​#Laogao E-commerce Newsletter# [E-commerce Evening News on April 6]

#Laogao E-commerce News# [E-commerce Evening News on April 6] Evening News : AliExpress: Canvas Shopping Bags' turnover in March increased by 91% year-on-year; Li Jiaqi and Fu Peng and others invested in the establishment of consulting management company Li Jiaqi held about 38% of the shares; UnionPay's online transaction amount reached 903.6 billion yuan during the Qingming Festival, an increase of 3.6% year-on-year.

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E-commerce newsletter

1. Taobao: The number of new active merchants hits the highest value in the five fiscal years since 2017

      According to April 6, Taobao recently stated that Alibaba's fiscal year 2021 (April 2020 to March 2021), the number of new active merchants on Taobao hit the highest in the five fiscal years since 2017. Since 2017, the number of active Taobao merchants has generally maintained a steady increase. Among them, in the months after March 2020, due to the digital transformation of commercial recovery after the epidemic, a new wave of "entering to Taobao" was driven, with an average of 40,000 new stores opening every day. Relevant data shows that the current merchants with sales of more than 1 million yuan in Taobao last year increased by 50% compared with 2017, and this increase was achieved on a very high base. (E-commerce News)

2. During the Qingming Festival, UnionPay's online transaction amount reached 903.6 billion yuan and increased by 3.6% year-on-year.

      According to April 6, today, China UnionPay released UnionPay online transaction data during the 2021 Qingming Festival holiday. The transaction amount for the three-day Qingming Festival holiday was 903.6 billion yuan, an increase of 3.6% over the same period last year. From the perspective of all regions in the country, the consumption amount in Anhui, Chongqing and Jilin increased the fastest year-on-year, all of which exceeded 10%. According to reports, during the Qingming Festival holiday, China UnionPay joined hands with major commercial banks, travel platforms and other industries to launch the "UnionPay Spring Colorful Benefit, UnionPay Bank will accompany you to travel" spring benefit activities. Since the event started, the overall number of UnionPay mobile transactions for event merchants has increased by 22% compared with before the event started, and the transaction amount has increased by 35%. (E-commerce News)

3. Alipay cleared out three service providers to promote face-scan payment due to impersonation

      On April 6, the Alipay service provider platform recently issued a statement saying that after verification, Shanxi Netfutianxia E-commerce Co., Ltd., Guangzhou Dajia Information Technology Co., Ltd., and Shaanxi Jijiehaoyi Information Technology Co., Ltd., as the identity of "a company operation center", impersonated Alipay to promote face-scanning payment, and recruited regional partners at all levels in the market and charged "agent fees". Alipay believes that these behaviors seriously infringe on Alipay’s brand reputation and open ecology, and have cleared the above-mentioned companies. (E-commerce News)

4. Dewu: The three sneakers marked by the seller have been removed from the shelves

      According to April 6, today, Dewu App’s official Weibo released the "Instructions on the recent fluctuations in individual shoes that everyone is concerned about". The content shows that the platform has removed the platform from the three sneakers involved in the online picture. At the same time, Dewu also checked the products on the entire platform, and found that the 20 sneakers had large fluctuations in the price tags marked by sellers. These sneakers were removed from the shelves and blocked measures were taken against three sellers suspected of maliciously affecting the fluctuations in the price tags of goods. The platform stated that it will increase monitoring of sellers' abnormal price tags to ensure reasonable transactions between buyers and sellers on the platform. (Beijing News)

5. iMedia Consulting: 33% of China's Generation Z purchase tea bags through live e-commerce in 2021

      According to the news on April 6, iMedia Consulting data showed that in 2021, 61.7% of the Z-Generation Z group in China purchased tea bags through comprehensive e-commerce, 52.1% of the Z-Generation Z buy tea bags through offline supermarkets, and 33% of the Z-Generation Z buy tea bags through live e-commerce, and in addition, the number of people who purchased tea bags through micro-business accounts for 26.6%. iMedia Consulting said that as an indigenous person of the Internet, Generation Z is more familiar with online platforms, so tea bag companies should fully understand the needs of consumers, expand online sales channels, and make greater efforts to improve product taste and appearance design. (Titanium Media)

Internet news

6. Li Jiaqi, Fu Peng and others invested in the establishment of consulting management company Li Jiaqi held about 38% of the shares.

      According to news on April 6, Tianyan Check information shows that Beijing Minnet Consulting Management Co., Ltd. was established recently with a registered capital of RMB 1 million. The legal representative is Qi Zhenbo. The business scope includes enterprise management consulting; economic and trade consulting, etc. Shareholder information shows that the company is jointly held by Qi Zhenbo, Li Jiaqi, Fu Peng and other personnel, of which Li Jiaqi holds about 38%, making it the second largest shareholder. (E-commerce News)

7. State Post Bureau: Special treatment for excessive packaging is officially launched in April

      According to April 6, today, the State Post Bureau held a regular press conference for the second quarter to interpret the "Regulations on the Management of Mail Express Packaging". Guan Aiguang, deputy director of the Market Supervision Department of the State Post Bureau, said that in the next step, the postal management department will promote the issuance of the industry standards of the "Express Industry Restriction Requirements for Overpackaging" and further refine the basis for overpacking in light of the actual situation in the industry; and will strengthen normalized supervision, and officially launch special overpackaging governance in April, striving to use one year to effectively curb illegal and irregular behaviors such as excessive packaging, and initially build a long-term working mechanism to prevent overpacking. (E-commerce News)

8. Dingdong Maicai completes US$700 million Series D financing

      According to April 6, recently, fresh food e-commerce Dingdong Maicai completed a US$700 million Series D financing, and the financing funds will be used for new regional expansion, supply chain investment and team building. It is reported that Dingdong Maicai's Series D financing was jointly led by DST Global and Coatue, and its old shareholders Tiger Global Management, General Atlantic, CMC Capital, Today Capital, Sequoia Capital, Ocean Link and Hony Capital continue to increase investment. Other new shareholders include Aspex Management, 3W Fund, Mass Ave Global, APlus Partners and Gaohu Capital. (E-commerce News)

Cross-border newsletter

9. Lazada Bday sales record: 20 brand merchants have a single-day sales of over US$1 million

      According to April 6, Lazada recently released data on this year's Bday promotion. Compared with Bday in 2020, Lazada's number of buyers increased by more than 100% this year, and the single-day sales of 20 brand merchants exceeded one million US dollars. Data shows that on March 27, the number of online live broadcasts by LazLive merchants increased by 180% year-on-year, and sales through LazLive increased by 670% year-on-year. In addition, the number of packages released on the first day of the event reached twice the number of last year's Bday. In terms of logistics fulfillment, data shows that it only took 8 hours for the first order of Bday promotion to be generated from order to signing for. (E-commerce News)

10. AliExpress: Canvas shopping bags' turnover in March increased by 91% year-on-year

      According to Ein.com, a global AliExpress survey shows that one of the main trends in environmentally friendly shopping is that sellers have a strong interest in canvas shopping bags. In March, the turnover of such commodities increased by 91% year-on-year. And, among the most popular shopper models for Russian sellers, there are canvas bags with molded patterns that can withstand 10 kg loads. A consumer spends an average of 700-800 rubles on canvas bags.

      In addition to environmentally friendly bags, solar lights are also one of the most popular sustainable lifestyle products on the Russian market. AliExpress data shows that the turnover of such products from Russian sellers increased 10 times last year, and users usually choose environmentally friendly floor-standing solar lamps in the garden, with prices ranging from around 500-1500 rubles.

      In addition, the market demand for lunch boxes and containers made of heat-resistant bioplastics has also increased. Among them, in the past year, the frequency of users purchasing cans used to store bulk products has increased by 3.4 times.

It is worth mentioning that in terms of environmental protection, another e-commerce platform has also launched a plan. When consumers buy goods on Etsy or its Reverb music equipment market, the company measures the amount of carbon emitted into the atmosphere after transporting the product and invests in projects that reduce the same carbon emissions. (Source: Economic Reference News)