Daily Crunch: In latest tech crackdown, China plans severe algorithm restrictions

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for Friday, August 27, 2021. What a week! In the last 24 hours we’ve had big news from around the world, including China’s latest regulatory push, Apple making modest concessions regarding the App Store and, of course, startup news aplenty. Oh, and Canva CEO Melanie Perkins is coming to Disrupt. — Alex The TechCrunch Top 3 China to crack down on algorithms: The push to more closely regulate and control China’s domestic technology market continued Friday with a government body announcing a draft set of rules for algorithms. The new rules come as China seeks to limit corporate data collection and more. Irony, of course, is dead. Corporations can’t get enough startup equity: That’s our takeaway from digging into the recent, record results from the corporate venture capital (CVC) world. CVCs are taking part in more, bigger startup funding rounds. We dug into the why and the how of the latest data. Apple makes smallest App Store concession: Per a settlement today… Click below to read the full story from TechCrunch
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