Morning News: JD Group plans to hold a board meeting on May 16 to approve the first quarter results; Pinduoduo releases its 2021 annual report: Net profit of 13.8 billion yuan, Huang Zheng holds 27.9% of the shares; international beauty brand Lanzhi joins Kuaishou e-commerce; eBay's net revenue in Q1 2022 was US$2.483 billion; Amazon will create 2,500 jobs at the Southern California Technology Center...
Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.
E-commerce newsletter
1. JD Group plans to hold a board meeting on May 16 to approve the first quarter results
On May 4, JD.com announced that the company's board of directors will hold a meeting on May 16, 2022 to approve related matters, including the approval of unaudited quarterly results and their announcements for the three months ended March 31, 2022. The company will upload the first quarter results announcement for 2022 to the Hong Kong Stock Exchange after trading hours on the Hong Kong Stock Exchange on Tuesday, May 17, 2022 and before the opening of the US market. (E-commerce News)
2. Pinduoduo releases its 2021 annual report: Net profit of 13.8 billion yuan Huang Zheng holds 27.9% of the shares
According to the May 4th news, the FORM 20-F annual report submitted by Pinduoduo to the U.S. Securities and Exchange Commission recently showed that Pinduoduo's total revenue in 2021 was 93.9499 billion yuan, an increase of 58% compared with 59.4919 billion yuan in 2020. The net profit attributable to Pinduoduo's common shareholders was 7.7687 billion yuan, while the net loss in 2020 was 7.1797 billion yuan. In the same period last year, Huang Zheng also held 1,409,744,080 Class A common shares, but accounted for 28.1%. (E-commerce News)
3. International beauty brand Lanzhi has entered Kuaishou e-commerce
On May 3, according to the official WeChat account of Kuaishou E-commerce, recently, the internationally renowned brand LANEIGE Lanzhi officially announced its entry into Kuaishou E-commerce, becoming another internationally renowned beauty brand introduced since Kuaishou E-commerce’s “big branding” strategy. On April 30, Lanzhi Kuaishou’s official flagship store launched an interactive live broadcast with Kuaishou’s official account, Kuaishou Store, which has 200 million fans, and gave benefits to instantly sell fans. In the future, Lanzhi Kuaishou’s official flagship store will be broadcast live from 17:00 to 23:00 every day to share skin care experience. Under the strategy of Kuaishou E-commerce’s “big brand development”, Kuaishou E-commerce established a KA brand team in the second half of 2021. (E-commerce News)
4. Bilibili's dual major listing application has been confirmed by the Hong Kong Stock Exchange
On May 4, Bilibili recently issued an announcement announcing that the company has applied to the Stock Exchange for the proposed conversion, and on April 29, 2022, the company received confirmation from the Stock Exchange for the proposed conversion application. After the effective date, Bilibili will be listed on the Hong Kong Stock Exchange and the Nasdaq in the United States. "Double Listing" means that the same company is listed on two different stock exchanges. Previously, Bilibili issued an announcement on the Hong Kong Stock Exchange on March 16, stating that it would strive to voluntarily convert to dual listing on the main board of the Hong Kong Stock Exchange. (E-commerce News)
Internet news
5. Qunar May Day Big Data: Camping tourism product bookings increased by more than 3 times
The growth of camping users in Guangdong, Shenzhen, Hunan, Zhejiang and Jiangsu has been rapid, with the highest increase of 3 times compared with the previous week. According to Qunar's big data, the number of hotel searches in Ganzi, Aba, Qiannan, Diqing, Zhangjiajie and other places increased by more than 5 times during the May Day holiday. Judging from the hotel booking volume, from April 27 to May 2, the average increase of more than 1 times 6 days ago, and the top three booking volumes are Ganzi, Leshan and Aba. Among them, Ganzi had the highest increase, exceeding 300%. (E-commerce News)
6. Fliggy May Day Consumption Observation: Local high-star hotel orders rose by 90%
According to the May 4th news, the May Day travel consumption trend observation released by Fliggy today showed that in low-risk areas, the proportion of local travel orders accounts for more than 80%. According to Fliggy data, the number of orders for booking high-star hotels on May Day increased by 90% month-on-month, and the number of orders for rural homestays increased by 120%. During the May Day holiday, the number of orders for outdoor projects such as cycling, hiking, mountaineering, and diving doubled compared with the same period last month. The number of local car rental orders on May Day increased by 145% year-on-year, with an average car rental cycle of 2-3 days. (E-commerce News)
Cross-border information
7. eBay's net revenue in Q1 2022 was US$2.483 billion
According to May 5, on May 4 local time, eBay released the company's first quarter financial report for fiscal year 2022. eBay's first-quarter performance exceeded Wall Street analysts' previous expectations, but its performance outlook for the second quarter and full-year fiscal year 2022 failed to meet expectations, resulting in its after-hours stock price falling nearly 6%. (E-commerce News)
8. Amazon will create 2,500 jobs at the Southern California Tech Center
According to May 4, on May 3 local time, Amazon announced that it plans to create more than 2,500 technical jobs in many cities in California in the next few years. The company will expand its tech centers in the San Diego and Los Angeles area, seeking to recruit local talent. “We have created more than 170,000 jobs across the state and are committed to continuing to invest here,” said Hawley Sullivan, Amazon’s vice president of global economic development. Amazon's expansion in California will support the company's various teams, including retail, Amazon gaming, Amazon web services and operations. (E-commerce News)
9. Uber's revenue in the first quarter increased by 136% year-on-year
According to May 5, on May 4 local time, Uber, a US taxi service company, released its first quarter financial report for the 2022 fiscal year. eBay expects the company's net revenue to reach between $2.35 billion and $2.4 billion in the second quarter of fiscal 2022, down 7% to 9% year-on-year, with an average of $2.375 billion, which is less than analysts' expectations. (E-commerce News)
10. Cross-border e-commerce Shein launches environmentally friendly product line evoluSHEIN
On May 2, recently, China's cross-border fast fashion e-commerce platform Shein announced the launch of a new product line - evoluSHEIN, which will be sold globally from April 29. It is understood that the first clothing released by evoluSHEIN will use recyclable polyester fiber as the raw material, a fiber extracted from plastic waste. Shein said evoluSHEIN is a market test and these innovative approaches will be adopted in more SHEIN series. evoluSHEIN product line first launches women's tops, dresses, bottoms and large-size products. Shein also plans to expand its product line to 1,500 SKUs by September 2022. (E-commerce News)
EN
CN
