H.E.R.O.’s Journey in Tech (12 April 2019) – Lessons in Persistence From Climber Tommy Caldwell + From Broke To Billionaire: How Fred Luddy Built The World’s Most Innovative Company ServiceNow

H.E.R.O.’s Journey in Tech (12 April 2019) – Lessons in Persistence From Climber Tommy Caldwell + From Broke To Billionaire: How Fred Luddy Built The World’s Most Innovative Company ServiceNow

Companies

  • After a 600% Rally, ‘King of Deals’ Prepares for Post-Smartphone Future; Minebea, a key Apple supplier, says phones losing innovation. CEO plans to spend billions on connected auto, home deals (Bloomberg)
  • Trend Micro provides flexible security for Microsoft Azure environments (IC); Trend Micro Releases Innovations that Increase Security for Google Cloud Platform, Kubernetes and G Suite Gmail (AO)
  • @Cosme flagship store opens on Tmall (IRA)
  • Bravura makes non-binding $172m bid proposal for GBST (AFR)
  • Naukri parent company Info Edge invests Rs 6 cr in ShoeKonnect, another Rs 14 cr in Gramophone (YS)

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

  • Alipay’s mutual aid platform Xiang Hu Bao aims to cover 1/5 of China’s population in two years (KRA)
  • Taobao app adds foodie channel to tap on China’s food e-commerce growth (KRA)
  • Cloud gaming to strengthen Tencent’s hand; Capturing a larger slice of China’s gaming market is a valuable goal as it is the largest (and still growing) gaming market in the world, estimated at over US$34 billion in 2018. (AFR)
  • Factbox: SoftBank’s transportation bets (Reuters)
  • Inside SoftBank’s push to rule the road (Reuters)
  • Uber IPO filing reveals Softbank as largest shareholder (Nikkei)

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

  • P&G Puts Ad Platforms Like Facebook, Google on Notice (Bloomberg)
  • Google Cloud makes some strong moves to differentiate itself from AWS and Microsoft (TC)
  • Inside Google Cloud Next, the conference for the search giant’s next big business (qz)
  • The golden age of YouTube is over; The platform was built on the backs of independent creators, but now YouTube is abandoning them for more traditional content (Verge)
  • Google sees rays of Sun in new cloud dreams; Tech group takes page out of Java creator as it takes on Amazon and Microsoft (FT)
  • Famously unprofitable Amazon has nothing on Uber (qz)
  • Jeff Bezos upended the smart-home industry by not listening to customers (qz)
  • Amazon’s empire rests on its low-key approach to AI; Unflashy but high-powered machine learning powers everything from its fulfilment centres to the cloud (Economist)
  • Amazon Japan Raises Prime Membership Price for First Time in 11 Years (Bloomberg)

Asia Tech & Innovation Trends

  • Alibaba-backed used goods platform Idle Fish investing in content (Technode)
  • Trade war gives China’s chip equipment makers room to grow; Beijing plays down its ongoing semiconductor ambitions amid U.S. push back (Nikkei)
  • Tesla, Panasonic to seek productivity gains before new battery investments (Reuters)
  • Indonesia’s Stock Exchange says Traveloka is most likely candidate for an IPO (KRA)
  • Tech giant Zoho’s launch in Australia hit by red tape delays (Age)

Global Tech & Innovation Trends

  • Why Slack’s IPO will have more in common with Spotify than Uber or Lyft (MW)
  • Uber unveils IPO with warning it may never make a profit (Reuters); Uber Is Huge, Sprawling and Still Entirely Unproven; Investors are going to have a tough time figuring out how to value the company. (Bloomberg)
  • Square Stock Rises as Cash App Downloads Keep Growing (Barron’s)
  • Revealed: the cash cost of WeWork’s global expansion (FT)
  • Disney CEO Iger gives three reasons why the company’s streaming service will be a success (CNBC)

Life

  • Podcast #498: Lessons in Persistence From Climber Tommy Caldwell (AOM)
  • From Broke To Billionaire: How Fred Luddy Built The World’s Most Innovative Company ServiceNow (Forbes)
  • Bezos on why failure is not failure (FT); Jeff Bezos wants Amazon to fail more (CNN)
  • Rupert Murdoch, the NFL, and the Negotiation That Remade TV (HBR)

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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