DoorDash, a major US food delivery company, has announced that it would acquire its Finnish-based (from the same company Finland) peer, Wolt. The transaction value is approximately 7 billion euros (approximately 910 billion yen), and the company plans to complete the acquisition in the first half of 2022. Since Wolt first landed in Hiroshima in August 2020, it has expanded its service area from Hokkaido to Okinawa and currently operates in 37 cities. DoorDash entered Japan from Sendai in June 2021. The two companies have announced that they would build a "local commerce global platform that connects products and services in each region with users" through the acquisition. In terms of global expansion, Wolt's CEO, who currently has more countries than DoorDash, is expected to lead its overseas business in the future. It also plans to jointly expand globally, accelerate product development, and improve investment efficiency. Even after the acquisition, Wolt's company name and the services provided will not change.
On November 16, "Sea Group," the parent company of "Shopee," a major online shopping company in Southeast Asia, announced its financial results for the third quarter of 2021. Sales increased 121.8% from the same period of the previous year to 2.7 billion dollars (approximately 308.4 billion yen). Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was a deficit of 166 million dollars (approximately 19 billion yen). The main reasons for the deficit are the expansion of the company's overseas online shopping business and the investment of large amounts of money in start-up companies. In the online shopping-related business, sales increased 134.4% from the same period of the previous year to 1.5 billion dollars (approximately 171.3 billion yen). From the latter half of September 2021, Sea Group has expanded into three European countries, Poland, France and Spain, and India, accelerating business expansion. In addition, it has recently invested in companies closely related to its own game (especially mobile game) and financial business. It has invested a total of 1 billion dollars in the investment business.
On November 18, China's online shopping major "Alibaba" announced its financial results for the third quarter of 2021. Sales increased 29% from the same period of the previous year to 200.6 billion yuan (approximately 3.5907 trillion yen). Net income decreased 81% to 5.3 billion yuan (approximately 94.9 billion yen). The operating profit of online shopping, which is the main business, decreased by 17% to 25.6 billion yuan (approximately 458.2 billion yen). The number of users increased by 20% from the previous year to 935 million as of September. Alibaba performed well with a transaction volume of 540.3 billion yuan (approximately 9.65 trillion yen) at China's largest online shopping sale "Single's Day (Double Eleven)" to have been held on November 11. However, the growth is slowing due to the impact of regulations on Internet companies to be an increase of 8.5% compared to 2020.
On November 12, "Coupang," a Korea's online shopping major company announced its financial results for the 3rd quarter of 2021. Sales increased 48% from the same period of the previous year to 4.6447 billion dollars (approximately 533.3 billion yen), and net loss was 315.1 million dollars (approximately 35.9 billion yen). In addition, the number of active users has continued to increase to 16.8 million, up 20% from the same period of the previous year. The cause of the deficit is investment in new business streaming video services and logistics facilities to provide faster delivery services. Specifically, from the beginning of 2021 to the third quarter, Coupang has built a new distribution infrastructure of 740 thousand square meters, and the fulfillment center, which is responsible for the ordering and delivery of Coupang's own fresh food "Rocket Fresh," has been doubled.
On November 5, Delivery Hero Japan Co., Ltd., which operates the major delivery company "foodpanda" from Germany, announced that "Pandamart," an immediate delivery service for daily necessities and food products in Yokohama City, Kanagawa Prefecture is now available. The service was launched from Shibuya in early November, and this time it is said to have finally rolled out in Yokohama where the company first landed in Japan. Consumers can use "Pandamart" with app or website to deliver approximately 2,000 types of products, including daily necessities, frozen foods, and drinks, in as little as 30 minutes. "Pandamart" is currently developing services at a total of eight bases, including Tokyo, Osaka, and Kyoto. It plans to gradually expand the services in the future.