#Laogao E-commerce Newsletter# [E-commerce Evening News on June 22]

      Evening News : Pinduoduo's US stocks fell more than 3% on Monday to US$120.78 per share; TikTok launched Jump plan and can insert the H5 mini program in the short video; cross-border payment service provider Skyee received strategic investment from Lakala.

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

E-commerce newsletter

1. Tmall compulsory courses have covered 44,000 novice merchants who participated in the 618 promotion for the first time

      According to reports on June 22, it is understood that during the 618 period, Tmall compulsory courses have fully covered 44,000 novice merchants who participated in the big promotion for the first time. Taobao Xiaocai has also been actively learned by merchants in the past quarter, and has also reached a learning peak during the 618 period. In addition to online learning, merchants can also participate in offline learning and store diagnosis at the Tmall Taobao Merchant Operation Center in Guangzhou, Foshan, Chaozhou, Jinhua and other places for free. (Yibang Power)

2. Pinduoduo's US stocks fell more than 3% on Monday to US$120.78 per share

      According to reports on June 22, US stocks closed on Monday, Pinduoduo fell 3.40% to US$120.78, with a total market value of US$151.372 billion. It is reported that recently some media reported that Pinduoduo has launched a new project called "Group Buy" which is officially operated directly, claiming to be a subsidy of 1 billion yuan, and will devote all efforts to building a brand sales platform, which is positioned equivalent to Tmall created by Taobao. (E-commerce News)

3. Banana: The omni-channel GMV exceeded 180 million yuan during the 618 period

      On June 22, the home furnishing and lifestyle brand "Jaonai" stated that as of 23:59 on June 20, Jiaonai's omni-channel GMV exceeded 180 million yuan during this year's 618 promotion, and the number of users was close to 7.5 million. During the 618th period, Banana won the championship in Tmall underwear and socks again. At the same time, within 3 months of joining the JD platform, its trading ranking rose to the top 3 in the underwear industry. In addition, according to Changanne, the fastest growing category during the 618 period was children's products, with a year-on-year increase of 8766%. (E-commerce News)

4. TikTok 618 Good Things Festival Battle Report: The total live broadcast time of merchants is 16.47 million hours

      June 22nd news, today, Douyin 618 Good Things Festival announced the battle report. The battle report shows that during the Douyin 618 Good Things Festival, the total live broadcast time reached 28.52 million hours, of which the total live broadcast time of merchants was 16.47 million hours, and the total cumulative number of viewers was 37.2 billion, of which there were as many as 153 live broadcast rooms with a single game transaction volume of over 10 million (including over 100 million). Among the top 10 hot-selling brands, it includes well-known brands such as Apple, Hou, China Gold, Huawei, Peacebird, Yili, Ecovacs, etc., covering many categories such as mobile phones, electrical appliances, jewelry, clothing, beauty, food and beverages. In the celebrity list and expert list, Luo Yonghao, Zhu Zixiao, Zhang Ting, as well as the big wolf dog Zheng Jianpeng & Yan Zhen couple, Mr. Dong Jewelry and Zi'an respectively occupy the top three of the two lists. (Yibang Power)

5. Walmart 618 Battle Report: Mini Program Sales Increased 226% Year-on-Year

      According to the official 618 battle report released by Walmart, as of 14:58 pm on June 18, Walmart O2O real-time GMV creation has exceeded the 618 full day last year. The order volume of 115 stores hit a record high on the same day. The average order volume of stores nationwide achieved double-digit growth. Walmart mini-program sales increased by 226% year-on-year, ranking first in supermarket sales at JD.com for five consecutive years. It is reported that on June 18 this year, the number of O2O orders in Walmart third- and fourth-tier cities increased by more than 80% compared with the June 18 period last year. At present, Walmart stores across the country have achieved 100% online physical stores. (Yibang Power)

Internet news

6. TikTok starts Jump plan short videos can insert H5 applets

      On June 22, TikTok announced today that it will launch Jump plan, saying it will launch Jump function to all users and expand the scope of Jump function partners. It is reported that the Jump function is similar to the mini programs in WeChat and Douyin, allowing third-party partners to use HTML5 to build mini programs in TikTok. Snapchat also has similar Mini functions.

In February this year, TikTok officially conducted a cooperative test on the Jump function and recipe sharing application Whisk, but at that time only some creators could use the function. Now, this feature will be gradually allowed to be used by all users, and companies such as BuzzFeed, Jumprope, IRL, WATCHA and other companies will also launch the corresponding Jumps mini-program on TikTok in the next few weeks. (Yibang Power)

Cross-border newsletter

7. UnionPay International and thousands of overseas e-commerce companies launched the "Universal Shopping Season"

      On June 22, it was learned from China UnionPay that UnionPay International and thousands of overseas online merchants have launched the "Universal Shopping Season for UnionPay Cards", providing exclusive discounts as low as 50% off from now until the end of August. It is reported that cross-border e-commerce platforms participating in this event include Amazon, Farfetch, Mytheresa, Harrods, iHerb, ANA overseas shopping, etc. In addition, it also includes Australian study abroad payment platform BPAY, digital entertainment merchant Steam, online travel agency Expedia, etc. Consumers can enjoy discounts by receiving digital coupons, real-time payment reduction, and cash back to the card after payment. (E-commerce News)

8. Skyee, a cross-border payment service provider, received strategic investment from Lakara

      On June 22, cross-border payment service provider Skyee announced today that it has received strategic investment from third-party payment company Lakala. Public information shows that Skyee was founded in 2016 and has a mature one-stop cross-border fund management platform. It is the first payment service provider to join Amazon's "PSPP program" and the first domestic institution in the country to carry out euro collection services. At the same time, Skyee and Lakala jointly launched a 50 million factoring financing product for the cross-border e-commerce industry, which solved the problem of capital chain turnover management for cross-border enterprises. (E-commerce News)

9. Korean portal NAVER announced that it would give up the acquisition of eBay South Korea

      June 22nd news, according to Yonhap News Agency, South Korean portal NAVER officially announced today that it would give up the acquisition of eBay South Korea. As a result, eBay South Korea's acquirer is Yimaide, a subsidiary of New World Group. NAVER said the company had considered acquiring some stake in eBay South Korea as part of strengthening its business competitiveness, but ultimately decided not to participate in the acquisition process. According to relevant sources, E-Mart plans to acquire 80% of eBay South Korea's equity for 3.5 trillion won, but E-Mart's fundraising ability may become a variable. Public information shows that as of the first quarter, E-Mart's cash and cash equivalents totaled 1.637 trillion won. (E-commerce News)

10. Amazon Cloud Technology announces that Amazon Proton is officially available

      June 22, Amazon Cloud Technology recently announced that Amazon Proton, the first fully managed container and serverless application delivery service, is officially available. This application delivery service can help customers more easily provide, deploy and monitor microservices based on modern container and serverless applications. It is reported that Amazon Proton is now officially available in the Eastern United States, Eastern United States (Ohio), Western United States (Oregon), Europe (Ireland) and Asia-Pacific (Tokyo), and other regions will be launched soon. (E-commerce News)