Users in these three cities are able to order food for delivery within Douyin. The approach is currently presenting challenges in scaling up the business.ĭetails: Starting in mid-2022, the short video platform has been testing food deliveries in Beijing, Shanghai, and Chengdu. Why it matters: Due to a lack of its own delivery logistic team, Douyin has relied on selling higher-priced set meal kits (which cut down the frequency of deliveries) and third-party delivery companies to offer its food delivery service. While GMV is no longer the most important metric for the unit, the report said that exploring various ways to successfully run the food delivery business is now a more urgent priority for TikTok’s Chinese sibling. Local media outlet LatePost first reported the news on June 10, citing a source close to the matter. The UN Ocean Conference, originally scheduled for June 2020, will take place from June 27-July 1, 2022.Douyin is reportedly abandoning its goal of achieving RMB 100 billion ($14 billion) in total sales this year, as the business’ progress in the first half of 2023 has only reached one-tenth of the yearly target, falling extremely short of internal expectations. A report by the United Nations Economic and Social Commission for Asia and the Pacific suggests that the temporary shutdown of activities as well as reduced human mobility and resource demands due to the COVID-19 pandemic may provide marine environments the much-needed breathing space for them to start to recover. The pandemic offers an opportunity to revive the ocean and start building a sustainable ocean economy. And the diversity of species found in the ocean offers great promise for pharmaceuticals. According to UNESCO, the ocean can be an ally against COVID-19 : Bacteria found in the depths of the ocean are used to carry out rapid testing to detect the presence of COVID-19. The health of the ocean is intimately tied to our health. We need to look at long-term solutions for the health of our planet as a whole. Ocean conservation and action should not come to a halt while we tackle the COVID-19 pandemic. 14.1 By 2025, prevent and significantly reduce marine pollution of all kinds, in particular from land-based activities, including marine debris and nutrient pollutionġ4.2 By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceansġ4.3 Minimize and address the impacts of ocean acidification, including through enhanced scientific cooperation at all levelsġ4.4 By 2020, effectively regulate harvesting and end overfishing, illegal, unreported and unregulated fishing and destructive fishing practices and implement science-based management plans, in order to restore fish stocks in the shortest time feasible, at least to levels that can produce maximum sustainable yield as determined by their biological characteristicsġ4.5 By 2020, conserve at least 10 per cent of coastal and marine areas, consistent with national and international law and based on the best available scientific informationġ4.6 By 2020, prohibit certain forms of fisheries subsidies which contribute to overcapacity and overfishing, eliminate subsidies that contribute to illegal, unreported and unregulated fishing and refrain from introducing new such subsidies, recognizing that appropriate and effective special and differential treatment for developing and least developed countries should be an integral part of the World Trade Organization fisheries subsidies negotiationġ4.7 By 2030, increase the economic benefits to Small Island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourismġ4.A Increase scientific knowledge, develop research capacity and transfer marine technology, taking into account the Intergovernmental Oceanographic Commission Criteria and Guidelines on the Transfer of Marine Technology, in order to improve ocean health and to enhance the contribution of marine biodiversity to the development of developing countries, in particular small island developing States and least developed countriesġ4.B Provide access for small-scale artisanal fishers to marine resources and marketsġ4.C Enhance the conservation and sustainable use of oceans and their resources by implementing international law as reflected in UNCLOS, which provides the legal framework for the conservation and sustainable use of oceans and their resources, as recalled in paragraph 158 of The Future We Want
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