June 22, 2025 10:27 PM GMT China Market-Wise | Asia Pacific M Idea Buckle Up for the Summer While Staying on the Main Road Market volatility could rise in the near term with a few market- moving events approaching in July and August. We continue to suggest a balanced approach with both tech/growth and cash return exposure. The long-term structural story is intact; the possibility of incremental fund inflow is rising. A few recent and upcoming events have led us to believe that there is a rising likelihood o ...

Group 1: Dividend Stocks Overview - Dividend stocks are essential for income generation and can provide reliable income that supplements or compounds growth [1] - High-quality dividend stocks combine attractive yields with stock price growth, enhancing total returns for investors [2] Group 2: Exxon Mobil - ExxonMobil has a dividend yield of 3.50% with an annual dividend of $3.96 and a 42-year track record of dividend increases [3][4] - The company maintains a dividend payout ratio of 52.52% and generates significant free cash flow, supporting its dividend commitments and stock buybacks [4] - A major revenue driver for ExxonMobil is its oil projects in Guyana, despite ongoing arbitration with Chevron over a stake in the project [5] Group 3: Hasbro - Hasbro's stock has increased by approximately 21% in 2025, nearing a historical resistance level [6] - The company offers a dividend yield of 4.12% with an annual dividend of $2.80 and a payout ratio of 92.41% [8][10] - Hasbro is restructuring to focus on high-margin licensing deals, which will help unlock value in its iconic brands [9] - Analysts have a consensus price target of $81.25 for Hasbro, indicating a potential upside of 19.6% from its recent closing price [10] Group 4: Perrigo - Perrigo has a dividend yield of 4.41% with an annual dividend of $1.16 and a 23-year history of dividend increases [11] - The stock has seen a modest increase of 2.45% in 2025 but remains range-bound as investors seek its attractive dividend [12] - Perrigo specializes in over-the-counter medications, and its performance may benefit from consumers seeking value alternatives amid economic pressures [13]

Core Insights - Tmall's "618" event this year saw record user engagement and sales, with 453 brands achieving over 100 million yuan in sales, a 24% increase year-on-year [1] - The high-net-worth 88VIP membership exceeded 50 million, marking a new high, while brand membership numbers grew by 15% [1] - The competition intensified with new players like Meituan and the collaboration between Taobao and Ele.me, drawing significant attention to the delivery battle [1] Group 1: Sales Performance - Tmall's "618" event featured a simplified promotional strategy, starting pre-sales earlier on May 13, with discounts up to 50% [2] - The combination of national subsidies and Tmall's "618" led to a 116% increase in total sales for participating categories compared to last year's "Double 11" [4] - Tmall's market share in home appliances and 3C digital products reached 45.3% and 45.5% respectively during "618" [4] Group 2: Product Trends - New beauty products saw explosive sales, with nearly 100 items surpassing 10 million yuan in sales [4] - The trend of wearing lingerie as outerwear gained popularity, with sales exceeding 200 million yuan during "618" [4] - Sales in sportswear and outdoor apparel grew by over 50%, while categories like trendy toys, jewelry, pets, and beverages also showed high growth [4] Group 3: Strategic Initiatives - Tmall's "618" serves as a critical period for implementing its "support the strong and eliminate the weak" strategy, with a doubled investment in user growth [5] - The platform simplified the registration process for merchants, allowing for easier participation in the event [6] - The competition among e-commerce platforms has evolved from consumer subsidies to a focus on supply chain efficiency and multi-channel growth strategies [6]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Company Overview - Hasbro has cut 3% of its global workforce, amounting to approximately 150 employees, as part of a cost-cutting initiative due to higher US tariffs on toys imported from China [1][4] - The company had around 4,985 employees globally according to its fiscal 2024 annual filing [1] Sourcing and Market Strategy - Hasbro sources about half of its toys and games sold in the US from China and is accelerating efforts to diversify sourcing to reduce reliance on China [2] - The toy industry is facing pressures from a global trade war and has been struggling with weak demand [2] Financial Impact and Restructuring - CEO Chris Cocks indicated that tariffs lead to higher consumer prices, potential job losses, and reduced profits for shareholders [3] - Hasbro is reassessing logistics routes and manufacturing as part of its strategy to adapt to increased costs [3] - The company previously announced a plan to cut 900 jobs globally in December 2023, following a reduction of 15% of its workforce due to weaker sales [3] Business Performance - In April, Hasbro reported better-than-expected quarterly results, driven by a shift towards digital and licensed gaming businesses, which helped attract younger customers [5]

随着盲盒等商品的风靡，直播间"对对碰"等互动玩法火爆出圈。然而，不少消费者吐槽商品概率不明、产品质量"翻车"，甚至出现发空包情况，行业规范 性亟待加强。6月17日，江苏省消保委发布"对对碰"直播间消费调查报告。本次调查采用线上问卷与体验员暗访相结合的方式。其中，线上问卷调查共收 到有效问卷6988份。问卷调查显示，在了解"对对碰"类直播带货的受访者中，近八成受访者认为存在问题，产品质量和安全、商品标志标识缺失、玩法规 则不透明以及涉嫌诱导消费等问题突出。 分装食品散卖，食品安全难保障 "对对碰"是将拆盲盒与直播相结合的新型直播互动模式，直播间将特定的商品或者服务包装成一个个盲盒或盲袋，消费者在直播间购买一定数量的盲袋或 盲盒后，主播现场拆开并将商品（如树脂小乌龟、食品等）摆放在九宫格或其他特定区域。若拆出两个相同颜色或相同款式，再或是用户指定的"许愿 色"商品，即触发"碰中"奖励，可额外加拆一包；新拆出的商品继续参与"碰中"，直到无相同颜色或款式为止，消费者最终获得所有拆开的商品。 在某零食"对对碰"直播间，体验人员花费129.9元下单"某会员店肉肉零食对对碰"26小袋。收到的产品为拆包分装，装在一个透明塑料 ...

Core Viewpoint - The article emphasizes the importance of value investing and highlights JAKKS Pacific (JAKK) as a strong value stock based on its financial metrics and Zacks Rank [2][4][6]. Company Summary - JAKKS Pacific (JAKK) currently holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4]. - The stock is trading at a P/E ratio of 4.73, significantly lower than the industry average of 13.18, suggesting it may be undervalued [4]. - Over the past year, JAKK's Forward P/E has fluctuated between a high of 8.33 and a low of 4.12, with a median of 6.35 [4]. - JAKK has a P/CF ratio of 4.09, which is attractive compared to the industry's average P/CF of 12.22, further indicating potential undervaluation [5]. - The P/CF ratio for JAKK has ranged from a high of 8.68 to a low of 3.53 over the past year, with a median of 6.76 [5]. - Overall, JAKK is positioned as one of the market's strongest value stocks, supported by its earnings outlook and financial metrics [6].

"让孙悟空和奥特曼一起打怪"，如果小朋友睡觉前想听这样一个故事，家长可能会困于该怎么编，但对于接入AI大模型的玩具来说，这简直是 小菜一碟。 今年春节以来，随着 DeepSeek 的火爆，AI玩具市场迎来井喷，2025 年甚至被称为"AI 玩具爆发元年"。 在 CES 2025 上，一款名为 Ropet 的AI陪伴机器人，依靠三个传感器收集到的数据，来识别人类的动作、语言、面部表情，其借助摄像头、传感 器、AI 与眼球显示屏，可以在面对人类不同的行为或情绪作出相应的情绪反应。 某电商平台，"AI玩具"相关商品已超1000款，头部产品月销破万，销量破千更是 稀松平常， 甚至有消费者一次性囤积数十件用于收藏。 深圳某厂商透露，一场直播就将AI玩具卖出 52 万元，销量环比翻倍。 相关数据显示，2024年AI玩具市场规模已达181亿美元。2025年预计突破300亿元，中国占据近半份额。到2033年，该领域全球市场规模将增长 至600亿美元。 AI玩具为什么会火？ 相比传统玩具，AI玩具的核心优势在于情感陪伴和"拟人化"交互，能够自然地和用户进行对话和情感交流，并提供知识问答、外语练习、故事 讲述等功能。 如搭载豆包 ...

Group 1 - Mattel has partnered with OpenAI to integrate artificial intelligence into its products, potentially creating digital assistants based on its popular brands like Barbie and Hot Wheels [2][3] - The collaboration aims to enhance interactivity in products such as the Magic 8 Ball and Uno, with an announcement expected towards the end of the year [2][3] - Mattel retains control over the products being developed and is not licensing its intellectual property to OpenAI, with initial discussions starting in late 2024 [3][4] Group 2 - Mattel's CEO Ynon Kreiz is shifting the company's focus from traditional toy manufacturing to producing films, TV shows, and mobile games based on its characters [4] - OpenAI is actively seeking partnerships with companies that have strong intellectual property to create new products based on iconic brands [4][5] - The collaboration is seen as a critical phase in the creative design process, allowing both companies to explore how AI can enhance their capabilities [5]

Group 1: Tencent's 2026 Qianyun Plan - Tencent officially launched the 2026 "Qianyun Plan" on June 12, aiming to recruit top technical students globally by providing industry-leading faculty, ample computing resources, and competitive compensation [1] - The new phase of the "Qianyun Plan" introduces a new model of school-enterprise cooperation, opening up a resource library for Qianyun projects and offering a green channel for outstanding talent recruitment [1] - Tencent encourages university teams to collaborate with its technical experts to tackle core business issues, allowing students to experience the intersection of research and industry [1] Group 2: Baidu's AI Toy Industry Conference - The 2025 AI Toy Industry Innovation and Development Conference commenced on June 12 in Chenghai, co-hosted by Baidu Smart Cloud and the Chenghai District Government [2] - Baidu Smart Cloud's General Manager introduced the provision of comprehensive support for the toy industry, including computing power, algorithms, models, and applications [2] - Baidu aims to help Chenghai build a trillion-level toy creative industry cluster by integrating commercial landing and strategic investment resources [2] Group 3: Luo Yonghao's Digital Human Debut - Luo Yonghao announced that his digital human will debut on Baidu E-commerce on June 15, following a successful initial live stream that generated over 500 million yuan in GMV and attracted over 10 million viewers [3] - Luo is the first top-tier anchor to use a digital human for live commerce, leveraging Baidu's advancements in digital human technology [3] - Analysts suggest that the "AI + Top IP" model in e-commerce will enhance user interaction and accelerate the industry's evolution towards intelligence, efficiency, and cost-effectiveness [3] Group 4: iFlytek's Smart Interaction Solutions - iFlytek held a product upgrade launch event on June 12, announcing that its ecosystem of partners has surpassed 11.52 million, with developers located in Japan, South Korea, Singapore, the Middle East, and Europe [4] - The company unveiled an upgraded AIUI open platform during the event [4] Group 5: Feishu's Adoption by Top New Energy Vehicle Companies - Feishu's CEO revealed that over 75% of the top 30 new energy vehicle companies are currently using Feishu [5] - In addition to complete vehicle manufacturers, numerous top 100 parts companies have also adopted Feishu [5] - The integration of "AI + Collaboration" is identified as a key tool for enhancing competitiveness in the automotive industry [5] Group 6: ByteDance's AI IDE "TRAE" - ByteDance's Technical Vice President announced that the self-developed AI IDE "TRAE" has surpassed 1 million monthly active users [6] - TRAE, launched in January, is the first Chinese AI IDE, offering features like intelligent code completion and natural language programming to developers [6] Group 7: Ant Group's Energy Service AI - Ant Group introduced the "Energy Service AI" at the SNEC PV+ conference, capable of accurately predicting power generation and market supply-demand changes [7] - The AI can generate analysis reports and strategies for investment, operations, trading, and financing, achieving over 60 times efficiency improvement in investment decision-making compared to manual processes [7] Group 8: Other Noteworthy News - The establishment of the National Aerospace Specialized Measurement and Testing Technology Committee was approved, aiming to enhance measurement technology in the aerospace sector [8] - China's Ministry of Commerce urged the U.S. to adhere to WTO rules to promote stable and sustainable development of Sino-U.S. economic relations [8] - South Korea and Vietnam leaders discussed enhancing cooperation in high-speed rail and nuclear power [8] - A domestic trade credit insurance consortium was formed, providing an initial insurance guarantee of 10 billion yuan to support enterprises in expanding domestic demand [8] - Nanjing aims to become a "Robot City," targeting a core industry scale exceeding 10 billion yuan by 2027 [8]