Why Uber teamed up with its main rival in China | Recode Daily: August 1, 2016

Uber is going to stop spending billions in China to compete with Didi Chuxing and will merge its China operations with its chief rival. Uber's concession will give it a 20 percent stake in Didi, which is now valued at $35 billion. Even more important: The deal will placate investors worried that China was going to be a financial black hole for Uber.
[Kara Swisher | Recode]

A post-DNC convention poll conducted by CBS gives Hillary Clinton a 46 percent to 39 percent lead over Donald Trump. CBS had them in a dead heat last week after the RNC convention.
[Sarah Dutton | CBS]

Tesla and Elon Musk are going ahead with their plan to buy SolarCity, the Musk-backed solar company. The all-stock deal, first proposed in June, values SolarCity at $2.6 billion.
[Johana Bhuiyan | Recode]

On the new episode of Recode Decode, Kara Swisher talks Yahoo-Verizon with activist investor Eric Jackson, who has long been bearish on Marissa Mayer's tenure at Yahoo. Together, the two talk about what went wrong at the one-time giant, and why the company's story may not yet be over.
[Eric Johnson | Recode]

Joshua Topolsky, co-founder of Vox Media site The Verge, has raised $5 million to launch The Outline, a new digital media publication. Topolsky's backers include RRE Ventures, which has also invested in BuzzFeed and Business Insider.
[Mike Shields | The Wall Street Journal]