#Laogao E-commerce Newsletter# [E-commerce Morning News on April 12]

Morning information:

1. JD Retail has launched the biggest organizational change in the past five years: abolishing the business group system and fully opening up self-operation and POP;

2. Small Commodity City's revenue in 2022 was approximately RMB 7.62 billion, an increase of 26.28% year-on-year;

3. Tencent Video officially announced that it has officially entered Douyin;

4. Shopee accelerates the global layout of logistics, and sellers are welcome to more choices;

5. The fourth stop of Tmall’s “Global Fresh Search” is located in Rongcheng, Shandong;

...

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E-commerce newsletter

1. JD Retail launched the biggest organizational change in five years: abolishing the business group system and fully opening up self-operated and POP

It is reported that this is the largest organizational structure adjustment of JD Retail in five years after upgrading its business unit to a business group system in 2018. It is also the first time that JD has opened up self-operated and POP within its own business since entering the POP business. This adjustment mainly involves JD Retail's business department, and the Zhongtai and various functional departments will not participate, and in addition, it will not involve personnel optimization. According to people familiar with the matter, this executive meeting, hosted by Liu Qiangdong himself, is highly confidential, and only core executives including JD Group and JD Retail participated. (36Kr's future consumption)

2. Tencent Video officially announced its official entry into Douyin

On April 11, Tencent Video officially announced that it had officially entered Douyin, and its official Douyin account is "Ejia". Recently, Douyin announced that it had reached a cooperation with Tencent Video, and the two parties will explore the linkage promotion of long-term and short videos, secondary creation of short videos, etc. (Tencent Video Weibo)

3. The fourth stop of Tmall's "Global Fresh Search" is located in Rongcheng, Shandong

According to April 11, the "First Deep Sea Small Kelp Harvest Festival" event was held in Rongcheng City recently. The Deep Sea Small Kelp Harvest Festival event is divided into two sectors. At the "2023 Deep Sea Small Kelp Traceability Live Broadcast Conference", Li Huaici, head of Alibaba's B2C Tmall Fresh Fruit and Vegetable Industry, presented the plaque of "Global Fresh Search·Rongcheng Station" to Haizhibao, and began the launch ceremony of the Deep Sea Small Kelp Traceability Live Broadcast Conference.

On the day of the event, Taoxianda live broadcast room and major self-media online broadcasts to sell deep-sea small kelp, and through traceability lenses, they showed everyone the entire process of kelp growth, salvage, and blanching. It is reported that the traceability of Shandong Rongcheng deep-sea kelp is also the fourth stop of Tmall's "Global Fresh Seeking" series after Shandong Rushan Oysters, Guangxi Beihai Raw Eggs, and Hainan Fruit Festival. (Tianxia Online Business)

4. JD Logistics and Bureau Veritas reached comprehensive cooperation

On April 11, at the "2023 Green Supply Chain Innovation and Development Forum", JD Logistics reached a comprehensive cooperation with the internationally renowned testing, inspection, certification and technical service organization, Dovi Group. According to the plan of both parties, Dovish Group will give full play to its comprehensive advantages in sustainable fields such as carbon neutrality, carbon footprint verification, ESG, and other sustainable fields, as well as in quality, health, safety, environment and social responsibility, and at the same time, combined with JD Logistics' leading position in supply chain solutions and logistics service providers, strengthen cooperation in smart logistics, digitalization, supply chain services and other fields. (JD Logistics)

Internet news

5. Small Commodity City's revenue in 2022 was approximately RMB 7.62 billion, up 26.28% year-on-year

According to April 11, Small Commodity City released its 2022 annual results tonight. The report showed that the operating income in 2022 was approximately 7.62 billion yuan, an increase of 26.28% year-on-year; the net profit attributable to shareholders of listed companies was approximately 1.105 billion yuan, a decrease of 17.19% year-on-year; the net profit attributable to shareholders of listed companies was 1.765 billion yuan, an increase of 44.47% over the same period last year; the basic earnings per share was 0.20 yuan, a decrease of 20% year-on-year. (Small Commodity City Group)

6. Oriental Selection awarded a total of 30.459 million shares

On April 12, Oriental Selection recently announced that on April 11, 2023, the company awarded a total of 30.459 million shares to several qualified participants, with a closing price of HK$29.00 per share on the grant date. (Oriental Selection Holdings)

7. Yaowang Technology plans to grant 40 million stock options for incentive targets

According to April 12, Yaowang Technology recently announced the 2023 stock option incentive plan. The number of stock options to be granted to the incentive targets of the incentive plan is 40 million, accounting for about 4.39% of the company's total share capital on the date of the announcement of the draft incentive plan. This grant is a one-time grant with no reserved rights. (Yaowang Technology)

8. ByteDance expands office area in Central, Hong Kong to rent 20,000 square feet of floor

According to reports on April 12, ByteDance has rented 20,000 square feet of floors in the first phase of the Central International Financial Center in Hong Kong, with a rent of approximately HK$120 per square foot. The space was previously leased by Swiss Boss Group. (Interface News)

Cross-border newsletter

9. Twitter will face a sharp decline in advertising revenue this year

Digital research firm Insider Intelligence expects Twitter to have advertising revenue in 2023 to be only US$2.98 billion, down from the forecast of US$4.74 billion in October last year, mainly because "advertisers do not trust Musk." "Twitter still has a long way to go to win back the trust of advertisers and users, given the departure of three-quarters of employees, a series of policies and abolishing them, and Musk's controversial image," the agency said in a new report. (ENECNEWS)

10. Shopee accelerates the global layout of logistics, and sellers are welcome to more choices

Recently, Shopee Japan, a Japanese subsidiary of Shopee, launched Shopee’s original logistics service “Shopee Logistics Service”, providing its own logistics services to the Malaysian market and providing logistics services from Japan to Singapore and the Philippines market, becoming a bridge between Japanese cross-border sellers and more Southeast Asian consumers. "Shopee Logistics Service" is referred to as "SLS". After the launch of this service, Japanese sellers who use the service can not only deliver goods to their doorsteps, avoiding products being blocked at customs and other transit stations, but also shorten the delivery time by several days, achieving highly visible and efficient transportation from Japan to Southeast Asian consumers. (Yien.com)