I have recently updated Android Studio from 2.2.3 to 2.3. Now can't see the option "Launch Standalone SDK Manager", which is useful to check for updates, google play services, etc.
It is a deprecated feature: https://code.google.com/p/android/issues/detail?id=235625 There is an option in Android Studio to "Show Package Details".
For manual SDK and AVD management, please use Android Studio. For command-line tools, use tools/bin/sdkmanager and tools/bin/avdmanager
See also: https://www.reddit.com/r/androiddev/comments/5x6adh/android_studio_23_is_now_available_in_the_stable/deg48lj/
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