#Laogao E-commerce Newsletter# [E-commerce Morning News on March 29]

Morning information:

1. Alibaba has established six major business groups and may be listed independently;

2. In 2022, WeChat search monthly active users increased to 800 million searches increased by 54% year-on-year;

3. Dunhuang.com's Internet celebrity transaction volume achieved nearly three times growth in 2022;

4. Tmall plans to establish strategic cooperation on "new products" with 50 leading fast-moving consumer goods brands;

5. SF Express Group's operating income in 2022 was 267.49 billion yuan...

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

E-commerce newsletter

1. In 2022, WeChat Search monthly active users increased to 800 million search volumes increased by 54% year-on-year

According to the news on March 29, at the 2023 WeChat Open Class PRO·WeChat Agreement held recently, WeChat disclosed that in 2022, the number of WeChat Souyisou users continued to grow, with monthly active users increasing to 800 million, and the search volume increased by 54% year-on-year. Among them, the demand for tourism and real estate increased by more than 200%, the demand for news, medical, food, government affairs and automobiles increased by more than 100%, and the demand for content and information and education increased by more than 40%. (WeChat Open Class)

2. Tmall plans to establish strategic cooperation with 50 leading fast-moving consumer goods brands

On March 28, the reporter learned that Tmall has established a strategic cooperation on "new products" with 50 leading fast-moving consumer goods brands including Procter & Gamble, Estee Lauder, Runbaiyan, etc., covering the entire process from R&D to listing. The first strategic cooperation new product, Runbaiyan Xiuguang Band, has been pre-sales and launched recently. Before it was launched, the pre-order volume exceeded 5,000+. Cen Ran, head of Taobao and Tmall Fast Consumer Strategy Center, said that Tmall’s new product cooperation with merchants was mainly in the two aspects of new product launch and explosive product promotion. It is reported that with strategic cooperation in new products, beauty and skin care brands will account for an important proportion, and it is expected that the proportion of domestic brands will be high. (Sohu.com)

3. Alibaba has established six major business groups and may be listed independently

On March 28, Zhang Yong, Chairman of the Board of Directors and CEO of Alibaba Group, issued a letter of all employees, announcing the launch of the "1+6+N" organizational reform. The business group and the business company have established boards of directors respectively, implementing the CEO responsibility system under the leadership of the board of directors of each business group and the business company, and Alibaba Group fully implements the management of the holding company. Zhang Yong said in the letter: "The market is the best touchstone. In the future, qualified business groups and companies will have the possibility of independent financing and listing." (Pengpai News)

Internet news

4. Alibaba's US stock market rose by more than 14% on Tuesday, and plans to set up six major business groups

According to reports on March 29, most popular Chinese stocks rose on Tuesday, and the Nasdaq Golden Dragon Index closed up 3.5%. On the news front, Zhang Yong, Chairman and CEO of Alibaba Group, recently issued a letter to all employees, launching a new round of corporate governance reform. According to the plan, under Alibaba Group, six major business groups and many business companies will be established, including Alibaba Cloud Intelligence, Taobao and Tmall Business, local life, Cainiao, international digital business, and big entertainment. The business group and the business company will set up boards respectively, implement the CEO responsibility system under the leadership of the board of directors of each business group and the business company, and Alibaba Group will fully implement the management of the holding company. (Sina Finance)

5. SF Express Group's operating income in 2022 was 267.49 billion yuan

On March 28, SF Express Group released its 2022 annual report, with operating income of 267.49 billion yuan, an increase of 29.11% year-on-year; net profit attributable to shareholders of listed companies was approximately 6.174 billion yuan, an increase of 44.62% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 5.337 billion yuan, an increase of 190.97% year-on-year; basic earnings per share was 1.27 yuan, an increase of 36.56% year-on-year. SF Express’s business volume in 2022 was 11.14 billion votes, a year-on-year increase of 5.5%; individual users were 585 million, a year-on-year increase of 19%; monthly active customers were 1.81 million, a year-on-year increase of 10%. By industry, SF Express’s logistics and freight forwarding revenue in 2022 was 262.08 billion yuan, an increase of 28.67% year-on-year; sales of goods revenue was 3.9 billion yuan, an increase of 12.104 billion yuan year-on-year. (SF Holdings)

6. Tencent Holdings spent HK$353 million to repurchase 940,000 shares on March 28

On March 28, Tencent Holdings issued an announcement that on March 28, 2023, the company spent HK$353 million to repurchase 940,000 shares, with a repurchase price of HK$366.8-379.2 per share. (Tencent Holdings)

7. Miniso announced the expansion of 3 new overseas markets

On March 28, Miniso announced that it would expand three new overseas markets and reached contract cooperation with agents in four countries: Panama, Angola, Latvia, Trinidad and Tobago. According to reports, the first stores in Panama, Trinidad and Tobago are planned to open in the middle of this year; the first stores in Angola are planned to be located in Avenida Shopping, a high-end shopping mall in Luanda, and are expected to open at the end of this year; the first stores in Latvia are planned to open in the capital Riga in early summer this year. (36Kr)

Cross-border newsletter

8. Lanzhou cross-border e-commerce public service platform interviews Alibaba International Station

On March 29, Lanzhou cross-border e-commerce public service platform recently conducted a special cross-border e-commerce interview with Lanzhou Alibaba International Station. Regarding the next development of the company, the person in charge of Alibaba's operations said, "We mainly focus on incubating and serving Lanzhou enterprises. The next step is to focus on the business of various prefectures and cities in Gansu Province, and strive to expand outside Lanzhou." According to reports, in 2023, the Lanzhou Alibaba International Station will be relatively strict in the company's brand power, product quality and requirements. (Lanzhou Cross-border E-commerce Public Service Platform)

9. Dunhuang.com's Internet celebrity transaction volume achieved nearly 3 times growth in 2022

3月28日消息，“大展红图”2023 APEC跨境电商峰会暨敦煌网集团年度商家大会今日在深圳举行。敦煌网在大会上公布的2022年“成绩单”：2022年第四季度，敦煌网抓住社交电商机遇，着力提升用户体验、优化供应链服务，交易额同比提升超20%，活跃买家数量同比增加41%，新买家数量同比劲增55%。敦煌网招商及品类运营副总裁沈晓燕表示，2023年敦煌网将以红人经济为中心，全力推进线上线下融合的海外本土化布局，以及基于红人买家群体需求的供给升级。（敦煌网）

10. Dunhuang.com will build 100 offline multi-functional spaces in the United States in the next three years

Dunhuang.com also built a local distribution ambassador system in the United States, leveraging the strong network and sales capabilities of local partners to help platform merchants achieve the goal of rapid shipments in large quantities. In addition, MyyShop, a social e-commerce company under Dunhuang.com Group, also announced that it will target top trend events in the United States in 2023 to enhance MyyShop's popularity among American Internet celebrities. (Dunhuang.com)