#Laogao E-commerce Newsletter# [November 30 E-commerce Morning News]

Morning News: Liu Qiangdong said that weak people cannot make great companies; Baozun E-commerce's revenue in Q3 2022 was 1.741 billion yuan GMV of 18.632 billion yuan; Kuaishou: plans to grant a total of 3.0682 million share options for subscribed shares; Suning.com adjusts the "expensive compensation" policy for third-party merchants; Bilibili announced its Q3 financial report: daily active users exceeded 90 million average daily usage time of 96 minutes...

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E-commerce newsletter

1. Liu Qiangdong said that weak people cannot achieve great companies

According to news on November 30, Liu Qiangdong said that the leaders of all great companies must be strong. The basis of strength is self-confidence, ability, strategic vision, and execution ability. He does not think that a weak person can achieve great companies. (E-commerce News)

2. Kuaishou: Plan to grant a total of 3.0682 million share options for subscribed shares

On November 29, Kuaishou issued an announcement today that the company granted a total of 3.0682 million subscribed shares in accordance with the initial public offering after-sales equity plan. Each share option grants its holder the right to subscribe to 1 share at the exercise price of HK$54.8 per share when exercising the share option. (Kuaishou Technology Official)

3. Suning.com adjusts the "expensive compensation" policy for third-party merchants

On November 29, Suning.com recently issued a notice on the adjustment of rules such as "Suning.com's third-party merchants' "Present and Reimbursement Policy" (hereinafter referred to as the Announcement).

The announcement stated that in order to improve the business experience of merchants, optimize service products, and protect the legitimate rights and interests of consumers, the "Suning.com third-party merchants' "Present and Reimbursement Policy" and other rules have been adjusted. The adjustment of the rule will be announced on November 28, 2022. Acts that occur before the date of the entry into force of these rules shall be subject to the rules at that time; if they occur after the date of the entry into force of these rules, these rules shall be subject to the date of the entry into force of these rules. (Yibang Power)

Internet news

4. Baozun E-commerce's revenue in Q3 2022 was 1.741 billion yuan GMV of 18.632 billion yuan

On November 29, Baozun E-commerce issued an announcement today that in the third quarter of 2022, the company's total net revenue was 1.741 billion yuan, and its operating profit under non-GAAP was 16.9 million yuan, while its operating loss under non-GAAP was 84.3 million yuan in the same period last year. The operating profit margin under non-GAAP was 1%, and the operating loss rate under non-GAAP was 4.4% in the same period in 2021. Among them, the GMV generated by non-Tmall trading platforms and channels accounted for about 31.1% of the total GMV this quarter, compared with 34.0% in the same period in 2021. (Baozun E-commerce official)

5. Most popular Chinese stocks closed on Tuesday and rose by more than 22%.

According to news on November 30, most popular Chinese stocks closed up on Tuesday. At the same time, Secoo fell more than 32%, China Open line fell more than 17%, China North Energy fell more than 13%, Lanting Ji Shi fell more than 10%, Tuanche and China Green Agriculture fell more than 8%, Jinyang Education fell more than 7%, Sixiang Unlimited fell more than 6%, Huarui Clothing, e-Home Quick Service, Liandai Technology, Yangang Mingzhu fell more than 5%, Pupu Culture, Liantuo Biological, China Accelerator Holdings, Jianzhi Education, Xiaobai Mai Mai, Kuke Music, Yueshang Group, etc. fell more than 4%. (Global Market Report)

6. Bilibili announced Q3 financial report: Daily active users exceeded 90 million and average daily usage time of 96 minutes

According to November 29, Bilibili (NASDAQ: BILI, HKEX: 9626; hereinafter referred to as "B Station") released its unaudited financial report for the third quarter ended September 30, 2022. According to the financial report, Bilibili's revenue in the third quarter reached RMB 5.79 billion, an increase of 11% year-on-year. The average number of active users per day reached 90.3 million, and the average number of active users per month reached 333 million, both of which increased by 25% year-on-year.

In the third quarter, the expansion of high-quality content in the B station community and the creation of full categories and full scenario content ecology have promoted the further improvement of community activity. In this quarter, the average daily usage time for users reached 96 minutes, a record high, an increase of 8 minutes from the same period last year. At the same time, the total user usage time this quarter increased by 37% year-on-year.

B站董事长兼首席执行官陈睿表示：“第三季度，我们的业务保持稳健增长，日均活跃用户数同比增长25%，突破9000万，进一步提升了平台影响力和商业化潜力。同时，用户粘性、活跃度持续上升，用户日均使用时长达96分钟，创历史新高。在实现营收增长的同时，我们的毛利率环比进一步提升，亏损显著收窄。面对宏观环境的挑战，我们将加速商业化进程，聚焦业务的高效发展，严格控制费用开支，推动公司健康发展。本季度，市场及销售费用同比减少25%，净亏损同比大幅收窄36%，我们将继续严格控制费用，提升利润率，收窄亏损。”（亿邦动力）

7. BOSS Direct Recruitment's revenue in Q3 2022 was 1.179 billion yuan

On November 29, online recruitment platform Kanjun Co., Ltd. today announced its unaudited third-quarter results as of September 30, 2022. According to the financial report, BOSS Direct Recruitment's revenue in the third quarter was 1.1786 billion yuan, a year-on-year decrease of 2.7%; the average monthly active users were 32.4 million, an increase of 12.5% ​​from 28.8 million in the same quarter in 2021. In the 12 months ended September 30, 2022, the total number of paid corporate customers of BOSS directly hired was 3.7 million, a decrease of 7.5% from 4 million in the 12 months ended September 30, 2021; net income was 211.7 million yuan, a decrease of 26% from 286.2 million yuan in the same quarter in 2021; adjusted net income was 376.6 million yuan, a decrease of 2.2% year-on-year. (BOSS Direct Recruitment Official)

Cross-border information

8. Amazon cloud computing department plans to reduce global data center water use

According to reports, Amazon's cloud computing unit plans to reduce water use in its global data centers at a time when companies around the world are facing growing water shortages. AWS said Monday that by the end of the current decade, it will return water resources to communities that exceed the amount of water consumed by its direct operations. Its plans focus mainly on data centers in drought-prone areas such as California, South Africa, Indonesia and India, with measures including improving efficiency and recycling of water from cooling systems. More electricity often means more greenhouse gas emissions. (Interface News)

9. Klarna: Italian Black Friday online shopping sales increased by 130% year-on-year

According to reports on November 29, Klarna data showed that Italy's online sales on November 25 (Black Friday) increased by 879% compared with the average daily sales, an increase of 130% compared with the Black Friday sales in 2021.

During the November 21-24 period, Italian online sales increased by 204% compared with last year. Wednesday, November 23, reached an absolute peak, up 233% from the same period in 2021. Compared with the average day, online purchases on Black Friday increased significantly, with clothing, footwear, electronics and entertainment being the most purchased categories on Black Friday. (E-commerce News)

10. TikTok Shop reaches collaboration with ChannelEngine, a Dutch market integration platform

On November 29, ChannelEngine, a Dutch market integration platform, has established a partnership with TikTok Shop.

It is understood that TikTok has problems with its social e-commerce business in Europe. TikTok hopes to help it develop its business in Europe by cooperating with ChannelEngine and other e-commerce companies.

ChannelEngine, a Dutch market integration platform, owns 8,100 brands and sells on more than 250 platforms. In March this year, the platform also raised more than 45 million euros in growth capital. (E-commerce News)