#Laogao E-commerce Newsletter# [March 24 E-commerce Morning News]

Morning news: Tencent Holdings' 2021 annual financial report: The per capita usage time of video numbers doubled year-on-year; Douyin released the February beautiful cities list: Chongqing, Shanghai and Shenzhen ranked in the top three on the list; Pinduoduo's 2022 New National Trend Consumer Report: The number of domestic products increased by 530% year-on-year; Shopee Indonesian site product value-added tax will be changed to 11% from April 1; Amazon announced the opening of the largest distribution center in western Japan in Amagasaki...

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E-commerce newsletter

1. Tencent Holdings' 2021 Annual Financial Report: The per capita usage time of video numbers doubled year-on-year

According to March 23, recently, Holdings released the fourth quarter and full year of 2021. The report shows that in the past year, as WeChat’s content becomes more diversified and product experience continues to improve, the per capita usage time and total video playback volume of video accounts have more than doubled year-on-year. (Yibang Power)

2. Pinduoduo 2022 New National Trend Consumption Report: The number of domestic products increased by 530% year-on-year

3月23日消息，拼多多近日发布的《2022多多新国潮消费报告》显示，截至2021年12月31日，拼多多平台国货品牌的入驻数量同比增长超过270%，并先后涌现出327个过亿品牌，包括50多个过亿的老字号品牌、30多个过亿的新国潮品牌。入驻平台的国货商品数量同比增幅达到530%。在新国货的消费区域中，新一线和二三线城市的增幅最为显著，订单规模占比超过全国的50%。在县城和农村地区，国货订单金额增长130%。（电商报）

3. Douyin released the list of beautiful cities in February: Chongqing, Shanghai and Shenzhen ranked in the top three on the list

In February 2022, Chongqing, Shanghai and Shenzhen were still in full swing, firmly controlling the top three in the list of Beautiful Cities. Among them, Chongqing ranked first on the list with its super high online prosperity. Catering and food drove the rise of Chongqing's online prosperity, fully demonstrating the popularity of Chongqing food on Douyin. Shenzhen, the first-tier city of Pengcheng, ranked third on the list with its veritable strength, but in the short term, it still needs to make great efforts to surpass Shanghai in terms of online prosperity. Wuhan and Zhengzhou, which were newly listed in January, gained a foothold, but their prosperity decreased compared with last month. (E-commerce News)

4. Most popular Chinese stocks closed higher on Wednesday and Secoo rose nearly 16%.

According to reports on March 24, most popular Chinese stocks closed higher on Wednesday. Among them, Secoo rose nearly 16%, Manbang rose more than 12%, Youxin rose more than 8%, BOSS Direct Recruitment and Yixian E-commerce rose more than 4%, Pinduoduo rose nearly 4%, Daily Youxian and Monster Charging rose more than 3%, Zhaopinwuyou and Dingdong Maicai rose more than 2%, Alibaba rose nearly 2%, and Vipshop rose nearly 1%. At the same time, Best Group fell by more than 4%, Tuniu fell by nearly 4%, and Autohome fell by more than 1%. (E-commerce News)

Internet news

5. BOSS Direct Recruitment's revenue in 2021 was 4.2591 billion yuan, with monthly active users of 27.1 million.

According to March 23, Boss Direct Recruitment released its fourth quarter and full-year financial report for 2021 ended December 31 today. In the fourth quarter, revenue was 1.0907 billion yuan, an increase of 69.1% from 645.1 million yuan in the same period in 2020. Net profit was RMB 233.1 million, while net loss of RMB 529.5 million in the same period in 2020. In accordance with US General Accounting Standards, the adjusted net profit was RMB 852.6 million, while the adjusted net loss in 2020 was RMB 284.7 million. (E-commerce News)

6. Tencent's revenue in 2021 increased by 16% year-on-year

According to reports on March 23, Tencent released its 2021 annual financial report data today. During the reporting period, Tencent's net profit under non-international accounting standards reached 123.788 billion yuan, an increase of 1% year-on-year. Revenue reached 560.1 billion yuan, a year-on-year increase of 16%. Tencent pointed out in its financial report that the increase in financial technology service revenue reflects the increase in commercial payment amounts. At the same time, the digitalization of traditional industries and the videoization trend of the Internet industry have driven the rapid growth of corporate service revenue. As of the end of 2021, the number of monthly active accounts of WeChat and WeChat reached 1.2682 billion, a year-on-year increase of 3.5%; the number of registered accounts of paid value-added services reached 236.3 million, a year-on-year increase of 7.7%. (E-commerce News)

Cross-border information

7. Walmart cooperates with Angi to launch assembly services including more than 150 family projects

March 23rd news, according to foreign media reports, Walmart and Angi have launched a new service aimed at providing buyers with assembled furniture, TV stands and other parts installation services. The new service includes more than 150 common home projects, including flooring, paint, plumbing, electrical, TV installation, furniture installation and assembly services. The service was originally launched in mid-February and will soon cover Walmart's 4,000 stores in the United States. Now Angi's services have appeared on the Walmart website, providing loading, unloading and repair services for some products. (E-commerce News)

8. Shopee Indonesian site product value-added tax will be changed to 11% from April 1

According to March 23, Shopee recently issued an announcement stating that it will update the value-added tax rate on March 24, 2022, and will uniformly adjust the commodity prices at the front desk of Indonesian sites. The announcement disclosed that according to the regulations of the Indonesian government, the value-added tax will be changed from 10% of the original tax rate to 11% for goods that arrive at Indonesia's customs clearance from April 1, 2022. The tax rate adjustment will be borne by the buyer. The seller does not need to change the price or pay any fees by himself. The seller can adjust the marketing tools such as coupons, purchase discounts, and set discounts at his discretion. (E-commerce News)

9. Amazon announces opening the largest distribution center in western Japan in Amagasaki

According to reports on March 23, on March 22 local time, Amazon announced that it had opened a large distribution center in Ahrasaki, western Japan, which will bring more than 2,000 jobs to Ahrasaki and surrounding areas. According to reports, the new distribution center also introduced Amazon robotics technology. Once put into use, the distribution center will give Amazon's product storage capacity in Japan over 15 million cubic feet, and as product storage capacity increases significantly, distributors across Japan will be able to deliver products to more customers across the country. (E-commerce News)

10. Lazada Li Chun: Southeast Asian digital companies should not build "walled" applications

"We should work together to build an open network in this digital economy, rather than a walled super application or platform, and all participants should focus on the areas they do best." Li Chun said that all participants "will not forget to cooperate while competing to provide the best choice for consumers and sellers in their focus areas." According to reports, the Lazada platform currently has more than 1 million active sellers and 150 million users. (E-commerce News)