#Laogao E-commerce Newsletter# [June 3 E-commerce Morning News]

     Morning news : Tmall 618 first-day battle report: 755 new brands have sold over one million in a day; "Kuaishou 616 Zhenxin Night" is officially announced; Shopee released the automated operation tool "Shopeego" to help local store sellers; eBay responded that sellers will not be able to use PayPal to receive payments: it is not true; Ministry of Industry and Information Technology: As of the end of April, the number of e-commerce APPs in China reached 298,000...

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

E-commerce newsletter

1. Tmall 618 first-day battle report: 755 new brands have sold over one million in one day

      According to reports on June 2, Tmall 618 data showed that 755 new brands had a transaction volume of more than 1 million yuan on the first day of 618's good start. Brands such as Tianke, Yunjing, Ubras and iQoo have a small target of over 100 million in commission transactions, becoming the new brand in the first echelon of Tmall 618 sales. New brands in the beauty and personal care, food, electronics and installation industries have all achieved considerable results. Among them, a number of new brands with "a single-day transaction volume of over 10 million" were born in the beauty and personal care industry, such as Huaxizi and Perfect Diary, and new food brands such as Liziqi. (E-commerce News)

2. "Kuaishou 616 True Heart Night" officially announced

      June 2nd news, today, the "Kuaishou 616 True Night" jointly created by Kuaishou, Jiangsu Satellite TV and Zhejiang Satellite TV, was officially announced, and the party time is scheduled to be 20:21 on June 15th. It is reported that the theme of this evening party will focus on "worthy of every point of trust". This evening party will gather dozens of stars and connect with the top professional hosts in Kuaishou e-commerce site. It is understood that Kuaishou E-commerce launched the "616 Quality Shopping Festival" event last year, which officially started on June 6 and lasted until June 18. (E-commerce News)

3. Suning Logistics' 618 E-commerce Festival's first day shipment completion rate reached 99.5%

      According to the news on June 2, official data showed that Suning Logistics' shipment completion rate reached 99.5% on the first day of the 618 E-commerce Festival, the national super cloud warehouse shipment volume increased by 171% year-on-year, and the completion rate of large-scale home appliances and home furnishings reached 98.5%. It is reported that on June 1, Suning.com launched the "Happy Live Night" event on June 1. As of 0:00 on June 1, the total number of views on the entire network was nearly 109 million. Data shows that in the first 18 hours of June 1, Suning Supermarket sales increased by 125% year-on-year, and the number of buyers increased by 154% year-on-year, ushering in the first sales peak since 618. (E-commerce News)

4. Dada Group: Since the 618 event started, its JD Daojia platform's overall sales have increased by more than 140% year-on-year.

      36Kr learned that according to Dada, since the launch of the 618 event, the overall sales of its JD.com home delivery platform have increased by more than 140% year-on-year, and mobile phone sales have increased by 1,500% year-on-year. Users in more than 500 counties, districts and cities across the country have received mobile phone products within 1 hour, among which iPhone 12 sales increased by more than 200% month-on-month; sales of beauty products exceeded 2 times the same period last year, and sales of skin cleaning products exceeded 4 times the same period last year. (36Kr)

Cross-border newsletter

5. Shopee releases the automated operation tool "Shopeego" to help local store sellers

      On June 2, Shopee local store management tool "Shopeego", independently developed by Xiapidog Technology Co., Ltd., was officially released yesterday. This is the first automated operation tool designed specifically for Shopee local sellers of Southeast Asian e-commerce Shopee, which can greatly improve seller operation efficiency. It is reported that Xiapei Dog (Shenzhen) Technology Co., Ltd. focuses on Shopee e-commerce platform and provides store operation services for sellers, solving a series of problems such as registration and opening a store, supply of goods, cross-border logistics, overseas warehousing, order processing, intelligent customer service, overseas payment collection, store custody, etc. (E-commerce News)

6. Amazon logistics batch clearance plan has been implemented in the United States, Germany, France and other sites

      On May 31, Amazon Global Store recently opened a store and stated that the Amazon FLM batch clearance plan has been officially launched on Amazon's US, Germany, France, Spain and Italy sites. This is one of Amazon's projects to clean up redundant inventory, aiming to help sellers deal with redundant inventory and buyer returns, avoid warehousing and disposal processing fees, prevent waste, and recover part of the cost of the goods.

      At present, the applicable conditions of the Amazon FLM batch clearance plan are: First, the goods must comply with the local laws, safety and regulatory guidelines of the country of destination; Second, the goods cannot be dangerous goods, goods that exceed the validity period, easy-to-renewal goods, categories that require approval, goods that are prohibited from selling by Amazon FLM and other restricted goods; Third, for unsold inventory, only goods that are "damaged by the buyer", "damaged by the carrier" or "damaged by the dealer" can apply to participate in the program, because the goods that are "expired", "defective" and "deposit room" do not meet the requirements.

      In addition, Amazon Germany/France/Italian/Spain sites require sellers to enable VAT Calculation Service (VCS) to clear inventory through the program.

      Amazon mentioned that normally, Amazon will charge a product processing fee and sales commission for goods cleaned through the program, which will be charged according to the sales commission ratio of various categories of FBA.

It is worth mentioning that there is currently no charge for the FBA bulk clearance program at European sites. European station sellers can experience the program for free and clean up inventory. (E-commerce News)

7. 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. (E-commerce News)

8. 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. (E-commerce News)

Internet news

9. Beike Real Estate Strategic Investment "Vision Mingchuang" amounted to 700 million yuan

      According to news on June 2, Tianyan Check showed that Shenzhen Vision Mingchuang Management Consulting Co., Ltd. added a new financing trend today: it received a strategic financing of RMB 700 million, and was invested by Beike Real Estate. According to information, Shenzhen Vision Mingchuang Management Consulting Co., Ltd. was established in March 2018. Its legal representative is Yu Hongjie. Its business scope includes house rental; property management; cleaning services; loading and unloading (except transportation); business e-commerce; furniture and household appliances; retail furniture, clothing, shoes and hats, needle textiles, daily necessities, electronic products, flowers, and small accessories sales, etc. (E-commerce News)

10. Ministry of Industry and Information Technology: As of the end of April, the number of e-commerce APPs in my country reached 298,000

      According to June 2, the Ministry of Industry and Information Technology recently announced that the overall number of mobile applications in my country has decreased significantly from January to April. As of the end of April 2021, the number of APPs monitored in my country's domestic market was 3.02 million, a net decrease of 250,000 from the end of last month. Among them, the number of game APPs continues to lead, reaching 739,000, accounting for 24.5% of all APPs. The number of daily tools, e-commerce and life service APPs reached 458,000, 298,000 and 271,000 respectively, ranking second to fourth, accounting for 15.2%, 9.9% and 9% of all APPs, respectively. Among them, the number of downloads of e-commerce APPs was 110.4 billion. (E-commerce News)