#Laogao E-commerce Newsletter# [E-commerce Evening News on August 31]

      Evening News: NetEase: revenue in Q2 2021 was 20.5 billion yuan, an increase of 13% year-on-year; e-commerce global marketing service company "Netying Technology" completed a round D financing of hundreds of millions of yuan; Cainiao Station's on-demand door-to-door delivery service has covered major provincial capital cities; Shopee founder Li Xiaodong became Singapore's richest man; Cross-border Connect: net profit in the first half of the year was 561 million yuan, an increase of 106.80% year-on-year...

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

E-commerce newsletter

1. NetEase: revenue in Q2 2021 was 20.5 billion yuan, an increase of 13% year-on-year

      According to August 31, NetEase released its second quarter financial report for 2021 today. NetEase's revenue in the quarter was 20.5 billion yuan, a year-on-year increase of 13%, and the market expected 20.465 billion yuan; net profit attributable to the company's shareholders was 3.542 billion yuan, a year-on-year decrease of 21.9%, and the market expected net profit was 3.321 billion yuan; Non-GAAP's net profit attributable to shareholders was 4.2 billion yuan, compared with 5.226 billion yuan in the same period last year, exceeding the market's expectations of 4.061 billion yuan. In this quarter, NetEase Online Game Service's net revenue reached 14.5 billion yuan, a year-on-year increase of 5.1%; NetEase Youdao's net revenue reached 1.3 billion yuan, a year-on-year increase of 108%; innovative business and other revenue reached 4.7 billion yuan, a year-on-year increase of 26%. (E-commerce News)

2. The State Administration for Market Regulation intends to amend the E-Commerce Law to strengthen intellectual property protection

      It is reported that in order to strengthen intellectual property protection, standardize the economic order of the platform, and promote the sustainable and healthy development of e-commerce, the State Administration for Market Regulation intends to amend Articles 43 and 84 of the "E-Commerce Law of the People's Republic of China". Among them, in Article 84, the legal liability for the operators of e-commerce platforms to infringe on intellectual property rights on the operators on the platform has not taken necessary measures in accordance with the law, "If the circumstances are particularly serious, the relevant departments may restrict them from carrying out relevant online business activities until the relevant online business license is revoked." (E-commerce News)

3. Rebate Technology: Net profit in the first half of the year was 40.2546 million yuan, a year-on-year decrease of 39%.

      According to August 31, Rebate Technology recently released its 2021 semi-annual report. In the first half of the year, the company achieved operating income of 216.3 million yuan, a year-on-year increase of 2.02%, of which the purchase guide service revenue was 159.2932 million yuan, advertising promotion service revenue was 52.9163 million yuan, platform technical service revenue was 2.5596 million yuan, and other products and services revenue was 1.5487 million yuan; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 39.5821 million yuan, a year-on-year decrease of 36.37%. (E-commerce News)

4. E-commerce global marketing service company "Netying Technology" completed a round D financing of hundreds of millions of yuan

      On August 31, the e-commerce global marketing service company "Netying Technology" announced that it has officially completed a round D financing of hundreds of millions of yuan led by Hongshang Capital. According to data, Netying Technology was established in 2009. It has entered the e-commerce agency operation of beauty and clothing. After twelve years of development, Netying Technology has grown into a comprehensive and ecological e-commerce full-region marketing service company focusing on five core areas: maternal and infant, food, pets, beauty and clothing, and its services cover e-commerce omni-channel operation, digital marketing, content marketing, IT technical support, warehousing and logistics, visual design, customer service, brand cooperation and incubation. (E-commerce News)

Internet news

5. Alipay launches the Beijing Global Resort Mini Program

      On August 31, Beijing Universal Resort officially announced that Beijing Universal Studios will officially open on September 20. At present, the Alipay mini program of Beijing Global Resort has started operation, and tourists can open Alipay and search for "Beijing Global Resort" to enter. It is reported that the Alipay mini program of Beijing Global Resort includes functions such as introduction of major entertainment projects, maps, tourist services, appointments, etc. Among them, the visitor service can provide information and services such as transportation, first aid office, inquiry office, baby wheelchair rental, lost and found. (E-commerce News)

6. Cainiao Station’s on-demand door-to-door delivery service has covered major provincial capital cities

      According to reports on August 31, it is reported that after joining Tmall Taobao to launch on-demand delivery services in the three cities of North Shanghang in April, the relevant person in charge of Cainiao Station recently stated that as of August 31, the service has covered most provincial capital cities, such as Guangzhou, Chengdu, Xi'an, Harbin, Jinan, Wuhan, Changsha, etc., and the service scope is still being expanded. Users in these cities can choose to deliver goods to their homes or store them for free. According to reports, since the promotion of the three cities in Beishanghang, more than 90% of the sites have been opened for this service, and the cumulative number of packages has reached 15 million. (E-commerce News)

Cross-border newsletter

7. Shopee founder Li Xiaodong becomes the richest man in Singapore

      On August 31, according to Hong Kong's Telegraph, as the stock price of Shopee's parent company Sea soared, the company's founder and helmsman Li Xiaodong has become Singapore's richest man. According to the Bloomberg Billionaire Index, Li Xiaodong, who was born in Tianjin, China and later became a Singaporean citizen, has a net worth of US$19.8 billion. According to data, Shopee is a Southeast Asian e-commerce platform, established in Singapore in 2015, and then expanded to seven major markets in Malaysia, Thailand, Taiwan, Indonesia, Vietnam and the Philippines. Shopee's parent company Sea is the first Southeast Asian Internet company listed on the New York Stock Exchange. (E-commerce News)

8. Cross-border Connect: Net profit in the first half of the year was 561 million yuan, an increase of 106.80% year-on-year

      According to August 31, Cross-border Tongbao E-Commerce Co., Ltd. recently released its semi-annual report for 2021. During the reporting period, the company achieved revenue of approximately RMB 5.6 billion, a year-on-year decrease of 38.39%; net profit attributable to shareholders of listed companies was RMB 561 million, a year-on-year increase of 106.80%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was - RMB 34.7095 million, a year-on-year decrease of 113.14%; basic earnings per share was RMB 0.36 per share, a year-on-year increase of 111.76%. (E-commerce News)

9. Prosus agrees to acquire Indian payment platform BillDesk for $4.7 billion

      On August 31, Tencent's major shareholder Prosus announced on Tuesday that it has agreed to acquire Indian payment platform BillDesk for $4.7 billion to supplement its PayU business in India. The deal will also result in Prosus' investment in the Indian market of more than $10 billion. According to data, BillDesk was founded in 2000 and is one of the largest payment platforms in India, with net profit after tax in the last fiscal year ending at the end of March of 271 crore. Prosus said the dealers hope to jointly create a financial ecosystem that processes 4 billion transactions a year, which is four times the size of PayU's current business in India. (E-commerce News)

10. Meituan Hong Kong stocks rose in the afternoon and rose to 6.57%

      On August 31, Meituan Hong Kong stocks rose in the afternoon, and the intraday increase once expanded to 6.57%. As of press time, Meituan's increase was 5.87%, at HK$241.6, with a total market value of HK$1.48 trillion. It is reported that Meituan released its second quarter financial report for 2021 ended on June 30 yesterday. Meituan's revenue in the quarter was 43.76 billion yuan, a year-on-year increase of 77%; a net loss of 3.356 billion yuan, and a net profit of 2.21 billion yuan in the same period last year. As of the end of this quarter, in the past 12 months, Meituan's annual transaction users and active merchants were 630 million and 7.7 million, respectively, both hitting record highs; the average annual transaction number of users reached 32.8, an increase of 27.8% year-on-year. (E-commerce News)