H.E.R.O.’s Journey in Tech (23 October 2018) – Nidec, Schaeffler Vie for $1 Billion Asia Component Firm + How to Get 1% Better Every Day

H.E.R.O.’s Journey in Tech (23 October 2018) – Nidec, Schaeffler Vie for $1 Billion Asia Component Firm + How to Get 1% Better Every Day

Companies

• Nidec, Schaeffler Vie for $1 Billion Asia Component Firm (Bloomberg)
• China’s Spy-Tech Star Hikvision Needs Some Covert Help; Subsidies from Beijing are playing a bigger role in earnings amid a backlash against the surveillance industry. (Bloomberg)
• Tencent-Backed Travel Agency Tongcheng-eLong To Raise $1B In HK IPO (CMN)
• A post-IPO interview with China’s fourth largest internet company: Meituan remains optimistic amidst growing competition. (KRA)
• Loss-making Online property conveyor PEXA readies for $2b float (Age)
• Securemetric to raise RM17m from IPO (Star)

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

• Apple Could Become a Multibillion-Dollar Ad Business. Here’s How (Barron’s)
• As Amazon Grows ‘Go’ Stores, Here’s Who Could Benefit (Barron’s)
• com, Qualcomm to put Alexa assistant in more headphones (Reuters)
• Money for nothing: copyright law, YouTube, and the future of music [Part II] (FT)
• Netflix adds to growing debt pile with $2 billion bond issue (Reuters)

Asia Tech & Innovation Trends

• Chinese travel platform Mafengwo denies faking reviews after social media storm (SCMP)
• PandaTV says its not dead and will file for an IPO this year (Technode)’Made in China 2025′: world’s biggest auto market wants to be the most powerful maker of electric cars (SCMP); Shenzhen’s all-electric bus fleet is a world’s first that comes with massive government funding (SCMP)
• China’s Uber for Trucks Is Said Close to Up to $1 Billion Round (Bloomberg)
• E-learning platform 17smile wins more than 10 million RMB in Series A+ by serving teachers not schools; As long as the teacher has a WeChat account, a ‘class’ can be registered and announcement can be made. (KRA)
• The bankruptcy of a major Chinese rented-flat operator backed by Xiaomi founder Lei Jun has highlighted the inherent risk of the previously high-flying sector’s heavy reliance on debt-fuelled growth (SCMP)
• China’s peer-to-peer lending system may effectively vanish in the next year. (Barron’s)
• How Asia can drive the technology revolution in property and construction (SCMP)
• GrabFood regional head Tomaso Rodriguez: Food delivery is the key pillar in path to profitability; Food delivery is the key pillar in Grab’s strategy and path to profitability. (KRA)
• An alternative history of silicon valley disruption (Wired)

Global Tech & Innovation Trends

• A spikier world for innovative start-ups beckons; The venture-capital game is evolving with deals declining even as their value rises (FT)
• Can Germany survive the ‘iPhone moment’ for cars? The country’s profitable carmakers are being hit quicker than expected by the adoption of electric vehicles and diesel bans (FT)
• PayPal: cash out; Digital payments company’s stock needs a youthful kick (FT)
• The unlikely winner of China’s gaming crackdown? US platform Steam, at least for now (SCMP)
• Why Basecamp still runs three completely different versions of their software (Hacker Noon)
• How Lucidchart grew to 13 million users on land-and-expand strategy (Freshworks)
• Jeff Weiner Explains The Most Important Challenge For Tech In The Next 25 Years (Linkedin)

Life

• How to Get 1% Better Every Day (James Clear)
• Hemingway, a Lost Suitcase, and the Recipe for Stupidity (Farnam Street)