#Laogao E-commerce Newsletter# [E-commerce Morning News on April 2]

Morning news: Meituan Maicai: Inventory is sufficient and stable, front-line personnel are making every effort to ensure their fulfillment; Kuaishou: Carry out the governance action of "marketing account raising and related apprenticeship recruitment teaching activities"; Dewu community is moving towards content videoization; Amazon launches voice ordering services for Prime members; Xinjiang Horgos launches the first cross-border e-commerce special train...

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E-commerce newsletter

1. Gome Retail's revenue in 2021 was 46.484 billion yuan and its loss narrowed by 37.06% year-on-year

According to April 1, Gome Retail released its annual results for the year ended December 31, 2021. According to the financial report, Gome Retail's sales revenue was approximately RMB 46.484 billion, an increase of 5.36% compared with RMB 44.111 billion in the same period last year; the comprehensive gross profit margin was approximately 14.40%, an increase of 2.24 percentage points from 12.16% last year, and gross profit increased by 21.03% from the same period in 2020 to approximately RMB 5.507 billion; Gome Retail's attributable loss attributable to the parent company owners was approximately RMB 4.402 billion, a decrease of 37.06% over last year; cash and cash equivalents were approximately RMB 4,378 million, an increase of 52.19 million compared with the same period last year. (E-commerce News)

2. Meituan Mall Greet: Inventory is sufficient and stable, front-line personnel are making every effort to ensure compliance

At the same time, Meituan Maicai is also continuing to strengthen logistics support, providing assistance to front-line anti-epidemic employees who are worried about epidemic prevention, isolation accommodation, living allowance, etc. It is reported that at present, Meituan’s grocery shopping product inventory has doubled, increasing the delivery vehicle and delivery frequency, and the inventory remains sufficient and stable. It is worth mentioning that Meituan Maicai is still continuing to provide material support to community residents and front-line personnel in the fight against the epidemic. Since March 17, nearly 3,000 customized material packages for medical staff purchased by Meituan Maijiao are continuing to be supplied to the front line. (E-commerce News)

3. Kuaishou: Carry out the governance action of "marketing account and related apprenticeship teaching activities"

The announcement pointed out that in "teaching", these accounts often teach and encourage users to find, transfer, edit, scrub, and batch modify unauthorized content or other creators' content in an attempt to evade the platform's handling of infringement. Kuaishou said that as of now, the platform has reviewed accounts involving related violations through technical means and manual review, and imposed penalties on violation users based on the severity of the violation and the violation scenarios, such as clearing the information of the violation user, restricting exposure, and banning the upload permissions of videos. A total of 843 illegal accounts were dealt with this time. (E-commerce News)

4. Ctrip helps Dingdong Maicai city delivery staff solve accommodation problems

According to April 1, Ctrip's business travel staff recently discovered that Dingdong Maicai has submitted a large number of travel booking needs recently. Ctrip Business Travel contacted the person in charge of Dingdong Maicai Travel as soon as possible to work together to solve the accommodation difficulties of delivery staff. After communication between the two parties, Ctrip Business Travel formed the "Dingdong Anti-epidemic Supply Guarantee Group" to unify and coordinate hotel resources, provide exclusive hotel procurement services for Dingdong Maicai, and strive to achieve "an immediate response when demand appears." As of March 31, Ctrip Business Travel has followed up on the purchase of 6 batches of group houses, allocating the accommodation requirements for nearly 2,000 Dingdong Maicai riders and warehouse staff, totaling 22,935 nights. (E-commerce News)

Internet news

5. Dewu Community Goes to Content Video

According to the person in charge of Dewu Community Operations, since Dewu launched the "Video Account" function on March 23, the number of video releases of Dewu users has increased by more than 6 times, and the video time users watch accounts for 70% of the overall usage time. The person in charge said that compared with other platforms that have built a mature video content ecosystem, Dewu’s move in the video field is not early, but it has strengthened the platform’s determination to support video account creators, and plans to use traffic exposure to cooperate with business orders and other support policies to help its platform video creators grow. So far, the event has accumulated 82,000 pieces of content. (E-commerce News)

6. YTO Intelligent Autonomous Express Car implements "contactless delivery" in Shanghai

It is understood that the unmanned vehicle can deliver express delivery and other materials to designated locations according to the set path and point, and trigger information to notify the recipient to collect it. It is mainly suitable for residential communities, business buildings, commercial areas, industrial communities and other places with internal roads. It is reported that this batch of unmanned vehicles can carry about 500 kilograms of cargo each time, and the vehicle's range is 100 kilometers, which can basically achieve multiple operations throughout the day. (E-commerce News)

Cross-border information

7. Cross-border home e-commerce Zhiou Technology restarts IPO, and 70% of its revenue depends on Amazon

According to Blue Whale Finance, the Shenzhen Stock Exchange recently resumed the issuance and listing review of Zhiou Technology. As early as June 2021, Zhiou Technology submitted its first application for listing on the GEM, but it was forced to suspend it three months later due to expired financial information. In December of the same year, the company updated its financial data and restarted the IPO process. Zhiou Home Furnishing Technology Co., Ltd. was established in 2010 and is mainly engaged in the research, development, production and sales of its own brand home products. It uses online B2C platforms such as Amazon and eBay to sell them to countries and regions such as Europe, North America and Japan. Among the online B2C channels, sales achieved through the Amazon platform account for 89.32%, 81.13%, 71.8% and 69.31%. (E-commerce News)

8. Amazon launches voice ordering service for Prime members

April 1 news, Amazon announced today that it will launch a voice ordering service for Prime members using its Alexa voice assistant. Currently, Amazon Prime users in the United States can use Amazon Echo smart speakers that support Alexa voice to set up 24-hour message notifications for the products you want to purchase, including wish lists, shopping carts or purchased items. It is understood that when users use this feature, a yellow ring light or pop-up notification will appear on Amazon Echo devices. In addition, users can also track order status and estimated delivery time by asking questions. (E-commerce News)

9. Alipay+ global cross-border payment solution under Ant Group is implemented in San Marino

On April 1, on March 30, the global cross-border payment solution of Ant Group was officially launched in San Marino. As a result, more than a dozen Asian e-wallets were able to connect to Europe with Alipay+ for the first time. In the future, more than 90% of domestic merchants in San Marino will use this innovative service, which can serve more than 1 billion consumers. It is understood that in 2020, Ant Group proposed the Alipay+ global cross-border payment solution for the first time, aiming to build cross-border payment capabilities with cutting-edge mobile payment technology and help global merchants access multiple digital payment methods at one time. (E-commerce News)

10. Xinjiang Horgos first launches cross-border e-commerce special train

According to reports on April 1, it was reported that on the 1st, the first cross-border e-commerce train composed of goods from Horgos, Xinjiang, completed customs declaration and left the country, and headed to Kazakhstan and Russia. It is understood that in the past, cross-border e-commerce trains mainly started from domestic coastal cities and transferred to Horgos. The cross-border e-commerce goods that were out of this country were shipped from Horgos, carrying a total of 41 containers, mainly clothing, department stores, as well as tiles, tomato sauce, and condiments from Xinjiang real estate. The total weight is 1,025 tons and the value of the goods is US$5.6 million. (E-commerce News)