Morning News: Chinese stocks surged on Wednesday: Pinduoduo rose by more than 56%; Meituan will release its Q4 and full-year financial results for 2021 on March 25; TikTok launches the "DOU to try the new spring season" event; TikTok and Canadian e-commerce Shopify expand their partnership; Singapore social e-commerce Webuy acquires Chilibeli to expand the Indonesian market...
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1. Chinese stocks surged on Wednesday: Pinduoduo rose by more than 56%
According to reports on March 17, popular Chinese stocks continued to counterattack strongly on Wednesday after a sharp rise yesterday. Among them, Dingdong Maicai rose more than 66% to HK$4.25, with a total market value of HK$1.003 billion; Pinduoduo rose more than 56% to HK$42.62, with a total market value of HK$53.415 billion; Dada Group rose more than 50% to HK$8.87, with a total market value of HK$2.057 billion; JD.com rose more than 39% to HK$64.08, with a total market value of HK$99.90 billion ;BOSS Direct Recruitment rose nearly 38% to HK$, with a total market value of HK$104.98; Alibaba rose more than 36% to HK$104.98; with a total market value of HK$284.592 billion; Manbang rose nearly 36%; Vipshop rose nearly 32% to HK$8.48, with a total market value of HK$5.758 billion; Ctrip rose more than 28% to HK$23.34, with a total market value of HK$14.878 billion. (E-commerce News)
2. Meituan will release its Q4 and full-year financial results for 2021 on March 25
On March 16, Meituan announced that the company will announce its fourth quarter and full-year financial results for the fourth quarter and full-year ended December 31, 2021 after the market closes on March 25, 2022. In addition, Meituan's fourth quarter and full-year financial performance report conference call will be held at 7 pm Hong Kong time on March 25, 2022. It is reported that in November last year, Meituan released its Q3 financial report for 2021. During the reporting period, Meituan's revenue was 48.83 billion yuan, an increase of 37.9% year-on-year; the net loss in the third quarter was 9.99 billion yuan. (E-commerce News)
3. What is worth buying online "315 Home Quality Festival" special event
On March 16th, the consumer content community recently launched the "What is worth buying" special event on the "315 Home Quality Festival". At the same time, multiple industries such as home furnishings, home appliances, smart homes and other industries jointly launched the "Not Spend In vain" consumption collection to improve the quality and efficiency of home decoration consumers' decision-making from the perspective of content. "What is worth buying?" Zhang Yu'ang, head of the Commercial Operations Department, said: The launch of this home furnishing special event hopes to help consumers cope with decision-making problems through more targeted and guided high-quality consumer content. (E-commerce News)
4. Douyin e-commerce launches the "DOU to try the new spring season" event
According to March 16, Douyin E-commerce will launch the "DOU to try the new season of spring" event from March 16 to March 22. During the event, Douyin e-commerce plans to use short video content as an incision to enhance consumers' perception of high-quality pre-made dishes, and launch a short video challenge with the topic of #5-minute lazy food challenge. Taking "lazy food" as the content entry point, we will pre-embed experts/merchant short videos and heat them up; at the same time, on the Douyin APP, Douyin e-commerce will also collaborate in creating Douyin hot words, cooperate with e-commerce authors to launch traffic to undertake traffic, and drive transaction penetration of semi-finished dishes in the fresh food industry. (E-commerce News)
Internet news
5. TikTok: More than 17,000 rumors related to the epidemic have been processed this year
According to the Douyin Security Center on March 16, recently, Douyin discovered that some netizens had illegal and irregular acts such as using the epidemic to create and spread related rumors and affect public order. For example, "Shanghai Jiading is building a temporary hospital", "Changchun prohibits traveling more than three people, and motor vehicles are prohibited from going on the road in the city", etc., all of which have been verified and confirmed that they are all rumors. At the same time, the entire site is backtracked from time to time, and a vocabulary is established to feed back rumors and detect rumors. Since January 1 to March 2022, the platform has handled 17,313 rumors related to the epidemic. (E-commerce News)
6. Shanghai: The average stock volume of forward warehouses in e-commerce platforms reaches 1.5 to 2 times the daily necessities
At present, the average stock volume of e-commerce platforms in Shanghai's forward warehouses has reached 1.5 to 2 times the daily demand category, and the supply of goods in most areas is relatively sufficient. It is reported that e-commerce platforms have formulated transportation capacity and stocking response plans, made stocking plans for urgently needed goods such as vegetables, meat, eggs, and poultry in advance, and provided a wide variety of supply guarantee packages for residents of the blocked community. (E-commerce News)
Cross-border information
7. Singapore social e-commerce Webuy acquires Chilibeli to expand Indonesian market
On March 16, according to DNY123, Singapore's social e-commerce Webuy announced the acquisition of Indonesian social e-commerce Chilibeli to expand the Indonesian market. Both parties did not disclose the terms and amount of the transaction. Before Webuy's acquisition, Chilibeli had stopped operations and was considering selling its business. It is understood that in January 2020, Webuy began to expand into Malaysia and entered the Indonesian market in May 2020. Webuy currently has 100,000 users in Singapore, Malaysia and Indonesia, and has 3,000 agents. Since 2020, 20 social e-commerce companies in Southeast Asia have announced new capital injections. (E-commerce News)
8. TikTok and Canadian e-commerce Shopify expand partnership
March 16th news, TikTok and Canadian e-commerce Shopify said they will continue to expand cooperation to allow customers to shop directly within the TikTok app. TikTok is providing functional tests for shopping within the TikTok app for some Shopify companies in the United States, the United Kingdom and Canada. It is reported that in this new partnership, Shopify marketers participating in project testing will be able to add new shopping options on the profile page and synchronize product catalogs to create a mini store on the profile interface. (E-commerce News)
9. Indian e-commerce investment and acquisition service provider UpScalio receives US$15 million in financing
March 17th news, UpScalio recently raised US$15 million through debt and equity financing before the B round, led by the UAE Gulf Islamic Corporation (GII), with lenders including Northern Arc and United participating. UpScalio is an investment service provider in India. By cooperating with digital brands on e-commerce websites, it has become an investor and operator of its e-commerce brands. (Daily Investment Express)
10. Pakistani retail e-commerce platform Bazaar completed US$70 million Series B financing
March 17th news, Bazaar recently announced that it had completed a US$70 million B round. Tiger Global and Dragoneer led the investment. Incumbents including Indus Valley Capital, Defy Partners, Acrew Capital, Wavemaker Partners, B&Y Venture Partners and Zayn Capital also participated in the new round of financing, bringing the one-and-a-half-year startup to more than $100 million. Bazaar is a retail e-commerce platform in Pakistan that supports small and medium-sized retailers that form the backbone of Pakistan’s retail, and is serving 750,000 merchants in 400 towns and villages (Daily Investment Express)
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