E-commerce information: Chinese stocks listed in e-commerce fell on Thursday: Pinduoduo fell 7.28%; Kuaishou e-commerce tried the "on-demand delivery" service; Meituan's three business departments established unified functions middle platforms involving preferential, grocery shopping, and Kuaidou businesses; Amazon platform China Post Japan Station online delivery service was announced; South Korean e-commerce Coupang had a net loss of US$405 million in Q4 2021...
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1. Chinese stocks listed in e-commerce fell on Thursday: Pinduoduo fell 7.28%
According to reports on March 4, U.S. stocks closed on Thursday, with major stock indexes falling across the board. Large tech stocks generally fell, with Netflix falling by more than 3%, and Amazon and Meta falling by more than 2%. Chinese e-commerce stocks fell generally, Alibaba fell 3.20%, JD.com fell 5.52%, and Pinduoduo fell 7.28%. Among other popular Chinese stocks, Zhihu fell 17.71%, Bilibili fell 7.89%, Manbang fell 5.82%, BOSS Direct Recruitment fell 5.72%, Douyu fell 4.78%, and Baidu fell 3.35%. (E-commerce News)
2. Kuaishou e-commerce tests the "on-demand delivery" service
"First Class" products are an important part of Kuaishou e-commerce in building its own supply chain system. It is reported that as of now, the "door-to-door pick-up" service for reverse logistics services has been in operation for more than a year. Kuaishou E-commerce has continued to increase its penetration rate in return orders through cooperation with many mainstream express delivery companies. Consumers can choose the "door-to-door pick-up" service when refunding. The platform intelligently assigns orders based on the service quality of the express company, providing services to consumers and quickly completing the return process. (E-commerce News)
3. ByteDance plans to deploy licensed consumer finance business
According to Laser Finance, ByteDance is planning to deploy licensed consumer finance business. Last year, the company negotiated license transactions with at least one licensed consumer finance company. In addition, multiple sources revealed that ByteDance failed to achieve cooperation when it came into contact with a leading consumer finance company. A person familiar with the matter revealed that there is no clear information on the details of the transaction, whether it is an equity transfer or a strategic investment, or other forms. Other industry insiders said that they also heard that ByteDance had the idea of joining the licensed consumer finance. They have always wanted to do this business, but they only heard about the license and have not been verified. (E-commerce News)
4. Orange Heart Preferred launches "Orange Shopkeeper"
According to reports on March 3, it is reported that recently, an APP called "Orange Shopkeeper" was launched in the Android version of the APP market. At present, Henan, Hebei, Yunnan, Fujian, Guangdong and other regions have been launched one after another. It is reported that Orange Shopkeeper is also focusing on promoting business from two directions. On the one hand, we recruit regional partners based on cities. Among them, Chengxin Youxuan provides support such as platform, operation guidance, resource docking, and regional partners need to undertake functions such as commodity distribution, channel expansion, logistics and warehousing, and capital investment. Regional enterprises with localized resources, including traditional dealers, will become the expansion targets of Orange Shopkeeper. (E-commerce News)
Internet news
5. Meituan’s three business departments have established unified functions and middle platforms to deal with the preferential, grocery shopping and Kuaitu business.
According to "LatePost" on March 3, last week, Meituan Youxuan, Maicai and Kuailu established a unified functional middle platform, including human resources, finance and public affairs. In terms of human resources, it is coordinated and managed by Liu Dongwei, the head of human resources of Meituan Youxuan; in terms of finance, the three business departments have established a class committee to jointly manage; in terms of public affairs, it is unified and responsible by Ren Kui, vice president of Meituan. According to "LatePost", in late February, Meituan internal discussions believed that Meituan Youxuan, Maicai and Kuailu would not have overlapping and intersection in the short term. (36Kr)
6. Gome’s Zhenhappy App launches FamilyMart Tesco season
On March 4, its Zhenhwa App recently announced the launch of the "Tesco Season", which will jointly subsidize about 1 billion yuan in government agencies at all levels across the country. In addition to continuing to increase the discounts of 3C categories, subsidies for non-categories will also exceed 100 million yuan, covering "famous and special" products across the country. It is reported that from March 4, 4,145 offline stores in 423 cities across Gome will work with the "True Happy" APP to simultaneously launch a promotion event, and through video, the linkage of online and offline scenarios will be achieved. (Retail circle)
Cross-border information
7. Southeast Asian express delivery giant Grab's express delivery business revenue increased to US$148 million in 2021
According to March 4, Southeast Asia and giant Grab Holdings recently released its fourth quarter and full-year financial report for 2021 before the market opened. Grab's net loss nearly doubled to $1.1 billion in the fourth quarter ended December 31, with analysts' average estimated loss value of $645 million. The company's revenue fell 44% year-on-year to $122 million due to Grab's substantial spending on driver incentives. In 2021, Grab Express's revenue increased to US$148 million, up from US$5 million in 2020. In 2021, the mobile business revenue increased by 4% year-on-year to US$456 million, and the annual revenue increased to US$37 million. Grab's net loss expanded from $2.745 billion in the previous year to $3.555 billion for the full year. The platform's GMV reached $16.1 billion, up from the company's previous estimate of $15 billion to $15.5 billion, with Q4 GMV increasing by 26% year-on-year to $4.5 billion. Grab Q4 average monthly transaction users increased by 3% year-on-year, 18% month-on-month to 26 million, and average spending per user increased by 23% year-on-year to $173. (E-commerce News)
8. Online shipping service of Amazon platform China Post Japan Station is announced
According to the official WeChat account of express delivery, the platform China Post Japan Road Online Shipping Service will be launched on March 4. Online shipment not only simplifies the seller's delivery process, but also enjoys multiple protections such as "negative buyer feedback comments", "Amazon Mall transaction guarantee claims", and "effective tracking rate compliance". Currently, China Post provides products in Japan including e-mail, e-express, airline mail parcels and air pendant parcels. It is reported that the coverage of China Post's online shipping service has been expanded to 12 provinces (150 cities) including Beijing, Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Shandong, Henan, Hubei, Hunan, Guangdong, and Sichuan. (E-commerce News)
9. Since launching the new category, Meesho orders increased by 1600% year-on-year
March 3, according to AMZ123, Indian social e-commerce platform Meesho has increased its order volume by 1,600% year-on-year since launching new categories such as auto parts, sports and fitness, pet supplies, office and stationery, and health and health care in July 2021.
In the newly launched category, the order volume of Meesho Auto Parts increased by 700% year-on-year, with 85% of orders coming from second-tier and above cities.
As more and more people adopt pets, demand for pet supplies is also increasing in Indians. Since the launch of the new pet products category in July 2021, the order volume of such products on Meesho has increased by 1,300%, with Bangalore, Delhi, Hyderabad, Impal, Nagpur and Port Blair in the highest demand, with pet products related to fish and dogs accounting for 70% of the order volume.
In addition, sales of office supplies and stationery in Meesho also saw a significant increase. Tamil Nadu, Maharashtra and Uttar Pradesh contributed 30% of the order volume. In the health and wellness category, 60% of orders come from tier 2, 3 and 4 cities, with Impal, Guwahati and Kanpur at the highest demand. The best-selling products include masks, heating pads, massagers, orthopedic heel brackets and face steamers. (E-commerce News)
10. Korean e-commerce Coupang net loss of US$405 million in Q4 2021
According to March 3, South Korean e-commerce giant Coupang recently announced its fourth quarter results for 2021. According to the report, the company's Q4 revenue was US$5.1 billion, a year-on-year increase of 34%; its net loss was US$405 million, compared with a net loss of US$82.755 million in the same period last year; its operating loss increased to US$396.6 million, compared with a year-on-year increase of US$130.9 million; the number of active customers in Q4 increased by 21%. To support growth and compete with local e-commerce rivals, Coupang spent more than 1 trillion won on the newest in the center last year, according to Coupang data. In 2021, Coupang added 15 million square feet of infrastructure, more than the combined increase in infrastructure in the previous two years. As of the end of 2021, Coupang paid WOW members have reached nearly 9 million customers. (E-commerce News)
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