#Laogao E-commerce Newsletter# [May 31 E-commerce Evening News Brief]

      Evening News : It is said that Amazon Prime Day promotion will be held from June 21 to 22; the first "cross-border e-commerce + bonded display" project in eastern Guangdong was launched in Shantou; Meituan's growth has expanded to 8%, with a total market value of HK$1.75 trillion; Youzan AllValue officially launched the "China 100 Brands Overseas Plan"; JD.com 618 will officially launch on June 1...

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

E-commerce newsletter

1. SF Express Group and Hangzhou Boss Electric Appliances reached strategic cooperation

      On May 31, SF Express Group and Hangzhou Boss Electric Appliances Co., Ltd. recently signed a strategic cooperation agreement to announce the joint creation of a smart home appliance logistics business cooperation model. According to the agreement, the two parties will conduct in-depth cooperation in the fields of digital smart supply chain, factory logistics, smart warehousing, smart transportation, etc. Among them, in the field of transportation, SF Express will integrate its global network transportation resources and utilize its own terminal outlet resources, as well as SF Express map in-depth information, household-level semantic addresses and other data advantages, to provide Boss Electric with integrated solutions for trunk transportation and urban distribution covering e-commerce warehouses, national distributors, major customers and overseas sales. (E-commerce News)

2. JD.com Home 618 will be officially launched on June 1

      On May 31, Dada Group announced that its JD.com 618 will be officially opened tomorrow (June 1) and will last until June 20. According to reports, this year's 618, JD Home Delivery will further link JD to deepen omni-channel cooperation. JD will focus on relying on the full-city shopping/JD Supermarket hourly channel to create a 618 omni-channel venue to provide consumers with an instant consumption experience with the fastest delivery of 1 hour. The "1-hour life service circle" jointly created by the two parties has currently covered 1,400 counties, districts and cities. It is reported that on June 16, JD.com’s official live broadcast room will join hands with nine major brands to invite well-known satellite TV hosts, Internet celebrities, etc. to launch a six-hour variety show live broadcast to create a mid-year welfare ceremony for all categories. (E-commerce News)

3. Youzan AllValue officially launched the "China 100 Brands Overseas Plan"

      On May 31, Youzan AllValue recently officially released the "China 100 Brands Overseas Plan", providing special support policies for three types of customer groups: domestic consumer brands overseas, emerging brands overseas, and cross-border platform boutique sellers, including the "100-day growth support plan" and "merchant super-excellent service". In addition, AllValue has released the latest iterations of the ultimate mobile, distribution alliance, international mini-programs and other new products and services. (Tianxia Online Business)

4. Tmall Elf launches new educational product "Tmall Elf E1"

      On May 31, Tmall Ghost will launch the smart screen product "Tmall Ghost E1" that focuses on family learning scenarios during this 618 period. This is also the first product in the Tmall Ghost Education product line. It is understood that this product has specially developed functions such as minor protection, sitting posture monitoring reminder, learning focus mode, etc. for children, and will be launched on June 16th of the Tmall Elf official flagship store. In addition, during this year's 618, Tmall Genie cooperated with Youxue School, Guidian, Ecovacs and others to launch more than 40 children's education scenario hardware products. (Tianxia Online Business)

5. Luckin Coffee applies for registration of trademarks such as "Luckin Bingka YYDS"

      According to the news on May 31, Tianyan Check information shows that recently, Luckin Coffee (China) Co., Ltd. has applied to register multiple "YYDS" related trademarks, including "Luckin Coffee YYDS", "YYDS WaiwaiDiAis", and "WaiwaiDiAis". The international classification involves catering accommodation, convenience food, advertising and sales, etc. The current trademark status is "trademark application". It is understood that "YYDS" is an Internet buzzword, that is, the abbreviation of "Forever Drop God". (Yibang Power)

Internet news

6. Meituan's growth rate expanded to 8%, with a total market value of HK$1.75 trillion

      On May 31, Meituan opened high and closed high. As of press time, Meituan's growth rate expanded to 8.07%, at HK$286.6, with a total market value of HK$1.75 trillion. Last week, Meituan disclosed its first quarter results in 2021 on the Hong Kong Stock Exchange, with an adjusted net loss of 3.892 billion yuan in the first quarter compared with a loss of 216 million yuan in the same period last year; revenue of 37.016 billion yuan, an increase of 120.9% year-on-year. The catering takeaway business increased from a loss of 70.9 million yuan in the first quarter of 2020 to an operating profit of 1.1 billion yuan in the first quarter of 2021. (Huaxia Times)

Cross-border newsletter

7. The first "cross-border e-commerce + bonded display" project in eastern Guangdong was launched in Shantou

      According to May 31, recently, the first "cross-border e-commerce + bonded display" project in eastern Guangdong was officially launched in Shantou. According to reports, the focus of the "1210" model of cross-border e-commerce online shopping is on stocking bonded imports. The "bonded display" system allows enterprises to use goods in the form of bonded, that is, they do not need to pay import tariffs or value-added tax, and display them within a certain period of time and at a designated location, and then settle the taxes uniformly when the transaction is actually completed. It is understood that the project has an investment of about 40 million yuan, and it is expected that the import volume will be more than 100 million yuan in the first year, which will help further drive import growth and optimize the structure of foreign trade import and export. (Guangzhou Daily) (Zhitong Finance)

8. Danish online shopping users use SwipBox package cabinet to handle return services

      According to recent reports from foreign media, Danish online shopping users can now apply for return services through the "SwipBox Unlimited" parcel cabinet network. This package cabinet is driven by an application and realizes wireless operation. Customers only need to register the package information through the application and place it in the nearest package cabinet to complete the return. In addition, the "SwipBox Unlimited" program also operates in countries such as Sweden, Norway and Belgium. (State Postal Service)

9. It is said that Amazon Prime Day promotion will be held from June 21 to 22

      According to reports on May 31, it is reported that people familiar with the matter revealed that this year's Amazon Prime Day promotion will be held on June 21 and 22.

It is reported that Amazon has notified employees of the date of the promotion and asked employees to keep the information confidential until the official announcement of the event date in the next few days. Amazon did not immediately respond to a request for comment for the above news.

      Previously, there have been many rumors in the industry that Amazon will hold Prime Day promotions ahead of schedule this year. In a conference call after Amazon's financial report was released last month, the company's CFO Brian Olsavsky said that Amazon decided to try to hold Prime Day in the second half of the second quarter this year, around June.

      It is worth mentioning that in 2020, Amazon's operations and logistics were affected by the epidemic, resulting in a backlog of orders, causing consumer dissatisfaction, and ultimately postponed the 2020 Prime Day event to October 13 to October 14. Amazon has held Prime Day in July over the years, with specific dates: July 15, 2015; July 12, 2016; July 11, 2017; July 16, 2018-July 17, and July 15, 2019-July 16.

      Other media said that Amazon is considering the possibility of holding a second Prime Day at the end of the third quarter of this year, but the company may give the new promotion another name. If the idea is implemented, Amazon will hold two Prime Day events this year. (Sina Technology)

10. eBay: If the seller has registered an EU or UK VAT number, the VAT rate must be provided.

      According to May 31, today, eBay issued a statement saying that the EU VAT will undergo important changes starting from July 2021. If the seller has registered an EU or UK VAT number, he or she must provide a VAT rate and an import one-stop (IOSS) service number.

      Specifically, if the seller publishes a product on an eBay EU site or an eBay UK site, he or she needs to provide a tax-inclusive price and the applicable VAT rate to calculate the tax-inclusive price. For transactions sold by sellers who have the obligation to collect and pay on behalf of others to EU or UK buyers, eBay will calculate the net price of the product based on the tax included prices and tax rates provided by the seller, and add an appropriate tax rate on this basis.

      For publications that sellers believe are not applicable to VAT, the seller can leave the tax rate column blank. For transactions where eBay has the obligation to collect and pay, eBay will add VAT to the listing price.

      If the seller does not register an EU or UK VAT number, he or she needs to know about the EU import VAT and provide an import one-stop (IOSS) service number.

      Specifically, if the seller is not registered with EU or UK VAT, there is no need to add VAT rates to the publication. For goods imported to the EU with the obligation to collect and pay VAT on behalf of eBay, which is not worth more than 150 euros, the platform will directly impose VAT on the seller's product price.

      In terms of providing import one-stop (IOSS) service numbers, the platform mentioned that for transactions shipped to the EU that do not exceed 150 euros, eBay will collect and pay VAT on behalf of others. For eBay requisition and payment transactions, sellers need to ensure that they submit their carriers an import one-stop (IOSS) service number provided by eBay to their carriers electronically. Otherwise, the buyer placing an order may be asked to pay VAT again upon delivery.

      In addition, the SpeedPAK logistics management plan will make electronic declarations for sellers, and the seller does not need to provide an additional eBay IOSS service number to SpeedPAK. This applies only to transactions where items not located in the EU items are directly sent to EU buyers. (China Post Express)