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H.E.R.O.’s Journey in Tech (19 January 2019) – Chinese drone maker DJI uncovers corruption, sees $150 million loss; SaaS stocks are coming back to life

H.E.R.O.’s Journey in Tech (19 January 2019) – Chinese drone maker DJI uncovers corruption, sees $150 million loss; SaaS stocks are coming back to life

Companies

  • China’s largest online ticketing site lowers IPO ambition; Maoyan Entertainment looks to raise $345m, down from $1bn target six months ago (FT)
  • NetEase to limit the amount of time China’s youth spend gaming (Technode)
  • As Xiaomi Shares Sink, a Russian Investor Is Still Up $1 Billion (Bloomberg)
  • ID Technologies and Getac Announce Partnership to provide mission-focused, secure solutions to support the unique and complex requirements of the U.S. Department of Defense. (BW)
  • Booming payments business Afterpay Touch has seen sales on its platform more than double in the latest half to $2.2 billion, as it stepped up its expansion both domestically and into the massive United States market.(Age); Afterpay wants to break free of Millennial stereotype (AFR)
  • Reliance Industries Ltd. will roll out its online shopping platform to 1.2 million retailers and store-owners in western India, starting on an ambitious plan to take on Amazon.com Inc. and Walmart Inc.’s Flipkart on its home turf. (Bloomberg)

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

  • Alibaba to Postpone Some Hiring and Cut Travel Spending (Bloomberg)
  • Alibaba doubles down on enterprise transformation with A100 program (Technode)
  • Bytedance’s Snapchat clone isn’t a WeChat killer. But Tencent should worry (Technode)
  • With a Billion Users, Tencent Faces Middle Age. That’s a Worry for the Stock. (Barron’s)
  • A WeChat program shows when people on a credit blacklist are near you (TIA)
  • How Softbank’s Massive Vision Fund Shares Profits-and Losses (Bloomberg)

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

  • Amazon built an electronic vest to improve worker/robot interactions (TC)
  • Alphabet’s Verily scores FDA clearance for its ECG monitor (TC)
  • Microsoft is calling an audible on smart speakers (TC)
  • Is Google an evil genius? Big Tech does not control its users, however much it may want to (Economist)

Asia Tech & Innovation Trends

  • Chinese drone maker DJI uncovers corruption, sees $150 million loss (Reuters)
  • China education platform lands $255m from Warburg Pincus, others (TIA)
  • Pearl Abyss works on mobile game for Samsung’s foldable smartphone (Investor)
  • South Korean smart solutions firm BIStel says Made in China 2025 upgrading is why it plans to invest more (SCMP)
  • Paytm partners with Zomato to enable in-app food ordering (TC)
  • Warburg Pincus Bets On Vietnamese Mobile Payment Market Leader Momo’s Series C (CB)

Global Tech & Innovation Trends

  • SaaS stocks are coming back to life (TC)
  • Zipwhip raises $51.5M for businesses to text customers from any kind of phone line (TC)
  • Whyd now helps companies create their custom voice assistant (TC)
  • Sony’s venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. (TC)
  • Technology is changing how we grow old and die (CNN)
  • Infor Gets $1.5 Billion Investment and Looks Toward IPO (Barron’s)
  • Spotify to release voice-controlled music player for cars; Streaming group hopes to push into hardware with new entertainment device (FT)
  • Electronic Arts and Activision Are Struggling to Survive a Fortnite World (Barron’s); Fortnite outplays media titans in a battle royale (Reuters)
  • Luxury online reseller The RealReal in talks with banks for IPO: sources (Reuters)
  • Industrial Exoskeletons Give Workers a Lift; Ford, Boeing, Toyota and others are equipping workers with wearable devices that enhance strength and endurance. “Iron Man”-style powered suits could be next (WSJ)
  • A Silicon Valley Startup Blames the Trade War for Going Bust (Bloomberg)
  • Consumer giants spurn risks to chase online subscribers (Reuters)
  • Airbnb Has Held Talks to Buy Hotel Tonight; A deal would give the home-sharing company more inventory and help it move into hotel bookings (WSJ)
  • General Contracting Startup Pro.com Secures $33M Series B, Adds Redfin To Board (CB)

Life

  • The Bright and Dark Sides of Optimism and Pessimism (Medium)
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