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H.E.R.O.’s Journey in Tech (23 January 2019) – The Art of Decision-Making: Your life choices aren’t just about what you want to do; they’re about who you want to be.

H.E.R.O.’s Journey in Tech (23 January 2019) – The Art of Decision-Making: Your life choices aren’t just about what you want to do; they’re about who you want to be.

Companies

  • Tencent Music Stock Upgraded: What You Need to Know (MF)
  • Apple Supplier Han’s Laser Loses Half Its Value But Foreign Funds Just Won’t Sell (Bloomberg)

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

  • Baidu Takes a Beating on Citi Price Cut, China Fears (Barron’s)
  • Tencent looks for growth after year to forget; Chinese tech group focuses on enterprise and the cloud after losing a third of its value in 2018 (FT)

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

  • Microsoft Seeks to Restrict Abuse of its Facial Recognition AI (Bloomberg)
  • DJI and Microsoft are working on AI drones that can recognize objects (TIA)
  • Apple Pay is a sleeper hit (qz)
  • Amazon Go, One Year Old, Has Attracted a Host of Cashierless Imitators (Bloomberg)
  • Netflix Flexes (Stratechery)

Asia Tech & Innovation Trends

  • Shanghai’s hotly anticipated tech board vital to China’s global financial ambitions, says top official (SCMP)
  • Hong Kong’s property surveyors just about survive the onslaught of automation in the industry … but for how long (SCMP)
  • Japan Is Getting Serious About Flying Cars; The country’s once-envied government skunk works has set its sights on speeding up the arrival of aerial taxis and trucks. (Bloomberg)
  • Toyota Finally Has the Power in Electric Cars; Bringing battery production in-house through a majority-owned venture with Panasonic is a smart move. (Bloomberg)
  • Tinder, not just a dating app in Korea (Investor)

Global Tech & Innovation Trends

  • Unicorns Are About to Chew an $80 Billion Hole in the Surface of Stocks (Bloomberg)
  • Just Eat acquires restaurant software platform Flyt for £22M (TC)
  • Logitech Raises Its Profit Outlook on Strong Gaming Market (Barron’s)
  • Viacom will buy Pluto TV streaming service for $340 million (Reuters)
  • Hedge funds push for overhaul at eBay (Reuters); EBay CEO Has a Stark Choice: Show Growth or Break Up Company (Bloomberg); Elliott Has a Point When It Comes to EBay; Marketplaces are critical to e-commerce, and the company could do more to compete with Amazon and Walmart. (Bloomberg)
  • Waymo says it will build self-driving cars in Michigan (Reuters)
  • Gene-Editing Stocks Plunge on Editas CEO Exit, Crispr Downgrade (Bloomberg)
  • Lime and Bird Raise Millions, But at Far Lower Valuations Than Hoped; Scooter startups chastened as winter weather deters travelers (Bloomberg)
  • Lam Research Supply Chain Flashing Bearish Signals Into Earnings (Bloomberg)
  • SatNav’s Fallen King Gets $1 Billion to Play With; It’s just possible that TomTom’s founders may be trying to find a way to buy the 53 percent of the company that they don’t own already (Bloomberg)
  • UPS Expands Keyless Apartment-Building Entry Started in NYC; The efficiency gains from not having to resend packages or fumble with a ring full of keys prompted UPS to extend the service to 10 other cities where high-rise residential towers are common (Bloomberg)
  • How Wall-E inspired the delivery robot coming to your city soon (FastCo)

Life

  • Life as a Work of Art (Zat Rana)
  • The Art of Decision-Making: Your life choices aren’t just about what you want to do; they’re about who you want to be. (New Yorker)
  • China Companies Suspected of Buying Own Bonds to Spur Demand (Bloomberg)
  • Hong Kong’s Billion-Dollar Plunges Highlight Share Pledge Danger (Bloomberg)
  • The Things John Bogle Taught Us: Humility, Ethics and Simplicity (NYT)
  • Detecting Opportunistic Special Items. Abstract: The frequency of special items has increased dramatically over time, offering a convenient conduit for the inappropriate classification of past, present, and future recurring expenses as non-recurring. Identifying this misclassification is especially important in light of the pervasive use of non-GAAP earnings in recent periods, as special items offer camouflage for excluded recurring expenses. Building on prior research, we propose a method for identifying the predicted level of special items, attributing any excess to opportunism, and demonstrate the importance of this partitioning for financial statement users. In particular, we provide evidence that the opportunistic portion of special items is associated with lower future earnings, cash flows, and returns. We conclude that this portion of special items is more likely to contain opportunistically misclassified recurring expenses that should have been recognized as such in prior, current, or future periods. Thus, we provide a meaningful partition of special items that should be useful to investors, analysts, creditors, auditors, and regulators, as each of these parties must assess the implications of special items. (SSRN)
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H.E.R.O.’s Journey in Tech (22 January 2019) – Bezos vs Ambani: The Billionaire Bout That Had to Happen; The Amazon founder will be fighting the battle for Indian consumers with one hand tied behind his back; Life is dhukka; Return on Courage : A Business Playbook for Courageous Change

H.E.R.O.’s Journey in Tech (22 January 2019) – Bezos vs Ambani: The Billionaire Bout That Had to Happen; The Amazon founder will be fighting the battle for Indian consumers with one hand tied behind his back; Life is dhukka; Return on Courage : A Business Playbook for Courageous Change

Companies

  • Tencent Music stock upgraded by JPMorgan and HSBC (MBW)
  • SMS Co’s medical information company MIMS expands to US, Europe through tie-up (BT)
  • Recruit Holdings’ Job board Glassdoor, announced that it has entered the Asia Pacific with the launch of localised website and mobile apps in Singapore, Hong Kong and New Zealand. (SI)
  • Machinery maker Hiwin Technologies Co (上銀) could achieve double-digit growth in annual revenue this year, with the second half of the year likely to be better than the first half (TT)
  • Kakao Pay, KT to take part in govt’s Zero Pay (Investor)

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

  • China approves third batch of video games; still no Tencent (Reuters)

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

  • Bezos vs Ambani: The Billionaire Bout That Had to Happen; The Amazon founder will be fighting the battle for Indian consumers with one hand tied behind his back. (Bloomberg)
  • Facebook’s WhatsApp limits text forwards to five recipients to curb rumors (Reuters)

Asia Tech & Innovation Trends

  • Ad for fraud-linked medical group causes uproar on Q&A site Zhihu (Technode)
  • China’s co-working operators squeezed by a lack of funding are shutting down (SCMP)
  • US government shutdown delays 20 Chinese companies’ IPO plans (KRA)
  • China Wants to Dominate the Internet; Its new geopolitical strategy is a threat to open networks. America and its allies must respond. (Bloomberg)
  • Data sharing among ‘Fourth Industrial Revolution’ goals (Japan Times)
  • Thai virtual reality startup Infofed dips its toes in game-casting; Infofed’s plan is to build e-sports into a tourism subset and encourage a new professional workforce. (KRA)
  • Indian budget accommodation unicorn OYO enters Philippine market (KRA)
  • OVO participates in Warung Pintar’s $27.5m series B round; Founded in 2017, Warung Pintar now has 1150 kiosk partners and aims at more than 5000 by end of this year. (KRA)
  • Travelstop launches in 7 markets to expand further in Asia’s business travel sector (KRA)

Global Tech & Innovation Trends

  • Invoice finance platform MarketInvoice raises $33.5M from Barclays, Santander (TC)
  • Flexciton is using AI to help factories optimise production lines (TC)
  • Kaia Health gets $10M support for AI-powered management of chronic pain (TC)
  • The challenges of moderating online content with deep learning (TNW)
  • Intel’s Tough Act to Follow; Chip-making giant faces several challenges following record-breaking year (WSJ)
  • Meal-delivery startup Munchery shuts down after raising $125.4m (MW); Just Eat CEO Quits Without Delivering the Takeaway; Plumb is leaving before his plan to build an army of delivery drivers shows signs of paying off. (Bloomberg)
  • Tesla’s real problem is that a lot of the traditional methods for cutting those costs have been tapped (FT)
  • Cofounders Of E-Payment Service Used By Netflix and Spotify Are The Netherlands’ Newest Billionaires (Forbes)
  • Qualcomm’s Stealth Program More ADAS than AV (EE Times)

Life

  • Life is dhukka (Ascent)
  • Shares of Thailand’s top hospital operator by market value and its No. 2 airline sank after the resignation of their billionaire founder, who was banned by the country’s securities regulator for share-price manipulation (Bloomberg)
  • “Attention without feeling . is only a report.” (BP)
  • Remembering Jack Bogle and Herb Kelleher, Two Great Strategists (HBR)
  • Grit + Imagination = Success (Mission)
  • Three Traits of Mission-Driven Founders (Medium)
  • The Best Entrepreneurs Are Missionaries, Not Mercenaries (HBR)
  • The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth 1st Edition (Amazon)
  • Unlocking Creativity: How to Solve Any Problem and Make the Best Decisions by Shifting Creative Mindsets 1st Edition (Amazon)
  • Game Changers: What Leaders, Innovators, and Mavericks Do to Win at Life Hardcover – December 4, 2018 (Amazon)
  • What’s Your Competitive Advantage?: 7 strategies to discover your next source of value Paperback – December 6, 2018 (Amazon)
  • Disrupt-It-Yourself: Eight Ways to Hack a Better Business—Before the Competition Does Hardcover – January 29, 2019 (Amazon)
  • Return on Courage : A Business Playbook for Courageous Change Hardcover – January 15, 2019 (Amazon)
  • Bruce Berkowitz on Analyzing Free Cash Flow; Accounting for hidden costs in a cash flow analysis (GF)

H.E.R.O.’s Journey in Tech (21 January 2019) – Welcome to 2019: The Year AI Comes Alive! + Listening to the World

H.E.R.O.’s Journey in Tech (21 January 2019) – Welcome to 2019: The Year AI Comes Alive! + Listening to the World

Companies

  • China’s Pinduoduo reports theft of online discount vouchers to police (Reuters)
  • Ctrip eyes Europe amid rising domestic competition (Technode)
  • Nintendo Rebounds as Optimistic Signs Emerge After a Brutal Year (Bloomberg)
  • Afterpay buy now pay later rival Zip favoured by investor Philip King of Regal (AFR)

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

  • Tencent weighing bid for holding company behind Korea’s Nexon: sources (CNA)

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

  • Don’t Blame Amazon for the Retail Apocalypse (Barron’s)
  • Netflix will regulate its content in India. It swears that’s not a bad thing (CNN); Netflix Sees Fortnite as a Bigger Rival Than HBO (Bloomberg)

Asia Tech & Innovation Trends

  • Ctrip chairman James Liang backs start-up that helps parents find play dates for their young ones; Moremom aims to help ease the pressures of child-rearing in China with app that matches play dates (SCMP)
  • Why the integrator strategy can work for AI startups despite challenges (TIA)
  • E-tailers are struggling to cure Indians of cash-on-delivery addiction (qz)

Global Tech & Innovation Trends

  • Welcome to 2019: The Year AI Comes Alive! (RG)
  • Trucking Companies At War Over This New Niche Of E-Commerce Delivery (ZH)
  • Smart Glasses, Neural Computers, Self-Driving Cars: What’s “The Next Big Thing” After Smartphones (ZH)

Life

  • What Mary Oliver can teach us about handling criticism with grace (qz)
  • Hong Kong’s recent mysterious US$4.8 billion stock plunge underscores risk in world’s 4th-largest equity market (SCMP)
  • Listening to the World (On Being)
  • The Third Self: Mary Oliver on Time, Concentration, the Artist’s Task, and the Central Commitment of the Creative Life (BP)

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)

H.E.R.O.’s Journey in Tech (18 January 2019) – Why Appen is only now becoming a tech company; New policy puts revenue squeeze on China’s payments giants Tencent & Alibaba who must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks

H.E.R.O.’s Journey in Tech (18 January 2019) – Why Appen is only now becoming a tech company; New policy puts revenue squeeze on China’s payments giants Tencent & Alibaba who must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks

Companies

  • Maoyan Entertainment, China’s biggest online movie ticketing platform, is seeking to raise as much as $345 million in a Hong Kong initial public offering. (Bloomberg)
  • Apple Supplier Nidec Issues Profit Warning, Blames Weak Chinese Demand; ‘I’ve been a manager for almost half a century, but this is the first time I’ve seen such a large single-month drop in orders for us,’ CEO says (WSJ)
  • Line Bets Mizuho and Nomura Could Help Open 78 Million Wallets (Bloomberg)
  • Fifth-generation iPad mini coming in the first half of 2019, says Taiwan suppliers; GIS is like to provide the touch system for over 40 percent of new iPad devices in 2019 (AI)
  • Afterpay shares soar after strong US launch (AFR)
  • Why Appen is only now becoming a tech company (AFR)
  • Carsales CEO Cameron McIntyre wants half his business to be global (AFR)
  • Atlassian surges after joining billion dollar club in ‘ripper’ second quarter (AFR)
  • Bravura, The $900m Aussie fintech winning big from wealth management (ID)

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

  • Baidu seeks to play catch up in mobile app race with bet on world’s most-watched TV show (SCMP)
  • Alibaba and Tencent dominate China new economy deals as market cools to lowest level in three years (SCMP); China’s Tencent and Alibaba hit the brakes after dealmaking binge; Weaker macro environment could increase internet giants’ reliance on investment income (FT)
  • New policy puts revenue squeeze on China’s payments giants; Starting this week, non-bank payments companies must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks (TC); China’s payment companies can no longer collect interest on transfers (Technode)
  • WeChat’s new candy to lure corporate clients: customised “red envelopes” (KRA)
  • Game of Thrones Is Coming to Phones in China, Thanks to Tencent (Bloomberg)
  • Taiwan Semiconductor: wafer wobbles; Investors rely on chipmaker’s tech prowess to pull it through but it could be difficult (FT)
  • The most powerful person in Silicon Valley; Billionaire Masayoshi Son–not Elon Musk, Jeff Bezos, or Mark Zuckerberg–has the most audacious vision for an AI-powered utopia where machines control how we live. And he’s spending hundreds of billions of dollars to realize it. Are you ready to live in Masa World? (FastCo)

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

  • Google is buying Fossil’s smartwatch tech for $40 million (TC)
  • Microsoft to launch its biggest AI, IoT lab in Shanghai1 min read (Technode)
  • Apple reportedly looking to subsidize Watch with Medicare plans (TC)
  • Apple’s Guidance on Its Services Revenue Left Analysts With More Questions; The iPhone maker’s services business got a boost from new accounting rules, but some analysts and investors didn’t catch the change (WSJ)
  • Amazon investors want it to quit selling facial-recognition tech to the government (CNN)
  • Netflix’s Strategy Is Growth, So It Can’t Have Growing Pains; It has to have rapid expansion to distract from a big cash bonfire and looming IOUs. (Bloomberg)

Asia Tech & Innovation Trends

  • Chinese AI unicorn Megvii bets $300 million on smart logistics1 min read (Technode)
  • China steps up push to nurture cybersecurity companies to support digitisation of economy (SCMP)
  • India’s Ola is adding a monthly billing option for its ride-hailing customers (TC)
  • Mirae Asset, Naver invest W56b in Indonesian e-commerce unicorn (Investor)
  • Classplus: Classroom confidential; The startup makes it easier for tutors to manage students and assignments through an app (Forbes)

Global Tech & Innovation Trends

  • Former Facebook engineer picks up $15M for AI platform Spell (TC)
  • OrCam’s MyMe uses facial recognition to remember everyone you meet (TC)
  • VC funding of cybersecurity companies hits record $5.3B in 2018 (TC)
  • Nike’s auto-laced future; Nike’s Adapt BB shoe has utility for pros, but is also a lens into a connected future (TC)
  • The Attention Economy Is a Malthusian Trap; Big tech companies now trade at one of the smallest premiums in history. (Atlantic)
  • All the startups the PayPal Mafia have invested in since 1995 (qz)
  • ServiceNow CEO John Donahoe Wants Clients to Embrace Digital Transformation (Barron’s)
  • Why This Venture Capitalist Believes Uber Is a Better Bet Than Lyft (Fortune); What Investors Should Know Before Uber and Lyft Go Public (Barron’s)
  • The gadgets of the future know everything wrong with you right now (CNN)
  • Niantic valued at almost $4bn as it arms for AR war (FT)
  • Driverless Cars Tap the Brakes After Years of Hype; Developers take a more cautious, low-key approach in testing and talking about autonomous vehicles after Uber crash (WSJ)
  • Fidelity looks to AI as the future of portfolio management and asset selection (SCMP)
  • Cool Tech or Meaningful Disruption? The Dilemma Of The Venture Investor (Forbes)

 

Life

H.E.R.O.’s Journey in Tech (17 January 2019) – Koh Young Technology Highlighting Expanded Inspection Capabilities at IPC APEX EXPO 2019 + Hermann Hesse on Solitude, the Value of Hardship, the Courage to Be Yourself, and How to Find Your Destiny

H.E.R.O.’s Journey in Tech (17 January 2019) – Koh Young Technology Highlighting Expanded Inspection Capabilities at IPC APEX EXPO 2019 + Hermann Hesse on Solitude, the Value of Hardship, the Courage to Be Yourself, and How to Find Your Destiny

Companies

  • Sanan Optoelectronics, China’s biggest maker of chips for light-emitting diodes, tumbled by the 10 per cent daily limit in Shanghai trading amid mounting scepticism about the company’s accounting authenticity (SCMP)
  • Trend Micro shows way to hack RF-controlled industrial machines (ITW); Trend Micro’s Researchers-Hackers Take Control Of Giant Construction Cranes (Forbes); Trend Micro Research Uncovers Security Risks Facing Connected Industrial Machinery (FP); Trend Micro and Tesla Partner for Automative Security Competition (MO)
  • Koh Young Technology Highlighting Expanded Inspection Capabilities at IPC APEX EXPO 2019 (iconnect)
  • TCI’s “integrated bioscience design” (IBD) come up with proprietary ingredients to differentiate itself across a product line addressing everything from sleep promotion and weight loss to countering depression and skin ageing. (Forbes)
  • Samsung Publishing Co., which owns a 25 percent stake in the producer of the “Baby Shark” viral YouTube song, surged by the 30 percent daily limit (Bloomberg)
  • Kakao Mobility’s woes over carpooling service expected to linger (Investor)

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

  • Sale of WeChat accounts prompts concern over fraud (Technode)

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

  • Apple will likely tackle these three big healthcare challenges next (FastCo)
  • ‘They Own the System’: Amazon Rewrites Book Industry by Marching Into Publishing; The retail giant, the world’s largest public company, commands an unrivaled customer base for the books, e-books and audiobooks it publishes (WSJ)
  • Alexa gets a professional ‘newscaster’ voice for reading the day’s news (TC); How Alexa knows the difference between a breaking window and a wine glass (CNN)
  • After four years, Microsoft may unveil HoloLens 2 next month (TNW); Microsoft Target Lifted as Morgan Stanley Touts Software Stocks (Bloomberg)
  • Nvidia refocuses on PC graphics competition (Digi Times)

Asia Tech & Innovation Trends

  • China’s push for technology self-reliance faces reality check, says economist; Large number of key component suppliers to Chinese tech companies are foreign (SCMP)
  • How blockchain can save Chinese bike-sharing firms from the pitfalls of selfishness (SCMP)
  • EVs and online marketplaces thrive despite slump in Chinese car sales (TC)
  • Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ in India sell online (TC)
  • With regulatory change, Korea’s internet-only banks to see ownership shift, new players (KH)
  • Bukalapak raises new round to accelerate platform innovation (KRA)
  • Baby product review site Tell Me Baby attracts Chinese investment (AFR)
  • India’s ecommerce crackdown upends big foreign players; Walmart and Amazon braced for impact of new rules designed to aid smaller retailers (FT); India’s online sales to take $46bn hit from e-commerce curbs: PwC (Nikkei)
  • What excites me most is that we have a profitable unicorn: Rishi Khosla (Forbes)
  • Singapore’s Grab Can’t Afford to Fail Finance Test; The ride-hailing firm wants to be a regional super-app offering everything from food to insurance. So does Indonesia’s Go-Jek. (Bloomberg)
  • What Tokopedia does to ensure high quality customer relations management; Tokopedia believes that the spirit of customer service should not be limited to only the members of its customer care team (e27)
  • Indonesia’s Unicorn Charge Makes the Rupiah Tremble; The success of the country’s online retailers could be too much of a good thing if it causes the trade deficit to widen. (Bloomberg)

Global Tech & Innovation Trends

  • The New Technology Coming to a Car Near You, and How to Invest In It (Barron’s)
  • We’ve Entered a World of Digital Risk We’re Only Beginning to Understand (Barron’s)
  • Here’s How VMware Is Adapting to a Cloud World (Barron’s)
  • Byju’s Acquires Osmo for $120 Million in U.S. Education Push (Bloomberg)
  • These Two Chip Stocks Could Rise in a Semiconductor Downturn (Barron’s)
  • While its total audience may have declined from its peak in 2016, ‘Pokémon Go’ has retained a loyal core of players (FT)
  • BeMyEye acquires Streetbee, a Russian crowdsourcing and image recognition provider (TC)
  • Fiserv to Acquire First Data in $22 Billion All-Stock Deal; Transaction combines two companies that focus on payments and financial-services technology (WSJ)
  • Maybe WeWork Is Just a Real Estate Business (Bloomberg)
  • Swiss Data Backup Startup Veeam Raises $500 Million; The fundraising is the latest massive investment for a data management company. (Bloomberg)
  • Yelp Investor Says Shares Could Almost Double, Urges Changes (Bloomberg); Yelp investor SQN says shares could surge to $55-$65 (Reuters)
  • As Auto Makers Embrace AI, CIOs Become Team Players (WSJ)
  • Japanese and Israeli Business Leaders Collaborate on AI-Powered Industry 4.0 ; International Partnership Will Develop AI Applications Such as Industrial Vehicles (PRNW)
  • IAC sues Tinder co-founder, escalating fight over valuation (Reuters)
  • Riding the RV revolution, Outdoorsy fuels up with $50 million in fresh funding (TC); Irwin Jacobs Defends Qualcomm Licensing; Testimony spans CDMA, 3G, and LTE eras (EE Times)
  • Semiconductor leaders see combined market share swell; the top-5 semiconductor suppliers accounted for 47% of the world’s semiconductor sales in 2018, up 14pp from 10 years earlier. (Digi Times)

Life

  • Hermann Hesse on Solitude, the Value of Hardship, the Courage to Be Yourself, and How to Find Your Destiny (BP)
  • Samuel Andrews: The Man With the Billion Dollar Ego (FS)
  • John C. Bogle, Founder of Vanguard Group, Dies at 89; Bogle’s campaign to cut fees put him squarely into a U.S. tradition of iconoclastic discounters (WSJ); Bogle gave individual investors the power to triumph over Wall Street; A chance discovery in 1949 led the Vanguard Group founder to champion shareholders as his life’s purpose (MW)
  • Bill Gates: The Best Investment I’ve Ever Made (WSJ)
  • Being Of Service In Whatever You Do (LinkedIn)

H.E.R.O.’s Journey in Tech (16 January 2019) – Info Edge: Getting the job done; Naukri.com has worked wonders for the company. But can its success be replicated at the its other ventures? + AOM Podcast #473: The Solitude of a Fire Watcher + Lazy Prices by Lauren Cohen et al

H.E.R.O.’s Journey in Tech (16 January 2019) – Info Edge: Getting the job done; Naukri.com has worked wonders for the company. But can its success be replicated at the its other ventures? + AOM Podcast #473: The Solitude of a Fire Watcher + Lazy Prices by Lauren Cohen et al

Companies

  • Another Xiaomi Stock Sale Adds to $31 Billion Rout (Bloomberg)
  • Trend Micro Increases Commitment To Secure The Connected World at Pwn2OwnT 2019 (BW)
  • Chin-Poon cautious about automotive PCB demand in 2019, citing unfavorable global trade conditions and a slowdown in demand for emerging applications such as electric vehicles and ADAS (Digitimes)
  • Kakao likely to show strong growth this year (Investor); Kakao puts carpool beta service on hold indefinitely (Investor)
  • Info Edge: Getting the job done; Naukri.com has worked wonders for the company. But can its success be replicated at the its other ventures? (Forbes)
  • Hub24, Netwealth and Praemium are benefiting from a structural shift in fund flows away from the big banks towards smaller operators due to advancements in digital technology and regulators putting to an end to the “vertical integration” model used by the big banks (MF)
  • Semiconductor veteran Ricky Lee back for S$13.2m IPO; Grand Venture provides manufacturing solutions and services for the semiconductor, analytical life sciences, electronics and other industries (BT)

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

  • China’s social app to rule them all wants to judge you for your purchases; Tencent has a new social credit system tied to WeChat Pay (Abacus); WeChat blocks three social networking challengers within one day (Technode); Tencent Bolsters Enterprise Business With Siri-Like Assistant And WeChat Add-Ons (Forbes)
  • Tencent plugs holes, and boosts profits, with 163 new investments; In the third quarter, Tencent’s profit increased 30 per cent mainly due to gains from investment-related items (SCMP)
  • Alipay now supported in Beijing prisons (Technode)
  • Alibaba’s ‘City Brain’ is slashing congestion in its hometown (CNN)
  • The way SoftBank invests in startups just doesn’t work, says Khosla Ventures’ Keith Rabois (Recode)

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

  • Facebook to invest $300 million to help local news survive (Reuters, Axios)
  • Instagram tests tapping instead of scrolling through posts (TC)
  • AWS makes another acquisition, grabbing TSO Logic (TC)
  • Fund Manager: Why Amazon Could Double (Barron’s)
  • Smart assistants talking their way into every gadget in our homes (Age)
  • Microsoft and Walgreens Team Up to Fight a Common Rival: Amazon (Barron’s)
  • Apple, Intel Persuade U.S. Patent Office to Enter Qualcomm Fight (Bloomberg)
  • This Apple Analyst Has a Prescription for the Company’s Woes (Barron’s)
  • Netflix reaps the dividends of its dominance (Reuters); Netflix’s Simplicity Is Its Secret Weapon; Sure, it spends like crazy, but its product is deceptively appealing. (Bloomberg); Netflix Raises Prices on All of Its Subscription Plans; The streaming service’s most popular plan will increase to $13 a month, while the basic plan will go up to $9 (WSJ); Netflix raises prices to stockpile for the streaming wars; Netflix CEO Reed Hastings is facing a growing collection of competitors, from Amazon to Disney. (Wired)
  • Google Loon Balloon Web Service Taps Board to Lift Business (Bloomberg)

Asia Tech & Innovation Trends

  • China’s Ke.com tops list of Asia’s fastest growing tech companies (Nikkei)
  • ai launches ride-hailing platform for autonomous vehicles (Technode)
  • Everybody Wants to Be the Next Elon Musk (at Least in China) (SCMP)
  • China’s Insta360 shoots high with one of the world’s best 360 cameras, taking on GoPro and Ricoh; Insta360 has received plaudits for its innovative software features and easy-to-use app (SCMP)
  • AI startup Horizon Robotics to raise $600 million in Series B funding (Technode)
  • American Express acquires Japan-based restaurant booking service Pocket Concierge (TC)
  • Mobility services platform operator SoCar receives W50b funding from VCs (Investor)
  • No more games on TV: Streaming services replacing TVs in sports broadcasts; Changing viewer trends, easier access boost streaming services’ presence in sports broadcasts; lack of funds, infrastructure remain major barriers (KH)
  • Conference app leader Symflow to break even this year (Investor)
  • Grab forays into SEA’s digital insurance space as part of superapp goal; The launch of the insurance platform is part of the company’s goal of becoming an everyday “superapp” in the region. (KRA, TC)
  • India Wants Access to Encrypted WhatsApp Messages; Country makes a new attempt to constrain global tech giants (WSJ)

Global Tech & Innovation Trends

  • Airbnb says profitable for two straight years amid IPO talks (Reuters)
  • Workforce management solution Quinyx raises further $25M (TC)
  • Bringg, a delivery logistics platform used by Walmart, McD’s and more, raises $25M~ (TC)
  • iPhone On Rails: How Finnish Elevator Maker Kone Is Using Technology To Reach The Next Floor (Forbes)
  • Why Salesforce And Workday Joined The $33 Million Raise For A Procurement Software Startup (Forbes)
  • Lyft has provided 30,000 autonomous rides since its trial service began in Las Vegas last May (SCMP)
  • Software Maker PagerDuty Files Confidentially for IPO (Bloomberg)
  • In CEO Search, Intel Still Hasn’t Found What It’s Looking For (Bloomberg); Will Headless Intel Woo AMD’s Lisa Su? (EE Times)
  • Semiconductor Demand Outlook Is Worsening, Says Morgan Stanley (Barron’s)
  • Banking Is Part of WeWork’s Future (Barron’s)
  • Venture-Capital Money Is Flowing Like It’s 1999 (Barron’s)
  • NBA Inks Billion-Dollar Deal With Maker of 2K Videogame; Agreement is more than double the value of the partners’ previous licensing deal for sports games (WSJ)
  • The bogan cartoon business taking on Dreamworks and Disney (Age)
  • Industry must rein in spend on electric, self-driving cars: Magna CEO (Reuters)
  • Nike’s big bet on the future of connected shoes; Nike’s new $350 Adapt BB shoe doesn’t just collect data about your training. It adapts itself to fit your foot at a moment’s notice. (FastCo)
  • Knock Raises $400M To Simplify Home Buying (Crunchbase)
  • What separates leaders from laggards in the Internet of Things (McKinsey)
  • Addiction to a Language-Learning App Can Be Good for You; Duolingo learns from gaming companies how to keep users coming back. (Bloomberg)

Life

  • Podcast #473: The Solitude of a Fire Watcher (AOM)
  • Lazy Prices. Using the complete history of regular quarterly and annual filings by U.S. corporations from 1995-2014, we show that when firms make an active change in their reporting practices, this conveys an important signal about future firm operations. Changes to the language and construction of financial reports also have strong implications for firms’ future returns: a portfolio that shorts “changers” and buys “non-changers” earns up to 188 basis points in monthly alphas (over 22% per year) in the future. Changes in language referring to the executive (CEO and CFO) team, regarding litigation, or in the risk factor section of the documents are especially informative for future returns. We show that changes to the 10-Ks predict future earnings, profitability, future news announcements, and even future firm-level bankruptcies. Unlike typical underreaction patterns in asset prices, we find no announcement effect associated with these changes–with returns only accruing when the information is later revealed through news, events, or earnings–suggesting that investors are inattentive to these simple changes across the universe of public firms. (SSRN)
  • How to Make Money Trading: Hack Into SEC, Peek at 157 Secret Earnings Reports (WSJ)
  • When It’s Time To Do Something (Morgan Housel)
  • The Founder’s Guide to Discipline: Lessons from Front’s Mathilde Collin (FR)
  • What Sweetgreen Can Teach Startups About Scaling Intimacy (FR)
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