. Google Ventures had about $2.4 billion under management in 2015.
— A study from Rand Europe says the U.S. was the No. 1 market for buying illegal drugs online earlier this year. The U.K. is tops in Europe.
— No iPhone 7 yet? No problem! One of Apple’s biggest wholesalers, in China, is said to already be taking pre-orders for the smartphone. Apple is reportedly planning an event in early September to unveil the next model of the iPhone.
— President Barack Obama reads 10 letters from American citizens every night. And yours could be one, if you contact the president via the White House’s new Facebook Messenger bot.
— Chinese e-commerce giant Alibaba reported record quarterly growth, with revenue from mobile source surpassing desktop revenue for the first time.
— Is Pokémon Go passé, already? This No Man’s Sky game has become so big, so quickly, that 10 million virtual “species” were found in one night.
— Federal regulators have dealt a big blow to cities trying to compete with big internet service providers.
Photo: LeEco Global Head of Corporate Finance and Development Winston Cheng at a LeEco press conference in Hollywood on July 26 where LeEco announced it had acquired VIZIO for $2 billion. LeEco is spending $1.8 billion on a plant to build electric cars and challenge Tesla. (Dan Steinberg/AP Images for LeEco)
 

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