H.E.R.O.’s Journey in Tech (2 July 2018) – Chinese e-commerce player Pinduoduo files for US$1 billion US IPO + What the World’s Best Restaurant Knows About Keeping Its Creative Edge

Companies

  • Chinese e-commerce player Pinduoduo files for US$1 billion US initial public offering (SCMP)
  • Kogan.com quiet on potential ‘material’ hit from GST (TheAge)
  • Listed online furniture retailer Temple and Webster has become the third major retailer in the country to introduce a visual search function to its website (AFR)
  • Online marketer Performcom fronts fundies for IPO; Macquarie on board (AFR)

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

  • Baidu’s $1 bln buyback is too little or too much (Reuters)
  • CCTV calls Tencent’s QQ a hotbed of crime, Tencent says they are working on it (Technode)

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

  • Facebook, Google Aren’t Tech Stocks? What That Means for Investors; Changes by index providers mean that funds tracking the current telecom, tech and consumer-discretionary sectors will be forced to trade billions of dollars of shares to realign their holdings (WSJ)
  • Why Amazon Needs to Do Everything: Tech giant’s surging market value is predicated on hitting lofty growth ambitions (WSJ)
  • Amazon’s PillPack Deal Gives It Access to Sensitive Health Data; Amazon, master of shopping behavior, will now know prescriptions (WSJ)

Asia Tech & Innovation Trends

  • How young Chinese are reshaping their society with virtual gifts; Livestreaming platform Wuhan Douyu is estimated to be worth $4.6bn (Nikkei)
  • China backs $15bn tech fund to compete with Japan’s SoftBank; Fund to look at global deals even amid concern over inflated tech valuations Hong Kong – where China Merchants Group is headquartered (FT)
  • China’s vending machines get smart; Palm scanners dispense with need for cash, credit cards, even smartphones (Nikkei)
  • China isn’t playing tech catch up – it’s leapfrog and it may get dirty (SCMP)
  • China counts on AI to find a cure for its ailing health care system (SCMP)
  • Taiwan’s Technology Secrets Come Under Assault From China: Trying to break into semiconductor markets, mainland companies are accused of poaching employees and stealing data (WSJ)

Global Tech & Innovation Trends

  • TomTom Falls After Report Apple Is Building Own Maps Database (Bloomberg); Apple rebuilds mapping app, but will still tap TomTom (Reuters)

Life

  • What the World’s Best Restaurant Knows About Keeping Its Creative Edge (HBR)

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