Techmeme
August 31, 2021, 8:55 AM

Top News

Jiyoung Sohn / Wall Street Journal:
South Korea's National Assembly passes a bill that forces Apple and Google to allow alternative payment systems in their app stores  —  Seoul requires the companies to allow competing payment systems, threatening their 30% cut of most in-app digital sales  —  SEOUL—Google and Apple Inc …
Mark Gurman / Bloomberg:
Source: Apple's planned satellite capabilities for the iPhone are focused on emergencies, enabling texts and crisis reports in areas without cellular coverage  —  - Apple plans an emergency-reporting tool for future iPhones  —  Apple Inc.'s push to bring satellite capabilities to the iPhone …
Dave Nyczepir / FedScoop:
White House announces the US Digital Corps, a two-year fellowship aiming to recruit early-career software engineers and other technologists to federal agencies  —  The White House launched a two-year fellowship Monday designed to place early-career software engineers, data scientists and other technologists at federal agencies.
Danny Nelson / CoinDesk:
The Central Bank of Nigeria says it will work with blockchain and payments startup Bitt Inc. to launch Nigeria's eNaira digital currency later this year  —  The Central Bank of Nigeria (CBN) said Monday it will work with Bitt Inc., a blockchain and payments startup, to launch …
Zoe Schiffer / The Verge:
Some Apple employees say their privacy is not well protected by Apple, as they decry norms and rules that encourage personal iCloud accounts be used at work  —  Jacob Preston was sitting down with his manager during his first week at Apple when he was told, with little fanfare …
MIT Technology Review:
Sources and experts say US-funded Afghan government databases containing sensitive personal data could be used by the Taliban to identify millions of Afghans  —  By capturing 40 pieces of data per person—from iris scans and family links to their favorite fruit—a system meant to cut fraud …
Zheping Huang / Bloomberg:
State media says China is restricting online gaming for minors to three hours most weeks of the year, from 8pm to 9pm on Fridays, weekends, and public holidays  —  - The country is imposing its strictest limits yet on play time  — Beijing is waging a campaign to groom productive youths
IDC:
Global smartphone shipments are expected to grow by 7.4% in 2021, reaching 1.37B units, with iPhone shipments growing 13.8% and Android shipments growing 6.2%  —  While the supply chain situation hasn't drastically improved, the smartphone market has shown positive results in recent quarters.
Joanna Stern / Wall Street Journal:
Getting a water-damaged MacBook Pro fixed shows how independent repair shops can make repairs more affordable to consumers if Apple allows them access to parts  —  New legislation aims to provide more options for fixing our broken gadgets.  A journey to fix two MacBooks illustrates …
Sebastian Sinclair / CoinDesk:
Singapore-based digital asset exchange Zipmex raises $41M Series B with participation from Krungsri Finnovate, the VC arm of one of Thailand's largest banks  —  Singapore-headquartered digital asset exchange Zipmex has completed its $41 million Series B funding round with participation coming from one of Thailand's largest banks.
Suvashree Ghosh / Bloomberg:
Facebook, Google, and Xiaomi are eyeing India's digital loan market, which Boston Consulting Group estimates to triple to $350B by 2023 and reach $1T by 2025  —  India's digital loan market is becoming a battleground for companies from Facebook Inc. to Xiaomi Corp., seeking a foothold in what's set to be a $1 trillion industry.
Ryan Vlastelica / Bloomberg:
As ad revenue surges, Alphabet shares are up 65% over 2021, and up more than 7% in August to reach a record high of $2,891.81, the longest rally since 2009  —  - Shares are poised for their eighth straight month of gains  — Yearly rise nearly twice as much as Facebook, Microsoft
Coco Liu / Bloomberg:
PitchBook: VC firms invested $5.4B into hardware startups across Greater China during H1 2021, already surpassing the $5.1B raised in total last year  —  - Hardware startup investments hit $5.4 billion in 1H: PitchBook  — Regulators launched a crackdown in internet firms since 2020
Ingrid Lunden / TechCrunch:
Manchester-based Peak AI, which helps non-tech companies build AI apps, raises $75M Series C led by SoftBank Vision Fund 2, bringing total funding to $118M  —  As artificial intelligence continues to weave its way into more enterprise applications, a startup that has built a platform to help businesses …
Dieter Bohn / The Verge:
Fossil announces Gen 6 Touchscreen smartwatch with a Snapdragon Wear 4100+ processor, starting at $299, and says it won't get Wear OS 3 until sometime in 2022  —  A new Qualcomm processor promises better battery life  —  Fossil has announced its fall 2021 smartwatch lineup running Wear OS, which it is calling the Gen 6 Touchscreen.

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