Morning News: Douyin APP launches the "Application Center" function; ZTO Express's revenue in Q3 2022 was 8.945 billion yuan in net profit increased by 63.1% year-on-year; Kuaishou has imposed a total of 398,000 counterfeit accounts; U.S. e-commerce sales exceeded one trillion US dollars from Q2 2021 to Q1 2022; China Post released its 2022 FIFA World Cup postage product...
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1. Yamato: JD Logistics’ profitability improvement rating “Buy”
Yamato raised JD Logistics' revenue forecast for this year by 9% to reflect Debang Logistics' higher tribute, and predicted that non-international financial reporting standards will be recorded in 2022, reiterated its "buy" rating, and the target price will remain at HK$20. The Yamato report pointed out that the impact of the new crown epidemic on JD Logistics integrated supply chain logistics business will continue in the third quarter, but management predicts that the recovery of retail sales and the improvement of COVID-19 control will help enhance the company's customer business confidence. It is expected that JD Logistics' total revenue will record low double-digit growth in the fourth quarter, and next year's IS revenue can also improve with the adjustment of epidemic prevention measures. (E-commerce News)
2. Kuaishou has imposed a total of 398,000 counterfeit accounts
On November 21, Kuaishou platform found that some accounts have been impersonating others to attract traffic, maliciously increase fans, and even monetizing and making profits. Such behavior infringes on the legitimate rights and interests of others and greatly affects the user's experience. The platform will continue to crack down on such violations, verify counterfeit accounts through technical means and manual review, and impose penalties on relevant accounts based on the violations, such as banning actions and permanent banning of accounts. Up to now, the platform has imposed a total of 398,000 counterfeit accounts. Kuaishou resolutely resists unhealthy practices and cracks down on all kinds of bad behaviors. (Kuaishou Blackboard Newspaper)
3. The "Application Center" function is launched on Douyin APP
On November 22, Tech Planet exclusively learned that a function called "Application Center" has been launched in the Douyin APP. It is reported that the "Application Center" can search for current mainstream application products and game products, and can be downloaded, which looks like an application store. At present, in the application center, relatively limited products and games can be downloaded, including mainstream products from Alibaba, Tencent, Baidu and other companies. Each application will display the version number and the development company. After downloading, you can install it directly and check the application installation status in the download management office. (Tech Planet)
Internet news
4. ZTO Express's revenue in Q3 2022 was 8.945 billion yuan in net profit increased by 63.1% year-on-year
According to news on November 22, ZTO Express released its unaudited financial results for the third quarter of 2022 this morning. According to the financial report, in the third quarter of 2022, ZTO Express's revenue was 8.945 billion yuan, an increase of 21.0% from RMB 7.391 billion in the same period of 2021; gross profit was 2.444 billion yuan, an increase of 55.9% from RMB 1.568 billion in the same period of 2021; net profit was 1.895 billion yuan, an increase of 65.1% from RMB 1.148 billion in the same period of 2021; adjusted net profit was 1.873 billion yuan, an increase of 63.1% from RMB 1.148 billion in the same period of 2021. In the third quarter of 2022, ZTO Express's parcels were 6.368 billion, an increase of 11.7% from 5.7 billion in the same period in 2021. ZTO Express expects that the company's annual parcel volume in 2022 will be in the range of 24.3 billion to 24.74 billion pieces, a year-on-year increase of 9% to 11%. (E-commerce News)
5. Qudian's revenue in the third quarter of 2022 was 110 million yuan
According to November 21, Qudian announced its unaudited financial results for the third quarter of 2022. The revenue cost was RMB 236.2 million, an increase of 125.9% compared with RMB 104.6 million in the same period last year; sales and marketing expenses were RMB 176.8 million, an increase of 437.7% compared with RMB 32.9 million in the same period last year; R&D expenses were RMB 17.4 million, a decrease of 56.6% compared with RMB 40.1 million in the same period last year. As of September 30, 2022, Qudian had 3.0029 billion yuan in cash and cash equivalents and 224.4 million yuan in restricted cash. As of today, the company has completed a total share repurchase of approximately US$591.3 million. (E-commerce News)
6. China Post Releases Postage Products for 2022 FIFA World Cup
On November 21, the official authorized product series press conference of China Post 2022 FIFA World Cup was successfully held at the Beijing Sports Post Office recently. The 2022 Qatar FIFA World Cup postage product was released at the meeting. The postage products for the 2022 Qatar FIFA World Cup issued by China Post include three products: "Victory Honor 2022 Qatar FIFA World Cup Memorial Set", "Victory Honor 2022 Qatar FIFA World Cup Collection", and "Victory Honor 2022 Qatar FIFA World Cup Memorial". (Financial Market Weekly)
7. JD Auction Launches Suqian Bankruptcy Enterprise Asset Information Platform
On November 21, the Suqian Intermediate People's Court, together with the Suqian Municipal Bureau of Commerce and JD Auction, jointly held the launch ceremony of the Suqian bankrupt enterprise asset information platform. When the bankruptcy administrator disposes the assets publicly, he may enter bankruptcy information such as the project location, construction land area, supporting facilities, industrial direction, and asset ownership status into JD.com's bankruptcy management system. JD Auction will create a special asset disposal session based on the category, quantity, scale, regional distribution and other conditions and simultaneously launch it to the Suqian bankrupt enterprise asset information platform. At the same time, JD Auction will share platform information with Suqian Intermediate People's Court and Suqian Municipal Bureau of Commerce. (China.com Technology)
Cross-border information
8. Alibaba International Station: The World Cup has driven the number of global football shoes to increase by 100% year-on-year
Affected by the World Cup, from September to November, football, football shoes, football uniforms, football training equipment and peripheral products related to the World Cup became the search keywords of Alibaba International Station. Among them, the number of global buyers of football shoes increased by nearly 100% year-on-year, trophy medals increased by 126% year-on-year, and football goalkeeper gloves increased by 323% year-on-year. Data from Alibaba International Station shows that among the top ten products with the increase in the number of buyers this year, the living room sofa and various flags are among the top ten products related to the World Cup, with popularity growth reaching 368% and 335% respectively. (NetEase Technology)
9. Dunhuang.com’s “Black Five Network One” promotion will start on November 22
The "brand area" will also become the most concerned focus of overseas consumers during the "Black Five Network One" promotion. Dunhuang.com specially launched a "48-hour shipping special session" during this "Black Five Network One" promotion. Dunhuang.com Group’s intelligent logistics platform, Tuo Feixia DHLink, also launched a World Cup dedicated line, promising a 90% investment rate in 15 working days, and is responsible for delayed refunds and lost compensation. (Dunhuang.com)
10. U.S. e-commerce sales exceeded US$1 trillion from Q2 2021 to Q1 2022
MarketPlace Pulse said that according to forecasts before 2020, the U.S. e-commerce sales exceeding one trillion will appear as early as 2024, and now this goal has been achieved two years ahead of schedule. Growth in U.S. e-commerce sales may drop to single digits for the first time in 2022. The current U.S. e-commerce sales are 25% higher than the previous forecast. The growth rate of total spending in the U.S. retail industry has exceeded online retail, and the current e-commerce sales in the U.S. are higher than forecasts, but the penetration rate of the e-commerce market is still at the pre-epidemic level. (E-commerce News)
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