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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

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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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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