#Laogao E-commerce Newsletter# [May 19 E-commerce Morning News]

Morning News: Tencent's revenue in Q1 2022 is 135.5 billion yuan in Q1 2022, the number of daily active accounts of the mini program exceeded 500 million; the "test window" version of Kuaishou customer service robot is launched; Dou Dawn News: Yin E-commerce has closed the full pre-sale delivery model of fresh food (Mangosteen) merchants; Yixian E-commerce will announce its first quarter financial report for 2022 before the US stock market on May 24; Walmart's first quarter revenue of US$141.57 billion has a cumulative growth of 38% in two years...

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E-commerce newsletter

1. Tencent's revenue in Q1 2022 is 135.5 billion yuan in mini-program daily active accounts exceeded 500 million

On May 18, Tencent Holdings announced today that the group's unaudited comprehensive performance for the three months ended March 31, 2022. The company's first quarter revenue was 135.5 billion yuan, the same year-on-year; net profit was 23.4 billion yuan, a year-on-year decrease of 51%. Under non-international financial reporting standards, net profit was 25.5 billion yuan, a year-on-year decrease of 23%. In terms of WeChat, as of March 31, 2022, WeChat and WECHAT had 1.29 billion monthly active accounts, an increase of 3.8% year-on-year. The number of daily active accounts of mini programs exceeded 500 million, and the total transaction volume maintained rapid growth, further penetrating retail, catering and people's livelihood services. (E-commerce News)

2. The "test window" version of Kuaishou customer service robot is online

On May 18, Kuaishou E-commerce issued an announcement today stating that the "test window" version of Kuaishou customer service robot was launched. This issue of customer service robots has added a "Q&A test window preview" function and a "urge to take a photo and pay" data board to alleviate the pressure of store operations and improve data operation capabilities. It is understood that the newly launched "Q&A Test Window Preview" function can directly simulate the real Q&A scenario of buyers and solve the problem that merchants cannot directly test the configuration after updating the Q&A knowledge base. In addition, select the urge/receive pay button on the home page of the workbench to see the data statistics results after the smart order assistant is turned on. (E-commerce News)

3. Meituan Youxuan Report: Overall sales of tropical fruits increased by more than 30% in 2021

Bananas, mangoes, longans and pineapples have been ranked among the "Four Heavenly Kings" of tropical fruit sales in 2021 and 2022 for the rest. Sales of fruits such as wax, yellow skin, sour horns, and bananas increased by more than 150% year-on-year. Data shows that northern cities have a strong demand for tropical fruits, with durian sales in Tianjin exceeding more than twice the national average, while Shijiazhuang only loves longan, with sales volume 1.4 times the national average. In addition, the proportion of tropical fruit consumers under the age of 25 has increased from 18% last year to 56% this year. The post-95s replaced the post-90s and became the main force in tropical fruit consumption. (E-commerce News)

4. Douyin e-commerce closes the full pre-sale delivery model of fresh food (mangosteen) merchants

On May 18, Douyin E-commerce issued an announcement today that the "full payment pre-sale" delivery model for mangosteen products is temporarily closed: from 0:00 on May 20, 2022, the "full payment pre-sale" delivery model for mangosteen products will be closed. From 0:00 on May 20, 2022, newly created products in the category will not be able to use the "full payment pre-sale" delivery model; before 0:00 on May 20, 2022, the shipment time and process of the "full payment pre-sale" delivery model that has been generated can continue to be implemented in accordance with the pre-sale order regulations. (E-commerce News)

Internet news

5. Yixian E-commerce will announce its first quarter financial report for 2022 before the US stock market trading on May 24

Yixian E-commerce previously predicted that its total net revenue in the first quarter of 2022 will reach RMB 886.7 million to RMB 938.9 million, a year-on-year decline of 35% to 40%. It is understood that in the fourth quarter of 2021, Yixian E-commerce's total net revenue was RMB 1.53 billion, a decrease of 22.1% compared with RMB 1.96 billion in the same period last year. Gross profit was RMB 993 million, down 23.7% from RMB 1.3 billion in the same period in 2020. The net loss was RMB 475.1 million, a narrowing of 69.0% from the net loss of RMB 1.53 billion in the same period in 2020. (E-commerce News)

6. Future Worry-free Report: 96.7% of respondents will conduct a "reverse survey" before joining the job/seeking a job

According to May 19, Qiancheng Wuyou recently released the "2022 Observation Report on Job Search Behavior of Workers", with a total of 2,540 Workers participating. The report believes that the "reverse backward adjustment" in the job hunting process will help force employers to standardize their operations, optimize their working environment, and pay attention to the rights and interests of applicants. (E-commerce News)

Cross-border information

7. Walmart's revenue in the first quarter was US$141.57 billion, with a cumulative increase of 38% in two years.

According to the financial report, Walmart's global revenue increased in the first quarter of this year, a year-on-year increase of 2.4%. At the same time, sales of the membership store of Sam Supermarket under Walmart reached US$19.6 billion, an increase of 10.2% from US$16.7 billion in the same period last year, an increase of 17.4% year-on-year in two years; revenue from members increased by 10.5%. Although the Chinese market was subject to epidemic restrictions and some areas of express delivery were blocked, Walmart's sales in China still increased by 7.2% year-on-year, and the driving factors mainly came from consumer products. In its financial report, Walmart also cut its EPS expectations for the second quarter and will remain the same as last year to a slight increase. (E-commerce News)

8. Sea's revenue increased by 64.4% year-on-year, lowering its annual performance guidance for e-commerce business

According to May 18, on May 17, Sea released its first quarter financial report for 2022. Data shows that Sea's Q1 revenue was US$2.9 billion, a year-on-year increase of 64.4%. Gross profit was US$1.2 billion, an increase of 81.3% year-on-year. Adjusted EBITDA lost $509.9 million, compared with a profit of $88.1 million in the same period last year. By business, Sea's e-commerce revenue in the first quarter was US$1.5 billion, a year-on-year increase of 64.4%, total orders were 1.9 billion, a year-on-year increase of 71.3%, and the total commodity transaction volume was US$17.4 billion, a year-on-year increase of 38.7%. Looking ahead, Sea lowered its performance guidance for e-commerce, and expected the revenue of e-commerce GAAP in 2022 to be between US$8.5-9.1 billion, compared with the previous estimate of US$8.9-9.1 billion. (E-commerce News)

9. The first batch of cross-border data trading projects in the country are launched

It is reported that this is one of the first cross-border data trading projects in the country that Shenzhen Data Trading Co., Ltd. is promoting, and it is also a business that is being carried out during the trial operation of the Shenzhen Data Exchange. It will continue to improve the corresponding compliance and security review process as various laws and regulations are issued one after another. As of April 30, Shenzhen Data Trading Co., Ltd. had a total of 70 data merchants, and the first batch of data transactions were registered and filed. (E-commerce News)

10. Grab announces three new ESG goals

On May 18, Grab recently announced three new goals to promote sustainable and inclusive growth in Southeast Asia: double the number of marginalized individuals who will earn income on their platforms by 2025; reach 40% of female leadership by 2030; and achieve carbon neutrality by 2040. It is understood that Grab plans to launch Grab Access, a regional program designed to reduce barriers to marginalized individuals joining Grab. (E-commerce News)