H.E.R.O.’s Journey in Tech (10 July 2018) – Sony reclaims electronics crown after 15-year hiatus; Strength in gaming, music and film pushes market value ahead of Keyence + Billionaire’s Secret Buyout Formula: 110 Instructions and an Intelligence Test: Robert Smith’s private-equity firm revamps software companies by following detailed protocols; ‘their process is like a factory’

Companies

  • Cookpad enters food EC business, announces “Cookpad mart” which can buy “commitment food” of the shop in town by application (Techcrunch)
  • Sony reclaims electronics crown after 15-year hiatus; Strength in gaming, music and film pushes market value ahead of Keyence (Nikkei)
  • Rakuten Lifull Stay Inc. offers financing support (AIM)
  • Finjan and Trend Micro enter patent licence agreement; Trend Micro will gain access to Finjan’s cybersecurity patent portfolio, whilst Finjan will use the agreement to help strengthen its cybersecurity technologies. (IPPP)
  • Tencent Music plans US IPO, inspired by Spotify; China’s top streaming service skips Hong Kong to seek higher valuation. Spotify owns 9% of Tencent Music, while the latter holds a 7.5% stake in Spotify. (Nikkei)
  • Tencent-backed health care platform WeDoctor shrugs off bear market concerns, prepares for Hong Kong IPO (SCMP)
  • iQiyi: What to expect from the integration of AI and entertainment (Technode)
  • Chinese OTA Tongcheng-ELong heads for $1B Hong Kong IPO amid increasing competition: Tongcheng ELong joins the IPO bandwagon at the Hong Kong bourse. (KRA)
  • Bilibili: Chinese Millennials Are Flocking To This Anime And Gaming Site, But Can It Make Money? (Forbes)
  • Xiaomi/Chinese IPOs: cell division; Smartphone maker needs to reduce its reliance on selling handsets (FT); Xiaomi envisions non-smartphone future after lackluster IPO; CEO seeks to grow internet services and e-commerce (Nikkei)
  • Chinese luxury retailer Secoo drives expansion via US$175m deal with JD.com, L Catterton; Secoo runs an integrated online and offline shopping platform, which consists of Secoo.com, mobile applications and so-called offline experience centres (SCMP)
  • BMW agrees to $4.7bn contract with China’s CATL for battery cells (Nikkei)
  • Hiwin June revenues hit record; Hiwin has become a components supplier for automobile manufacturing equipment makers for Toyota, Honda, Nissan and Suzuki as well as South Korea-based automakers (Digitimes)

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

  • True dominance of China’s Baidu, Alibaba and Tencent revealed – and how their influence extends worldwide (SCMP)
  • Ant Financial sees huge growth for cashless payments in South America, Africa; China’s largest online payment operator anticipate mobile wallet services will be readily embraced by emerging markets outside Asia (SCMP)
  • Masayoshi Son seeks to convince world of SoftBank’s true worth; Billionaire hopes telecoms spin-off will help show investors his group is undervalued (FT); SoftBank aims to raise $22bn from mobile unit IPO (Nikkei); SoftBank to buy $2 billion of Yahoo Japan shares held by Altaba (Reuters)

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

  • Microsoft to Sell Low-Cost Surface to Compete With Apple’s iPad; New 10-inch Surface Go ships Aug. 2 in the U.S. and two dozen other markets (WSJ)

Asia Tech & Innovation Trends

  • China’s Unicorns Are Stampeding Into an IPO Quagmire; Dwindling private appetite sparked a rush into public markets, but that’s not working out well. (Bloomberg); Woohoo.the biggest coming out party of unicorn IPO, what’s your pick? Recently an army of Chinese tech startups is screaming for “IPO in HongKong”. (KRA)
  • Chinese AI firm Xiaoi sees profits and sales doubling on surging demand, plans IPO (SCMP)
  • Tokyo blockchain conference looks to uses of technology beyond headline-grabbing cryptocurrencies (JT)
  • Reliance JioGigaFiber Threatens Broadband Disruption in India (Bloomberg)
  • Fyle: Making reimbursement filing a breeze; This Bengaluru-based startup has managed to streamline the laborious process using AI (Forbes)
  • Grab Opens its App in an Attempt to Build a Tencent-Like Service (Bloomberg); Grab to launch grocery delivery service in race for growth (Reuters)

Global Tech & Innovation Trends

  • European sport tech group Sportradar valued at $2.4bn; Canada Pension Plan and TCV snap up stakes in Michael Jordan-backed company (FT)
  • Spotify: How Apple, Amazon, and Others Could Affect Its Plans (Barron’s)
  • Computing: What the ‘Edge’ Could Mean for the Cloud (Barron’s)
  • Applied, Lam: Will Next Year See a Decline in Chip Equipment? (Barron’s)
  • Hottest U.S. Tech IPO Since Zscaler Will Face Analyst Appraisal (Bloomberg)
  • Sonos Is Going Public Just as Partners Want Its Customers (Bloomberg)
  • How GitHub Democratized Coding, Built a $2 Billion Business, and Found a New Home at Microsoft (PH)

Life

  • Billionaire’s Secret Buyout Formula: 110 Instructions and an Intelligence Test: Robert Smith’s private-equity firm revamps software companies by following detailed protocols; ‘their process is like a factory’ (WSJ)
  • The Nine Essential Conditions to Commit Massive Fraud (Brown)

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