Replacing e-commerce, the next trillion dollar market opportunity in the local market: "Zhang Yiming and Wang Xing" have entered the market

Replacing e-commerce, the next trillion dollar market opportunity in the local market: "Zhang Yiming and Wang Xing" have entered the marketThe content of this article comes from the internet. If it does not match the actual situation or there is infringement, please contact to delete it

Replacing e-commerce, the next trillion dollar market opportunity in the local market: "Zhang Yiming and Wang Xing" have entered the market

The content of this article comes from the internet. If it does not match the actual situation or there is infringement, please contact to delete it. This article only debuted on today's headlines, please do not move it.

Against the backdrop of the current business landscape, giants are subverting tradition, breaking logical order, and further exploring the infinite potential of the local market. Zhang Yiming and Wang Xing respectively led their teams, leading the forefront of the local service industry, turning the local market into a trillion dollar market and leading a new chapter in business.

In 2020, Zhang Yiming led a large team to establish a local direct business center, which quickly entered the local service field with short videos as the entrance.

At the same time, Wang Xing was not willing to be outdone, adding 2 million riders and actively expanding into the local market. The actions of these two entrepreneurial giants not only attracted widespread attention in the industry, but also made people start to think, why is the local market seen as a trillion level wind vent?

The prosperity of the local service market has surpassed the concept of traditional e-commerce. Nowadays, people can not only order food through delivery platforms, but also purchase various daily necessities such as mobile phones, clothing, movie tickets, etc. on the same platform. Unlike traditional e-commerce, local service platforms not only have the support of physical store merchants, but also can deliver products to consumers' doorstep in just 30 minutes, meeting people's demand for instant shopping.

This change has gradually transformed Wang Xing's delivery platform into a local e-commerce platform, and delivery buddies have gradually replaced traditional couriers.

However, the changing times have brought about new changes in consumer decision-making. They no longer only focus on product quality and price, but also pay more attention to the IP and solutions behind the product. For example, in the demand for scarves, consumers are more concerned about the combination of scarves and various wrapping methods, rather than just their insulation function. Meeting these new needs no longer relies on traditional advertising, but instead relies on various forms of content such as short videos and live streaming, combined with personal IP to achieve.

Meanwhile, when consumers watch videos and live broadcasts, if they see a solution, they may immediately purchase it or purchase the products and services they recommend due to their trust in a certain anchor or blogger.

Every new turning point brings new opportunities for platforms, traditional enterprises, physical merchants, and e-commerce sellers to become rich. E-commerce, micro e-commerce, and short video platforms all play important roles, and local e-commerce is no exception. For platforms, the goal of entering the local market is multifaceted, as they attempt to open up new traffic entry points, find breakthrough points, and explore big data assets.

After the number of internet users exceeded 1 billion, platforms found that the best way to obtain traffic is no longer online, but offline. Therefore, local service platforms and short video platforms have become new shopping and entertainment venues, bringing more opportunities to the platform. At the same time, internet companies can also provide support to local businesses through digital empowerment, thereby expanding the market.

The local service market not only includes C-end transactions, but also involves member management, supply chain, and logistics in the backend of the retail industry. Therefore, the platform is not only building new business forms, but also providing technology, models, and data support for physical merchants, supply chain companies, and production companies.

From a longer-term perspective, the platform can continuously explore the big data of users and B-end merchants through the local service market, further enhancing the platform's value.

The rise of local e-commerce has also affected physical stores and e-commerce sellers, who have to follow the footsteps of the times and build new business models. In the future, both retail and service businesses can provide services to consumers within a range of 5-10 kilometers based on local service platforms and short video platforms. Individual physical stores can directly settle on local service platforms and sell products to local customers with the platform's endorsement and traffic.

Physical stores with content production capabilities or chain stores can operate in a team like manner, internalizing the value of products or services, and providing solutions for local consumers.

However, to achieve this goal, it is not only necessary to prioritize local users before publishing content, attract local customers for offline consumption or online shopping, but also to rely on the founder's identity to establish personal IP, establish emotional connections with consumers, drive sales growth, and attract more franchisees. Traditional e-commerce sellers also need to actively adapt to the new situation by opening offline experience stores, settling in local service platforms, short video platforms, and O2O platforms to obtain new traffic and build new business models.

With the gradual depletion of traffic on e-commerce platforms, people's lives and shopping habits have also undergone changes. Traditional e-commerce sellers need to be flexible and build multiple purchases

Physical scenarios, including online, offline, and local e-commerce. They can have their own flagship store online and open experience stores offline, attracting traffic and accumulating private customers through local accounts, local service platforms, and offline channels. At the same time, they can also establish their own cloud mall based on private domain customers and experience stores.

In the future, local e-commerce will dominate the retail and service industries, forming a multi-level channel model and creating trillions of wealth opportunities.

The layout and strategy of these giants have completely overturned the traditional logical order and opened up a new business landscape. They fully recognize the enormous potential of the local market, not only innovating in technology, but also making significant improvements in business models and user experiences. The rise of the local market not only brings opportunities for platforms and physical merchants, but also drives the evolution of the entire consumer ecosystem. Nowadays, consumers can more conveniently meet their daily needs while also having more choices. Local service platforms and short video platforms have provided them with a brand new shopping and entertainment venue, forcing traditional enterprises to constantly innovate to adapt to new market trends.

In this new business landscape, the establishment of personal brands has become crucial. Dong Mingzhu and other business giants have attracted more attention through their personal charm, and this trend will continue to spread. The personal IP on the platform has become the key to product sales and promotion. Consumers are more willing to trust personal IPs that are emotionally connected to them, which further drives the rise of personal brands. Therefore, shaping and maintaining personal IP will become one of the key factors for success for businesses and founders.

At the same time, local e-commerce has also brought unprecedented opportunities for entrepreneurs.

With local service platforms and short video platforms, entrepreneurs can more easily enter the market, attract local customers, and provide innovative solutions. They can leverage the power of the platform to test and promote their products and services at lower costs, thereby bringing more opportunities for startups and accelerating market competition and innovation.

In summary, the local market has become a trillion dollar market, leading a new business landscape. The layout and innovation of giants provide new opportunities for platforms, physical merchants, e-commerce sellers, and entrepreneurs. The rise of personal brands, improvements in user experience, and the emergence of entrepreneurs are all important components of this trend.

Why did she become the world's largest unicorn CFO?

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Introduction: ByteDance, a world-famous technology giant, recently welcomed an emerging CFO, Ms. Gao Zhun. Her arrival has triggered a lot of speculation. Does it mean that ByteDance is about to restart IPO? This article will deeply discuss the background of the high standard and the future outlook of ByteDance to reveal the signs behind this major personnel change.

ByteDance, a high-profile technology company, is not only famous for its TikTok, but also attracted much attention because of its overestimation on the global unicorn enterprise rankings.

However, since the former CFO Zhou was funded to resign in November 2021, the CFO position of ByteDance has been vacant, which has aroused curiosity about his successor. Until April 25, 2023, the company finally announced the arrival of a new CFO, and Ms. Gao Zhun, Senior Partner of Shida International Law Firm, took over this key position.

Gao Zhun is an outstanding lawyer with a Bachelor's degree in Law from Peking University, a Master's degree in Sociology from the University of Alabama, and a Doctor's degree in Law from the University of California, Los Angeles. She has over 20 years of experience in the legal field.

Before joining ByteDance, she had been working as the partner in charge of China business in Skadder International Law Firm, enjoying high reputation. She was elected as the world's outstanding female lawyer for many times, and was listed as one of the world's leading commercial lawyers. She has assisted over 100 companies in completing various complex securities and capital market transactions, covering various fields such as stocks, convertible bonds, and bonds. At the same time, she has also participated in major transactions such as listing, cross-border mergers and acquisitions, private equity financing, and strategic investment globally. Her legal career can be described as rich and colorful.

The addition of high standards has brought more legal practical experience for ByteDance, not just financial investment.

Liang Rubo said in his internal letter that Gao Zhun has many cooperation experiences with ByteDance, is very familiar with the company's mission, culture, team and business, and has accumulated rich experience in corporate governance and enterprise development. This can not help but trigger speculation on whether the IPO will be restarted due to ByteDance. ByteDance recently launched the option repurchase plan, and the stock price rose, which is considered as one of the signs of preparing for listing. Although the company has not officially announced a plan to restart its IPO, various signs seem to indicate that the company is actively preparing for this possibility.

However, to understand the future outlook of ByteDance, we need not only to focus on internal personnel changes, but also to review the business development process of ByteDance.

In 2021, the company carried out a large-scale business sorting, divided its business into six segments, including Tiktok, Vigorously Education, Flying Books, Volcano Engine, Twilight Year and TikTok, and set up corresponding principals. This measure is also seen as one of the preparations before going public. ByteDance has not only achieved great success in the social media field, the rise of TikTok is inseparable from the acquisition of musical.ly, but also has made important breakthroughs in the game field, such as the acquisition of MuTong game. The game company's product "Endless Duel" has surpassed Tencent's "King of Glory" and become the dominant player in the Southeast Asian MOBA gaming market.

These measures have provided strong support for the business expansion of ByteDance, and also made the outside world look forward to its future.

In short, the addition of Ms. Gao Zhun, the new CFO with ByteDance, has injected more practical legal experience into the company, and also enriched the company's preparations before listing. The company's diversified business and continuously innovative development strategy have also paved the way for its future success. Although it has not been determined whether to restart the IPO, ByteDance has prepared for this possibility, and its future prospects are still highly anticipated. The joining of Ms. Gao Zhun has injected new vitality into this global unicorn enterprise, and the future will be an exciting moment.

Latest! The US Special Committee announced that it will terminate all technology exports to Huawei and SMIC

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Before discussing the termination of technology exports to Huawei and SMIC by the US Special Committee, we hope that you can click on "Follow" to facilitate sharing and discussion. Your support will motivate us to continuously provide valuable information. The decision of the Special Committee means that the global technological landscape will face significant changes. Let's delve deeper into this noteworthy issue together.

The US government recently announced that it will terminate technology exports to Chinese technology giant Huawei and semiconductor manufacturer SMIC International.

This decision is not sudden, it stems from the long-standing tense relationship between the United States and Huawei. Since Huawei was included in the physical list by the United States, the US government has been concerned that Huawei's technology and equipment may pose a threat to national security. This concern reached its peak at the time of the decision to terminate technology exports.

This decision not only had a huge impact on Huawei and SMIC, but also had a significant impact on the global technology landscape. In this article, we will explore the decisions of the United States Special Committee and the various consequences it may bring from different perspectives.

As a leading global manufacturer of communication devices and smartphones, the impact of Huawei's termination of technology exports on it cannot be underestimated.

Huawei's supply chain, R&D innovation, and market share will all be affected. This will force Huawei to find new solutions to make up for the difficulties that may arise from technological lockdowns. Possible countermeasures include strengthening independent research and development, finding new supply chain partners, and expanding market share, especially in developing countries.

SMIC is one of the largest chip manufacturers in China and has also been impacted by the US technology export blockade. The current situation and position of SMIC in the global chip market will undergo significant changes in the future.

Supply chain, technological innovation, and market expansion are all challenges faced by SMIC. To overcome these challenges, SMIC may need to collaborate with domestic and foreign technology companies to strengthen research and development and increase production capacity.

The decision of the US Special Committee will not only have an impact on Huawei and SMIC, but also affect other companies. The global technological landscape will change as a result, and related industrial chains will also be affected. Other companies must reassess their strategies to adapt to the new market landscape. This decision provides new opportunities for some enterprises, but also brings challenges that require visionary leaders to address.

The Chinese government and enterprises have taken a series of countermeasures to address the US technology blockade. The Chinese government has provided supportive policies to encourage enterprises to engage in independent innovation. China's countermeasures will not only have an impact on domestic industries, but also on the global technology landscape. China's rise in global technological development will change the global competitive landscape and also drive global technological innovation forward.

epilogue

The decision of the US Special Committee to terminate technology exports to Huawei and SMIC will have a significant impact on the global technology landscape.

Huawei and SMIC International will face enormous challenges, but this will also inspire them to find innovative solutions. At the same time, other enterprises will also face changes in the market landscape and need to flexibly adjust their strategies. China's countermeasures will shape the global technological landscape and open up new paths for global technological development. At this moment full of challenges and opportunities, enterprises and governments need to actively respond, promote technological progress and global cooperation, in order to jointly meet future challenges. Disclaimer: If the content of the article involves work content, copyright images, or other issues, please contact the author of this account within 30 days. If it is true, the corresponding content will be deleted as soon as possible.

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