H.E.R.O.’s Journey in Tech (4 March 2019) – Fintech rivals Bravura and GBST offer ASX investors a sniff of M&A action

Companies

  • Number of online music users in China hits 576 mln (Xinhua)
  • Rakuten’s Hiroshi Mikitani set to be big winner in Lyft’s impending IPO; Rakuten owns 13.1% of the ride-hailing company, worth $2.9bn, first invested a 11.9% stake for $300m (JT)
  • Uniqlo and rivals try on 3D sizing in grab for shopper data (Nikkei)
  • Tencent, Kakao among shortlisted bidders for South Korean gaming firm Nexon: Korea Economic Daily (Reuters)
  • Neil Chatfield says Aristocrat Leisure’s future is global and digital (AFR)
  • Fintech rivals Bravura and GBST offer ASX investors a sniff of M&A action (AFR)

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

  • China’s Ant Financial leads $500m funding for co-living group Danke; Deal values 4-year-old residential sharing company at more than $2bn; Danke plans to use funds raised to upgrade its processing systems that use algorithms and develop more apart (FT)

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

  • Everything You Need To Know About What Amazon Is Doing In Financial Services (CBI)

Asia Tech & Innovation Trends

  • China scraps valuation limit to kick-start Xi Jinping’s technology board for home-grown companies to raise capital; “Shares could fall during their trading debut. Buying new shares in the tech board will no longer be a benefit, but a hig (SCMP)
  • What’s Wrong With China’s Champions; Even as a few favored giants dominate the market, scrappy young rivals pose a threat in everything from ride-sharing to social media. (Bloomberg)
  • China’s mobile payment users reached 583 million last year (Technode)
  • South Korea to seize on world’s first full 5G network; SK Group and KT lead the pack in new services like holographic streaming ()
  • Indonesian handicrafts marketplace Qlapa shuts down (TIA)

Global Tech & Innovation Trends

  • An Insider’s Take On Ultimate Software’s $11 Billion Private Equity Takeover (Forbes)
  • Lyft warns it may never make any money (qz); Here’s what Lyft talks about as risk factors that other companies don’t (qz); Lyft says it nearly doubled its market share since 2016. Here’s how much that cost in marketing (qz); Lyft-off or crash-land? As it prepares to go public, Lyft reveals booming revenue, monster losses and a big bet on the future of transportation (Economist)
  • Reddit’s Latest Fundraising Round Values Its Users Far Less Than Any Other Social Network (ZH)
  • 9 Artificial Intelligence Trends You Should Keep An Eye On In 2019 (TSH)
  • The Disruption Of Bloomberg L.P. (CBI)
  • Who Are Online, Recruited by Advertisers and 4 Years Old? Kidfluencers (NYT)
  • Airbnb Edges Out Home-Rental Rival With 6 Million Listings (Bloomberg)

Life

  • Kraft Heinz and Other Big Food Stocks Have Been Hammered but that Doesn’t Make them Bargains; The underlying cause is that once-steady growth has been disrupted by profound, durable changes in how consumers buy food. (Barron’s)
  • The Most Important Ingredient for True Happiness (Medium)
  • What four decades of correspondence from the Oracle of Omaha reveal: A shifting strategy (Economist)

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