Core Points - The iPhone 17 and iPhone 17 Pro Max are experiencing activation issues, with users reporting that the devices cannot be activated without an internet connection [1] - Apple customer service has confirmed that this is a widespread issue and has escalated it to their internal engineering team for resolution, although no specific timeline for a fix has been provided [1][2] Group 1 - Users have reported that attempts to activate the new iPhones through various methods, including WiFi and SIM cards, have been unsuccessful [1] - A specific case was highlighted where a user could not activate their phone after an hour of trying with a delivery person, leading to the phone being returned [1] - Apple support suggested that a potential workaround involves uninstalling and reinstalling the system using a computer [1]

Market Overview - On April 22, 2025, the three major indices showed mixed results, with the Shanghai Composite Index rising by 0.25% to close at 3299.76 points, while the Shenzhen Component Index fell by 0.36% to 9870.05 points, and the ChiNext Index decreased by 0.82% to 1928.43 points. The total trading volume in both markets was 1.0898 trillion yuan, an increase of approximately 48.7 billion yuan compared to the previous trading day [2]. Sector Performance - The market experienced fluctuations throughout the day, with core broad indices showing more declines than gains. The China Securities Dividend Index, Dividend Index, and FTSE China A50 led the gains, while the Growth Enterprise Market, ChiNext 50, and ChiNext Index were among the biggest losers [2]. - In terms of sector performance, the retail trade, building materials, and transportation sectors saw gains, while media, telecommunications, and computer sectors experienced declines [2]. Industry Highlights - The retail trade sector rose by 1.0% today, with a 2.1% increase over the past five days, but a decline of 2.4% year-to-date. Key investment themes include traditional retail adapting to consumer trends, high-quality gold and jewelry brands, and domestic beauty brands focusing on high-growth segments [5]. - The building materials sector also increased by 1.0%, with a 1.6% rise over the past five days and a 1.4% increase year-to-date [3]. - The transportation sector saw a 0.9% rise today, with a 1.1% increase over the past five days, but a decline of 4.2% year-to-date [3]. Concept Themes - Notable concept themes included significant gains in supply and marketing cooperatives (3.9%), cross-border payment (3.6%), and glyphosate (3.6%). Conversely, themes such as humanoid robots and NVIDIA concepts saw declines [4].

Core Viewpoint - JD's food delivery service experienced significant system failures due to a surge in order volume, leading to widespread user complaints and delays in order fulfillment [1][2][4] Group 1: System Failures and User Impact - On April 22, multiple users reported issues with order placements, including failures to receive orders and excessive delays, causing "JD Food Delivery Crashed" to trend on social media [1][2] - Users experienced long wait times, with some reporting that their orders were not acknowledged by merchants, leading to cancellations [2] - During peak hours, the system was overwhelmed, with delivery times extending to 40 minutes to over an hour [2] Group 2: Company Response and Compensation - JD responded to the system crash by offering free meals for orders that were delayed by over 20 minutes and providing additional discount vouchers for both canceled and unfulfilled orders [4] - The company acknowledged a previous similar incident on April 16, where the system was overwhelmed due to a promotional event, resulting in a temporary outage [4] - To prevent future occurrences, JD plans to conduct comprehensive system stress tests and improve service reliability [4]