H.E.R.O.’s Journey in Tech (8 September 2018) – Sinbon Electronics hits record sales for the sixth consecutive month + The current tech bubble is a Chinese import: A raft of tech IPOs have arrived on U.S. shores from China, with minimal operating histories and convoluted corporate structures
September 8, 2018 Leave a comment
H.E.R.O.’s Journey in Tech (8 September 2018) – Sinbon Electronics hits record sales for the sixth consecutive month + The current tech bubble is a Chinese import: A raft of tech IPOs have arrived on U.S. shores from China, with minimal operating histories and convoluted corporate structures
Companies
- Jinri Toutiao rival Qutoutiao reduces IPO financing volume by nearly 50% (Technode)
- Universal Scientific Industrial (Shanghai) Co., which makes Wi-Fi modules for products such as Apple Inc.’s iPhone, expects earnings to improve in 2019 as the squeeze from surging component costs and lackluster shipments eases. (Bloomberg)
- Mechanical motion control component and industrial robot maker Hiwin Technologies posts strong August revenues (Digitimes)
- Leica Geosystems has selected Getac’s fully rugged ZX70 Android tablet for the new Leica Zeno GG04 Plus Tablet package, designed for utilities, public services, transportation and construction. (GPSW); Getac sees August revenues increase 17% on year (Digitimes); Toledo police have selected Getac to provide 305 body cameras for all field officers after technical problems with previous cameras led to their return (MJN)
- Cable assembly and connector maker Sinbon Electronics has reported consolidated revenues of NT$1.471 billion (US$47.9 million) for August, hitting a record for the sixth consecutive month with growth of 3.18% sequentially and 21.07% on year (Digitimes)
BATTSS – Baidu, Alibaba, Tencent, TSMC, Softbank, Samsung
- Alibaba Invests Undisclosed C1 Round In Chinese Mobile Phone Recycling Firm Huishoubao (CMN)
- Alibaba’s Jack Ma to retire as chairman on Monday (Nikkei)
- Goldman Sachs, Tencent Leads $450M In Chinese Fresh Produce E-Commerce Platform MissFresh (CMN)
- After just a few weeks, WeChat’s new challenger is fading away (TIA)
Asia Tech & Innovation Trends
- The current tech bubble is a Chinese import: A raft of tech IPOs have arrived on U.S. shores from China, with minimal operating histories and convoluted corporate structures (MW)
- Thailand’s aCommerce to go for IPO in 2020; expansion to Vietnam on the anvil (e27)
- Lippo tycoon looks to young-gun grandson to build digital empire; Mochtar Riady’s heir apparent, John Riady, makes mark in Indonesian e-payments (Nikkei)
- Food fight! The battle for the food delivery market; With so many players battling it out, is the food delivery business model viable? (BT)
Global Tech & Innovation Trends
- The Story of Box: A Unicorn’s Journey to Public Success (Barron’s)
- How E*Trade CIO Faces Obstacles to Agile; ‘It’s all well and good until you run into cultural barriers,’ Lance Braunstein says (WSJ)
Life
- Why great leaders seek out uncomfortable truths; Individual and group biases make us blind to risks and our own weaknesses. (MT)
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