H.E.R.O.’s Journey in Tech (1 August 2018) – If Nintendo’s recent success proves anything, building for the time is more important than making for the future + “There are two mistakes one can make along the road to truth – not going all the way, and not starting.” – Buddha

Companies

  • If Nintendo’s recent success proves anything, building for the time is more important than making for the future. (Techcrunch); Nintendo Climbs as Software Sales Bolster Quarterly Profit; Digital sales jump 68 percent, boosting profitability (Bloomberg); Nintendo finds cardboard cannot reignite Switch sales; Labo was meant to extend the life of the blockbuster hardware (Bloomberg); Both Sides Win in Sony vs. Nintendo Battle Royale; Games consoles are holding out against the mobile onslaught. (Bloomberg)

  • Sony Jumps to Decade High as PlayStation Drives Higher Forecast (Bloomberg)

  • Start Today quarterly profit down 26% as costs for Zozosuits mount; Orders expand for made-to-measure clothes but production delays hold up delivery of business suits (Nikkei)
  • China to Probe High-Flier PDD as Fake Goods Complaints Swirl (Bloomberg)
  • Sohu, a Chinese internet pioneer, tumbles out of the billion-dollar stock market club (SCMP)
  • IQIYI Shares Jump on Strong Forecast (Bloomberg)
  • Apple supplier Delta to buy Thai partner as tariffs hit China; Tender offer worth up to $2bn seeks to secure alternative export base (Nikkei)
  • LG Joins Growing List of Tech Firms Entering Toronto’s AI Scene (Bloomberg)

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

  • China’s Baidu credits AI for advertising recovery; Internet search company reports 45% increase in quarterly profit (Nikkei); Baidu Reports Strong Quarterly Results; Driving Baidu’s growth is artificial intelligence (WSJ, Bloomberg)
  • For Chinese retirees, WeChat is the hangout of choice; App counts over 50m users aged 55 to 70 as seniors embrace smartphones (Nikkei)
  • Samsung plans big investment as pressure grows to hire more (Nikkei)
  • This No-Brand Startup Won $240 Million to Fight Amazon on Price and Quality; Brandless sells about 300 home-goods staples, mostly for $3 each.; SoftBank’s nine-figure investment will cover a lot of $3 cookies, but Brandless will have to build customer loyalty if it winds up facing Amazon in a sustained price war (Bloomberg)

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

  • Privacy builds a wider moat for Apple’s margins (Reuters); Apple Loses Its Thrill, But Applaud the New Drill; Price increases and product introductions sensibly replace flashy iPhone sales. (Bloomberg)

Asia Tech & Innovation Trends

  • China’s battle with ‘dark water armies’; Hordes of fake online accounts are used by companies and celebrities to inflate their followings (FT)
  • Smart Warehouses Speed Up E-Commerce in China; Trend promises to add enormous costs to warehouse development and raises question of who will pay for it (WSJ)
  • Huawei Passes Apple in Smartphone Share for the First Time (Bloomberg)
  • Hong Kong fintech fundraising slows down to a trickle as China steals the show in the first half (SCMP)
  • Apple suppliers glow in Asia after bumper revenues (FT)
  • This online marketplace lets small businesses turn invoices into cash (TIA)
  • Go-Jek goes live with motorcycle taxis and couriers in Vietnam today (KRA)
  • Groundprobe’s light detection and ranging (LiDAR) system is able to detect sub-millimetre movements in rocks, versus the two-centimetre-plus accuracy range of existing LiDAR collapse detection solutions. (AFR)
  • Indian smartphone industry finds it’s what’s inside that matters; Focus moves to electronics and handset production in response to influx of foreign brands (FT)

Global Tech & Innovation Trends

  • New York-based Willow will sell incontinence products online; Older people are ignored by Facebook marketers, founder says (Bloomberg)
  • GoPro: For CEO Nick Woodman, It’s Been a ‘Journey’ (Barron’s)
  • Pandora CEO: ‘We See Continued Strength in Digital Audio’ (Barron’s)
  • A revolution in your ears: Start-ups in the headphone market offer innovative twists on a traditional product. The global headphone market is estimated to be worth about $13bn annually (FT)
  • Nobody Says ‘Zelle Me’: Banks Struggle to Catch Up to Venmo; Usage for the bank-backed money-transfer service is up, but most lenders haven’t signed on (WSJ)
  • eMusic seeks to raise $70 million for blockchain music platform (Reuters)
  • Software maker Freshworks raises $100 million; valuation at $1.5 billion; Freshworks competes with Salesforce.com Inc, Servicenow Inc and Atlassian Corp Plc, in offering customer relationship management and analytics software. (Reuters)
  • Waymo’s Self-Driving Cars Are Near: Meet the Teen Who Rides One Every Day; Alphabet is experimenting with prices and finalizing its business model before unleashing its autonomous fleet in Phoenix this year. (Bloomberg)
  • Square Earnings Face High Bar After Nearly 100% Share Surge (Bloomberg)
  • A Crucial Part of Tech Rallied the Moment FANG Started Cratering (Bloomberg)
  • Tycoon Is Ready to Make $15 Billion of Sweet Music; As ever with Vivendi, the question is how shrewdly he reallocates his capital. (Bloomberg)
  • Amadeus Is Holding Talks With Thoma Bravo for TravelClick (Bloomberg)
  • Despite pledging openness, companies rush to patent AI tech (Wired)
  • The MoviePass Business Model Just Imploded. Here’s Why; Four lessons about business model innovation we can learn from MoviePass. (Inc)
  • SolarCity Booked “Millions in Phantom Revenue”, Created “Bogus Accounts” Ex-Employee Claims (ZH)

Life

  • “There are two mistakes one can make along the road to truth – not going all the way, and not starting.” – Buddha
  • 33 Ways To Be An Insanely Productive, Happy Balanced Person (Ryan Holiday)
  • Hard work is overrated: Why Jack Ma told new employees to be lazy (TIA)

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