#Laogao E-commerce Newsletter# [February 18 E-commerce Morning News]

Morning News: News: Alibaba will reduce Keruyun's holdings and operate independently; Tencent's internal testing of group buying tool "Exiangtuan" has entered the group buying field for the first time; Douyin e-commerce launched the "DOU to try new things, and find fresh things in early spring" activity; News said that Singapore's fashion e-commerce platform Zilingo plans to raise US$150 to US$200 million; News said that Singapore's fashion e-commerce platform Zilingo plans to raise US$150 to US$200 million...

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E-commerce newsletter

1. News says Alibaba will reduce Keruyun's holdings and operate independently

On February 17, according to the Science and Technology Innovation Board Daily, Alibaba's wholly acquired catering, retail and beauty saas platforms will operate independently, and Alibaba's shares will be reduced. In 2020, Keruyun joined Alibaba and became a wholly-owned subsidiary of Alibaba Local Life. Currently, Keru Cloud's business covers nearly 100 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Wuhan, etc., with a total of more than 5,000 employees. It has more than 800 authorized agency companies nationwide and has accumulated more than 600,000 service merchants. (E-commerce News)

2. Tencent’s internal testing of group buying tool “Eet Xiangtuan” has entered the group buying field for the first time

According to Xinyan Finance, Tencent recently tested a group purchase tool mini program "Eexiangtuan" on WeChat. According to insiders, Exiangtuan is a service tool for small and micro merchants, targeting WeChat private domain transaction scenarios, improving transaction efficiency and private domain operation. At present, the Exiangtuan Group needs the leader to register and authenticate through the invitation code before it can be used. In addition, the group leader can also check the product payment status and after-sales status on the "Order" page. (E-commerce News)

3. Douyin e-commerce launches the "DOU to try new things and find fresh things in early spring" event

According to Douyin e-commerce marketing observation, Douyin e-commerce fresh fruit industry will hold the "DOU Come and Taste Fresh in Early Spring" event from February 18 to 25 to heat up traffic for merchants and experts in fresh food short videos, and provide merchant experts with more reward channels through short video theme task competitions and fresh food authors and merchants' task activities. At present, the recruitment activities have been fully launched. Short videos with excellent data performance will also receive a reward of up to 3,000 yuan on the platform. (E-commerce News)

4. JD Health launches "Passionate Ice and Snow" special session to popularize ice and snow sports health knowledge

Since early February, the number of consultations for wrist, ankle, lumbar spine and other related departments in JD Health Internet Hospital has increased to varying degrees compared with January; the five departments with the largest number of consultations are arthritis, spine, traditional Chinese medicine orthopedics, trauma, and rehabilitation medicine. Recently, in order to popularize the health knowledge and precautions of ice and snow sports to the majority of sports enthusiasts and provide users with more convenient and efficient medical treatment channels, JD Health launched the "Passive Ice and Snow Make Love Fly" section. (E-commerce News)

Internet news

5. FedEx: The amount of flowers delivered increased by more than 30% during Valentine's Day in 2022

According to February 17, FedEx recently issued an announcement stating that the transportation volume of Valentine's Day flowers increased by more than 30% in 2022, and about 1 million boxes of flowers were shipped from Colombia to the United States during Valentine's Day. To meet holiday demand, FedEx will triple flights from Bogota and Medellin to Miami. It is understood that in response to the growing demand of the flower industry, FedEx has launched an international priority direct sales service, direct shipment from the farm. (E-commerce News)

6. Daily Youxian discloses the patent of "Recommended Page Configuration Method and Device"

According to the news on February 17, Tianyan Check data shows that Beijing Meiji Youxian affiliated company Beijing Meiji Youxian E-Commerce Co., Ltd. recently published a patent for "recommended page configuration method, device, electronic equipment and computer-readable media", with application publication number CN113590974A, with the application date of September 29, 2021. This embodiment saves the operation time of users browsing frequently visited pages. (E-commerce News)

Cross-border information

7. News says Singapore's fashion e-commerce platform Zilingo plans to raise US$150 to US$200 million

On February 17, according to people familiar with the matter, Singapore's fashion e-commerce platform Zilingo is planning to raise $150 million to $200 million in its latest round of financing. Zilingo is working with Goldman Sachs on a potential financing deal with a valuation of more than $1 billion, and details such as the scale of the financing being conducted in negotiations may change, people familiar with the matter said. At the beginning of 2019, Zilingo was valued at $970 million, when Zilingo received $226 million from investors including Sequoia Capital and Temasek. Zilingo CEO Ankiti Bose has previously said the company is weighing options for listing financing. (E-commerce News)

8. Wish adjusts A+ logistics service prices in 23 countries including the United States, Germany, France and other countries

According to news on February 17, Wish said that the A+ logistics plan price update will be carried out starting from February 16. It is reported that starting from 10:00 am on February 16, 2022, WishPost will adjust the logistics prices of A+ logistics planning services in 23 destination countries (regions), including two logistics channels: A-Super ECONOMY and A-Super STANDARD. This price update applies to the A+ waybills for the corresponding destination country (region) created on WishPost after 10:00 on February 16, 2022. (E-commerce News)

9. Walmart's revenue in Q4 fiscal year 2022 is US$152.9 billion

On February 17, before the U.S. stock market, Walmart released its fourth quarter and full fiscal year financial results for the 2022 fiscal year. Data shows that Walmart's total revenue in the fourth quarter was US$152.9 billion, a year-on-year increase of 0.5%; its net profit in the fourth quarter was US$3.56 billion, compared with a loss of US$2.091 billion in the same period last year. Under non-GAAP guidelines, Walmart's diluted earnings per share in the fourth quarter was $1.53, slightly exceeding the market's generally expected $1.50. In the fourth quarter, Walmart's sales in the United States exceeded US$105 billion, with sales increasing by 5.6%; Walmart's international net sales were US$27 billion, a year-on-year decrease of 22.6%, and Walmart achieved strong growth in China, Mexico and Flipkart. (E-commerce News)

10. Udemy: revenue of US$518 million in 2021, To B business increased by 81% year-on-year

February 17th news, recently, the American online education platform Udemy released its fourth quarter and full-year performance report as of December 31, 2021. According to the financial report, in 2021, Udemy's revenue was US$518 million, a year-on-year increase of 21%; a net loss of US$77.5 million, compared with US$77.6 million in 2020. According to the financial report, in the fourth quarter, Udemy's revenue was US$138 million, a year-on-year increase of 25%; gross profit was US$73.8 million, a year-on-year increase of 35.6%. C-end users can learn a variety of topic courses such as programming and data science on the Udemy platform. Udemy Enterprise Business provides employee training and development platforms, and corporate customers can subscribe to study courses and host and distribute their own content. (E-commerce News)