Business Spotlight: Baidu and Amazon Launched an Overseas Purchase Smart Applet Targeting Cross-Border E-Commerce
▋ Wal-Mart’s Revenue is Higher than Expected, and E-commerce Sales Surge 79%
Walmart released its financial report for the third quarter of fiscal year 2021 on November 17. The financial report showed that as of October 31, 2020, Walmart’s revenue was US$134.7 billion and adjusted earnings per share were US$1.34, exceeding market expectations, which are 132.2 billion US dollars and 1.18 US dollars respectively. Wal-Mart's US store sales increased by 6.4%, exceeding the 3.9% growth expected in the StreetAccount survey. Sales at its high-end store-Sam's Club increased by 11.3%, and e-commerce sales increased by 41%. So far, Wal-Mart’s operating cash flow has been strong, with a year-on-year growth of approximately US$8.3 billion, reaching a total of nearly US$23 billion.
It’s worth noting that Wal-Mart’s US e-commerce sales increased by 79%, with good performance across all channels, and contributed approximately 570 basis points to combined sales.
▋ JD’s Third-quarter Revenue Achieved 174.2 Billion Yuan
Third-quarter revenue of Chinese e-commerce giant JD.com reached 174.2 billion yuan, and the net income from general merchandise sales was 58.1 billion yuan, a year-on-year increase of 34.8%; net service revenue was 22.8 billion yuan, a year-on-year increase of 42.7%. In the third quarter, non-GAAP net profit attributable to ordinary shareholders was 5.6 billion yuan, an increase of 80.1% from 3.1 billion yuan in the same period last year. In addition, JD.com had 441.6 million active purchase users in the third quarter, a year-on-year increase of 32.1%. The growth rate hit a new high in the past three years, with a net increase of more than 100 million active users in a year. As of October, the number of JD PLUS members has exceeded 20 million.
▋ Baidu and Amazon launched an overseas purchase smart applet targeting cross-border e-commerce
Recently, Baidu smart applet collaborated with Amazon Overseas Purchase and announced that it will launch the "Amazon Overseas Purchase" smart applet during Black Friday this year, targeting cross-border e-commerce. The mini program focuses on categories such as maternal and infant, outdoor sports, home furnishing, and technology, and will bring together many brands such as Tiger, Champion, and Philips. Baidu announced that on Thanksgiving Day, November 26, it will bring domestic consumers global goods with prices lower than Double Eleven, and during the "Black Five" period, it will provide consumers with allowances for overseas purchases without threshold, international free shipment coupons, lottery prize and livestreaming featuring high-end goods etc. At the same time, Baidu will also cooperate with What Worth to Buy to provide consumers with comparisons of real-time online price and historical price at major shopping malls.
According to the monitoring of the operation service unit of Guangzhou International Trade, Guangzhou’s cross-border e-commerce public service platform processed over 12.62 million import and export transactions in 11 days, with a value exceeding 3.3 billion yuan (of which the total number of in and out transactions was close to 650, accounting for 60% of Guangdong’s total imports; total export transactions exceeded 6.12 million), which is 1.4 times of last year’s Double 11 peak, a year-on-year increase of 39%