Intel products were named as having security vulnerabilities, ASML's performance was thunderous, and JD Logistics was connected to Taobao

Intel products are named as "frequent security vulnerabilities"

On October 16, the Cyberspace Security Association of China issued a document pointing out that Intel's products have frequent security vulnerabilities, poor reliability, monitoring users in the name of remote management, and secretly setting up backdoors to endanger network and information security, and suggested that a network security review should be initiated for Intel's products sold in China to safeguard China's national security and the legitimate rights and interests of Chinese consumers. Intel China released information on October 17 that it has noticed relevant media reports, and the company will maintain communication with relevant departments to clarify relevant questions and show a firm commitment to product safety and quality.

Comments: Industry insiders told the first financial reporter that network security is an important part of national security, and domestic companies have corresponding technical solutions to replace the vulnerabilities that have repeatedly appeared in Intel and other products. The agency believes that in some industries with high requirements for information security, such as government departments, financial institutions, telecommunications, etc., they may be more inclined to choose domestic CPU chip products to reduce security risks.

ASML's performance was thunderous, and its stock price hit a 26-year low

On October 15, local time, ASML's third-quarter financial report, which was originally scheduled to be released on the 16th, was released online ahead of schedule due to technical failures. In its third-quarter earnings report, the company's third-quarter orders on hand were just 2.6 billion euros, compared to analysts' consensus estimate of 5.39 billion euros, which was only half of expectations, while lowering sales targets and gross margin guidance for next year. The company reported net sales of €7.5 billion and net profit of €2.1 billion in the third quarter of 2024. After the results were released, the company's stock price fell sharply to $730.43 per share, down more than 16%, the largest one-day decline in 26 years.

Comments: There are a number of reasons for ASML's performance thunderstorm, including the sharp decline in orders in hand due to the postponement of the purchase of ASML equipment by some large customers, and the export restrictions related to United States and Netherlands, which have caused ASML to reduce its sales revenue expectations from the Chinese market, which is expected to be lowered to about 20% in the future.

JD Logistics is connected to Taobao

On October 16, JD Logistics announced that it had reached a cooperation with Taotian Group, JD Logistics will be fully connected to the Taobao Tmall platform, and platform merchants will be able to choose JD Logistics as a service provider. JD Logistics' integrated supply chain solutions, JD Express, JD Express and many other businesses will be able to serve Taobao and Tmall merchants, involving the whole process of the supply chain such as warehousing, express delivery, and express delivery.

Comments: There are many sales channels for home appliances, furniture, automobiles and other categories, and online is divided into JD.com, Tmall, Douyin and other platforms. Channels and warehouses are scattered, the receiving standards of each warehouse are different, the communication cost is high, the warehousing timeliness is slow, and it is easy to delay market sales. For merchants, multi-channel stocking increases operating costs and improves management difficulties. Interconnection reduces the whole process logistics cost of merchants, and the most direct experience of merchants may be the decrease in inventory occupation and the improvement of delivery timeliness, which achieves the purpose of reducing costs and increasing efficiency.

TSMC's third-quarter results exceeded expectations, and its market capitalization ranked among the top eight in the world

On October 17, local time, TSMC announced its third-quarter financial report, with Q3 revenue of $23.504 billion and net profit of $10.058 billion, exceeding market expectations. TSMC's 3nm process revenue accounted for 20% of total revenue in the third quarter, and advanced processes (7nm and higher) accounted for 69% of wafer revenue, a steady increase from the previous two quarters. AI demand and smartphone demand drove growth in the quarter, with HPC accounting for 51% of total revenue and smartphones accounting for 34%. Affected by the performance boost, the US stock TSMC rose nearly 10% on the same day, with a market value of more than $1 trillion, surpassing Warren Buffett's Berkshire Hathaway and becoming the eighth largest company in the world by market capitalization.

Comments: TSMC's third-quarter earnings report once again exceeded market expectations, indicating that the semiconductor sector as a whole is in an upward trend. The company's performance has boosted the market's expectations for the semiconductor industry, and the A-share semiconductor sector has also been affected by this, ushering in a wave of upward movement.

DJI sued the United States Department of Defense

The first financial reporter learned from DJI that on October 18, 2024, United States Eastern Time, DJI filed a lawsuit against the United States Department of Defense for being mistakenly included in the CMC sanctions list. DJI said that the company has been committed to promoting the application and innovation of civilian drone products, and opposes the use of products for military purposes. The CMC List, or Chinese Military Companies List, identifies Chinese military companies operating directly or indirectly in the United States.

Comments: DJI is a leading enterprise in civil drones. DJI has previously stated several times that the company has never designed and manufactured products and equipment for military use. Last year, there were rumors that the India military had invested a huge order in DJI, and DJI refused because "the India market is too risky", and DJI has debunked this rumor, saying that the company will not export drones for military use.

Apple's four-fold mobile phone patent exposed

This year, after Huawei took the lead in releasing a three-fold mobile phone in the world, Apple's recent application for a four-fold mobile phone patent in United States was exposed, and whether smartphones will further develop into more folding forms has attracted attention. Senior analysts in the industry told the first financial reporter that they have not heard the news of Apple's research and development of four-fold mobile phones, and Huawei's three-fold mobile phone sales are estimated to be about 200,000 units this year.

Comments: According to the data of the patent data retrieval platform Wisdom Buds, before Apple announced the new patents containing the four-fold mobile phone technology, there were Chinese companies that laid out the four-fold mobile phone patents, but their patents are currently in a state of unpaid annual fees. From this point of view, domestic and foreign enterprises are trying to seek breakthroughs in four-fold mobile phone technology, and industrialization is also affected by market acceptance and cost control level.

Midea R&D of the core components of humanoid robots

On October 16, the first financial reporter learned at the Midea Group Visionary Conference that Midea is expanding the shipment of products equipped with AI large models, promoting the integration of industrial robots and AI, and developing core components of humanoid robots. Wei Chang, vice president and CTO of Midea Group, revealed to reporters that Midea's Central Research Institute has an embodied intelligence R&D team, but there are no humanoid robot products yet; In addition, Midea is developing the core components of humanoid robots, which are in the preliminary exploration stage.

Comments: Humanoid robots are regarded as a blue ocean market with a scale of 100 billion US dollars. In the first half of this year, Midea Group's robot and automation system business revenue reached 15.731 billion yuan, mainly industrial robots. In terms of industrial robot parts, Midea Group currently has the intelligent manufacturing capacity of 80,000 harmonic reducers per year. On the one hand, humanoid robots will only be used in special industrial fields in the short term, and there are still some technical difficulties in home applications; On the other hand, the core components of industrial robots are similar to the core components of humanoid robots, so Midea's layout in the field of humanoid robots starts with the core components.

"Black Myth: Wukong" drove a 20% increase in overseas revenue of China's game market in Q3

On October 16, the Game Working Committee of the China Audio and Digital Association and Gamma Data released the "Quarterly Report on China's Game Industry in the Third Quarter of 2024". It was mentioned that new mobile game products and head products brought significant revenue growth in this quarter. In addition, "Black Myth: Wukong" has also brought a large increase to the stand-alone and console markets, and the revenue of the Chinese game market has reached a record high. In the third quarter of 2024, the revenue of China's game market was 91.766 billion yuan, a year-on-year increase of 8.95%. Among them, the actual sales revenue of China's mobile game market in the third quarter was 65.658 billion yuan, a year-on-year increase of 1.21%, and the actual sales revenue of China's client game market was 16.926 billion yuan, a year-on-year increase of 0.4%. In the third quarter, the actual sales revenue of China's self-developed games in overseas markets was 5.169 billion US dollars, a year-on-year increase of 20.75%. The report mentions that the main source of growth is the contribution of Black Myth: Wukong in overseas markets.

Comments: Nearly two months after its release, "Black Myth: Wukong" still remains on the Steam best-selling list, ranking eighth on the best-selling list in China and among the top 20 in the world. According to the latest data from VG Insights, the sales of "Black Myth: Wukong" on the Steam platform have increased to 21.3 million copies, and the total revenue of the game has exceeded $1 billion.

Kuaishou's single-day GMV on 11.11 increased by 90% from its historical peak.

On October 19, the Kuaishou e-commerce Double 11 Shopping Festival officially opened. As of 20 o'clock on the first day of Double 11, the single-day GMV of Kuaishou e-commerce hit a record high, with a single-day GMV increase of 90% compared with the historical peak, and the number of single-day GMV products of big brands and big brands increasing by 480% compared with the historical peak.

Comments: Zhuang Shuai, a special researcher at the E-commerce Research Center of the Network Economic Society and the founder of Bailian Consulting, said that a careful observation of this Double 11 will find that the e-commerce platform is no longer shouting "low prices", and the actions of "following" each other between platforms are decreasing.

Venture capital vane

According to the company's data, this week (10.12-10.18) there were no financing events in the biomedical track, and a total of 2 financing events occurred in the manufacturing track, an increase of 2 from last week (10.5-10.11), among which Zhongke Guangzhi (Chongqing) Technology Co., Ltd. received a round of financing with the participation of Chongqing Industry Guidance Fund.

A total of 6 financing events occurred in the artificial intelligence track, an increase of 5 from the number last week. Among them, Beijing Xingdong Era Technology Co., Ltd. received Pre-A round of financing with the participation of Zeyu Capital, Lenovo Venture Capital, Ceyuan Capital, Yuanjing Capital, etc., with a scale of about 300 million yuan. Beijing Shenshi Technology Co., Ltd. received hundreds of millions of yuan in C+ round financing invested by Shunxi Fund and Zhongguancun Science City.

A total of 8 financing events occurred in the semiconductor track, an increase of 4 from the number last week. Wuhan Xinbida Microelectronics Co., Ltd., an automotive chip R&D company, received a 100 million yuan A+ round of financing with the participation of Optics Valley Financial Holding and New Micro Capital.

(This article is from Yicai)