By Jonathan Soble and Lindsay Whipp

OK, so you know selfies are a thing – who doesn’t? But what about encasing that selfie-taking mobile phone in a case shaped like a Chanel perfume bottle?

Meet the Smelfie (Perfume + Selfie) – a thing, apparently, among women in China. And it hasn’t escaped the notice of product designers at Sony. Read more

By Matthew Garrahan, FT global media editor

Thomas Lesinski, the former head of digital production at Paramount Pictures, has launched a new company to produce content for television and online channels, striking a deal with Legendary Entertainment, which will have first option to release its programming. Read more

Just four years old, Chinese smartphone maker Xiaomi has shot up sales rankings to become the top smartphone seller in China, the world’s largest smartphone market, according to data by Canalys, the technology research company.

In a report released this week the company said Xiaomi’s shipments in China grew 240 percent year on year, to 15.1m in the second quarter, write Charles Clover. Read more

Anthony Noto, the ex-Goldman Sachs investment banker, has just been named as Twitter’s new chief financial officer. Here are five key things to know about him, writes Arash MassoudiRead more

Jack Ma, Alibaba’s founder, admitted on Sunday that he had never once used Taobao, the ebay-like flagship website for the ecommerce company he will be taking public later this year, writes Charles Clover and Ma Fangjing.

The odd sounding admission came in the middle of a rambling commencement speech to graduates of Tsinghua University on Sunday, in which he highlighted his humble origins and lack of professional experience. He needs to keep his emotional distance from his products, he said, so that he can make decisions about them objectively. And that apparently means not knowing how they work. Read more

From interfaces operated by gestures to digital ads that target the viewer, plenty of innovations were prophesied in ‘Minority Report’, writes Jeevan Vasagar in Berlin.

Rather fewer gee-whiz novelties were on view in the final scene, when three of the central characters were shown reading books in a cabin with smoke curling from the chimney. When Berlin-based audio site SoundCloud moves to its new offices, officially opened today, one of the rooms will take a leaf out of that final, low-tech image from the Steven Spielberg film. Read more

By Gautam Malkani

Jimmy Iovine, Tim Cook, Dr. Dre and Eddy Cue at Apple headquarters in Cupertino, California. (Photo by Paul Sakuma Photography)

It was the geeks who made commerce cool. Or at least that’s the popular assumption. Silicon Valley’s tech scene supposedly did for business and entrepreneurism what James Dean did for denim.

Start-up founders became superstars and VC morphed into modern-day A&R. San Francisco’s earlier incarnations as the home of beat writers, hippies and counterculture in general merely reinforced this view.

Apple’s acquisition of Beats by Dr Dre may look like another case in point. But it isn’t. Instead it reminds us that, tech schmeck, business became hip because of hip-hop. Read more

The importance of small and medium-sized enterprises as engines of job creation is a well-established economic fact. In countries such as Italy and Spain, SMEs account for 70-80 per cent of the workforce, and for a similar proportion of all newly created jobs, writes Ferdinando Giugliano.

Much less is known, however, about which kinds of SMEs are better at boosting employment. The SMEs universe is varied, but distinguishing between them is essential for governments to direct their economic policies in an effective way.

 Read more

Alibaba is taking a minority stake in China’s largest online video site, Youko Tudou, as it prepares for its own blockbuster initial public offering in the US.

Youko Tudou said on Monday that the Chinese e-commerce group, together with its founder Jack Ma’s Yunfeng Capital, would jointly invest $1.2bn in the video site.

Alibaba will hold 16.5 per cent stake in Youku after the deal, with Yunfeng holding 2 per cent. Read more

In a handy coincidence of scheduling, Apple and Facebook will both report earnings after the market closes on Wednesday.

The two Silicon Valley giants will give Wall Street a fast look at the state of the mobile and online advertising markets, at a time when tech valuations are facing growing questions from investors like David EinhornRead more