Morning News: Alibaba's Q2 revenue in fiscal year 2023 was 207.18 billion yuan adjusted net profit of 33.82 billion yuan; Amazon CEO said that the major layoffs will continue until 2023. The number of people has not yet been determined; Yixian E-commerce will release its third-quarter 2022 financial report before the US stock market on November 22; Daraz's Double 11 report was released: Bangladesh's site sales increased by 986%; Douyin's "Case for Helping Rural Talent Training" and other projects were selected as the best "global poverty reduction case"...
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E-commerce newsletter
1. TikTok’s “Case of Helping Rural Talent Training” and other projects were selected as the best “Global Poverty Reduction Cases”
On November 18, the 2022 Global Poverty Reduction Partners Seminar was recently held in Beijing to contribute Chinese wisdom and Chinese solutions to the world's poverty reduction cause. The meeting announced 104 award-winning poverty reduction cases. It is understood that the "TikTok Helps Rural Talent Training Cases" mainly includes two parts: "Rural Guardian" and "Rural Talent Plan". Among them, the "Rural Guardian" project aims to discover local rural creators through professional training and targeted support, and encourage them to create long-term content around rural beauty, food specialties, special folk customs, production and labor. (China.com Technology)
2. The growth rate of GMV in Tencent Huiju reached 170% on Double 11
According to news on November 17, during this year's Double 11, I lived in Tencent Huiju GMV, an increase of 170% year-on-year compared with last year's Double 11, and the order volume increased by 127%. It is reported that during Double 11, Benlai Life and Huiju platform were linked to the public and private domains. Benlai Life’s official video account planned a 4-day Huiju live broadcast. Huiju platform promotes and promotes Benlai Life live broadcast and popular products through multiple channels to achieve good interactive cooperation. During Double 11, the sales of Jinpin durian, the popular gold pillow, this year, increased by 975% year-on-year compared with last year's Double 11. (Yibang Power)
Internet news
3. Dada Group's total revenue in Q3 was 2.38 billion yuan. The number of active consumers on the JD Daojia platform reached 75.4 million.
According to November 18, Dada Group released its third quarter results for 2022 today. In addition, in the third quarter, JD.com's LTM GMV reached RMB 58.9 billion and its year-on-year increase of 58%, and its direct profit margin continued to increase on the basis of the positive turn in the second quarter. In the 12 months ended September 30, 2022, the number of active consumers on JD.com's Daojia platform reached 75.4 million, and the number of active consumers in the same period ended September 30, 2021 was 57.1 million. (Dada Group Blackboard Newspaper)
4. Alibaba's local life business revenue in Q2 2023 was 13.073 billion yuan year-on-year.
According to November 17, Alibaba released its second quarter financial report for the 2023 fiscal year. According to the financial report, Alibaba's revenue for the quarter was RMB 207.176 billion, a year-on-year increase of 3%; operating profit was RMB 25.137 billion, a year-on-year increase of 68%; adjusted net profit was RMB 33.82 billion, a year-on-year increase of 19%. The local life service branch's adjusted EBITA for the three months ended September 30, 2022 was a loss of 3.493 billion yuan, compared with a loss of 6.535 billion yuan in the same period in 2021, mainly due to the continued narrowing of business losses. The narrowing of the loss of the "destination" business is due to the growth of Gaode's orders and the investment in optimizing user acquisition. (Alibaba official)
5. Yixian E-commerce will release its third quarter financial report for 2022 before the US stock market trading on November 22
On November 17, Perfect Diary’s parent company Yixian E-Commerce recently announced that it will release its unaudited financial results for the third quarter of 2022 before the opening of the US market on Tuesday, November 22, 2022. Previously, Yixian E-Commerce had predicted that the total net revenue in the third quarter of 2022 will reach 738.4 million yuan to 872.7 million yuan, a year-on-year decline of 35% to 45%, mainly due to the continued weak market demand for cosmetic products. In 2020, the scale of Yixian E-commerce DTC consumer scale reached about 32.3 million. In November 2020, Yixian E-commerce was officially listed on the New York Stock Exchange, becoming the first Chinese beauty group to list on the US stock market. (Yixian E-commerce official)
6. Alibaba's Q2 revenue in fiscal year 2023 was 207.18 billion yuan adjusted net profit of 33.82 billion yuan
According to November 17, Alibaba released its second quarter financial report for the 2023 fiscal year. According to the financial report, Alibaba's second-quarter revenue was 207.176 billion yuan, a year-on-year increase of 3%. Operating profit was RMB 25.137 billion, a year-on-year increase of 68%; adjusted EBITA increased by 29% year-on-year to RMB 36.164 billion; net loss was RMB 22.467 billion, while net profit in the same period in 2021 was RMB 3.377 billion; adjusted net profit was RMB 33.82 billion, a year-on-year increase of 19%. The adjusted diluted earnings per American depositary share was RMB 12.92, a year-on-year increase of 15%; the adjusted diluted earnings per share was RMB 1.6, a year-on-year increase of 15%. The overall order volume of local life services increased by 5% year-on-year. (Alibaba official)
Cross-border information
7. Amazon encourages employees to voluntarily leave their jobs involving human resources and employee service departments
According to news on November 17, Amazon has been confirmed to start layoffs a few days ago. According to an internal Amazon document, Amazon encourages employees to sign voluntary resignation agreements, including human resources and employee services. In exchange for leaving the company, Amazon will provide severance payments to employees who voluntarily leave their jobs, which is equivalent to three months of salary, plus one week of salary for every six months of working at the company, the document shows. Amazon will notify employees next month that “their resignation has been accepted, and the last working day is December 23.” (CNBC)
8. Notes on the resale tickets of eBay Australia Station
On November 17, eBay Australia has put forward some precautions for ticket sellers of resale activities and reminded sellers to strictly abide by sales rules to avoid product removal. It is understood that normally, sellers can resell tickets to events such as concerts, dramas or sports as long as they comply with relevant local Australian laws. eBay reminds sellers to pay attention to the specific rules for selling tickets for event in New South Wales and Victoria on the eBay platform. (ebay official)
9. Amazon CEO says the major layoffs will continue until 2023.
This week, Amazon began notifying employees in some departments, including equipment and services, that they will be fired. It is worth noting that, according to an internal Amazon document, Amazon encourages employees to sign voluntary resignation agreements, including human resources and employee services departments. In exchange for leaving the company, Amazon will provide severance payments to employees who voluntarily leave their jobs, which is equivalent to three months of salary, plus one week of salary for every six months of working at the company, the document shows. (Global Market Report)
10. Daraz Double 11 report is released: Bangladesh site sales increase by 986%
On November 17, the 5th 11.11 shopping festival of South Asian e-commerce platform Daraz has come to an end recently, and the 11.11 war retribution has been released. Judging from the sales of sites in various countries, Bangladesh's site scored the top spot on 11.11, becoming the site sales champion. GMV increased by 1447%, sales increased by 986%, new users increased by 346%, visitors increased by 507%, and VS 2021 sales increased by 68%, of which cross-border sales increased by 178%. Sri Lanka’s site GMV increased by 853%, sales increased by 941%, new users increased by 276%, visitor numbers increased by 313%, and VS 2021 sales remained unchanged. (Daraz South Asia e-commerce platform)
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