#Laogao E-commerce Newsletter# [E-commerce Evening News on June 21]

      PayPal has fully adjusted payment fees in the United States; 618 live streaming may become a new growth point for e-commerce users in Douyin 2000s have increased by more than 3 times; Xianyu 618 has launched the "Yusheng After the Festival" resale event in the later period; Alibaba's AI voice and semantics market growth rate is 96%, ranking first in China; Douyin computer web version is officially launched...

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

E-commerce newsletter

1. Xianyu 618 launches the "Yusheng After the Festival" resale event

      According to June 21, Xianyu borrowed the joke of "Yusheng after the holiday" by netizens, and launched a reselling activity page on the App homepage and launched high-priced recycling and other services. Xianyu data shows that after the 618 event began, many users have published information on resale of goods, including digital, home appliances, clothing, beauty, and maternal and child products. Among them, the number of digital products released exceeded 2.7 times that of the same period last year. Because of the amazing discounts on Tmall 618 Apple phones this year, many users have purchased new phones such as iPhone 12, and "changing it" has become the most frequent reason for reselling. (E-commerce News)

2. Convenience Bee: The number of people serving at 20:00 pm to 2:00 am during the European Cup increased by 23% month-on-month

      According to June 21, with the opening of the European Cup, Convenience Bee data shows that from June 12 to June 18, from 20:00 to 2:00 a.m., Convenience Bee's service number of community-type stores in first-tier cities increased by about 23% compared with the same period last month; during the same period, the overall takeaway order volume of such stores increased by more than 31%. In the early morning hours from June 12 to June 18, the search volume of products in various categories increased by more than 39% month-on-month compared with the same period last month. This further led to an increase in the opening rate of Apps and Mini Programs, and the number of clicks on the "Find Store" button also increased by 19%. During this period (early morning time), according to a survey by Convenience Bee, convenience stores served in 7×24 time have become an important channel for everyone to shop. (E-commerce News)

3. Tmall releases "The Life of the Later Waves in the Shopping Cart"

      On June 21, Tmall released the "School of the Long Waves' Life Picture Book", announcing the new categories and new trends that emerged in young people's shopping carts during the 618 period. According to analysis, women have started to liberation of their breasts, and no-wire and size-free underwear have become a new trend; after "men's makeup", men's medical beauty has also become popular; young people's yearning for nature has been ignited this year, giving birth to new "three bankrupt brothers" camping, fishing and surfing; at the same time, the enthusiasm of post-90s to return to the kitchen has increased unprecedentedly, with pre-made dishes increasing by more than 120% year-on-year. (E-commerce News)

4. The Douyin computer web version is officially launched

      On June 21, the Douyin computer web version was officially launched, supporting functions such as like videos, viewing comments, and sharing videos. Comments are not supported for the time being. It is understood that the top of the Douyin computer web version also provides video tags, including all, live broadcast, entertainment, knowledge, two-dimensional, games, food, sports, fashion, and music. At present, Douyin account on the web page supports users to log in through verification code or scanning code, but they cannot log in through password for the time being. (E-commerce News)

5. 618 live streaming may become a new growth point for e-commerce users born in TikTok 2000s.

      According to June 21, live broadcast platforms such as Kuaishou and Douyin joined the 618 event for the first time this year. According to data from May 25 to June 18, the cumulative duration of Douyin e-commerce live broadcast room reached 28.52 million hours. During the 618 period, the group with the most new users on the platform was born in the 2000s, with a year-on-year increase of 392.1%. The second is the post-90s group, with a year-on-year increase of 225.9%. Relevant personnel said that judging from the various activities of 618, merchants operate on multiple platforms, and merchants on various platforms such as Douyin and Kuaishou may have become one of the new growth points of e-commerce. In addition, during the Douyin 618 promotion period, Luzhou Laojiao's self-broadcast sales increased by 164.5% month-on-month, while Pechoin, Hengyuanxiang, Huili and Inlianli increased sales by 80.8%, 65.8%, 43.9% and 18.4% month-on-month respectively. (Yibang Power)

Internet news

6. Alibaba AI voice and semantics market growth rate is 96%, ranking first in China

      On June 21, the international authoritative research institution IDC recently released the "China Artificial Intelligence Software and Application Market Research Report-2020". IDC data shows that Alibaba AI has the fastest growth trend in the field of speech semantics, with an annual growth rate of 96.6%, exceeding Baidu's 59.8% increase and iFlytek's 24.3% increase, ranking first among the major Chinese voice semantic manufacturers. At the same time, Alibaba AI's total revenue ranks among the top two in China. It is reported that Alibaba's voice semantic technology has penetrated into various industries, including finance, law, e-commerce, transportation, etc., and is widely used in conferences, customer service, IoT, search, text analysis and other scenarios. (Yibang Power)

Cross-border newsletter

7. eBay releases announcement: New EU VAT regulations are online

      According to June 21, recently, eBay issued a notice on "new EU VAT regulations will be launched". The notice shows that if the seller has registered an EU or UK VAT number, he or she needs to provide a VAT rate and an import one-stop (IOSS) service number. If the seller has not registered an EU or UK VAT number, he or she needs to first understand the EU import VAT and provide an import one-stop (IOSS) service number. It is understood that from July 1, 2021, eBay will collect and pay VAT on behalf of the transactions shipped to the EU for no more than 150 euros. For eBay requisition and payment transactions, sellers need to submit the import one-stop (IOSS) service number provided by eBay to the carrier electronically. (Sina Technology)

8. Indonesian e-commerce company Bukalapak seeks to go public at the end of August

      June 21 news, according to Reuters, two people familiar with the matter said that Indonesian e-commerce company Bukalapak plans to seek up to 800 million in its IPO in August. According to people familiar with the matter, as investors' interest in the rapidly expanding technology industry in Southeast Asia has increased significantly, Indonesia's fourth largest e-commerce company Bukalapak plans to sell 10%-15% of its shares and hopes that the company's valuation can reach between 4-5 billion. One of the people familiar with the matter added that Bukalapak has secretly filed a listing prospectus to the Indonesia Stock Exchange. Depending on investor demand and market conditions, the fundraising amount of this issuance may be between $500 million and $800 million. (E-commerce News)

9. Amazon Cloud Technology and Huya launch Sky Eye Content Security SaaS Solution

      June 21st news, Huya Company and Amazon Cloud Technology Marketplace jointly launched the "Sky Eye Content Security SaaS Solution". Users in 25 regions covered by Amazon Cloud Technology can quickly search through Marketplace, purchase and quickly access this service to achieve external technology output. It is understood that this is the first SaaS solution launched by Huya Company. The average number of images processed per day reaches 1 billion, the number of barrage screens reaches 50 million, the accuracy and recall rate of violations are as high as 99%, and the effective recall rate of one minute reaches 95%, effectively ensuring the quality and compliance of real-time content creation. Recently, Amazon Cloud Technology announced that Amazon Cloud Technology Marketplace (China), operated by Xiyun Data, officially supports the online browsing and subscription functions of SaaS (Software as a Service) products. (E-commerce News)

10. PayPal comprehensively adjusts payment fees in the United States

      According to cnBeta, in addition to reducing the behind-the-scenes processing costs of some Visa and Mastercard transactions, PayPal Holdings also plans to increase the merchant costs of some brands to pay products. The move reflects the value of its proprietary services, with consumers almost three times more likely to complete a purchase when PayPal products are checked out, while users with new buy-first and pay-after options spend 15% more on average. PayPal will charge sellers a 3.49% plus 49 cents fee, including its buttons and digital wallets on the merchant’s website. The higher rates are available for PayPal Checkout, Pay with Venmo, PayPal Credit and new PayPal Credit. (E-commerce News)