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H.E.R.O.’s Journey in Tech (9 November 2018) – Koh Young Technology Celebrates Delivery of 13,000th Inspection System + I Can’t See Berkshire’s Bottom Line: A new accounting rule makes it difficult for investors to make sense of annual reports.

H.E.R.O.’s Journey in Tech (9 November 2018) – Koh Young Technology Celebrates Delivery of 13,000th Inspection System + I Can’t See Berkshire’s Bottom Line: A new accounting rule makes it difficult for investors to make sense of annual reports.

Companies

  • From unicorn to reality, Mercari searches for the magic; Flea market app turns in $24.6m loss to nervous investors (Nikkei)
  • Xinhua News Agency debuts AI anchors in partnership with search engine Sogou (SCMP)
  • Ctrip Isn’t the Last Stop for China’s Troubled Train; The writing is on the wall for big-name tech stocks as consumers pull back. (Bloomberg)
  • Short Bets Mount on Tencent-Backed China Food Delivery Giant (Bloomberg)
  • Lenovo’s Profit Beat Came From Accounting Gains; The PC maker’s balance sheet is the main reason why earnings came in higher than expected. (Bloomberg)
  • Online Gamers Snap Back in Hong Kong With More Wild Moves (Bloomberg)
  • Korea’s top game firms post disappointing Q3 earnings (Investor); NCSoft hopes to shoot ahead with new mobile games next year (Investor); Nexon invests in Swedish game company (Investor)
  • Koh Young Technology Celebrates Delivery of 13,000th Inspection System (iconnect)
  • Iress today announced that CMC Markets Institutional, a leading provider of liquidity solutions used by many banks, brokerages, funds and dealing desks across the globe, has adopted its order management system. (FE)
  • Delta Electronics showcasing CNC-based smart machine tools at TMTS 2018 (Digitimes)
  • Trade war hastens key Apple supplier Pegatron’s shift from China (Nikkei)
  • Facebook launches Australian used car listings, partners with Carsales (Age)
  • Revenue Group shares rise 4% on partnership deal with Public Bank Bhd (Msia)

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

  • Baidu Leads Asian Borrowers in Search for Bond Buyers (WSJ)
  • Alibaba Goes International to Hit New Singles’ Day Record (Bloomberg); Ten years of Singles’ Day, China’s ridiculously huge shopping festival (qz)
  • Tencent Stops Flogging the Dead Horse of Old Titles; Marketing growth was outpacing revenue following China’s crackdown on games. The latest turn is sensible. (Bloomberg)
  • Tencent to Check All Gamers’ IDs by 2019 in Unprecedented Move (Bloomberg)
  • Did Samsung’s Bixby just beat out Siri, Alexa and Google? (AFR); Foldable Phones Are a Chance for a Tired Industry; Samsung has announced a potentially disruptive innovation. Now it’s important not to mess it up. (Bloomberg)

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

  • Google thinks seriously about a subscription model (AFR)
  • Nvidia’s New Graphics Cards Could Be Slow to Take Off (Barron’s)

Asia Tech & Innovation Trends

  • Over 10 million users make extra income on Kuaishou (Technode)
  • Tech Haunts Hong Kong’s Stocks as Earnings Start to Fall Short (Bloomberg)
  • China’s Tech Fortunes Tumble As Investors Turn Away From Public Listings (Forbes)
  • Douyin’s monthly active user numbers soar higher to 400m (KRA)
  • China Steel Website Drops Dual-Class Structure for IPO (Bloomberg)
  • China’s drone makers zero in on armed forces; Military expected to absorb any excess capacity in fast-growing industry (FT)
  • Billion-dollar tech startups hold promise for China’s economy; Four cities provide greenest pastures for burgeoning number of unicorns (Nikkei)
  • Travel activities startup KKday lands investment from Alibaba and Line (Techcrunch)
  • Parking parking share “akippa” exceeded 1 million members, started from a sales company with 0 engineers (Techcrunch)
  • This Diwali, here’s how Gujarat traders made e-commerce firms suffer; The traders are ordering expensive items and returning them, claiming that by doing so, they are forcing online retail companies to take a hit on packaging and courier (BS)

Global Tech & Innovation Trends

  • Andreessen Horowitz leads $154 million investment in corporate travel startup TripActions, at over $1 billion valuation (VB); New Tech Unicorn TripActions Aims to Bring AI to Business Travel (Bloomberg)
  • At Disney, It’s a Whole New Messy Kingdom; A streaming service, a megamerger and consumer confusion all come with a price. (Bloomberg); Disney’s Iger Plots Online Future With a Little ‘Star Wars’ Help (Bloomberg)
  • AMD Chief Lisa Su Aims to Take Massive Market Share From Intel (Barron’s)
  • Square Stock Dives on Disappointing Profitability Guidance (Barron’s)
  • ANGI Homeservices Rises as a New CEO Prepares to Step In (Barron’s)
  • Yelp Tumbles After Warning That Growth Will Continue to Slow (Bloomberg); Yelp: under review; Flexible contracts add to cost of sales (FT)
  • Zillow: realty check; Overhaul of business model was well conceived and poorly executed (FT)
  • Germany must close digital technology gap, Merkel ally says (Reuters)
  • Israeli cybersecurity firm Coronet partners with Dropbox (Reuters)
  • Here Comes ‘Smart Dust,’ the Tiny Computers That Pull Power from the Air; A world covered in sensors that don’t require batteries is near at hand (WSJ)

Life

  • The three traits Microsoft CEO Satya Nadella looks for in leaders (qz)
  • I Can’t See Berkshire’s Bottom Line: A new accounting rule makes it difficult for investors to make sense of annual reports. (WSJ)
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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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