#Laogao E-commerce Newsletter# [May 20 E-commerce Morning News]

      Pinduoduo's "10 billion subsidy" achieved commission withdrawal ratio of 1%-3%; JD.com's Q1 financial report in 2021: revenue of 203.2 billion yuan increased by 39% year-on-year; Vipshop's active customers in the first quarter reached 45.8 million yuan, 54% year-on-year; AliExpress launched Cainiao's new warehouses in South China, Central China and Hong Kong; "Top 50 Takeaway Catering Brands in 2021" released: Wallace ranks first...

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

E-commerce newsletter

1. Pinduoduo’s “10 billion subsidy” achieves commission draw ratio of 1%-3%

      According to the report on May 19, according to LatePost, Pinduoduo's "10 billion subsidy" announced to merchants in January this year that it would start to draw commissions for them and will be officially implemented in March. According to reports, the commission rate for Pinduoduo is 1%-3%, and people familiar with the matter said that the commission rate for various categories is basically half that of Tmall. At present, some categories such as fresh food have been implemented first. Previously, Pinduoduo merchants implemented "0 commission" for entering the entire site. (E-commerce News)

2. Vipshop's active customers reached 45.8 million in the first quarter, up 54% year-on-year

      According to May 19, Vipshop's first quarter 2021 financial report showed that the company's active customers in the first quarter of 2021 increased by 54% year-on-year, from 29.6 million in the same period last year to 45.8 million. At the same time, during the reporting period, Vipshop's total orders increased from 121.7 million in the same period last year to 175.5 million, a year-on-year increase of 44%. (E-commerce News)

3. JD.com's Q1 financial report for 2021: revenue increased by 39% year-on-year

      According to May 19, JD.com today released its first quarter financial report for 2021. During the reporting period, JD.com Group's net income was RMB 203.2 billion, a year-on-year increase of 39%; net service income increased to RMB 27.9 billion, a year-on-year increase of 73.1%. In Q1 2021, JD.com's operating profit was RMB 1.7 billion; its operating profit was RMB 3.5 billion under non-US general accounting standards. The net profit attributable to common shareholders was RMB 3.6 billion. (E-commerce News)

4. Report: Suning's home appliance market share accounted for 22.1% in the first quarter, ranking first

      According to May 19, the "2021 China Home Appliance Industry First Quarter Report" was released. The report pointed out that the overall recovery growth trend of the industry in 2021 is relatively obvious. In the first quarter, the domestic home appliance market sales reached 164.2 billion yuan, a year-on-year increase of 40.1%. The report shows that in the first quarter of 2021, among all channel forms, Suning.com relied on the full-scene coverage model of online and offline, and continued to be ranked first in the home appliance market share with a market share of 22.1%. JD.com, Tmall and Gome respectively received 16.9%, 11.0% and 5.7% of the shares. (E-commerce News)

Cross-border newsletter

5. eBay Australia: monthly active users reach 12 million

      May 19th news, recently, eBay Australia released the "Lockdown and Quarantine: Annual Review Report". Data shows that the current monthly active users of eBay Australia site has increased by 1 million from last year to 12 million, with transaction volume increasing by 44% year-on-year in January 2021. Data shows that there are 40,000 Australian companies on eBay, which sell electrical appliances, fashion, toys, household goods and other products on the platform. (E-commerce News)

6. AliExpress launches Cainiao's new warehouse for the preferred warehouse in South China, Central China and Hong Kong

      According to May 19, yesterday, AliExpress issued a notice on launching the new warehouse of Cainiao Preferred Warehouse. The platform stated that as the preferred warehouse business gradually expands demand, Cainiao preferred warehouse has opened new warehouses in South China, East China, Central China and Hong Kong in addition to the existing "South China Dongguan Kejie preferred warehouse", and the system is named "South China Dongguan Zhongtong Ware preferred warehouse", "East China Weihai Hongxin Ware preferred warehouse", "Central China Xuchang Warehouse" and "Hong Kong Warehouse". Merchants are welcome to consult and settle in.

      Different special selection warehouses will enjoy different discounts and discounts. The specific preferential policies are:

      (1) Dongguan, South China: The order operation fee is reduced from the original 2 yuan/order to 1.5 yuan/order, and the capacity is expanded to open two warehouses, named "South China Zhongtong Preferred Warehouse";

      (2) East China Weihai Hongxin Preferred Warehouse: No warehouse rental in March, April and May before opening the warehouse. The operating fee is 67% off to 1 yuan per order on the original basis. The deadline is May 31, 2021, Beijing time;

      (3) Central China Xuchang preferred warehouse: No warehouse rent in May, June and July before opening, with the deadline being July 31, 2021, Beijing time; the operating fee for the first month is 20% off to 1.5 yuan/order, and the deadline is May 31, 2021, Beijing time.

      AliExpress also mentioned that the platform will continue to help merchants optimize logistics costs. At the same time, in order to encourage merchants to improve the quality of warehouse and shipment, warehouse rent is collected in layers and stairs according to the inventory turnover days, and warehousing service fees are exempted from inventory turnover days within 30 days.

      In addition, the quotation description of "AE Global Warehouse Domestic Preferred Warehouse" includes but is not limited to the newly established warehouse, as well as specific quotations and instructions such as operating fees and storage fees. Sellers can view the merchant price and announce the price online. (E-commerce News)

7. eBay recommends that sellers register and manage payment services in a timely manner to avoid business interruption

      On May 19th, today, for the management of payment services, eBay issued a message to remind sellers that please check the registration email immediately and start the eBay management payment service registration process through the "Register Now" button in the invitation email. The platform said it is recommended that sellers register in time before the deadline to avoid business disruptions. At the same time, if the seller does not see the email for any reason, he can also register directly through the registration link displayed on the "Pay" page of the Seller Hub in the Hong Kong Site Seller Hub.

      The specific operation is: the first step is to confirm whether you have logged in and activate the Seller Hub of the eBay Hong Kong site. If not, please use your eBay account to log in and activate the Seller Hub: https://www.ebay.com.hk/sh/landing.

      The second step is to open the "Payment" page in the Seller Hub of the eBay Hong Kong site, click the activation button to "Register Now" to start the registration process; or directly open the registration link to start the registration process: https://www.ebay.com.hk/sh/fin/dlp. (E-commerce News)

8. Hainan’s cross-border import e-commerce platform realizes digital RMB payment for the first time

      On May 19, according to Xinhua News Agency, the Hainan Branch of Industrial and Commercial Bank of China stated that the digital RMB is used and completed payment in Hainan's cross-border import e-commerce company, Guodian Technology Co., Ltd., which is the first time that the digital RMB has been applied to the cross-border import e-commerce payment scenario in Hainan and has been successfully implemented. The project is provided by the Hainan Branch of Industrial and Commercial Bank of China, and is provided by HNA Group Xinsheng Payment Co., Ltd. and merchant supporting services. (E-commerce News)

Internet news

9. "Top 50 Takeaway Catering Brands in 2021" released: Wallace ranks first

      On May 19, recently, the China Hotel Association, Ele.me and Hangzhou Business and Tourism Group jointly held the second China Takeaway Festival in Hangzhou, and the 8th China Takeaway Industry Development Conference officially kicked off. At the meeting, the Chinese Restaurant Association and Ele.me launched the "2021 Takeaway Catering Brands" list based on the dimensions of order scale, user praise, operating income, brand value, etc., using equal weights and nonlinear standardized comprehensive score rankings. The list shows that the local fast food brand Wallaceli surpassed McDonald's and KFC to rank first. (E-commerce News)

10. Alibaba builds the world's largest luxury trademark database

      According to May 19, Alibaba Security Turing Laboratory recently built a world's largest luxury trademark library with more than 500 luxury categories and more than 1,000 sub-categories, with a total of more than 1 million trademark data sets. Combined with the AI ​​anti-counterfeiting algorithm trained by huge data sets, the speed of identifying real and fake big brand trademarks can be shortened to 30 to 50 milliseconds. Alibaba's technology research and development team stated that the trademark library will be provided to global scientific research teams for free, and more than 20,000 teams have been collected to "attack" the "AI anti-counterfeiting" algorithm, collecting more methods that interfere with trademark identification, including noise disturbance, graphic blur, trademark forgery, local smear, and other daily methods that interfere with trademark identification, and further protect intellectual property rights through technological innovation. (Yibang Power)