#Laogao E-commerce Newsletter# [October 21 E-commerce Morning Newsletter]

Morning News: Three Squirrels: Net profit attributable to shareholders in the first three quarters was 442 million yuan, a year-on-year increase of 67.35%; Tmall Double 11 pre-sales started Li Jiaqi and Weiya's live broadcast room exceeded 200 million; Juyue Express promised that the full refund was not reached for a limited time in Double Eleven; Indian social e-commerce platform CityMall negotiated to raise about US$70 million in new funds; China's retail listed companies revenue rankings in the first half of 2021: JD.com first, Alibaba second...

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E-commerce newsletter

1. Alibaba and Ant Group release digital solutions for automobiles

On October 20, at the "Digital Upgrade of the Automobile Industry" forum of the 2021 Yunqi Conference, Alibaba and Alibaba Cloud, Alipay, Zebra Intelligence, Qianxun Location, Tmall Automobile, Tmall Genie, Alibaba Mom, and Gaode, a subsidiary of Ant Group, jointly released digital and intelligent solutions for the entire automobile industry, providing industry overall solutions covering R&D, manufacturing, supply chain, product intelligence, marketing, sales, car use, aftermarket, travel services and office collaboration, helping to achieve good cars, sell good cars, and use good cars, empowering the digital and intelligent transformation and upgrading of the automobile industry. (E-commerce News)

2. Three Squirrels: Net profit attributable to shareholders in the first three quarters was 442 million yuan, a year-on-year increase of 67.35%.

According to October 20, Three Squirrels released their third quarter report for 2021. In the third quarter, Three Squirrels' revenue was 1.809 billion yuan, a year-on-year decrease of 8.59%; net profit attributable to shareholders was 90.4289 million yuan, a year-on-year increase of 18.29%. (E-commerce News)

3. JD Hourly Purchase 11.11 Delivery First Order on Sale 10 Minutes

On October 21, Dada Group announced that the first delivery order of JD Hourly Purchase 11.11 will take 10 minutes to deliver. It is reported that JD.com 11.11 was officially launched at 8 pm on October 20. Just 10 minutes after the big sale started, Ms. Cui, who lives in Chaoyang District, Beijing, received her first order for 11.11 this year - the iPhone 13 phone purchased through JD.com's "Hourly Purchase". Before JD.com, Dada Group and JD.com jointly announced the official launch of the "Nearby" channel on the homepage of JD.com APP. Based on the location of the consumers, they provide them with "hourly shopping" services for high-quality products delivered in every category of 3-5 kilometers nearby stores at hourly and minutely. (E-commerce News)

4. Tmall Double 11 pre-sale starts Li Jiaqi and Weiya live broadcast room with a number of people exceeding 200 million

On October 21, Tmall Double 11 pre-sale was officially launched at 8 pm on the 20th. Taobao live broadcast data shows that at around 8:30 pm on October 20th, Li Jiaqi and Weiya watched the Taobao live broadcast room by more than 100 million. As of 23:00 on October 20, the number of viewers in Li Jiaqi and Weiya's live broadcast rooms exceeded 200 million. Early this morning, Li Jiaqi posted on Weibo, saying, "We watch 20 million people every day, and today 250 million." It is understood that this year is the 13th consecutive year that Tmall has held the Double 11 Shopping Festival. (E-commerce News)

Cross-border newsletter

5. Wing, a subsidiary of Google's parent company, launches a new drone delivery model in Texas, USA

Wing, owned by Google's parent company Alphabet, said on Wednesday that Walgreens will use its new drone to deliver goods from a Texas store, Reuters reported. Wing said it will launch the project in the parking lot of Walgreens Store in the Dallas-Fort Worth area to provide delivery services to parts of Frisco and Little Elm. Walgreens employees will process the order and load the package into the delivery drone. (E-commerce News)

6. The full refund is refunded if the limited time is not reached by the Cross-11

On October 20th, on October 12th, the official Weibo of Kuaiyue Express issued a letter to customers, announcing that it would stick to B-end corporate customers for the logistics peak season in the fourth quarter, innovate in service, further strengthen the peak season time, and solemnly promised to do whatever it takes to ensure the operation of the corporate supply chain under the logistics peak at all costs. The limited time is not reached, and a full refund will be made. It is understood that in response to the logistics timeliness faced by small and medium-sized enterprises on Double Eleven, this year, the brand slogan of "different paths, one step faster". The slogan can be summarized into four aspects: "fast, stable, accurate and good". (E-commerce News)

7. Indian social e-commerce platform CityMall negotiates to raise about $70 million in new funds

According to entrackr, three people familiar with the matter revealed that Indian social e-commerce platform "CityMall" is negotiating to raise a new round of financing of US$70 million from new and old supporters. The startup has completed two rounds of financing this year, with a $11 million Series A round received in March and a $22.5 million Series B round received in June. An anonymous person said that CityMall's new round of valuation will be between $300 million and $350 million, and in addition to equity, the company will also raise a large amount of debt capital. (E-commerce News)

8. French Asian fresh food e-commerce "Fangyuanshili" received 4 million euros seed round financing

It is understood that "Fangyuan Shili" was established in 2018 at Station F, the Paris Entrepreneurship Incubation Park. It is an online retail company. It initially mainly focuses on Chinese food delivery business and then launched a fresh food delivery service at the beginning of last year. Currently, more than 600 Asian restaurants have been on the platform. For the next step of planning, Fangyuan Food hopes to further add product categories after the storage capacity is improved, and it is expected to be launched in the fourth quarter of 2021. (E-commerce News)

Internet Information

9. Revenue rankings of Chinese retail listed companies in the first half of 2021: JD.com first and Alibaba second

According to statistics from Lianshang.com Retail Research Center, in the first half of 2021, 164 retail listed companies achieved revenue of 1854.609 billion yuan, net profit of 75.394 billion yuan, and net profit margin of 4.06%. Among them, JD.com ranked first in the revenue rankings of China's retail listed companies in the first half of 2021, with revenue of 456.977 billion yuan, an increase of 31.6%, and net profit of 4.412 billion yuan. Alibaba is second, with revenue of 393.135 billion yuan, and Xiaomi Group is third, with revenue of 164.671 billion yuan. In terms of revenue, 15 e-commerce companies achieved revenue of 1051.508 billion yuan, and 5 leading companies achieved revenue of 1034.054 billion yuan, accounting for 98.34% of the total e-commerce revenue, and revenue increased by 79.05%. (E-commerce News)

10. Beijing’s express delivery business volume in the first nine months was 1.637 billion pieces down 5.82% year-on-year

On October 20, the Beijing Postal Administration announced the operation of the city's postal industry in September 2021. From January to September, the business volume of Beijing express service enterprises reached 1.637 billion pieces, a year-on-year decrease of 5.82%; the business revenue reached 23.326 billion yuan, a year-on-year decrease of 5.45%. Among them, the cumulative business volume of the same city was 444 million pieces, a year-on-year decrease of 12.44%; the cumulative business volume of the off-site business volume reached 1.184 billion pieces, a year-on-year decrease of 3.14%; the cumulative business volume of the international/Hong Kong, Macao and Taiwan was 9.0183 million pieces, a year-on-year increase of 4.91%. In September, the business volume of express delivery service enterprises in the city reached 196 million pieces, a year-on-year decrease of 3.00%; business revenue reached 2.816 billion yuan, a year-on-year increase of 3.40%. (E-commerce News)