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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,…

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