H.E.R.O.’s Journey in Tech (16 May 2019) – The Spectacular Implosion of Dr. Cho’s ‘Nefarious Network’: Hong Kong’s markets are plagued by stock manipulation, share pledging, cross-ownership and margin lending. Regulators say they’re going to take action.

Companies

  • Ctrip CEO says trade war is putting Chinese tourists off US, with many opting for ‘more welcoming’ nations (SCMP)
  • Cloud provider Xunlei discards dubious past, reveals partnership with Youku (TN)
  • Yunji raises $121 million in IPO-but is the company a pyramid scheme? (TN)
  • Bilibili Stock Tumbled Despite the Chinese Anime Site’s 1st-Quarter Revenue Growth (Barron’s)
  • Trend Micro Delivers the Industry’s Most Complete Security Across Cloud and Container Workloads (SB)
  • Toei Releases Impressive Dragon Ball Profits for 2019’s First Quarter (CB); ‘Dragon Ball’ anime powers Toei back to profit growth; Mobile game based on franchise also contributes to turnaround (Nikkei); Bandai Namco sales and profits up last year, led by gaming segment (GI)
  • SK Innovation to invest US$490 million to build a second assembly in China to supply batteries for electric vehicles (SCMP)
  • Key Apple suppliers suffer big profit drop as iPhone woes bite; Foxconn and Pegatron see major drop as tariff challenge looms (Nikkei)
  • Quanta warns shifting out of China may be ‘no cheaper’ than tariffs (Nikkei)
  • Investment platform operators such as Netwealth and HUB24 stand to reap a share in $35 billion in new fund flow as a direct result of the opposition’s plan to abolish franking credit refunds. (AFR)
  • Global investors eye ASX tech darlings as investors, rattled by trade war concerns, get out of the major US technology names (AFR)

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

  • Baidu’s education business shifts from consumer-facing to enterprise (TN)
  • After Jack: Alibaba searches for new growth in the post-Ma era; Challenge to Amazon and Microsoft in cloud services could bring conflict with Washington (Nikkei); When the guru steps down: tech companies face the succession question; Jack Ma has been gradually handing power to Daniel Zhang for years (Nikkei)
  • Alipay extends mobile payment services to 300,000 retailers in Japan; The number of merchants supporting Alipay in Japan has surged to more than 300,000 from about 50,000 in early 2018 (SCMP)
  • Tencent Music Stock Gets It Right the Second Time (MF)

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

  • Facebook Takes Step to Police Content on Its Live Service (NYT)
  • Apple’s newest iPhone game-only the second the company has ever developed for its own App Store-appears to be targeted at a very small and specific demographic: Omaha-area billionaires aged 85 and up. (qz)
  • Amazon rolls out Alexa Guard, to help protect your home while you’re out (TC)
  • Attention, Amazon Shoppers: Google Wants Some of Your Spending Money (NYT)
  • Google’s latest app, Rivet, uses speech processing to help kids learn to read (TC)
  • Google Express becomes an all-new Google Shopping in big revamp (TC)
  • Google Makes New Push to Bolster Travel-Related Searches (Bloomberg)
  • Google Unveils Slew of New Digital Ad Formats in Amazon Battle (Bloomberg)

Asia Tech & Innovation Trends

  • Content emerges as new driver of Chinese e-commerce (TN)
  • Huawei launches AI-backed database to target enterprise customers (TC)
  • Ant Financial-backed Hello Chuxing seeks hefty financing that would take valuation to USD 4 billion (KRA)
  • Chinese developers elbow into Japan’s mobile game market (Nikkei)
  • Ten-second menu app “Taberly” adds an online ordering function to buy ingredients with just a few taps, and announces procurement of 250 million yen (TC)
  • Taiwan Helping Tech Firms That Choose Southeast Asia Over China (Bloomberg)
  • In India election, a $14 software tool helps overcome WhatsApp controls (Reuters)
  • India’s largest mobile wallet company Paytm now offers a credit card (TC)
  • Big Upsurge In E-Commerce Drives Southeast Asia’s Online Economy (Forbes)
  • Ecommerce: What the past 10 years mean for the future; The past decade has seen the emergence of ecommerce unicorns, big-ticket acquisitions, and deep-pocketed global investors. The final draft of the ecommerce policy will determine who holds the edge in the next decade (Forbes)
  • Paytm CEO suddenly has no problem with “the most evil” company’s WhatsApp Pay (qz)
  • Uber’s IPO flop bodes ill for Grab and Go-Jek; Southeast Asian ‘decacorns’ must show path to profitability, say experts (Nikkei)

Global Tech & Innovation Trends

  • AI at the Barbican: in the realm of mind games; A wide-ranging new exhibition in London explores developments in artificial intelligence (FT)
  • Driverless electric truck starts deliveries on Swedish public road (Reuters)
  • Adobe brings new Amazon and Google integrations to Magento (TC)
  • Disney to Buy Comcast’s Hulu Stake and Take Full Control of Streaming Service (NYT)
  • Match now offers dating coaches who help its members with profiles, dating challenges (TC)
  • Intel’s new boss wants to teach the chipmaker new tricks; When fear of missing out meets financial ruthlessness (Economist)
  • Questions Persist About Uber’s Profits-And Its Stock Falls Further (Forbes); Uber and Lyft Might Never Be Profitable. Investors Are Waking Up to That. (Barron’s); Uber Eats Needs to Deliver More Than Ever; Its explosive growth is crucial at a time when Uber’s largest business, ride hailing, is slowing. (Bloomberg); Uber’s IPO Debacle Raises Hairy Questions for WeWork (Bloomberg)
  • San Francisco just banned facial-recognition technology (CNN)
  • CrowdStrike IPO: 5 things to know about the cybersecurity unicorn (MW)
  • Ken Fisher: Subscription Advice a “Stupid Model” (Barron’s)
  • EDA Vendors Spread Wings as Market Softens (EET)

Life

  • The Spectacular Implosion of Dr. Cho’s ‘Nefarious Network’: Hong Kong’s markets are plagued by stock manipulation, share pledging, cross-ownership and margin lending. Regulators say they’re going to take action. (Bloomberg)

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