Morning information:
1. Alibaba's third-quarter revenue increased by 2% year-on-year;
2. New Oriental Online: The net profit in the interim fiscal year 2023 was 585 million yuan, and the total revenue of the self-operated products and live e-commerce branch was 1.766 billion yuan;
3. Vipshop's revenue in 2022 was 103.2 billion yuan in active customers of 84.8 million;
4. JuRan Home will issue 100 million yuan in consumption coupons during the "3.15" period;
5. Walmart cancels the threshold for annual GMV investment for Chinese sellers...
Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.
E-commerce newsletter
1. Dingdong Maicai recruits "pre-made vegetable partners" for 5 billion yuan
On February 24, Dingdong Maicai announced at the "2023 Food Fresh Industry Supplier Ecological Summit" held recently that it will officially enter the era of "big healthy pre-made dishes 2.0", and has issued a "order" for pre-made dishes with a target scale of 5 billion yuan, recruiting "pre-made dishes partners" from the entire industry to help the pre-made dishes industry develop more standardized, standardized and healthy. (China Securities Journal·China Securities Network)
2. New Oriental Online: Interim net profit for fiscal year 2023 is 585 million yuan, total revenue of self-operated products and live e-commerce branches is 1.766 billion yuan
According to February 24, New Oriental Online recently released its 2023 interim report. In the first half of fiscal year 2023, New Oriental Online achieved revenue of 2.08 billion yuan, compared with 573.5 million yuan in the same period last year, a year-on-year increase of 262.7%; net profit was 585 million yuan, compared with a loss of 544 million yuan in the same period last year. During the reporting period, the total amount of commodity transactions of New Oriental Online Live E-commerce business was 4.8 billion yuan. As of the six months ended November 30, 2022, the company's total revenue of self-operated products and live e-commerce branches was 1.766 billion yuan, of which the total revenue of self-operated products exceeded 1 billion yuan. (New Oriental Online)
3. Vipshop's revenue in 2022 is 103.2 billion yuan in active customers 84.8 million
On February 23, China's online brand discount retailer Vipshop Holdings Co., Ltd. announced its quarterly and full-year unaudited financial results today ended December 31, 2022. The total net income for the whole year in 2022 was RMB 103.2 billion, compared with RMB 117.1 billion last year. The GMV in the fourth quarter of 2022 was RMB 54.4 billion, compared with RMB 570 billion in the same period last year. The number of active customers in the fourth quarter of 2022 was 47.7 million, compared with 49.2 million in the same period last year. Total orders in the fourth quarter of 2022 increased from 216.9 million in the same period last year to 218.5 million. The total order volume for the whole year in 2022 was 739.5 million, compared with the previous year's 786.6 million. (Hexun.com)
4. Alibaba's third-quarter revenue increased by 2% year-on-year
According to February 23, Alibaba released its third quarter financial report for the 2023 fiscal year ended December 31, 2022. According to the financial report, Alibaba's third-quarter revenue was 247.76 billion yuan, a year-on-year increase of 2%; net profit attributable to common shareholders was 46.815 billion yuan, a year-on-year increase of 45.746 billion yuan, a year-on-year increase of 138% or 26.522 billion yuan, mainly due to the reduction of goodwill impairment related to the digital media and entertainment division by 22.427 billion yuan. Operating profit was RMB 35.031 billion, an increase of 396% or RMB 27.963 billion year-on-year, mainly due to the reduction of goodwill impairment related to the digital media and entertainment division by RMB 22.427 billion. Adjusted EBITA increased by 16% year-on-year to 52.048 billion yuan. (Alibaba)
5. JuRan Home will issue 100 million yuan in consumption coupons during the "3.15" period
According to news on February 23, Juran Home Group recently announced that it will issue 100 million yuan in consumption coupons during the "3.15" event to help "expand domestic demand and promote consumption" and promote the recovery of the home furnishing market economy. Judging from the specific activity plan, JuRan Home will use the "dongwo" as a carrier to issue 100 million yuan in consumption coupon subsidies through activities such as old-for-new, old house renovation and renovation, and super brand day. In addition, JuRan Home will also broadcast live through the Douyin platform and spread short videos around the marketing IP of "Looking for JuRan if you have difficulties in your home". (Jiran Home Group)
Internet news
6. JD.com Five Star Electric Appliances and Samsung reach a consensus on product resources and other aspects
On February 23, Samsung Electronics Greater China President Cui Shengzhi recently led a team to visit the Nanjing headquarters of JD Wuxing Electric Appliances to negotiate strategic cooperation with senior executives such as Pan Yiqing, Chairman of JD Wuxing Electric Appliances. During the meeting, the two parties reached a high degree of consensus on product resources, marketing, terminal exhibitions, promotional policies, etc. In 2023, JD.com Five Star Electric Appliances and Samsung will focus on a number of new products launched in the BESPOKE refrigerator and washing machine series. Consumers can go to JD Electric and JD Wuxing Electric offline stores to try it out, and also introduce a 20-year motor repair policy. (Ningbo JD Five Star Electric)
7. Alibaba Zhang Yong: Make every effort to provide good computing power support for the development of the AI industry
According to reports on February 24, Alibaba Group recently released its third-quarter results for the 2023 fiscal year, with revenue of 247.76 billion yuan in the quarter, an increase of 2% year-on-year. At the financial analyst call, Zhang Yong, chairman of the board and CEO, said that consumer confidence and corporate confidence are recovering, and Alibaba's various businesses are also showing a positive trend, especially since February, consumption has shown a recovery momentum, and the recovery momentum is expected to continue. Zhang Yong also said that cloud computing is one of Alibaba's core strategies for the future and is the basic support for Alibaba to take root in the real economy and integrate digital services. (Pengpai News)
8. YTO takes the lead in establishing the World Package Alliance
According to February 24, the 25th Anniversary Conference of the World Freight Union was held in Singapore from February 19 to 22. This is also the first time the alliance has held a global conference in three years, with more than 3,000 members from more than 180 countries and regions attending. As the most important agenda of this conference, the World Package Alliance jointly established by the World Freight Alliance and YTO International also officially unveiled. (Yuantong Home)
Cross-border newsletter
9. eBay fell nearly 5% before the market, and the fourth quarter GMV fell 12% year-on-year
According to news on February 23, Bay fell nearly 5% before the market trading to $45.57. eBay announced that net revenue in the fourth quarter of fiscal year 2022 was US$2.51 billion, a year-on-year decrease of 4%, higher than the estimated US$2.46 billion; operating profit was US$671 million, compared with a loss of US$893 million in the same period last year; earnings per share was US$1.07, higher than analysts' estimate of US$1.06; total transaction volume in the fourth quarter was US$18.2 billion, a year-on-year decrease of 12%. (Snowball)
10. Walmart lifts restrictions on annual GMV investment in Chinese sellers
According to cross-border sellers, when Walmart e-commerce first entered the Chinese market in 2021, it preferred large sellers with an annual GMV of 3 million yuan or more. Later, it was repeatedly relaxed to 300,000 yuan GMV, until the GMV threshold restrictions were completely lifted this year. (36Kr)
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