【Financial report release】
Coupang's second-quarter loss narrowed, raising its full-year profit forecast
South Korean e-commerce giant Coupang posted better-than-expected second-quarter results and raised its 2022 profit forecast, as higher monthly membership fees and improved operating efficiency helped boost profitability. The company said in a statement on Wednesday that it now expects full-year adjusted earnings before interest, taxes, depreciation and amortization (ETITDA) to be positive, after an expected loss of $400 million.
The company's second-quarter operating loss narrowed to $75 million from $514.9 million a year earlier. Revenue rose 12% to $5 billion, and the number of active users rose 5%. Driven by this, Coupang's stock price rose 6% after the market.
Wish: Net loss of $90 million in the second quarter, loss narrowed by 19% year-on-year
ContextLogic, the parent company of global mobile e-commerce platform Wish, released its financial results for the quarter ended June 30, 2022. Wish’s revenue in the second quarter was $134 million; adjusted EBITDA was a loss of $58 million, a loss narrowed 13% year-on-year; a net loss of $90 million, a loss narrowed 19% year-on-year.
eBay Q2 net revenue fell 9% year-on-year to $2.4 billion, and the number of active buyers fell 12%
eBay released earnings for the second quarter ended June 30, 2022. The financial report shows that in the second quarter, eBay’s revenue was US$2.4 billion, down 9% year-on-year, excluding the impact of exchange rate changes, down 6% year-on-year; platform GMV was US$18.5 billion, down 18% year-on-year, excluding the impact of exchange rate changes. A year-on-year decrease of 14%; net losses on a GAAP basis and non-GAAP basis were $536 million and $554 million, respectively.
eBay’s net transaction revenue in the second quarter was $2.297 billion, down 8% from $2.496 billion in the same period last year, of which international market revenue accounted for 52%, compared with 53% in the same period last year; eBay’s active purchases in the second quarter The number of households was 138 million, down 12% from 156 million in the same period last year; the number of active buyers excluding GittiGidiyor was 135 million, down 11% from 151 million in the same period last year.
【Market Information】
TikTok e-commerce GMV exceeds $1 billion in the first half of the year
TikTok’s e-commerce GMV (gross merchandise volume) in the first half of 2022 has exceeded $1 billion, which is comparable to its full-year 2021 volume. Among them, the average monthly GMV of the Indonesian market is US$200 million; the average monthly GMV of the UK market is US$24 million.
Ali International Station released August cross-border index: domestic mobile home GMV increased by 117%
Alibaba International Station released the cross-border index in August. After the epidemic, mobile homes from China have become a global hot commodity. In the past two years, online GMV has increased by 117%, and the search volume of “ready-made houses” and “expandable container houses” has increased by about 8 times. In addition, after the epidemic, the world has set off a boom in infrastructure construction, and it is at the time when machinery industry brands go overseas. The market of countries represented by Southeast Asia has a great demand for Chinese machinery.
Multi-category sales in Spain are on the rise
Online shopping in Spain is on the rise as consumers turn to online shopping. By category, fashion remains the mainstay of online sales, with 46.8% of Spaniards over the age of 16 saying they bought at least one piece of clothing online during the year. Chemical beauty products became the most significant growth category in the Spanish online market this year, with a growth rate of 42%. Hair care products, skin care products, cosmetics, nail polish and more have become popular online shopping products for Spanish consumers, with an increase of 16% compared to last summer. The other two fastest-growing categories are food and beverages (30.4%) and pet-related products (34.9%).
German e-commerce sales fall 9.6% in second quarter
E-commerce in Germany was affected by weak consumer sentiment in the first half of the year, with e-commerce revenue from goods falling by 9.6% in the second quarter of 2022 compared to the same period a year earlier, new data on German e-commerce shows. Total sales in the industry were still 8% higher than in the second quarter of 2020 and 25.8% higher than in 2019, the survey showed.
【Frontier of Logistics】
Another large container port in Indonesia completed
Recently, Indonesian President Joko Widodo attended the inauguration ceremony of the Basic Container Port in Lampawa County, West Kalimantan Province. At present, this is the largest container port in Kalimantan, the largest island in the world, with an average annual processing capacity of more than 1.95 million TEUs and an average annual cargo throughput of 28 million tons, an increase of 500,000 TEUs and 800,000 TEUs respectively compared with the previous ones. tons.
U.S. container import growth slows in June
According to the latest monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. After a record spring, the number of U.S. imported containers fell in June. Import container volumes at major U.S. ports are expected to slow sharply for the rest of the year. The report shows that U.S. ports handled a total of 2.25 million TEU (20-foot equivalent containers) in June, down 5.9 percent from 2.4 million TEU in May, but up 5.5 percent from the same period in 2021, the highest number of imported containers in a single month since 2002 new record.
Global logistics robot Jizhijia completes $100 million E1 round of financing
It is reported that the amount of this round of financing of Jizhijia is mainly used to accelerate the expansion of the global market and continue to promote the research and development of underlying technologies and innovation of key products. It is understood that Jizhijia's sales orders in 2021 will exceed 2 billion yuan, and its revenue will exceed 1 billion yuan. In 2022, Jizhijia will continue to maintain business growth, and its order volume in the first half of the year has doubled year-on-year. After this round of financing, Jizhijia will continue to follow the established strategy, accelerate the pace of global expansion, and maintain the momentum of business growth.
SHEIN has reached a cooperation with China Southern Airlines Logistics to expand flight capacity and warehousing resources and improve freight capacity in Europe and the United States
A few days ago, Shein and China Southern Airlines Logistics (CSAL) reached a cooperation to expand flight capacity and storage resources, and improve freight capacity in Europe and the United States. The move is aimed at promoting "resource sharing, mutual benefit and win-win" between the two companies, while giving full play to their respective resources and network advantages. In the future, airlines will increase investment in transportation capacity, products, funds, etc., continue to deepen the cross-border e-commerce logistics market, facilitate the integration of industrial chains and supply chains, and help the global development of enterprises and brands.
【Platform News】
Facebook to turn off live shopping on October 1
Recently, Facebook announced that from October 1, 2022, it will shut down its live shopping function, and users will not be able to host any new or scheduled live shopping events on Facebook. Facebook will shift its focus to Reels, Meta's short-form video product, available on Facebook and Instagram. If businesses want to attract consumers with short videos, they can try Reels and Reels ads on Facebook and Instagram. Reels also allows merchants and creators to use paid advertising to boost the value of their content. Currently, users can still use Facebook Live to live stream events, but cannot create product playlists or tag products in Facebook Live videos.
Shopee ranked No. 1 by downloads among Brazilian e-commerce platforms in the second quarter
Snaq released the Brazilian e-commerce report for the second quarter of 2022. The data shows that in the second quarter of 2022, Shopee has been downloaded more than 9 million times in Brazil, ranking first. Followed by Mercado Livre (Meikeduo) and Magazine Luiza, the downloads were 4.292 million and 3.71 million respectively, far less than the increase of Shopee. Among the top ten e-commerce platforms in Brazil, Shopee has a 20.2% share of downloads.
Amazon-branded sellers will be eligible for free premium A+ content that boosts sales by 20%
Premium A+ content is reported to offer new and larger module types such as video, image carousel and interactive hotspots in the product description section of product detail pages. Premium A+ content is good for increasing sales by 20%. During the promotion period, sellers can use the A+ Content Manager to publish premium A+ content for all registered ASINs. It is important to note that access to Advanced A+ will be granted at the end of each month. Sellers will be notified if Amazon announces a fee for premium A+ content.
Amazon buys robotics company iRobot for $1.7 billion
Recently, according to Jiemian reports, Amazon and the American robotics company iRobot jointly announced that the two parties have reached a final agreement, Amazon will acquire iRobot at a price of 61 US dollars per share, and the total transaction price is about 1.7 billion US dollars. Completion of the transaction is subject to customary closing conditions, including iRobot's shareholder approval and regulatory approval. Colin Angle will continue to serve as iRobot's CEO after the transaction closes.
Wish Adjusts Commission Policy for Non-EU Regions, Eliminates "Dynamic Markups"
In the past six months, the Wish platform is further promoting the deepening of the commission ratio policy (that is, the income sharing ratio policy) and the reform of "dynamic price increase". Since July 6th, Wish platform has implemented a new commission ratio policy in the EU market. The commission policy based on product category, store level, etc. has reduced the commission ratio to a certain extent. At the same time, it also guides and supports everyone. Merchants continued to do a good job in the overall operation of the store. It is expected that from September 2022, Wish will launch a new commission rate model in non-EU markets (for example, the United States and other regions). After the launch, orders released to global merchants in non-EU routes will be applicable to the new step-by-step model. commission model.
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