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    GigaCloud Technology Inc (GCT)

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    GigaCloud Technology Inc (GCT) is a leading provider of global end-to-end B2B ecommerce solutions, specializing in large parcel merchandise. The company facilitates transactions on its GigaCloud Marketplace and sells its inventory both on and off the platform. GCT's operations are enhanced by its strategic acquisitions, which have expanded its product offerings and market reach.

    1. Product Revenues - Generates revenue through the sale of GCT's inventory, including:
      • GigaCloud 1P - Sells inventory directly on the GigaCloud Marketplace.
      • Off-platform Ecommerce - Sells inventory through third-party ecommerce websites.
      • Product Sales to B - Direct sales to business customers.
      • Product Sales to C - Direct sales to consumer customers.
    2. Service Revenues - Facilitates transactions between sellers and buyers on the GigaCloud Marketplace, offering:
      • Last-mile Delivery Service - Provides delivery services to ensure products reach their final destination.
      • Warehousing Service - Offers storage solutions for large parcel merchandise.
      • Ocean Transportation Service - Manages the shipping of goods across international waters.
      • Platform Commission - Earns commission from transactions on the marketplace.
      • Packaging Service - Provides packaging solutions for products.
      • Others - Includes additional services related to logistics and ecommerce support.
    NamePositionStart DateShort Bio
    Larry Lei WuFounder, Chairman, and CEO2006Larry Lei Wu is the founder, chairman, and chief executive officer of GigaCloud Technology Inc. He has served in these roles since the company's inception in 2006. He holds an MBA from Yale University.
    Xin WanDirector and Chief Technology Officer2014 (CTO), Nov 2020 (Director)Xin Wan has served as the Chief Technology Officer since 2014 and as a Director since November 2020. He holds a master's degree in software engineering from Tsinghua University.
    Kwok Hei David LauChief Financial OfficerMay 2022Kwok Hei David Lau has served as the Chief Financial Officer since May 2022. He has over 12 years of experience in investment banking and holds a master's degree in economics from The University of Hong Kong.
    Iman SchrockPresidentJuly 2022Iman Schrock has served as the President since July 2022. He has over 17 years of experience in the home furnishings industry and holds a PhD in organizational psychology from the University of Phoenix.
    Xinyan HaoChief Operating OfficerOctober 2010Xinyan Hao has served as the Chief Operating Officer since October 2010. He holds a bachelor's degree in information management and information systems from Tsinghua University.
    Marshall BernesExecutive DirectorNovember 11, 2024Marshall Bernes was appointed as an executive director on November 11, 2024. He has over 30 years of experience in the home furnishings market and founded Noble House Home Furnishings LLC.
    Erica WeiInterim Chief Financial OfficerAugust 19, 2024Erica Wei serves as the Interim Chief Financial Officer, effective August 19, 2024. She has a strong background in finance and holds a Bachelor of Science in accounting from the University of Southern California.
    1. Given the anticipated increase in ground shipping costs of up to $4.5 million during the holiday season, how do you plan to mitigate the impact on your margins, and will you need to adjust pricing or absorb these costs entirely?
    2. With the current market softness and economic headwinds affecting demand, how confident are you in achieving sustained revenue growth in the upcoming quarters, and what specific strategies are you implementing to offset potential declines?
    3. As over half of your 1P supply chain servicing the U.S. market now comes from Southeast Asia, how are you managing risks associated with this diversification, such as supply chain disruptions or increased costs due to geopolitical tensions?
    4. Noble House is expected to contribute substantially to the bottom line starting in Q3 of 2025; if the newly developed SKUs do not perform as expected, what contingencies are in place, and how might this affect your profitability targets?
    5. You've noted a decrease in average buyer spending due to onboarding new buyers with lower initial volumes; are there signs that existing buyers are reducing their spending, and how will you ensure that new buyers scale up purchases to offset this trend?
    Program DetailsProgram 1Program 2
    Approval DateJune 14, 2023 September 3, 2024
    End Date/DurationJune 2024 September 2025
    Total Additional Amount$25.0 million $46.0 million
    Remaining Amount$0 (expired) $34.6 million
    DetailsExpired; no remaining funds Active; $11.4 million used