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H.E.R.O.’s Journey in Tech (11 October 2018) – Altium Disrupts PCB Design + Delisting of 23 Chinese firms due to accounting fraud etc in Korea costs investors W270b

H.E.R.O.’s Journey in Tech (11 October 2018) – Altium Disrupts PCB Design + Delisting of 23 Chinese firms due to accounting fraud etc in Korea costs investors W270b

Companies

  • Uniqlo-owner Fast Retailing to invest $885 mln in warehouse automation and teams up with logistics firm Daifuku (Reuters)
  • China Lithium King Tanks in Hong Kong Debut Amid Stocks Rout (Bloomberg)
  • Altium Disrupts PCB Design (EEJ)

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

  • Tencent’s Worst Investment Has Been Its Own Shares; The Internet giant has lost an annualized 85 percent over the course of its six-week-long buyback adventure. (Bloomberg)
  • Tencent VC Arm Is Said to Seek a New Fund of Over $650 Million (Bloomberg)
  • SoftBank in danger of over-WeWorking itself (Reuters); WeWork and SoftBank Need Each Other; One of these companies enjoys growth, the other has money. Both are heavily reliant on faith. (Bloomberg)

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

  • The Battle for the Home (Stratechery)
  • Apple to buy part of supplier Dialog’s business in $600 million deal (Reuters)
  • Apple streaming-TV service to be free for device users: report (MW)
  • Chipmaker Nvidia to supply computer for Volvo’s upcoming vehicles (Reuters); Nvidia aims to woo business analysts with new software (Reuters)

Asia Tech & Innovation Trends

  • China’s grip on electronics manufacturing will be hard to break; Will the supply chain bifurcate, between East and West? (Economist)
  • Music education platform Finger wins RMB 100 million Series B to expand into offline market; Finger, launched in December 2015, offers online courses of more than ten instruments. (KRA)
  • Chinese lidar maker RoboSense raises US$45m in biggest fundraising round among local peers (SCMP)
  • Education, enterprise-oriented services and AI are recession resistant: says the investor behind Didi & Ofo Allen Zhu (KRA)
  • Infographic | GGV on investing education tech startups (KRA)
  • Snapdeal 2.0 faces a new world order in Indian e-commerce (qz)
  • Bridestory launches Parentstory, an online marketplace for kids activities (e27)
  • Go-Jek and its tech expansion strategy in SEA; How Go-Jek uses a feedback loop process to build and collate data to understand consumers needs and launches 18 verticals. (KRA)
  • Online payments still a challenge for Southeast Asia’s tech players (SCMP)

Global Tech & Innovation Trends

  • Zuora Plans a Partnership With Amazon Pay (Barron’s)
  • Boss Talk: Slack’s CEO Wants to Unshackle You From Email; Slack, valued at $7 billion in a recent fundraising round, has resisted going public-though that could change; Stewart Butterfield talks about how he works (WSJ)
  • The untold story of Stripe, the secretive $20bn startup driving Apple, Amazon and Facebook; Patrick and John Collison have democratised online payments – and reshaped the digital economy in the process (Wired)
  • Walmart Cuts Online Video Deals in Bid to Become Entertainment Hub; Retail giant teams up with MGM and a video startup in its rivalry with Amazon; first up is a remake of ‘Mr. Mom’ (WSJ)
  • Snap Is Making a Big Bet on Grabbing Eyeballs With Original Content (Barron’s); Snapchat announces new scripted shows to win over users (Reuters)
  • Uber’s Junk Bond Is an Entree to the Main Event (Bloomberg)
  • Tech’s $900 Billion Rout Is Price of Earnings Becoming Ordinary (Bloomberg)
  • Chipmaker Micron to invest $100 million in artificial intelligence companies (Reuters)

Life

  • Delisting of 23 Chinese firms due to accounting fraud etc in Korea costs investors W270b (Investor)
  • A proposal by HKSE that listed companies suspend share trading immediately if auditors refuse to give their financial statements a clean bill of health could lead to an increase in tensions between firms and auditors (SCMP)
  • Hong Kong markets watchdog to sue 60 companies and individuals for corporate fraud in first half of 2019 (SCMP)
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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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