4 minutes estimated reading time
No easy fix for Chinas massive foreign reserves | SCMP – Chinas massive foreign reserves surplus presents a similar challenge to what Japan faced in the 1970s and 1980s. China massive foreign reserves will likely be used to try and reinforce its existing hegemony. We are already seeing state banks giving mobile network providers negative interest loans to buy Huawei equipment, software and services. Funds will be made available for sovereign debt capture, strategic technology acquisitions and undermining the US dollar as a defacto word reserve currency. This means that US treasury bonds will be less attractive to China. It also explains why it has laid the foundation for a ‘Euroyuan’ market alongside the ‘Eurodollar’ market in the financial district of London. (paywall)
Richemont H1 profits down 23pc – Luxury Daily – looking at this they were hit by a slowdown in APAC and the increase in Japanese sales tax
China’s 24-hour online shopfest explodes into life with $2 billion spent in first hour | Techinasia – 11/11 is remembrance day in many western countries but in China it is singles day, a made up festival to drive online sales
Foreigners buying from Japan get free stuff?! But not all buyers are impressed | Rocketnews – the UK is too cynical and jaded
Michael Douglas | Canali – I love this content that Canali have done with Michael Douglas
Masque Attack: All Your iOS Apps Belong to Us | FireEye Blog – iPhone users, enterprises are a security weak spot for you
Obama says FCC should reclassify the internet’s regulatory status – Vox – this is huge. Seriously.
Meet Shingy, AOL’s “Digital Prophet” | The New Yorker – how the fuck haven’t I managed to blag a job like that?
Uber is recruiting 50,000 veterans as drivers | The Verge – the sub header is ‘are they being taken for a ride’ as sub prime Uber driver debt mounts
HKTV eyes second test after problems in first round | Hong Kong Economic Journal Insight – reading this gives you an appreciation of how much of an achievement the likes of RTE Player and BBC iPlayer achieve
A major misconception about Facebook visibility – Campaign Asia – tips: mirror audience language and semantics, have opinions
We’re seeing a very different Microsoft — Gigaom Research – a very different Microsoft: one that is willing to partner, willing to accept the new economics of mobile, and learning how to coax customers to its web services with premium features instead of absolutist tactics.
Juniper shrinks its MX monster router onto a USB stick • The Register – really interesting development, I wonder what’s the minimum hardware it could run on?
Tech giants who encrypt comms are unwittingly aiding terrorists’, claims ex-Home Sec Blunkett – odd the way this is a consistent message from politicians, it feels like softening up for regulation in the UK that will look more like China’s harmonising the internet. It could be good for PRs involved in reputation management – only a matter of time before censorship is a service purchased like media relations. Expect innovation and digital competitiveness to suffer as the UK loses out to other EU countries. Google HQ in Germany or Ireland anyone?
prosthetic knowledge — ABB Robots Katana Fight – we’ll look back on this clip as history when we’re all cut down to size by katana wielding terminators
Adidas China Social Campaign Report | Resonance China – interesting work done including trying to encourage behavioural change amongst groups of young women’s social interactions in the real word – positioning sport as a competitor activity to spa treatments, eating out or shopping
‘Smart factories’ could revolutionize production | Shanghai Daily – interesting move as China tries to move up the value chain and deal with the demographic time bomb
Parallel car imports | Shanghai Daily – interesting action. This will be competition for imported and made-in-country but foreign brands of cars like Mercedes. Will the parallel cars be looked after by the dealer networks? I remember in the UK, BMW disliked servicing parallel imported cars from Belgium and other countries
Middle East authorities are cracking down on audio that gets you “high” | Quartz – like something straight out of a William Gibson novel
GT Bankruptcy Provides Rare Look at Apple’s Relationship With Suppliers | Re/code – can imagine ‘put on your big boy pants’ being quoted in business schools for years to come
CBSN – Live Streaming Video News Channel – CBS News – interesting direct from TV to online transfer of news, I wonder if the ad revenues will stack up? More media related content here.