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

      #Laogao E-commerce Newsletter# [E-commerce Morning News on April 6] Morning News : Ctrip: The live pre-sale GMV in March achieved double-digit growth month-on-month; Indian social e-commerce platform Meesho completed US$300 million in financing; during the Qingming Festival, the national postal express collected 761 million pieces increased by 44.4% year-on-year.

      Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Daily Journal, a subsidiary of Charlie Munger, increases its stake in Alibaba

      Daily Journal Corp., a newspaper and software company chaired by Charlie Munger, revealed on Monday that Alibaba's shares accumulated through American depositary receipts (ADRs) totaled about $37.5 million as of the end of March. The company also owns stakes in Wells Fargo, Bank of America, Posco and US Bancorp, which have not changed since the end of 2020. Munger also invests in companies such as BYD. (Sina Technology)

2. Xianyu: From March 24 to March 30, 18,000 fraud-related users were frozen

      According to April 5, Xianyu recently released the latest announcement of the special action on network ecological governance. The content shows that from March 24 to March 30, Xianyu frozen 18,000 fraud-related users, processed more than 3,100 pornographic and vulgar products, and frozen more than 540 accounts. At the same time, a total of 670,000 other harmful information were processed, and 07,000 account numbers were frozen; a total of 1.62 million reports were accepted, of which 76,000 effective reports had been processed. It is understood that Xianyu started a special action in August 2020, and regularly announced relevant rectification actions and data to users every month. (E-commerce News)

3. During the Qingming Festival, the national postal express collection was 761 million pieces increased by 44.4% year-on-year.

      According to the report on April 6, monitoring data of the State Post Bureau showed that during this year's Qingming Festival, the national postal express delivery industry collected 761 million express parcels, an increase of 44.4% compared with the same period of Qingming Festival in 2020. 765 million express parcels were delivered, an increase of 48.3% compared with the same period of Qingming Festival in 2020. In addition, during the Qingming Festival, the national postal express industry operated at a high level, was stable and orderly, and the normalized epidemic prevention and control work was promoted in an orderly and effective manner, and no major production safety accidents occurred. (E-commerce News)

4. Xiaomi announced the live broadcast program list for the 11th anniversary: ​​Lei Jun Douyin live broadcast season 3 begins

      On April 5, Xiaomi’s official Weibo released its 11th anniversary live program list today. The program list shows that in addition to the opening day of rice fans, this event will also hold the first rice fans' talent creation party, and Lei Jun's Douyin live broadcast will also be launched. It is understood that Xiaomi was established on April 6, 2010, and it has been 11 years since then. (E-commerce News)

Cross-border newsletter

5. Wish: All WishPost sellers can receive 1,000 yuan in intermodal project coupons in April

      On April 3, according to the Wish platform notification, all WishPost sellers can receive 10 coupons for intermodal project of RMB 100 when logging into WishPost during April 2021, Beijing time. The notice shows that the coupon is applicable to all air transport channels currently and in the future supported by the intermodal project; if the shipment of more than 100kg in a single use of air transport channels, one coupon can be used; the coupon is valid until the end of this year.

      It is reported that WishPost launched the "intermodal transport" project in January 2021 to help all mainland Chinese sellers operating overseas warehouse business improve the first-time logistics efficiency and reduce logistics costs when their inventory is shipped to overseas warehouses.

      Recently, Wish also issued an announcement stating that in order to improve the flexibility and delivery capabilities of secondary warehouses, Wish will implement three updates to all newly created secondary warehouses. The newly created secondary warehouse can now be shipped to all destination countries currently supported by Wish, but the seller needs to enable the corresponding destination country in the Account-Delivery Settings first.

      It is worth mentioning that according to its financial report, in the fourth quarter of 2020, Wish's core market revenue generated by individual active users increased by 66% year-on-year and 25% month-on-month in the third quarter. In addition, the number of Wish American merchants increased by 435% year-on-year. In 2020, Wish monthly active users (MAU) increased by 19% year-on-year to more than 107 million. (E-commerce News)

6. FLM in Europe launches shipping subsidies for new Chinese sellers

      On April 5, FLM in Europe launched a limited-time subsidy promotion for shipping costs for new Chinese sellers. Eligible sellers can receive a subsidy for entry fees, up to about €180. It is worth noting that the event is for professional sellers who are selling for the first time in Europe using FBA, and sellers need to send the item to the European Amazon Operations Center by May 31 and sell the item through the FBA. (E-commerce News)

7. Indian social e-commerce platform Meesho completes $300 million in financing

      On April 5, Indian social e-commerce platform Meesho announced on Monday that it had completed a new round of financing of US$300 million, with the company's valuation reaching US$2.1 billion. The company said it plans to use the funds to strengthen the talent pool in all areas including technology, products and business. It is reported that the financing was led by Japan's SoftBank Group's "Vision Fund No. 2". It is understood that Meesho was founded in 2016 and received Facebook's first financial investment in India in June 2018. On June 14, 2019, Facebook India announced that it had acquired a minority stake in the Indian social business platform Meesho, and Meesho completed a strategic investment, with the amount not disclosed. (E-commerce News)

8. DHL Express White Paper: Global B2B e-commerce transaction volume is expected to reach US$20.9 trillion in 2027

      April 5th news, recently, DHL Express released a new white paper - "B2B E-commerce Guide: Tradition has gone, digitalization has come." Research predicts that the B2B e-commerce market will usher in strong growth in the next few years. By 2025, 80% of sales interactions between suppliers and buyers in the B2B sector will be conducted in digital channels. According to reports, in 2019, the global transaction volume of B2B e-commerce websites and markets has increased by 18.2%, reaching US$12.2 trillion, exceeding the market size of the B2C industry. The epidemic has accelerated the development of digitalization. By 2027, global B2B e-commerce transaction volume is expected to reach US$20.9 trillion. (E-commerce News)

Internet news

9. Mafengwo: In the past six months, local travel orders increased by 86.2% year-on-year

      According to April 5, Mafengwo Travel recently released the "NEW WAVE - Quality Tourism Report for Young People". The report shows that in the past six months from September 2020 to March 2021, the proportion of local travel products with a unit price of more than 8,000 yuan on the Mafengwo platform has increased by 86.2% year-on-year. In addition, in 2020, the proportion of domestic cultural scenic spot tickets in domestic scenic spot tickets increased by 11.3% year-on-year, among which the proportion of ticket orders for ancient town scenic spots, mainly outdoor sightseeing experience, increased by 21.4%, and the proportion of ticket orders for ancient walls/doors/buildings/tower scenic spots increased by 9.6%. (E-commerce News)

10. Ctrip: GMV pre-sale in March achieved double-digit growth on a month-on-month basis

      According to April 5, Ctrip released the "2021 Ctrip Spring Travel Big Data Report" this afternoon. The report shows that Ctrip's average daily order volume increased by 50% month-on-month in February; the platform's average daily new customers achieved double-digit growth month-on-month; the APP average DAU (daily active users) increased by nearly 20% month-on-month; Ctrip's live pre-sale GMV achieved double-digit growth month-on-month; Ctrip's live broadcast room average visits increased by more than 40% month-on-month. (E-commerce News)