#Laogao E-commerce Newsletter# [June 1 E-commerce Evening News Brief]

      #Laogao E-commerce News# [E-commerce Evening News on June 1] Amazon US site: Sellers can sell at Brazilian sites through a unified account; Thai comprehensive e-commerce logistics company Flash completed two rounds of financing of US$150 million; Jingxi 618’s good start: Fresh agricultural products sold nearly 200,000 kilograms in 10 minutes; Tmall: "Tmall Old-for-New Service Standards" has been changed, effective on June 8; What is worth buying 618’s good start: GMV increased by 84.87% year-on-year in the first hour......

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

E-commerce newsletter

1. Tmall: The transaction amount of child safety seats in 618 pre-sale increased by 419% year-on-year

      June 1st news, starting today, the newly revised "Law of the People's Republic of China on the Protection of Minors" will be officially implemented, and the "child safety seats" will be written into national legislation for the first time. Affected by this, data from Tmall showed that the demand for child safety seats has increased significantly. As of May 31, in the past week, the number of searches for child safety seats increased by 211% compared with the same period last year; the transaction amount of child safety seats in Tmall 618's pre-sale increased by 419% year-on-year. According to reports, during Tmall 618, Juhuasuan subsidies of 10 billion yuan for child safety seats, with subsidies as low as 40% off. (E-commerce News)

2. What is worth buying 618 for a good start: GMV increased by 84.87% year-on-year in the first hour

      June 1st news, today, the consumer content community released the real-time battle report of the 618 promotion. The data shows that in just 3 minutes and 15 seconds, the GMV of what is worth buying exceeded 100 million, and exceeded 200 million in 12 minutes and 09 seconds. In addition, on the day of "61 Good Start", the GMV of the first hour of What's Worth Buying increased by 84.87% year-on-year, and in just 7 hours and 41 minutes, the transaction volume has exceeded the whole day of last year. It is reported that this year's What's Worth Buying 618 Mid-year Big Sale has started in late May. On the first day of pre-sales, the GMV of the entire site has increased by nearly 50% compared with the same period last year. (E-commerce News)

3. Meituan Youxuan: The monthly order volume of national "filial piety list" has exceeded one million

      According to reports on June 1, Meituan Youxuan data showed that on the eve of Children's Day, in addition to the increase in searches for parent-child products, the popularity of "filial piety list" given to parents by children is also on the rise. Young people in Ningbo, Suzhou, Shanghai, Xi'an and other places are more willing to help their parents "celebrating the festival in the opposite direction". At present, the number of orders for the "filial piety list" in the country has exceeded one million, and more than 30% of the orders for the filial piety list are placed by post-95s. It is reported that after setting up the address of the parents' home, the children can place an order with one click to the group leader near their parents' home. After receiving the order for "fidial piety first choice" products, the group leader will give priority to sorting, and home delivery services will be provided for elderly people with inconvenient pickup. (Tianxia Online Business)

4. National Fashion Makeup Colorkey Tmall 618 Battle Report: 30 minutes of sales sales exceed the whole day of last year

      On June 1st, Tmall 618 officially started sales today. Data shows that the sales of colorkey Kelaqi Tmall flagship store exceeded the entire day of last year in the first 30 minutes. As of 9:00 on June 1, colorkey has been listed on the top 2 Tmall domestic makeup products in 2021. It is reported that the 618 Hello Kitty limited edition launched by colorkey Colaqi has an hourly reservation volume of more than 300,000 yuan, and the sales of single products have become the top 1 domestic cosmetics sold by 618. The "Tmall 618 Makeup/Perfume Brand Presale List" released by ECdataway shows that Kelaqi has become the top 1 domestic makeup presale in Tmall in 2021, second only to high-end foreign brands such as YSL and Estee Lauder. (Tianxia Online Business)

5. Tmall: "Tmall old-for-new service specifications" will be changed, effective on June 8

      On June 1, Tmall issued an announcement stating that in order to bring a better service experience to merchants and consumers, Tmall plans to change the rules of the "Tmall Old-for-New Service Specifications". The announcement pointed out that this rule change will be announced on June 1, 2021 and will take effect on June 8, 2021. The main changes to the rules include: adding the definitions of "residual value recycling", "no (low) residual value recycling", and "new coupons for brand purchase"; adding the process of "no (low) residual value recycling" and some rules expression adjustments. (Yibang Power)

Internet news

6. Jingxi 618 has a good start: Fresh agricultural products sold for nearly 200,000 kilograms in 10 minutes

      June 1st news, starting from midnight today, the 2021 "JD 618, 18th Anniversary Celebration" has ushered in a good start. Taking the performance of "Jingxi E-commerce" as an example, JD.com 618 data shows that in 10 minutes of the sale, the sales of Jingxi industrial belt factory products and agricultural products increased by 300% year-on-year, and fresh agricultural products sold nearly 200,000 kilograms. Among the users who place orders, the proportion of users in the sinking market is as high as 67%. Cleaning paper products in Xiaogan, Guangdong, and kitchen accessories in Jinhua, Zhejiang became the three highest-selling industrial belts. Among them, the sales of the Guangzhou Body Care Industry belt, which mainly sells shower gel, flower dew water and other products, increased by 6 times year-on-year. (Huaxia Times)

Cross-border newsletter

7. Thailand's comprehensive e-commerce logistics company Flash completed two rounds of financing of US$150 million

      On June 1, according to 36Kr's overseas report, Thailand's one-stop comprehensive e-commerce logistics company Flash Group announced that it had completed a US$150 million D+ and E round financing. The two rounds of financing investors include Thailand Huishang Bank SCB internal fund SCB10X, Thailand's information security technology provider Chan Wanich, eWTP fund, etc. The newly raised funds will be used to support the company's coordinated development in all aspects, including company operations improvement, technology structured development, differentiated operation of e-commerce platforms, expansion of company service scope and incubation of new strategies and businesses. Flash also plans to promote commercial technology and services from Thailand to Southeast Asian market. Public information shows that Flash Group was established in 2018 and is committed to providing Southeast Asian e-commerce with a complete set of infrastructure with logistics as the core. (E-commerce News)

8. Wish has added registration as a trading platform in some regions of Canada and the United States

      According to June 1st, Wish recently stated that it will add new registrations as trading platforms in some regions of Canada and the United States.

      Among them, starting from May 26, Wish will be registered as a trading platform in Saskatchewan, Canada. At the same time, Wish began to collect and pay 6% of the provincial sales tax (PST) for transactions generated in the above-mentioned provinces in Canada through the Wish platform. The goods and services tax (GST) generated in the above-mentioned provinces in Canada through the Wish platform is still responsible for collecting and paying on behalf of the merchant.

      In addition to the above provinces, transactions generated in other applicable provinces in Canada through the Wish platform are responsible for determining and paying PST on behalf of the merchant. If the merchant sets information about Canadian provinces other than the above provinces in the tax settings, Wish will display and pay the estimated amount of the PST payment of Canadian provinces specified in the tax settings to the merchant.

      It is worth noting that the PST tax settings in the above-mentioned Canadian provinces will be discontinued from May 26, 2021.

      On the other hand, starting from June 1, 2021, Wish will be registered as trading platforms in many municipalities in Colorado, USA, including: Avon, Black Hawk, Brighton, Brecknridge, Carbondale, Centennial, Federal Heights, Golden, etc.

      Wish said that it will collect and pay sales tax on transactions generated in the above municipalities in Colorado, USA starting from June 1, 2021.

      For areas where Wish is registered as a trading platform, the system will automatically calculate the sales tax generated and add it to the price paid by the consumer, and pay it on behalf of Wish. Merchants will bear the final responsibility for determining tax obligations in the tax settings, ensuring compliance with sales tax/VAT obligations, and accurately paying taxes to the corresponding tax institutions. (Tianxia Online Business)

9. Amazon US site: Sellers can sell at Brazilian sites through a unified account

      June 1 news, today, Amazon US Station announced that professional sellers of US stations can now increase sales by opening stores in Amazon Brazil. According to reports, Amazon Brazil has 31.4 million users, and its overall traffic has increased by 100% year-on-year.

      The announcement shows that sellers can quickly and easily expand to Amazon Brazil through a unified account, just like Amazon Mexico and Canada sites, without the registration process. Amazon said the platform will not charge an additional monthly subscription fee for a unified Brazil account.

      It is understood that Amazon US website also stated 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.

      In addition, data from the Brazilian Credit Card Enterprise Association shows that due to the impact of the new crown epidemic, Brazilian consumers' online shopping using bank cards and prepaid cards has increased significantly.

      At the same time, Brazilian consumers' online shopping payments totaled 435.6 billion reais in 2020, an increase of 32.2% year-on-year. Among them, credit card payments were 388.2 billion yuan, an increase of 19.8% year-on-year, debit card payments were 43.9 billion yuan, an increase of 1272% year-on-year, and prepaid card payments were 3.4 million yuan, an increase of 53.6% year-on-year. (Sina Technology)

10. eBay responds that sellers will not be able to use PayPal to receive payments: It is not true

      According to eBay123, it was reported recently that from June 1, all eBay sellers will not be able to use PayPal to receive payments. Sellers must delete their PayPal account before midnight on May 31 and enable eBay management payment service. In response, eBay official responded that the message had misleading information and was not true.

      It is reported that eBay is indeed transferring eBay to manage payment services, but it sends emails to sellers in batches to register. Sellers can go from PayPal to eBay to manage payments via the "Register Now" button in the email.

      Earlier this month, eBay posted a message to remind sellers that they should check their 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.

      As early as April this year, eBay stated that starting from April, it will send invitations to sellers to register and use management payment services in batches, and sellers are requested to pay attention to their eBay registration email address. Sellers who receive invitations need to complete registration in a timely manner to avoid any impact on their eBay business and eBay accounts.

      It is understood that eBay manages payment supports Apple Pay, Google Pay, PayPal, credit cards, etc. Through this feature, most eBay fees will be deducted directly from the sales payment and the seller does not need to pay separately. In addition, sellers can find all information related to eBay transactions and fees in the eBay seller section without the need for consolidated reports. (E-commerce News)