H.E.R.O.’s Journey in Tech (8 May 2019) – This Little-Known Stock Nearmap Rallies 149% to Take Australia’s No. 1 Spot + Robert Browning on Artistic Integrity, Withstanding Criticism, and the Courage to Create Rather Than Cater

H.E.R.O.’s Journey in Tech (8 May 2019) – This Little-Known Stock Nearmap Rallies 149% to Take Australia’s No. 1 Spot + Robert Browning on Artistic Integrity, Withstanding Criticism, and the Courage to Create Rather Than Cater

Companies

  • Zoom Video shares rise following clearance for federal use (MW)
  • China’s Meituan Dianping pushes its short delivery service to more customers in search for profit; The Beijing-based company’s delivery system currently has more than 600,000 active daily couriers, and serves over 3.6 million merchants in China (SCMP)
  • SeaTown Invests $3.17 Million in Tencent Music (FID)
  • China Is Losing Its Grip on Companies Due to Trump’s Trade War; Delta Electronics is expanding in India, Taiwan and elsewhere (Bloomberg)
  • Afterpay rival Flexigroup inks deals with Myer, IKEA, health groups (AFR)
  • Shares in Nearmap., which provides aerial images and location data that allow businesses to conduct virtual site visits, have surged 149 percent this year, making it the biggest gainer on the benchmark index. (Bloomberg)
  • TCS set to become world’s third-largest IT services company (LM)

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

  • Baidu founder Robin Li says his firm shipped more smart screens than speakers in February; Smart speakers with display screen are gaining traction. (KRA)
  • Tencent aims to digitize Beijing Tourism Group’s 7,000 offline businesses (KRA)
  • Tencent trials AI diagnosis program for Parkinson’s in London (FT)
  • Smart appliances slow to pick up Samsung’s recipe for recovery (Nikkei)

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

  • A Tax That Could Fix Big Tech: Putting a levy on targeted ad revenue would give Facebook and Google a real incentive to change their dangerous business models. (NYT)
  • Google unveils new privacy tools, smarter AI assistant, cheaper phones (MW); Google brings augmented reality to Search (TC); Google Search will offer better news coverage, and soon, support for podcast search (TC); Google is bringing AI assistant Duplex to the web (TC); Google Assistant gets driving mode (TC); Google Lens can translate foreign language text in photos and read it back to you (TC); Google Assistant gets more personalized through a new ‘Picks for You’ feature (TC); Google’s I/O developer conference is no longer just about tech (qz)
  • Google Face Match brings privacy debate into the home; New ‘smart display’ pushes boundaries of acceptance for recognition systems Google at-home device (FT)
  • Google Will Give Users More Control Over Who Tracks Them Online (Bloomberg)
  • Google Debuts Cheaper Pixel Phones After Premium Handsets Flop (Bloomberg)
  • YouTube TV (AVC)
  • How the Apple Store Lost Its Luster; In interviews, current and former employees say brand building became more important than serving shoppers. (Bloomberg)
  • Apple teams up with SAP to help clients develop iPhone business apps (Reuters)
  • Microsoft’s Newest Offerings Aim at Cloud-Computing Market (Barron’s)

Asia Tech & Innovation Trends

  • Online education platform Hujiang’s Hong Kong IPO application expired: report; company had been running with increasing deficits from 2015 to 2017, with respective net losses of RMB 280 million, RMB 422 million, and RMB 537 million (TN)
  • Shanghai district installs comprehensive surveillance system; City Brain’s 1,100 security cameras are a test case for constant monitoring (Nikkei)
  • Japan Inc. will defy its critics and innovate once more; Faced with an aging society, companies can overcome conservatism and embrace a digital world (Nikkei)
  • NTT to launch AI-based genome screening for preventive medicine (Nikkei)
  • Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital era (TC)
  • After Indonesia introduced minimum tariffs for online motorcycle taxi rides, platforms are already seeing a dip in demand (KRA)
  • Big Basket raises $150 million to expand its operations (Forbes)
  • The Rise of India’s New Billionaires (And the Fall of the Old); New entrepreneurs are growing wealthy in areas like technology (Bloomberg)

Global Tech & Innovation Trends

  • Match Group Stock Is Jumping Because Facebook Hasn’t Killed Tinder (Barron’s); Match Group Beats Estimates as Tinder’s Popularity Grows Abroad (Bloomberg); Match Group adds more Tinder subscribers, shares surge (Reuters)
  • Square acquires conversational AI startup Eloquent Labs (TC)
  • Bubble-driven boom in M&As hides steep costs long-term (TC)
  • This tablet on a stick isn’t RoboCop, but it’s a smart solution to risky traffic stops (TNW)
  • LinkedIn wants Indians to spend more time on its platform. But how far can colourful emojis go? (qz)
  • The Farm Automation Breakthrough Bringing The High-Tech West Coast And Rural Rust Belt Together (Forbes)
  • Casper, With Competition Growing, Wants To Be More Than A Mattress Company (Forbes)
  • A Vision of the Dark Future of Advertising; Companies will know more about you than you can even imagine (Medium)
  • Why Tech Giants Are So Desperate to Provide Your Voice Assistant (HBR)
  • Lyft unveils Waymo partnership as loss widens to $1.1 billion (JT)
  • NCR Weighs a Sale After Receiving Takeover Interest (Bloomberg)
  • Spotify Turns the Anti-Apple Volume Up to 11 (Bloomberg)
  • Americans Have So Many Subscriptions They Need Apps to Track and Cancel Them (Bloomberg)
  • As IPO looms, Uber clings to hard-knuckled tactics in pursuit of growth (Reuters)

Life

  • Chinese gaming company Kingnet confirms its boss has been arrested for market manipulation (KRA)
  • Robert Browning on Artistic Integrity, Withstanding Criticism, and the Courage to Create Rather Than Cater (BP)
  • Seneca: Curbing Anger: The Stoic’s Cure for the Most Destructive Emotion (Medium)
  • Make Friends With the Monster Chewing on Your Leg, and Other Tips for Surviving Startups (FR)
  • Will You Choose Alive Time or Dead Time? Not having control over our circumstances is frustrating, but it doesn’t mean we’re helpless (RH)

H.E.R.O.’s Journey in Tech (7 May 2019) – Word’s new AI editor will improve your writing

H.E.R.O.’s Journey in Tech (7 May 2019) – Word’s new AI editor will improve your writing

Companies

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

  • Alibaba re-evaluates India strategy, may focus on smaller deals; The potential shift in strategy follows Alibaba’s disappointments at some of its large e-commerce bets in India (LM)

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

  • Facebook is pivoting (TC)
  • Facebook’s contract workers are looking at your private posts to train AI (Verge)
  • Word’s new AI editor will improve your writing (TC); Microsoft wants you to work less (TC); Microsoft wants to reinvent documents and collaboration with its new Fluid Framework (TC); Microsoft and GitHub grow closer (TC); Microsoft and Red Hat launch a new event-driven Kubernetes autoscaling tool (TC); Microsoft’s IntelliCode for AI-assisted coding comes out of preview (TC); Microsoft open-sources its quantum computing development tools (TC); Microsoft launches a new platform for building autonomous robots (TC); Microsoft aims to modernize and secure voting with ElectionGuard (TC, JT); Microsoft is building Word into a serious Google Docs competitor (qz)
  • Microsoft Forms Pact With VMware to Keep Up With Amazon (Bloomberg)
  • It’s Microsoft vs. Comcast in infrastructure push to expand rural broadband (MW)
  • Google Maps Could Point the Way to Alphabet Stock Gains (Barron’s)
  • Apple has bought around two dozen companies in the past 6 months, Tim Cook says (MW)
  • Apple’s New Video Service Is Unlikely to ‘Move the Needle’ on Profit, Analyst Says (Barron’s)
  • Apple to Reveal New Home-Grown Apps, Software Features at WWDC; Tech giant will woo developers with new tools, but also compete with them through its own software. (Bloomberg)
  • Ford Partners With Amazon to Enable Package Deliveries to Trunks (Bloomberg)
  • Amazon squares up to local ecommerce groups in India; Online retail is booming in smaller cities as data prices fall and more people get web access (FT)

Asia Tech & Innovation Trends

  • Jiangsu Hengshun Vinegar attributes some of its increase in profit to the AI taste-testing machines which increased productivity, improved product quality and stability, reduced production costs and provided technical support to promote traditional cuisine outside the country (SCMP)
  • DeepGlint: the Chinese AI firm that helped police catch a criminal who had been on the run for 20 years (SCMP)
  • Chinese Startup DouYu Delays U.S. IPO Launch on Trade Jitters (Bloomberg)
  • Trump’s Tariffs on Chinese Electric Cars Seen as Likely to Last (Bloomberg)
  • Tencent-backed health care giant DXY expands to cosmetic medicine (TN)
  • Chinese video platform Kuai says its users in smaller cities love instructional videos (KRA)
  • Failed anonymous chat app pivots to social shopping (TIA)
  • Future standard to democratize image analysis AI raises 400 million yen (TC)
  • South Korea’s booming ‘webtoons’ put Japan’s print manga on notice (JT)
  • SendBird, a startup that enables developers to add messaging to their apps with a couple of lines of code, snags additional $50M for messaging API tool, as it extends Series B to $102M (TC)
  • Grocery startup BigBasket becomes India’s newest unicorn with new $150M investment (TC)
  • The world won’t take China’s money-and India’s online travel firms are benefiting (qz)
  • Medlife acquires Myra Medicines for express delivery and data science capabilities; The e-pharmacy platform plans to invest $100 million to expand its operations, build additional services and gain greater market share (Forbes)
  • Power Thieves Drain India’s Electric-Car Hopes; Widespread theft of electricity and a lack of charging stations render the country’s green-vehicle targets unrealistic. (Bloomberg)
  • Uber Eats targets business customers in Australia ahead of IPO (Age)

Global Tech & Innovation Trends

  • ServiceNow Unveils Google Pact on Path to $10 Billion Sales Goal (Bloomberg)
  • Dropbox adds cold storage layer to reduce cost of storing less-frequently accessed files (TC)
  • Carta, formerly known as eShares, had moved beyond replacing paper records and into selling as a monthly service appraisals of the fair market value of private companies’ common stock in order to determine their strike price (TC)
  • Thunes raises $10M to make financial services more accessible in emerging markets (TC)
  • VisaDB tells you all about your next destination – weather, paperwork, and plugs to bring (TNW)
  • SaaS startup Black Lake raises RMB 150 million as factories shift to the cloud (TN)
  • PagerDuty offers a subscription service that allows businesses to improve the constant interplay between software developers and operators – so-called DevOps – within their organization and lets them use real-time data to address incidents that occur (MW)
  • Chewy Inc., the rapidly growing online seller feeding on the “pet humanization” trend, is going public. (MW)
  • Stock Picks From Space; Investors are using real-time satellite images to predict retailers’ sales. Is that cheating? (Atlantic)
  • What Pinterest is hiding, and why it may get in the way of a higher stock price (MW)
  • Roku Stock Has Doubled and Will Keep Rising on Strong Ad Sales, Analyst Says (Barron’s)
  • Forgers Are Forcing a $9 Trillion Business Into Digital Age (Bloomberg)
  • The Sports TV Bubble Shows Signs of Weakness; Sinclair’s deal to buy the former Fox regional sports networks values them at less than expected. (Bloomberg)
  • Lyft Shares Sell Off as Driver Strike Highlights Regulatory Risk (Bloomberg)
  • Flexera’s Owners Pursue Sale for Up to $3 Billion; Flexera helps companies with IT services including software security, cloud management and software-as-a-service management (Bloomberg)

Life

  • Buffett Confronts Tech-Driven Change Amid Investor Questions; “We just sat there sucking our thumbs,” Munger said of failing to invest in Google. “Maybe Apple was atonement.” (Bloomberg)
  • To Master Your Work, Work to Master Your Mind (NW)

H.E.R.O.’s Journey in Tech (6 May 2019) – ‘We screwed up’ not buying Google shares, Berkshire’s Munger says

H.E.R.O.’s Journey in Tech (6 May 2019) – ‘We screwed up’ not buying Google shares, Berkshire’s Munger says

Companies

  • So-Young plastic surgery: wrinkle twinkle; So-Young accounts for a third of all plastic surgery procedures booked by Chinese people online by sales (BT)

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

  • Tencent aims to blend internet and industry in bid for new growth; Push to expand beyond consumer services comes as gaming segment faces headwinds (Nikkei)
  • SoftBank mulls IPO of $100 billion Vision Fund: source (Reuters)

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

  • How Apple News+ could be the forbidden fruit for publishers (Age)
  • The making of Amazon Prime, the internet’s most successful and devastating membership program; An oral history of the subscription service that changed online shopping forever. (Vox)
  • Netflix Isn’t Being Reckless, It’s Just Playing a Game No One Else Dares (Netflix Misunderstandings, Pt. 3) (Redef)

Asia Tech & Innovation Trends

  • Chinese AR start-up develops smart glasses to help police catch suspects (SCMP)
  • China’s largest satellite operator feels heat from 5G competition; Threat to TV pushes China Satcom toward maritime Wi-Fi and ‘smart shipping’ (Nikkei)
  • Q&A with Taiwan’s ‘Startup Minister’ Chen; After TSMC and UMC, Taiwan Needs a New Model (EET)

Global Tech & Innovation Trends

  • How exactly Stitch Fix’s “Tinder for clothes” learns your style (qz)
  • Jumia’s rise exposes challenges of online shopping in Africa; Pan-African start-up wrestles with issues of logistics, traffic and customer trust (FT)
  • Forgers Are Forcing a $9 Trillion Business Into the Digital Age (Bloomberg)
  • MercadoLibre Soars to Record as Payments Growth Impresses Street (Bloomberg)
  • Spotify Stock Is Risky Because the Music Industry Isn’t Changing Fast Enough (Barron’s)
  • Apps Take Center Stage in Chipotle’s Food Fight; Digital ordering and food delivery have moved beyond talking points and pilot programs to become big money-makers. (Bloomberg)
  • Visualizing the Unicorn Landscape in 2019 (VC)
  • Using Smart Speakers to Engage with Your Customers (HBR)
  • Robots Edge Closer to Unloading Trucks in Amazon-Era Milestone; New Siemens, Honeywell devices work at least as fast as people. ‘The job is miserable inside that trailer.’ (Bloomberg)
  • Fifty Years of AMD, a Tech Leader (EET)
  • How Audioburst Makes Talk Radio And Podcasts More Digestible (Pulse)
  • Distracted by Tech While Driving? The Answer May Be More Tech (NYT)

Life

  • ‘We screwed up’ not buying Google shares, Berkshire’s Munger says (Reuters); Buffett leans in to fintech and Asia in search of gems; Paytm and Amazon stakes mark departure from Oracle of Omaha’s tech aversion (Nikkei); Buffett says Amazon stock purchase doesn’t deviate from value-investing principles (MW); Here’s How Warren Buffett Answered a 9-Year-Old’s Question About Investing in Tech (Barron’s)
  • The future of stroke patients may depend on the part-time job of a Canadian surgeon (qz)
  • Visionary Photographer Edward Weston on Creativity and the Importance of Cross-Disciplinary Curiosity (BP)

H.E.R.O.’s Journey in Tech (4 May 2019) – Reversion to the Mean Is Dead. Investors Beware.

H.E.R.O.’s Journey in Tech (4 May 2019) – Reversion to the Mean Is Dead. Investors Beware.

Companies

  • E-commerce upstart Yunji shines in downsized Nasdaq IPO; Yunji’s aggressive expansion in its earlier years drew the attention of Chinese authorities, who slapped the company with the equivalent of a $1.4 million fine in 2017 for violating pyramid (Nikkei)
  • Persistent Systems extends partnership with Trend Micro from endpoint security to virtual server security (CRN, NB)
  • Daikin to spend $900m on polymer output for chip equipment (Nikkei)
  • We’re very focused on the Australian market: ReadyTech (AFR)
  • GBST provides update on Bravura Solutions takeover proposal (MF)
  • ViTrox Sets Up German Subsidiary (iconnect)

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

  • SoftBank Has a Bigger, Weirder Vision (Bloomberg)

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

  • Facebook’s quest is to find new ways to make money; Mark Zuckerberg’s next act will be a mass experiment (FT)
  • Old Facebook finally wants you to ‘Meet New Friends’ (TC)
  • Machine Learning Challenges at Facebook Scale (EET)
  • Amazon prepares to battle with Alibaba in Asia’s cloud (Nikkei)
  • Amazon’s One-Day Shipping Is a Perk Few Retailers Can Match (Bloomberg)
  • Warren Buffett Buys Into a Different Amazon; A less growth-charged, more profitable profile may have attracted Berkshire Hathaway stock pickers to the e-commerce giant. (Bloomberg)
  • Huawei Overtakes Apple to Become Second Biggest Smartphone Maker (Bloomberg)
  • SEC hits failed Apple sapphire glass manufacturer with fraud charges (TC)
  • Google spends hundreds of millions of dollars on content review: letter (Reuters)
  • Microsoft launches a fully managed blockchain service (TC)
  • Microsoft brings Azure SQL Database to the edge (and Arm) (TC)

Asia Tech & Innovation Trends

  • How Chinese Unicorn Mobvoi Regained Its Original AI Vision After Ticwatch Detour (Forbes)
  • QR code scams strike China, from merchants to traffic tickets; Scammers rip off people trying to pay parking tickets (Nikkei)
  • Shenzhen AI start-up Intellifusion helps city police identify jaywalkers and banned drivers (SCMP)
  • We Should Worry About How China Uses Apps Like TikTok; Illiberal innovations created for China’s vast surveilled and censored domestic market are increasingly popular overseas. (NYT)
  • 20x the market opportunity of ride-hailing: Ankur Mehrotra on Grab Financial’s strategy and products (KRA)

Global Tech & Innovation Trends

  • Spotify’s leanback instant listening app Stations hits iOS (TC)
  • DAZN vs. ESPN: Loaded With A-List Athletes-Canelo, Ronaldo, LeBron-The Billionaire-Backed Streaming Site Wants To Be The Worldwide Leader In Sports (Forbes)
  • The flood of tech IPOs risks worsening inequality; When the bull run ends, it will drag down valuations of everything considered ‘growth’ (FT)
  • The low-key smart tech that works for cities; Eye-catching data services do not always improve citizens’ lives. The most innovative are the least obvious (FT)
  • Nasdaq chief doubles down on data as NYSE fight intensifies; Adena Friedman tries to position New York exchange group as hub for technology (FT)
  • The trade war rumbles on – but US chip makers are cautiously optimistic despite lingering soft demand (SCMP)
  • Zoom Video Surges Past Lyft and Pinterest as Value Tops $20 Billion (Bloomberg)
  • Elon Musk Makes $500 Billion Autonomy Pitch to Investors (Bloomberg); Tesla’s $2 bln capital raise repeats sins of past (Reuters)
  • If This Is a Tech Bubble in Stocks, It’s the Expansionary Phase (Bloomberg)
  • Uber’s First Wall Street Buy Rating Endorses Comparisons to Amazon (Bloomberg); Uber’s IPO Disclosures Leave One Big Unanswered Question (Bloomberg)
  • Ocado’s Warehouse Robots Are Three Times Faster Than Amazon’s (Bloomberg)
  • MercadoLibre Soars to Record as Payments Growth Impresses Street (Bloomberg)
  • Expedia Shares Fall as Home-Rental Business Vrbo Goes Slow (Bloomberg)

Life

  • How Warren Buffett’s longtime business partner enlightened the Oracle of Omaha (MW)
  • Reversion to the Mean Is Dead. Investors Beware. (Barron’s)

H.E.R.O.’s Journey in Tech (3 May 2019) – Buffett says Berkshire Hathaway, finally, has invested in Amazon.com, says he has been an ‘idiot’ not to buy into Amazon.com

H.E.R.O.’s Journey in Tech (3 May 2019) – Buffett says Berkshire Hathaway, finally, has invested in Amazon.com, says he has been an ‘idiot’ not to buy into Amazon.com

Companies

  • Chinese cosmetic surgery app So-Young has pretty debut on Nasdaq (Nikkei)
  • YY’s Like is now among the top ten apps in Indonesia (KRA)
  • Delta Electronics to expand China production for EV market (Digitimes)
  • Resmed back on track after better-than-expected third quarter (Age)
  • Volt bank to build mortgage platform with IRESS (ITN)
  • Nanosonics to Showcase Innovative trophon2 at ACOG 2019 Annual Meeting; HLD solution proven to reduce risk of ultrasound probe cross-infection without harm to environment (BW)
  • Bravura announces $165m raising to aid GBST acquisition (ID)
  • India’s Kajaria Ceramics rises; Jefferies starts coverage with ‘buy’; poised to benefit the most from a fillip to organised volumes, courtesy tightening compliance and the recent ban on coal gasifiers in Gujarat, which should shrink the price diff (Reuters)
  • This one stats shows how Nearmap is growing exponentially faster; LTV has grown from $480 million as at December 30 2017 to $1.07 billion as at December 30 2018 to what it revealed today as over $1.4 billion as at March 31 2019 (MF); NEA Showcases Strong Growth In 1H19; Customer Lifetime Value Exceeds $1B (KKM)

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

  • Samsung’s chip and smartphone segments face falling profits (Nikkei)

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

  • Facebook open-sources Ax and BoTorch to simplify AI model optimization (TC)
  • Mark Zuckerberg unveils plans for Facebook’s future; Social network warns integrating its messaging apps will take years; Facebook is encouraging its users to communicate in groups, rather than via individual public posts (FT)
  • Instagram Is the New Mall; The platform is allowing influencers to sell things to users directly through their posts. (Atlantic)
  • How Facebook and Google are using algorithms to predict your next thought (TNW)
  • Google launches CallJoy, a virtual customer service phone agent for small businesses (TC)
  • Google Strategy Teardown: Google Is Turning Itself Into An AI Company As It Seeks To Win New Markets Like Cloud And Transportation (CBI)
  • YouTube touts first new original programme under free strategy (Reuters)
  • Want to Predict Apple’s Stock Price? Watch Its Suppliers. (Barron’s)
  • iPhone hard hit as global smartphone shipments continue nosedive (TC)
  • Why Amazon didn’t make the cut in China (TIA)
  • Alexa in-skill purchasing, which lets developers make money from voice apps, launches internationally (TC)
  • Amazon Can’t Duck Williams-Sonoma Suit Over Furniture Sales (Bloomberg)
  • The Most Valuable Company (for Now) Is Having a Nadellaissance; Under Satya Nadella, Microsoft has more subscribers than Netflix, more cloud computing revenue than Google, and a near-trillion-dollar market cap. (Bloomberg); The Most Valuable Company (for Now) Is Having a Nadellaissance; Under Satya Nadella, Microsoft has more subscribers than Netflix, more cloud computing revenue than Google, and a near-trillion-dollar market cap. (Bloomberg)
  • Microsoft makes a push to simplify machine learning (TC)
  • Microsoft rolls out new cloud services for AI and blockchain, partnering with JP Morgan; Microsoft is also releasing tools to let users make AI models without having to write the underlying code (SCMP)
  • Microsoft Is About to Show Off for Software Developers. Watch What It Says About the Cloud. (Barron’s)

Asia Tech & Innovation Trends

  • We Should Worry About How China Uses Apps Like TikTok; Illiberal innovations created for China’s vast surveilled and censored domestic market are increasingly popular overseas. (NYT)
  • Chinese tech companies revel in convertible-bond boom; Cash-hungry businesses have tapped investors for a record $4.6bn this year (FT)
  • China in pole position for 5G era with a third of key patents; US and Japan lose market share, as Huawei and ZTE bulk up (Nikkei); How 5G will unlock the industrial internet, driving another dimension of mobile connectivity (SCMP)
  • ‘Ghost restaurants’ ride Asia’s food delivery boom; With no storefronts, takeout-only eateries offer less risk for would-be owners (Nikkei)
  • BrainCo CEO says his ‘mind-reading’ tech is here to improve concentration, not surveillance (SCMP)
  • Huawei said to introduce world’s first 5G TV amid increased security scrutiny of its products (SCMP)
  • Money’s too tight to mention for China’s outsized electric vehicle industry (Technode)
  • Toyota AI Ventures launches $100M fund to invest in robotics and autonomous tech (TC)
  • Supermicro Asks Suppliers Not to Provide Chinese-Made Motherboards (TET)
  • AI learns to read Korean, so you don’t have to; Artificial intelligence solved a problem reading character-based scripts in the search for key documents (FT)
  • Indonesia brings regulations for on-demand motorcycle taxis into effect (KRA)
  • Go-Pay aims to simplify mutual funds investments in Indonesia through a partnership with Bibit (KRA)
  • Behind the scenes of InMobi’s journey to unicorn (TIA)
  • Malaysia’s GHL enables GrabPay QR payments (TIA)
  • Deskera reportedly raises US$100M+ in extended Series A funding round at US$500 valuation (e27)
  • How Paytm killed its e-commerce dream in India; Paytm Mall’s losses mounted and in the financial year 2018. It posted a loss of nearly Rs 1,800 cr. (ET)

Global Tech & Innovation Trends

  • FanDuel is now charging inactive users $3 per month for not playing (TC)
  • FreightHub, the European digital freight forwarder, collects $30M Series B (TC)
  • Flume Health is an insurance administrator cutting costs by pre-approving prices and paying on-demand (TC)
  • Adtech veteran Quantcast is latest tech giant to face GDPR privacy probe (TC)
  • Inspection robots are climbing the walls to monitor safety conditions in hazardous locations (TC)
  • Tinder launches ‘Festival Mode’ to connect music festival goers with profile badges (TC)
  • Spotify launches voice-enabled ads on mobile devices in a limited US test (TC)
  • Palantir’s software was used for deportations, documents show (TC)
  • Verizon reportedly seeking to sell Tumblr (TC)
  • How streaming services are changing the way music is made (qz)
  • This US mayor joked cops should “mount .50-caliber” guns where AI predicts crime (qz)
  • Checkout.com raises record $230m in Series A funding; London-based payments start-up that competes with Adyen secures valuation close to $2bn (FT)
  • Making a killing: The Uber IPO is a moral stain on Silicon Valley (Age)
  • One SaaS metric we monitor closely is net dollar retention. Net dollar retention tells you what percent of revenue from current customers you retained from the prior year, after accounting for upgrades, downgrades, and churn. (CB)
  • Expedia Shares Fall as Home-Rental Business Vrbo Goes Slow (Bloomberg)
  • Zynga Soars as Analysts Rave About `Compelling Investment’ (Bloomberg)
  • Square Slides as Street Wonders If It’s ‘Running Out of Steam’ (Bloomberg)

Life

  • How i built this with Guy Raz: Live Episode! Peloton: John Foley (NPR)
  • Buffett says Berkshire Hathaway, finally, has invested in Amazon.com: CNBC (Reuters); Billionaire Buffett says he has been an ‘idiot’ not to buy into Amazon.com (Reuters)
  • The quest to find companies that have a lasting competitive edge: Finding companies protected by what Warren Buffett calls a “moat” is easy to talk about, but hard to do (Economist)
  • “The idea that rewards promote focus and skill is only true to a point; when the rewards get high enough it spins the other direction, because mental bandwidth that would otherwise go toward strategy and reason is overwhelmed by dreaming about the reward” (MH)
  • Adam Savage on Great Tools, Great Projects, and Great Lessons (#370) (TF)
  • China’s biggest online health care platform Ping An Healthcare and Technology fires back at short-seller report that labelled the firm ‘Ponzi scheme’ (SCMP)

H.E.R.O.’s Journey in Tech (2 May 2019) – AI is already changing how cancer is diagnosed

H.E.R.O.’s Journey in Tech (2 May 2019) – AI is already changing how cancer is diagnosed

Companies

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

  • Samsung Bets It Can Sell Smart-Home Tech by Building the Homes (Bloomberg)

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

  • Facebook won’t tell you one critical detail about its first major redesign since 2004; Unveiling the social network’s redesign, Mark Zuckerberg talked up online groups or digital ‘living rooms’ where people can have more intimate convers (MW)
  • Facebook is doubling down on AI to clean up the social network (CNN); Facebook Wants AI to Screen Content, But Fairness Issues Remain (Bloomberg)
  • Facebook wants to bring your entire body into virtual reality (CNN)
  • iPhone hard hit as global smartphone shipments continue nosedive (TC)
  • Apple’s future comes down to four crucial questions (Age)
  • Alexa in-skill purchasing, which lets developers make money from voice apps, launches internationally (TC)

Asia Tech & Innovation Trends

  • China’s Mass Surveillance More Sophisticated Than Thought (Bloomberg)
  • Huawei to challenge Samsung, Apple electronics lead with 5G TV; Chinese tech company also aims to be a top PC maker in three years (Nikkei)
  • Calsonic lines up key public-private funding for $7bn Magneti deal; Calsonic aims to combine its expertise in electronic parts for self-driving systems with Magneti’s skill in electronic control units to compete with such global rivals as Bosch (Nikkei)
  • Tour package recommendation platform Tripstore operator raises W7.1b (Investor)
  • Rent my wheels: India’s Drivezy brings driver and owner together; Peer-to-peer vehicle-sharing service eyes expansion in US and Southeast Asia (Nikkei)

Global Tech & Innovation Trends

  • AI is already changing how cancer is diagnosed (TNW)
  • Walmart’s Vudu teases original streaming programming, ‘shoppable’ content (MW)
  • GrubHub Soars 10% as CEO Buys Nearly $1 Million in Shares (Bloomberg)
  • Creepy Billboards Track Consumers With AI Cameras That Target Ads Based On Mood (ZH)
  • “Organized Crime Scheme” Ad-Click Fraud Is Costing Companies $50 Billion A Year (ZH)
  • Shopify Bulls Pile on With Even Higher Stock Price Expectations (Bloomberg)
  • Square Sees Revenue Falling Short of Estimates as its cash-register and payments-processing businesses see increasing competition (Bloomberg)
  • Airbnb Spawned an Ecosystem of Startups That Sweat the Details so Owners Don’t Have to; Money has been pouring into digital travel startups that help keep the noise low and the sheets crisp (Bloomberg)
  • TE Connectivity: An Industrial Company You’ve Never Heard of Has a Lot to Say About the Market (Barron’s)
  • When manipulation is the digital business model; Ever looked for an online cancel button and struggled to find it? ‘Dark patterns’ may be to blame (FT)
  • India’s Oyo hotel chain buys @Leisure for €369m; Acquisition of Amsterdam-based group aimed at boosting presence in short-term property rental; Oyo founder Ritesh Agarwal says the acquisition reflects holidaymakers’ increasing preference (FT)
  • Bosch Makes Another Bet on Fuel Cell Technology (Bloomberg)

Life

H.E.R.O.’s Journey in Tech (1 May 2019) – Microsoft, Slack, Zoom, and the SaaS Opportunity + A $4.4 Billion Accounting Error Burns Investors in China; One of China’s largest listed drugmakers Kangmei Pharmaceuticals said it overstated cash holdings by $4.4 billion

H.E.R.O.’s Journey in Tech (1 May 2019) – Microsoft, Slack, Zoom, and the SaaS Opportunity + A $4.4 Billion Accounting Error Burns Investors in China; One of China’s largest listed drugmakers Kangmei Pharmaceuticals said it overstated cash holdings by $4.4 billion

Companies

  • Momo Announces a Recent Development about Tantan (PRNW); Pomerantz Law Firm Investigates Claims On Behalf of Investors of Momo Inc (Yahoo)
  • Subsidies gas up turnaround at Buffett-backed BYD (Reuters)
  • Smartphone maker Xiaomi sets up technical committee to build an engineering culture as it pushes into artificial intelligence (SCMP)
  • MakeMyTrip acquires corporate travel firm Quest2Travel; India’s largest online travel aggregator enters the corporate travel business with the buyout of the Mumbai-based firm (Forbes)
  • Afterpay reveals quick-off-the-mark UK strategy (AFR)

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

  • Alibaba’s grand strategy to feed China’s middle class (Technode)
  • Ant Financial sells out its stake in micro-lender Qudian (KRA)
  • Tencent may enter ride-hailing business, its trademark registration information shows (KRA)
  • Long freeze between Tencent and Alibaba thaws; Chinese tech giants have been following each other into the same investments (FT)
  • Taiwan economy stumbles as global tech downturn worsens; Minister hopes wave of companies returning from China will spur growth; The slowdown in global demand for electronics gadgets triggered the steepest slide in net earnings at Taiwan Semiconductor Manufacturing Company in more than seven years (FT)
  • Samsung may stay true to its bleak words (Reuters)

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

  • Facebook Unveils Major App Redesign With Focus on Groups (Bloomberg); Facebook overhauls design as it pivots to private messaging (Reuters)
  • Instagram will now let creators and influencers sell items directly (TC)
  • Amazon targets $5 billion in Indian exports on its global marketplace by 2023 (Forbes)
  • Services really are becoming a bigger part of Apple’s business (TC); Apple Stock Is Up Because the Shift to Services Seems to Be Working (Barron’s); Apple’s old age beats Google’s adolescence (Reuters); In streaming wars, Apple says it can coexist with Netflix (Reuters)
  • Microsoft, Slack, Zoom, and the SaaS Opportunity (BT)
  • Alphabet’s revenue breakdown? You can’t Google that (AFR); The cost of being woke, Google edition; Demonetisation of questionable content is principled but costly. (FT); Google’s Ad Revenue Mystery: Five Possible Theories (Bloomberg); FAANG Stocks Drop $100 Billion as Alphabet Loss Bites Hard (Bloomberg)
  • Netflix and rivals have to up their user-experience game to compete with traditional TV for ad dollars, says new report (MW)

Asia Tech & Innovation Trends

  • Food delivery platforms push into lower-tier cities, new retail for growth: report (Technode)
  • Bytedance acquires database company Terark; Terark develops algorithms that speed up databases by compressing the data, and enables direct searches on the highly compressed data (Technode)
  • ByteDance faces global learning curve as TikTok runs afoul of local regulators; TikTok’s rapid expansion has been marred by regulatory problems in India, the United States and Indonesia (SCMP)
  • Tencent-Backed Waterdrop Seeks Valuation of More Than $1 Billion (Bloomberg)
  • Chinese sneaker-trading platform becomes unicorn with latest funding round (TIA)
  • Vlogs may be hot in China but investors remain cool (Technode)
  • More than 1,500 Chinese apps found to be collecting excessive personal information (KRA)
  • Server maker Super Micro to ditch ‘made-in-China’ parts on spy fears (Nikkei); Supermicro breaks ground for new plant in Taiwan (Digitimes)
  • Go-Jek investment arm makes first deal and it is an Indian e-sports startup (e27); Go-Jek collaborates with Tiket.com to launch Go-Travel (KRA)
  • Sofian Hadiwijaya of Warung Pintar, Transforming traditional kiosks: Startup Stories (KRA)
  • India’s Data Localization Remains A Key Challenge For Foreign Companies (Forbes)
  • Mobileground India: The Chinese invasion; The first wave of internet businesses may have belonged to America, but China’s startups and investors are now leading the wave to dominate the mobile internet in developing markets. What does this mean for India? (Forbes)
  • For Airbnb, India is the next China: Nathan Blecharczyk (Forbes)

Global Tech & Innovation Trends

  • The WeWork IPO Is Still Confidential. Here’s What We Know So Far. (MW)
  • Golden unveils a Wikipedia alternative focused on emerging tech and startups (TC)
  • IM raises $25M to help publishers engage with readers (TC)
  • Online pet-food retailer Chewy.com files to go public (CHWY) (BI)
  • Industrial-Technology Stocks Zebra Tech and Cognex Both Tumbled. That’s Great for Savvy Investors (Barron’s)
  • Shopify’s Latest Earnings Keep the Hot E-Commerce Stock Climbing (Barron’s)
  • I.P., Anki: yet another home robotics company powers down (Wired)
  • AI-Powered UiPath Scores $568M At $7B Valuation (CB)
  • This is why Spotify isn’t just talking the talk about podcasts (SR); Spotify Reaches 100 Million Paid Subscribers Ahead Of Apple Music (Forbes)
  • Uber’s enormous, vague IPO prospectus is an outrage; The 431-page document highlights what is wrong with the US public markets (FT)
  • The questionable economics of autonomous taxi fleets (FT)
  • The Terrifying Potential of the 5G Network; The future of wireless technology holds the promise of total connectivity. But it will also be especially susceptible to cyberattacks and surveillance. (NY)
  • Lesson of Disney’s ‘Endgame’: Go big or go home (Reuters)
  • Akamai beats, raises forecast on cybersecurity, content delivery demand (Reuters)

Life

  • 6 Questions for Warren Buffett at Berkshire Hathaway’s Annual Meeting (Barron’s); Frothy markets turn dealmaker Warren Buffett into a bankroller (Reuters)
  • A $4.4 Billion Accounting Error Burns Investors in China; One of China’s largest listed drugmakers Kangmei Pharmaceuticals said it overstated cash holdings by $4.4 billion (Bloomberg)
  • Hong Kong traded shares in Chinese peer-to-peer lending platform Gold-Finance tank after founder put in police custody; Shares in Gold-Finance tumble by as much as 70 per cent in the city on Tuesday (SCMP)
  • Australia’s largest construction comapny CIMIC has inflated profits by around 100% in the last two years through aggressive revenue recognition, acquisition accounting and avoidance of JV losses (GMT)
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