Techmeme
August 30, 2021, 7:25 PM

Top News

Zheping Huang / Bloomberg:
State media says China is restricting online gaming time of minors to 3 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
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 …
Hartley Charlton / MacRumors:
Kuo: iPhone 13 hardware could support LEO satellite communications; Apple may work with Globalstar to enable connectivity when not in 4G/5G range  —  The iPhone 13 will feature low earth orbit (LEO) satellite communication connectivity to allow users to make calls and send messages …
Arjun Kharpal / CNBC:
ByteDance acquires VR headset maker Pico; according to IDC, Pico was the third-largest VR headset maker globally in Q1 2021 with shipments up 44.7% YoY  —  - TikTok owner ByteDance has made its first foray into virtual reality (VR) through the acquisition of a start-up called Pico.
Kate Rooney / CNBC:
Paypal has hired the co-founder of online brokerage TradeKing to lead the “Invest at Paypal” unit, which, sources say, plans to let US customers trade stocks  —  - PayPal is exploring ways to let users trade individual stocks, according to two sources familiar with the plan.
Sarah Perez / TechCrunch:
In an email to some Square Invoices users, Square says it's working on Invoices Plus, a paid version with some features from the free version, plus new ones  —  Square's popular free invoicing software is becoming the company's next big subscription service.
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 …
Micah Singleton / Billboard:
Apple acquires classical music streaming service Primephonic, giving its users six free months of Apple Music, and will debut its own classical music app in '22  —  Apple has acquired Primephonic, the classical music streaming service, for an undisclosed amount, the company tells Billboard.
Manish Singh / TechCrunch:
Sensor Tower: Telegram crossed 1B global downloads, with ~214.7M installs in H1 2021, up 61% YoY, and 22% of total global downloads coming from India  —  Popular instant messaging app Telegram has joined the elite club of apps that have been downloaded over 1 billion times globally, according to Sensor Tower.
More: 9to5MacTweets: @kingtutspacs
Mark Gurman / Bloomberg:
Sources: Apple Watch Series 7 will get a flat edged design with 41mm and 45mm displays, and multiple new watch faces to take advantage of the larger sizes  —  This is the free version of Power On.  If you like it, consider subscribing to Bloomberg.com — you'll receive this newsletter several hours earlier …
Andrew Ackerman / Wall Street Journal:
Kraken and others want access to Federal Reserve payment systems to process digital asset sales faster; ahead of the Fed's decision, traditional banks push back  —  Efforts by the new breed of financial entities, if successful, could create more competition for traditional banks

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