Category: software | 軟件 | 소프트웨어 | ソフトウェア

Soon after I started writing this blog, web services came up as a serious challenger to software. The thing that swung the tide in software’s favour was the rise of the mobile app ecosystems.

Originally mobile apps solved a gnarly problem for smartphone companies. Web services took time to download and were awkward compared to native software.

Now we tend to have a hybrid model where the web holds authentication functionality and the underlying database for many applications to work. If you pick up a Nokia N900 today, while you can appreciate its beautiful design, the device is little more than a glowing brick. Such is the current symbiosis between between software apps and the web services that support them.

That symbiosis is very important, while on the one hand it makes my Yahoo! Finance and Accuweather apps very useful, it also presents security risks. Some of the trouble that dating app Grindr had with regards security was down to the programmers building on third party APIs and not understanding every part of the functionality.

This means that sometimes things that I have categorised as online services might fall into software and vice versa. In that respect what I put in this category takes on a largely arbitrary view of what is software.

The second thing about software is the individual choices as a decision making user, say a lot about us. I love to use Newsblur as an RSS reader as it fits my personal workflow. I know a lot of other people who prefer other readers that do largely the same job in a different way.

  • June 2025

    June 2025 introduction – thee and me (23) edition

    Welcome to my June 2025 newsletter, this newsletter marks my 23rd issue or as 23 would be called in bingo halls ‘thee and me’.

    Michael Jordan's Chicago Bulls Basketball Jersey

    Basketball legend Michael Jordan wore the number 23 on his jersey when he played for the Chicago Bulls and when he returned to basketball to play for the Washington Wizards.

    At the beginning of the 20th century, 23 and 23Skidoo appeared memetically as short hand for ‘to leave’ or to be asked to leave in American English. There are no satisfactory explanations about its origin.

    It went on to be referenced in American plays, a Popeye cartoon, a William Burroughs story and inspire the name of a post-punk band founded by original international Stüssy Tribe member ‘Alex Baby‘.

    Burroughs inspired the ’23 enigma’ which appeared in new age and alternative literature including The Illuminatus! Trilogy by Robert Shea and Robert Anton Wilson.

    New reader?

    If this is the first newsletter, welcome! You can find my regular writings here and more about me here

    Strategic outcomes

    Things I’ve written.

    • Walsh’s of Mullingar and more things dwelt on multi-generational businesses in Ireland, memetic ideas in architecture and the political act of hacking.
    • Augmented retailing – how machine learning is being used beyond efficiency to actually help customers in a customer-centric approach to customer experience.
    • Living with the Casio GW-9500 Mudman watch. Or, why I am wearing an old school G-Shock when smartwatches can do so much more?

    Books that I have read.

    • I finished Rogue Agent by Andy McDermott. It’s an easy undemanding read, ideal for a holiday. It benefits from good pacing of the plot line and feels like it’s aimed at a British working-class male reader. It feels like it would be a good Amazon Prime or Netflix series if adapted from the novel.

    Things I have been inspired by.

    Walk the house

    Walk the house is an exhibition at the Tate Modern by a Korean artist Do Ho Suh. The exhibition features a number of works that challenge what we think about living spaces and their sense of permanence. There is a traditional Korean house reproduced in charcoal rubbed fine paper, which captures every detail of the building’s exterior.

    There is a tension between the scale and ephemeral nature of the work. The traditional Korean house also contrasted with modern apartment replicas in polyester mesh curtain material and wire supports.

    The material and the extreme fidelity to detail that the artist brings gives them a dream-like quality like reliving a memory.

    The exhibition is on at the Tate Modern until October and I can’t recommend it enough.

    Time for some new ‘Age Thinking’

    There was a moment in 2023 when the IPA Census of the UK advertising industry saw no one reach retirement age in any advertising agency. Anna Sampson was tasked with writing a report about age, systemic barriers and ageism with in the industry.

    This directly impacts concerns around inclusivity, diversity and representation. It’s adversely affecting the work done for clients.

    The Who Live

    I remember listening to a creative director’s challenge in getting a production company to cast old people for a film. The production company was suggesting 40 year-olds, when what required was 70-plus.

    I can also recommend Matthew Knight’s interview with Anna Sampson after the publication of the report.

    What’s working in raising brand awareness?

    WARC published their report What’s working in raising brand awareness, which is instant click bait to strategists. The findings in the report reinforce what we already knew from The Long and the Short of it and Ehrensberg-Bass’ How Brands Grow. It cites Research by Fospha found that brands who allocated at least 5% of their budgets to awareness and consideration saw a 22% higher return on advertising spend. When higher-awareness brands boosted their spend by 10%, they saw a 13% increase in sales.

    AI’s dot com moment?

    Given Mary Meeker‘s heritage in the late 1990s dot com bubble as evangelist rather than analyst – I was instinctively a bit leery of the hockey stick-shaped graphs in her new presentation on AI. The report gives good context to where many of the exponential claims. Like telecoms and the web before it, the presentation is an expression of confidence in progress, not a business model endorsement per se. Look instead at the financial results of major players in quarterly and annual filings.

    Chart of the month. 

    Global podcast advertising growth seems to have matured based on data from WARC.

    Global podcast ad spend growth

    Things I have watched. 

    Bad Day At Blackrock – the film merges film noir with the western. It has a cast dominated by award-winning actors including Spencer Tracy as one-armed veteran with judo skills. Robert Ryan, Ernest Borgnine and Lee Marvin play local yahoos who try and needle a new arrival. The quality of the cast, the setting in the California high desert, a ramshackle western town and the Southern Pacific streamliner train – create an amazing film. Just ten years after the end of the second world war, Bad Day at Blackrock deals with racism against Asians. In my mind, it is John Sturges best film, but always overshadowed by his later works Gunfight at the O.K. Corral, The Magnificent Seven and The Great Escape.

    I first saw Le Doulos (aka The Fingerman) in an arthouse cinema in Liverpool with some art student friends. It was great to watch it again, this time in Blu-Ray. Jean-Pierre Melville directed a classic piece of French New Wave cinema noir. Jean-Paul Belmondo plays Silien, a complicated character whose true place in the story isn’t revealed until the final third of the movie. Belmondo’s role lights up the screen displaying movie star looks and the hardness of a gangster. The plot is carefully doled out like a well-played poker hand with enough twists and turns that kept me on the end of my seat. It’s a masterclass in storytelling.

    Useful tools.

    Pocket is shutting down

    Pocket was a service that was integrated into Firefox by the Mozilla Foundation that allowed the user to bookmark a web a page that was used to save articles and webpages for later. if you’re a Pocket user and looking for an alternative I can recommend Pinboard. I have been using Pinboard for the best part of 15 years, so can vouch for the service.

    The sales pitch.

    I am currently working on a brand and creative strategy engagement at Google’s internal creative agency.

    now taking bookings

    I am now taking bookings for strategic engagements from the start of 2026 – keep me in mind; or discussions on permanent roles. Contact me here.

    More on what I have done here.

    bit.ly_gedstrategy

    The End.

    Ok this is the end of my June 2025 newsletter, I hope to see you all back here again in a month. Be excellent to each other and onward into summer.

    Don’t forget to share if you found it useful, interesting or insightful.

    Get in touch 

  • Augmented retailing

    What I’m calling augmented retailing is a step change in technology in retailing from efficiency to effectiveness.

    Retailing efficiency

    Cash Register Ads

    Before we talk about augmented retailing, let’s go through efficiency which has been the focus for a long time. Depending on the way you want to look at this, you could look back centuries to the foundation of a technology multiplier: children.

    Family retail businesses had family members working in their business from once they could understand and act on instructions. I have friends that started working in the family restaurant from 6-years old. I started working on the family farm (ineffectively) from a similar age.

    Weighing scales were starting to become standardised by the middle-ages and giving short measures could see you punished.

    The next innovation were payment related, such as currency and credit.

    At the end of the 19th century thanks to industrialisation you started to see the origins of supermarkets as we now think about them. Sears Roebuck was the exemplar for mail order business, from which we now have Amazon and the countless e-tailers out there. Around about the same time the cash register was invented, which allowed cashiers to deal with more customers in a given amount of time. Cash registers then improved over the next century.

    At the end of the 20th century we start to see e-tailing emerge. Accelerating mail order from being a niche to becoming a mainstream form of retail. Around the same time, you also saw cashier-less tills come in and other techniques to make shopping even more self-service.

    Augmented retailing

    Augmented retailing isn’t for the primary benefit of the retailer; but the customer. That’s more radical than it sounds as I write this down.

    Look at other trends that marked change in retail and its about inconvenience to ‘create’ demand:

    • Apple retail product launches.
    • Abercrombe and Fitch / Hollister’s ‘club style’ door queues.
    • Drop culture.
    • Raffles to win the right to buy a product.

    I have started to see innovations that are focused on the effectiveness of the consumer experience, rather than being orientated around retailing efficiency.

    Mylowe virtual advisor

    Lowe’s is a DIY superstore, rather similar to B&Q, Homebase or Toolstation in the UK. Like B&Q, Lowe’s has on-site experts to advise customers and help them select parts for projects.

    Mylowe helps the experts by augmenting their expertise, providing a faster, better experience for Lowe’s customers.

    A-eye

    Indian snack manufacturer Britannia worked with their agency VML India to aid blind consumers to shop independently. The app christened A-eye uses Google’s Vertex AI to recognise products on shelves and provide information about the product (quantity, ingredients, instructions etc.). Think about the personal confidence that this would bring to the user in their everyday life.

    Albert Heijn provides cooking tips

    Dutch supermarket brand Albert Heijn uses generative AI to help consumers by answering cooking questions. `Mijn AH assistent’ helps customers in their food shopping for food ingredients.

    More related content here.

  • May 2025 newsletter

    May 2025 introduction – two little ducks (22) edition

    Welcome to my May 2025 newsletter, this newsletter marks my 22nd issue. 22 is known in bingo halls and the Spanish national lottery as two little ducks.

    Double Duck

    In France, 22 is the equivalent of 5-0 in the English speaking world as slang for the police. 22 is an important number for people who believe in numerology. In Hong Kong, 22 is associated with good fortune. This is down to the number sounding similar to ‘easy’ or ‘bright’ in Cantonese.

    I hope that you are tricked into thinking I am bright based this newsletter, so let’s jump in. Inspired by catching up with my old DJing partner Griff, this month I enjoyed the unashamedly joyous pumped-up sounds of Blackpool’s AZYR at the Boiler Room x TeleTech Festival in 2023. In particular the transition at the end of the set between Frankyeffe – Save me and Infectious! – I need your lovin’. (Extra trainspotter points if you knew that Infectious! is a homage / remake of N.R.G’s The Real Hardcore from a year earlier). Wear your headphones, it might be divisive playing the set out loud in the office. More bangers from AZYR here.

    New reader?

    If this is the first newsletter, welcome! You can find my regular writings here and more about me here

    Strategic outcomes

    Things I’ve written.

    • Predicting market share through share of search volume and what the rise of AI likely means.
    • Reaching a precipice in hydrogen power and trends in Chinese skincare amongst other things.

    Books that I have read.

    • Careless People by Sarah Wynn Williams. Williams account of her time in Facebook had become the most discussed book of the spring in my social circle. I wrote a long review of it here.
    The Road to Conscious Machines
    • The Road to Conscious Machines by Michael Wooldridge examines the profound cultural impact of generative AI, which is currently experiencing a surge in both its cultural influence and practical applications. Drawing parallels to the internet’s transformative impact in the mid-to-late 1990s, where it permeated various aspects of society and fostered rapid adoption, Wooldridge traces the evolution of generative AI as a phenomenon that emerged gradually over the past half-century. Throughout the book, Wooldridge provides a comprehensive historical overview of AI, including the periods of research stagnation known as AI winters. This historical perspective equips readers with a nuanced understanding of the strengths and weaknesses of AI, enabling them to approach AI adoption with a well-informed perspective.
    • As I finish this newsletter during the bank holiday weekend, my light reading is Rogue Asset by Andy McDermott. McDermott comes from a long line of British authors like Jack Higgins, Len Deighton, Frederick Forsyth and Mick Herron who provide novels aimed at a shrinking pool of readers – men. At least, if one is to believe what’s said in the media. Rogue Asset hinges on the premise that the UK has a unit which assassinates the countries enemies on a regular basis. Think somewhere between The Troubles era Det and the modern deep state trope. Our hero is snared into the plot by being discovered on the run thanks to his online behaviour – which is attributed to GCHQ; (but isn’t as mysterious as it sounds because of the programmatic advertising technology stack). So far so good for what it is. I will let know if it goes downhill as a read next month.

    Things I have been inspired by.

    Mmrytok

    Limitations are often the mother of invention. That seems to be the theory behind mmrytok. Mmrytok allows you to do one post a day. It doesn’t support HTML formatting, it doesn’t allow you to link out and doesn’t have a newsfeed. So it’s easy-to-use because it’s less sophisticated than Geocities was. In this respect it is to social media and blogs what Punkt is to smartphones. In an always-on social time, I have found it liberating to use. You can see my page here. I heard of Mmrytok thanks to Matt Muir’s great newsletter Web Curios.

    No, AI isn’t making you dumber

    Australian documentary maker ColdFusion put together an interesting video essay on How AI is making you dumber.

    Yes, you could argue that under certain attributes the population isn’t as smart as they have been in the past. Just last month I shared an article by John Burn-Murdoch. In the article he shared data of a longitudinal trend across countries and age-groups struggling with concentration, declining verbal and numerical reasoning. The problem with Burn-Murdoch’s article vis-a-vis the ColdFusion video is the timeline.

    His article charts a decline further back than the rise of generative AI services. Mia Levitin in an essay for the FT attributed the decline in reading to the quick dopamine hits of social media content.

    A college professor interviewed by The Atlantic put the decline in reading amongst his undergraduate students put it down to a practice in secondary education of atomising content. Pupils in high schools were assigned excerpts, poetry and news articles to read, but not complete books. This has impacted the size of vocabulary and grasp of language that students starting university now have.

    James Gleick

    This isn’t new territory, James Gleick in his book Faster documented the massive acceleration of information through the late 20th century and its effects on the general public. The underlying accelerant was described by Kevin Kelly in What Technology Wants as the technium – a continuous forward progress due to a massively interconnected system of technology.

    There were concerns in research as far back as the late 1980s that television could be adversely affecting children’s reading comprehension and attention spans.

    TL;DR – with generative AI you could become dumber, if you use it unwisely – but the problem lies with all of us and what we chose to do with our personal agency.

    CIA advertise for Chinese spies

    The CIA commissioned a couple of high production value adverts that they’ve been running on social media channels. The adverts are designed to encourage Chinese government employees to come forward as an agent. The sales pitch is about taking control.

    CIA China advert

    A translation of the Chinese tagline: ‘The reason for choosing cooperation: to become the master of (one’s own) destiny‘. More details from the FT about the campaign here, and here’s the two executions currently running on YouTube.

    It remains to be seen if the campaign will be effective. The Chinese Ministry of State Security managed to roll-up the CIA’s spy network back in 2010-2012. Up to 30 informants in China were executed.

    Montirex

    montirex

    Merseyside sports-inspired lifestyle brand Montirex have published a film telling the brand story from its origins to the present day. The brand is expanding beyond its Merseyside roots to get national and international sales.

    Trust, attitudes and use of artificial intelligence

    A 2025 global study covering some 48 countries was conducted by KPMG in association with the University of Melbourne. Some key insights from the report. Consumer generative AI is being used instead of enterprise options by workers. Generative AI adopters still have self-perceived low AI skills but that doesn’t slow their adoption. There is higher adoption and trust rates in emerging markets than in developed markets.

    Pro and anti-trust AI issues solidifying

    Year-on-year we are seeing an increase in both distrust and trust for specific AI use cases, indicating that it is becoming a polarising subject. The lowest trust levels is in tech-savvy Finland. More here.

    Chart of the month. 

    McDonald’s Restaurants saw a decline in sales. This was down to low income consumers spending less, while middle class earners still weren’t going into McDonalds. Normally when there is a recession, McDonalds should benefit from the more well-off trading down to McDonalds. Instead, fortunes have diverged into a ‘k-shaped’ recession. Lower income earners are hit, while middle classes aren’t. What Axios called the ‘McRecession‘.

    McDonald's quarterly sales growth

    Things I have watched. 

    Tony Arzenta (also known as Big Guns). The film is an early 1970s gallo film. French star Alain Delon appears in this classic retribution story based in Milan. As Tony Arzenta, Delon exacts revenge on the former bosses who killed his family by accident in a botched assassination attempt to prevent him from retiring.The film uses a wintry Milan as a good atmospheric backdrop for the action that plays out in a series of shoot-outs and car chases. It’s John Wick before it was even conceived. Delon brings a tension that other stars of the era like Charles Bronson failed to do in similar roles. As Arzenta’s targets flee across Europe, he goes through Germany and Denmark to catch up with them.

    Sansho the Bailiff – as a film Sansho the Bailiff comes encumbered with a weight of praise. It is highly rated by film critics and Martin Scorsese had it as one of his must-watch films for young film makers. Director Kenji Mizoguchi assembled an ensemble cast of Japanese actors to tell a story of family hardship and poverty. Kazuo Miyagawa is key to the the production, providing a signature look to the cinematography. There is a tension between the emotional rollercoaster of the story and the reflective nature of the scenes portrayed – I don’t want to say too more, except that even the character actors like Kikue Môri (who plays a pivotal role in the plot as a priestess) are amazing in the film.

    Warfare – I was a bit leery of watching Alex Garland’s Warfare after watching Civil War which was strong on aesthetics and emotion, but weak in terms of the creative conceits involved in making the story work. Warfare is the collective accounts of a US military unit during a two-hour fire fight. The story is told from multiple perspectives in real-time. The film captures the stress and boredom of inaction as well as what you would normally expect from this kind of film.

    Useful tools.

    Reddit Answers

    Reddit Answers – alternative to Gigabrain that I recommended back in March. Like Gigabrain, Reddit Answers looks like the kind of knowledge search product that we failed to build at Yahoo! twenty years ago (or NORA as Microsoft has been calling the concept for the past few years). Reddit Answers is powered by Google Vertex AI.

    Process online data like its peak web 2.0 all over again

    While WordPress installations come with RSS enabled as standard and is something that can then be disabled, many types of sites aren’t RSS enabled. And where they are the web devs will often disable it just because. RSS app will create an RSS feed for websites that don’t have it. This allows you to pull it into data processing using something like Pipes. RSS app starts at $9.99 per month and goes up to $99.99 a month. Pipes starts at free and goes up to $79 per month.

    The sales pitch.

    I am currently working on a brand and creative strategy engagement at Google’s internal creative agency.

    now taking bookings

    I am now taking bookings for strategic engagements in Q4 (October) – keep me in mind; or discussions on permanent roles. Contact me here.

    More on what I have done here.

    bit.ly_gedstrategy

    The End.

    Ok this is the end of my May 2025 newsletter, I hope to see you all back here again in a month. Be excellent to each other and onward into spring, and I hope you enjoyed the last bank holiday until August.

    Don’t forget to share if you found it useful, interesting or insightful.

    Get in touch if there is anything that you’d like to recommend for the newsletter.

  • Hydrogen power + more things

    Hydrogen power

    Hydrogen power and hydrogen fuel cells have been around for decades. Hydrogen power fuel cells as an invention were invented in the 19th century. The modern hydrogen fuel cell was refined before the second world war and have been used in NASA’s space programme since Project Apollo. The space programme’s use of hydrogen power inspired General Motors to create a hydrogen fuel cell powered van in 1966. By the late 1980s, BMW had developed a hydrogen-powered engine which it trialled in its 7-series vehicles a decade later.

    2016_Toyota_Fuel_Cell_Vehicle (11)

    By the mid-2010s there were four hydrogen power passenger cars using fuel cells: Honda Clarity, Toyota Mirai, Hyundai ix35 FCEV, and the Hyundai Nexo. BMW is collaborating with Toyota to launch another four models next year.

    2021 Toyota Mirai

    In addition in commercial vehicles and heavy plant Hyundai, Cummins and JCB have hydrogen power offerings. JCB and Cummins have focused on internal combustion engines, while Hyundai went with hydrogen fuel cells. The aviation industry has been looking to hydrogen power via jet turbines.

    Hydrogen power offers greater energy density and lower weight than batteries. Unlike batteries or power lines, hydrogen can be transported over longer distances via tanker. So someplace like Ireland with wind and tidal power potential could become an energy exporter.

    The key hydrogen power problem has been investment in infrastructure and an over-reliance on batteries. Batteries bring their own set of problems and a global strategic dependency on China.

    Toyota is now warning that if there isn’t imminent international investment, that China will also dominate the supply chain, exports and energy generation in the hydrogen economy as well. It feels like me reaching a historic point of no return.

    Swiss Researchers May Have Solved Hydrogen Storage | Hackaday

    Aviation industry calls for UK investment in hydrogen fuel | FT

    Hydrogen, take two | Axios What’s Next

    Hydrogen-powered drones could fly longer, farther | Axios

    The Japanese Companies Pursuing a Hydrogen Economy – The Diplomat

    Japan Recommits to the Hydrogen Society – Akihabara News

    A Chicken and Egg Problem: How Germany’s Hydrogen Boom Stalled – DER SPIEGEL

    Lex in depth: the staggering cost of a green hydrogen economy | Financial Times

    UK at risk of falling behind in race to become green hydrogen global leader, Johnson Matthey says | Business News | Sky News

    Alexander Brown on how industrial policy adds momentum to China’s push into hydrogen | Merics

    Hyundai Rolls out Big Hydrogen Truck – The Chosun Ilbo

    Japan Announces Roadmap for Hydrogen Introduction | Nikkei TechOn

    Beauty

    Skincare you can wear: China’s sunwear boom | Jing DailyA jacket with a wide-brim hood and built-in face shield. Leggings infused with hyaluronic acid to hydrate while shielding skin from the sun. Face masks with chin-to-temple coverage. Ice-cooling gloves designed to drop skin temperature. In China, UV protection apparel isn’t just functional — it’s fashionable, dermatological, and high-tech. Once a niche category for hikers or extreme sports enthusiasts, China’s sunwear market has exploded into a $13 billion category blending climate adaptation, anti-aging culture, and the outdoor lifestyle wave. While other apparel segments slow, the sunwear sector is projected to reach nearly 95.8 billion RMB ($13.5 billion) by 2026 expanding at a CAGR of 9%, according to iResearch.

    Business

    Online disrupters challenge traditional MBA providers | FT

    What’s the winning strategy in China’s “low-trust” society? – low trust driving a lack of M&A and vertical integration

    China

    China is trying to kneecap Indian manufacturing – Asia Times – China trying to starve India and the Philippines of inbound investment through coercion on Chinese and multinational companies

    Collapse of Chinese-built high rise spurs wave of anger in Thailand

    Consumer behaviour

    Have humans passed peak brain power? | FT

    Buy European: a new shopping movement takes hold | Trendwatching

    Hot girl economy | Substack

    Bachelors Without Bachelor’s: Gender Gaps in Education and Declining Marriage Rates – interesting US-focused paper, but I expect that the findings would be mirrored far more widely

    AI and the New Impostor Syndrome | Psychology Today & Overreliance on AI tools at work risks harming mental health | FT

    Culture

    An unexpected link between Hong Kong’s Louis Cha ‘Jin Yong’ and Labubu doll | South China Morning Post

    Design

    Volkswagen reintroducing physical controls for vital functions | Autocar – VW’s design chief commits to “never” repeating the “mistake” of relegating essential controls to touchscreens

    Economics

    U.S. Tariffs: China shows the Rare Earth Nuke, the Detailed Rules; EU keeps Worst Projects out; Carester’s numbers don’t tally; Victory’s Self-Defeat; and more.

    Why does Britain feel so poor? – by M. F. Robbins

    The Three Tariff Problem – by Doug O’Laughlin & American Disruption – Stratechery by Ben Thompson

    White House slams Amazon tariff price display “hostile and political” | Axios

    FMCG

    TVB News| 29 Apr 2025 | Soft meal of classic HK dishes launched for people with chewing difficulties – YouTube – Hong Kong’s aging population is promoting innovation in FMCG categories including food

    Finance

    Y Combinator founders raising less money signals a ‘vibe shift,’ VC says | TechCrunch & A quarter of YC’s latest startups are letting AI write 95% of their code | This Week In Start-ups (TWIST)

    Daring Fireball: Costco Only Accepts Visa Credit Cards

    Portrait of the Trader as a Young Rebel | Jacobin

    Gadgets

    iRobot made Roomba into an icon. Now, it’s in a huge mess – Fast Company

    Health

    China’s obesity crisis is big business | FT

    Zyn and the New Nicotine Gold Rush | The New Yorker

    Hong Kong

    MACAU DAILY TIMES 澳門每日時報Beware of Li Kashing’s supersized value trapBut as the initial excitement starts to fade, investors are growing nervous, wary of a billionaire family that has a poor track record on shareholders’ returns. The Li clan takes pride in the myriad of businesses and markets it operates in. But what kind of value-add can a diversified conglomerate offer when globalization is out of favor and geopolitical risks are on the rise? CK’s de-rating has accelerated since Trump’s first term, with the stock trading at just 35% of its book value even after the recent share bump. The complex business dealings have made enterprise valuation an impossible task. In a sign of deep capital market skepticism, CK seems to have trouble monetizing its assets. Its health and beauty subsidiary A.S. Watson is still privately-held, a decade after postponing an ambitious $6 billion dual listing in Hong Kong and London. Softer consumer sentiment in China, once a growth market, has become a drag. Last summer, CK Infrastructure did a secondary listing in the UK, hoping to widen its investor base. – Rare direct criticism of CK Hutchison’s conglomerate discount.

    Why some mainland Chinese turn their back on HK after getting top talent visas | Hong Kong Free Press

    McDonald’s Admiralty Station location just got a vibey redesign – Fast Company

    Innovation

    DeepSeek founder says China AI will stop following U.S. – Nikkei Asia

    US Weather Agency Websites Set to Vanish With Contract Cuts – Bloomberg – NOAA Research related content. Sites were housed on Google Cloud, Amazon Web Services and WordPress

    Japan

    Ghost in the Shell’s Creator Wants to Revisit the Anime, But There’s One ProblemProduction I.G’s CEO Mitsuhisa Ishikawa—who produced both Ghost in the Shell films—spoke at the event. Ishikawa revealed a key obstacle preventing a third film: finances. He explained that Innocence had an enormous budget, estimated at around 2 billion yen (approximately $13 million), with profits reaching a similar figure. However, the film was planned with a ten-year financial recovery period, and even after 20 years, it has yet to break even.

    Jargon watch

    Typing loudly, wearing AirPods: ‘taskmasking’ is how gen Z pretends to work at the office | US work & careers | The Guardian – One example of taskmasking: moving quickly though the office while carrying a laptop or clipboard – straight out of a West Wing walk-and-talk. Another example: typing loudly, like a DMV employee having a bad day, even if what you’re typing has no relevance to your job.

    The Mainframe Vocabulary Problem (And Why It Matters) | Mainframe Society

    Is DEI a Racial Slur? Rise in Term Outrages Black Americans | Newsweek

    Luxury

    Rolex, A Love-Hate Relationship – Watches of Espionage

    ‘Gucci’s 25% sales collapse should shock no one’ | Jing Daily“Gucci is so boring now.” “They’ve lost all their confidence.” “It feels desperate — just influencers and celebrities.” Comparing Gucci’s bold, visionary eras under Tom Ford and Alessandro Michele and today’s safe, uninspired iteration reveals a stark contrast. That classroom moment reflected a broader truth: Gucci’s Q1 2025 is not a temporary dip. It’s the result of a deeper structural identity crisis — arguably one of the worst brand resets in recent luxury history.

    Online

    Common Crawl – Open Repository of Web Crawl Data

    AI Overviews Reduce Clicks by 34.5% | Ahrefs

    ‘We Were Wrong’: An Oral History of WIRED’s Original Website | WIRED

    Security

    EU: These are scary times – let’s backdoor encryption! • The Register

    Rafts of Security Bugs Could Rain Out Solar Grids

    Suspected Chinese snoops hijacking buggy Ivanti gear — again • The Register – cracked VPN appliances

    An Open Letter to Third-Party Suppliers | JP Morgan Chase

    Software

    Amazon can now buy products from other websites for you | The Verge

    Technology

    China-developed EUV lithography could trial in 2025 | EE News Europe and China’s EUV breakthrough: Huawei, SMIC reportedly advancing LDP lithography, eye 3Q25 trial, 2026 rollout | DigiTimes

    IBM plans US$150 billion spend to catch quantum computing wave EE News Europe

    Thailand

    Travel and T-pop fuel Thai beauty boom in China | Jing Daily – one of the brands doing well is Mistine.

    Wireless

    How our stolen mobile phones end up in an Algerian market | The Times and The Sunday Times – interesting that they are going to Algeria rather than China

  • Careless People – A story of where I used to work by Sarah Wynn Williams

    Careless People has been a much-discussed book in the circles that I am involved in. In the book, Wynn Williams outlines her career at Facebook / Meta in what was at the time a nascent public policy team. The term careless people is a highly appropriate reference to F. Scott Fitzgerald’s The Great Gatsby.

    Careless People

    While I was reading Careless People, The Great Gatsby was having a moment. It was the 100th anniversary of The Great Gatsby’s publication, and the ‘careless people’ quote was considered apropos for the times we are living in, in particular the Trump administration’s actions.

    “They were careless people… they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made.”

    Anyway, back to Careless People, Wynn Williams outlines her experience from pitching to Facebook for a role that didn’t exist but was needed, through to navigating the global growth Facebook was undertaking at the time. The challenges that Wynn Williams faces can be broadly broken down into four areas (with specific allegations):

    • Sexism and in/out group prejudice
    • Sexual harassment (Joel Kaplan)
    • Toxic managers (Sheryl Sandberg, Elliot Schrage)
    • Poor management judgement (lying to Congress and providing assistance to authoritarian regimes)
    The money quote

    What’s interesting about the book depends on the reader. Much of the experience was relatable to my own earlier experience at Yahoo! The long days, changing priorities, travel (which was much more of a thing pre-COVID), office politics and fiefdoms, the constant unintended consequences of inventing the future. Secondly, the Facebook management have bought into what Barbrook and Cameron termed The Californian Ideology in their 1995 essay of the same name.

     “…the Californian Ideology promiscuously combines the free-wheeling spirit of the hippies and the entrepreneurial zeal of the yuppies. This amalgamation of opposites has been achieved through a profound faith in the emancipatory potential of the new information technologies.”

    However, I feel fortunate to have worked with a mature leadership who knew what they didn’t know and realised that they lived in a global village. But that might be down to the fact that Yahoo! by the time I had got there had a fair share of ups and downs.

    Careless People reminded me a lot of Barbarians Led by Bill Gates, written by Jennifer Edstrom and Martin Eller. Although they are separated by some 25 years between each being written. Both books tell the story of an imperfect organisation scaling to an opportunity— I have written about Barbarians here. Wynn Williams is the better storyteller, providing a coherent and engaging path through the narrative.

    I can recommend Careless People as a good book to read, I finished it off over a bank holiday weekend whilst nursing a sprained ankle. For people in advertising and marketing it won’t be that surprising, it confirms many things that were ‘common knowledge’ in the industry. For the general public, it will be shocking given the facts that the author marshals together.

    Would I have thought reading Accidental Empires or Barbarians Led by Bill Gates in the late 1990s that Bill Gates would have transformed from the soulless ‘borg leader’ portrayed to the voice of relative reason he is today? Probably not, there might be hope for Zuckerberg at least out of the cast of characters in the book.

    Wynn Williams is now exploring the edges of policy and artificial intelligence and is likely someone worth keeping an eye on.