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On April 27, the National Energy Administration (NEA) held its quarterly press conference. Liu Mingyang, Deputy Director of the Electricity Department of the NEA, stated that with the May Day holiday approaching, the NEA will guide local authorities to update existing aging charging facilities, increase temporary charging equipment, deploy additional staff for guidance and support, conduct advance equipment maintenance, and strengthen monitoring through information platforms to ensure the orderly, safe, reliable, standardized, and efficient operation of charging services during the May Day holiday. Simultaneously, the NEA will further promote the expansion and improvement of charging facilities, focusing on application scenarios such as heavy-duty truck charging, to support the green and low-carbon transformation of transportation energy with a high-quality charging network.The UK Maritime Trade Organization has received reports of an incident 6 nautical miles northeast of Galaqad, Somalia. The report states that unauthorized personnel had taken control of a cargo ship, which has been redirected back into territorial waters.On April 27th, Shijiazhuang Pharmaceutical Group (02005.HK) announced that it has obtained the drug production registration certificate from the National Medical Products Administration of China for diltiazem hydrochloride for injection (10mg), which belongs to Category 4 chemical drugs and is considered to have passed the consistency evaluation. Diltiazem hydrochloride for injection is mainly used for the emergency treatment of supraventricular tachycardia, abnormal hypertension during surgery, hypertensive emergencies, and unstable angina. The Group has also obtained the National Medical Products Administrations approval for propranolol hydrochloride injection (5ml:5mg and 2ml:2mg), which belongs to Category 3 chemical drugs and is considered to have passed the consistency evaluation.On April 27th, according to Tencent Cloud, QClaw released its most significant version update to date (v0.2.14). It officially integrates support for the Hermes framework, allowing users to create and run Hermes-type agents, enabling them to "raise shrimp and horses" within a single application. Simultaneously, QClaw also completed several capability updates in this version: the "Inspiration Square" has been fully upgraded to the "Expert Square," lowering the barrier to entry for users unfamiliar with Prompt. The remote control channel WeChat mini-program has been upgraded to support voice interaction and file sharing with friends. The underlying model has been upgraded from fixed usage to flexible switching, now supporting the latest Hy 3 preview and DeepSeek-V4 Pro. Four new platforms have been added to the connectors: Baidu Cloud, Ctrip, Fliggy, and Tencent News; agent team collaboration functionality based on Tencent Docs has also been launched simultaneously.The Federation of Automobile Manufacturers of Thailand: Thailands automobile exports fell 0.64% year-on-year in March (compared to a 0.05% decline in February).

Chinese giant Alibaba Next target: Southeast Asia

LEO

Oct 25, 2021 14:08

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Alibaba Group

Alibaba Group (NYSE: BABA, Hong Kong Stock Exchange: 9988) was established in 1999, and Jack Ma is the main founder. It is a Chinese company that provides an online trading platform for e-commerce, with dual headquarters in Hangzhou and Beijing. The scope of services includes B2B trade, online retail, shopping search engines, third-party payment and cloud computing services. The group's subsidiaries include Alibaba B2B, Taobao, Tmall, Yitao, Alibaba Cloud Computing, Juhuasuan, AliExpress, Alibaba International Trading Market, Ele.me, Flying Pig, Youku, Hema Fresh, Ali Pictures, Cainiao Network, Gaode Maps, Lazada, Daraz, etc.


Performance increased by 30% year-on-year

Based on the performance of the entire fiscal year, the group's revenue increased by 41% year-on-year to 717.3 billion yuan, and the adjusted net profit was approximately 172 billion yuan, an increase of 30% year-on-year.


Chief Financial Officer Wu Wei said that the total annual revenue in fiscal year 2022 is expected to exceed 930 billion yuan. In view of the market potential and the proven strength of the group’s profit and cash flow, it plans to increase all incremental profits and additional profits in fiscal year 2022. Capital investment is used to support platform merchants, and to invest in new businesses and key strategic areas, which will help increase consumers' consumption share and enter new potential markets.


Last quarter, Alibaba's core business revenue rose 72% year-on-year to 161.4 billion yuan, and adjusted EBITA (earnings before interest, tax and amortization) increased 9% year-on-year to 30.68 billion yuan. Alibaba Cloud turned losses at the end of last year and maintained profit in the last quarter. Adjusted EBITA recorded 308 million yuan. Cainiao Logistics achieved positive operating cash flow in fiscal 2021.


CMB International issued a report earlier, stating that Alibaba’s core e-commerce transaction volume in the past fiscal year is expected to be stable, but profit margins will continue to be diluted. Because Alibaba is currently focusing on potential market expansion rather than profitability, I believe This trend will continue this year.


Alibaba was fined RMB 18.228 billion by the China Municipal Supervision Bureau for its involvement in monopolistic behaviors such as "choose one out of two". CMB International believes that the result of the punishment was better than expected. Because of the lack of asset disposal or other major adjustments, it was fined by the China Municipal Supervision Bureau. Alibaba has less business impact.


Invest in Vietnam to expand business in Southeast Asia

In May 2021, Alibaba and its partners will invest US$400 million (equivalent to HK$3.12 billion) in the retail division of the Vietnamese conglomerate Masan Group Corp. The transaction will expand the online grocery business of the Chinese e-commerce giant in Southeast Asia.


According to Bloomberg, Alibaba and Baring Asia Investment Fund lead a consortium that will hold a 5.5% stake in The CrownX. The CrownX holds Masan Group’s interests in Masan Consumer Holdings and VinCommerce; Masan will own an 80.2% stake in The CrownX after the transaction.


According to a statement, this transaction means The CrownX's pre-investment valuation was US$6.9 billion.


As part of the transaction, the Vietnamese retail company will cooperate with Alibaba's Southeast Asian subsidiary Lazada to expand its digital business in the country. As competition in China's domestic market and regulatory scrutiny intensify, Jack Ma's company is seeking to expand its business in Southeast Asia, a region with a population of 650 million.




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