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China’s tech industry is catching up with Silicon Valley | The Economist – basically Silicon Valley doesn’t look good

Publicis Groupe creates new agency for auto client | Communicate Online – Publicis takes a leave out of WPP’s book with a single purpose agency

WSJ City | Kraft Heinz looking to acquire more businesses – Kraft Heinz, which is run by executives from Brazilian investment firm 3G Capital, has earned a reputation for its efficiency. As a result, profitability has soared. But sales of its products have declined, ramping up pressure for the company to do another deal so it can start the cost-cutting process again. Rejected Again? A year ago, Kraft Heinz made a $143 billion bid for Unilever, but the negotiations fell apart after Unilever said it wasn’t a good cultural fit. – Looking at this 3G Capital the results imply offers short term profits at the expense of brand value and longer term growth