H.E.R.O.’s Journey in Tech (10 August 2018) – When the disruptor becomes the disrupted: Seek co-founder Andrew Bassat on what happens when you get complacent + Warren Buffett’s Biggest Wins & Fails

H.E.R.O.’s Journey in Tech (10 August 2018) – When the disruptor becomes the disrupted: Seek co-founder Andrew Bassat on what happens when you get complacent + Warren Buffett’s Biggest Wins & Fails


  • Flea market operator Mercari in search of new hit services; Former Japanese unicorn sinks deeper into the red on heavy US spending (Nikkei); After Mercari: Japanese asset managers see new era in venture capital investing (Reuters)
  • Chatty multilingual robot assists guests at hotels in Japan; AI-infused ‘Unibo’ set to guide foreign tourists as 2020 Tokyo Olympics nears; The robot has found a home at tour operator I.S’s Henn-na Hotels, where it has been a hit since being introduced in April (Nikkei)
  • Japan Triathlon Union is working with Weathernews ‘s Sports Weather Team to use meteorological data for sporting events, (Mainichi)
  • Apple supplier Pegatron mulls India facility amid trade tensions; Taiwan company considers expansion outside China, warns of market uncertainty (Nikkei)
  • When the disruptor becomes the disrupted: Seek co-founder Andrew Bassat on what happens when you get complacent (SmartCo)
  • LiveTiles signs Microsoft AI partnership as its growth rate soars (AFR)

BATTSS – Baidu, Alibaba, Tencent, TSMC, Softbank, Samsung

  • Alibaba scouting firms to feed apps; Thailand seen as strategic for supply (BP)
  • Tencent to merge Doctorwork with Trusted Doctors to build its online and offline medical network in China; Tencent Doctorwork has been developing its AI and big data capabilities in partnership with hospitals and clinics across the country (SCMP)
  • Tencent merges medtech investees to build an online-to-offline medical network (KRA)
  • Spotify shares turn up on Samsung partnership (FT)
  • WeWork gets another US$1 billion from SoftBank – this time in the form of convertible notes (SCMP)
  • Cyberattack on iPhone chipmaker exposes big tech’s vulnerability; TSMC and industry peers race to overhaul security to fend off WannaCry virus (Nikkei)

FAANNMG – Facebook, Amazon, Apple, Nvidia, Netflix, Microsoft, Google

  • Facebook adds quirky Messenger games to video chats (CNN)
  • The next stop on Amazon’s journey toward world domination is your car (qz)
  • Google’s New Facial Recognition Patent Wants To Stalk Your Social Media (CBI)

Asia Tech & Innovation Trends

  • Chinese mobile game-makers made more than $600 million in the US market in the first half of 2018 (Technode)
  • What China’s history of overseas tech IPOs says about the current wave; The number of Chinese tech IPOs is expected to rise in the near future in Hong Kong and the US (e27)
  • Japan’s ‘mad scientists’ pursue a cyborg-friendly future: An emerging scientific field seeks to combine living tissue with metals and plastics (FT)
  • Why Osaka Is Becoming The Hottest Spot For Startups In Asia (Forbes)
  • Musical.ly investor bets on internet radio with $17M deal for Korea’s Spoon Radio (Techcrunch)

Global Tech & Innovation Trends

  • Yelp Sees Boost in New Accounts, but Revenue Growth Is Uncertain (Barron’s)
  • Megamergers are not a silver bullet for success; The answer for incumbents in any industry is to embrace the model of the disrupter (FT)
  • Bots vs. Trolls: How AI Could Clean Up Social Media; Many tools exist that could help identify bad actors on social media. There’s just no consensus on how to use them. (WSJ)
  • The Battery Pioneer Who, at Age 96, Keeps Going and Going; John Goodenough strives to ‘transform the battery world’ with a second breakthrough in speed and capacity (WSJ)
  • Fraudsters using Shopify to scam people, and critics say the company isn’t doing enough to stop them; It’s dead simple for a criminal to set up a fake storefront using Shopify’s software; getting one up and running takes minutes (FP)
  • Naspers creates new video on demand unit as Netflix rivalry heats up (Reuters)


  • Warren Buffett’s Biggest Wins & Fails (Visual)

  • The 5M’s: How Emergence Evaluates Series A Pitches: Learn why Management, Market, Metrics, Moat and the M-Factor are all that matters. (Emcap)
  • Natural Maniacs. There is a thin line between bold and reckless, and you only know which is which with hindsight. (Morgan Housel); Why Great Success Can Bring Out the Worst Parts of Our Personalities (HBR)

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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