中国零售及电商周讯（2022年11月18日-11月24日）

ChinaRetail &E-commerce 18–24November2022 WeeklyUpdate I.SectorReview.........................................................................................................2 Internet&E-commerce...........................................................................................2 Alibaba’sSeptemberquarterrevenueup3%yoyto207billionyuan........................2 Kuaishou’srevenueup12.9%yoyto23.13billionyuanin3Q22..............................2 Douyinappliestoregisterthe‘DouyinSupermarket’trademark...............................2 Vipshop’srevenuereaches21.6billionyuanin3Q22..............................................3 Yatsen’srevenuereaches857.9millionyuanin3Q22asnetlossnarrows..............3 ZhihuCircletoshutdown.......................................................................................3 Freshippo’sIoTsubsidiaryincreasesregisteredcapitaltoUS$20million.................3 Pinduoduoappliesforcross-bordere-commerceplatformtrademark.......................3 RetailLogistics........................................................................................................4 JDLogistics’srevenuereaches357.7billionyuanin3Q22withexternalcustomersaccountingfor70%................................................................................................4 Food&Beverage.....................................................................................................4 TimsChinaannouncescoffeepartnershipwithFreshippo.......................................4 II.MarketOverview....................................................................................................4 China’stotale-commercetransactionvolumeup19.6%yoyin2021.......................4 MeituanInstashopping’sreportshedslightoninstantretailtrendsduring‘Double11’ .............................................................................................................................5 III.PolicySpotlight....................................................................................................5 SAMRimprovesregulationsonanti-competitivebehaviourindigitaleconomy.........5 StateCounciladds33newcross-borderpilotzones,bringingthetotalto165..........5 References(inChinese)............................................................................................6 HelenChin VicePresident WilliamKong SeniorResearchManager BrigitteNg ResearchAnalyst VivianLiang AssistantManager FungBusinessIntelligence 11/FLiFungTower 868CheungShaWanRoadKowloon,HongKong T:(852)23002470 F:(852)26351598 E:fbicgroup@fung1937.comW:http://www.fbicgroup.com I.SectorReview Internet&E-commerce Alibaba’sSeptemberquarterrevenueup3%yoyto207billionyuan Alibaba(阿里巴巴)recentlyreleaseditsfinancialresultsforthesecondquarterofitsfiscalyear2023ended30September2022.Duringthisperiod,the company’stotalrevenuewas207.2billionyuan,anincreaseof3%yoy.Incomefromoperationswas25.137billionyuan,up68%yoy.AdjustedEBITAincreasedby29%yoyto36.164billionyuan.GAAPnetlosswas22.467billionyuan,comparedwithanetincomeof3.377billionyuaninthesameperiodlastyear;non-GAAPnetincomewas33.8billionyuan,up19%yoy.Revenuefromthecompany’sChinacommercesegmentdeclined1%yoyto135.4billionyuan,ofwhichdirectsalesandothersrevenuegrew6%yoyto64.725billionyuan,primarilydrivenbystronggrowthintheFreshippo(盒马)business. Revenuefrominternationalcommercesegmentincreasedby4%yoyto15.7 billionyuan,ofwhichrevenuefrominternationalcommerceretailbusinessincreasedby3%yoyto10.7billionyuan.1 Kuaishou’srevenueup12.9%yoyto23.13billionyuanin3Q22 Kuaishou(快手)recentlyreleaseditsfinancialresultsfor3Q22.Duringthisperiod,thecompany’srevenuereached23.13billionyuan,a12.9%increaseyoy.Thecompany’sonlinemarketingservicesgrew6.2%yoyto11.6billion yuan,whileitslivestreamingbusinessexpanded15.8%yoyto8.9billionyuan.Kuaishou’sGMVincreasedby26.6%yoyto222.5billionyuan,whilethenumberofnewmerchantsjoiningtheplatformincreasedbynearly80%yoyinthequarter.2 Douyinappliestoregisterthe‘DouyinSupermarket’trademark AsubsidiaryofByteDance(字节跳动)recentlyappliedforregistrationofthe‘DouyinSupermarket’(抖音超市)trademark.Theclassificationinvolvedare‘advertising,business&retailservices’and‘educationandentertainment services’,andtheapplicationiscurrentlypending.InOctoberthisyear,DouyinSupermarketbeganrecruitingsellers,butthebusinessisstillinthepreliminarypilotstage.ThepilotcitiescurrentlyincludeGuangzhou,Shenzhen,HuizhouandDongguan,wheresomeconsumerscanaccessthe‘Supermarket’portalthroughDouyinMall.DouyinSupermarkethaspartneredwithSFExpress,whichwillprovidewarehouseanddoor-to-doorlogisticsservices.3 Vipshop’srevenuereaches21.6billionyuanin3Q22 OnlinediscountretailerVipshop(唯品会)recentlyreleaseditsfinancialresultsfor3Q22.Thecompanyachievedtotalnetrevenueof21.6billionyuanduring thisperiod.Non-GAAPnetincomewas1.6billionyuan,anincreaseof55%yoy.ThetotalGMVreached37.6billionyuan.ThenumberofactivesuperVIPusersincreasedby21%yoy,contributingto40%oftheonlinenetGMV.Thetotalordervolumereached168.3million.4 Yatsen’srevenuereaches857.9millionyuanin3Q22asnetlossnarrows Beautye-commerc