#Laogao E-commerce Newsletter# [May 5 E-commerce Morning News]

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

E-commerce newsletter

1. Meiwa's GMV in 2022 exceeds 65 billion yuan

According to the report on May 4, according to LatePost, Li Jiaqi's live broadcasting agency Meiwa, Meiwa, had a GMV of more than 65 billion yuan last year. Xinxuan Group, which is at home on Kuaishou, last year's GMV exceeded 60 billion yuan. (LatePost later)

2. Kuaishou Ideal Home Buying Festival ended: Total sales exceed 3.91 billion

On May 4, Kuaishou Ideal Home Spring House Buying Festival ended successfully recently. The total sales of the event exceeded 3.91 billion, attracting more than 6.5 million people to participate, triggering more than 690 properties in 48 cities, and the total sales of more than 2,680 units. Previously, Kuaishou Ideal Home launched a one-month spring home purchase festival, and took out 200 million yuan in home purchase gifts to link developers, institutions and anchors to bring price discounts and high-quality housing resources to home buyers. During the House Purchase Festival, Kuaishou Ideal Home Platform conducted more than 128,000 real estate live broadcasts, and more than 650 real estate anchors led to the transactions of real estate, and nearly 60,000 people received 3,666 yuan in house purchase gifts and coupons. (36Kr)

3. Xiaohongshu and Emma Technology reach strategic cooperation

On May 4th, the launch conference of the new product of Emma electric car "Fashion Emma, ​​Travel Freely" Emma Egg Series was held in Shanghai recently. At the press conference, Emma announced a strategic cooperation with Xiaohongshu. In addition, Emma announced the "surprise box" jointly launched with Xiaohongshu on the spot. Emma Chief Brand Officer Mo Xuan said that in terms of user gender distribution, Xiaohongshu has as high as 82%, and it is mainly young users aged 18-28. This is more in line with Emma's product positioning. (Oriental Fortune Network)

Internet news

4. Li Yanhong said that Wen Xin Yiyan has completed 4 major upgrades

On May 5, Baidu founder, chairman and CEO Li Yanhong pointed out in an internal speech recently, "Computing power cannot guarantee that we can lead in general artificial intelligence technology. Computing power can be bought, innovation ability cannot be bought, and it needs to be built by itself." Li Yanhong said that Wen Xin completed four major technology upgrades in one month in one sentence, and the cost of large-scale inference has dropped to one-tenth of the original, and the inference performance has been increased by nearly 10 times. "When others just started thinking about how to train, we had already rushed far away in reasoning." (Sina Finance)

5. Apple's total net revenue in the second quarter of fiscal year 2023 was US$94.836 billion

According to May 5, Apple today released the company's second quarter results for fiscal year 2023. Among them, Apple's net revenue from products in the second quarter was US$73.929 billion and its net revenue from services was US$20.907 billion. Apple's revenue in Greater China in the second quarter was US$17.812 billion, down 3% from US$18.343 billion in the same period last year. Apple's revenue from iPhones in the second quarter was $51.334 billion, an increase of 1.51% from $50.57 billion in the same period last year, exceeding analysts' previous expectations. (Apple)

6. SF Express’s “Half-Day Same City” service has covered more than 80 cities across the country

On May 4, SF Express Group's official account announced that the half-day delivery service in the same city has been upgraded, covering more than 80 cities across the country. For documents, gifts, flowers, medicines and other items, it will be shipped in the morning and afternoon and the same day. (SF Express Group)

Cross-border newsletter

7. Shopify will lay off 20% of its employees and sell logistics business

Shopify announced it would lay off about 20% of its employees and sell its logistics business to Flexport to help the company focus more on its main goals. The decision will affect about 1,800 employees, and departing employees will receive 16 weeks of severance and medical benefits. Shopify said the moves will give it better speeds, faster speeds and better results, while Shopify will acquire a 13% stake in Flexport as its official logistics partner. In the first quarter, Shopify's earnings reached $68 million, a huge increase compared to the same period last year. (ENECNEWS)

8. The 7th Global Cross-border E-commerce Conference will be held in Zhengzhou on May 9

On May 4, the exhibition display of the 7th Global Cross-border E-Commerce Conference and the first parallel forum "Cross-border E-Commerce Supply Chain Innovation and Development Forum" will be opened at the Zhengzhou E-Trade Expo Trading Center on May 9. It is reported that the Cross-border E-Commerce Supply Chain Innovation and Development Forum is the first parallel forum of the 7th Global Cross-border E-Commerce Conference. It will be held at the E-Trade Expo Trading Center on the afternoon of May 9. The theme of the forum is "Innovative Digital Technology to Service New Trade". At that time, experts and scholars in the field of cross-border e-commerce at home and abroad will interpret the new trends in the global e-commerce industry on the spot, discuss new opportunities for digital transformation and cooperation in supply chains, and deeply analyze and share hot topics and solutions such as digital logistics, online freight, and integrated supply chain management systems. The exhibition and display of the 7th Global Cross-border E-commerce Conference will last until May 11, lasting for 3 days. The exhibition site has five major exhibition areas, including international logistics exhibition area, cross-border e-commerce live broadcast and digital business exhibition area, cross-border new retail and cross-border pharmaceutical exhibition area, cross-border e-commerce comprehensive pilot exhibition area, well-known platform enterprises and cross-border e-commerce supplier exhibition area, with an exhibition area of ​​38,000 square meters. (CGLNY Silk Road Cross-border)

9. Shopee's parent company Sea will release its first-quarter financial report on May 16

On May 4, Shopee's parent company Sea Limited plans to announce its first quarter 2023 results before the opening of the U.S. stock market on May 16, 2023 Eastern Time. The company's management will hold a conference call to discuss the results of the first quarter of 2023. The live broadcast of this conference call will be held on the company's website. The specific dates and times of the conference call and live broadcasts are as follows: 7:30 am ET on May 16, 2023; 7:30 pm Singapore/Hong Kong time on May 16, 2023. (Sea Limited)

10. Things to note when publishing items on eBay Australia Station

eBay identified several categories that sellers often use: sofa covers/sofases, seat covers/chairs, mattress covers/mattresses, mattresses/beds and headboards, chairs/home desks, cutlery/dining tables. To give buyers a better experience, eBay will provide tips on choosing the right category so that sellers’ products can appear in more relevant search results. (eBay)