#Laogao E-commerce Newsletter# [E-commerce Morning News on May 6] Morning News: Bezos sold US$2.5 billion in Amazon stocks; it was reported that Latin American cross-border payment platform Dlocal submitted a US IPO application; Network Connect: 6.824 billion online payment transactions were processed four days before the May Day holiday.
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E-commerce newsletter
1. Network Connection: 6.824 billion online payment transactions were processed 4 days before the May Day holiday
According to May 5, four days before the May Day holiday (May 1 to May 4), the Internet Connection platform handled a total of 6.824 billion cross-institutional online payment transactions of funds, with a total amount of 4 trillion yuan, and the average daily transaction number and amount increased by 25.74% and 45.50% year-on-year respectively. Among them, from April 16 to May 4, the average daily transaction number and amount of some large tourism service platforms increased by 133% and 131% year-on-year respectively; the number and amount of online payment transactions related to hotel and homestay booking increased by 132% and 153% year-on-year respectively. (E-commerce News)
2. Taobao special price version: From May 1 to May 3, the sales of men's makeup in the county market increased by 1692.6% year-on-year
On May 5, Alibaba released consumption observation data for the 2021 May 1st Golden Week. According to Ele.me May Day data, the number of rural homestay takeaways in many places such as Qinhuangdao, Beihai, Longyan, Zhangzhou and Enshi has increased significantly. From May 1st to 3rd, among the products that Taobao special price version of county consumers like to buy, men's makeup purchases increased by 1692.6% year-on-year, protein powder increased by 276.8%, face towels, fascia guns, and steel ringless underwear increased by 239.4%, 192.7%, and 145.4% respectively. (E-commerce News)
3. "Douyin 55 Trend Shopping Season" will launch intangible cultural heritage handicraft products
According to May 4, intangible cultural heritage kites and cultural and creative clothing will be launched on the "Douyin 55 Trend Shopping Season". In the "Craftsmanship Trend" section, Douyin e-commerce will sell two products that embody intangible cultural heritage handicraft skills. During the "Douyin 55 Trend Shopping Season", more than ten craftsmen, including Li Tinghuai, inheritor of intangible cultural heritage Ru porcelain firing skills, Qiao Xue, and other craftsmen, will enter the live broadcast room of the "Craftsmanship Trend and Fashion" area, and bring special intangible cultural heritage products to consumers in the process of displaying intangible cultural heritage craftsmanship. (E-commerce News)
4. News says ByteDance removes its "Fei Chat" app
According to reports on May 4, it is reported that the Feicha App, a social product launched by ByteDance two years ago, has been removed from most app stores, and the official website cannot provide downloads. There are less than 19 days left before Feicha App's second birthday. Public information shows that at the end of 2018, ByteDance acquired the English domain name "flipchat.cn" of "FeiTao". On May 20, 2019, ByteDance announced the launch of its social product "Fly Chat". Positioning is an open interest social product, a collection of instant messaging software and interest and hobby communities, committed to helping users discover common hobbies. (E-commerce News)
Cross-border newsletter
5. News says PayPal is exploring the launch of stablecoins
According to May 4, PayPal is exploring the launch of stablecoins. PayPal has already discussed with some of the industry's stablecoin protocol developers, indicating that the payment giant may tend to work with third-party companies, four sources familiar with the situation said. Public information shows that stablecoins are cryptocurrencies that are collateralized by the value of underlying assets. They are digital currencies designed to simulate fiat currencies that are more stable than cryptocurrencies. Stablecoins are not susceptible to extreme price fluctuations experienced by traditional cryptocurrencies. (E-commerce News)
6. News says that Latin American cross-border payment platform Dlocal submitted a US IPO application
On May 6, according to Cailianshe, Latin American cross-border payment platform Dlocal submitted a US IPO application. It is reported that dLocal recently completed a financing of US$150 million. The financing is led by Alkeon Capital. After the financing is completed, the valuation of the dLocal platform will reach US$5 billion. dLocal is a cross-border payment platform designed to handle large-scale online payments in emerging markets such as Latin America, Asia Pacific and Europe, the Middle East and Africa. (E-commerce News)
7. Paypal's revenue in the first quarter increased by 31% year-on-year
According to May 6, PayPal released its first quarter financial report for fiscal year 2021 today. The report shows that PayPal's net revenue in the first quarter was US$6.033 billion, a 31% increase from US$4.618 billion in the same period last year, and the impact of excluding exchange rate changes was a 29% year-on-year increase; net profit was US$1.097 billion, a 1206% increase from US$84 million in the same period last year. PayPal's first-quarter revenue and adjusted diluted earnings per share exceeded Wall Street analysts' previous expectations, and its performance outlook for the second quarter and full-year fiscal year 2021 also exceeded expectations, driving its after-hours stock price to rise nearly 5%. (E-commerce News)
8. Shopee: The FSV threshold of the Brazilian site front desk is adjusted to 20 reals
April 30th news, today, Shopee announced that according to the platform policy adjustment, starting from May 2021, the threshold for FSV (Free Shipping Voucher) at the Brazilian site front desk will be adjusted from the original 0 BRL (real) to 20 BRL (real).
According to reports, FSV is a shipping coupon collected by buyers on the Shopee platform and can be used for shopping on the Shopee platform.
The buyer's collection rules are: the buyer will receive 5 shipping coupons, 3 free shipping coupons (2 photos are automatically distributed + 1 photo is collected on the event page), and 2 shipping coupons (2 photos are automatically distributed on the system).
Shopee said that the threshold for the above five shipping coupons is 20BRL, and buyers are required to purchase more than 20BRL in the same store before using shipping coupons.
At the same time, the special discounts that this adjustment does not involve are: on the day of the 55th promotion, buyers of Brazilian site will enjoy 0-threshold free shipping coupons; new users of Brazilian site will enjoy 1 0-threshold free shipping coupon (10-day deadline), and buyers can collect it in the new user area.
It is understood that Shopee also stated today that starting from May 3, 2021, the payment cycle of Singapore sites will be changed from a payment twice a month to a payment once a week. That is, the week when the order is completed is the billing cycle, and the next week when the order is completed is the payment cycle. The Shopee platform will pay the seller within the payment cycle. (E-commerce News)
Internet news
9. The box office of May Day exceeded 1.6 billion and more than 40 million viewers
According to May 6, as of 24:00 on May 5, the box office of May 1st (May 1 to May 5) in 2021 exceeded 1.682 billion, with nearly 44.45 million viewers, and both the box office and the number of viewers hit a new high. During the 5th day of the May Day holiday, "Your Wedding" had a box office of over 513 million (cumulative box office of 655 million), becoming the box office champion of May Day. "On the Cliff" had a box office of over 508 million (569 million cumulatively), and "Secret Visitor" had a box office of over 191 million, ranking second and third in the May Day box office. It is worth noting that from May 3 to 5, "On the Cliff" surpassed "Your Wedding" for three consecutive days in a single-day box office. (E-commerce News)
10. Bezos sells $2.5 billion in Amazon stock
On May 6, Amazon founder Bezos sold $2.5 billion in Amazon shares, the first time that Bezos has sold stocks on a large scale this year. According to disclosures in the U.S. Securities and Exchange Commission (SEC), Bezos sold about 739,000 shares this week under a pre-arranged trading plan. According to another disclosure document, he plans to sell up to 2 million shares. Currently, Bezos continues to hold more than 10% of Amazon's equity, which is the main source of his $191.3 billion wealth, according to the Bloomberg Billionaire Index. (Sina Technology)
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