1. Liu Qiangdong's Jingdong has taken a stake in HKUST, signaling a significant move in AI development.
HKUST, which had been on hold for almost two months, recently announced a corporate restructuring plan that has sparked widespread attention within the industry. This time, the intelligent restructuring of HKUST caught everyone’s eye, mainly due to the involvement of strategic investors like Jingdong Jinquan and the fact that the actual controller is Liu Qiangdong, CEO of JD.com.
Industry insiders believe that this investment in HKUST could be a major step in JD.com's broader artificial intelligence strategy. The company stated that the fundraising will be used for various projects, including cash payments for transactions, new electronic tag development, IoT big data operations, large-scale unmanned shopping centers, smart equipment and system development, domestic marketing network construction, and related transaction fees and taxes.
Comment: Artificial intelligence is expected to become a major growth area in the next one or two years. With Liu Qiangdong's focus on AI, it's likely to drive the fourth retail revolution.
2. iPhone 8 glass back cover repair costs more than screen damage
The most noticeable design change in the iPhone 8 and 8 Plus is the switch from a metal to a glass back cover. While Apple claims the glass is "the toughest yet," it's still more prone to damage than metal. If you've already bought an iPhone 8 or 8 Plus, you need to be extra careful—repairing the glass back can cost as much as fixing the screen.
The AppleCare+ service plan offers coverage for two accidental damages. The fee for screen damage is 188 yuan, while other damages cost 628 yuan. The price of AppleCare+ itself is 988 yuan for the iPhone 8 and 1288 yuan for the iPhone 8 Plus. After two incidents, the total cost for repairs could reach up to 2888 yuan for the iPhone 8 and 3288 yuan for the iPhone 8 Plus.
Comment: Be careful not to drop your phone—it’s more expensive to fix now than before!
3. Google Play surpasses Apple App Store in paid users
For a long time, many people believed that Apple's App Store had more users than Google Play. However, recent reports show that Google Play has grown by 30% compared to last year and is now the world's largest app store.
Google Play is available in 135 countries and supports credit and debit card payments. In 55 regions, it also partners with 140 mobile operators to allow users to download paid apps via mobile carrier services. In the second quarter of this year, Google Play's software downloads were 1.35 times that of Apple’s App Store, and the gap continues to widen.
Comment: More users mean more sales, and the market share of Google Play is set to grow significantly over time.
4. TCL plans to acquire 40% of Huaxing Optoelectronics for 4 billion yuan
TCL Group recently announced its intention to purchase 10.04% equity in Huaxing Optoelectronics for 4.034 billion yuan. Following this deal, TCL will directly own 85.71% of Huaxing Optoelectronics.
The transaction involves several parties who collectively held 10.04% of the shares, valued at 4.034 billion yuan. As part of the agreement, TCL plans to issue 1.3 billion shares at 3.1 yuan each to acquire this stake. After the transaction, the listed company will hold 85.71% of China Star Optoelectronics, while the China Development Fund will own 11%, and Guangdong Finance Trust will hold 3.28%. According to agreements, TCL will later buy back shares from these entities at a fixed price increase of 3.10 yuan per share.
Comment: TCL's panel strategy has proven successful. Huaxing Optoelectronics currently ranks fifth globally in TV panel market share and second in mainland China. In 2016, it generated 22.3 billion yuan in revenue and 2.31 billion yuan in net profit, making it a key profit driver for TCL.
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