Welcome to the Tech Meme Right Home for Monday, September 13th, 2021. I'm Brian McCullough.

Today is China dismantling its super apps and selling the parts for scrap.

Toast has officially become my favorite COVID-times survival story,

what to expect from tomorrow's iPhone event including

1 terabyte iPhone storage tears and a full breakdown of the ruling in the

epic versus Apple case. Has the App Store officially been cracked open? It's

complicated. Here's what you miss today in the world of tech.

So for a couple of years now, the Holy Grail for a lot of VCs and even a lot of existing and successful FinTech companies has been to emulate the Chinese style super apps where you buy you pay for you bank for everything you need in

just one app.

It's your transport app, your shopping app, your investing app, the whole nine yards.

Well, as I said, China already has apps like these.

It's just a question of if they can be replicated in other markets.

But meanwhile it looks like China wants to burn their super apps down.

Sources are telling the Financial Times that Beijing wants to break up Jack Ma's Ant Group's

Alley Pay, which has over 1 billion users so that they can carve out a separate app for the company's

highly profitable loans business.

Quote, Chinese regulators have already ordered Ant to separate from its main business the company's

two lending units.

Huabe, which is similar to a traditional credit card, and Jibe which makes small unsecured

loans into a new entity and bring in outside shareholders.

Now officials want these lending businesses to have their own independent app as well.

The plan would also require Ant to turn over the user data that underpins its lending decisions

...