Krypton Evening Post | Vipshop: Revenue in the third quarter was 20.7 billion yuan, and the adjusted net profit was 1.3 billion yuan; Weibo: The adjusted operating profit in the third quarter was 1.159 billion yuan.
Big Companies:
STO Express: In October 2024, the revenue of express service business increased by 24.86% year-on-year
36Kr learned that STO Express announced that the company's express service business revenue in October 2024 was 4.426 billion yuan, an increase of 24.86% year-on-year; the completed business volume was 2.186 billion tickets, an increase of 30.35% year-on-year; the single-ticket revenue of express service was 2.03 yuan, a decrease of 3.79% year-on-year.
Vipshop: Revenue of 20.7 billion yuan in the third quarter, adjusted net profit of 1.3 billion yuan
36Kr learned that Vipshop released its third-quarter financial report. The financial report shows that the total net revenue in the third quarter was 20.7 billion yuan, while it was 22.8 billion yuan in the same period of the previous year. The net profit attributable to Vipshop shareholders was 1 billion yuan, while the net profit in the same period of the previous year was 1.2 billion yuan. Excluding US GAAP, the net profit attributable to Vipshop shareholders was 1.3 billion yuan, while the net profit in the same period of the previous year was 1.8 billion yuan.
Tianhua New Energy: The company intends to participate in the bidding for the exploration right of the Maijitan Lithium Mine in Ganzi Prefecture, Sichuan Province
36Kr has learned that Tianhua New Energy announced that in order to promote the exploration and mining of mineral resources, the Ministry of Natural Resources organized the Sichuan Provincial Department of Natural Resources to implement the bidding and transfer of the exploration right of the Maijitan Lithium Mine in Ganzi Prefecture, Sichuan Province. The company intends to participate in the bidding for the exploration right of the Maijitan Lithium Mine. On the same day, the company announced that its holding subsidiary intends to apply to the Guangzhou Futures Exchange for the qualification of the designated delivery warehouse for lithium carbonate, and authorize the company's management to submit the application materials and handle other related matters.
Amazon Overseas Official Flagship Store Launches on JD.com
36Kr learned that the Amazon Overseas Official Flagship Store officially launched on JD.com on November 19, 2024. It is understood that through the JD.com Amazon Overseas Official Flagship Store, consumers can choose and purchase more than 400,000 global products from Amazon Global Store, and enjoy limited-time zero-threshold free shipping with the fastest delivery within 2 days.
Alibaba: Main Listing in Hong Kong Brings Greater Liquidity to the Group's Stocks
Jack Tsai, Chairman of Alibaba Group, said at the 3rd International Financial Leaders' Investment Summit that Alibaba's main listing in Hong Kong enables it to reach this very large investor group from the Chinese mainland, and at the same time, it can bring great liquidity to the group's stocks. Jack Tsai said that in the past few months, Alibaba has changed its secondary listing in Hong Kong to a primary listing, which means that by being included in the Southbound Trading Link, more mainland investors will have the opportunity to invest in Alibaba. (Shanghai Securities News)
Kingsoft Office: Wholly-owned Subsidiary Intends to Sign Advertising Service Agreement with Xiaomi Singapore
36Kr has learned that Kingsoft Office announced that its wholly-owned subsidiary, Kingsoft Office Hong Kong, intends to sign an advertising service agreement with Xiaomi Singapore. By providing online advertising services for Xiaomi Singapore in the overseas Android version of WPS Office App, the two parties will share the income obtained by Xiaomi Singapore from this advertisement. The estimated transaction amount is approximately 6.97 million US dollars. Xiaomi Singapore is expected to pay approximately 6.97 million US dollars in advertising sharing income to Kingsoft Office Hong Kong, of which the advertising sharing amount in 2024 is 2.97 million US dollars, and the advertising sharing amount in 2025 is expected to be approximately 4 million US dollars. At the same time, Xiaomi Singapore will provide free pre-installation services of the Android version of WPS Office for Xiaomi's overseas mobile devices.
Weibo: Operating profit after adjustment in the third quarter is 1.159 billion yuan.
36Kr learned that Weibo released its financial report for the third quarter of 2024. The financial report shows that the adjusted net profit of Weibo in this quarter is 139.2 million US dollars, approximately 980 million yuan, and the adjusted net profit in the same period of the previous year is 137 million US dollars; the adjusted operating profit reaches 164.5 million US dollars, approximately 1.159 billion yuan. By the end of the third quarter, in September, the monthly active users of Weibo reached 587 million, and the average daily active users reached 257 million. In this quarter, the number of original users on the platform increased by 8% month-on-month, and the number of ordinary user relationship constructions increased by 40% month-on-month. As of the press release, Weibo's US stocks rose nearly 3% before the market.
Tongcheng Travel: Revenue of 4.99 billion yuan in the third quarter, with 230 million annual paying users
On November 19, Tongcheng Travel released its third-quarter performance report for 2024. The financial report shows that as of the third quarter of 2024, Tongcheng Travel has served a cumulative 1.88 billion person-times annually, and the number of annual paying users has reached 230 million. In the third quarter, Tongcheng Travel achieved a revenue of 4.99 billion yuan, and the adjusted net profit was 910 million yuan. Among them, the revenue of the transportation business was 2.03 billion yuan, an increase of 20.6% year-on-year; the revenue of the accommodation business was 1.38 billion yuan, an increase of 22.2% year-on-year.
XPeng Motors: Estimated delivery volume of 87,000 to 91,000 vehicles in the fourth quarter, with a year-on-year increase of approximately 44.6% to 51.3%
36Kr learned that XPeng Motors released its third-quarter financial report for 2024. The financial report shows that XPeng Motors had a net loss of 1.81 billion yuan in the third quarter; the total vehicle delivery volume in this quarter was 46,533 units, with a year-on-year increase of 16.3%. It is expected that the delivery volume in the fourth quarter will be 87,000 to 91,000 units, with a year-on-year increase of approximately 44.6% to 51.3%; the total revenue is between 15.3 billion yuan and 16.2 billion yuan, with a year-on-year increase of 17.2% to 24.1%. As of the time of publication, XPeng Motors' US stocks rose by more than 3% before the market opened.
LG Electronics is reportedly considering building a new home appliance factory in India
On November 19, sources familiar with the matter revealed that LG Electronics is considering building a new home appliance factory in Andhra Pradesh, India, with the goal of starting construction in the first half of 2026. LG Electronics said in a statement that given the huge growth potential of the Indian market, the company is currently exploring a series of options to expand investment, but no decisions have been made at this stage. (Jiemian)
Aliexpress' 10 Billion Subsidy Sweeps Overseas: New Brands of Mobile Phones, Tablets, Projectors, Vacuum Cleaners, etc. Are Popular
Aliexpress' Double 11 comes to an end, and Black Friday is about to start. 36Kr learned that driven by Aliexpress' 10 billion subsidy, many brands with a single-day sales volume of over one million US dollars emerged in this Double 11, forming the "Million Dollar Club". It is understood that this year is the first time that Aliexpress' 10 billion subsidy participates in Double 11 and Black Friday promotions. A group of well-known brands connect to Aliexpress' overseas promotions after Tmall's Double 11 ends. Xiaomi's sales on the first day of Double 11 exceeded 5 million US dollars. The list of Aliexpress' 10 billion subsidy items for Double 11 shows that high-unit-price products such as mobile phones, tablets, projectors, vacuum cleaners, power banks, AR glasses, and Bluetooth speakers are selling well, and large-sized products such as treadmills and scooters are also booming.
Investment and Financing:
"Quanling SEELE" Completes $10 Million Pre-A Round Financing
36Kr learned that recently, "Quanling SEELE" has completed a $10 million Pre-A round of financing. This round of financing is led by Baidu Ventures, and the investors include Meitu Investment, Fukun Venture Capital and other institutions. The old shareholder Webtime Information S&T continues to support.
New Products:
Mogu AutoLink Builds Tongxiang's First Holographic Real-time Digital Twin Intersection
36Kr has learned that on November 19, the 2024 World Internet Conference Wuzhen Summit opened in Tongxiang, Zhejiang. At the conference site, the first vehicle-road-cloud integrated holographic real-time digital twin intersection built by Tongxiang in collaboration with Mogu AutoLink became the focus. Previously, Mogu AutoLink connected the cloud platform, roadside data, and vehicle-terminal applications in Tongxiang, making it one of the first cities in the country to achieve the "integration of vehicle, road, and cloud at three terminals". It is understood that the accuracy rate of this digital twin system is close to 99.9%, the end-to-end application delay from the vehicle-road-cloud is less than 0.1 seconds, and the data quality meets the industry's highest "Double SL3" technical requirements, fully meeting the needs of vehicle manufacturers. Currently, this digital twin intersection has been officially put into operation.
Today's Viewpoint:
Goldman Sachs: When the stock market is at a record high, investors should start to formulate a portfolio diversification plan
It is reported that Goldman Sachs said that when the stock market is at a record high, investors should start to formulate a portfolio diversification plan. In a report, several Goldman Sachs analysts led by Peter Oppenheimer said that the stock market valuation has increased significantly in the past year, and there is basically no further room for increase. "Given the high valuation and the unusually high concentration of the stock market, we advocate improving the risk-adjusted return through diversification," these analysts said. (Jiemian)
Other news worthy of attention:
The First National Automotive Chip Quality Inspection Center Settles in Shanghai
36Kr learned that, according to the Shanghai Market Supervision Administration, recently, the State Administration for Market Regulation has officially approved the Shanghai Motor Vehicle Inspection and Certification Technology Research Center Co., Ltd. to prepare for the construction of the National Automotive Chip Quality Inspection and Testing Center, marking the settlement of the first national-level testing center in the field of automotive chip products in Shanghai. Currently, the number of national quality inspection centers approved and authorized by the General Administration of Market Regulation in Shanghai has reached 52, of which 51 have been completed. The service areas cover strategic emerging industries and key advantageous industries such as robots, the industrial Internet, and satellite navigation. They have played a positive role in promoting quality improvement, technological progress, cost reduction and efficiency increase for enterprises, and the smooth and efficient operation of the industrial chain and supply chain.
MLBB Nominated for The Game Awards 2024 Best Esports Game
36Kr learned that on November 19, the nomination list of The Game Awards (TGA) 2024, which attracts global gamers' attention, was officially announced. Mobile Legends: Bang Bang (MLBB) was shortlisted for the nomination of the Best Esports Game. Other games that were also shortlisted include CS2, DOTA2, League of Legends, and Valorant.
Aluminum Corporation of China: Termination of the Transfer of Subsidiary Company Assets and Equity
36Kr has learned that Aluminum Corporation of China announced that at the board meetings held on March 21 and April 25, 2023, the company reviewed and approved the proposal to transfer the equity and assets of the subsidiary company to Aluminum Corporation of China High-End Manufacturing Co., Ltd. Up to now, the relevant transactions have not yet been officially signed. Based on the company's strategic deployment of green and low-carbon transformation, and after reaching a consensus with Aluminum High-End Manufacturing through consultation, the company has decided to terminate the above-mentioned transfer matters.