#Laogao E-commerce Newsletter# [E-commerce Morning News on January 31]

Morning information:

1. Yaowang Technology expects to lose up to 255 million yuan in 2022, and the live e-commerce GMV is about 15 billion yuan;

2. 1688 research report: 60% of merchants predict that business growth will exceed 10% in 2023;

3. Suning.com: It is expected that the GMV will reach 111.3 billion yuan in 2022 and its revenue will reach 73 billion yuan;

4. JD.com responded to closing its Thailand and Indonesian stations: investing in cross-border supply chain infrastructure;

5. Manu Kumar Jain, global vice president of Xiaomi Group, resigned...

Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Yaowang Technology expects to lose up to 255 million yuan in 2022, and the live e-commerce GMV is about 15 billion yuan.

According to reports on January 31, Yaowang Technology released its performance forecast, and it is expected that the net profit attributable to shareholders of listed companies will be a loss of 170 million yuan to 255 million yuan in 2022, a year-on-year decrease of 63.57% to 75.71%. During the reporting period, the company achieved a total operating income of approximately RMB 9.49 billion, a decrease of approximately RMB 1.4 billion from the same period last year, a decrease of approximately 13% year-on-year; expense expenditure was approximately RMB 5.7 billion, an increase of approximately RMB 250 million from the same period last year, a decrease of approximately 4.6% year-on-year. After considering the impact of the amortization expenses of 51.47 million yuan in equity incentive plans during the reporting period, the Internet marketing business, mainly based on its subsidiary Yaowang Network, is expected to achieve a net profit of approximately 270 million yuan throughout the year. (Yaowang Technology)

2. Suning.com: It is expected that the GMV will reach 111.3 billion yuan in 2022 and the revenue will reach 73 billion yuan.

According to January 30, Suning.com released its 2022 annual performance forecast. In the past year, Suning.com's core home appliance 3C business is expected to have EBITDA of 2.28 billion yuan for the whole year, an increase of about 162% compared with the same period last year. According to the announcement, Suning.com expects annual GMV scale to reach 111.3 billion yuan in 2022 and revenue will be 73 billion yuan. Without taking into account the influence of non-operating cash flow-related factors, the company continued to achieve EBITDA profits in the four quarters of 2022, with an estimated annual output of 1.52 billion yuan, of which the core home appliance 3C business is expected to have EBITDA of 2.28 billion yuan throughout the year, an increase of about 162% compared with the same period last year, and the profit recovery trend is positive. (Suning.com)

3. 1688 Research Report: 60% of merchants predict that business growth will exceed 10% in 2023

According to a report on January 30, a research report from 1688 showed that during the Spring Festival, the orders of source merchants on the platform increased significantly year-on-year, and more than 60% of merchants believe that this year's business will achieve a year-on-year growth of more than 10%.

The research report also shows that e-commerce wholesale has become the main source of growth for new orders and new customers of the source merchants. 40.67% of the merchants surveyed said that they take into account both retail and wholesale, and do it online and offline, but their business contribution in 2022 mainly comes from online wholesale. (Economic Network)

Internet news

4. Renrenche has been resumed for execution of 19.88 million

According to the news on January 31, Tianyancha App showed that recently, Beijing Shanyi Shanmei Technology Co., Ltd. and Beijing Renrenche's old motor vehicle brokerage Co., Ltd. added new execution information, with the execution target of more than 19.88 million yuan. The execution court is the Beijing Third Intermediate People's Court, and the related cases are the relevant applications of Beijing Shanyi Shanmei Company and Beijing Paiweixing Internet Technology Co., Ltd. to revoke the arbitration award. (Tianyan Check)

5. Meituan closes Lanzhou electronic bus card recharge portal

On January 30, the official account of Lanzhou Bus Group recently issued an announcement, showing that Lanzhou electronic bus card will stop recharge services. The announcement stated that due to Meituan's adjustment of its bus business, the Lanzhou Electronic Bus Card on the Meituan APP will close the recharge portal from 24:00 on January 28, 2023, and subsequent users will be unable to recharge Lanzhou Electronic Bus Card in Meituan. The user's recharged balance in the Lanzhou electronic bus card can continue to use the bus in Lanzhou until 24:00 on April 30, 2023. Meituan will apply for online refunds for users within 10-20 working days after the Lanzhou electronic bus card is discontinued. (People's Daily)

6. Manu Kumar Jain, global vice president of Xiaomi Group, resigns

On January 30, Xiaomi Group’s global vice president Manu Kumar Jain resigned. Previously, he joined Xiaomi in 2014 and served as the leader of Xiaomi's India business for a long time. Manu Kumar Jain announced on January 30 that he would leave the company, who had worked at Xiaomi for nine years. He said that Xiaomi has a strong leadership team around the world and hopes that Xiaomi’s global team can achieve greater success in the future. (Interface News)

7. SF Holdings released its 2022 performance forecast for net profit expected to increase by 42%-46% year-on-year

According to reports on January 30, SF Holdings released its 2022 annual performance forecast. The net profit attributable to shareholders of listed companies is expected to be RMB 6.05 billion to RMB 6.25 billion, a year-on-year increase of 42% to 46%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is expected to be RMB 5.25 billion to RMB 5.45 billion, a year-on-year increase of 186% to 197%. (SF Holdings)

Cross-border information

8. JD.com responds to closing stations in Thailand and Indonesia: Concentrate resources into cross-border supply chain infrastructure

According to reports on January 30, JD.com will close its e-commerce sites in Thailand and Indonesia in the near future. JD.com disclosed that in addition to Southeast Asia, self-operated warehouse networks have been deployed in the United States, Germany, the Netherlands, France, the United Kingdom, Poland, the United Arab Emirates, Australia and other places, mainly providing end-to-end solutions for local, cross-border and Chinese brands and merchants going overseas. Last year, JD.com's total cross-border network storage area increased by more than 70% year-on-year, and it has operated 90 bonded warehouses, direct mail warehouses and overseas warehouses around the world. TechWeb)

9. Amazon and Stripe expand partnership

According to January 30, Amazon is expanding its partnership with Stripe. Under the new agreement, Stripe will become Amazon's strategic payment partner in the United States, Europe and Canada, processing most of its payments for all Amazon's businesses, including Prime, Audible, Kindle, Amazon Pay, and Buy With Prime. In addition, Stripe will expand its use of Amazon Web Services to operate and grow its business while serving millions of Internet companies. It is reported that Amazon first began using Stripe in 2017 to accelerate market expansion in Asia and Europe, and supports payment services for millions of Prime membership days, Black Friday and Cyber ​​Monday shopping around the world. (PYMNTS)

10. Cudoni, a second-hand luxury resale platform, completed a new round of financing, and eBay led the investment

eBay is reportedly seeking to expand its position in the resale market. The company has invested £7.5 million (€8.5 million) in the second-hand luxury resale platform Cudoni to help it complete its Series A+ financing. In addition to eBay, The Daily Mail Group Ventures and retail consultant Andrew JenningsCudoni were also involved in this round of funding. Since 2017, Cudoni has raised €14.3 million. It is reported that Cudonii will use most of the funds from this round of financing to marketing and strengthen its sales team. As of now, the platform has more than 4,000 brands of products, including clothing, handbags, jewelry and watches. According to reports, eBay hopes to use the investment to further expand its position in the resale market. In recent years, the second-hand fashion market has seen explosive growth. Many online markets are also entering this field, such as Hugo Boss, Farfetch and Lululemon. (ENECNEWS)