Krypton Evening News | Hungarian Economy Minister: "I don't see the investment potential of the United States comparable to that of China" and will not weaken economic ties with China; Adidas' net profit in the first quarter was 428 million euros, compared with the market estimate of 376.4 million euros.
Large companies:
Didi Issues Safety Reminders for the May Day Holiday
During the travel peak of the May Day holiday, to ensure users' safe and smooth trips, under the guidance of the competent authorities, Didi has proactively arranged risk and hidden danger inspections, safety emergency drills, and specialized driver training in advance. It has also strengthened safety plans according to the characteristics of the holiday and increased investment in technology and manpower to ensure efficient responses and proper solutions in case of various emergencies. In response to the surging inter - city travel, complex road conditions, and changeable supply - demand situations during the holiday, each of Didi's products, based on its own features, uses the platform's big data and intelligent technology to conduct real - time monitoring and risk early - warning throughout the entire order process. The platform's safety response team will enhance all - day manpower deployment according to the travel characteristics of holidays, and make every effort to safeguard the safety and legitimate rights and interests of drivers and passengers in case of emergencies.
Adidas' net profit in the first quarter was 428 million euros, compared with the market forecast of 376.4 million euros
Adidas' gross profit in the first quarter was 3.21 billion euros, compared with the market forecast of 3.16 billion euros. The net profit was 428 million euros, compared with the market forecast of 376.4 million euros. The pre - tax profit was 585 million euros, compared with the market forecast of 519.7 million euros. Adidas still forecasts an annual operating profit of 1.7 billion to 1.8 billion euros, compared with the market forecast of 2.04 billion euros. (Caixin Press)
NXP Semiconductors' Q1 revenue reaches $2.84 billion, exceeding market expectations
NXP Semiconductors announced its financial results for the first fiscal quarter on April 28th local time. In the first quarter of 2025, its revenue was $2.84 billion, a 9% year - on - year decline. The market expectation was $2.83 billion. The adjusted EPS in the first quarter was $2.64, while the market expected $2.6. The company's CEO, Kurt Sievers, will leave the company by the end of 2025. (Jiemian)
Sabre Sells Hospitality Solutions Business to TPG for $1.1 Billion
Global travel technology company Sabre and alternative asset management firm TPG have signed a definitive agreement. TPG has agreed to acquire Sabre's Hospitality Solutions business for $1.1 billion in cash. TPG will make this investment through its private equity platform in Europe and the United States, TPG Capital. Specific transaction terms were not disclosed. TPG was founded in 1992 and is headquartered in San Francisco, currently managing assets worth $246 billion. After the completion of the transaction, Hospitality Solutions will operate as an independent enterprise, continuing to provide core technology support to the global hospitality industry and receiving dedicated resources from TPG to drive growth. (Sina Finance)
Domino's Pizza's same-store sales in the US unexpectedly declined in the first quarter, as inflation and economic uncertainty suppressed consumer demand
Domino's Pizza, a global pizza chain brand, announced on Monday that its same-store sales in the US market decreased by 0.5% year-on-year in the first quarter, far worse than analysts' expected growth of 0.5% (according to LSEG data), mainly affected by high inflation and economic uncertainty. The financial report showed weak consumer spending. Restaurant footfall slowed significantly from February to March, and low-income groups reduced their spending on takeaways. The erratic trade policies of former President Trump intensified concerns about an economic recession. The gross profit margin of Domino's directly-operated stores in the US dropped from 17.5% in the same period last year to 16%, mainly due to the rising prices of food raw materials. (Sina Finance)
Sony Group Considers Spinning Off Semiconductor Business, May Complete as Soon as This Year
According to people familiar with the matter, Sony Group is considering spinning off its semiconductor division. This move would mark the latest step by the PlayStation maker to streamline its business and focus on the entertainment sector. The people said that the spin-off and listing of Sony Semiconductor Solutions Group could take place as soon as this year. Sony is considering distributing most of its shares in the semiconductor business to shareholders and may retain a minority stake after the spin-off. Another person familiar with the matter added that the relevant discussions are still ongoing and the plan could change, especially considering the market volatility after U.S. President Trump imposed additional tariffs. (Sina Finance)
Investment and Financing:
Yinshi Robotics Completes Nearly 100 Million Yuan in Series B3 Financing
36Kr learned that Yinshi Robotics recently completed a Series B3 investment of nearly 100 million yuan. This round of financing was led by Shenqi Capital, followed by Yuanhe Capital and Huagai Capital. Jiuqian Capital served as the long - term exclusive financial advisor. With nearly 100 million yuan raised in this round, Yinshi Robotics will further increase its investment in cutting - edge technology R & D, product iteration, and global market expansion.
Anhui Wanzhi Construction Engineering Co., Ltd. Completes 26 Million Yuan Pre-A Round of Financing
36Kr learned that recently, Anhui Wanzhi Construction Engineering Co., Ltd. completed a 26 million yuan Pre-A round of financing. This round of financing will accelerate the implementation of intelligent construction technology in scenarios, the product application and marketization of low-carbon and environmentally friendly materials. The funds will be mainly used for the research and development of intelligent fire protection products, the digital upgrade of the infrastructure industry, and the promotion of the transformation of traditional infrastructure towards intelligence and low-carbon.
"Zhiqing Jinlian" Secures Angel Round Financing
36Kr learned that recently, "Zhiqing Jinlian", a company focusing on artificial intelligence computing power, has secured angel round financing. It constructs a distributed intelligent computing node network through blockchain technology, creates a distributed computing power resource pool, and realizes flexible retrieval of computing power through its self-developed intelligent scheduling engine, thereby reducing the computing resource costs of enterprises.
New Products:
The First "Midea AI Technology Day 2025" Event of Midea Air Conditioners Concludes
36Kr learned that recently, the first "Midea AI Technology Day 2025" came to a successful conclusion. It is understood that Midea Air Conditioners launched several high - profile products on site, including the Midea Fresh & Clean Air Machine T6, the Midea "Kitchen Cool" Embedded Kitchen Air Conditioner without an External Unit, the Midea Comprehensive Airflow Air Conditioner, the Midea Energy - Saving Cool Series Air Conditioner, and the Midea Draft - Free Series Air Conditioner. All of these products are equipped with industry - leading AI technology. While redefining the standard values of the whole - house smart air solutions, they will also bring a revolutionary "evolution" to users' real - life experience.
iQOO Launches New iQOO Z10 Turbo Series Phones, Starting at a Minimum Price of $1099
36Kr learned that on the evening of April 28th, iQOO officially launched the brand - new iQOO Z10 Turbo series and the iQOO Z10x phone. Among them, the Z10 Turbo series includes two models, the iQOO Z10 Turbo Pro and the iQOO Z10 Turbo, with performance and battery life being their main highlights. The iQOO Z10x is positioned as a cost - effective new product with outstanding performance, battery life, and screen performance in the same price range. The starting price of the new products is as low as $1099, and the entire series is eligible for national subsidies.
Today's Viewpoint:
Hungarian Economy Minister: "Don't See U.S. Investment Potential Comparable to China", Won't Weaken Economic Ties with China
According to Bloomberg, Hungarian Economy Minister Nagy said on the 28th local time that Hungary will not weaken its economic ties with China, and the Hungarian side doesn't see the investment potential of the United States comparable to that of China. (Global Times)
Other News Worth Paying Attention To:
The Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission have contacted some relevant companies regarding the "intention of Chinese concept stocks to return"
In response to the latest global changes, the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission have made preparations according to the instructions of the Special Administrative Region government and have contacted some relevant companies. If Chinese concept stocks that are not yet listed in the Hong Kong market wish to return, appropriate guidance and assistance will be provided for their listing in Hong Kong. The relevant specific measures will be adjusted according to the specific situation to meet the actual needs. In addition, to align with the latest economic trends and corporate needs and attract more companies from different regions to list in Hong Kong, the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange are promoting a comprehensive review of the listing system, including examining the listing requirements and post - listing continuous responsibilities; reviewing the listing regulations and arrangements to improve the approval process; and studying the optimization of the thresholds for dual primary listings and secondary listings. The relevant review will further facilitate the listing of emerging industry companies and overseas enterprises in Hong Kong. (Securities Times)
South Korea's retail sales rose 9.2% year-on-year in March, with online retail sales soaring 19%
Data released by South Korea's Ministry of Trade, Industry and Energy on Tuesday showed that South Korea's retail sales rose 9.2% year-on-year in March due to strong online demand for food and daily necessities. The Ministry of Trade, Industry and Energy said the growth was mainly attributed to strong demand for e-commerce deliveries in the food, daily shopping and other service sectors. Online retail sales rose 19% year-on-year in March, with a 19.4% increase in the food industry and a 7.5% increase in the daily necessities industry. Sales of online services such as food delivery and e-coupons increased by 78.3%. (Sina Finance)
National Bureau of Statistics: The operating income of cultural enterprises increased by 6.2% year-on-year in Q1 2025
36Kr learned that the National Bureau of Statistics released data. According to a survey of 80,000 above-scale cultural and related industrial enterprises across the country, in the first quarter of 2025, cultural enterprises achieved an operating income of 3,393.9 billion yuan, a year-on-year increase of 6.2% calculated on a comparable basis. Among them, 16 sub - industries with relatively obvious characteristics of new cultural formats achieved an operating income of 1,484.6 billion yuan, a year-on-year increase of 12.5%, 6.3 percentage points faster than that of all above-scale cultural enterprises.