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#Laogao E-commerce Newsletter# [E-commerce Morning News on September 28]

2021-09-28

Morning News: 2021 Fast Consumer Goods Retail Supply Satisfaction Survey Report: JD.com won the first place in retail e-commerce; Xiaomi Group: Repurchased 6.905 million shares on September 27 and spent HK$149 million; in the first eight months, the cross-border e-commerce import and export business volume of Nanning Comprehensive Bonded Zone increased by 164.09% year-on-year'; TikTok officially disclosed platform user data to the public for the first time to use it by more than 1 billion people; ByteDance entered the automotive cloud to catch up with Tencent in 2025......



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E-commerce newsletter


1. Chuanhua Logistics signed an investment agreement with Alibaba and other companies.


      On September 28, Chuanhua Zhilian recently issued an announcement stating that its subsidiary Chuanhua Logistics signed the "Investment Agreement on Zhejiang Four Ports Linked Development Co., Ltd." with Zhejiang Seaport Group, Zhejiang Transportation Group, Yuantong Jiaolong, Baidu, Zhejiang Airport Group and Alibaba, and jointly established Zhejiang Four Ports Linked Development Co., Ltd. to jointly promote the creation of the "Four Ports" Linked Smart Logistics Cloud Platform, and established a platform entity operating company with a registered capital of 500 million yuan. Chuanhua Logistics, Yuantong Jiaolong, and Baidu account for 8%, and Airport Group and Alibaba account for 4%, all of which contributed in cash. (E-commerce News)


2. 2021 Fast Consumer Products Zero Supply Satisfaction Survey Report: JD.com won the first place in retail e-commerce


      The report shows that among retail e-commerce, JD ranks first with a zero supply satisfaction score of 4.22 points, which is also the third time that JD has won first place since 2019, which shows that manufacturing companies, brands, and small and medium-sized merchants have the highest overall satisfaction with JD in all aspects such as fee settlement, credit, process management, and marketing. It is understood that JD.com will continue to increase support for small and medium-sized businesses. This year, Double 11 will lower the threshold for participation of small and medium-sized businesses and provide support in terms of advertising, traffic, operations, etc. (E-commerce News)


3. Xiaomi Group: Repurchasing 6.905 million shares on September 27 cost HK$149 million


      On September 27, Xiaomi Group issued an announcement stating that the company repurchased 6.905 million shares of the company's shares on the Hong Kong Stock Exchange on September 27, 2021, costing about HK$149 million. Based on the quantity and cost of this repurchase, the average repurchase price is approximately HK$21.55; according to the disclosure, the highest repurchase price is HK$21.80 and the lowest repurchase price is HK$21.30. As of the close of Hong Kong stocks on September 27, Xiaomi's stock price closed at HK$21.75, down 1.58%, and its current total market value is HK$545.38 billion. (E-commerce News)


4. Dada Express hosts 927 Knights Day


      On September 27, the official Weibo of Dada Group announced that today, the first Dada Express Knights Festival officially opened, and more than 500 cities across the country jointly launched the Knights Festival activities online and offline. On the Knights' Day, Dada Express will launch an online lottery, with prizes including full coupons for mobile phones in Dada Mall, full coupons for equipment in Dada equipment, Jindian Organic Milk, Dada Mall coupons, etc. As long as the Knight completes a valid crowdsourcing order according to the rules of the event page on the festival day, you can participate in the generous gift lottery. In addition, Dada Mall has launched many low-priced welfare activities. It is reported that various welfare offers in the mall will last until October 10. (E-commerce News)


Cross-border newsletter


5. In the first eight months, the cross-border e-commerce import and export business volume of Nanning Comprehensive Bonded Zone increased by 164.09% year-on-year.


      According to the Nanning Daily, according to preliminary statistics, from January to August this year, Nanning Comprehensive Bonded Zone achieved cross-border e-commerce import and export business volume of 48.7739 million orders, a year-on-year increase of 164.09%; the transaction volume was 2.256 billion yuan, a year-on-year increase of 148.35%. According to reports, Nanning Comprehensive Bonded Zone actively explores new customs supervision models, implements cross-border e-commerce export return policies, promotes export non-dumping supervision models, continues to carry out 9710 business, promotes the pilot work of cross-border e-commerce B2B export supervision, and forms a new cross-border e-commerce B2B export model. According to preliminary statistics, from January to August this year, Nanning Comprehensive Bonded Zone achieved 9710 business export orders of 17,332 orders, with a transaction volume of approximately 15 million yuan. (E-commerce News)


6. Morgan Stanley: Cut Amazon’s target price from $4,300 to $4,100    


      On September 27, Morgan Stanley analyst Brian Nowak lowered Amazon's target price from $4,300 to $4,100 and maintained its overweight rating on the stock. Therefore, he lowered Amazon's EBIT forecasts for 2021 and 2022 by 16% and 19%, respectively. Nowak said its stock price may maintain a range-to-range fluctuation before Amazon's revenue accelerates again in the first half of 2022. As of press time, Amazon's quotation was $3,355.04, down 2.06%, with a total market value of $1.70 trillion. (E-commerce News)


7. TikTok officially disclosed platform user data to the public for the first time. More than 1 billion people use it


      September 27th news, today, TikTok officially disclosed platform user data for the first time - so far, more than 1 billion people around the world use TikTok every month. (Yibang Power News)


8. Cainiao set up a new international freight company in Zhejiang


      According to the news on September 27, Tianyancha App, Zhejiang Xin Album International Freight Co., Ltd. was established a few days ago, with its business scope including customs supervision of goods warehousing services; export supervision of warehouse operations; customs declaration business; software development; supply chain management services; international cargo transportation agents, etc. Shareholder information shows that the company is wholly owned by Zhejiang Cainiao Supply Chain Management Co., Ltd. (Yibang Power News)


Internet Information


9. ByteDance spent 2 billion yuan to acquire land in Shanghai


      On September 27, according to the Shanghai Land Market on September 26, ByteDance's subsidiary Shanghai Zitiao Zhipu Technology Co., Ltd. won a piece of land at a reserve price of 2.04 billion yuan. The announcement shows that ByteDance is located in Yangpu District, Shanghai, and the plot is called C090103 Unit 03G2-04, Pingliang Community, Yangpu District. Judging from the location of the plot, this plot is located at the first-line river view of the Binjiang section of Yangpu District. Tianyan Check data shows that on August 26, Shanghai Zitiao Zhipu Technology Co., Ltd. was established. The legal representative is Huawei, with a registered capital of 600 million yuan. The business scope includes real estate development and operation, performance brokerage, etc. (E-commerce News)


10. ByteDance plans to catch up with Tencent in 2025


      On September 28, ByteDance recently launched its automotive cloud business and has recruited personnel from companies such as Amazon Cloud and JD Cloud to be responsible for promoting the project. At the same time, Byte also began to negotiate cooperation with a new car manufacturing and freight autonomous driving company on the project of "Zhijia Cloud". In 2023-2025, Byte's goal is to gradually achieve more than half of the customer cloud business coverage rate, and "the overall revenue will catch up with Tencent." (Yibang Power News)



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