#Laogao E-commerce Newsletter# [May 8 E-commerce Evening News Brief] Tmall International: The transactions of the "Five Five Shopping Festival" increased by 213% year-on-year; ByteDance's "Live Group Car Festival" generated nearly 7,000 orders; WeMengtiao, a subsidiary of WeMengtou, officially signed a contract with Kuaishou; Cainiao: cooperated with many Central Eastern Airlines to continue to use charter flights to stabilize foreign trade exports; Gaode and China Automobile Dealers Association: Complete the online entry of 4S stores across the country within the year...
E-commerce newsletter
1. Tmall International: The transaction volume of the "55 Shopping Festival" increased by 213% year-on-year
According to reports on May 8, data released by Tmall International showed that during the "May 5 Shopping Festival" from May 5 to May 7, Tmall International's transactions increased by 213% year-on-year, among which Shanghai became Alibaba's "first import city". According to reports, Shanghai's import consumption scale has continued to grow with an average annual growth rate of 31.3% in the past three years, leading the country. In the past year, the amount of new products purchased by Shanghai people has increased by 36% year-on-year. In addition, in the past year, Shanghai's post-95 consumers increased by 44% year-on-year, and Shanghai's import consumption amount increased by 28% year-on-year. (E-commerce News)
2. ByteDance’s “Live Group Car Festival” generates nearly 7,000 orders
According to May 8, it is reported that recently, ByteDance's automobile media and service platform Dongchedi, in conjunction with the China Automobile Dealers Association, launched the "Live Group Car Festival". Data shows that from May 1 to May 5, more than 5,275 dealers participated in the event, covering 97 car brands and 257 cities. Car manufacturers, dealers and KOLs in the car circle have more than 15,000 live broadcasts, with a total of 11.34 million people watching the event, and a total of 6,903 paid payment orders were generated. (E-commerce News)
3. WeMengtiao and Kuaishou officially signed a contract
On May 8, Mengtiao, a popular e-commerce service platform under WeMengmall, has officially signed a contract with Kuaishou and became the first batch of Kuaishou brand ecological service providers. The cooperation content between the two parties mainly includes empowering brand operations; providing short videos, live broadcasts and other operation training for brand accounts that have been settled in the Kuaishou platform; and expanding the official entry of new brands to the Kuaishou platform. (36Kr)
4. Ministry of Commerce: National online retail sales of physical goods increased by 36.3% year-on-year during the May Day holiday
On May 8, the State Council’s Joint Prevention and Control Mechanism held a press conference today. Wang Bingnan, Vice Minister of Commerce, said that the epidemic has spawned and strengthened new online consumption such as fresh food e-commerce, online education, and telemedicine. The popularity of online consumption during the May Day holiday has not diminished, and sales have further accelerated. The national online retail sales of physical goods increased by 36.3% year-on-year, and some large e-commerce companies exceeded 40% year-on-year. The "Double Product Online Shopping Festival" achieved sales of more than 58 billion yuan. (E-commerce News)
5. Yao Jinbo, 58.com: The epidemic has accelerated the onlineization of all industries for at least 3 years.
According to May 8, 58.com CEO Yao Jinbo said in his speech today that the epidemic has accelerated the onlineization of all industries for at least three years. According to reports, during the epidemic, 58.com has increased its marketing efforts against the trend in Focus Media, Outdoor and TV sides, and launched major investments in recruitment and real estate businesses, covering more than 150 cities across the country. At present, 58.com has a high-level talent pool of over 400 million; 58.com and Anjuke's second-hand housing service platforms cover more than 100,000 real estate brokerage companies and more than 1 million real estate brokers nationwide, and new house online services cover 640 cities nationwide. (Sina Technology)
Internet Information
6. IDC: Alibaba ranks first in China's public cloud market in the second half of 2019
On May 8, the latest report released by International Data Corporation (IDC) showed that the overall market size of China's public cloud services reached US$6.96 billion in the second half of 2019, of which the IaaS market increased by 60.9% year-on-year and the PaaS market increased by 76.3% year-on-year. Alibaba, Tencent, China Telecom, Huawei, and AWS rank among the top five in the IaaS+PaaS and IaaS markets, accounting for 76.3% of the market share in the IaaS+PaaS market. It is reported that Alibaba Cloud announced last month that it will invest another 200 billion yuan in the next three years to focus on the research and development of major core technologies such as cloud operating systems, servers, chips, and networks, as well as the construction of future-oriented data centers. (E-commerce News)
7. Cainiao: Cooperate with many Central Eastern Airlines to continue to use charter flights to stabilize foreign trade exports
Recently, Cainiao International has reached chartered flight cooperation with Emirates and many other Middle East Airlines. Cainiao International revealed that it is expected that the total number of charter flights will reach nearly 300 in May and June, and the total number of charter flights in the first half of the year will exceed 500, which will help Chinese merchants sell to the world and stabilize foreign trade exports. (36Kr)
8. Gaode and China Automobile Dealers Association: Complete the online entry of 4S stores nationwide within the year
On May 8, the China Automobile Dealer Association and Gaode Map announced a cooperation agreement, which will be linked to the national automobile dealer outlet information and Gaode Map certification system. Nearly 1,000 certified 4S stores from nearly 50 car brands have been settled in Gaode Map, and it is expected to achieve full coverage of national authorized car dealers within the year. (36Kr)
9. OTA giant Booking's total booking volume dropped sharply by 51% in the first quarter
On May 8, Booking Group released its first quarter financial report as of March 31, 2020. In the first quarter financial report, the total travel bookings were US$12.4 billion, a year-on-year decline of 51%. According to the financial report, Booking Group's total revenue in the first quarter was US$2.3 billion, a year-on-year decrease of 19%, and a net loss of US$699 million, compared with its net profit in the first quarter of 2019 of US$765 million. CEO Glenn Fogel said the COVID-19 pandemic has had a huge impact on Booking Group and the entire tourism industry. (Beijing Business Daily)
Cross-border e-commerce
10. Singapore's cross-border payment company Nium received investment from Visa and other companies
On May 8, according to the "E-commerce Daily", Singapore's cross-border payment startup Nium recently revealed that it has obtained a C+ round of investment from Visa and Indonesia's BRI Bank, with the amount not announced. Before this round of investment, Nium received a total of US$59.5 million in investment. Chris Clark, president of Visa Asia Pacific, said in a statement: “We have collaborated to develop new business experiences, such as instant money transfers to consumers and businesses in Southeast Asia. (E-commerce News)
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