H.E.R.O.’s Journey in Tech (23 July 2018) – Tencent-backed Game Streaming Platform Douyu Said To Raise $700M In US IPO

Companies

  • China travel giant Ctrip wants to book a bigger seat in international markets with Trip.com brand (SCMP)
  • Chinese Search Engine Sogou Is Becoming An AI-Powered Smart Hardware Company (CMN)
  • Tencent-backed Game Streaming Platform Douyu Said To Raise $700M In US IPO (CMN, Technode)
  • China Targets Apple With Push Into Advanced Smartphone Screens; If BOE succeeds, it would not only prove its manufacturing prowess but also score a win for China in its tech race against South Korea and Japan (WSJ)
  • China’s JD.com plans move into Europe: CEO tells German newspaper (Reuters)

  • Uchi sees FY19 harvest for new “energy control” product aimed at US. makes electronic control modules for consumer and industrial electrical and electronic appliances such as high-end coffee machines under its “art of living” category, and biotech segment featuring precision weighing scales. In FY17, the art of living category contributed 84% to the group’s revenue, with the remainder from biotech (Edge)

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

  • Alibaba, Tencent in talks over stake in WPP’s Chinese unit: Sky News (Reuters)
  • The World’s Most Powerful App Is Squandering Its Lead; WeChat is leaving money on the table. (Bloomberg)

  • SoftBank Plans Payments Service for Japan by Year-End (Bloomberg); Taxi-Hailing Apps Take Root in Japan as SoftBank, Didi Join Fray (Bloomberg)

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

  • Voice Assistants: How Amazon and Google Are Progressing (Barron’s)
  • Inside Google’s Venture Capital “Machine” (Axios)

Asia Tech & Innovation Trends

  • China’s Didi faces challenge from new rival Meituan: Didi dominates ride-hailing in China but could be vulnerable (Nikkei)
  • Wild About Tech, China Even Loves Robot Waiters That Can’t Serve; Some in China are building a future that isn’t quite ready. Still, the exuberance may be a good thing, as useful products find their place and bad ones disappear. (NYT)
  • Japan Inc. frets about a possible ‘Bank of Amazon’; Towering online players like Google make the country’s megabanks look puny (Nikkei)
  • Rental clothes add a new wrinkle to fashion in Japan; Apparel sector tries on monthly subscriptions to fit changing consumer attitudes (Nikkei)
  • The Australian company dubbed “Airbnb for campervans” has secured a landmark ruling from the ATO to allow owners to claim new tax deductions when renting out caravans and motorhomes. (AFR)

Global Tech & Innovation Trends

  • Universities withstood MOOCs but risk being outwitted by OPMs: Most revenue from web degrees goes not to their providers but to middlemen (Economist)
  • Qualcomm-NXP Deal Faces Moment of Truth With China ‘Yes’ or ‘No’ (Bloomberg)
  • Atos to Buy Information-Tech Firm Syntel for $3.4 Billion (Bloomberg)

Life

  • Marc Andreessen & Ben Horowitz (WP); Andreessen & Horowitz 2 (WP)
  • Dealing with challenges with an outward mindset (BP)

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