H.E.R.O.’s Journey in Tech (2 August 2018) – Xero and the rise of open-architecture, cloud based small business accounting software + “There are risks and costs to action. But they are far less than the long-range risks of comfortable inaction.” – John F. Kennedy

Companies

  • Technopro holdings full year revenue increases 16.4%, profits improve (SI)
  • Apple supplier Delta calls tariffs ‘bombshell’ on global trade; Shares of power component supplier and Thai associate soar on buyout announcement (Nikkei); Delta Electronics to fully acquire Thailand joint venture (Digitimes)
  • Innodisk Releases Industrial-Grade 3D NAND at Flash Memory Summit (PRNews)
  • Xero and the rise of open-architecture, cloud based small business accounting software (Bronte)

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

  • Baidu shares tumble most since May on report Google to launch censored search app in China (SCMP, Bloomberg, Bloomberg)
  • Baidu follows Tencent’s lead in building ‘super app’ ecosystem with new service (SCMP)
  • The secret to WeChat mini-games’ success: Interview with Li Qing, director of mini-games department (Technode)
  • Starbucks Inks Alibaba Partnership to Drive China Deliveries (Bloomberg)
  • Tencent-backed Douyu bans live streamer over Nanking massacre comments and vows to send all hosts for patriotic education (SCMP)
  • Inside Masayoshi Son’s secret meetings with the founders he picks for his $100 billion Vision Fund (CNBC)
  • Samsung borrows from Chinese playbook in battle for India’s smartphone market (Reuters)

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

  • Tourists Are Swapping Their Japan Guide Books for Instagram (Bloomberg)
  • WhatsApp to start charging business users (Reuters); Facebook’s New Message to WhatsApp: Make Money; Messaging service WhatsApp, which has a user base of roughly 1.5 billion, is set to start showing ads in its Status feature next year (WSJ)
  • As Apple Claws Toward $1 Trillion, Ghost of Past Giants Haunt It (Bloomberg); Apple both is and isn’t already a $1 trln company (Reuters); Apple’s ride to $1 trillion – The magic number that gets it there (Reuters)
  • Facebook and Instagram now show how many minutes you use them (Techcrunch)
  • Amazon is planning to give Prime Video a big makeover (Techcrunch)

Asia Tech & Innovation Trends

  • ByteDance set to merge Musical.ly with Tik Tok into one global video platform under Tik Tok brand; Tik Tok’s China version, Douyin, is not part of the rebranding and will stay as a stand-alone app (SCMP)
  • Southeast Asia’s Grab mops up $1 billion funding from financial firms (Reuters)

Global Tech & Innovation Trends

  • Fitbit CEO: The Versa Watch Is Helping ‘the Entire Product Line’ (Barron’s)
  • Insurtech firm wefox in talks with suitors including Softbank – sources (Reuters)
  • Employers buy into ‘Netflixisation’ of executive education; Start-ups offer gamification and other eye-catching alternatives to classroom training; Big ambitions: Jean-Marc Tassetto wants Coorpacademy to be Netflix for corporate learning (FT)
  • Auto suppliers retool to chase electric vehicle bonanza (Reuters)

Life

  • “There are risks and costs to action. But they are far less than the long-range risks of comfortable inaction.” – John F. Kennedy

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