#Laogao E-commerce Newsletter# [May 19 E-commerce Morning News]

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

E-commerce newsletter

1. Alibaba applies for the addition of RMB counter

On May 19, Alibaba recently announced on the Hong Kong Stock Exchange that the company has submitted an application to the Hong Kong Stock Exchange for the addition of RMB counters to support the Hong Kong Stock Exchange in introducing the Hong Kong dollar-RMB dual counter model. The announcement stated that the company believes that the Hong Kong dollar-RMB dual-counter model will provide more investment flexibility and stock liquidity for the company's shareholders and potential investors. The Hong Kong dollar-RMB dual-counter model must be implemented after regulatory approval. (Alibaba)

2. Alibaba's revenue in Q4 of 2023 fiscal year was 208.2 billion yuan and other executives interpreted financial reports

According to May 19, Alibaba recently released its fourth quarter financial report for fiscal year 2023: revenue was 208.2 billion yuan, a year-on-year increase of 2%; Non-GAAP net profit was 27.375 billion yuan, a year-on-year increase of 38%. After the financial report was released, Alibaba Group Chairman and CEO Zhang Yong, Executive Vice Chairman Cai Chongxin, CFO Xu Hong, Taotian Group CEO Dai Shan, and Alibaba International Digital Business Group CEO Jiang Fan attended the subsequent conference call to interpret the financial report and answered questions from analysts. (Sina Technology)

3. News says Meituan will launch the "KeeTa" takeaway app in Hong Kong as early as next Monday

On May 18, according to media reports, people familiar with the matter said that Meituan will launch a sister app called KeeTa as early as next Monday in Hong Kong, China, to promote its takeaway service outside mainland China for the first time. At present, Meituan has launched an APP called KeeTa Rider in the Hong Kong version of Apple iOS system app store, inviting potential riders to apply. According to people familiar with the matter, Meituan takeaway service "KeeTa" will initially serve the areas from Tai Kok Tsui to Mong Kok in northern Hong Kong. It is not clear whether KeeTa will eventually expand outside Hong Kong. It is reported that Meituan has set up an all-weather express center for riders in Mong Kok. (HKet)

4. Zhang Yong, CEO of Alibaba's newly established Capital Management Committee, serves as chairman

On May 18, Alibaba Group's Q4 and full-year financial reports for fiscal year 2023 announced that the board of directors approved the establishment of a new capital management committee, responsible for planning and implementing comprehensive capital management and enhancing shareholder value. The committee will consider and decide on important matters related to Alibaba Group as a holding company, including various capital market transactions, shareholder return plans, equity incentive plans for subsidiary companies, financing, listing and spin-offs. The committee is chaired by Mr. Zhang Yong, Chairman and CEO, and includes Mr. Tsai Chongxin, Director and Executive Vice Chairman, Mr. J. Michael Evans, Director and President, and Ms. Wu Wei, Director and former Chief Financial Officer. (Alibaba)

5. JD.com launches self-operated decoration business

On May 18, the "JD Decoration Self-operated Business New Product Launch Conference" and the JD Joint Ai Space Decoration Media Meeting were officially held. At present, JD.com has officially launched its own decoration business, which meets the appearance and quality needs of newlyweds, prioritizes the storage function for school district housing, and carries out aging-friendly transformation and upgrading for the silver-haired family. A 70-square-meter new house decoration product, original price of 119,900 yuan, a limited time reduction of 20,000 yuan, JD.com's price is only 99,900 yuan, and a limited edition four-piece set of home appliances, including 2 air conditioners, 1 refrigerator, 1 washing machine and JD PLUS home appliance privilege card. (financial)

Internet news

6. Gaode Map officially launched the "Scenic Route" function in 15 cities including Beijing

On May 18, Gaode Map recently officially launched the new function of "Scenic Route". This function has been launched in 15 cities including Beijing, Tianjin, Shanghai, Guangzhou, Hangzhou, Huzhou, Haikou, Sanya, Nanjing, Suzhou, Wuhan, Chengdu, Kunming, Xiamen and Qingdao. It is understood that the Gaode Map scenic route does not exist in the APP in the form of independent functions, but is based on multiple factors such as the starting point and end point of the route planned by the user, real-time traffic conditions, traffic light distribution status, and the number of intersections. In the navigation planning scheme, it appears in front of the user as one of the options. (Whip the Cow)

7. After the Xiaoguo Culture Storm, performances of many talk show companies were suspended

According to May 19, Xiaoguo Culture storm is affecting other talk show companies. On the Xiaoguo Talk Show Mini Program, it is no longer possible to search for performance tickets for any city or any date; in the calendar on the Danliren Comedy mini program, there is currently no date for talk show tickets to purchase. The customer service of Owl Comedy said: "So far, performances in Shanghai are normal, and Beijing has been suspended." (Poster News)

8. Shentong Express: The revenue of express service business increased by 53.81% year-on-year in April

On May 18, Shentong Express issued an announcement stating that the revenue of express service business in April was 3.128 billion yuan, a year-on-year increase of 53.81%; the business volume was 1.339 billion tickets, a year-on-year increase of 69.16%; the revenue of express service tickets was 2.34 yuan, a year-on-year decrease of 8.95%. (Economic Observation Network)

Cross-border newsletter

9. ST Youkeshu: The company's main business is cross-border e-commerce exports

ST Youkeshu said on the investor interactive platform today that the company's main business is cross-border e-commerce exports. The related businesses and technologies of the Internet of Vehicles have been basically divested. Currently, the company does not have any autonomous driving-related industries or technologies. (ENECNEWS)

10. Alibaba International Retail Business Revenue Increased 41% year-on-year, AliExpress Orders Increased 50% year-on-year

On the evening of May 18, Alibaba Group announced its fourth quarter of fiscal year 2023 (the first quarter of natural year 2023) and its full-year results. According to the financial report, during the quarter, the overall volume of international retail commercial orders including Lazada, AliExpress, Trendyol and Daraz increased by 15% year-on-year, and revenue increased by 41% year-on-year. (Yien.com)