Links of the day | 在网上找到

China’s debt: The auditors’ footnotes | The Economist – not as bad as the numbers looked (paywall)

WhatsApp Is The Leading Messaging App – Business Insider – what Business Insider fail to understand is that its not a zero sum game

Luxury market cooling down – Xinhua |

49 pc of ultra-affluent US consumers prefer American products and services: study

Tencent, not Google, maps out China’s biggest ‘street view’

Firms using ‘black PR’ to tear down rivals | SCMP – no real surprises here, in the UK and US it’s called competitor depositioning but I think black PR is a better name (paywall)

China’s non-manufacturing PMI eases | RTHK – slowing non-manufacturing growth

China’s reform plans could put a big dent in Macau’s $45 bln casino business – Quartz – facilitating moving money out of the country more easily

4.7 million reasons China got the latest season of Sherlock three weeks before the US – Quartz – piracy and nascent revenue streams in China from licensed content

Apple Gains Holiday Smartphone Market Share Weight in the US

Digital Ads: How Facebook, Google, And Twitter Target Us – ReadWrite

Study: Women Love Social Media More Than Men (Unless It’s LinkedIn) | Adweek – (paywall)

Hermès rethinks winter catalogs with narrative video – Luxury Daily

Huckberry | In Defense Of The Defender – really nice overview of the iconic Land Rover

The Doughnut Paradox: Indulgence Positioning in a World Obsessed With Health and Wellness – Euromonitor International – indulgence is basically a luxury experience

China’s Rebalancing: A Transition to Slower Growth | The Diplomat