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H.E.R.O.’s Journey in Tech (22 December 2018) – ‘Canada’s Warren Buffett’ Drives His Own Pickup Truck: On the road with billionaire Jim Pattison

H.E.R.O.’s Journey in Tech (22 December 2018) – ‘Canada’s Warren Buffett’ Drives His Own Pickup Truck: On the road with billionaire Jim Pattison

Companies

  • Line Man, the assistant service under Line Thailand, expects online ordering and delivery to become mainstream by 2023, thanks to urbanisation and the digital lifestyle. (BP)
  • Sony’s turnaround will be an activist casting call (Reuters)
  • Foxconn plans $9bn China chip project amid trade war (Nikkei)
  • Info Edge invests more in ed-tech startup NoPaperForms (VCC)

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

  • Baidu Maps tests traffic alarm for emergency services (Technode)

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

  • ‘Kill your foster parents’: Amazon’s Alexa talks murder, sex in AI experiment (Reuters); Here’s How Amazon’s Alexa Hooks You (SUP)
  • Nvidia’s 54 percent plunge this quarter makes it the biggest loser in S&P 500 (CNBC)

Asia Tech & Innovation Trends

  • Chinese bike-sharing startup Ofo went global. Now it may go bust (CNN)
  • Short video app Kuaishou doubles down on domestic e-commerce (Technode)
  • HNA Group is in discussions to sell Ingram Micro, one of America’s largest distributors of personal computers and other technology products, for $7.5 billion (Nikkei)
  • What Will Happen to Chinese Solar Stocks as Beijing’s Support Dims? (Barron’s)
  • AI head hunting service “scouty” raised 300 million yen (Techcrunch)
  • Japan’s Farmnote, developer of wearables and SaaS for dairy cows, raises $3.5M (Bridge)
  • SoftBank’s Vision Fund nearing $1.5 billion investment in SE Asia’s Grab: source (Reuters)
  • Woowa Brothers becomes ‘unicorn’ after raising US$320m (Investor)
  • Indonesian e-wallet OVO sees 75 times transactions growth in 2018 amidst local mobile payment momentum (KRA)
  • Singapore’s RedDoorz Is Building A Standard For Business And Domestic Travel Across Southeast Asia (Forbes)
  • India’s Biometric Feat: Big Boon or Big Brother? (WSJ)

Global Tech & Innovation Trends

  • How apps like Fitbit, Waze, and Duolingo use gamification in their design (TNW)
  • Existential education error: Failing to train students on software (Techcrunch)
  • California lets self-driving startup Zoox offer autonomous rides (Reuters)
  • The Competitive Landscape of AI Startups (HBR)
  • Zynga buys Empires & Puzzles gamemaker in largest deal to date (Reuters)
  • As FAANG stocks falter, fund managers make bets on survivors (Reuters)
  • Twilio Is Up 400% Since Its IPO and That Provides Hope for the Unicorns (Barron’s)
  • What’s Next for Silicon Valley? Our VC Roundtable Points the Way (Barron’s)
  • Why Investors Should be Wary as the Unicorns Finally Seek IPOs (Barron’s)
  • Chat Startup Discord Tops $2 Billion Valuation; The company plans to spend $150 million to move into new areas, including selling videogames online (WSJ)
  • Online clothing retailers hunt for better fit to cut costly returns (Reuters)
  • Payment Stocks Are Poised for a Sunny 2019 (Bloomberg)
  • Delivery Businesses Had A Good 2018. What’s Next? (Bloomberg); Delivery Hero Divests German Business To Dutch Rival As Food Delivery Matures (Crunchbase)
  • com Pushes the Limits of SoftBank’s Approach (Bloomberg)
  • The Sinclair POCO: Build your own and start gaming (Reuters)
  • How Fortnite Triggered an Unwinnable War Between Parents and Their Boys; The last-man-standing videogame has grabbed onto American boyhood, pushing aside other pastimes and hobbies and transforming family dynamics (WSJ)
  • SEC Goes After Robo Advisers for the First Time; Wealthfront Advisers and Hedgeable misled customers, agency says; they will pay $250,000 and $80,000, respectively, to settle claims (WSJ)

Life

  • ‘Canada’s Warren Buffett’ Drives His Own Pickup Truck: On the road with billionaire Jim Pattison. (Bloomberg)
  • The Laws of Human Nature with Robert Greene (Kaufman)
  • How to Motivate Yourself to Do Things You Don’t Want to Do (HBR)
  • The Value of Everything: Making and Taking in the Global Economy Hardcover – September 11, 2018 (Amazon); Mariana Mazzucato on who creates value (FT)
  • New PCAOB rules direct auditors to pay more attention to addressing potential management bias in accounting estimates such as fair-value measurements and goodwill which involve subjective assumptions by managers (WSJ)
  • Goodwill Impairments Continue to Climb Despite Strong Economy; U.S. companies slashed $35.1 billion in goodwill from their balance sheets last year, with 2018 on track to exceed those totals (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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