H.E.R.O.’s Journey in Tech (18 July 2018) – Japan’s top robot makers link platforms for smart factories: Fanuc, Mitsubishi Electric and DMG Mori let manufacturers share data across sites

Companies

  • Japan’s top robot makers link platforms for smart factories: Fanuc, Mitsubishi Electric and DMG Mori let manufacturers share data across sites (Nikkei)
  • Activist fund Elliott Management takes 5% stake in Alpine; Market watches for impact on takeover proposal by Apple supplier Alps (Nikkei)
  • Rakuten builds own logistics network as delivery costs rise; E-commerce company to open hubs in Osaka and Chiba (Nikkei)
  • Pinduoduo: A close look at the fastest growing app in China (TIA); Ex-Googler Set to Join China’s Top 25 Richest With Tech IPO Pinduoduo (Bloomberg)
  • HKEX agrees to educate China investors about shares with weighted voting rights, pushes up Xiaomi stock (SCMP)
  • China’s CATL to get $420 million upfront from BMW-Brilliance battery deal (Reuters)
  • Innodisk Solution Delivers Uncrackable SSD Encryption and Easy Management (PRNews)
  • TechnologyOne stocks gain after accounting change update. The announcement provided clarity to investors who had been concerned that the adoption of new accounting standard AASB15, which requires businesses to recognize revenues from customer contracts when the services are provided, would negatively affect its future profits. The company said the accounting changes would result in an estimated $10 million reduction in its 2019 full-year profit relating to annual licences as revenues were booked daily rather than annually. Meanwhile, profits relating to Software as a Service (SaaS) deals would be reduced by $17 million as one to five-year subscription contracts that had previously been booked upfront would be booked daily. (AFR)
  • Cashless payment solutions provider Revenue Group Bhd made a strong debut on the ACE Market of Bursa Malaysia (Star)
  • IPTV’s Jio moment; As Jio aims to take a stab at broadband, does it mean a new birth for IPTV? (Forbes)
  • Why Infosys has lost its IT bellwether tag; Waning FII interest, low profitability and rising attrition rate show Infosys is losing sheen (Livemint)

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

  • Google launches its first WeChat mini program as its China experiments continue (Techcrunch)

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

  • Big Tech’s Growth Comes With a Big Bill; Tech giants are delivering above-average growth, but the cost of staying competitive is rising more (WSJ)
  • Amazon’s Prime Day Evolves From Rummage Sale to Must-Shop Event (Bloomberg)
  • Google Cloud Has Disruption, Bringing Snapchat, Spotify Down (Bloomberg)
  • Walmart, Microsoft in partnership to use cloud tech (Reuters)
  • A lot of opportunity ahead in India: Reed Hastings (Forbes)

Asia Tech & Innovation Trends

  • Ofo: Wheels of fortune; Can a Chinese firm export its bicycle-sharing scheme to a nation of car lovers? It won’t be easy (Forbes)
  • Beijing’s new Zaha Hadid-designed airport to showcase latest facial recognition technology (SCMP)
  • A Chinese company makes an ultra-thin, bendable TV screen that works like a sticker (SCMP)
  • Home DNA Testing Gains Popularity in Aging Japan (Bloomberg)
  • Wanted, a referral-based social recruiting platform, said that it is acquiring the core assets of Seoul-based data analytics firm Kredit Data. (Investor)

Global Tech & Innovation Trends

  • Business models that rely on inertia are better than transactional models (tune in tonight! tune in tomorrow morning!) and this is why subscription-based business models are valued more highly (Salesforce, Adobe) vs the hardware sector (Intel, Cisco) (Brown)
  • Driverless car start-up Zoox raises $500m in new funding; Company gearing up to take on larger rivals including Waymo and GM’s Cruise (FT)
  • This visualization of Venmo’s public data is terrifying (TNW)
  • Chef’d Meal-Kit Maker Suspending Business; Startup has churned through tens of millions of dollars in cash from venture capitalists and big food companies (WSJ)
  • UPS IT Chief Says Analytics Project Will Improve Logistics Planning; Coming to employees likely by year’s end: A predictive analytics tool that analyzes over 1 billion data points daily (WSJ)

Life

  • Driving growth is a relentless daily pursuit: Zocdoc President of Health Systems Kevin Kumler shows what it means to embed growth into the business. (McKinsey)

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