Shopee: The GMV in Q1 2021 reached US$12.6 billion, a year-on-year increase of 103.2%; the fast fashion e-commerce application Shein replaced Amazon as the most downloaded shopping application in the United States; the 2021 Hurun Global Self-made Women Rich List released: Alibaba and others are on the list; Alibaba released the 2021 platform business environment report; Magic Chopstick Technology officially released the dual-engine strategy of "source good goods + brand"...
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E-commerce newsletter
1. Alibaba releases the 2021 platform business environment report
According to the May 19th news, Alibaba released the "Alibaba Platform Business Environment Report 2021" today, showing that Alibaba Group is gradually launching a series of measures to reduce platform operating costs and improve merchant operating efficiency; at the same time, it continuously improves compliance risk governance, malicious behavior prevention and control, intellectual property protection, merchant credit management and other services to enhance the security and sustainability of merchant operating activities, and further support merchants' honest operation and proactive innovation. Among them, in terms of reducing platform operating costs and improving merchant operating efficiency, Alibaba simplified the process of opening stores on Taobao and Tmall this year, reducing merchant operating expenses; Taobao and Tmall opened physical merchant operation centers in 20 cities. (E-commerce News)
2. YTO Express: The express delivery business completed 1.309 billion tickets in April, an increase of nearly 40% year-on-year
On May 19, YTO Express issued an announcement to disclose the main operating data of express business in April 2021. The announcement shows that YTO Express Product Revenue in April was 2.818 billion yuan, a year-on-year increase of 27.52%; the business completed volume was 1.309 billion tickets, a year-on-year increase of 39.03%; the single ticket revenue of express product was 2.15 yuan, a year-on-year decrease of 8.28%. (E-commerce News)
3. Magic Chopstick Technology officially released the dual-engine strategy of "Good Source Good Products + Brands"
On May 19th, yesterday, the internet celebrity e-commerce service platform "Maokuo Technology" officially released the dual-engine strategy of "Source Good Goods + Brand", planning to transform 10,000+ source factories, and create 1,000+ traceability factories through traceability activities. At the same time, the company's vision is changed to "build smart and efficient live streaming supply chain service capabilities and achieve millions of people with dreams", and create a new live streaming supply chain around "good quality, good price, and good fulfillment of contracts". It is understood that Mokua Technology was established in April 2015. Its services are mainly divided into two major areas. At the beginning of its establishment, it provides e-commerce SaaS systems and services to large retail customers; after its development, it also provides SaaS systems and supply chain services for e-commerce transactions of Internet celebrities. The company has received strategic investments from Kuaishou, Tencent and Vipshop. (Tianxia Online Business)
4. Pinduoduo and Zhejiang Aiding Command donate 10,000 books to students in Haixi Prefecture
According to May 19, Pinduoduo and the Zhejiang Provincial Aid to You Command recently jointly launched the "Read for You" charity donation campaign to donate books to students in Haixi Prefecture. According to reports, at present, this operation has donated 10,000 books to 29 primary and secondary schools in seven counties and cities under the jurisdiction of Haixi Prefecture, including Delingha City, Golmud City, Mangya City, Dulan County, Ulan County, Tianjun County and Dachaidan Administration Committee. A relevant person in charge of Pinduoduo said that in the future, it will continue to launch the "Read for You" donation plan in Guizhou, Yunnan and other places to convey warmth with books. (Yibang Power)
5. JD.com Enterprise Purchase officially released its first "Suzhou Manufacturing Brand Pavilion"
On May 19th, yesterday, the "Yiqi Shang Suzhou-Suzhou 55 Enterprise Service Festival" created by JD Enterprise Purchase, jointly with Suzhou brand manufacturers, Bank of China Suzhou Branch and other parties was officially launched. This is also the official launch of JD Enterprise Purchase's first enterprise city service festival. During the event, JD Enterprise Purchase officially released its first "Suzhou Manufacturing Brand Pavilion". The museum selects Suzhou origin products and accurately recommends Suzhou brand products to JD Enterprise users. At present, related products of Suzhou brands such as Longliqi, Zhencai, and Mingtejia have been launched in the museum. At the same time, JD Enterprise Purchase will provide Suzhou brand enterprises with support for JD supply chain capabilities, marketing operations, traffic resources, etc., help Suzhou brands quickly expand the market and enhance Suzhou brand influence. (Yibang Power)
Internet news
6. 2021 Hurun Global Self-made Women Rich List released: Alibaba Peng Lei and others are on the list
On May 19, Hurun Research Institute released the "2021 Hurun Global Self-made Women Rich List", listing the 1 billion US dollars female entrepreneurs who started from scratch worldwide. The list shows that the global self-made $1 billion female entrepreneurs increased by 30% compared with last year, reaching a record 130. China ranked first in the world with 85 female entrepreneurs, an increase of 24 from last year; the United States ranked second with 25; and the United Kingdom ranked third with 6. Only one of the top ten people is not from China. The average wealth increase of female entrepreneurs on the list exceeded 45%. The largest wealth increase includes Luo Jinhong, 54, Huizhou Yiwei Lithium Energy, Peng Lei, 50, Alibaba Group, Fan Hongwei, 54, and Tongwei, 57, Guan Yamei, all of which have increased to about three times that of last year. (E-commerce News)
Cross-border newsletter
7. Fast fashion e-commerce application Shein replaces Amazon as the most downloaded shopping application in the United States
According to foreign media reports, data from app tracking companies App Annie and Sensor Tower show that fast fashion e-commerce app Shein replaced Amazon as the most downloaded shopping app on iOS and Android platforms in the United States. As of May 17, Shein ranked first among iOS shopping apps in 54 countries and number one among Android devices in 13 countries. According to data, Shein was established in 2008 and is a cross-border B2C fast fashion e-commerce platform. The company's business is mainly fast fashion clothing, covering a variety of categories such as clothing, accessories, shoes and bags, jewelry, home furnishings, beauty, home textiles, etc., mainly targeting consumer markets such as Europe, America, the Middle East, and India. (Sina Finance)
8. Haikou Airport Comprehensive Bonded Zone has been approved to establish and will expand cross-border e-commerce and other businesses in the future.
On May 19, it was learned from Haikou Customs that the State Council recently officially approved the Hainan Provincial People's Government and the General Administration of Customs, agreeing to establish the Haikou Airport Comprehensive Bonded Zone. This is the third customs special supervision area in Hainan Province after Yangpu Bonded Port Area and Haikou Comprehensive Bonded Zone, and it is also the second comprehensive bonded zone. It is understood that Haikou Airport Comprehensive Bonded Zone is located in the Airport Economic Zone of Jiangdong New District, Haikou City, with a planned area of 0.44 square kilometers and adjacent to Haikou Meilan International Airport. Combining the location advantages of Lingang and the existing industrial foundation, Haikou Airport Comprehensive Bonded Zone will focus on the aviation industry to develop aircraft maintenance and bonded aviation materials logistics industries, take into account the development of aviation leasing and aviation training, and timely expand bonded processing, cross-border e-commerce and other businesses. (CCTV News)
9. Shopee: Q1 GMV in 2021 reached US$12.6 billion, a year-on-year increase of 103.2%.
According to the news on May 19, the latest 2021 first quarter financial report released by Shopee's parent company Sea Limited showed that as of March 31, 2021, the company's total GAAP revenue in the first quarter was US$1.764 billion, a year-on-year increase of 146.7%; a net loss of US$422 million, a net loss of US$281 million in the same period last year, and the loss increased year-on-year. From the perspective of specific business, Sea Limited's e-commerce business Shopee had GAAP revenue in the first quarter of US$922 million, a year-on-year increase of 250.4%. Among them, market revenue was US$716 million, a year-on-year increase of 285%; product revenue was US$206 million, a year-on-year increase of 167.1%. In the first quarter of this year, Shopee's total orders reached 1.1 billion, a year-on-year increase of 153%; the total commodity transaction value (GMV) reached 12.6 billion US dollars, a year-on-year increase of 103.2%. (E-commerce News)
10. Walmart's revenue in Q1 was US$138.31 billion USD E-commerce sales increased by 37%
On May 19, Walmart Department Store released its first quarter financial report for the 2022 fiscal year. The report showed that Walmart's revenue in the first quarter was US$138.31 billion, a year-on-year increase of 2.7%, and the market expected US$131.97 billion; net profit attributable to shareholders was US$2.73 billion, a year-on-year decrease of 31.6%, and the market expected US$3.437 billion. In the first quarter, Walmart's US same-store sales increased by 6% year-on-year, and its e-commerce business revenue increased by 37% year-on-year; Walmart International's net sales were US$27.3 billion, a year-on-year decrease of 8.3%, and its e-commerce sales increased by 49% year-on-year. (Sina Finance)
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