H.E.R.O.’s Journey in Tech (14 August 2018) – Firms create value through purpose — a moral or spiritual call to action.

Companies

  • Lifull Home’s launches 3D property listings (AIM)
  • China Literature Ltd., the e-books business spun off by Tencent Holdings Ltd., tumbled as much as 15% since its IPO after agreeing to buy New Classics Media from its controlling shareholder for as much as 15.5 billion yuan ($2.3 billion). Analysts are skeptical of the New Classics acquisition in part because one Tencent affiliate is buying another one at a price that may benefit the parent company. It’s also not clear the acquisition makes strategic sense for China Literature (Bloomberg)
  • Tencent-Backed Chinese EV Maker Seeks $1.8 Billion U.S. IPO (Bloomberg)
  • How Story of Yanxi Palace’s back-stabbing imperial concubines helped China’s iQiyi set a viewership record (SCMP)
  • Sunny Optical faces cloudy outlook as shares head for biggest fall in 11 years on profit miss and yuan depreciation (SCMP)

  • Trouble With COGS Hits Foxconn’s Profit Machine; Many component suppliers are hurting from higher prices. Some are winning. (Bloomberg)

  • NCSoft’s Q2 operating profit up 325% to W159.5b (Investor); NCSoft to repurchase W237.5b stocks (Investor)

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

  • People’s Daily article calls for mobile payments companies to tighten consumer protection measures (SCMP)
  • Alibaba: The BABA 20-F….Financial Comedy Gold!! (DT)
  • How Tencent used ‘micro-innovation’ to make WeChat a success (TIA)
  • Tencent Drops After China Shuts Down PC Game Following Debut (Bloomberg, Reuters, WSJ)

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

  • Amazon’s new cloud feature helps businesses avoid traffic crashes (CNN)
  • YouTube: how vloggers became the new Oprah Winfreys; Some web stars make millions of dollars, but the stress of creating daily content can take its toll (FT); YouTube Offers Cash If Stars Stump for New Features (Bloomberg)
  • Google’s DeepMind To Create Product to Spot Eye Disease; Clinical trial next for DeepMind project with U.K.’s Moorfields Eye Hospital (Bloomberg)
  • Nvidia rolls out new chip technology for filmmakers (Reuters)

Asia Tech & Innovation Trends

  • How China’s mobile leasing platforms have made renting a home cheaper (SCMP)
  • Former Tokyo-based engineer emerges as big winner from China’s love affair with the QR code; Beijing Inspiry Technology Co. is among companies cashing in on the shift to smartphone-based mobile payments in China (SCMP)
  • Hospitals in Japan turn to high-tech to treat language barriers; Multilingual AI service among new offerings to help staff deal with foreigners (Nikkei)
  • Three Indonesian tech unicorns unite to back digital insurance startup (Techcrunch)
  • India Looks to Curb U.S. Tech Giants’ Power; Draft rules call for companies to store local user data in India and make it accessible to government (WSJ)
  • India tech companies turn to AI-powered recruitment (Nikkei)
  • India’s budget hotel network OYO moves into wedding banquet services (Techcrunch)
  • How This Google-Backed Startup Cracked The Code To Hyper Convenience In India (Forbes)
  • Azendian Solutions applies data science with human touch to keep employees sane (Edge)

Global Tech & Innovation Trends

  • Tech Giants Pledge to Ease Patient, Provider Access to Health Data; Promise seen as opportunity to bring on data-driven revolution in health care (WSJ)
  • How Box Conquered the Enterprise and Became a $1.7 Billion Company in a Decade (PH)
  • Understanding Truecaller’s Growth Model and how to Launch in New Markets (Medium)
  • Roomi Wants to Help You Avoid Rooming With Sketchy Strangers (Bloomberg)
  • Silicon Valley’s Unicorn Elite Are Sitting on $60 Billion in Untapped Wealth (Bloomberg)
  • How a Billion-Dollar Autonomous Vehicle Startup Lost Its Way; Troubles at lidar company Quanergy point to difficulties in a highly-hyped industry. (Bloomberg)
  • AI raises $8M to use artificial intelligence to improve call centers (Techcrunch)
  • Jack Dorsey: Twitter Is ‘Thinking About Values’ to Adopt (Barron’s)
  • Snapchat’s users slide in latest setback for social media (Australian)
  • The Co-Founders of Wish Are Now Billionaires (Bloomberg)
  • After Tesla Buyout Tweet, Some Investors Wonder: Where Was Nasdaq? Elon Musk’s ‘financing secured’ buyout tweet last week touched off 80 minutes of frenzied trading before Nasdaq called a halt (WSJ)
  • Market’s Too Tough on Microchip (Morningstar)
  • Banks and Retailers Are Tracking How You Type, Swipe and Tap (NYT)

Life

  • 6 key lessons from Elad Gil’s High Growth Handbook (Reforge)
  • 7 of Apple’s Top Execs Tell You How They Approach Feedback at Work (MA)
  • What’s the Purpose of Companies in the Age of AI? Firms create value through purpose — a moral or spiritual call to action. (HBR)

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