On September 29, Eastern Time, US memory chip company Micron Technology reported its fourth-quarter fiscal 2022 results for the period ending September 1. In this quarter, Micron's revenue was $6.643 billion, a year-on-year decrease of 19.71%, the lowest since the second quarter of fiscal 2021; net profit was $1.492 billion, a year-on-year decrease of 45.15%.
As a shining star in the global internet industry, Shopee has not only seen rapid performance growth in recent years but has also been generous in attracting domestic internet talent. With its headquarters in Singapore, the overseas background of the company has also made it a desirable destination for many domestic internet professionals.
This price increase will cover 129 products, including digital mirrorless cameras, R-mount mirrorless cameras, Blu-ray disc recorders, video cameras, radios, and portable audio players. Many of these products are not available domestically and require overseas purchasing.
Peter Lynch once shared an investment strategy that he claimed always worked: 'When the media and the general investing public believe that an industry has deteriorated from bad to very bad, boldly buy the stocks of the most competitive companies in that industry, and you will surely make money.' At the same time, avoid hot stocks in hot industries.
Shenzhen's cross-border e-commerce is now targeting Africa. Shenzhen Xiaobao New Retail Co., Ltd., established just one year ago, specializes in cross-border supply chain platforms for Africa and has already achieved annual revenue of over 30 million yuan. Shenzhen Sufada, founded less than three years ago, has grown into the logistics company with the highest market share in Africa's cross-border e-commerce logistics.
Who foots the bill for the overwhelming cross-store discounts on e-commerce platforms? On June 8, a Beijing Business Today reporter found that to participate in '6·18' and seize the traffic dividends during the promotion, small and medium-sized merchants often have to pay out of their own pockets for the discounts to keep up with the e-commerce sales frenzy. However, some merchants admit that bearing all costs themselves indeed further compresses profit margins, coupled with the need to pay various marketing expenses at each stage, the operational pressure is palpable. Despite different considerations, both merchants and platforms ultimately favor a series of discount offers, hoping to attract more consumers and convert them into long-lasting traffic.
The past year has been quite 'bumpy' for Alibaba, not only fined 18.2 billion yuan by the State Administration for Market Regulation but also seeing super influencers Viya and Sherry, closely tied to Alibaba, exit the stage due to 'tax incidents.' Under the influence of various adverse factors, Taobao and Tmall experienced their first negative growth, heavy investments in new businesses have yet to turn profitable, and Alibaba's market value shrank by more than half in 2021.