H.E.R.O.’s Journey in Tech (16 April 2018) – Tencent-Backed Fashion App Meilishuo Is Seeking a $4 Billion U.S. IPO + Lack of values will kill your startup

Companies

  • Fisco 2nd Forecast for Hosokawa Micron <6277> (Kabutan)

Fisco 2nd Forecast for Hosokawa Micron <6277> After three months expected stock price 8,500 yen

Top manufacturer of powder equipment. We also process consigned powder products. Reputation for technical strength. In addition to powder related products, manufacturing and sales of plastic thin film manufacturing equipment are also available. In medium-term plan, we aim to earn an operating profit of 5.6 billion yen in 20.9. Estimated payout ratio 30%. Increase in 1Q for 18.9. We have expanded orders for powder equipment for foods, electronic materials, chemicals, mineral products and others. Both contract processing and plastic thin film manufacturing equipment also grow in Japan and abroad. In the 18.9 term, we anticipate higher sales and higher profits than our company plan. Continuous increase expected.

  • A Tencent-Backed Fashion App Is Seeking a $4 Billion U.S. IPO (Bloomberg)

Meilishuo, which merged with rival Mogujie in 2016 to form a company with $3 billion in sales, was said to have been valued at $3 billion at the time of that deal. The company, whose name means “Beauty Talk,” is one of the more popular fashion and cosmetics retailers online, a niche it’s clung to despite the dominance of Alibaba Group Holding Ltd. and JD.com Inc. Meilishuo’s envisioned $4 billion valuation is an initial target and could change if a deal proceeds, the people said. Meilishuo, founded in 2009, runs an online marketplace selling clothes, shoes and handbags. As of 2016, it had about 15,000 merchants on its website and a mobile application that had been downloaded 100 million times. That year, it merged with Mogujie, founded in 2011 with about 130 million registered users.

  • The Humbling of Tech in China: Heady valuations don’t apply in a censored market. (Bloomberg)

  • Robot injections? Makers look to bring automation to health care; Latest devices could let doctors work remotely and help elderly move around (Nikkei)

Japan’s Yaskawa Electric is keen to promote its robots that help with restricted ankle mobility and in upper-limb rehabilitation for people who have suffered strokes, for example. Its mobility-assistance robot uses data from sensors and built-in motors to help the wearer with walking exercises. Kawasaki Heavy Industries has partnered with Sysmex, a manufacturer of testing and diagnostic devices, to set up a joint venture, Medicaroid. The partners are considering setting up a medical robot factory in Hyogo Prefecture, western Japan, by around 2020. Yasuhiko Hashimoto, CEO of the joint venture, said robot technologies can help alleviate the problems of a rapidly aging society.

  • Healthconn Corp (康聯生醫) on Friday said it plans to raise NT$40 million (US$1.37 million) through the issuance of new shares, as the company prepares to make its local debut on the Taipei Exchange later this year. The Taipei-based subsidiary of Hon Hai Precision Industry Co (鴻海精密) said its board has agreed to issue 4 million news shares to increase working capital. Caswell Inc (瑞祺電通), a Hon Hai Group (鴻海集團) unit, is to debut on the stock exchange today at an initial public offering price of NT$101. Caswell, whose business involves the network communications and industrial computing fields, is 38.73 percent held by the group through its industrial PC arm, Ennoconn Corp (樺漢科技). (TaipeiTimes)
  • SoftBank’s Billions Spur Global Race to Pour Money Into Startups: The rush of venture funds has led to bidding wars and heightened concerns that the sector is overvalued (WSJ)

Asia Tech & Innovation Trends

  • Watch Out, the Robot Shipbuilders Are Coming (Bloomberg)
  • With Smartphone Battle Lost, Japan Now Trails on Connected Cars (Bloomberg)
  • Unlockd pulls IPO plans as Google threatens company’s future with app ban (AFR)

BAT – Baidu, Alibaba, Tencent

  • Alibaba’s Film Unit Unveils Unhappy Sequel: More Red Ink (Forbes)
  • Tencent, Samsung Electronics Co., Alibaba and TSMC are MSCI Asia Pacific Information Technology index’s largest members, accounting for 45 percent of its weight (Bloomberg)

Rouge Tech

  • Online fresh food delivery company Aussie Farmers Direct was considering an initial public offering only months before collapsing in March 2018, owing more than $80 million to creditors including franchisees, staff and primary producers. (AFR)
  • ASX listing issues hit once Turnbull-backed PlayUp (TheAge)

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

  • How These Investors Saw Facebook’s Privacy Scandal Coming; Certain funds heeded a warning by MSCI about Facebook’s privacy practices (WSJ)
  • Some Stock Pickers Are Ready to Drop the ‘F’ in FANG; Fund managers have soured on Facebook since its revelation that millions of users’ data were compromised (WSJ)

Global Tech & Innovation Trends

  • What happens when fintech valuations come back down to Earth? (FT)
  • Does the World Really Need an AI-Powered Dark Pool? (Bloomberg)
  • Silicon Valley Venture Capitalists Prepare for an I.P.O. Wave (NYT)

Life

  • Lack of values will kill your startup (TNW)

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