#Laogao E-commerce News# [E-commerce Evening News on April 29] Morning News : Indonesian social e-commerce platform Super completed a US$28 million Series B financing; Facebook's net profit in Q1 of 2021 was US$9.497 billion, up 94% year-on-year; Taobao Live's 2021 goal: to cultivate 2,000 live broadcast rooms with sales of over 100 million.
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E-commerce newsletter
1. Taobao Live's 2021 goal: to cultivate 2,000 live broadcast rooms with sales of over 100 million
On April 29, the Taobao Live Festival was held in Hangzhou yesterday. Taobao Live released its report card and new future plans for last year. In 2020, Taobao Live gave birth to nearly 1,000 live broadcast rooms with over 100 million yuan, 90% of new brands started broadcasting, and annual transactions of 400 billion yuan. As of the end of 2020, Taobao Live provided more than 100,000 live content, and nearly 100 million products were put on the shelves in Taobao live broadcast rooms; the number of live streaming anchors increased by 661% year-on-year compared with 2019. Xuande, vice president of Alibaba Group and head of Taobao Live, announced four major goals for 2021: First, cultivate 2,000 live broadcast rooms with sales of over 100 million; second, cultivate 200 ecological partners with sales of over 100 million; third, cultivate 1 million professional live broadcasts with income; fourth, cultivate 1,000 new brands with 500% growth. (E-commerce News)
2. Lighthouse Research Institute: It is expected that the box office of May Day this year will not be less than 1.8 billion
According to April 29, recently, Lighthouse Research Institute and Baidu APP jointly released the "China Film Market Trend Analysis Report". The report shows that in the past five years, domestic films have become increasingly inclined to be released in large-scale periods, with 1 billion yuan in box offices and mostly domestic films concentrated in the four major periods of Spring Festival, summer, National Day and New Year. For the May Day holiday, the average daily box office in the past two years has been more than 300 million, and it is in a steady upward trend. The report predicts that the five-day box office will not be less than 1.8 billion during the May Day holiday in 2021. It is worth mentioning that according to real-time data from the Lighthouse Professional Edition, as of 17:50 pm on April 28, the total pre-sale box office of May Day films (including new films released on April 30) officially exceeded 100 million. (Tianxia Online Business)
3. Apple's revenue in fiscal 2021 was US$89.58 billion in net profit increased by 110% year-on-year
April 29th news, Apple released its second quarter financial report for fiscal year 2021 after-hours Wednesday. During the reporting period, Apple's net revenue was US$89.58 billion, a 54% increase from US$58.31 billion in the same period last year, exceeding analyst expectations; net profit was US$23.63 billion, a 110% increase from US$11.25 billion in the same period last year; diluted earnings per share was US$1.40. During the quarter, Apple's revenue from iPhone was US$47.938 billion, compared with US$28.962 billion in the same period last year; Greater China's revenue was US$17.728 billion, an increase of 87% year-on-year. (E-commerce News)
4. 2021 Q1 Express Service Satisfaction Survey: SF Express and JD Logistics scored more than 80
On April 28, the website of the State Post Bureau today issued a notice on the results of the express service satisfaction survey and time limit and punctuality rate test in the first quarter of 2021. The survey shows that the public satisfaction score of user express service in the first quarter of 2021 was 78.8 points, an increase of 0.6 points year-on-year. In terms of public satisfaction of express delivery companies, companies with scores of more than 80 points (including 80 points) are SF Express and JD Logistics; companies with scores of between 76-80 points (including 76 points) are Postal EMS, ZTO Express, Yunda Express, YTO Express, Shentong Express, and Best Express; companies with scores of between 74-76 points (including 74 points) are Debang Express and Tiantian Express (only January-February). (CCTV News)
5. State Post Bureau: The 72-hour punctuality rate of express delivery in the first quarter was 72.20%.
According to the report on April 29, data disclosed by the State Post Bureau showed that the full express delivery service time limit in the first quarter of 2021 was 61.79 hours, a year-on-year shortening of 1.47 hours, an extension of 0.2 hours from the fourth quarter of 2020. The 72-hour punctuality rate was 72.20%, an increase of 1.23 percentage points year-on-year, a decrease of 0.63 percentage points from the fourth quarter of 2020. From the perspective of segments, the time limits of the four segments have improved year-on-year. The average time limit for the delivery site processing link is 7.52 hours, a year-on-year shortening of 0.46 hours; the average time limit for the transportation link is 38.53 hours, a year-on-year shortening of 0.7 hours; the average time limit for the delivery site processing link is 10.88 hours, a year-on-year shortening of 0.14 hours; the average time limit for the delivery link is 4.86 hours, a year-on-year shortening of 0.17 hours. (E-commerce News)
Internet news
6. China Consumers Association exposed the top ten bad business methods involved in the reduction of takeout and other issues
On April 29, it was learned from the official official account of the China Consumers Association that the China Consumers Association released an analysis of the complaints accepted by the National Consumers Association in the first quarter of 2021, and exposed the top ten bad business methods. Among them, the China Consumers Association pointed out that some takeaway platform merchants are under the banner of various "full discounts" to attract consumers' attention and place orders. In fact, if they want to participate in full discount activities, they must give up discounts and special dishes, and the latter are often hot-selling dishes. Some e-commerce platforms or online stores carry out "flash sale" and other activities, or mark limited-time "clearance price", "discount price", "sell price", etc., which seem to be a big discount, but the actual "flash sale" price is very little compared to usual. The China Consumers Association stated that operators should show sincerity when conducting preferential promotion activities, and the activities should be clear, clear and easy to understand, and eliminate the use of rules and set traps to induce consumption. (Sina Technology)
Cross-border newsletter
7. Facebook's net profit in Q1 fiscal year 2021 was US$9.497 billion, up 94% year-on-year
According to the news on April 29, Facebook released its first quarter financial report for the 2021 fiscal year ended March 31. According to the financial report, Facebook's total revenue in the first quarter was US$26.171 billion, a 48% increase from US$17.737 billion in the same period last year; net profit was US$9.497 billion, a 94% increase from US$4.902 billion in the same period last year; diluted earnings per share was US$3.3. As of March 31, 2021, Facebook's monthly active users (MAU) was 2.85 billion, a year-on-year increase of 10%. (Dunhuang.com)
8. Shopify turned losses into profits in Q1 2021 year-on-year. GMV reached US$37.3 billion
On April 29, Shopify, an independent cross-border e-commerce site, released its first quarter financial report for 2021. During the reporting period, the company's revenue was US$989 million, a year-on-year increase of 110%; net profit was US$1.258 billion (including the company's unrealized income of its investment in Affirm equity), and a net loss of US$31.4 million in the same period last year; gross profit was US$558.7 million, a year-on-year increase of 117%. As of March 31, 2021, the company's monthly recurring revenue (MRR) was US$89.9 million, a year-on-year increase of 62%; the total commodity transaction volume (GMV) was US$37.3 billion, a year-on-year increase of 114%; the total transaction payment volume (GPV) was US$17.3 billion, accounting for 46% of the GMV this quarter, compared with US$7.3 billion in the same period last year, accounting for 42%. (Cross-border e-commerce logistics Bai Xiaosheng)
9. Indonesian social e-commerce platform Super completed US$28 million in Series B financing
On April 29, according to "DNY123", Indonesian social e-commerce platform Super announced that it had completed a US$28 million Series B financing led by SoftBank Asia Ventures Company, followed by Amasia, Insignia Ventures Partner and others. The funds for this round of financing will be used to expand the product range, enter other provinces in Indonesia, and develop white label products. After this round of financing, Super's cumulative total financing amount exceeded US$36 million. It is understood that Super was founded in 2018 and mainly serves second- and third-tier cities and rural areas in Indonesia, providing fast-moving consumer goods to local consumers. Currently, Super operates in 17 cities in East Java, Indonesia. (Captain BI)
10. Amazon India will remove products with pricing above the highest retail price
April 29th news, according to Yien.com, Amazon India recently said that during the COVID-19 pandemic, it will cancel the list of products for sellers with prices higher than the highest retail price (MRP) on its platform and suspend its accounts.
In the statement, Amazon India mentioned: "There is no room for price fraud in Amazon. According to our policy, we will continue to actively monitor our market and take necessary actions, including canceling listing and suspending accounts for sellers who sell products on MRP, which is a violation of Indian laws."
It is worth mentioning that as early as February this year, Amazon warned third-party sellers on the platform not to charge too high prices for masks when the global COVID-19 pandemic broke out. Amazon found that the cost of masks does not meet its pricing mechanism.
In addition, in March last year, Amazon deleted hundreds of thousands of "high-priced goods" and suspended thousands of sellers suspected of price gouging. It is reported that the company has removed up to 530,000 products and suspended 2,500 seller accounts.
In response, Amazon said it was because these sellers violated Amazon's price fraud policy. The platform is “actively monitoring” unfair prices in the market and “actively” implementing fair pricing policies to protect customers. (Sina Finance)
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