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H.E.R.O.’s Journey in Tech (19 April 2019) – Refused U.S. Visa Eight Times, Zoom CEO Eric Yuan Is Now a Billionaire + To Do Your Best Work You Must Fall in Love With Hard Work

H.E.R.O.’s Journey in Tech (19 April 2019) – Refused U.S. Visa Eight Times, Zoom CEO Eric Yuan Is Now a Billionaire + To Do Your Best Work You Must Fall in Love With Hard Work

Companies

  • Refused U.S. Visa Eight Times, Zoom CEO Is Now a Billionaire (Bloomberg); Zoom Video CEO: I Don’t Know Why Our Shares Soared 72% After IPO (Fortune); ‘What a Crazy Valuation,’ Zoom CEO Says After Stock Soars on IPO (Barron’s); After just one day of trading, Zoom Video is the most highly valued tech stock by this metric (MW)
  • AI firm iFlytek net profit up 24.71 pct in 2018 (Xinhua)
  • Meituan scales down fresh produce business Ella Supermarket (KRA)
  • Sony bulks up anime business in China (Nikkei)
  • Industrial robotics giant Fanuc is using AI to make automation even more automated (TC)
  • Taiwan presidential run by Terry Gou creates ‘uncertain’ future for Foxconn, analysts say (SCMP)
  • Getac eyeing sharp growth in ruggedized PC market (Digitimes)
  • HUB24 share price climbs higher on record March quarterly inflows (MF)
  • Fast growth tracking app Life360 details ASX IPO plans (AFR)
  • Kogan jumps 20pc on growth, subscription plans (AFR)

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

  • Tencent wins key approval to sell Nintendo’s Switch in China (Nikkei)
  • Tencent leads video conferencing service Little Fish’s Series C financing round (KRA)
  • TSMC signals bottom of chip cycle as quarterly profits tumble (Nikkei)
  • ‘Shooting for big game’: Softbank’s push for transport dominance (JT)

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

  • Google & Amazon reach an agreement to bring their streaming video apps to each others’ platforms (TC)
  • YouTube Music is now free with ads on Google Home devices (TC)
  • Amazon launches ad-supported music service to Echo owners (TC)
  • Amazon’s one-two punch: How traditional retailers can fight back (TC)
  • Amazon, facing entrenched rivals, says to shut China online store (Reuters, Nikkei)
  • Apple vs. Facebook Enters a New Era (Medium)
  • Microsoft delves deeper into IoT with Express Logic acquisition (TC)
  • Nvidia launches its Isaac SDK to help democratize AI-powered robot development (TC)
  • How 5G drove moves by Apple, Qualcomm and Intel (Reuters)

Asia Tech & Innovation Trends

  • Chinese internet giants test virtual banking in Hong Kong (Nikkei)
  • Online platform connects the dots for aspiring landlords; Dot Residential offers casual investors to build a property portfolio (FT)
  • Ruling LDP calls for law to prevent tech giants strong-arming vendors in Japan (JT)
  • Japan puts self-driving transit buses to the test next year (Nikkei)
  • Abyo Korea hopes to redesign delivery industry (Investor)
  • Singapore Tourism Board partners Alibaba Group and Traveloka to shore up visitor numbers (KRA)
  • Bionic Yantra: The robot giving patients a leg up; Bionic Yantra’s exoskeleton provides a fall-safe method of rehabilitation for those unable to walk (Forbes)
  • ‘Simply appalling’: Live event ticket reseller Viagogo misled ticket buyers on price, availability (Age)
  • Start-ups vie to lead India’s logistics revolution; Well-funded apps such as Rivigo aim to overhaul a logistics market that has hobbled the economy (FT)

Global Tech & Innovation Trends

  • Tech IPOs show the money is in business services; Companies such as Zoom have reinvented enterprise tech for the cloud era (FT)
  • NuvoAir raises $3M to help patients monitor respiratory diseases with AI (TC)
  • CloudBees acquires Electric Cloud to build out its software delivery management platform (TC)
  • Astroscreen raises $1M to detect social media manipulation with machine learning (TC)
  • Phantom Auto raises $13.5M to expand remote driving business to delivery bots and forklifts (TC)
  • Spotinst, the startup enabling companies to purchase and manage excess cloud capacity, acquires StratCloud (TC)
  • Sift’s ‘news therapy’ app aims to promote understanding, not anxiety (TC)
  • Zagat is perfectly positioned to fix the yelp review model (qz)
  • Airbnb Leads $160 Million Investment in Startup Designing Apartments for Travelers (Fortune)
  • With Self-Driving Cars Still Years Away, Phantom Auto Finds New Niche Teleoperating Robots (Forbes)
  • This Startup Just Raised $21 Million To Bring Quantum Computing To Enterprise Applications (Forbes)
  • Automakers invest heavily in electric vehicles despite still-low demand (Reuters)
  • Qualcomm’s deal with Apple transforms 5G outlook; End to legal marathon boosts US supplier of next-generation technology (FT)
  • Micron Stock Can Keep Surging Because AI Will Require More Chips, Analyst Says (Barron’s)
  • For Wirehouses, a New World of Digital Tools (Barron’s)
  • Aidoc, the AI solution for medical imaging analysis, raises $27M Series B (TC)
  • Pinterest Stock Is Hot After Its IPO. Why You Should Keep Your Cool. (Barron’s)
  • Lyft Investors Sue Over Slump, Claiming IPO Was Overhyped (Bloomberg)

Life

  • To Do Your Best Work You Must Fall in Love With Hard Work (Medium)
  • ‘Goodwill’ Write-Offs Are an Earnings Killer. How to Spot Trouble Coming. (Barron’s)
  • The Golden Goose: How Dani Reiss Became A Billionaire Turning Canada Goose Into A Luxury Brand Powerhouse (Forbes)
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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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