H.E.R.O.’s Journey in Tech (17 December 2018) – Tencent’s IPO parade creates looser ties for growth and funding + Meet ‘Millie’ the Avatar. She’d Like to Sell You a Pair of Sunglasses

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

  • Tencent’s IPO parade creates looser ties for growth and funding (Nikkei)
  • SoftBank’s credibility problem: The group’s shares trade at a discount but an IPO of its mobile unit could change attitudes (FT)
  • No Respite Seen for Korean Chip Giants as Analysts Slash Targets (Bloomberg)

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

  • Amazon Targets Unprofitable Items, With a Sharper Focus on the Bottom Line; Online giant pushes for changes in product packaging, quantities to improve earnings (WSJ)

Asia Tech & Innovation Trends

  • China’s $856 Billion Startup Juggernaut Is Getting Stuck; Government-backed venture capital funds don’t know what to do with all their cash. (Bloomberg)
  • Japanese electronics firms look to re-engineer their design mojo (Reuters)
  • Traveloka reportedly has acquired rival OTAs PegiPegi, Mytour, TravelBook (e27)
  • Indian Food-Tech Zomato Makes A Bid to Transform Itself Into a Farm-to-Fork Company (Forbes)

Global Tech & Innovation Trends

  • Just Eat comes under attack from activist investor; Cat Rock says ‘unambitious targets and flawed incentive schemes’ have hurt delivery business (FT)
  • Tech startups can save healthcare billions by getting patients to their medical appointments (NYT)
  • Asian investors hungry for Europe tech startups, equity expert says; Chinese tech giants and SoftBank look to continent as valuations soar elsewhere (Nikkei)
  • How sales innovation helped tech unicorn Darktrace crack Asia (MT)
  • Germany Tightens Foreign Acquisition Rules Amid China’s Push for Technology Deals (WSJ)
  • Meet ‘Millie’ the Avatar. She’d Like to Sell You a Pair of Sunglasses; Canadian startup Twenty Billion Neurons developed the AI-powered sales assistant and is discussing trials with retailers. (Bloomberg)
  • Uber Aims to Shed Troubled Past in Pre-IPO Peace-Making Bonanza (Bloomberg)
  • Intel, TPG in early talks to sell McAfee to Thoma Bravo – source (Reuters)


  • Inner Peace Is a Booming Business; Voices calling you to ‘find your escape’ are likely seeking a buck like everyone else. (WSJ)
  • Government agrees to pay HK$300 million for Hong Kong’s biggest audit reform in a decade; The cash will enable the Financial Reporting Council to triple its staff, who will keep an eye on the auditors of 2,000 listed companies in HK (SCMP)

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