Zhimeitong | International Highlights

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[Amazon’s second-quarter revenue of $121.2 billion: a year-on-year turn from profit to loss] Amazon released the company’s second-quarter financial report for fiscal 2022. The report shows that Amazon’s net sales in the second quarter were $121.234 billion, an increase of 7% compared with $113.080 billion in the same period last year, and a 10% year-on-year increase excluding the impact of exchange rate changes; a net loss of $2.028 billion, compared with the same period last year. Net income for the same period last year was $7.778 billion; diluted loss per share was $0.20, compared with earnings per diluted share of $0.76 for the same period last year.

[Reducing inflation is the government's top priority] The US Treasury Secretary held a press conference on July 28, local time. In her speech, she said that the two consecutive declines in the US gross domestic product (GDP) did not prove that the US economy has into recession. Yellen said the real recession is "widespread weakness in the economy" and "that's not what we're seeing right now." Yellen said reducing inflation is the government's top priority. She said consumer price gains "could ease back in the coming days." The first estimated data released by the United States on July 28 showed that the US gross domestic product (GDP) fell by an annual rate of 0.9% in the second quarter of this year, which was the second consecutive quarter of contraction of the US economy.

01. North America

Inflation-adjusted business investment fell 0.1% in the second quarter , reflecting a decline in both construction and equipment spending. Spending on intellectual property products has risen steadily. Residential investment fell at an annual rate of 14%, the sharpest decline since the start of the pandemic, reflecting a squeeze on the housing market from high borrowing costs and rapid inflation. Sales have fallen for months, and builders are increasingly pessimistic about future demand.

[CBO: U.S. budget deficit expected to fall this year to lowest since 2018] The U.S. federal budget deficit is at its smallest in four years, as stimulus spending in response to the pandemic dwindled and Treasury revenue hit a record, according to data from the Congressional Budget Office (CBO). . The agency said Wednesday in its long-term outlook that the budget deficit will fall to 3.9 percent of GDP in the fiscal year that begins Oct. 1. With personal income tax increases, incomes will soar to nearly a fifth of GDP in 2022, one of the highest levels ever, the CBO said. Spending as a share of GDP this fiscal year was 23.5% lower than last year and will continue to decline in coming years as pandemic spending dwindles. In the longer term, the CBO expects the U.S. economic expansion to slow, with nominal GDP growing at an average annual rate of 3.9% over the next 30 years, compared with 4.5% in the first 30 years.

[US Congress: The US economy is full of uncertainty in the next 30 years, and the debt will reach 185% of GDP] The US Congressional Budget Office said that the US federal debt will reach 185% of the gross domestic product (GDP) in 2052, which means that , the next 30 years, the US economy will be full of uncertainty. According to data released by the Congressional Budget Office, the total debt of the United States is expected to reach 98% of GDP in 2022, 4 percentage points lower than the forecast data in 2021. Although the debt problem has received a brief respite, the total federal debt will continue. climbed, expected to surpass the all-time high in 2031 and climb to 185% of GDP in 2052.

[WHO: Globally reported cases of monkeypox have exceeded 18,000] The World Health Organization said on July 27 that 78 countries and regions around the world have reported cases of monkeypox, with a total of more than 18,000 cases, most of which are in Europe. More than 70 percent of reported cases are in Europe and 25 percent in the Americas; about 10 percent are hospitalized; five deaths have been reported so far, the WHO director-general said at a news conference at headquarters in Geneva, Switzerland.

[The US International Trade Commission makes the fourth anti-dumping sunset review of polyester staple fiber industry injury final ruling] The US International Trade Commission (ITC) voted to make the fourth decision on the import of polyester staple fibers from Taiwan and South Korea (Polyester Staple Fiber) The second anti-dumping sunset review affirmative final ruling on industrial damage: ruling that if the current anti-dumping measures are cancelled, the substantial damage to the U.S. domestic industry caused by the import of the products involved may continue or recur within a reasonably foreseeable period. According to the final ruling, the current anti-dumping measures in this case continue to be effective. In this ruling, five members of the US International Trade Commission voted affirmatively.

On April 29, 1999, the US Department of Commerce issued an announcement to initiate an anti-dumping investigation on polyester staple fibers imported from Taiwan, China and South Korea. On March 30, 2000, the US Department of Commerce issued an announcement to make a final anti-dumping ruling on polyester staple fibers imported from Taiwan, China, and then revised the final ruling on April 27. On May 25, 2000, the United States formally imposed anti-dumping duties on polyester staple fibers imported from Taiwan, China and South Korea. Since then, the United States has conducted three sunset reviews, and extended the tax collection period three times on April 3, 2006, September 30, 2011, and February 10, 2017. On January 3, 2022, the U.S. Department of Commerce initiated the fourth anti-dumping sunset review investigation on polyester staple fibers imported from Taiwan and South Korea. On May 9, 2022, the U.S. Department of Commerce made the fourth anti-dumping fast sunset review final ruling on polyester staple fibers imported from Taiwan and South Korea.

[The three major U.S. stock indexes rose collectively at the opening: Meta fell more than 5%, Qualcomm fell more than 2%] The three major U.S. stock indexes rose collectively at the opening, the Dow rose 0.18%, the Nasdaq rose 0.03%, and the S&P 500 Index rose 0.16%. Meta fell more than 5%, and the company recorded its first-ever revenue decline in the second quarter. Qualcomm fell more than 2 percent after Qualcomm expected fourth-quarter revenue to fall short of Wall Street's target.

(FTC seeks to block Meta's acquisition of VR company Within Unlimited ) The Federal Trade Commission (FTC) is seeking to block Meta Platforms' (META.O) acquisition of Within Unlimited Inc. and its virtual-reality-specific fitness app Supernatural. The FTC said on July 27 that Meta, formerly Facebook, has become an important player at all levels in the virtual reality field. The agency alleges that Meta CEO Mark Zuckerberg is planning to expand Meta's virtual reality empire by acquiring the fitness app, which would reduce market competition and violate antitrust laws.

[Apple’s quarterly results slightly exceeded expectations, iPhone sales were better than people’s concerns] Apple announced that its third-quarter results were slightly stronger than Wall Street’s expectations, and the market’s concerns that the supply chain and the macro economy may be a drag on Apple’s revenue have eased. In the fiscal third quarter, Apple's revenue rose 2 percent to $83 billion, compared with analysts' average estimate of $82.8 billion. Earnings per share were $1.20, above the $1.16 forecast. The company did not provide guidance for the fourth quarter, continuing its practice since the outbreak began. Apple's fiscal third-quarter sales of iPhones and iPads were better than expected, but other products, including Macs and wearables, fell short of expectations. The services segment, a key growth area for the company, underperformed expectations. Apple shares rose more than 3 percent in after-hours trading.

[Amazon and Apple’s earnings beat expectations, driving U.S. futures to continue to rise after the market] Apple and Amazon’s earnings performance was better than expected, and both rose after the market, driving U.S. stock futures to continue their gains. Among them, S&P 500 futures and Nasdaq 100 index Futures both rose more than 2%. After the market, Amazon rose more than 13%, and Apple rose more than 4%. Meanwhile, Intel shares fell 12% after cutting its revenue forecast for the current fiscal year. The founder of Vital Knowledge said: “This report from Amazon raises a lot of concerns as consumers face headwinds and there are concerns that Amazon Cloud Services (AWS) may experience weakness due to its exposure to tech startups, but the The company's performance has improved significantly in both revenue and profit."

[Total orders at the end of Amazon India Prime Day increased by 50% year-on-year] The 2022 Amazon India Prime Day (July 23-24) event has ended, and Amazon has officially announced the sales data of this India site promotion.

According to statistics, more than 95% of Indian Prime members participated in this year's Prime Day on Amazon's India station, and many data hit record highs.

[Because of investing in Rivian, Amazon has lost 11.5 billion US dollars] Amazon is an investor in the Rivian electric vehicle company. Rivian went public in November last year. Not long after the Nasdaq hit a high point, Rivian’s stock price rose, and Amazon’s shareholding valuation reached $27 billion. In the first quarter of this year, Amazon recorded a loss of $7.6 billion due to its investment in Rivan, and lost another $3.9 billion in the second quarter, with a cumulative loss of $11.5 billion. Nearly three-quarters of Rivian's valuation has evaporated during that time. Just yesterday, Ford reported a loss of $2.4 billion from its investment in Rivian. Amazon's investment is only worth $5 billion right now.

[Meta: Despite challenges from U.S. regulators, it will continue to look for more acquisition targets] Although the U.S. Federal Trade Commission (FTC) said on July 27 local time that it is seeking to block Meta's recent acquisition, the company will continue to find More target companies to acquire.

"M&A is definitely an integral part of our strategy, and the company will continue to look at future acquisitions," said David Wehner, CFO of Meta, which has previously acquired Instagram, Whatsapp and many other companies and faced federal government funding over those deals. challenge.

[Microsoft plans to team up with Google, Oracle, etc. to change Amazon's dominance of U.S. government cloud service contracts] Microsoft is teaming up with other well-known cloud computing providers, such as Google and Oracle, to put pressure on the U.S. government to spread the spending on such services to a greater extent , targeting Amazon's dominance in government cloud service contracts.

[Google delays cookie replacement plan to 2024] Google disclosed in the latest news that the company will delay its plan to replace third-party advertising cookies until 2024.

"The most consistent feedback we've received so far is that more time is needed to evaluate and test the new privacy sandbox technology before it can be used in Chrome as a cookie replacement," Google's VP of Privacy Sandbox said in a July 27 blog post "As developers adopt these APIs (application development interfaces), we're now leaning toward phasing out third-party cookies in Chrome starting in the second half of 2024," it said.

[New Google Play Store rules will prohibit apps from inserting full-screen ads at will] Google Google Play Store recently released new rules to prohibit full-screen interstitial ads in all formats (video, GIF, static, etc.) that are accidentally displayed. The regulation will take effect on September 30, 2022. Google says this policy does not apply to rewarded ads that users have explicitly opted into, nor to monetization and ads that do not interfere with normal app usage or game play.

[Shopify warns of adjusted operating loss in the second half of the year] Shopify warned of an adjusted operating loss in the second half of the year due to higher costs and expenses related to the integration of e-commerce company Deliverr.

[Twitter agrees to Oct. 17 trial, but still worried about Musk delaying] Twitter said in a court filing that the company does not oppose a proposal by Elon Musk to drop Musk’s lawsuit starting Oct. 17 The $44 billion takeover deal goes to trial, but the company wants a promise to complete the trial within five days.

02. EU region

[BlackRock: Energy Crisis Hits Europe's Low-Allocated European Stocks] Europe bears the brunt of the conflict between Russia and Ukraine, and as the energy shortage hits real incomes, we believe the risk of a recession is becoming more apparent. The ECB appears to be on the verge of a potential policy mistake by insisting that economic growth persists to justify higher interest rates, but we believe that the ECB will realize the mistake sooner than the Fed and the eurozone will feel the economic shock earlier, And its growth starting point is still lower than the United States. On the bright side, Europe has the opportunity to unite more closely to accelerate the green transition, and the euro area banking industry is also expected to increase interest income due to interest rate hikes.

[Euro zone economic confidence index hits weakest in 17 months as recession fears intensify] Euro zone economic confidence index fell to its lowest level in nearly a year and a half, energy shortage worries plague consumers and businesses, and the European Central Bank has more than a decade The first rate hike in recent years also fueled fears of a looming recession. The euro zone economic sentiment index compiled by the European Commission fell to 99 in July from 103.5 in the previous month. That was well below the 102 that economists had expected.

[French National Electricity lost about 5.3 billion euros in the first quarter, which was its largest loss in a single quarter] The French national power company said to the public that the company lost about 5.3 billion euros (about 36.4 billion yuan) in the first quarter, creating its largest single-quarter loss. loss. The reason for the loss is that, on the one hand, 30 of the 56 nuclear power reactors of France Guodian have been shut down for various reasons; on the other hand, the French government has asked France Guodian to limit the electricity price in order to alleviate the impact of rising energy prices on the people. France's Total Group announced on the same day that it achieved a profit of US$5.7 billion (about 38.5 billion yuan) in the second quarter, mainly due to the increase in oil and gas prices caused by the conflict between Russia and Ukraine. France's Total Group announced on the same day that it achieved a profit of US$5.7 billion (about 38.5 billion yuan) in the second quarter, mainly due to the increase in oil and gas prices caused by the conflict between Russia and Ukraine.

[Germany plans to impose a surcharge on natural gas from October 1] Germany is expected to impose a surtax on all natural gas users from October 1, in this way, natural gas suppliers will be able to pass on the sharp increase in natural gas import prices. consumer. Germany's Deputy Chancellor and Minister of Economics and Climate Protection expects each household to spend several hundred euros extra.

[German government approves a special fund of over 170 billion euros for energy transition and climate protection] The German federal government has approved a special fund totaling about 177.5 billion euros for energy transition and climate protection and to reduce the burden on citizens. The German federal government upgraded the original "Energy and Climate Fund" to the "Climate and Transition Fund", and approved the fund's economic plan for 2023 and a draft plan until 2026. From 2023 to 2026, the federal government will provide a total of about 177.5 billion euros, of which 35.4 billion euros are planned for 2023. As a special fund of the federal government, the fund will be an important financing tool for energy transition and climate protection, and will also provide subsidies for energy-intensive companies and private households to compensate for rising energy prices.

[High temperature hits southern Spain, Zoe becomes the world's first named heat wave] This week, the heat wave "Zoe" hit the southern Spanish city of Seville, pushing the local temperature to 110 degrees Fahrenheit (43.3 degrees Celsius). ), which is the worst heatwave the city has experienced on record. "Zoe" is also the world's first named heatwave. The heatwave "Zoe" has brought extreme heat to southern Spain over the past few days, especially in Andalusia, where Seville is located. Even at night, the Spanish Meteorological Service recorded temperatures above 80 degrees Fahrenheit in some areas.

[Spain ends Q2 2022 with an unemployment rate of 12.48%] The country's labor market data improved from April to June 2022, Spain ended Q2 2022 with an unemployment rate of 12.48% The country's lowest unemployment rate since the third quarter of 2008. Spain ended the second quarter with about 2,919,400 registered unemployed, the first time since 2008 that the number of registered unemployed fell below 3 million. Data show that in the second quarter of 2022, the number of employed persons in Spain is about 20.47 million, showing an upward trend.

03. Other regions

[The market expects that energy prices in the UK will continue to rise] Affected by the reduction in the gas supply of the "North Stream-1" natural gas pipeline, on the 27th local time, the price of natural gas futures in Europe for August rose sharply, reaching US$2,300 per thousand cubic meters. Affected by soaring natural gas market prices, inflation, climate change and other factors, the market expects that energy prices in the UK will continue to rise.

[Australian e-commerce Kogan’s sales in fiscal year 2022 were US$1.18 billion] Australian e-commerce platform Kogan announced its financial results for the fourth quarter of fiscal 2022 and financial results for fiscal 2022 as of June 30, 2022.

The financial report shows that compared with fiscal 2021, total sales of Kogan's platform in fiscal 2022 increased by only 0.1% to $1.18 billion; gross profit fell by 9.4% to $184.6 million; adjusted EBITDA fell by 69%, for $19.1 million.

Active users on the Kogan platform rose to 3.972 million in the 12 months ended June 30. The number of Kogan First memberships has grown by 210% since fiscal 2021, and now totals more than 372,000.

[Australia terminates the anti-dumping and anti-subsidy review investigation of new exporters of aluminum profiles in China] On July 21, 2022, the Australian Anti-dumping Commission issued Announcement No./070, stating that due to the applicant's Chinese enterprise Dashiqiao Hengyuan Aluminum Co., Ltd. ( Dashiqiao Hengyuan Aluminum Products Co., Ltd.) requested in writing to withdraw the review application on July 11, 2022, thus terminating the anti-dumping and countervailing new export review investigation on its imported aluminum extrusions (Aluminium Extrusions). The Australian customs codes of the products involved are 7604.10.00.06, 7604.21.00.07, 7604.21.00.08, 7604.29.00.09, 7604.29.00.10, 7608.10.00.09, 7608.20.00.10, 7610.10.00.12 and 7610.90.

On June 24, 2009, Australia initiated anti-dumping and anti-subsidy investigations on aluminum profiles imported from China. On October 28, 2010, Australia made an affirmative final ruling on the case, ruling that the dumping margin of the products involved was 2.7% to 25.7%, and the subsidy margin was 3.8% to 18.4%. Australia launched two anti-dumping and countervailing sunset review investigations on Chinese aluminum profiles on April 24, 2015 and February 13, 2020, respectively, and affirmed on October 20, 2015 and October 16, 2020 Sexual Sunset Review Final Ruling. On June 22, 2022, the Australian Anti-dumping Commission issued Announcement No./055, stating that in response to the application submitted by the Chinese enterprise Dashiqiao Hengyuan Aluminum Co., Ltd. on June 1, 2022, anti-dumping and Countervailing New Export Review Investigation.

Zhimeitong | Logistics Highlights

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[Yesterday's national postal express collection volume was about 312 million, an increase of 4.7% month-on-month] According to the Ministry of Transport's news on July 28, according to the monitoring and summary data of the Office of the Leading Group for Logistics Guarantee and Smoothness, on July 27, the national freight logistics has Sequential operation, the overall recovery is improving, among which: the national railway freight continued to maintain a high level of operation, transporting 10.601 million tons of goods, a decrease of 0.74% from the previous month; the national expressway trucks passed 7.2993 million, a decrease of 0.38% from the previous month; the monitored port completed cargo throughput of 3482.7 10,000 tons, an increase of 3.7% month-on-month, completed container throughput of 791,000 TEU, a month-on-month decrease of 9.7%; 774 civil aviation guaranteed cargo flights (including 565 international cargo flights and 209 domestic cargo flights), a month-on-month increase of 8.6%; postal express delivery The received volume was about 312 million pieces, an increase of 4.7% month-on-month; the delivery volume was about 306 million pieces, a month-on-month increase of 3.4%.

Zhimeitong | E-commerce highlights

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[Alibaba International Station’s exports to RCEP member countries in the first half of this year increased by 30% year-on-year] At the 2022 RCEP Economic and Trade Cooperation High-level Forum, Wu Lingli, head of the Merchant Development Department of the Northern Region of Alibaba International Station, revealed that the platform of the International Station in the first half of this year The export value of merchants to RCEP member countries increased by 30% year-on-year. Among them, the year-on-year growth of exports to Indonesia and the Philippines reached 60% and 55% respectively. Data show that in the first half of this year, the trade volume between China and RCEP member countries increased by 5.6% year-on-year. Digitalization is becoming the growth engine of foreign trade.

[Shopee Announces Hot Selling List for the First Half of 2022 Focusing on Southeast Asia, Latin America and Poland Markets] Shopee has announced the cross-border hot selling list of the top 10 Shopee markets in the first half of 2022, as well as the top-selling items in Southeast Asia, Latin America and Poland. Sales products and high-potential sub-categories help sellers gain insight into hot sales trends in the second half of the year.

[The 2022 Shopee Cross-border Seller Conference is over and the peak season promotion in the second half of the year will start one after another] Shopee will hold the 2022 "Category Gathering, Attack in the Peak Season" cross-border seller conference, officially kicking off the peak season promotion in the second half of the year.

It is understood that a number of experts and senior managers from the Shopee platform appeared at the venue to discuss topics such as new changes in going overseas, new trends in the industry, category growth and preparation measures, and announced the calendar and gameplay of the peak season in the second half of 2022. The event attracted tens of thousands of people. Online viewers watch the live broadcast.

[Amazon Belgium site open to global sellers] Amazon announced that it will launch an online platform for Belgium. The platform is expected to be officially launched to global sellers in the next few months, providing local consumers with selection and delivery services.

Before the platform goes live, small and medium-sized enterprises and cooperative sellers can register and open an account through .be to provide products on the platform in the future.

[SHEIN Announces Expanding Supplier Community Empowerment Program] SHEIN announced the expansion of the Supplier Community Empowerment Program, which aims to promote better development of supplier partners and their communities at different stages.

It is understood that the expansion of the supplier empowerment plan means that SHEIN will upgrade and empower in four areas that have long been valued by factory expansion, technological innovation, training support, and community service.

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