H.E.R.O.’s Journey in Tech (27 April 2019) – Amazon is reportedly building a high-fidelity music streaming service to rival Tidal

H.E.R.O.’s Journey in Tech (27 April 2019) – Amazon is reportedly building a high-fidelity music streaming service to rival Tidal


  • China’s Ctrip now owns half of India’s MakeMyTrip following share swap with Naspers (TC)
  • US slams Alibaba and its challenger Pinduoduo for selling fakes (TC)
  • NetEase Kaola to open first factory store as it pushes further offline (Technode)
  • Mario Kart Tour could be Nintendo’s biggest smartphone win (TNW); Nintendo’s Guidance Seen as a `Mockery,’ Sending Shares Lower (Bloomberg)
  • Custom fit fashion retailer Zozo pulls out of overseas markets; CEO’s global ambitions shredded as German and US losses pile up (Nikkei)
  • Nidec to add plant in China’s Dalian for electric-car motors; Japanese manufacturer plans $500m investment to build up new growth engine (Nikkei)
  • Sony secures record profit as digital platforms thrive (Nikkei)
  • Singapore Wealth Firm iFast’s Pre-Tax Profit Declines by 38% (Bloomberg)
  • Wellington Airport goes live on Gentrack’s Veovo software (Reseller)

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

  • Wirecard Still Raises Plenty of Questions; SoftBank offered financial backing this week to the German fintech darling. But does it really merit such a racy market valuation? (Bloomberg)

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

  • Amazon is reportedly building a high-fidelity music streaming service to rival Tidal (TNW)
  • Both Amazon, and the business models that assess the veracity of its reviews (which tend to sell advertising on their websites), rely heavily on algorithms. (FT)
  • Save the Netflix Bears. The Market Needs Them. (Bloomberg)

Asia Tech & Innovation Trends

  • Short video app Douyin campaign signals the arrival of vlogs in China (Technode)
  • Kuaishou brings 3D cartoon characters to livestreaming with new AR feature (Technode)
  • Chinese brands rule Indian smartphone market with 2/3rds of share: report (Reuters)
  • Bill Gates is backing this Hong Kong biotech start-up that can screen for cancer through a sample of urine or blood. Here’s why (SCMP)
  • Southeast Asia’s Grab cuts a familiar path with partnerships in logistics and travel; The new features will be rolled out across Grab’s Southeast Asian markets by the end of June (SCMP)

Global Tech & Innovation Trends

  • Why Isn’t Hulu Better? (HBR)
  • Slack’s complicated relationship with email, according to its IPO filing (qz); Slack Reveals Losses Amid Rapid Growth in Plan to Go Public (Bloomberg); Slack Pitches Would-Be Investors on a Few Big-Spending Customers (Bloomberg)
  • How Uber changed Silicon Valley; Ride-hailing app inspired generation of tech companies to tackle real world challenges (FT); Uber Is a Growth Business That Has Trouble Growing (Bloomberg); Uber sets terms for IPO, posts $1 billion first-quarter loss (Reuters)
  • Major Tech Firms Come Out Against Police Use of AI Algorithms (Bloomberg)
  • Intel Tumbles, Setting Up Worst Day Since 2008 (Bloomberg)
  • Tradeweb’s 50% Rally Sets Stage for Questions About Debt Market (Bloomberg)
  • Yara, IBM to offer digital services to farmers (Reuters)


  • On Professional Failure (TSOL)

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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