China sets three-hour weekly time limit for under-18 gamers – TechCrunch

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Hello and welcome to Daily Crunch for August 30, 2021. The startup world is gearing up for Y Combinator Demo Day this week, however the remainder of tech isn’t taking a pause. So now we have Apple information, Telegram information, antitrust information, online game information, you title it.

But now we have some TechCrunch information to begin: Ryan Reynolds is coming to Disrupt to speak about his firm, Maximum Effort. That’s fairly hype. And we’re going to be talking about software. So much. — Alex

The TechCrunch Top 3

  • China restricts youth gaming: To three hours per week! Which isn’t a lot! For a rustic with a big video games market like China, that is huge darn information. But it’s only one half of a bigger regulatory push in China (together with issues as far afield as taking up online fan tradition!) to convey its personal corporations extra in keeping with the federal government’s plans.
  • Toast’s IPO looks tasty: TechCrunch took an extended take a look at Boston-based Toast’s IPO submitting right this moment. Our takeaways? That the corporate has posted admirable progress since its COVID lows and has a really sturdy multipart enterprise mannequin. The firm is doing the very active Boston startup scene proud.
  • Spotify buys Joe Rogan, Apple buys classical music? The marketing campaign to construct differentiated music streaming providers in an period when music is on the market all over the place hotted up this week with Apple shopping for Primephonic. The smaller firm, primarily based in Amsterdam, might be absorbed into Apple Music.


Ready for a broadside of startup information? Good. We have what you want. But first, as an indication of the instances, Telegram just crossed the 1 billion download mark. That’s an achievement, certain, but additionally goes to point out that perhaps customers do care about privateness in any case.

  • Casper’s unfriendly ghost fails to haunt Eight Sleep: Remember when D2C mattress firm Casper went public, and it went poorly? That misstep has not stopped traders from placing new capital into Eight Sleep, which makes sensible mattresses. The startup simply raised $86 million in a Series C spherical of funding that values it at practically a half-billion {dollars}.
  • Prive raises $1.7M for better e-commerce subscriptions: Two ex-Uber of us are constructing one thing new to make e-commerce subscriptions, serving to each retailers promote extra items and customers get higher suggestions. Win/win.
  • At long last, a personal CRM? I don’t need to get your hopes up, as constructing a private CRM has been a white whale in startupland for some time. But Clay, a startup that simply raised $8 million, has put collectively what TechCrunch calls “a system designed to help you be more thoughtful with the people in your life.” Please let or not it’s good. I need assistance.
  • Alpaca proves that embedded fintech is still hot: TechCrunch has lined Alpaca a couple of instances lately, each when it raised capital and once we have been delving extra deeply into the world of API-delivered startups. Today the corporate introduced a $50 million Series B, a partnership with Plaid and help for crypto buying and selling. Alpaca’s work to offer different fintechs with embedded equities buying and selling seems to be going properly.
  • How does one become a travel influencer? I don’t know. But if you happen to turn into one, Thatch needs you to have the ability to higher monetize your suggestions. If you might be at the moment a journey influencer, that is excellent news. If you have been hoping that influencers would lose affect within the coming years, this isn’t.
  • To cap us off right this moment, Ola Electric is looking to raise between $250 million and $500 million. That’s an enormous chunk of change. The deal has but to shut, however our early reporting signifies that Ola’s electrical automobile enterprise is about to be greater than flush. “Falcon Edge Capital is in advanced talks to lead the round, which values Ola Electric between $2.75 billion to $3.5 billion,” TechCrunch reviews.
  • Plus, over the weekend I wrote about why startups are going to win the battle to set the tone concerning distant work, in case you wished to offer {that a} learn.

How Amazon EC2 grew from a notion right into a foundational ingredient of cloud computing

In August 2006, AWS activated its EC2 cloud-based digital pc, a milestone within the cloud infrastructure big’s improvement.

“You really can’t overstate what Amazon was able to accomplish,” writes enterprise reporter Ron Miller.

In the 15 years since, EC2 has enabled purchasers of any dimension to check and run their very own functions on AWS’ digital machines.

To be taught extra a few elementary technological shift that “would help fuel a whole generation of startups,” Ron interviewed EC2 VP Dave Brown, who constructed and led the Amazon EC2 front-end crew.

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Big Tech Inc.

  • ByteDance buys VR hardware startup: Sure, Facebook is a pacesetter within the VR {hardware} sport, but it surely’s hardly the one participant. TikTook mum or dad firm ByteDance is trying to take Facebook on by shopping for Pico, which had raised a $37 million spherical earlier this 12 months. It’s not clear how this information intersects with gaming restrictions in China, however now we must always have nationwide champions duking it out within the VR market.
  • Instagram wants to know your birthday: If you aren’t into giving Facebook merchandise extra of your information, unhealthy information right this moment from Instagram. It will immediate customers to share their birthday and solely enable so many deferrals. Why? TechCrunch reviews that the change is to assist “personalize your experience” on the service. Which means advertisements.
  • Ideanomics buys Via Motors: Ideanomics, a public mobility firm, is spending $450 million in inventory to purchase Via Motors, an EV firm. Shares of Ideanomics are up simply over 5% right this moment on the information.
  • It seems that most Big Tech employees aren’t opposed to antitrust enforcement, though the concepts being bandied concerning the halls of Congress may make life tougher for the megacorps that at the moment represent the highest finish of the know-how business.

TechCrunch Experts: Growth Marketing

Illustration montage based on education and knowledge in blue

Image Credits: SEAN GLADWELL (opens in a new window) / Getty Images

Are you all caught up on final week’s protection of progress advertising? If not, learn it here.

TechCrunch needs you to suggest progress entrepreneurs who’ve experience in search engine optimisation, social, content material writing and extra! If you’re a progress marketer, cross this survey alongside to your purchasers; we’d like to listen to about why they liked working with you.


Image Credits: Diversion Books

Join Danny Crichton on Twitter Spaces tomorrow, Tuesday, August thirty first at 1 p.m. PDT/4 p.m. EDT as he talks with Azeem Azhar about his upcoming guide, “The Exponential Age: How Accelerating Technology is Transforming Business, Politics and Society,” which might be launched on September 7, 2021.

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