H.E.R.O.’s Journey in Tech (19 July 2018) – Charlie Munger: The Power Of Not Making Stupid Decisions

Companies

  • Trend Micro’s ‘Connected Threat Defense’ to Help Enterprises Secure Themselves From Newer Threats (DQI)
  • China’s iQiyi snaps up game maker Skymoons in $300 million deal (Reuters)
  • JD Logistics Makes Strategic Investment In Smartphone Repair Start-up Jikexiu.com (CMN); How E-Commerce Is Transforming Rural China; JD.com is expanding its consumer base with drone delivery and local recruits who can exploit villages’ tight-knit social networks to drum up business. (New Yorker)
  • Pinduoduo, China’s Groupon Is on Offer-at Full Price (WSJ)

  • China EV Battery Boom Set to Turn Ugly as Subsidies Revised. Buffett’s BYD, CATL are best sector bets: Bernstein’s Newman; Auto of future will need high-density, long-range batteries (Bloomberg)
  • Beijing-based Pintec Technology, an online platform that connects businesses and financial services firms in China, filed a prospectus on Monday with the U.S. SEC to raise $70m. The company reported close to 21 million registered users for its point-of-sale financing and business instalment loans as of March 2018. (KRA)
  • Chinese digital education player Koolearn.com seeks HK float; While the revenue seems to be on a decline, the firm’s foray into the K12 online education sector might yield its fruits in the long run (KRA)
  • Taiwan’s Nanya warns DRAM supercycle is ending; U.S.-China tech cold war makes chip industry cautious on investment, chief says (Nikkei)
  • Kakao Ventures invests W1b in shift scheduling app for nurses (Investor); Following an inter-subsidiary acquisition, Kakao Friends, a character licensing subsidiary of mobile software giant Kakao, changed its name to Kakao IX (Investor)
  • Afterpay surges 20pc after earnings increase (AFR)
  • Singtel-owned Amobee to buy bankrupt Videology’s assets (KRA)

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

  • China’s top homework-helper app Zuoyebang raises $350m; Zuoyebang occupies 70 percent of the K-12 online education market, with close to 70 million monthly active users. Zuoyebang, or “homework help” in Chinese, began as part of Baidu in 2014, and was one of the earliest startups in the online education sector in China. It started on Baidu’s Q&A site Baidu Zhidao, a Yahoo Answers-like site, where users can pay a fee to use the platform and get answers for their homework questions through posting pictures or asking questions. Baidu later spun it out in 2015 as in independent Q&A site, recognising its popularity among primary school and middle-school students. (KRA)
  • Alibaba, Tencent, and Sustainable Investing (Barron’s)
  • Alibaba Buys $2.2B 10.3% Stake In China’s Digital Media Firm Focus Media To Gain Offline Traffic (Reuters, CMN)
  • Kuaishou launches Snap Spectacles-like product as Tencent Weishi gets a new action cam (KRA)
  • Masayoshi Son’s ‘crazy’ act wears thin; SoftBank founder must use Tiger deal to reassure investors worried about Vision Fund (Nikkei); SoftBank, Didi to Roll Out Taxi-Hailing Business in Japan (Bloomberg)

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

  • Voice Assistants: How Amazon and Google Are Progressing (Barron’s)
  • Amazon in talks to invest in India’s MedPlus: FactorDaily (Reuters)
  • Google’s Grip on Search Is Secure, but Getting Pricier; EU ruling won’t diminish Internet giant’s dominance, but could raise its cost of doing business (WSJ)
  • Google takes another step into Chinese market with AI drawing game on WeChat (SCMP)
  • Netflix was the great disruptor. Will it now be disrupted? (WaPo); Netflix’s Unanswered Questions (Barron’s); The Netflix dilemma – updated (FT); Does Netflix Have a Currency Problem? (Barron’s); Netflix: Will Walmart Try to Undercut It on Price? (Barron’s); Netflix takes another step into audio with Sirius XM deal (FT); Netflix Creating Comedy Radio Channel With SiriusXM; Satellite-radio comedy channel expected to launch by January (WSJ)

Asia Tech & Innovation Trends

  • Douyin to launch matching service for KOLs and businesses (Technode)
  • Shanghai savers sound the alarm as more P2P lenders fail to return funds (SCMP)
  • In China, yellow robots deliver snacks to your home (AsiaOne)
  • Beijing did a tech reality check on its industrial champions. The results were not amazing; The country’s big conglomerates are almost totally reliant on foreign suppliers for key components, countering suggestions that China is on the verge of being a technological superpower (SCMP)
  • AI arms race: the Chinese Communist party entangles big tech; By making new technology a priority, Beijing is placing a large bet on a small group of private sector companies (FT)
  • China Bike-Sharing Giant Ofo to Shut Most U.S. Operations; Beijing-based company has more than 40,000 bicycles in more than 30 U.S. markets (WSJ)
  • Table booking app Eatigo secures more funding from TripAdvisor (KRA)
  • Grab to tackle ASEAN’s traffic tangles amid antitrust pressure; Ride-hailing startup’s new Singapore AI lab to share findings with governments (Nikkei)
  • Movie ticket platform Choovie turns to equity crowdfunding (Age)

Global Tech & Innovation Trends

  • Rolls-Royce looks to robot snakes and beetles for engine upkeep (Reuters)
  • Semiconductor bellwether ASML beats forecasts, sees momentum growing (Reuters); Micron and Intel Part Ways, and Micron Bulls Love It (Barron’s)
  • Driverless car start-up Zoox raises $500m in new funding; Company gears up to take on larger rivals including Waymo and GM’s Cruise (FT)
  • Firms Look to Emerging Tech to Drive New Business Models; While CIOs are increasingly being tasked with deploying and overseeing the new capabilities (WSJ)
  • Mobile-Gaming Company Jam City Preparing for Fall IPO; The company, led by a Myspace co-founder, could seek a valuation around $1 billion later this year (WSJ)

Life

  • Charlie Munger: The Power Of Not Making Stupid Decisions (Medium)
  • The Three Stages of Failure and How to Fix Them (James Clear)
  • Bill Miller: What Value Investors Are Doing Wrong; Miller believes value investors are concentrating too much on valuation and are not conducting a proper analysis of the underlying business (GF)
  • To See the Future of Competition, Look at Netflix (HBR); Simply Brilliant: How Great Organizations Do Ordinary Things in Extraordinary Ways Hardcover – September 20, 2016 (Amazon)

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