#Laogao E-commerce Newsletter# [November 9 E-commerce Morning News]

Morning News: Cross-border e-commerce company "Hello World" received over 100 million yuan in B+ financing; Beike's third-quarter revenue fell 18.1 billion yuan year-on-year by 11.9%; financial technology platform Qupital received US$150 million in financing Alibaba's investment; Zhihu invested in the technology company's business scope including electronic product sales, clothing retail, etc....

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E-commerce newsletter

1. Fintech platform Qupital received US$150 million in financing Alibaba's investment

According to 36Kr, recently, the financial technology platform Qiaobidao raised a total of US$150 million through round B equity financing and asset securitization projects. According to reports, the funds obtained from this round of financing will be used for the company's international business expansion and the development of core loan business. It is reported that Qupital was founded in 2016 and is a financial technology company headquartered in Hong Kong, with offices in Shanghai, Shenzhen, Guangzhou, Hangzhou and Fuzhou. Qupital uses technologies such as big data, machine learning and predictive analysis to implement credit decision-making and monitoring process automation, and provides cross-border e-commerce trade financing services to small and medium-sized enterprises. (E-commerce News)

2. Ctrip Group signed a strategic cooperation agreement with the People's Government of Foping County, Shaanxi Province

On November 8, Ctrip Group recently signed a strategic cooperation agreement with the Foping County People's Government to jointly promote the implementation of Foping County's "Tourism-Strength County" strategy and key tasks of rural revitalization. According to the strategic cooperation agreement, the two parties will carry out in-depth cooperation around the degree-carrying fake farm project, create high-end rural accommodation benchmark products, and promote the ecological revitalization of Foping's rural areas through rural tourism. Zhang Xu, CEO of the Domestic Government Cooperation Department of Ctrip Group, said that he hopes to cooperate in in-depth with Foping County in rural homestays, content marketing, and brand building in the future. It is understood that at the end of the second quarter of this year, the first public welfare fake farm has been completed. (E-commerce News)

3. Beike's third-quarter revenue fell 18.1 billion yuan year-on-year

On November 9, new residence service provider Beike released its unaudited financial results for the third quarter ended September 30, 2021. The report shows that in the third quarter, Beike's total operating revenue was 18.1 billion yuan, a year-on-year decrease of 11.9%; the adjusted net loss was 888 million yuan; and the turnover reached 830.7 billion yuan. The transaction volume of existing housing transactions in Beike in the third quarter was 378.2 billion yuan, a year-on-year decrease of 34.3%; among them, the transaction volume of second-hand housing transactions decreased by 36.8% year-on-year, a decrease of less than the market level; the transaction volume of new housing transactions was 410.1 billion yuan, a year-on-year decrease of 2.5%, significantly lower than the market decline. As of the end of the reporting period, the total number of shell stores reached 53,946 and the total number of brokers was 515,486. (E-commerce News)

4. JD Supermarket and Lianjia jointly released the "Generation Z Living and Life Consumption Trend Report"

According to November 8, JD Supermarket and Lianjia recently jointly released a "Generation Z Living and Living Consumption Trend Report". The report shows that male consumers pay more attention to the comfort of the bathroom and living room, and the number of people actively purchasing household cleaning supplies is increasing year by year, while women pay more attention to the comfort of bedroom rest. On November 1, the transaction volume of laundry beads in JD Supermarket increased by 200% year-on-year. At the same time, "instant-selling" products such as kitchen paper and kitchen wet tissues are very popular, with sales growth of 68% year-on-year. (E-commerce News)

Cross-border newsletter

5. PayPal's revenue increased by 13% year-on-year in the third quarter and will support Amazon US users to pay with Venmo

The report shows that in the third quarter of 2021, PayPal's revenue was US$6.182 billion, a year-on-year increase of 13%. PayPal's overall payment amount in the third quarter was US$309.91 million, analysts expected US$313.66 million; adjusted EPS in the third quarter was US$1.11, analysts expected US$1.07; net income in the third quarter was US$6.18 billion, analysts expected US$6.23 billion. Additionally, the company said it will work with Amazon, starting in 2022, and U.S. customers will be able to shop on Amazon.com and Amazon mobile shopping apps through their Venmo accounts. It is reported that PayPal's Venmo app began supporting cryptocurrency services in April, with payments soaring 36% to $60 billion. (E-commerce News)

6. AliExpress: "New version of worry-free refund" insurance premium pricing plan adjustment

According to Hugo's cross-border report, AliExpress issued an announcement stating that it would adjust the "new version of worry-free refund" insurance premium pricing plan. The original plan with a unified 1.3% rate for all stores will be adjusted to a differentiated pricing plan based on the comprehensive performance of each store. After this round of differentiated pricing, the store's comprehensive performance will be evaluated and updated regularly before the 10th of each month. This round of adjustments takes effect from 0:00 on November 9, 2021. (E-commerce News)

7. Cross-border e-commerce company "Hello World" received over 100 million yuan in B+ round financing

According to November 9, the company group recently received a B+ round strategy of over 100 million yuan, and the investor was Zhongbing Huiyuan Investment. It is reported that this round of funds will be mainly used for the refined operation of independent brands, including team expansion, channel coverage, and product research and development, production, and operation. According to information, Hello World was founded in 2016. Its main business is to provide innovative full-link solutions for overseas brands to enter the Chinese market. At present, Hello World has reached cooperation with more than 860 brands from Germany, Italy, the United Kingdom, Australia, New Zealand, Japan, the United States and other countries, with over 50,000 SKUs. (Yibang Power News)

8. Snapchat upgraded AR trial tool

On November 8, its trial-on tool has been upgraded a few days ago, allowing users to try on brand T-shirts and hoodies virtually and see dynamic trial-on effects in the application. It is understood that Snapchat currently provides a variety of AR try-on options, including,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Back in May, Snap worked with Prada and Farfetch on a series of digital trial-on projects, including some upper body ones. (Yibang Power News)

Internet Information

9. Dingdong Maicai mini program collection volume increased by 92% in half a year

On November 8, since the upgrade of the "Alipay Open Platform" public account "My Mini Program", the collection of Dingdong Maicai mini program has increased by 92%, and the search volume has increased by 41%. Due to its "search-collection" user link design, the proportion of users who revisit Dingdong Maicai through "My Mini Program" continues to grow, and the willingness of collectible users to repurchase is also higher. (E-commerce News)

10. Zhihu invests in the establishment of a technology company business scope including electronic product sales, clothing retail, etc.

According to news on November 8, Tianyan Check data, on November 5, Nanjing Zhihao Technology Co., Ltd. was established, with the legal representative being Zhang Ning, with a registered capital of RMB 1 million, and its business scope includes: electronic product sales; needle textile sales; clothing and clothing retail; shoes and hat retail; entertainment and entertainment products sales, etc. According to equity penetration, the company is 100% controlled by Nanjing Zhizhu Technology Co., Ltd., a wholly-owned subsidiary of Zhihu's affiliated company Beijing Zhizhe Tianxia Technology Co., Ltd. (E-commerce News)