#Laogao E-commerce Newsletter# [E-commerce Morning News on June 10]

      Morning news : Alibaba's first western e-commerce report: The number of entrepreneurs who open stores on Taobao exceeded the central and eastern regions for the first time; a total of 29,000 overseas brands participated in the event during Tmall 618; Kuaishou E-commerce: The "ZTE" brand investment will resume from now on; Amazon's US station will charge sales tax on FBA orders on July 1; Tujia: The number of early bookings for Dragon Boat B&Bs reached 110% in the same period in 2019...

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

E-commerce newsletter

1. During Tmall 618, a total of 29,000 overseas brands participated in the event.

      According to June 9, Tmall 618 promotion is underway recently. Data shows that on June 1, a total of 755 new brands on the Tmall platform had a single-day transaction volume of more than 1 million yuan. During the 618 period, a total of 29,000 overseas brands participated, of which nearly 400,000 imported new products and nearly 2,000 overseas brands participated for the first time. On June 1, the transaction volume of imported alcohol and pet health products increased by 20 times year-on-year, and the transaction volume of imported home aromatherapy and baby skin care products increased by 135% and more than 90% year-on-year respectively. (E-commerce News)

2. Kuaishou E-commerce: Resuming the "ZTE ZTE" brand investment from now on

      On June 9, Kuaishou E-commerce’s official Weibo account “Kuaishou Store” released a message saying that after Kuaishou E-commerce verification, ZTE ZTE’s official flagship store does not involve the sale of illegal products. Kuaishou E-commerce attaches great importance to the official cooperation with ZTE Mobile and resumes the "ZTE ZTE" brand investment from now on. "Guardian Bao F6 Pro" is a counterfeit and shoddy product. The product involved has nothing to do with ZTE mobile phones. (E-commerce News)

3. Jiangxi launches 2021 Ganpo 618 E-commerce Festival JD.com will issue exclusive consumption coupons for 100 million yuan

June 9th news, yesterday, "Huishuang Summer Consumption Prospers Gansu" - the 2021 Ganpo 618 E-commerce Festival was launched in Nanchang, Jiangxi. This event is guided by the Jiangxi Provincial Department of Commerce, sponsored by JD Group, and hosted by Jiangxi E-commerce Association. During this e-commerce festival, JD.com plans to       invest ; at the same time, it will link Jiangxi's local characteristic and advantageous industrial products and key enterprises to organize a special event on the Jingxi e-commerce platform to promote the accelerated rise of Jiangxi's famous and special Gan products. (E-commerce News)

4. News said Dingdong Maicai plans to raise US$500 million through IPO to value US$6 billion

      On June 10, three people familiar with the matter revealed that the fresh food e-commerce platform "Dingdong Maicai" plans to raise about US$500 million through IPO. Two people familiar with the matter said Dingdong Maicai’s target valuation is at least $6 billion. However, the valuation of this target has not been finalized and may be adjusted in the future based on market feedback. Dingdong Maicai plans to launch an IPO offering within two weeks and may be listed as early as the end of June. Dingdong Maicai has not commented on this. (E-commerce News)

Cross-border newsletter

5. Amazon US website will charge additional sales tax on FBA orders on July 1

      June 9th news, Amazon's US website recently issued an announcement that from July 1, sales tax will be calculated and collected for FBA orders sold to Florida and Kansas.

The announcement shows that due to changes in local tax laws in the United States, Amazon has increased sales taxes on two continents. Up to now, more than 45 states in the United States have to pay sales tax, and the remaining five states are also negotiating and implementing the new tax law.

It is reported that the US Department of Commerce has previously stated that it is expected to comply with sales taxes for the U.S. e-commerce market by the end of 2021.

This means that the costs of Amazon's US site sellers will rise sharply. (Yibang Power)

6. Wuhan Customs has inspected and released a cumulative cross-border e-commerce import and export list in the first week of 618. More than 1.5 million votes

      According to June 9, it is understood that Hubei cross-border e-commerce has ushered in "two booms" in imports and exports during this year's 618 Shopping Festival. In the first week of the event starting from June 1, Wuhan Customs' cross-border e-commerce supervision site has cumulatively inspected and released more than 1.5 million tickets, with a value of more than 100 million yuan. Among them, the number of cross-border e-commerce tickets on the first day of the event on June 1st hit a single-day high in Wuhan Customs District. (Yibang Power)

7. Best Buy released its first quarter financial report for 2021 online sales growth 37.2%

      According to reports on June 9, it is reported that recently, Best Buy released its financial report for the first quarter of 2021. Data showed that its net income in the first quarter was higher than US$159 million last year, reaching US$595 million. Among them, online sales rose 37.2%, higher than analysts' expectations for 22.4% in StreetAccount survey. The company said sales in almost all categories saw the largest increase in home theaters, computers and appliances. It is understood that Best Buy Group was founded in Minnesota in 1966. It is the world's largest retail group for household appliances and electronic products. In the fiscal year 2000, the company launched its first online shopping platform. (E-commerce News)

8. Amazon's advertising rate increased by more than 50% year-on-year in May

      According to reports on June 9, Amazon's advertising rate increased by more than 50% year-on-year in the past May. This means Amazon's growing profitability will continue, especially during the upcoming PrimeDay summer promotions and the Christmas shopping peak at the end of the year. Analysts point out that the rise in advertising rates could provide impetus for lawmakers and regulators to require Amazon to pay higher taxes. (E-commerce News)

Internet news

9. Alibaba's first western e-commerce report: the number of entrepreneurs who open stores on Taobao exceeds that of the Central and Eastern regions for the first time

      According to June 10, a few days ago, the "Western E-commerce Development Report 2021" released by the Digital Economy Research Institute of Central South University of Finance and Economics and Law and Alibaba, showing that in 2020, the growth rate of new entrepreneurs opening stores on Taobao in the western region surpassed other regions for the first time, leading the country; rural e-commerce represented by Taobao villages and towns increased explosively, and last year the four provinces achieved "zero breakthroughs"; reflected in logistics, within two years, the average time for parcel delivery in the eastern and western regions was shortened by 16 hours. (Bailuo.com)

10. Tujia: The number of bookings for Dragon Boat Festival B&Bs reached 110% in the same period in 2019

      According to the report statistics, the booking volume of Dragon Boat Festival B&B orders in advance from May 30 to June 6 has reached 110% of the same period in 2019. It is expected that the order volume of Dragon Boat Festival B&B orders in the entire Dragon Boat Festival will exceed 2019 in all respects. During the same period, the average customer unit price of Dragon Boat Festival B&B was about 594 yuan, which also increased to a certain extent compared with the level before the epidemic in 2019. In terms of tourism methods, long-term tours on Dragon Boat Festival have cooled significantly this year. The demand for travel for Dragon Boat Festival visits to relatives and friends, travel and vacation is mainly medium and short distances, and more than 56% of users choose to travel within the province. (E-commerce News)