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

      Evening News : South Korean IT giant Kakao officially entered the e-commerce market; Amazon plans to announce its telemedicine service contract company this summer; Alibaba Pictures: Adjusted EBITA turns losses into profits for the first time in fiscal year 2020/21; the second 616 WeMall Retail Shopping Festival officially started; Tmall Dragon Boat Festival consumption big data: the growth rate of zongzi transactions from June 1 to 7 will reach 300%...

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

E-commerce newsletter

1. Tmall Dragon Boat Festival consumption big data: From June 1 to 7, the transaction volume of zongzi reached 300%

      According to the news on June 10, the big data on Dragon Boat Festival zongzi consumption released by Tmall today showed that in June, the number of people searching for the keyword "zongzi" on Tmall increased significantly, and the sales of zongzi increased by 44% year-on-year compared with the lunar calendar period last year, and the sales of zongzi mainly focused on low-fat zongzi increased by nearly 200%. In terms of regional purchasing power, Zhejiang, Guangdong, Jiangsu, Shanghai and Sichuan rank in the top five. Tmall data also shows that from June 1 to 7, the growth rate of transaction orders of Zongzi on the Tmall platform was 141%, and the growth rate of transaction amount was as high as 300%. During the start of Tmall 618, the post-90s generation became the main consumer of Zongzi, and the number of purchasers and amounts ranked first. (E-commerce News)

2. The first "Jingxi Farm" in the country will be launched in Henan

      June 10th news, yesterday, JD Group reached a strategic cooperation with the Henan Provincial Department of Agriculture and Rural Affairs. JD Group's strategic emerging business, Jingxi, will be launched in Henan, the first "Jingxi Farm" in the country. In the future, Jingxi will give full play to its core capabilities such as supply chain, technology, and logistics, and directly connect Henan's high-quality agricultural production areas and consumers across the country through the direct source procurement model, helping Henan's high-quality agricultural products to leave the village and the city at low cost and high efficiency. Specifically, Jingxi Farm will open up the entire chain of agricultural product cultivation, procurement and sales, significantly reduce the number of agricultural product handling times, reduce costs and improve efficiency, and create the shortest chain directly to the dining table in the place of origin. Jingxi Farm will also effectively expand the sales channels of agricultural products through Jingxi E-commerce and Jingxi Pinpin. (Yibang Power)

3. The second 616 WeMall Retail Shopping Festival officially started

      According to June 10, it is reported that the second 616 WeMall Retail Shopping Festival (hereinafter referred to as WeMall 616) was officially launched on June 10 and will last until June 18. It is understood that this time, WeMall 616 will move the creative pop-up store with the theme of "Trendy Planet Big Brand GO" to Shanghai Jing'an Kerry Center, and will appear at "Trendy Planet Live Night" with several celebrities on June 16 to start a live streaming and sales activity. Starting from June 10, hundreds of brands will start brand live broadcasts on their official video accounts. "Trendy Planet Live Night" will invite many stars such as Zheng Kai and Li Chen to appear in the live broadcast of WeMall Video Account starting from 18:30 on June 16. When users watch the live broadcast, click on the product link to jump to the brand mini program mall to place an order. The live broadcast on June 16 will last from 10 am to 12 pm. It is reported that the "Trendy Planet Pop-up Store" has a total of 4 trendy comprehensive exhibition areas. Consumers who check in to pop-up stores can scan the Sun code in front of the product to directly place an order on the brand mini program page, and complete the transaction conversion in the mini program mall. (E-commerce News)

4. State Post Bureau: China's express delivery development index in May was 370.8, an increase of 7.7% year-on-year

      According to June 10, the State Post Bureau released the China Express Development Index report for May 2021 today. The report shows that according to calculations, China's express delivery development index in May 2021 was 370.8, an increase of 7.7% year-on-year, and market development remained stable. Among them, the development scale index was 354.5, an increase of 21.8%; the service quality index and development capacity index were 646 and 204.7, respectively, an increase of 3.8% and 1.1% year-on-year respectively; the development trend index was 93.5, basically the same as the same period last year, and all market development indicators were stable and improving. (E-commerce News)

5. Shanghai Hema Internet Network Co., Ltd. established business scope including food business, etc.

      According to news on June 10, Tianyan Check information showed that on June 9, Shanghai Hema Internet Network Co., Ltd. was established, with the legal representative being Mu Shengyang, with a registered capital of 100,000 yuan. The company's business scope includes food business; catering services; alcohol business; third-class medical device business; computer system services; first-class medical device sales; ordinary goods warehousing services, etc. Shareholder information shows that the company is 100% owned by Hema (China) Co., Ltd. (E-commerce News)

Internet news

6. Alibaba Pictures: Adjusted EBITA turns losses into profits for the first time in fiscal year 2020/21

      According to the report on June 10, Alibaba Pictures' financial report for the 2020/21 fiscal year showed that during the 12-month reporting period ended March 31, 2021, Alibaba Pictures' revenue reached 2.859 billion yuan. Adjusted EBITA turned losses into profits for the first time, achieving a profit of 118 million yuan during the reporting period, while the loss in the 12 months ended March 31, 2020 was RMB 661 million. During the reporting period, Alibaba Pictures' content business achieved revenue of 1.425 billion yuan, a year-on-year increase of 37%, and gross profit of 344 million yuan, a year-on-year increase of 220%; IP derivatives and commercialization business revenue was 307 million yuan, a year-on-year increase of 39%, and operating profit of 161 million yuan, a year-on-year increase of 35%. After the theater restart in 2020, Alibaba Pictures produced and released 15 of the top 20 domestic films during the reporting period, contributing a total box office of more than 24.7 billion yuan. (E-commerce News)

Cross-border newsletter

7. Mexican e-commerce logistics service provider 99 minutos completed a US$40 million Series B financing

      June 10th news, according to TechCrunch, Mexican startup 99 Minutos recently announced the completion of a US$40 million Series B financing led by Prosus and Kaszek Ventures, and plans to use the funds to expand its business in Latin America. It is understood that 99 minutes is an e-commerce fast delivery service provider that provides "last mile delivery services" to other e-commerce companies. The company currently operates in 40 major cities in Mexico, Chile, Colombia and Peru and offers four services: within 99 minutes, same-day delivery, next-day delivery and carbon-free delivery. (E-commerce News)

8. Amazon plans to announce its telemedicine service contract company this summer

      According to Zhitong Finance, Amazon's vice president of medical services, Babak Parviz said on Wednesday that the company has attracted several companies interested in its telehealth services. Parviz added that Amazon plans to announce later this summer which companies have signed up to use the service. It is reported that the Amazon Care project was launched in 2019 and was originally a pilot project for employees at Seattle headquarters and its surrounding areas. The service provides virtual emergency care access, as well as free telehealth consultations and home-to-door inspections and vaccination services provided by nurses. Amazon announced in March that it will expand the virtual healthcare segment of the project to employees and other companies nationwide starting this summer. Parviz said the company is working to fully promote Amazon health services to other regions “at the fastest speed”. He added that Amazon is looking at introducing the service to rural areas in the future. (E-commerce News)

9. Cross-border e-commerce platform Global Easygou has been filed for bankruptcy

      According to the public case information recently updated by the National Enterprise Bankruptcy Reorganization Case Information Network, Shenzhen Global Yigou E-Commerce Co., Ltd. was filed for bankruptcy on June 4, 2021. The applicant is Shenzhen Nanshan Branch of Industrial and Commercial Bank of China Co., Ltd., with the case number (2021) Guangdong 03 Po Shen No. 380. It is understood that Global EasyGo is a wholly-owned subsidiary of Cross-border Communications, which mainly engages in cross-border e-commerce import and export business. Public information shows that Global EasyGo was founded by Xu Jiadong in 2007 and is headquartered in Nanshan District, Shenzhen. It was acquired by the listed company Baiyuan Pants Industry in 2014. In June 2015, "Baiyuan Pants Industry" was officially renamed "Cross-Border Connect", becoming the first cross-border e-commerce company to be listed on the A-share market. (E-commerce News)

10. South Korean IT giant Kakao officially enters the e-commerce market

      According to reports on June 10, South Korean IT giant Kakao will officially enter the e-commerce market starting from the second half of the year with open strategies such as "zero commission" and "self-built mall (D2C)". It is also reported that Kakao is approaching some manufacturers and is preparing to officially launch the e-commerce platform Kakao Store next month. It is understood that Kakao is a free chat software known as "SNS for All". In 2020, the sales of Kakao Talk's advertising and gift-giving services reached 1.11 trillion won, a year-on-year increase of 72%. Kakao's e-commerce business does not have an advantage. Last year's shopping transactions through Kakao Talk were estimated to be less than 5 trillion won. In comparison, Naver Shopping and Coupang's transaction volume last year was 28 trillion won and 24 trillion won respectively. (Yien.com)