Amazon US site: Sellers can set the default processing time to 1 working day; JD Logistics rose nearly 18% in the OTC market and made HK$719 in one hand; Youzan Spring Gold Medal Shopping Guide Contest concluded: Sales of participating merchants increased by 262% year-on-year; China IoT: The total national social logistics volume in the first four months was 97.4 trillion yuan, an increase of 20% year-on-year; Taobao mobile app was renamed "Taobao" and upgraded to version 618...
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E-commerce newsletter
1. Yunji: Adjusted net profit in Q1 2021 was RMB 17.1 million
According to May 27, today, member e-commerce platform Yunji released its Q1 quarter financial report for 2021. During the reporting period, Yunji's total revenue was 675.4 million yuan, and its adjusted net profit was 17.1 million yuan, with a net loss decreased by about 70% year-on-year; the repurchase rate in the 12 months ended March 31, 2021 reached 80.6%. In the first quarter, Yunji's total operating costs fell from 1.148 billion yuan in the same period in 2020 to 439.4 million yuan, a decrease of 61.7%, and the proportion of year-on-year operating revenue also fell from 69.6% to 65.1%. (E-commerce News)
2. Alipay report: Chinese fast food search volume rose by 106% month-on-month in May
On May 27, Alipay released the "Chinese Fast Food Consumption Hot Report" today pointed out that the popularity of Chinese fast food has increased recently, and Alipay's search volume increased by 106% month-on-month in May. Among the consumer groups who like to eat Chinese fast food, nearly 70% of the post-95s account for nearly 70%, 27.5% of the post-85s account for 27.5%, and 4.24% of the post-70s and other ages account for 4. From a regional perspective, consumers in Guangdong love to eat Chinese fast food, followed by Shandong, Henan, Jiangsu, Zhejiang, Hebei, Sichuan and other regions. In terms of Chinese fast food selection, Shancunji, Axiang Rice Noodles and Kao Le have become the top three most popular Chinese fast foods among young people. (E-commerce News)
3. Mobile Taobao APP is renamed "Taobao" and upgraded to version 618
According to May 27, recently, the mobile Taobao APP released the 618 version. While starting the 618 pre-sale activity, the "Mobile Taobao" APP was also renamed to "Taobao", which is the first time that Taobao has changed its name since it launched the mobile terminal. At present, in major app stores such as the App Store, the original name of the "Mobile Taobao" App has become "Taobao". With this name change, Taobao APP has also been replaced with the 618 atmosphere skin. In addition, Taobao 618 version has also launched other new features, including search result page upgrades, new store live streaming upgrades, etc. (Tianxia Online Business)
4. China IoT: The total social logistics volume in the first four months is 97.4 trillion yuan, an increase of 20% year-on-year
5月27日消息，中国物流与采购联合会今日公布最新的物流运行数据。 1-4月份，全国社会物流总额97.4万亿元，按可比价格计算，同比增长20.0%， 增速比一季度回落4.2个百分点。综合来看，社会物流总额两年平均增长7.2%，仍保持平稳较快增长。规模、增速均超过2019年同期水平，基本恢复至疫情前正常水平。1-4月份，物流业总收入达到3.6万亿元，同比增长34.3%，比一季度回落2.5个百分点。从结构看，运输物流、快递物流带动引领作用依然显著。1-4月公路运输、水上运输及邮政快递市场相关收入同比增长均超过30%。（天下网商）
5. Youzan Spring Gold Medal Shopping Guide Contest Ended: Sales of participating merchants increased by 262% year-on-year
According to May 27, recently, Youzan's 2021 Spring Gold Medal Shopping Guide Competition ended. Data showed that the sales of participating merchants during the event increased by 262% year-on-year, of which department stores increased by 543% year-on-year, and fashion merchants increased by 210% year-on-year, with both creating new highs. Data from Youzan also shows that during the entire event, the performance driven by the shopping guide accounted for more than 66% of the overall sales of the event merchants; the maximum consumption amount of a single customer reached 210,000. (Yibang Power)
Internet news
6. JD Logistics rose nearly 18% in the OTC market and made HK$719 in one hand
According to May 27, JD Logistics expects to be listed on the Hong Kong Stock Exchange on May 28, and conducts dark trading today from 16:15 to 18:30. Currently, JD Logistics has risen by 17.815% in the OTC market to HK$47.55, regardless of handling fees, making HK$719. According to JD Logistics' announcement, JD Logistics finally issued 609 million shares, priced at HK$40.36 per share of the offering, and the net amount of funds raised in the global offering is expected to be approximately HK$24.113 billion. (Sina Hong Kong Stocks)
Cross-border newsletter
7. Amazon Global Store Signs a Memorandum of Cooperation with Jiangsu Provincial Department of Commerce
On May 27, yesterday, Amazon Global Store opened a store and signed a memorandum of cooperation with the Jiangsu Provincial Department of Commerce to work together to promote the transformation and upgrading of traditional foreign trade enterprises in Jiangsu Province and promote high-quality enterprises to expand their export cross-border e-commerce business. At the same time, the two sides will jointly build and improve the Jiangsu Province export cross-border e-commerce industry service cluster, attract high-quality cross-border e-commerce service institutions to settle in Jiangsu, and promote the ecological development of the export cross-border e-commerce industry; carry out cross-border e-commerce knowledge training in all aspects to enhance Jiangsu enterprises' understanding and operational level of export cross-border e-commerce industry. (Sina Finance)
8. Amazon US site: Sellers can set the default processing time to 1 working day
According to May 27, recently, Amazon's US website announced that starting from May 25, 2021, sellers can set a faster default processing time based on their own operational capabilities, that is, 1 working day.
Amazon says customers prefer faster delivery and are more likely to buy items that are expected to be delivered faster. Previously, Amazon used the default processing time of 2 working days to set the estimated delivery time for sellers to complete standard shipping orders. With this adjustment, sellers can choose a default processing time of 1 working day to provide faster expected delivery time.
According to reports, the processing time refers to the number of days it takes for the seller to pick, pack and transport the products after receiving the order. The estimated shipping time of the order is determined based on the processing time. The default processing time refers to the processing time set at the account level and is applicable to all products.
Amazon mentioned that only sellers with professional sales plans can update/edit their default processing time. The update steps are as follows: First, click "Shipping Settings" on the Seller Center Settings page; Second, navigate to the "General Shipping Settings" tab on the Shipping Settings page; Third, scroll down to "Handling Time" and click "Edit"; Fourth, select "1 Day" or "2 Days" and click "Save".
It is worth noting that for new sellers who join the program, the default processing time will be set to 1 working day, and the seller can choose to change it to 2 working days. (Sina Finance)
9. AliExpress G100 overseas plan: Establish a direct and in-depth supply relationship with 100 super brands
According to the report on May 26, according to the World Online Business, today, the 2021 AliExpress "G100 Overseas Plan" brand signing ceremony was held in Shenzhen. At the meeting, AliExpress released a series of measures to help China's advantageous supply chain brands go overseas this year, and plans to establish direct and in-depth supply relationships with 100 "super brands", support 10,000 new brands, and sign contracts with ten brand merchants on-site.
The "G100 Overseas Plan" aims to help Chinese companies and Chinese brands give full play to their supply chain advantages, build brand minds in overseas markets, and expand new markets and new users. Other data shows that in the past year, sales of home appliances and home products on the AliExpress platform have increased by more than 50%, among which smart concept products such as 3C, consumer electronics, smart home products, etc. have grown rapidly.
According to reports, for the "super brands" with certain supply chain strength and a considerable reputation, AliExpress will invest heavily in marketing resources this year to help brands customize national strategies, and provide logistics after-sales full hosting services, launching the "100% warehouse delivery plan". At the same time, AliExpress also joined hands with Ant Commercial Bank to shorten the original 60-day loan cycle to one week, saving the brand 90% of its capital costs.
In view of "new brands" with technical barriers, able to independently develop, quality comparable to international brands and price advantages, AliExpress provides a low-cost, "one-click" channel for new cross-border retail e-commerce formats to help solve logistics and after-sales problems.
According to data, Alibaba's AliExpress, founded in 2010, is China's largest cross-border retail e-commerce platform. It has opened sites in 18 languages, covering more than 200 countries and regions around the world. (Sina Technology)
10. It is said that Amazon is considering opening a physical pharmacy. It is still in the exploration stage.
According to foreign media reports, people familiar with the matter revealed that Amazon is considering opening a physical pharmacy. The company's negotiations on opening a pharmacy are still in the exploratory stage and there is no clear plan yet. The move is part of Amazon's plan, which aims to gain a larger share of the $370 billion prescription drug market in China.
However, sources revealed that it may take more than a year to implement the idea of opening a pharmacy on Amazon. There are also reports that pharmacies may be located in Amazon's Whole Foods. Amazon has considered opening independent pharmacies in many areas such as Boston and Phoenix.
Affected by this, shares of drug retailers such as Walgreens Boots Alliance and CVS fell on Wednesday. As of Wednesday's closing, Amazon was $3,265.16 per share, up 0.19%, with a total market value of $1.65 trillion.
It is understood that in 2018, Amazon acquired the online pharmacy PillPack for $1 billion. Last November, Amazon launched an online pharmacy to provide prescription drugs to American consumers. Prime members can enjoy a two-day delivery service, competing with multiple drug retailers. (China Post Express)
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