ByteDance is a lot more than just short videos as this deal explains. ‘Lost In Russa’ is the latest in a popular movie series but, after the Coronavisa outbreak, its cinema run was canceled. ByteDance smartly snapped the film up and it plans to show it online for free. As Hollywood Reporter likened it to “Disney deciding to open the paywall to Disney+ and release a new Avengers movie for free.”

Uber has been keen to offload the business for some time, with this deal reportedly in the offing for some months.

My colleague at The Ken, Sumanth Raghavendra, dissected the motivation behind it. Tl;dr it will help Zomato with its plan to raise new funding. For Uber, it removes an expensive and competitive battle that dragged down its Eats business worldwide link 🔒

Zomato says the deal will give its business a 20% boost link

More than a year after rules to spur open banking were issued, small lenders are stuck in a back-and-forth with startups over fees for access to client account data, according to a Financial Services Agency official. Fintechs that must reach agreements with individual banks before a May deadline say they don’t have the resources to pay hefty charges or crisscross the country convincing hold-outs.

Samsung Mobile named its youngest president as its new smartphone chief. It’s been under pressure from rivals like Huawei.

The company is also spending $500M to set up a smartphone display plant in India link

Philip Jacobson, who writes for environment-focused publication Monga Bay, was arrested for working as a reporter on a business visa. With the possibility of jail time looming, intervention from the US ambassador and others saw him moved out of jail. His fate is likely to be deportation.