Tencent buys 5% stake in Tesla for US$1.78bn The deal is part of the Chinese tech giant's wider investment strategy, with the company buying stakes in a variety of sectors over the last year. Tesla recently completed a US$1.2bn fundraising drive earlier this month. Read more.

Facebook debuts stories feature in main app Facebook originally introduced a similar feature for Instagram in 2016. The new tool will allow users to take photos, add effects and then share the result. This marks the end of Stories' rollout, and the feature is now live on all of the company's apps. Read more.

Amazon reported to be planning try-before-you-buy bricks and mortar furniture stores The New York Times reports that the ecommerce giant is planning physical stores for some of its big ticket products. The stores will include augmented and virtual reality tools so that shoppers could see how the items would look in their homes. Read more.

Dubai-based Emaar Malls makes US$800m offer for Souq.com The bid comes after Amazon agreed in principle to buy the Middle Eastern ecommerce site last week. Emaar, which runs one of the region's largest shopping centres, believe that the acquisition would give the company a firmer footing in retail behaviour. Read more.

Spotify acquires content recommendation startup MightyTV The deal will see MightyTV's operations closed down as the team is folded into Spotify, with founder Brian Adams tapped to be the new VP of technology. The acquisition is the latest strategic move by Spotify, who acquired Preact in November 2016. Read more.

Ecommerce company Flipkart in talks to acquire Ebay’s Indian business The company, India's largest online retailer, is said to be in talks to acquire Ebay's domestic arm as part of an ongoing US$2bn fundraising effort. Flipkart recently closed a funding round in March which valued the ecommerce giant at US$10bn. Read more.