Daily BriefsUnited States

Daily Brief United States: New Ruipeng Pet Group, Buzzfeed and more

In today’s briefing:

  • Pre-IPO New Ruipeng Pet Group (RPET.US)- The Industry, the Business and the Concerns
  • AI Takes the Write Way

Pre-IPO New Ruipeng Pet Group (RPET.US)- The Industry, the Business and the Concerns

By Xinyao (Criss) Wang

  • Pet medical industry is the second largest core industry after pet food industry.Pet hospital,with dual attributes of medical treatment and consumption,represents the direction of consumption upgrading and has huge potential.
  • New Ruipeng maintained rapid growth these years, but its business is still in the investment period. The Company is hard to generate high profit/returns due to low gross margin level.
  • There’re still technical bottlenecks in China.If New Ruipeng can fill these market gaps in time and provide comprehensive pet medical solutions, its development space and moat will be much higher.

AI Takes the Write Way

By subSPAC

  • Digital Publisher BuzzFeed’s stock has seen an epic rally in the past week, with most of the gains driven by the company’s decision to use Artificial Intelligence tools like OpenAI’s ChatGPT to build quizzes and write content.
  • Essentially, investors have been cheering about the potential for improved profitability and content that can be written at scale by using these various tools.
  • This is a welcome change for the media outlet, which has seen its advertising revenues plummet, its site traffic decline across the board, and its balance sheet crumble.

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