Axios

The FBI has labeled Nigel Farage — the controversial, far-right British politician — a "person of interest" in their investigation into ties between Trump's campaign team and Russia, according to the Guardian. The bureau suspects he has helpful information given his relationships with the Trump campaign and WikiLeaks founder Julian Assange, who released the DNC emails which were hacked by Russians.

• Guardian source: "He's right in the middle of these relationships. He turns up over and over again. There's a lot of attention being paid to him."
• What this doesn't mean: FBI do not suspect Farage of participating in anything wrong or illegal, just of having information they need.
• Farage issued a statement in response: "I consider it extremely doubtful that I could be a person of interest to the FBI as I have no connections to Russia."

Here's why Uber sunk more than $2 billion into its Chinese operations (before selling to its competitor): China alone represents 67% of the global on-demand transportation market, including bikes and cars, according to Kleiner Perkins partner Mary Meeker's latest Internet Trends Report.

• The data: Based on 2017's first quarter data estimates, China generated a total of about 2.5 billion on-demand rides, or roughly 10 billion rides on an annualized basis.
• Why it matters: China's importance as a large market for on-demand transportation has been obvious for a long time. Along with Uber's massive investment in the region before selling its local operations to Didi Chuxing last summer, the latter recently raised a nearly $6 billion round, putting its value at about $50 billion. It also explains the recent investment boom into bike-sharing and on-demand bike ride companies in China.
• Handy summary of the rest of the report.