International outlook
The U.S. educational toys market is expected to grow at a market of 95% average annual growth rate
According to the latest "Educational Toys Market Strategic Insights" report released by Future Market Insights, the global educational toys market is expected to be worth 563$1.2 billion, growing to $1,395 by 2034$5.4 billion. The educational toy market is expected to grow at a rate of 9This growth is driven by a rapid average annual growth rate of 50%.
Amazon launched a ** streaming feature that is comparable to Apple's AirPlay
Amazon Inc. has unveiled a new feature that mimics Apple's AirPlay, which is available across platforms, creating the conditions for iPhone and Android users to stream wirelessly to their TV hardware. The feature, called "Matter Casting," is part of Amazon's push to create interoperable services – an alternative to patented technology developed by Apple and Google that will make it easier for iOS and Android phones to send ** to Amazon's devices.
Shopee Vietnam Station with 72A 7% market share dominates the market
According to the latest report released by Younet ECI, at present, Shopee Vietnam station is ranked at 72A 7% market share dominates the market, followed closely by TikTok Shop with a market share of 172%) and Lazada (9% market share).
The Walmart Associate Genai tool will be expanded to 11 countries in 2024
Walmart recently announced that it will expand its GenAI tool, My Assistant, to teams around the world. It is understood that Walmart built "My Assistant" to help Walmart employees spend more time on important things. Currently, Walmart employees in the following countries have access to My Assistant: United States, Canada, Mexico, Chile, Costa Rica, El Salvador, Honduras, Guatemala, Nicaragua. In the coming year, Walmart plans to add India and South Africa. Employees in these countries will be able to interact with the tool in their native language, and the tool will still be loaded with Walmart-specific knowledge, resulting in an intuitive, efficient experience.
Domestic dynamics
Cainiao plans to go public in 2024 and plans to raise $1 billion
On January 11, it was reported that Cainiao plans to list in Hong Kong in 2024 and is expected to raise about $1 billion, becoming the most eye-catching IPO that investors are paying attention to this year, and it will also be one of the hottest IPO plans in Asia this year. After a difficult 2023, Asian IPOs are likely to get a boost as Hong Kong expects a gradual return to large Chinese deals this year.
According to the news, J&T is negotiating new cooperation with Temu
According to the news, J&T is negotiating new cooperation with Temu in the near future, and will no longer provide Temu with "end-to-end" full-link solutions, but focus on last-mile services, and the specific details of the cooperation are still being discussed. According to people familiar with the matter, as early as the end of October 2023, J&T almost ended its end-to-end small package cooperation with Temu. At the same time, J&T established a cross-border company in Singapore to carry out other forms of cooperation with temu.