H.E.R.O.’s Journey in Tech (9 July 2018) – Tencent’s U.S. Music IPO Reflects More Upbeat Recording Industry + Paul Graham: The Power Of Keeping Your Identity Small In A Changing World


  • Tencent’s U.S. Music IPO Reflects More Upbeat Recording Industry. Tencent Music dominates the China market: it owns the most digital music copyrights in China and, in our view, has the most vibrant online music communities. Tencent has the advantage of a fully developed entertainment and content empire that encompasses the ubiquitous WeChat messaging app, games, video-streaming, a karaoke app and content-licensing deals with more than 200 international and domestic record companies. (Bloomberg)
  • Weibo and KDDI point the way for Chinese tourists in Japan; Location-based service will yield tips for visitors and data for advertisers (Nikkei)
  • Xiaomi Drops on Debut as Investors Question Internet Vision (Bloomberg); Millions of Xiaomi Shares May Be Underwater From Day One; A weak debut could push the stock below its cost price. (Bloomberg); Xiaomi’s Lei says Ma, Li investments show confidence in outlook (SCMP); How Xiaomi’s founder went from being just another programmer to leading a $54b IPO (TIA)

  • To become SEA’s everyday app, what can Grab learn from Meituan and WeChat: The race to become the everyday app for SEA. (KRA)
  • Ooh!Media to use machine learning in new automated marketplace (Adnews)
  • AmInvestment Research says 2H18 earnings for the technology sector will be driven by sensors, radio frequency chips and operational efficiencies. Inari and MPI are among companies that have expressed their intention to adopt automation next year. (Star)

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

  • Bicycles the new front line of Chinese internet giants’ fight for e-commerce dominance; Alibaba and Tencent are pouring cash into bike-sharing businesses as a way of drawing consumers into their burgeoning online commerce ecosystems (SCMP)
  • For China, Tech Giant Tencent Is Both a National Champion and a Threat: Company’s ubiquitous WeChat app has more than a billion users (WSJ)

  • Tencent’s WeGame platform in push to go global, heating up rivalry with PC gaming site Steam (SCMP)
  • Memory Loss: Prices Weaken for Chips Used in Smartphones, Self-Driving Cars; Tumbling prices helped lead Samsung to forecast lower-than-expected second-quarter profit (WSJ)

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

  • Streaming TV or Movie? Why It Matters to Amazon’s Profits; If proposed changes are enacted, TV producers could record profits more quickly than they do now (WSJ)

Asia Tech & Innovation Trends

  • Inside China’s Dystopian Dreams: A.I., Shame and Lots of Cameras (NYT)
  • Unicorns Are China’s Innovative Cavalry in Trade War; Beijing is choking off a lucrative pipeline of U.S. tech IPOs. (Bloomberg)
  • Zoox, Aussie led self-driving startup, closes in on $US3b valuation (Age)

Global Tech & Innovation Trends

  • Yelp’s Jeremy Stoppelman on his Big Tech fightback; Founder has fought a long battle with Google to protect his start-up (FT)
  • Adidas’ vision for the future: Personalization, fast (CNN)
  • Paypal to spend $3 billion a year on M&A: CEO to German paper (Reuters)


  • Paul Graham: The Power Of Keeping Your Identity Small In A Changing World (Medium)
  • Kintsugi: Embrace your imperfections and find happiness – the Japanese way Kindle Edition (Amazon)
  • Consistency Matters (IF)

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