As Chinese consumers become thrifty amid an economic slowdown, Insider Intelligence forecasts just 9.1% increase in e-commerce sales in 2022, lowest since 2008 (Shen Lu/Wall Street Journal)

Maria Deutscher / SiliconANGLE:
Gartner forecasts public cloud spending will grow 20.7% to $591.8B in 2023, including SaaS spending up 16.8% to $195.2B and PaaS spending up 23.2% to $136.4B  —  Worldwide spending on public cloud services will grow 20.7% in 2023, to $591.8 billion, according to a new Gartner Inc. forecast released today.

Olivia Poh / Bloomberg:
Google, Temasek, and Bain report: Southeast Asia online spending will rise ~20% in 2022 to $200B, down from 38% in 2021, as digital adoption growth normalizes  —  Growth in Southeast Asia’s internet economy is slowing after years of expansion, showing that even emerging digital markets aren’t immune to economic headwinds.

Bettina Makalintal / Eater:
Instagram food photography is becoming more realistic, driven by generational changes, more diverse food creators, and a frustration with the curation culture  —  The food blogger aesthetic has given way to something more realistic and DIY: Laissez-faire Instagram food is here

Che Pan / South China Morning Post:
Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees amid weaker sales due to China’s COVID-19 lockdowns and slower consumer spending  —  Chinese smartphone giant Xiaomi, which has an ambitious goal of unseating iPhone maker Apple from the No 1 spot globally by 2024 …

Spencer Soper / Bloomberg:
Insider Intelligence projects US online sales to rise just 9.4% to $1T in 2022, the first single-digit YoY growth, including slower Amazon sales, up 9% to $400B  —  Amazon.com Inc. sellers are bracing for a bleak holiday shopping season as inflation-bitten consumers curb their spending.

Wall Street Journal:
How Twitter users in China have been circumventing the nation’s Great Firewall and fighting spam to get footage of protests out to the rest of the world  —  Chinese users employ VPNs to get videos and images out of the country, while fighting spam  —  Why Tesla’s China Ties Could Be a Problem for Twitter