#Laogao E-commerce Newsletter# [E-commerce Morning News on August 26]

      Morning News: Focus Media: Net profit attributable to shareholders of 2.9 billion yuan in the first half of the year, an increase of 252.23% year-on-year; YTO Express International's revenue in the first half of 2021 reached HK$3.038 billion; Facebook is considering establishing an election committee to divert political pressure; Google may pay Apple $15 billion this year to retain the default search, an increase of 50% year-on-year; Xiaomi Group: Spend US$77.37 million to acquire the autonomous driving technology company Shendong Technology...

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

E-commerce newsletter

1. Smart logistics solution provider "Miwei Robot" received tens of millions of new financing

      On August 26, Shenzhen-based intelligent logistics solution provider "Miwei Robot" completed a round of A+ financing of tens of millions of yuan, led by Xintian Venture Capital and followed by old shareholders Meihua Venture Capital and Plug and Play. This round of financing will be used to strengthen the construction of technology R&D and marketing teams, accelerate R&D and expand the market. It is understood that Yiwei Robot was established in July 2019. The company uses smart forklifts as the core hardware carrier to provide intelligent logistics solutions. It has achieved multi-scenario coverage, such as new retail, new energy, automobiles, electronics, medicine and other fields. (E-commerce News)

2. Focus Media: Net profit attributable to shareholders in the first half of the year was 2.9 billion yuan, an increase of 252.23% year-on-year

      According to the news on August 26, the 2021 semi-annual financial report released by Focus Media showed that in the first half of the year, Focus Media's revenue was 7.327 billion yuan, a year-on-year increase of 58.9%; net profit attributable to shareholders was 2.9 billion yuan, a year-on-year increase of 252.23%. It is reported that as of the end of the reporting period, Alibaba (China) Network Technology Co., Ltd. held 6.03% of the company's shares. (E-commerce News)

3. Bank of America: Raises Pinduoduo’s target price to US$148

      On August 26, Bank of America is optimistic about Pinduoduo's long-term profit prospects and raised its target price to $148, up 49% from Tuesday's closing price of $99.12. It is reported that Pinduoduo recently released its second quarter financial report for 2021 as of June 30. According to the financial report, Pinduoduo's second-quarter revenue was 23.046 billion yuan, a year-on-year increase of 89%; net profit attributable to common shareholders was 2.4146 billion yuan, while in the same quarter of 2020, it was a net loss of 899.3 million yuan, turning losses into profits year-on-year. (E-commerce News)

4. YTO Express International's revenue in the first half of 2021 reached HK$3.038 billion    

      According to August 25, tonight, YTO Express International released an interim performance announcement for the six months ended June 30, 2021. The announcement shows that YTO Express International's revenue in the first half of the year was HK$3.038 billion, an increase of about 38% year-on-year; the profit attributable to equity shareholders was approximately HK$97 million; the gross profit of the air transport business decreased by approximately 53.2% compared with the same period in 2020 to approximately HK$77.3 million; the gross profit of the international express and parcel service business increased significantly to approximately HK$79.4 million compared with the same period in 2020. (E-commerce News)

Cross-border newsletter

5. The cumulative delivery of Google's drone delivery business will exceed 100,000 packages

      On August 26, according to foreign media reports, Wing, a drone company owned by Google's parent company Alphabet, said on Wednesday that the company will soon deliver its 100,000th package to customers. It is reported that the company set a new internal record for delivering 4,500 parcels in a week at the busiest delivery center in Australia's Logan earlier this month. Last year, Wing used drones to deliver 10,000 cups of coffee, 1,700 snacks and 1,200 roasted chicken, and its customers were from Logan, Australia. (E-commerce News)

6. Facebook considers setting up an election committee to divert political pressure

      Facebook has approached scholars and policy experts on the establishment of an election committee, hoping that the committee will advise companies on global election-related matters, people familiar with the matter said this fall. The move will allow Facebook to transfer some of its political decisions to an advisory group. The committee may be able to decide on the feasibility of political advertising and how to deal with election-related false information, people familiar with the matter said. Facebook is expected to announce the establishment of the committee this fall in preparation for the 2022 midterm elections. This effort is in its early stages and may still fail. (Phoenix Technology)

7. Credit Suisse: Maintain Meituan’s “outperform” rating target price to HK$313

      According to Glodon News on August 25, Credit Suisse issued a research report stating that Meituan will announce its second-quarter results at the end of this month, predicting that overall revenue will grow by 74% year-on-year to RMB 43 billion. With the investment of Meituan's preferred business, the net loss expectation will be RMB 3.7 billion. The bank said that since the mainland proposed that enterprises must protect the welfare and rights of takeaway riders, and the outbreak of the epidemic in some regions may affect the store and hotel tourism business, and Meituan Youxuan's business volume is growing slowly, the online car-hailing business will still be deployed in the future, and the prospects for the second half of the year will be more cautious. The bank will predict a 43% and 45% decline this year and next two years, and its target price has dropped from HK$374 to HK$313, maintaining its outperforming market rating. (E-commerce News)

8. Google may pay Apple $15 billion this year to retain its default search, up 50% year-on-year

      Google pays Apple a large amount of money each year to maintain its default search engine status on iPhones, iPads, and Macs. Google may pay Apple $15 billion this year, a 50% increase from last year's $10 billion and is expected to further increase to $18 billion to $20 billion next year, according to a latest report released by investment bank Bernstein analysts. This data is based on "Apple's public document disclosure and bottom-up analysis of Google's traffic acquisition costs." (Phoenix Technology)

Internet Information

9. Xiaomi Group: Spend US$77.37 million to acquire autonomous driving technology company Shendong Technology

      August 25th news, Xiaomi Group stated in its performance announcement today that the company acquired autonomous driving technology company Shendong Technology for a total transaction amount of approximately US$77.37 million. According to the announcement, Xiaomi Group acquired 28.84% of the preferred shares of Shenzhen Dong Technology for US$14.9 million in cash, and then acquired 71.16% of the common shares of Shenzhen Dong Technology for US$62.47 million, and paid in cash and shares. Later in the earnings call, Xiaomi President Wang Xiang responded that Xiaomi is very optimistic about the technical R&D capabilities of the Shendong Technology team and hopes to accelerate Xiaomi's research and development in autonomous driving technology through acquisitions. (E-commerce News)

10. Yunda affiliated enterprises established Yunyouduo Energy Technology Company with a registered capital of RMB 50 million

      According to news on August 25, Tianyan Check information shows that recently, Tianjin Yunyouduo Energy Technology Co., Ltd. was registered and established with a registered capital of RMB 50 million. The legal representative is Xu Wei. The business scope includes lubricant sales; metal material sales; automobile spare parts retail; automobile spare parts wholesale; computer software and auxiliary equipment wholesale; artificial intelligence application software development; hardware product wholesale; chemical product sales; enterprise management consulting; mechanical equipment leasing; software development, etc. The equity penetration chart shows that Tianjin Yunyouduo Energy Technology Co., Ltd. is wholly owned by Shanghai Yunda Network Technology Co., Ltd. The suspected actual controller is Nie Tengyun. (E-commerce News)