#Laogao E-commerce Newsletter# [E-commerce Morning News on September 5]

Morning News: News said that former Kuaishou CEO Su Hua business assistant Peng Jiatong has resigned; Amazon will close dozens of warehouses across the United States; SHEIN's GMV increased to US$16 billion in the first half of the year; Kuaishou launched the "Kuaishou Virtual Playing Assistant"; Amazon's acquisition of iRobot transaction was investigated...

Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Kuaishou launches "Kuaishou Virtual Acting Assistant"

September 4th news, the Kuaishou technical team recently announced the launch of the "Kuaishou Virtual Playing Assistant" at the 2022 World Artificial Intelligence Conference. KVS integrates one-stop capabilities of 3D virtual people and virtual scenes, which can provide Kuaishou users with rich special effects gameplay and supports multi-platform live streaming. KVS is a virtual human driver and broadcast tool for PGC. According to the official introduction of Kuaishou, KVS supports the following three functions: 1. Virtual people support driving virtual people through real-person expressions and actions to create and convey brand value. (Kuaishou Weibo)

2. Tmall Pet: As of June this year, there were 42 pet brands with sales of over 100 million in the whole year.

According to reports, Tmall Taobao absorbs more than 60 million cat and dog pet owners every year. With its huge user base, Tmall helps the brand to create an exclusive DTC model through platform resource integration advantages and achieve stable brand growth. Alibaba big data shows that as of June 2022, with the help of Tmall platform, Tmall has 42 pet brands with annual sales of over 100 million, 33 pet stores with annual sales of over 100 million, and 7 pet member clubs with millions of pet members. (E-commerce News)

3. Douyin releases the "2022 Douyin Life Service Catering Business Guide"

On September 4, Douyin Life Service recently released the "Career Business Guide", proposing the "LIFE Business Matrix". By dismantling the four core business modules of catering merchants operating in Douyin Life Service, it helps catering merchants continue to improve, promote transactions and build brands. (Tik Tok Life Service Business Observation)

4. News says that former Kuaishou CEO Su Hua business assistant Peng Jiatong has resigned

According to September 5, two senior executives of Kuaishou recently resigned, namely Peng Jiatong, business assistant of former CEO Su Hua and Li Yongbao, head of business algorithm strategy. The reason for the two people's resignation has not been announced. Peng Jiatong joined Kuaishou in May 2020 and served as the business assistant to Su Hua, then CEO of Kuaishou. Since Su Hua resigned as CEO in October last year, Peng Jiatong has been working in the CEO's office. (Leifeng.com)

Internet news

5. SF Holdings: Cumulative spending nearly 2 billion yuan on shares repurchased

On September 3, SF Holdings issued an announcement on the evening of September 2 that as of September 1, the company has repurchased 38.7971 million shares through centralized bidding transactions, accounting for 0.79% of the company's current total share capital, with an average transaction price of 51.54 yuan per share, and a total transaction amount of 1.99964 billion yuan. This share repurchase has been implemented.

6. Google will turn off flight booking function

September 4th news, recently foreign media reported that Google will gradually phase out its flight booking function. Google said it will disable Book on Google for non-U.S. users on September 30, 2022 and phase out the Book on Google feature over the next 12 months, and is expected to disable it for US users on March 31, 2023 or later. In February, Google said it decided to close its hotel's Book on Google option on May 25 due to lower usage rates among its partners and consumers. (Google official website)

Cross-border information

7. SHEIN's GMV increased to US$16 billion in the first half of the year

On September 3, 36Kr learned that in the first half of 2022, SHEIN's sales exceeded US$16 billion, with a year-on-year growth rate of more than 50%. With the arrival of the peak season, SHEIN is expected to achieve the annual sales target of US$30 billion ahead of schedule, which is one year ahead of the original plan. In the past three years, SHEIN's performance has seen explosive growth. In the second quarter of 2022, SHEIN's 6.8 million installations in the US mobile terminal once again exceeded Amazon, a month-on-month increase of 13%. Although the former's MAU in the second quarter was three times that of SHEIN, the gap between the two is constantly narrowing. A person familiar with the matter revealed that SHEIN's DAU in the second quarter had exceeded 30 million, with a growth rate of 15%. (36Kr)

8. Amazon Cloud Technology reaches cooperation with Guangdong Zhongshan Commerce Bureau

On September 3, during the 2022 China International Service Trade Fair, Amazon Cloud Technology announced that it will cooperate with the Zhongshan Municipal Bureau of Commerce of Guangdong Province to establish an intelligent manufacturing and biomedical digital empowerment center in Zhongshan. The center is Amazon Cloud Technology's first digital empowerment center for two industries at the same time. (Media scrolling)

9. Amazon will close dozens of warehouses across the United States

On September 4, according to media reports, Amazon has decided to reduce its huge distribution business amid slowing sales growth, and has now abandoned dozens of existing and planned facilities across the United States. Amazon reported its slowest growth rate in more than 20 years in July, but eventually reported better-than-expected results, causing the stock to rise 12%. Amazon announced earlier this year that it will begin planning to sublease at least 10 million square feet of warehouse capacity as online shopping volumes have been slowing and is considering options to terminate or renegotiate more leases. (Amazon official)

10. Amazon's acquisition of iRobot transaction is investigated

On September 5, the Federal Trade Commission reportedly began reviewing Amazon's deal to acquire iRobot, a vacuum robot maker, for $1.7 billion, to decide whether the transaction violates antitrust laws. Amazon declined to comment, and iRobot and the U.S. Federal Trade Commission did not immediately respond to requests for comment. In August this year, Amazon announced the acquisition of iRobot, the maker of robot vacuum cleaner Roomba, for all-cash price of $61 per share. (Sina Technology)