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H.E.R.O.’s Journey in Tech (21 March 2019) – Asian gaming companies face disruption from likes of Google; Next-generation cloud-based gaming will change the face of the industry; Asian gaming market accounted for 45%, or close to $44 billion, worth of the global industry in 2017

H.E.R.O.’s Journey in Tech (21 March 2019) – Asian gaming companies face disruption from likes of Google; Next-generation cloud-based gaming will change the face of the industry; Asian gaming market accounted for 45%, or close to $44 billion, worth of the global industry in 2017

Companies

  • Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs (TC); Tencent Music hits low pitch after first earnings report exposes costs (Reuters)
  • ‘Everything app’ Meituan Dianping tumbles as end of lock-up nears; Tencent-backed group has posted widening losses on higher costs (FT)
  • Investors fret about Xiaomi’s game plan, sending shares tumbling; Investors worry about Xiaomi’s ability to transition into higher-profit segments (SCMP)
  • Struggling Meitu lays off 30% of its employees (KRA)
  • Toei Animation Denies ‘Dragon Ball Super’ Return, Insider Stand Firm On Its Comeback (BTC)
  • Citadel Group: signs contracts with RAH and University of Melbourne; CHARM platform goes live (KKM, AN)
  • Fundies take a look at ASX-hopeful ReadyTech’s backers (AFR)

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

  • Tencent seeks new growth in year of transition as consumer businesses mature (SCMP)
  • What is WeChat’s dream? WeChat founder Allen Zhang explains (WC)
  • Samsung expects tough 2019 as memory segment stalls (Nikkei)

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

  • What Facebook needs to learn from WeChat’s group-chat pains (Technode)
  • Instagram Is Asking for PayPal’s Help to Improve Its Shopping Experience (Barron’s)
  • What Facebook’s Privacy Pivot Could Mean for Its Stock (Barron’s)
  • Google’s new gaming service will let game makers use rival clouds, executive says (Reuters); What latency feels like on Google’s Stadia cloud gaming platform (TC); Google throws down clear challenge to gaming world; New video game streaming service has potential to upend $135bn industry (FT); Google Just Showed Us the Future of Gaming; Data centers could make individual game consoles obsolete (Medium)
  • How to book train tickets in India straight from the Google Pay app (TNW)
  • Teams, Microsoft’s Slack competitor, says it’s signed up over 500k organizations, adds whiteboard and live events support (TC)
  • Amazon (sub)Prime? How commingling has contaminated Amazon inventory and paved the way for a huge lemon problem. (FT)
  • Netflix Stock Could Keep Surging Because It Truly Is a Global Company (Barron’s)

Asia Tech & Innovation Trends

  • The China Tech Bubble Is Dead. Long Live the China Tech Bubble; Offshore private equity funds struggled to compete with a wave of onshore money. Now it’s retreating, and the water looks more inviting. (Bloomberg)
  • What makes China a tough yet exciting market for SaaS (TIA)
  • PicsArt hits 130 million MAUs as Chinese flock to its photo editing app (TC)
  • Smart speakers in China are learning dialects (KRA)
  • ByteDance shifts attention to live broadcasting business with its new centralised platform; ByteDance is making moves to amp up revenues from its live broadcasting businesses (KRA)
  • Tencent-backed Kwai launches new app to go after Douyin’s core users (KRA)
  • Ping An acquires Lenovo Smart Medical to help digitalize hospitals (KRA)
  • Asian gaming companies face disruption from likes of Google; Next-generation cloud-based gaming will change the face of the industry (Nikkei)
  • Japanese-led AnyMind raises $8m for AI ads in Bangkok stations (Nikkei)
  • Race is on for tech companies like Grab, Ant Financial to gain an edge in SE Asia’s financial services market (SCMP); Grab vs. Go-Jek: Inside Asia’s Battle of the ‘Super Apps’; The rival ride-hailing services are now dueling to deliver everything from groceries to mortgages to Southeast Asia’s middle class. (Fortune)
  • Indonesian mobile wallet Ovo adds mutual funds investment feature; The move extends Ovo services beyond payment (KRA)
  • Thailand’s mobile-only bank challenges millennials to save (Nikkei)

Global Tech & Innovation Trends

  • The Venture-Capital Bubble Is Going to Burst (Barron’s)
  • Postmates’ newest feature is like Uber POOL for food delivery (TC)
  • How Podcasts Learned to Speak; The once useless-seeming medium that became essential. With 660,000 shows and 62 million listeners, the century’s first new art form enters its corporate stage. (Vulture)
  • Disney Moves From Behemoth to Colossus With Closing of Fox Deal (NYT)
  • The world is coming after Silicon Valley. Tech companies must evolve to survive (CNN)
  • Next Billion-Dollar Startups News: 3-D Printing Startup Markforged Raises $82 Million (Forbes)
  • Walmart’s Chief Technology Officer leaves company as e-commerce wars flare (Reuters)
  • Can Magic Leap’s ‘mixed reality’ find the human touch? The idea that we could be captured for posterity, or teleported for a holographic call, is tantalisingly close (FT)
  • ESPN’s Ex-President Wants to Build the Netflix of Sports (Bloomberg)
  • How an App for Gamers Went Mainstream; Discord has become an indispensable tool for internet creators to connect with their fans. (Atlantic)
  • Franchise Value: videogame IP vs. movie IP (Medium)

Life

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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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