Morning news: Pinduoduo affiliated companies apply to register the "Duoduopin" trademark; Hello Travel: 1/5 of Hellobikes in the country are built in Foshan; Apple CEO Cook will receive US$750 million in stock rewards; Baidu App's monthly active users exceeded 600 million; Yixian E-commerce fell 17.64% on Thursday, with a net loss of 390 million in the second quarter;
Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.
E-commerce newsletter
1. Pinduoduo affiliated companies apply for registration of the "Duoduopin" trademark
According to news on August 27, Tianyan Check information shows that recently, Pinduoduo's affiliated company Shanghai Xunmeng Information Technology Co., Ltd. applied for registration of the "Duoduopin" trademark. The international classification involves advertising sales, social services, scientific instruments, etc. The current trademark status is under application. (E-commerce News)
2. MissFresh's revenue in Q2 2021 was 1.895 billion yuan, up 40.7% year-on-year
According to the financial report, in the second quarter, UFF's total net revenue was RMB 1.8945 billion, a year-on-year increase of 40.7%; net loss was RMB 1.4332 billion, while net loss in the same period of 2020 was RMB 339.8 million; in accordance with US General Accounting Standards, the adjusted net loss was RMB 888.9 million, while the adjusted net loss in the same period of 2020 was RMB 325.4 million. In the second quarter, the GMV of Daily Youxian was 2.3137 billion yuan, a year-on-year increase of 35.4%; the total number of completed orders reached 23.8 million, a year-on-year increase of 32.2%; the average price per order was RMB 96.1 yuan. (E-commerce News)
3. I Love My Family's net profit in the first half of 2021 was 380 million yuan and 840.2% year-on-year
On August 27, I Love My Home disclosed its 2021 semi-annual report. In the first half of the year, the company achieved operating income of 6.13 billion yuan, a year-on-year increase of 55.86%; net profit of 380 million yuan, a year-on-year increase of 840.2%; basic earnings per share of 0.16 yuan. (E-commerce News)
4. Hello Travel: 1/5 of Hello Bicycles in the country are built for "Foshan"
According to August 27, Hello Travel recently held a "factory opening day" for shared bicycles in Foshan. According to reports, in the past six months, hundreds of thousands of shared bicycles have been assembled in Foshan's factory buildings and transported to the streets of cities such as Zhuhai, Guangzhou, and Shenzhen; some cars even "traveled a long distance" to Shanghai, Sichuan, Xinjiang and other places. At present, Hello Travel has 5 OEM complete vehicle production bases like Foshan across the country, and the shared two-wheeled vehicles it produces are supplied to more than 400 cities across the country. Among them, the production capacity of Foshan production base accounts for more than 1/5 of that of the country. (E-commerce News)
Cross-border newsletter
5. Yixian E-commerce fell 17.64% on Thursday, with a net loss of 390 million yuan in the second quarter
On August 27, the U.S. stock market closed on Thursday, and Perfect Diary's parent company Yixian E-commerce stock closed down 17.64% to US$4.81, with a total market value of US$3.038 billion. Yesterday afternoon, Yixian E-Commerce released its second quarter financial report for 2021. Data showed that the company's second quarter revenue was 1.53 billion yuan, a year-on-year increase of 53.5%; net loss reached 391.2 million yuan, a year-on-year increase of 21.6% compared with 321.7 million yuan in the same period last year; without the US General Accounting Standards, the net loss reached 194.9 million yuan, a year-on-year increase of 12.6% compared with 173.1 million yuan in the same period last year; gross profit margin was 65.7%, a year-on-year increase of 4.6 percentage points. (E-commerce News)
6. Luosen: The goal is to open 10,000 stores in China
8月27日消息，据日经中文网8月26日消息，罗森正在中国地方城市大幅增加店铺数量。中国罗森市场部部长吉田涼平表示，到2025年将把东北地区的店铺数量增至2.5倍，上海周边也将扩大至约2倍。罗森的目标是在中国达到1万家店。（亿邦动力讯）
7. US retail investors are making a big splash in "buying" Chinese stocks
On August 27, the Internet technology giants of Chinese stocks may have fallen out of the opportunity, and the female version of "Buffett" Cathy Wood, Amber Standard Investment and others have "buyed" Internet Chinese stocks. Chinese stocks have rebounded sharply this week, and the scale of US retail investors' capital purchases against Chinese stocks has hit a record high in the past five years. Research firm Vanda Research reported that in the past five trading days, the net purchase volume of US retail investors in the US listed stocks exceeded the US$400 million mark. (E-commerce News)
8. Amazon joins hands with 11 Street to launch overseas direct purchase services in South Korea
On August 26, it is reported that South Korea's e-commerce platform 11 Street, a subsidiary of SK Telecom, cooperated with Amazon to launch overseas direct purchase services. With this service, consumers will be able to order tens of millions of Amazon products from the 11th Street website starting at the end of this month, including golf supplies, books, electronics, cosmetics, etc. It is understood that the Korean e-commerce market is currently dominated by companies such as Naver, Coupang, and E-Mart. This collaboration with Amazon may improve the competitiveness of 11 Street in the Korean e-commerce market. It is worth mentioning that statistics released by the South Korean Statistics Department show that in the second quarter of this year, the total amount of online shopping transactions in South Korea was 46.8885 trillion won (approximately RMB 264.6 billion), an increase of 25.1% year-on-year, a record high in the past eleven years. (Sina Technology)
Internet Information
9. Vocational education financing for subject training institutions exceeded 5 billion yuan in the first half of the year
According to reports on August 27, with the implementation of the "double reduction" policy, many educational institutions that originally focused on subject training have begun to transform, and some of them have targeted the transformation direction of adult vocational education. Data shows that in 2020, the market size of my country's online lifelong education industry reached 66.8 billion yuan, an increase of 33.6 billion yuan from 2019. In the first half of this year, a total of 38 financings occurred in vocational education, with a total amount exceeding 5 billion yuan. Industry insiders predict that the increase in the supply of job seekers, coupled with the accelerated entry of capital, may alleviate the shortage of teachers in the vocational education market. (CCTV Finance)
10. Baidu App's monthly active users exceeded 600 million
On August 27, Baidu Group issued an announcement stating that the number of monthly active users of Baidu App exceeded 600 million in July 2021. According to Baidu's second quarter financial report for 2021, in June this year, Baidu's monthly active number reached 580 million, and daily login users reached 77%. (E-commerce News)
EN
CN
