H.E.R.O.’s Journey in Tech (30 August 2018) – Global accounting body to consider revamping ‘goodwill’ rule; “The risk is that goodwill just keeps on accumulating over time even when the economics do not justify this”

Companies

  • Auto diode maker Actron eyeing bigger global market share (Digitimes)
  • Semiconductor giant Inari Amertron Bhd’s net profit dropped 12.86% to RM57.1mil for the fourth quarter ended June 30 due to an increase in effective income tax rates for the group’s largest operating subsidiary (Star)
  • Vista profit climbs 36 per cent, boosted by Mexico cinema business buy (NZ Herald)
  • IRESS to process home loans for Australian challenger Xinja; IRESS is a market leader in the UK, where one in every four home loans are processed using IRESS technology. (Ibis, Finextra)

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

  • Facebook Launches International Video Product to Rival Google (Reuters, Bloomberg)
  • Apple Buys Augmented-Reality Display Startup Akonia Holographics (Bloomberg, Reuters)

Asia Tech & Innovation Trends

  • Chinese ride-hailing pioneer returns with blockchain app to boost safety, income as Didi mired in crisis (SCMP)
  • China’s Makeblock raises $44m for robot-building kits for kids; Funding reflects country’s appetite for deep technology and “Made in China “2025” (Nikkei)
  • China’s Plan to Spread Tech Wealth Fizzles With Delay of CDR (Bloomberg)
  • The Worst Might Be Over for Airbnb in Japan (Bloomberg)
  • When cars fly? Japan wants airborne vehicles to take off; The government has launched an initiative with the likes of Boeing and Airbus to develop and commercialise futuristic vehicles (SCMP)
  • India’s Paytm Mall looks to deepen partnerships in fight with Flipkart, Amazon (Reuters); Warren Buffett’s Paytm Investment Will Be a First for Berkshire Hathaway (Fortune)

Global Tech & Innovation Trends

  • Moody’s Pulls WeWork Credit Ratings, Citing Lack of Information (Bloomberg)
  • The Search for Battery Riches Starts Here; Sweden’s archive of drilling samples is key to unlocking its potential to mine the rare metals needed for the next generation of cars. (Bloomberg)
  • Attention, Walmart Skeptics: This Stock Has Legs; Walmart is becoming an exciting growth story as its e-commerce operations take off. In 2017, Walmart already was the fourth largest e-commerce company in the U.S. with around $15 billion of sales, according to eMarketer. That puts it well behind Amazon’s nearly $200 billion, but ahead of everyone else besides eBay and Apple (WSJ)
  • Short Bets on World’s Biggest Tech Stocks Surge to $37 Billion (Bloomberg)
  • SurveyMonkey, Tiger-Backed Online-Polling Provider, Files for IPO (Bloomberg)

Life

  • Global accounting body to consider revamping ‘goodwill’ rule; “The risk is that goodwill just keeps on accumulating over time even when the economics do not justify this” (Reuters)
  • Hubris always seems ridiculous – until it’s our own (TFB)
  • Software as a craft, the product of a 10-year-old development manifesto (qz)
  • Ordinary People Focus on the Outcome. Extraordinary People Focus On the Process. (Ascent)
  • Criticism Stings — Here are Three Steps to Turn It into your Secret Weapon: How to Embrace the Critics and Grow Forward (Medium)

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