#Laogao E-commerce Newsletter# [E-commerce Morning News on April 26]

      #Laogao E-commerce Newsletter# [E-commerce Morning News on April 26] Morning News : The 2021 Beijing Consumer Season will soon start online and offline consumption subsidies of over 10 billion yuan; Anhui officially launches cross-border e-commerce 9610 business; Deputy Director of the State Post Bureau: It is expected that the total number of express delivery in China will exceed 100 billion pieces by the end of this year.

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

E-commerce newsletter

1. Xiaomi Group: Repurchased 11.0518 million shares on April 23, involving 298 million yuan

      On April 26, Xiaomi Group issued an announcement stating that the company repurchased 11.0518 million shares on April 23, 2021, with a repurchase price of between HK$26.75 and HK$27.20, involving a capital of RMB298 million. So far this year (since the adoption of the ordinary resolution), the cumulative number of securities repurchased is 193 million shares, accounting for 0.8% of the number of shares issued when the ordinary resolution is passed. (E-commerce News)

2. Baidu Group: The number of monthly active users of Baidu Smart Mini Programs reached 416 million in March

      On April 26, Baidu Group issued an announcement on the Hong Kong Stock Exchange stating that in March 2021, the number of monthly active users of Baidu App reached 558 million, with daily login users accounting for more than 75%; as of March 31, 2021, the number of Baidu Baijiahao creators reached 4.2 million; in March 2021, the number of monthly active users of Baidu Smart Mini Program reached 416 million. (E-commerce News)

3. Deputy Director of the State Post Bureau: It is expected that the total express delivery volume in China will exceed 100 billion pieces by the end of this year

      On April 26, on the afternoon of April 25, Liu Jun, member of the Party Leadership Group and Deputy Director of the State Post Bureau, introduced at the Digital Government Sub-forum of the 4th Digital China Construction Summit that so far, the total economic output of my country's postal express industry has exceeded one trillion yuan, and has been advancing at a high speed of 3-5 times the GDP growth rate every year in the past decade. By the end of this year, the total express delivery volume in China is expected to exceed 100 billion pieces. Liu Jun said that now there are about 300 million express delivery shipments in my country every day, serving more than 400 million people, and there are more than 4 million express delivery workers nationwide. The operation of the postal industry in the first quarter of 2021 released by the State Post Bureau on April 16 showed that in the first quarter of this year, the total business volume of express delivery service enterprises in the country reached 21.93 billion pieces, a year-on-year increase of 75.0%; the cumulative business revenue reached 223.77 billion yuan, a year-on-year increase of 45.9%. (E-commerce News)

4. Chongqing Postal Administration Bureau: As of the end of March, the city's "express delivery to villages" coverage rate reached 86.91%.

      According to the news on April 25, the latest data disclosed by the Chongqing Postal Administration showed that as of the end of March, the express delivery coverage rate in 792 townships in the city reached 100%; 6,932 of 7,976 established villages have been approved for express delivery, and the coverage rate of "express delivery into villages" reached 86.91%. Previously, in order to further promote the steady improvement of express service capabilities in rural areas and promote the effective improvement of the service coverage of "express delivery into villages" by the Chongqing Bureau issued the "Chongqing "express delivery into villages" 100-day work plan" (hereinafter referred to as the "Plan"), which clearly proposed that through the "express delivery into villages" 100-day campaign, the city's established villages will achieve a coverage rate of multi-brand express services that can reach villages through 90%. (Yibang Power)

Cross-border newsletter

5. Anhui officially launched cross-border e-commerce 9610 business

      On April 26, a truck full of small cross-border e-commerce parcels was successfully cleared and released from the Luzhou Customs Mail Exchange Bureau on April 25 with the 9610 business model, marking that after nearly five months of running-in experiment, the 9610 business model of Anhui's cross-border e-commerce was officially launched. It is reported that the full name of "9610" is "cross-border trade e-commerce", abbreviated as "e-commerce", commonly known as "stock collection model", also known as B2C export. 9610 customs declaration and export targets small volumes, such as international express delivery. This model adopts the "list verification, summary declaration" method, and cross-border enterprises push data to tax and foreign exchange management departments to achieve tax refunds. Data released by the press conference on promoting the development of Anhui's cross-border e-commerce held in March this year showed that the transaction volume of Anhui's cross-border e-commerce reached 14.17 billion yuan in 2020, an increase of 101.7%. (E-commerce News)

6. In the first quarter, more than 11.27 million cross-border e-commerce parcels exported at Alashankou Port increased by 3824% year-on-year

      According to reports on April 26, in the first quarter of this year, Alashankou Port exported 11.2777 million cross-border e-commerce parcels, with a value of US$22.5349 million, an increase of 3824% and 4234% year-on-year respectively. It is reported that on January 21, 2020, the Alashankou Port launched the "9610 Model" export cross-border e-commerce retail business, and a total of 38.41 million parcels were exported in 2020. In the first two months of this year, the number of cross-border e-commerce parcels exported through the Alashankou port exceeded 7 million, reaching 7.0347 million, with a value of 15.0045 million US dollars. As of March 20, the number of cross-border e-commerce parcels exported by Alashankou Port this year exceeded 10 million, reaching 10.2309 million. (E-commerce News)

7. eBay cancels the $250 price discount threshold for Class 1 electronic products

      On April 25, eBay platform released an announcement on [Australia] for sellers who use managed payment services, eBay has reduced the transaction fee of some low-value technology products (tech items) and home appliances (home appliances) items (hereinafter referred to as the announcement).

      The announcement stated that for sellers who use ManagedPayment, eBay will cancel the threshold for selling prices of $250 for Class 1 electronic products (Tier 1 tech items).

      The announcement shows that sellers will receive a close to 30% discount on FinalValueFee for all Class 1 electronic products sold by sellers at prices below $250. This fee reduction applies to mobile phones, laptops, gaming consoles, home appliances and other items that are sold for less than $250.

      Starting from April 15, 2021, eBay will provide the above transaction fee discounts to all sellers who own eBay stores and have registered to use the management payment service.

      For basic stores, the previous transaction fee rate was 10.4%, the new transaction fee rate was 7.3%, and the saving rate was 29.8%. For premium stores, the previous transaction fee rate was 9.4%, the new transaction fee rate was 6.6%, and the saving rate was 29.7%. For super stores, the previous transaction fee rate was 8.8%, and the new transaction fee rate was 6.2%, and the saving rate was 29.5%. (E-commerce News)

8. Tmall International releases new strategic layout for 2021 for five new upgrades to help brand merchants

      According to April 25, recently, the cross-border e-commerce platform Tmall International released a new strategic layout for 2021, which will combine the five new upgrades to create new opportunities for brand merchants to create new opportunities.

      According to public data, in the past year, the growth rate of overseas brands entering Tmall International has been close to 200%, with 40 new brands with sales exceeding 100 million yuan; the number of first-time new imported new products increased by 130% year-on-year, and the year-on-year growth rate of new overseas brands entering Tmall International has reached 125%, with more than 10,000 new products launched in a year.

      In addition, in 2020, the number of people born in the 2000s grew the fastest, with a year-on-year increase of nearly 70%, and the number of people born in the 1990s and 1995s accounted for nearly 50%.

      As the leading platform for cross-border e-commerce, Tmall International has subverted the traditional industry model and used new Internet technologies to digitize cross-border e-commerce, reduce costs and increase efficiency through big data, and promote global economic development.

      At the same time, Tmall International will also implement a new large-scale import model of "bonded import + retail processing" across the country, and create a "new industrial belt" project in six major comprehensive bonded areas in the country, including Hangzhou and Haikou, to further reduce costs and improve efficiency for overseas brands. (Sina Technology)

Internet news

9. The 2021 Beijing Consumer Season will soon start to issue consumer subsidies of over 10 billion yuan online and offline

      According to April 25, today, the Beijing Municipal Bureau of Commerce and the Municipal Bureau of Culture and Tourism announced that the "2021 Beijing Consumer Season" will be officially launched on April 28 and will last until the end of the year. During the May Day holiday, Beijing will distribute cash coupons, discount coupons, and full discount coupons to consumers in Beijing for more than 4.5 billion yuan. At the same time, e-commerce platforms, offline enterprises and financial institutions have worked together to issue consumption subsidies of over 10 billion yuan, which can be used for offline business districts, supermarkets, restaurants, as well as parking, taxi, takeout, scenic spot tickets, online shopping and other consumption. Specifically, JD.com will issue 3.5 billion yuan of consumption coupons from April 28 to May 5; Suning.com plans to invest 4 billion yuan of consumption subsidies in all scenarios; Meituan will issue 175 million yuan of consumption coupons online and offline simultaneously. (Yibang Power)

10. Amazon launches new tools: Allow some sellers to communicate directly with customers

      April 26th news, Amazon reportedly launched a new tool called "ManageYourCustomerEngagement" (MYCE) last week, allowing businesses participating in the BrandRegistry project to send email marketing materials to shoppers who follow brands, and can push messages to shoppers when companies launch new products or are preparing to launch new promotions. It is reported that Amazon has always banned companies from selling products directly to consumers. This time, the "MYCE" tool is launched to attract shoppers to repeatedly visit suppliers and sellers' online stores and help companies build a more stable follower network. (Source: Sina Technology)