H.E.R.O.’s Journey in Tech (24 October 2018) – As BTS Conquers the World, K-Pop Firms Flop on the Stock Market + The Mental Habits of Effective Leaders: Farnam Street’s Interview with Jennifer Garvey Berger

H.E.R.O.’s Journey in Tech (24 October 2018) – As BTS Conquers the World, K-Pop Firms Flop on the Stock Market + The Mental Habits of Effective Leaders: Farnam Street’s Interview with Jennifer Garvey Berger


  • Trend Micro rebrands endpoint security offering (CL)
  • Nintendo Switch is headed to school (CNN)
  • Chinese orders dry up for Japan’s machine tools; September bookings drop 22% as factories brace for trade war impact (Nikkei)
  • Loss-making BabyTree marches on for listing hearing with the Hong Kong bourse (KRA)
  • As BTS Conquers the World, K-Pop Firms Flop on the Stock Market (Bloomberg)
  • Redbubble buys US competitor TeePublic for $57 million (AFR)

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

  • Baidu to debut simultaneous machine translation in latest challenge to Google; Baidu system claims to be first with ‘anticipation capabilities and controllable latency’ The AI model is trained with data including similar sentence structures (SCMP)
  • China’s Gaming Green Channel Was Just a Loophole; Most of the damage from halting approvals had been done. The latest development is merely an annoyance. (Bloomberg); China Halts Special Approval Process for New Games (Bloomberg)

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

  • Amazon Branded Women’s Apparel Sales Languish, Report Finds (Bloomberg)
  • Amazon Pitches Facial Recognition to Monitor Immigrants (Bloomberg)
  • Apple plans to launch TV subscription service globally: The Information (Reuters)

Asia Tech & Innovation Trends

  • Chinese Employee Training Platform Yunxuetang Raises $50M Series C Round From YunFeng Capital (CMN)
  • ByteDance ambitions in e-commerce continues with new social commerce app XinCao for younger consumers; Shortly after the release of e-commerce platform Zhi Dian, ByteDance now offers a new social commerce app called Xin Cao (KRA)
  • Tech Guru Bets Drones Will be `Gold Rush in the Air’ For Japan (Bloomberg)
  • Grab CEO courier stunt is disheartening; When Anthony Tan became a delivery man, he found lots of little problems, but ignored Grab’s fundamental issue (e27)
  • Southeast Asian tech hubs race to become the next Silicon Valley (Nikkei)
  • Billions of dollars have not helped Indian e-tailers figure out AI and big data (qz)

Global Tech & Innovation Trends

  • Uber’s Secret Restaurant Empire; The incredible growth of the food delivery business has led to some unconventional arrangements. (Bloomberg)
  • MoviePass Is Getting Ditched by Its Parent Company (Barron’s)
  • ‘Alexa, Buy That Stock.’ TD Ameritrade Is Offering Voice-Activated Trading. (Barron’s)
  • GM’s driverless car bet faces long road ahead (Reuters)
  • Artificial Intelligence Faces Age-Old IT Challenge: Data Standardization; ‘AI starts with data, and if the data is lousy … ‘ (WSJ)
  • Mobileye Opens Up Driverless Tech as Tie-Up With Intel Deepens (Bloomberg)
  • Payments are just the starting point for Instamojo, but does it have what it takes to evolve into a full stack online commerce enabler? (Forbes)
  • The Story of Markets Told Through Semiconductors; What appeared to be a selloff in cyclical stocks prompted by fears over the economy may actually be more benign. (Bloomberg)
  • Here’s How Saudi Cash Could Bring on the Global VC Crash; If startups and investors balk at the kingdom’s money, funding could grind to a halt. Just the possibility is powerful enough to end the party. (Bloomberg)
  • Web performance software company Cloudflare readies IPO -sources (Reuters)
  • Wealthfront to offer automated financial planning tool for free (Reuters)
  • This driverless tech start-up aims to replace 15 million truckers in US and China (SCMP)


  • The Mental Habits of Effective Leaders: My Interview with Jennifer Garvey Berger [The Knowledge Project Ep. #43] (Farnam Street)

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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