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H.E.R.O.’s Journey in Tech (14 August 2018) – Firms create value through purpose — a moral or spiritual call to action

H.E.R.O.’s Journey in Tech (14 August 2018) – Firms create value through purpose — a moral or spiritual call to action.

Companies

  • Lifull Home’s launches 3D property listings (AIM)
  • China Literature Ltd., the e-books business spun off by Tencent Holdings Ltd., tumbled as much as 15% since its IPO after agreeing to buy New Classics Media from its controlling shareholder for as much as 15.5 billion yuan ($2.3 billion). Analysts are skeptical of the New Classics acquisition in part because one Tencent affiliate is buying another one at a price that may benefit the parent company. It’s also not clear the acquisition makes strategic sense for China Literature (Bloomberg)
  • Tencent-Backed Chinese EV Maker Seeks $1.8 Billion U.S. IPO (Bloomberg)
  • How Story of Yanxi Palace’s back-stabbing imperial concubines helped China’s iQiyi set a viewership record (SCMP)
  • Sunny Optical faces cloudy outlook as shares head for biggest fall in 11 years on profit miss and yuan depreciation (SCMP)

  • Trouble With COGS Hits Foxconn’s Profit Machine; Many component suppliers are hurting from higher prices. Some are winning. (Bloomberg)

  • NCSoft’s Q2 operating profit up 325% to W159.5b (Investor); NCSoft to repurchase W237.5b stocks (Investor)

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

  • People’s Daily article calls for mobile payments companies to tighten consumer protection measures (SCMP)
  • Alibaba: The BABA 20-F….Financial Comedy Gold!! (DT)
  • How Tencent used ‘micro-innovation’ to make WeChat a success (TIA)
  • Tencent Drops After China Shuts Down PC Game Following Debut (Bloomberg, Reuters, WSJ)

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

  • Amazon’s new cloud feature helps businesses avoid traffic crashes (CNN)
  • YouTube: how vloggers became the new Oprah Winfreys; Some web stars make millions of dollars, but the stress of creating daily content can take its toll (FT); YouTube Offers Cash If Stars Stump for New Features (Bloomberg)
  • Google’s DeepMind To Create Product to Spot Eye Disease; Clinical trial next for DeepMind project with U.K.’s Moorfields Eye Hospital (Bloomberg)
  • Nvidia rolls out new chip technology for filmmakers (Reuters)

Asia Tech & Innovation Trends

  • How China’s mobile leasing platforms have made renting a home cheaper (SCMP)
  • Former Tokyo-based engineer emerges as big winner from China’s love affair with the QR code; Beijing Inspiry Technology Co. is among companies cashing in on the shift to smartphone-based mobile payments in China (SCMP)
  • Hospitals in Japan turn to high-tech to treat language barriers; Multilingual AI service among new offerings to help staff deal with foreigners (Nikkei)
  • Three Indonesian tech unicorns unite to back digital insurance startup (Techcrunch)
  • India Looks to Curb U.S. Tech Giants’ Power; Draft rules call for companies to store local user data in India and make it accessible to government (WSJ)
  • India tech companies turn to AI-powered recruitment (Nikkei)
  • India’s budget hotel network OYO moves into wedding banquet services (Techcrunch)
  • How This Google-Backed Startup Cracked The Code To Hyper Convenience In India (Forbes)
  • Azendian Solutions applies data science with human touch to keep employees sane (Edge)

Global Tech & Innovation Trends

  • Tech Giants Pledge to Ease Patient, Provider Access to Health Data; Promise seen as opportunity to bring on data-driven revolution in health care (WSJ)
  • How Box Conquered the Enterprise and Became a $1.7 Billion Company in a Decade (PH)
  • Understanding Truecaller’s Growth Model and how to Launch in New Markets (Medium)
  • Roomi Wants to Help You Avoid Rooming With Sketchy Strangers (Bloomberg)
  • Silicon Valley’s Unicorn Elite Are Sitting on $60 Billion in Untapped Wealth (Bloomberg)
  • How a Billion-Dollar Autonomous Vehicle Startup Lost Its Way; Troubles at lidar company Quanergy point to difficulties in a highly-hyped industry. (Bloomberg)
  • AI raises $8M to use artificial intelligence to improve call centers (Techcrunch)
  • Jack Dorsey: Twitter Is ‘Thinking About Values’ to Adopt (Barron’s)
  • Snapchat’s users slide in latest setback for social media (Australian)
  • The Co-Founders of Wish Are Now Billionaires (Bloomberg)
  • After Tesla Buyout Tweet, Some Investors Wonder: Where Was Nasdaq? Elon Musk’s ‘financing secured’ buyout tweet last week touched off 80 minutes of frenzied trading before Nasdaq called a halt (WSJ)
  • Market’s Too Tough on Microchip (Morningstar)
  • Banks and Retailers Are Tracking How You Type, Swipe and Tap (NYT)

Life

  • 6 key lessons from Elad Gil’s High Growth Handbook (Reforge)
  • 7 of Apple’s Top Execs Tell You How They Approach Feedback at Work (MA)
  • What’s the Purpose of Companies in the Age of AI? Firms create value through purpose — a moral or spiritual call to action. (HBR)
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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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