#Laogao E-commerce News# [E-commerce Morning News on March 23] Morning News: Visa and Mastercard have become the main payment systems in Kazakhstan; Malaysian e-commerce Jocom raises US$4.1 million in financing on the SGX; Amazon India leads the US$24 million Series C financing of beauty brand MyGlammm.
Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.
E-commerce newsletter
1. Van Cleef & Arpels officially settled in Tmall to open a flagship store
On March 22, Van Cleef & Arpels, a French high-end jewelry brand under Richemont Group, has officially landed on Tmall Luxury to open an official flagship store, attracting more than 20,000 fans in just one day. Van Cleef & Arpels said that the opening of Tmall's official flagship store will meet the consumption habits of Chinese consumers in recent years to a greater extent, extending from time to region, which will further narrow the distance between brands and consumers. (Yibang Power)
2. Paipai Yanxuan and Kuaishou E-commerce launched live streaming and sales, with a total order amount exceeding 44 million.
March 22nd news, last Friday, Paipai Yanxuan and Kuaishou E-commerce jointly created a special live broadcast event, and invited Kuaishou’s “Quality Good Goods Discovery Officer” to promote Hua Shao to sell goods for live broadcasts. The cumulative order amount exceeded 44 million, creating a new history of second-hand 3C e-commerce live broadcasts. Data shows that the number of live broadcast online viewers that night exceeded 2.6 million, the average customer unit price exceeded 5,000 yuan, and the cumulative order amount of users exceeded 44 million. The super hot product in the live broadcast room is the second-hand Apple iPhone 11 series, followed by the second-hand Apple iPhone 12 series, and the third-ranked Huawei P40 Pro. (E-commerce News)
3. JD.com will subscribe to Dada Group’s newly issued common shares for US$800 million
According to reports on March 22, on March 22, JD.com Group issued an announcement that it will subscribe to the newly issued common shares of Dada Group for US$800 million. After the transaction is completed, including its current shares, JD.com will hold about 51% of Dada Group's shares. (Yibang Power)
4. Yunji's revenue in Q4 2020 was 1.327 billion yuan, down 45.8% year-on-year
On March 22, social e-commerce platform Yunji released its fourth quarter and full-year financial reports for 2020. According to the financial report, its revenue in the fourth quarter was RMB 1.3274 billion, compared with RMB 2.4494 billion in the same period last year; its net loss was RMB 77.3 million, compared with a net loss of RMB 4.9 million in the same period last year. Throughout 2020, Yunji's total revenue was RMB 5.5303 billion, with a total revenue of RMB 11.672 billion in 2019; a net loss of RMB 151.7 million, with a net loss of RMB 123.8 million in 2019. (E-commerce News)
Cross-border newsletter
5. Malaysian e-commerce Jocom raises US$4.1 million in listing on SGX
On March 23, Malaysia-based e-commerce platform Jocom announced that the company has raised about US$4.1 million by listing on the Singapore Stock Exchange 1exchange (1X). The company will use the funding to improve technology and expand its market in places like Western Malaysia, Indonesia and Australia. It is reported that Jocom has begun to enter the Chinese market and sells Malaysian products to Chinese consumers. (Yibang Power)
6. The pilot scope of cross-border e-commerce 1210 online shopping bonded imports has been expanded to the whole country
Recently, the Ministry of Commerce and six other departments issued a notice to further expand the pilot program of cross-border e-commerce retail import, and clearly expanded the scope of cross-border e-commerce retail import to all cities (and areas) where free trade pilot zones, cross-border e-commerce comprehensive pilot zones, comprehensive bonded zones, import trade promotion innovation demonstration zones, and bonded logistics centers (type B). In the future, relevant cities (regions) can carry out online shopping bonded import (customs supervision method code 1210) after confirming that the local customs meet the regulatory requirements. (Yibang Power News)
7. Visa and Mastercard become the main payment system in Kazakhstan
According to reports on March 22, it is reported that the Kazakhstan Central Bank recently announced that in 2020, the interbank clearing system of Kazakhstan became the main payment system in Kazakhstan, and it undertakes 63% of the market payment volume (excluding interbank transfer). Among them, Visa and Mastercard, two international credit card systems, have also entered the ranks of Kazakhstan's main payment systems. (E-commerce News)
8. Amazon India leads investment in the US$24 million Series C funding of beauty brand MyGlammm
According to reports on March 22, it is reported that MyGlamm, a direct beauty and skin care brand, has recently raised 1.75 billion rupees from Amazon, Indian consumer goods company Viprolo and private equity venture capital company Ascent Capital. It is reported that this is Amazon's first investment in an Indian consumer brand, bringing MyGlamm's valuation to US$100 million. (E-commerce News)
Internet news
9. Report: In 2021, parents choose "online classes as the main focus, offline classes as the supplement" and "only want to go online classes" to 68%.
36Kr learned that the K12 education supply platform Aixing Education released the "Sinking Market K12 Education and Training Industry Research Report". The report shows that 95.6% of institutions agree with the view that "the future education model must be OMO (combination of online and offline)"; 77.14% of institutions want to have the ability to launch pure online classes; in 2021, 86.57% of institutions choose to cooperate with platforms that can provide a full set of online teaching solutions; in 2021, parents choose "online classes as the main one, offline classes as the supplement" and "only want to go online classes" to 68%, exceeding last year's 17%. (36Kr)
10. iPhone 13 may use Samsung LPTO display, supporting 120Hz high refresh rate
Samsung shows reportedly converting its OLED series to LTPO, which is expected to be available to Apple later this year. The LTPO display consumes less power than the ordinary OLED display and supports variable screen refresh rate, up to 120Hz. (Sina Finance)
Learn more news : http://www.shxuanming.net/news/industry.html
EN
CN
