#Laogao E-commerce Newsletter# [November 19 E-commerce Morning News]

Morning News: Alibaba Zhang Yong: I am confident that domestic annual active consumers will reach 1 billion at the end of this fiscal year; Southeast Asian e-commerce Shopee launched Shopee Hotel; Tibet's online retail sales reached 1.87 billion yuan during Double 11, up 44.8% year-on-year...

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E-commerce newsletter

1. Alibaba Zhang Yong: I am confident that domestic annual active consumers will reach 1 billion at the end of this fiscal year

On November 19, Alibaba Group released its second quarter report for fiscal year 2022. During the analyst call, Zhang Yong, Chairman of the Board of Directors and CEO of Alibaba Group, said that in this quarter, Alibaba continued to firmly invest in the three major strategies of domestic demand, globalization and cloud computing, laying a solid foundation for the group to achieve long-term sustainable development. Zhang Yong said: "We still have the long-term strategic goal of serving 2 billion consumers around the world, and are confident that we can achieve the goal of 1 billion domestic annual active consumers at the end of this fiscal year." (E-commerce News)

2. Alibaba's Q2 financial report: Cross-border and global commercial revenue was 15.092 billion yuan, a year-on-year increase of 34%.

According to November 19, Alibaba announced its second-quarter results for the 2022 fiscal year. According to the financial report, Alibaba's cross-border and global businesses achieved strong growth in the second fiscal quarter, mainly including Lazada, AliExpress, Trendyol and Daraz. For the 12 months ended September 30, 2021, the annual active consumers reached approximately 285 million, with a net increase of 20 million in a single quarter. In the second fiscal quarter, Southeast Asian e-commerce platform Lazada recorded a year-on-year increase of more than 82%, and the frequency of user visits increased continuously over the past seven quarters; Trendyol GMV, the largest e-commerce platform in Turkey, grew by more than 80% year-on-year. (E-commerce News)

3. Autohome's Q3 revenue fell 23.8% year-on-year

According to November 18, tonight, Autohome released its third quarter financial report for 2021 as of September 30. Without the US General Accounting Standards, net profit was RMB 583.2 million, compared with RMB 901.8 million in the same period last year. Autohome's revenue cost in the third quarter was RMB 281.2 million, compared with RMB 250.1 million in the same period last year. (E-commerce News)

4. Miniso's revenue in Q1 2022 was 28% year-on-year

According to the financial report, revenue in the quarter was RMB 2.6541 billion, a year-on-year increase of 28.1%; gross profit was RMB 728.4 million, a year-on-year increase of 39.4% and a year-on-year increase of 14.0%; operating profit was RMB 213.5 million, while operating loss in the same period last year was RMB 2.1 million, and operating profit in the previous quarter was RMB 187.8 million. Net profit was RMB 154.5 million, while a loss of RMB 1.676.3 billion in the same period last year, while profit in the previous quarter was RMB 111.2 million. Without following US General Accounting Standards, the adjusted net profit was RMB 184.2 million, an increase of 80.3% year-on-year. (E-commerce News)

Cross-border newsletter

5. Wish launches Wish Clips short video shopping module

According to November 18, Wish recently launched the Wish Clips short video module. In order for merchants to upload product short videos to better display products to users around the world and tell product stories, this function is an upgraded version of the video function launched by Wish. It is reported that merchants have the opportunity to be selected to display videos that have been uploaded and have newly uploaded by Wish review. The selected videos will be displayed to some users in the "Wish Clips" section of the Android version of Wish app. ((E-commerce News)

6. Alibaba's Q2 financial report: Cross-border and global commercial revenue was 15.092 billion yuan, a year-on-year increase of 34%

According to November 19, Alibaba announced its second-quarter results for the 2022 fiscal year. According to the financial report, Alibaba's cross-border and global businesses achieved strong growth in the second fiscal quarter, mainly including Lazada, AliExpress, Trendyol and Daraz. For the 12 months ended September 30, 2021, the annual active consumers reached approximately 285 million, with a net increase of 20 million in a single quarter. In the second fiscal quarter, Southeast Asian e-commerce platform Lazada recorded a year-on-year increase of more than 82%, and the frequency of user visits increased continuously over the past seven quarters; Trendyol GMV, the largest e-commerce platform in Turkey, grew by more than 80% year-on-year. (E-commerce News)

7. Southeast Asian e-commerce Shopee launches Shopee Hotel

According to foreign media reports, Southeast Asian e-commerce Shopee recently launched Shopee Hotel to help users search and book hotels. Shopee works with Agoda and Booking, and Shopee users in Singapore, Malaysia, Thailand, Taiwan, Indonesia, Vietnam and the Philippines will be able to book hotels, resorts, vacation homes and apartments on Agoda and Booking through Shopee Hotel and get instant confirmation. They can also plan travel routes in Shopee's app, such as when browsing accommodation, where users can discover landmarks near their listings and explore local enclaves, communities and attractions. (E-commerce News)

Internet Information

8. Tibet's online retail sales reached 1.87 billion yuan during Double 11, up 44.8% year-on-year

According to reports on November 19, during this year, Tibet's retail sales reached 1.87 billion yuan, a year-on-year increase of 44.8%, ranking 25th in the country. During this year's Double 11, Tibet's top three e-commerce platforms ranked in the top three online retail sales were JD.com and Taobao, with online retail sales reaching 856 million yuan, 797 million yuan and 89.8 million yuan respectively, accounting for 45.8%, 42.6% and 4.8% of the regional online retail sales respectively. During this year's Double 11, Tibet's online retail sales reached 687 million yuan, a year-on-year increase of 95.46%. (Yibang Power News)

9. Keep responds to IPO rumors: There is no timetable for IPO plans

November 19th news, responding to rumors: Thank you for your continued attention to Keep. As a company, Keep advocates self-discipline and is always committed to improving sports experience and promoting national fitness. There is no timetable for the IPO plan. (E-commerce News)

10. Yunda Co., Ltd.: The express delivery business volume in October was 1.716 billion, an increase of 21.1% year-on-year

On November 19, Yunda Co., Ltd. issued an announcement stating that in October 2021, the revenue of express service business was 3.719 billion yuan, a year-on-year increase of 20.39%; the business volume was 1.716 billion tickets, a year-on-year increase of 21.1%; the revenue of express service tickets in that month was 2.17 yuan, a year-on-year decrease of 0.46%. (E-commerce News)