1. Large-screen panel prices have dropped dramatically! TV prices are expected to fall sharply.
Since last year, panel prices have been on a rapid upward trend, which directly caused a surge in TV prices at the retail level. However, according to the latest survey from a research institution, after nearly a year of price increases, TV panel prices began to ease in June, especially in August and September, when large-screen LCD panels saw a sharper drop. Prices for all sizes fell simultaneously, with mid-sized TVs like 65-inch, 55-inch, and 40-43-inch models expected to see deeper declines. The latest data shows that panel prices in October are still lower than before.
Overall, the drop in panel prices indicates a period of relief for TV products. While the current market is showing a flattening trend, it's likely that a small price cut will happen soon, with the biggest reductions possibly concentrated during the Double 11 shopping festival.
Comment: A 55-inch TV costs more than 2,000 yuan, but how much more can it drop? LCD TVs are really selling like cabbage now!
2. LeTV plans to spend RMB 3 billion to acquire its own financial assets, with high valuation concerns.
On the evening of September 24th, LeTV announced that it plans to purchase 100% equity of LeTV Investment, with an estimated transfer price not exceeding RMB 3 billion. This acquisition does not include non-financial assets or businesses of LeTV Investment, which will be split off in the future. At the same time, transferring high-quality assets into the listing system can help resolve receivables between listed companies and related parties through debt repayment.
So far, LeTV’s financial business has not seen substantial progress. Its financial product "Have It" was suspected of "disguised self-dealing" in March this year, drawing market attention. Additionally, LeTV had previously invested in internet finance platforms such as Lazycai and Cavalier. However, Lazycai confirmed in May that all of LeTV’s shares in the platform had been transferred, and similar questions were raised about its products. Some netizens even questioned whether this move was helping LeTV "clean up its own mess."
LeTV suspended trading on April 17th due to plans for a major asset reorganization, with a suspension period not exceeding six months. Trading is set to resume on October 18th.
Comment: October 18th is approaching, but better news is still needed.
3. Alibaba and Amazon's market values are only 1.3% apart, despite a $200 billion gap two months ago.
As of September 22nd, Eastern Time, Amazon's market value reached $456.5 billion, while Alibaba's was $450.7 billion, just 1.3% behind. Two months earlier, the gap was as high as $100 billion, but Alibaba has since closed the gap quickly.
According to the latest financial reports, e-commerce accounts for over 85% of both companies' total revenue, with Amazon slightly ahead. In cloud computing, Amazon's AWS generated $4.1 billion in Q2 2017, making up 13.48% of total revenue, while Alibaba Cloud reported $359 million in Q1 2018, accounting for nearly 5% of total revenue.
Comment: The most important thing is what Jack Ma said: “We spend very little time studying how to compete with Amazon, but focus on what we can learn from them.†Deep meaning!
4. Toshiba's chip business is sold to Bain Capital consortium for $18 billion.
After more than half a year of bidding, Toshiba's chip business deal has finally been settled.
Recently, Toshiba announced that 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 memory chip maker SK Hynix, Japan's Industrial Innovation Agency, and the Japan Development Bank. It also includes technology companies like Apple and Dell, as well as storage companies such as Kingston and Seagate.
In fact, a consortium led by Foxconn had previously bid a higher price, but the Japanese side initially excluded companies from mainland China and Taiwan to prevent technology leakage.
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