China’s new law on data privacy, fractional farming, debt for equity

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China’s first data privacy laws will come into effect on November 1, 2021. Will your business be in compliance?

Inspired by the EU GDPR, the new regulation “[introduce] perhaps the world’s most stringent set of data privacy requirements and protections, ”writes Scott W. Pink, Special Advisor in O’Melveny’s Data Security & Privacy practice.

In a comprehensive overview, it explains its key requirements and compliance steps for US-based businesses that serve Chinese consumers.

“US companies doing business in China or with companies in China should immediately begin to assess the impact of this new law on their activities,” he advises.

Now that the world has embraced remote working, are visas also essential for startup founders who want to be successful in the United States?

On Tuesday, September 14, at 2 p.m. PT / 5 p.m. ET, Editor-in-Chief Danny Crichton and Immigration Lawyer Sophie Alcorn will discuss the issue on Twitter Spaces.

They will answer questions from the audience, so mark your timeline and follow @techcrunch on Twitter to receive a reminder before the chat.

Thanks so much for reading Extra Crunch; Hope you have a good weekend.

Walter thompson
Editor-in-Chief, TechCrunch
@yourprotagonist

FinTech transforms the world’s oldest asset class: farmland

Minnesota soybean field at early morning sunrise

Image credits: rise (Opens in a new window) / Getty Images

Whether he said it or not, “buy land, they don’t do it anymore” is one of Mark Twain’s best quotes on capitalism.

Past recessions and the ongoing pandemic have created real uncertainty about the future of commercial and residential real estate, but farmland is “historically stable,” said Artem Milinchuk, founder and CEO of FarmTogether.

Anatomy of a PSPC: Inside Better.com’s Ambitious Plans

Speech bubble with the house

Speech bubble with the house

Image credits: mikroman6 (Opens in a new window) / Getty Images

Online mortgage company Better.com doesn’t wait to complete its SPAC merger before making big strides: Ryan Lawler has announced that he has bought Property Partners, a UK-based startup that offers fractional ownership.

This is the second company Better has bought in recent months: in July, it bought out digital mortgage brokerage firm Trussle.

“We’re not that easy to categorize,” said Better CEO Vishal Garg, who told Ryan the company plans to expand into traditional financial services like auto loans and insurance soon.

According to CFO Kevin Ryan, “A lot of people have their own niche in how they tackle this, but we feel like we’re on our way to becoming a complete package where everything is integrated into the same flow. “

5 factors that can make or break a startup’s growth journey

Old rusty keys isolated on white background.

Old rusty keys isolated on white background.

Image credits: JoKMedia (Opens in a new window) / Getty Images

If you don’t have a great story to share, it doesn’t matter how big your marketing budget is.

“Paid marketing can be a useful tool in your toolbox to accelerate an already buzzing flywheel. Don’t let it be the only one,” suggests Brian Rothenberg, a two-time founder who is now a partner at Defy.

Drawing on his time as Vice President of Growth for Eventbrite, he shares five critical factors for starting, sustaining, and measuring long-term growth.

Debt vs. Equity: When Do Non-Traditional Financing Strategies Make Sense?

A close up of a woman's hands, one holding an apple the other holding a donut

A close up of a woman’s hands, one holding an apple the other holding a donut

Image credits: Peter Dazeley (Opens in a new window) / Getty Images

Many potential founders are familiar with the startup economy – and many are completely green.

When it comes to raising funds, however, it is necessary to understand the relative advantages (and limitations) of debt and equity financing.

Founders who are less willing to dilute their control may be willing to use debt financing to fund their capital expenditures, “but that doesn’t make sense to everyone,” says David Friend, a six-time entrepreneur.

Investors double focus on Southeast Asia’s digital economy

Image credits: Getty Images

Last year, startups based in Southeast Asia raised more than $ 8.2 billion, a 4-fold increase from 2015.

In the first half of 2021, regional mergers and acquisitions increased 83% to a record $ 124.8 billion.

It is not only venture capitalists and Big Techs who are strengthening their presence in the region.

“More than 229 family offices have been registered in Singapore since 2020, with total assets under management estimated at $ 20 billion,” writes Amit Anand, founding partner of Jungle Ventures.

Edtech looks at the economy of creators with cohort courses

Image credits: Bryce Durbin / TechCrunch

Natasha Mascarenhas examined the parallels between edtech and the designer economy, which both exploded amid the pandemic – and faded amid the rise of cohort-based classes.

“Edtech and the Creator Economics certainly differ in the problems they try to solve: Finding a virtual reality solution to make STEM online courses more realistic is a different problem to solve than streamlining all the different monetization strategies.” from a creator on a single platform. Yet the two sectors have found common ground over the past year.

Discover the new sustainable development strategy for retail: personalization

photo of a dressing room with a one-way mirror and a dress rack

photo of a dressing room with a one-way mirror and a dress rack

Image credits: Liyao Xie (Opens in a new window) / Getty Images

Were the shoes, jacket, and makeup that looked so good on Instagram (and in your shopping cart) when you first put them on?

Due to buyer’s remorse, it is not uncommon for clothes or cosmetics to languish at the bottom of a drawer or end up as a gift, but there are also serious consequences.

“The beauty industry produces more than 120 billion units of packaging each year, a small portion of which is recycled. Globally, it is estimated that 92 million tonnes of textile waste ends up in landfills, ”notes Sindhya Valloppillil, founder and CEO of Skin Dossier, in a guest column.

The answer to bringing sustainability to the industry, she says, is to use technology to personalize the retail experience:

  • Virtual AR try-on with shade matching

  • Advanced Virtual Dressing Rooms with VR / AR for Fashion

  • Smart packaging with IoT and distributed ledger technology

Plentywaka founder Onyeka Akumah talks about African startups and global expansion

Illustration of Onyeka Akumah from Plentywaka

Illustration of Onyeka Akumah from Plentywaka

Image credits: Bryce Durbin / TechCrunch

Twenty million people live in Lagos, Nigeria, and 14 million of them use the city’s public transport system every day.

Travelers rely on overcrowded public buses that take congested routes: what should be a 30-minute ride is often a three-hour ride, but Treepz CEO and co-founder Onyeka Akumah “has big plans to improve. public transport infrastructure in Africa and beyond. “Writes Rebecca Bellan.

“We wanted to give people a better way to get around with predictability, where they can know when the bus is coming here, the certainty that they will have a seat in a vehicle, that it is a decent and safe vehicle that you can bring. your laptop, ”Akumah said.

“These are the things we said we wanted to change.”

Dear Sophie, When can I apply for my US work permit?

solitary figure at the entrance of a maze hedge that has an American flag in the center

solitary figure at the entrance of a maze hedge that has an American flag in the center

Image credits: Bryce Durbin / TechCrunch

Dear Sophie,

My husband just accepted a job in Silicon Valley. His new employer will sponsor him for an E-3 visa.

I would like to continue working after we move to the United States. I understand that I can get a work permit with the E-3 visa for spouses.

How quickly can I apply for my US work permit?

– Adaptive Australian



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