1. Large-screen panel prices have dropped significantly! TV prices are expected to fall sharply.
Since last year, panel prices have been on a steep upward trend, directly driving up the retail prices of TVs. However, according to the latest panel market report, after nearly a year of price increases, TV panel prices began to ease in June. Especially in August and September, large-screen LCD panels saw a sharp decline, with prices for all sizes falling simultaneously. The mid-size segments—65-inch, 55-inch, and 40-43-inch models—are expected to experience even deeper price drops. Recent data shows that panel prices in October remain lower than before.
Overall, the drop in panel prices reflects a period of relief for actual TV products. The current TV market is showing a flattening trend in pricing, but it's very likely that a small price cut will happen soon, with the most significant reductions possibly concentrated during the Double 11 shopping festival.
Comment: "Even 55-inch TVs are priced over 2,000 yuan, but how much more can they drop? LCD TVs are really being sold like cabbage now!"
2. LeTV plans to spend RMB 3 billion to acquire its own financial assets, with concerns about high valuation.
On the evening of September 24th, LeTV announced its plan to purchase 100% equity of LeTV Investment, with an estimated price not exceeding RMB 3 billion. This acquisition does not include non-financial assets or businesses of LeTV Investment, which will be separated in the future. At the same time, the transfer of high-quality assets into the listed company aims to resolve receivables issues between related parties through debt repayment.
So far, LeTV's financial-related business has not shown substantial progress. Its financial product "Have It" in March this year was suspected of "disguised self-dealing," drawing market attention. Additionally, LeTV had previously invested in internet finance platforms such as Lazycai and Cavalier. However, Lazycai confirmed in May that all shares held by LeTV have been transferred, and similar doubts have been raised about its products. Some netizens questioned whether this move helps LeTV "self-repair."
LeTV suspended trading on April 17th due to plans for a major asset restructuring, with a suspension period not exceeding six months. Trading is expected to resume on October 18th.
Comment: "October 18th is getting closer, but we still need better news."
3. Alibaba and Amazon’s market caps are only 1.3% apart, down from a $100 billion gap just two months ago.
As of September 22nd, Eastern Time, Amazon’s market cap stood at $456.5 billion, while Alibaba’s was $450.7 billion, just 1.3% behind. Two months earlier, the gap had reached $100 billion, but Alibaba has since caught up quickly.
According to the latest financial reports, e-commerce accounts for over 85% of both companies’ revenue, with Amazon slightly ahead. In cloud computing, Amazon’s AWS revenue in Q2 FY2017 was $4.1 billion, or 13.48% of total revenue, while Alibaba Cloud generated $359 million in Q1 FY2018, or nearly 5% of total revenue.
Comment: "The most important thing is that Ma Yun said: 'We spend very little time studying how to compete with Amazon, but research what can be learned from Amazon.' Deep meaning!"
4. Toshiba’s chip business is set to be acquired by a Bain Capital-led consortium for $18 billion.
After more than half a year of bidding, Toshiba’s chip business has finally found a buyer. Recently, Toshiba announced it has agreed to sell its chip business to a U.S.-Japan-Korea joint consortium led by American private equity firm Bain Capital for $18 billion. The consortium includes South Korea’s SK Hynix, Japan’s Industrial Innovation Agency, Japan Development Bank, and tech companies like Apple, Dell, Kingston, and Seagate.
In fact, a consortium led by Foxconn had also submitted a higher bid. However, to prevent technology leaks, the Japanese side initially excluded companies from mainland China and Taiwan.
Comment: "The neighbor is a 'home!'â€Energy Storage Product,Battery Storage Systems,Energy Storage Systems,Energy Storage Battery
Zhejiang Casnovo Materials Co., Ltd. , https://www.casnovonewenergy.com