Following multiple rumors at the end of 2023 and earlier this month that Douyin might acquire Ele.me, all were officially denied. Recently, sources revealed that Yu Yongfu, chairman of Alibaba Local Lifestyle Group and CEO of Ele.me, once again clearly refuted relevant rumors on the company's intranet to all employees, saying, "Fake things can only be fake after all." In addition to responding to rumors of being acquired, Yu Yongfu and 11 core management members of Ele.me also answered business development questions in this post titled "Three Questions from the Class Committee" and emphasized that the platform is on the pace of efficiency improvement. healthy growth.
Yu Yongfu also said in the post, "In the past two years or so, we have continued to reduce leverage, and our efficiency has been greatly improved. In the next three years, we will further improve our efficiency, solve our own problems, and achieve a new stage goal. . The market always "dislikes the poor and loves the rich". Precisely because we are getting better step by step, more and more voices in the market are paying attention to us. And as long as we continue to get better step by step, the market's favorable opinions on us will still be there. There will be more and more. Based on the overall goals for the next three years, the class committee has made detailed plans for the business strategy for the next 100 days and the next year. Each business unit is also formulating the OP for the new fiscal year. Next, we will Gradually implement. Ele.me in the new year is worthy of everyone's continued hard work and the market's continued expectations. The class committee members and I are well prepared and full of confidence."
Ele.me cfo Wang Xing said that the platform has returned to its business logic from spending money to buy orders and shares, and is continuing to move forward on the basis of a balance between growth and efficiency improvement.
In addition, sources revealed that the Ele.me management team held an annual work strategy promotion meeting last week. "Yu Yongfu is very sure. The management believes that with the current situation, we can continue to maintain growth, optimize operating efficiency, and reach the break-even point." Arrival is not difficult, nor is it far away.”
According to Alibaba’s previously released unaudited financial report for the second fiscal quarter of fiscal year 2024 (i.e. the third quarter of 2023, the natural year), Alibaba Local Life Group’s revenue in this quarter was 15.564 billion yuan, a year-on-year increase of 16%. Alibaba Group's business group has a growth rate second only to International Digital Commerce and Cainiao. So far, Ele.me has achieved positive unit economic benefits (ue) for six consecutive quarters. At the same time, Ele.me continues to narrow its losses. It is reported that in the year ending September 30, 2023, the entire Alibaba Local Lifestyle Group reduced losses by nearly 5 billion yuan, most of which was contributed by Ele.me.
[The pictures in this article are from the Internet]
