Zhimeitong | International Highlights

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[Amazon US: Buyer return requests will be automatically approved from August 31] On August 2, Amazon US released an announcement on changes to the Return Authorization Program for sellers' self-delivery returns.

The announcement states that starting August 31, 2022, Amazon will automatically approve return requests from U.S. buyers and provide buyers with prepaid return shipping labels for items that fall into the following categories: Professional Medical Supplies in the Commercial, Industrial, and Scientific Supplies category , professional dental supplies, and sexual health products.

Manually authorizing return requests will continue to continue for the following product categories: handcrafted products, Amazon custom products, certified pre-owned watches, non-physical items (such as warranties, digital software, or digital coupons), legally non-returnable items, and dangerous goods.

[Supply chain congestion pushes up freight rates, Maersk raises its 2022 profit forecast] Maersk, the world's largest container shipping company, raised its 2022 full-year profit forecast on August 2. Maersk said in a statement: "Global supply chain congestion has led to higher freight rates for longer than initially expected." The company said it now expects 2022 earnings before interest, tax, depreciation and amortization of about $37 billion, higher than Previously expected $30 billion; potential EBIT is expected to be around $31 billion, up from a previous estimate of $24 billion.

01. North America

[Goldman Sachs warns against prematurely downplaying the risk of a U.S. recession, investors may be too careless about Fed rate cut bets] Goldman Sachs strategists said that investors may have too much confidence that the Fed may cut interest rates earlier to boost the weakened U.S. economy. "If we look at the repricing of cyclical assets in Europe and the United States, we think the market may be a little too careless based on expectations that monetary policy will be more accommodative and prematurely downplay the risk of recession." The Fed said last week that it will Slow down the pace of rate hikes at all times, and both tech stocks and emerging market currencies are all up. As policy flexibility increases, the market's demand for risky assets increases, and it is believed that the return of the low interest rate mechanism will support it.

[Economic Daily: The cost of curbing inflation in the United States is getting higher and higher] Data shows that the US economy has experienced negative growth for two consecutive quarters, which has met the definition of "technical recession" in the US economic circle. As recession expectations continue to rise, the price the United States is paying to curb inflation is getting higher and higher. In the second half of the year, the pressure on the U.S. economy will further increase. Once the "life-saving straw" of employment is gone, it is not impossible for the U.S. economy to have a hard landing.

[Etsy's GMS revenue increased by more than 10% in the second quarter of this year to $3 billion] On August 2, Etsy announced its financial results for the second quarter ended June 30, 2022. The financial report shows that Etsy's merchandise sales in the second quarter of this year Gross (GMS) was $3.0 billion, down 0.4% year over year.

The decline in GMV in the second quarter was due to macro headwinds such as reopenings, reduced consumer discretionary spending, foreign exchange rate volatility and ongoing geopolitical events, Etsy said.

At the same time, in the second quarter of this year, Etsy market GMS was $2.6 billion, down 0.6% year-on-year and up 141% compared to the second quarter of 2019; while non-US GMS in the Etsy market accounted for 44% of the overall GMS, up 3% year-on-year . This illustrates the strong growth of Etsy's cross-border business during the quarter.

[PayPal's second-quarter revenue of $6.806 billion: a year-on-year turn from profit to loss] Payment service provider PayPal today announced the company's second-quarter financial results for fiscal 2022. The report shows that PayPal’s net revenue in the second quarter was US$6.806 billion, an increase of 9% compared with US$6.238 billion in the same period last year, excluding the impact of exchange rate changes, an increase of 10% year-on-year; the net loss was US$341 million, compared with the same period last year. Net income for the same period last year was $1.184 billion, representing a year-on-year decrease of 129%; diluted loss per share was $0.29, compared with earnings per diluted share of $1.00 in the same period last year.

[Sandberg has officially stepped down as Meta’s chief operating officer] Meta’s filing with the U.S. Securities and Exchange Commission (SEC) shows that the company’s chief operating officer (COO) has officially stepped down on August 1.

Sandberg announced on June 1 that she would step down as COO after 14 years in office, but remain on the company's board. Following the resignation, the Meta COO role will be taken over by the Meta Chief Growth Officer.

[Canalys: Global spending on cloud services reached $62.3 billion in the second quarter of 2022] In the second quarter of 2022, demand for cloud infrastructure services remained high. Global cloud spending rose 33% year over year to $62.3 billion, driven by market demand for data analytics and machine learning, data center consolidation, application migration, cloud-native development, and service delivery. Due to the increasing use of industry-specific cloud applications, there are more and wider horizontal use cases emerging in the IT transformation process. The latest data from Canalys shows that global cloud spending is more than $6 billion higher than the previous quarter and $15 billion higher than the second quarter of 2021. In the second quarter of 2022, the top three global cloud spending will be dominated by Amazon Cloud Technology, Microsoft Azure and Google Cloud. Together, the three giants accounted for 63% of global cloud spending in the second quarter of 2022, with a combined growth of as much as 42%.

[Apple's new patent can share account identity] On August 2, Apple's "user interface for sharing an account with another user identity" patent was published. The summary shows that the user interface includes a first sharing option and a second sharing option, detects a request to share the account correspondingly, and in the case where the input includes the first sharing option, sends an invitation to the second user identity to become the co-owner of the account A request; where the input includes a second sharing option, send a request to invite the second user identity to become a participant in the account and not be a co-owner of the account.

[The iPhone 14 Pro may upgrade the OLED screen, and the non-Pro series will continue to use the previous generation materials] Apple will use different grades of OLED panels between the iPhone 14 and the iPhone 14 Pro to further differentiate the two models. Apple's screen supplier Samsung will reportedly use more advanced materials on the iPhone 14 Pro models, while sticking with previous-generation materials on the iPhone 14. The iPhone 14 Pro screen material set is the same OLED material set used in Samsung's upcoming foldable flagship.

[Uber’s second-quarter revenue of $8.073 billion: a year-on-year turn from profit to loss] The US ride-hailing company Uber today released the company’s second quarter financial report for fiscal 2022. The report shows that in the quarter ended June 30, Uber’s revenue was $8.073 billion, an increase of 105% compared with $3.929 billion in the same period last year, and a year-on-year increase of 111% excluding the impact of currency changes; bookings Gross Bookings was US$29.078 billion, an increase of 33% compared to US$21.900 billion in the same period last year, or a 36% year-on-year increase excluding the impact of exchange rate changes; the net loss attributable to Uber was US$2.601 billion, compared to Net income attributable to Uber in the same period last year was $1.144 billion.

[Airbnb's second-quarter revenue of $2.104 billion: year-over-year turnaround] Airbnb today released the company's second-quarter financial report for fiscal 2022. According to the report, Airbnb’s revenue in the second quarter was US$2.104 billion, an increase of 58% compared with US$1.335 billion in the same period last year, a year-on-year increase of 64% excluding the impact of exchange rate changes; net profit was US$379 million, This compares to a net loss of $68.2 million in the year-ago period, a turnaround year-over-year; diluted earnings per share attributable to Class A and B common stockholders were $0.56, compared to a year-ago period attributable to Class A Diluted loss per share for Class B common stockholders was $0.11.

02. EU region

[Europe faces a shortage of natural gas, Russia: difficulties stem from sanctions against Russia] Since the outbreak of the Russian-Ukrainian conflict, European countries have been instigated by the United States to impose multiple rounds of sanctions on Russia, resulting in their own energy crisis. Since July 27, the gas transmission volume of Nord Stream-1, a natural gas pipeline from Russia to Germany, has dropped to 20% of its full capacity. Gazprom said that the reason for the reduction in gas transmission is There is another turbine to be repaired. On August 1, local time, Peskov, the press secretary of the Russian President, said, “The statements made by Gazprom are the true status quo. The parts failure of the”Beixi-1” needs to be repaired urgently. At the same time, the illegal sanctions and restrictions imposed on Russia It also creates artificial difficulties, and there is very little that Russia can do in this regard.

[Spain’s unemployment rate rose in July, and the labor market was frustrated by economic instability] According to data from the Spanish government on August 2, local time, Spain’s labor market conditions deteriorated in July. Compared with June, the number of employed persons in the country decreased by 7,366 and the number of unemployed increased by 3,230, bringing the total number of registered unemployed in the country to more than 2.88 million.

[Italian Communications Authority imposes a fine of 750,000 euros on Google] On August 2, local time, the Italian Communications Authority issued an announcement deciding to impose a fine of 750,000 euros and 700,000 euros on Google, which controls the video site Youtube, and Internet marketing company Top Ads, respectively. fined in euros for illegally posting gambling advertisements.

The Communications Authority believes that Top Ads distributes advertisements for gambling content through its website and its channel on the YouTube platform. Google was fined for failing to take steps to remove illegal content uploaded by third parties.

03. Other regions

[Institutional analysis: Rising inflation expectations in the UK provides a reason for the Bank of England to further raise interest rates] Relevant institutions pointed out that how to raise interest rates by 115 basis points in the interest rate hike cycle without weakening inflation expectations is the market put forward before the Bank of England meeting on Thursday The problem. Sterling-denominated five-year inflation swaps are now inching up to 3.75%, close to where the Bank of England started raising interest rates in December. While the Bank of England's inflation expectations have been several times its target, the Bank of England's benchmark interest rate has not even reached a neutral level. That would lead to a longer rate hike cycle, with more massive rate hikes later in the cycle, even amid concerns about slowing growth. Markets are now pricing in a 90% chance of the Bank of England raising rates by 50 basis points.

[The Russian central bank predicts that the Russian economy will resume growth in the second half of 2023] The Russian central bank released a new credit policy report on August 1, local time. The report predicts that the Russian economy will resume growth in the second half of 2023. The report showed that Russia’s gross domestic product will fall by 4% to 6% in 2022, compared with a decline of 8% to 10% predicted by the Russian Central Bank in April. According to the report, European natural gas futures prices will continue to run high until the end of 2022.

[The Reserve Bank of Australia announced a 50 basis point rate hike to 1.85%] The Reserve Bank of Australia announced an interest rate decision, raising the benchmark interest rate by 50 basis points to 1.85% for the third consecutive month, in line with market expectations.

[Goldman Sachs forecasts a 25% chance of a recession in Australia and 30-35% in New Zealand] Goldman Sachs forecasts a 25% chance of a recession in Australia and 30-35% in New Zealand in the next 12 months, while warning that the U.S. economy A sharp decline would raise those odds to 50-60%. William Nixon said the base case assumption was that both countries would avoid a recession, but noted downside risks, including weaker global activity, supply-side inflation and a recession due to tighter financial conditions. Rising interest rates and oil prices also appear to increase the likelihood of a recession, but their strong correlation with headline inflation means they don't offer much additional predictive power, Nixon said. Economists at some institutions, including Nomura, UBS and Commonwealth Bank of Australia, expect Australian rate cuts to begin as early as next year.

[Thai Prime Minister: Thailand's annual economic growth rate is expected to reach 3.3%] The Thai Prime Minister announced on August 2 after the cabinet meeting that Thailand's economic recovery in the second quarter of this year is on a good trend, and the annual economic growth rate is expected to reach 3.3%. It is expected that next year The growth rate will be 4.2%. Prayut said that the economic growth is driven by the recovery of domestic consumption and the return of international tourists. It is expected to receive 6 million international tourists throughout the year and 19 million international tourists next year. In addition, export growth is expected to reach 7.9 percent this year, with continued growth next year. But inflation in Thailand is likely to rise to 6.9 percent this year due to factors such as rising global energy prices.

[Market Analysis: South Korea's inflation accelerates the central bank is expected to further raise interest rates] South Korea's inflation rate further accelerated in July, highlighting the need for the Bank of Korea to continue raising interest rates to curb price pressures. Data on Tuesday showed consumer prices rose 6.3% from a year earlier, up from 6% in June and in line with economists' expectations. The governor of the Bank of Korea had said the day before that the Bank of Korea would likely raise interest rates by 25 basis points, while refusing to rule out the possibility of a larger rate hike. South Korean policymakers expect price growth to remain high for the next few months before starting to decelerate. The Bank of Korea will carefully analyze the inflation report as it prepares for its Aug. 25 policy decision. Policy makers raised interest rates by 0.5 percentage points last month.

Zhimeitong | Logistics Highlights

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[From January to July, the China-Europe Railway Express has operated a total of 8,990 trains, a year-on-year increase of 3%] From January to July this year, the China-Europe Railway Express has operated a total of 8,990 trains and sent 869,000 TEUs of goods, an increase of 3% and 4% year-on-year respectively. Among them, 1,517 trains were opened and 149,000 TEUs of goods were sent in July, an increase of 11% and 12% year-on-year respectively, both hitting record highs.

[DHL Express terminates parcel delivery service in Russia from September 1] International postal and logistics company DHL Express announced that from September 1, the company will terminate the parcel delivery service in Russia and the express service in Russia overseas will continue.

Zhimeitong | Domestic Highlights

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[The country's first cross-border e-commerce export embedded supervision reform pilot landed in Dongcheng, Dongguan] Dongguan Dongcheng Street and Dongguan Customs, Dongguan Municipal Bureau of Commerce, and China Post Dongguan Branch held a cross-border e-commerce export embedding at Dongguan International Mail Exchange Bureau The launching ceremony of the pilot reform of the cross-border e-commerce export, which was the first in the country, marked the official launch of the pilot project of the embedded regulatory reform of cross-border e-commerce exports.

It is understood that the embedded supervision mode of cross-border e-commerce export is one of the important measures for Dongcheng Street to comprehensively deepen the reform of "delegating power, delegating power, delegating power, delegating control and serving", optimizing the business environment, and enhancing the execution ability of the grassroots end.

Zhimeitong | E-commerce highlights

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[Amazon starts rolling out same-day delivery at select retail stores] On August 2, Amazon announced that Prime members in some urban areas in the United States can purchase products at some of their favorite branded retailers through the Amazon app and website, and receive Enjoy same-day delivery.

Currently, Prime members in more than a dozen cities including Atlanta, Chicago, Dallas, Las Vegas, Miami, Phoenix, Scottsdale, Seattle, and Washington, D.C. can purchase PacSun, GNC, SuperDry and Diesel, and purchase them at Purchased items are received the same day.

[eBay sellers can use Warenpost service through certified docking warehouse] Due to the unstable quality of DHL Warenpost service, eBay disabled this service in the overseas warehouse service standard in 2021. It is reported that DHL has recently upgraded the Warenpost service, and the stability of service quality and the timeliness of proper delivery have been significantly improved compared with last year.

Sellers can use the DHL Warenpost service through eBay certified docking warehouses, and enjoy eBay certified docking transactions in the overseas warehouse service standards and enjoy the assessment-free treatment, and will not affect the account's performance in the overseas warehouse service standards.

[eBay US station expands the scope of seller protection to sellers affected by floods in the southeastern United States] News on August 2, a few days ago, eBay issued an announcement saying that due to floods in the southeastern United States, traffic was paralyzed, and many packages could not be delivered in time. Expanded seller protections to affected sellers in the region.

The floods, one of the most destructive and deadly ever recorded, have killed at least 28 people, and the death toll is expected to rise, according to CNN. Flooding has left more than 33,000 homes and businesses without power in eastern Kentucky, West Virginia and parts of Virginia.

[AliExpress Russia orders are gradually being released] AliExpress issued an announcement saying that Russian orders are gradually being released, and sellers who have completed the signing of Wanlihui account before July 31 can go to "RU Order Fund Management" today for capital operations. . At the same time, AliExpress will also waive the fund withdrawal and transfer fees for the new portal before August 31, 2022.

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