#Laogao E-commerce Newsletter#[March 17 E-commerce Morning News]

#Laogao E-commerce News# [E-commerce Morning News on March 17] Morning News : Russian Commodity Cross-border E-commerce Offline Experience Center has settled in Huairou, Beijing; Russian Commodity Cross-border E-commerce Offline Experience Center has settled in Huairou, Beijing; Douyin’s weekly sales list: Luo Yonghao ranked first with sales of 154 million yuan; express delivery companies have promoted green packaging, and prices have not yet risen.

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E-commerce newsletter

1. Alibaba International Station and Vietnam Trade Promotion Bureau signed a deepening cooperation agreement

      March 16th news, today, Alibaba International Station and the Trade Promotion Bureau of the Ministry of Industry and Trade of Vietnam signed a memorandum of understanding on deepening cooperative relations and held the first offline e-commerce summit in Vietnam. This large-scale event is part of Alibaba's overseas version of the "Spring Thunder" plan. The Deputy Minister of Industry and Trade of Vietnam said that the Vietnam Trade Promotion Bureau and Alibaba International Station will continue to select potential enterprises to participate in the program to support the export of their high-quality goods, and plans to establish a Vietnam special page on Alibaba International Station. According to statistics from the Ministry of Industry and Trade of Vietnam, about 53% of Vietnam's population participated in online shopping in 2020, with the total annual e-commerce revenue of US$11.8 billion, an increase of 18% over the same period last year. (E-commerce News)

2. Suning.com responds to the "Seven-day No-Reason Return Commitment for Offline Physical Stores" event

      March 16th news, the State Administration for Market Regulation and China Central Radio and Television jointly issued an initiative to encourage physical store operators to actively participate in the seven-day unreasonable return commitment activity. In response to this, Suning.com actively responded to the call and solemnly announced the launch of this event: as long as the products that meet the relevant return rules, they can return the products within seven days from the day after the customer signs for the products. Consumers can submit an application online or go directly to the store to handle the products. In addition, Suning.com has increased its investment in launching "returns from other places without reason in hundreds of cities and thousands of stores." (E-commerce News)

3. Douyin’s weekly sales list: Luo Yonghao ranked first with sales of 154 million yuan

      On March 16, the live broadcast room of Jiaoke released the latest week's Douyin e-commerce GMV list. Luo Yonghao returned to the top again. He started broadcasting every day last week and broadcasted 7 consecutive games in a week. On the last day of the Queen's Day sale on March 8, sales in a single game reached 100 million, and combined with the results of the other 6 games, the total sales reached 154 million. It is reported that due to the operating crisis of Smartisan Technology, Luo Yonghao once owed about 600 million yuan in debt. Luo Yonghao has started live streaming and selling goods in April 2020, and paid off his debts through live streaming and selling goods. In addition, Luo Yonghao also said that after the debt is completely paid, he will make a documentary called "The Legend of True Return". (Yibang Power)

4. Bilibili's equity structure is exposed: Chen Rui holds 14.2% of the shares and Taobao China holds 6.7% of the shares

      According to the Hong Kong Stock Exchange documents, Bilibili (B Station) passed the listing hearing on the Hong Kong Stock Exchange. Bilibili has different rights structures, including Class Y common stock and Class Z common stock. Each Class Y has 10 votes and one vote per Class Z share. As of January 31, 2021, Chen Rui, chairman and CEO of Bilibili, held 14.2% of the shares and had 44.6% of the voting rights; Tencent held 12.4% of the shares and had 4% of the voting rights; Taobao China held 6.7% of the shares and had 2.1% of the voting rights. (Yibang Power)

5. Express delivery companies promote green packaging prices such as SF Express and YTO have not yet risen

      According to reports on March 17, it is reported that the "Regulations on the Management of Mail and Express Packaging" will come into effect on March 12, and it is clear that delivery companies should use environmentally friendly materials to package mail and express packages in accordance with regulations. A reporter from Beijing Youth Daily learned that express delivery companies in Beijing have long replaced the "green packaging" of express delivery. Among them, express delivery companies such as YTO, ZTO, Yunda are also gradually promoting the greening of express packaging. At the same time, the price of environmentally friendly packaging materials is relatively higher, but the reporter tested express delivery companies such as SF Express, YTO, and JD.com and found that the express delivery fees did not fluctuate due to the implementation of the new regulations. (E-commerce News)

Cross-border newsletter

6. American fresh food e-commerce "Weee!" completed a US$300 million Series D financing

      36Kr learned that the American fresh food e-commerce "Weee!" completed a US$300 million Series D financing. This round of financing was led by old shareholder DST Global, followed by new investors Blackstone Growth, Tiger Global and Arena Holdings, and XVC is Weee! The lead investor of the B round continued to follow up in this round. This round of financing will be used to expand the fresh food delivery market across the United States, establish a more diversified product supply chain, expand the fresh food delivery market of other Asian and Hispanic Americans, recruit talents, develop the latest technologies, etc. (36Kr)

7. Amazon Enterprise Purchase's global annual sales estimate of US$25 billion in 2021

      On March 16, it was learned from Amazon's global store opening that today, Amazon announced the latest progress in its global business of "Amazon Enterprise Purchase". Currently, Amazon Enterprise Purchase serves more than 5 million corporate and institutional customers around the world, with global annual sales estimated to reach US$25 billion in 2021, of which third-party sellers account for more than 50%. Taking the United States as an example, the two fastest growing customer groups of Amazon Enterprise Purchase are public institutions and large enterprises. 80% of Fortune 100 companies are Amazon Enterprise Purchase customers. Amazon Enterprise Purchase also serves 92 top 100 hospitals in the United States, more than 90 local governments with the top 100 population, and more than 75,000 non-profit organizations. (Yibang Power)

8. Russian cross-border e-commerce offline experience center settled in Huairou, Beijing

      On March 16, it was learned from the Huairou District Commerce Bureau of Beijing that the Russian Commodity Cross-border E-commerce Offline Experience Center has been selected as the Innovation Town of Huairou Science City, Beijing. It is planned to enter the site before the end of this month and will be officially open to the public by the end of September. It is reported that the Russian cross-border e-commerce offline experience center integrates product display, live streaming and anchor training. After the center is officially opened, its main products are food, wine products, agricultural and sideline products, daily consumer products, etc. imported from Russia. At present, the online website platform has been initially built, and the mobile client application is being fully promoted. (Yibang Power)

Internet news

9. 1 Medicine.com and BeiGene reach strategic cooperation

      March 16th news, today, Internet pharmaceutical and health company 1 Pharmaceutical Network reached a strategic cooperation with biotechnology company BeiGene. Focusing on "Internet + Medical Health", the two parties will leverage Internet hospitals, intelligent supply chain networks and digital academic promotion to deepen cooperation in the field of tumor diseases, jointly build an Internet hospital tumor disease management platform, and create a full-process digital "medical + Medical" service model for cancer patients, including doctor-patient communication, disease course management, and online and offline DTP delivery of medicines on the doorstep. It is understood that at present, the virtual pharmacy network created by 1 Pharmaceutical Network can directly contact more than 300,000 pharmacy terminals, and can deliver drugs to more than 300 cities within 24 hours and deliver them nationwide within 72 hours. (E-commerce News)

10. Airbnb's latest survey data: 92% of respondents miss travel the most during the epidemic

      According to a recent Airbnb traveler survey, 92% of respondents said that the thing they miss most during the epidemic was travel, of which 80% said they missed "domestic leisure travel" and 49% missed "travel abroad". Survey data shows that in the spring of 2021, each tourist plans an average of 1.6 trips, and the main reason for spring travel is "outing, enjoying spring, and getting close to nature." More than 60% of tourists consider homestays when traveling in spring, among which "uniquely designed boutique homestays" have become the priority for most people. (E-commerce News)