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H.E.R.O.’s Journey in Tech (4 December 2018) – Here’s Why Hong Kong’s Stock Market Makes Some Investors Nervous: Sudden stock plunges, Nefarious networks, Director diligence, Post-IPO flips, Low liquidity, Repeat rights issues

H.E.R.O.’s Journey in Tech (4 December 2018) – Here’s Why Hong Kong’s Stock Market Makes Some Investors Nervous: Sudden stock plunges, Nefarious networks, Director diligence, Post-IPO flips, Low liquidity, Repeat rights issues

Companies

  • Tencent Music presses play on $1.2 billion U.S. IPO (Reuters)
  • Twitter of China Weibo eyes expansion to overseas ‘Chinese-speaking world’ (SCMP)
  • Pinduoduo, the Chinese platform known for fake products now has a clone Pinshaoshao (TIA)
  • Personal data from 30 million users of China’s top dating app Momo is reportedly being sold for as little as RMB 200 (around $30). (Technode)
  • Qutoutiao: Earn after reading: China news app lures with clickbait and cash (Reuters)
  • Cashless service provide Revenue Group Bhd is expected to make inroads into Myanmar early next year. (Star)
  • ‘Love-hate relationship’: Retailers hit by the Afterpay effect (Age)

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

  • WhatsApp is now betting on Indian primetime television to fight fake news (Qz)
  • Apple, Samsung Feel the Sting of Chinese Phone Vendors (Barron’s)
  • Apple Will Wait Until at Least 2020 to Release a 5G iPhone (Bloomberg)
  • An Amazon revolt could be brewing as the tech giant exerts more control over brands; Some companies are choosing to end their relationship with Amazon rather than cave to the online retailer’s demands. (Recode)
  • Alphabet’s DeepMind AI Algorithm Wins Protein-Folding Contest (Bloomberg)

Asia Tech & Innovation Trends

  • The impact on investors when Chinese internet companies venture abroad (AFR)
  • Focus remains on US, China race for AI supremacy at Fortune tech event as investors eye future winners (SCMP)
  • Hong Kong travel site Klook to enter Japan market in 2019 (Nikkei)
  • TikTok gives Chinese advertisers a trick to target Gen Z; Seconds-long video app provides a rabid audience of users in teens, 20s (Nikkei)
  • The IT rollercoaster in India (Forbes)
  • Aussie app store for AI Unleash Live raises $4.75m (AFR)

Global Tech & Innovation Trends

  • Paywall for HuffPost? Verizon Hunt for Web Revenue Goes Beyond Ads; Oath media unit at the wireless carrier to focus on e-commerce and paid subscriptions to content (WSJ)
  • Sensata Stock Could Pick Up as Auto Exposure Falls (Barron’s)
  • Elastic Software Founder Doubles Wealth in 60 Days to Become Billionaire (Bloomberg)
  • Would-Be Unicorn Seeks to Undercut Banks With Secure Cloud (Bloomberg)
  • The Same Tech Companies Killing Print Ads Are Buying Print Ads (Bloomberg)
  • Netflix, Prime, Blue Apron: How subscription businesses are taking over; Everything you purchase-from transportation to entertainment to groceries-will soon come with a monthly plan, says Zuora CEO Tien Tzuo. (FastCo)

Life

  • Here’s Why Hong Kong’s Stock Market Makes Some Investors Nervous: Sudden stock plunges, Nefarious networks, Director diligence, Post-IPO flips, Low liquidity, Repeat rights issues (Bloomberg)
  • Jack Ma, founder of Alibaba, said that few companies grow bigger and better because many of them only believe in gambling on popular tech and business ideas (Technode)
  • Farnam Street: Love, Happiness, and Time (FS)
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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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