#Laogao E-commerce Newsletter# [March 24 E-commerce Morning News]

#Laogao E-commerce News# [E-commerce Morning News on March 24] Morning News : Tencent affiliated companies invested in establishing Internet hospitals in Chengdu; Amazon appointed new CEO of cloud computing business; Carrefour China may introduce strategic investors to seek listing; British takeaway platform Deliveroo will be listed on April 7, and Amazon benefits.

      Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Kuaishou: The total e-commerce transaction volume increased to 381.2 billion yuan in 2020

      According to March 23, today, Kuaishou released its fourth quarter and full-year financial reports for 2020. According to the financial report, in 2020, Kuaishou's annual revenue was 58.78 billion yuan, and the market expected a market of 59.382 billion yuan; the annual net loss was 116.6 billion yuan, and the market expected a net loss of 70.669 billion yuan. The total amount of commodity transactions in e-commerce transactions facilitated by Kuaishou platform increased from 59.6 billion yuan in 2019 to 381.2 billion yuan in 2020, a year-on-year increase of 540%. The average repeat purchase rate further increased from 45% in 2019 to 65% in 2020. (E-commerce News)

2. Carrefour China may introduce strategic investors to seek listing

      On March 23, it was reported that the Qingdao State-owned Assets Supervision and Administration Commission was negotiating with Carrefour's major shareholder on the acquisition. Currently, Suning.com holds 80% of Carrefour China's equity. In this regard, an insider revealed that Carrefour China may release a small amount of equity to introduce strategic investors in the future to further achieve the good development of Carrefour China and promote the pace of IPO. (Securities Times)

3. JD Logistics applies for trademarks such as "Xiaowei Shipping", "Weixi Shipping", and "Huixiang Shipping"

      According to the news on March 23, Tianyan Check information shows that recently, Beijing Jingbangda Trading Co., Ltd., the main operating entity of JD logistics, applied for trademarks such as "Xiaowei Shipping", "Weixi Shipping", "Huixiang Shipping", and "Economic Shipping". The international classification involves 39-transportation storage, 35-advertising sales, 09-scientific instruments, etc., and the trademark status is "trademark application". (E-commerce News)

4. 361°: E-commerce revenue in 2020 accounts for 15.4% of the total turnover, with 2,200 live broadcasts throughout the year

      According to reports on March 23, 361° International Co., Ltd. released its 2020 annual financial report. According to the financial report, 361°'s annual revenue in 2020 was 5.127 billion yuan and a net profit of 415 million yuan. Among them, the sales revenue of online exclusive products of e-commerce business accounted for about 15.4% of the total turnover. The number of live broadcasts on all channels reached 2,200 throughout the year, nearly 6 times the year compared with 2019. (Yibang Power)

Cross-border newsletter

5. Deliveroo, the British takeaway platform, will be launched on April 7, and Amazon benefits

      It is reported that British food delivery platform Deliveroo plans to IPO on the London Stock Exchange next month. Deliveroo will offer up to 256456256 new shares, up to £3.90 to £4.60 per share, and its IPO valuation is about £7.6 billion to £8.8 billion, higher than industry expectations. Even if the future issue price is set as the lower limit of this price range, Deliveroo's IPO will become the largest IPO in the UK market in 10 years. Following the IPO, Amazon will hold a 11.5% stake in Deliveroo, worth about £1 billion. (Sina Technology)

6. The number of Facebook Shops has exceeded 1 million, with 250 million clicks per month

      March 23 news, Facebook founder and CEO Mark Zuckerberg recently said in the Clubhouse voice studio that there are more than 1 million active Facebook Shops on the Facebook platform, and more than 250 million people click on Facebook Shops every month. It is reported that Facebook Shops was launched in May 2020, and small businesses can set up a store on Facebook and Instagram, and shoppers can check out and pay directly in Shops. (Yibang Power News)

7. Amazon appoints new CEO of cloud computing business

      According to reports on March 24, on March 23, the current head of Amazon's cloud computing department, Jassi, notified employees through internal email that he had recruited external executive Seliski to lead the cloud computing department. Seliski will take office on May 17, with work transitions in the next few weeks, and then some adjustments will be made to the cloud computing business in the third quarter. According to the previously announced handover plan, Jassie will serve as Amazon CEO, and current CEO Bezos will spend more time on charity and projects of personal interest, such as private space company Blue Origin, and The Washington Post. (E-commerce News)

8. British vitamin brand Vitabell signed a strategic cooperation agreement with Tmall International and Lazada

      On March 23, British national vitamin brand Vitabitics signed a strategic cooperation agreement with Tmall International and Lazada. In 2020, Vitabell's sales in China increased by 30% year-on-year.

According to the strategic cooperation agreement, Vitabell will launch its popular products in the UK in the first time in the Chinese market. It is reported that Vitabell products are highly favored in the Chinese market. In December last year, Visionace became the second lutein product in Tmall International.

Through this cooperation, Vitabell will use Alibaba's digital technology to more effectively match different categories of consumer groups. At the same time, it will continue to cooperate with some well-known KOLs through Alibaba's Taobao live broadcast platform to further enhance its market influence. (E-commerce News)

Internet news

9. Tencent affiliated companies invest in establishing Internet hospitals in Chengdu

      According to the news on March 23, Tianyancha App showed that on March 22, Chengdu Tencent Internet Hospital Co., Ltd. was established with a registered capital of 10 million yuan. The legal representative is Zhang Yu. The company's business scope mainly includes Internet hospital services, drug Internet information services, medical device Internet information services, traditional Chinese medicine health care services, etc. relying on physical hospitals. The equity penetration chart shows that the company is 100% owned by Tencent Healthcare (Shenzhen) Co., Ltd., and its suspected actual controller is Ma Huateng. (Yibang Power)

10. Kingsoft Office: The company's chairman has been changed to Zou Tao

      March 24th news, last night, Kingsoft Office announced on the Shanghai Stock Exchange that the company's chairman Ge Ke resigned from the position of chairman of the company due to personal reasons, and also resigned from the board of directors' strategic committee, compensation and assessment committee, nomination committee and other related positions. After Ge Ke resigned as chairman, he still served as a director of the company. (Titanium Media)