#Laogao E-commerce Newsletter# [May 18 E-commerce Morning News]

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E-commerce newsletter

1. Alibaba's fourth-quarter performance is expected to slightly exceed expectations and pay attention to the progress of its business restructuring plan

According to May 18, Alibaba will announce its fourth-quarter results before the market trading on Thursday, and the company's business restructuring progress will be the focus. Industry research predicts that in order to prepare for spin-offs or independent listing, Alibaba will pay more attention to the profits of these six major business departments rather than revenue growth. Morgan Stanley predicts that the company may increase dividend payments and announce stock buybacks as more cash may be released as the restructuring moves forward. Analysts at Truist Securities and Barclays expect Alibaba to report results at least as expected, with its rival JD.com's higher-than-estimated revenue indicating improved execution and a broader economic recovery. (Sina Finance)

2. JD Logistics has launched special delivery guarantee for Oriental self-operated navel oranges

On May 17, Oriental Selection started live streaming and selling goods at the Zigui navel orange production site next to the Three Gorges of the Yangtze River. Within 3 hours, a total of 120,000 orders of self-operated Ziguilun night navel oranges were sold, and other brands of temporary replenishment also sold 30,000 orders of local navel oranges, and more than 1 million kilograms of navel oranges were sold out. According to reports, JD Logistics Zigui Origin Warehouse has introduced the country's leading intelligent sorting equipment to accurately screen and inspect fruits. During the packaging and delivery process, each package will be re-rated to ensure that the navel orange delivered to consumers will not be short of weight. (JD Logistics)

3. Yaowang Technology will hold the 2022 online performance briefing on May 22

On May 17, Foshan Yaowang Technology Co., Ltd. issued an announcement stating that the company had disclosed the "2022 Annual Report" and the "2022 Annual Report Summary" on April 29, 2023. In order to facilitate investors to have a more comprehensive and in-depth understanding of the company's operating performance, development strategy, etc., the company is scheduled to hold Foshan Yaowang Technology Co., Ltd.'s 2022 annual online performance briefing from 15:00 to 16:30 on May 22, 2023 to communicate and exchange with investors and listen to investors' opinions and suggestions. (Yaowang Technology)

Internet news

4. The American version of Xianyu ThredUp is launched on LTSE

On May 17, the US online resale platform ThredUp recently announced its first quarter financial results to March 2023, and announced that its stock has been listed on a long-term stock exchange. LTSE's principle-based listing standards require listed companies to specify and publish policies on their websites, giving stakeholders an in-depth understanding of how companies build long-term business. By listing on LTSE, ThredUp confirms its strategic alignment with long-term shareholders, employees, customers and communities in the public markets, aiming to promote sustainability, resilience and long-term value creation. (Sohu.com)

5. Dianping's 2023 "Must Eat List" list of restaurants shortlisted for Dianping is officially announced

On May 17, the list of restaurants shortlisted in Dianping's "Must Eat List" in 2023 was officially announced. The list covers a total of 61 cities and regions, and nearly 90 catering merchants have been added in four overseas cities: Tokyo, Osaka, Bangkok and Singapore. The average star rating of all shortlisted restaurants is 4.65 points, and the per capita price of 50% of the restaurants is less than 50 yuan. According to a relevant person in charge of Dianping, since its first release in 2017, nearly 700 million users have used Dianping's "must-eat list" list. (Whip the Cow)

6. ZTO Express's revenue in the first quarter of 2023 was 8.9832 billion yuan in net profit of 1.6648 billion yuan

According to May 18, ZTO Express today announced its unaudited financial results for the first quarter ended March 31, 2023. Data shows that ZTO Express's revenue in the first quarter of 2023 was 8.9832 billion yuan, a year-on-year increase of 13.7%; net profit was 1.6648 billion yuan, a year-on-year increase of 90.2%; adjusted net profit increased by 82.1% to 1.9198 billion yuan; parcel number increased by 20.5% year-on-year; market share expanded to 23.4%. (ZTO Express)

7. Ele.me updates the "Regulations on the Management of Violations of Open Platform Service Providers"

On May 17, Ele.me issued a notice on updating the "Regulations on the Management of Violations of Open Platform Service Providers". The notice stated that these rules will be solicited for public opinions on May 17, 2023 and will be announced until May 23. If you have any questions during the public announcement period, you can provide feedback through the open platform work order. If there is no modification during the public announcement period, it will take effect on May 24, 2023; if there is any modification, it will be announced separately. (Ele.me merchant open platform)

8. YTO Airlines' "Nanning-Lahore" regular freight flight was successfully completed

On May 18, YTO Airlines flight YG9147 landed at Iqbal International Airport on May 16 at 7:15 am. Half an hour later, after the ground support personnel were intensively operated, nearly 30 tons of clothing fabrics, industrial raw materials and electronic components were removed from the main cargo door one by one. Subsequently, the cargo hold was filled with high-quality Pakistani agricultural and sideline products and set off for homeland, announcing the successful maiden flight of YTO Airlines' "Nanning-Lahore" regular cargo flight. The subsequent flight routes will travel to and from both places at a frequency of four flights a week, and will be increased in time according to the operational conditions. (Yuantong Home)

Cross-border newsletter

9. eBay acquires Certilogo and continues to launch an offensive in the field of identity authentication

eBay's consumer frenzy continues, with the acquisition of Certitlogo, a company that provides digital ID cards and authentication tools for clothing and fashion products. The acquisition of Certilogo is expected to be completed in the third quarter of 2023, subject to customary closing conditions. “Certilogo’s technology and talented team have enabled eBay to build on this commitment to build eBay into a leader in the beloved fashion field and provide consumers with new ways to connect and interact with brands.” (Yeen.com)

10. SHEIN raises $2 billion in a new round of financing and is valued at $66 billion

According to media reports, people familiar with the matter said that China's fashion cross-border e-commerce company SHEIN raised $2 billion in its latest round of financing, with the company's valuation at $66 billion, about one-third less than a year ago. The round of financing was led by Sequoia Capital, Pan Atlantic Investment and Abu Dhabi sovereign wealth fund Mubadala. It is reported that SHEIN's revenue in 2022 is US$23 billion and its net profit is US$800 million. SHEIN has set a target of 40% revenue growth this year, according to people familiar with the matter. (financial)