#Laogao E-commerce Newsletter# [E-commerce Evening News on June 24]

      Evening News : Institution: SHEIN ranks second on the global popular shopping application list, second only to Amazon; Kuaishou announced the launch of the "Kuaishou Xinzhibo" knowledge live broadcast season; Announcement Bank's agricultural assistance plan: provide interest-free loans to 100 county industrial belts across the country; Ele.me's "Sunshine Fruit Cut" daily order volume has increased by 12 times in half a year; it is said that executives of Alibaba's MMC business group will change this year's target average daily GMV of 350 million yuan...

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

E-commerce newsletter

1. NetEase Youdao 618 Battle Report: The number one sales in Tmall and JD Electronic Dictionary categories

      On June 24, JD.com officially released data, NetEase Youdao Dictionary Pen ranked first in sales in JD.com electronic dictionary category, and the sales of the entire store were 2.88 times the total of the second to tenth places. On June 18, Youdao Dictionary Pen sales increased by 165.8% year-on-year, and the sales in the first 11 hours exceeded the 618 full days last year. In addition, the 618 activity data released by Tmall Business Consultant shows that as of June 20, NetEase Youdao ranked first in the electronic dictionary brand list with a year-on-year growth rate of 157%. (E-commerce News)

2. It is said that the executives of Alibaba MMC business group have changed. This year's target average daily GMV is 350 million yuan.

      On June 24, according to "Connect Insight", Zou Zhijun, the former head of the channel of Alibaba MMC business group, has been transferred and will remain in the group as assistant partner of Alibaba Group Dai Shan, in the future. His position will be taken over by Li Bo, former director of operation and financial director of B2B business group. At the same time, Wang Tingxiang, who is responsible for the operation of the MMC business group, will assume the role of a similar person in charge of Meituan's business analysis department in the future. An Alibaba employee revealed that the MMC business group plans to form a business analysis team specifically for community group buying business, and is expected to prepare a scale system of more than 100 people and improve the decision-making mechanism. It is reported that as of June 23, the impact target for 2021 set by the MMC business group is: to open more than 20 provinces, with an average daily number of items reaching 40 million orders and an average daily GMV of 350 million yuan. (E-commerce News)

3. Ele.me’s “Sunshine Fruit Cut” daily order volume increased by 12 times in half a year

      According to the news on June 24, Ele.me data showed that the average daily order volume of "Sunshine Fruit Cut" channel on the platform increased by 12 times in half a year. It is understood that Ele.me launched the "Sunshine Fruit Cutting" project in November 2020. Baiguoyuan, Xianfeng Fruit, Fruit Cutting NOW, etc. are the first fruit brands to sign a contract with the Sunshine Fruit Cutting Agreement. Up to now, there are more than 20,000 merchants signed for this project, and the fruit-cut stores are mainly distributed in cities such as Beijing, Shanghai, Guangzhou, Shenzhen, and Suzhou. Other data shows that in 2020, 57.78% of Chinese consumers purchased fruits online, and the peak time of fruit cutting orders at night is. (E-commerce News)

4. Top 10 Most Valuable Leisure and Travel Brands in 2021: Ctrip ranks second

      On June 24, Brand Finance, a British brand evaluation and strategic consulting company, recently released the 2021 leisure and tourism brand value report, rated the top ten most valuable brands in the leisure and tourism industry. Report data shows that although Booking.com's brand value fell 19% from about $10.2 billion in 2020 to about $8.3 billion in 2021, it remains the most valuable leisure travel brand in the world. Ctrip ranked second with a brand value of US$3.496 billion, and Airbnb ranked third with a brand value of US$3.428 billion. It is worth mentioning that among the top ten leisure and tourism brands, there are four Chinese brands, namely Ctrip, China National Travel Service, OCT, and Happy Valley. (E-commerce News)

5. Ant Commercial Bank’s Farming Assistance Plan: Provide interest-free loans to 100 county industrial belts across the country

      According to June 24, in order to implement the core strategy of developing rural finance, Ant Commercial Bank launched the 2021 Rural Revitalization "Assisting Farmers Plan". Starting this month, it will cooperate with governments in many places to provide 60-day interest-free loans to characteristic industries in 100 counties across the country. According to reports, farmers, e-commerce sellers, etc. engaged in characteristic industries such as apples, citrus, crayfish, etc. can apply for a 2-month interest-free loan from the Internet Merchants Bank; 1,000 industry leaders selected by the local government and others can obtain an annual interest-free loan. All interest-free loans can be applied and collected within 3 minutes through mobile phones. (E-commerce News)

Internet news

6. Kuaishou announced the launch of the "Kuaishou New Knowledge Broadcast" knowledge live season

      On June 24, Kuaishou announced today that it will launch a large-scale live broadcast event "Kuaishou New Knowledge Broadcast". From now until September 24, Kuaishou will invite more than 1,000 professional knowledge celebrities to link hundreds of industry leading platforms and institutions, bringing tens of thousands of knowledge live broadcasts, covering 16 practical categories. It is reported that institutions that have been confirmed to join "Kuaishou Xinzhibo" include Zhihu, De, Himalaya, China National Geography, etc., as well as knowledge celebrities in various fields such as Ouyang Ziyuan, Wu Xiaobo, Chen Ming, Zhou Liuye, and Pan Luan. (E-commerce News)

Cross-border newsletter

7. eBay announces that it will sell 80% of its South Korean business to Emart for US$3 billion

      June 24th news, eBay announced today that it will sell 80.01% of its shares in its South Korean business (including G-Market, IAC and G-9) to Emart (Emmaid), a subsidiary of South Korean retail giant New World Group, for a price of 3.44 trillion won (about US$3 billion), and retain 19.99% of its shares. According to the announcement, the implied value of eBay's entire South Korean business is about US$3.8 billion. The above transaction is expected to be completed by the end of this year or early next year, but it requires regulatory approval. In addition, eBay retains approximately 4% of its shares in Kakao Bank. (E-commerce News)

8. News says that users have been downtime on multiple Amazon websites

      On June 24, downtime monitoring website Downdetector said that late Wednesday, Amazon's Alexa and Prime Video platforms experienced a large number of users' downtime. Data from Downdetector shows that more than 4,000 users reported problems with Amazon's online store website, more than 1,000 users reported problems with Prime Video, and 300 users reported problems with Alexa. The reasons for the downtime of users are not yet known, and Amazon did not immediately respond to a request for comment. It is reported that at the beginning of this month, globally renowned websites such as Amazon, Google, and Twitter suffered a downtime of nearly an hour. The downtime was related to Fastly, a cloud service provider that supports these websites. (Sina Technology)

9. Organization: SHEIN ranks second on the global popular shopping application list, second only to Amazon

      According to reports on June 24, Sensor Tower store intelligence estimates showed that in the first half of 2021, the global shopping application downloads reached 2.47 billion times (as of June 22), slightly higher than the same period last year, an increase of 32% compared with the first half of 2019. Amazon Shopping has won the global shopping app download list with 78.8 million downloads. Cross-border e-commerce SHEIN has rapidly risen in the Americas, Europe, Southeast Asia and the Middle East, with a download volume of about 75 million times in this issue, surpassing Shopee and Wish to rank second on the list, becoming the world's number one mobile fast fashion brand. In the first half of 2021 list, the headquarters or R&D department has set up as many as 6 applications in China. (E-commerce News)

10. Cainiao officially launches China-Africa cross-border parcel line



      On June 24th, Cainiao officially launched the China-Africa cross-border parcel line today, and the plane took off from Hong Kong, China to Nigeria, with more than 6 flights per week. This dedicated line shortens the cross-border parcels from China to Africa from the original 60 days to about 20 days, which not only shortens the time due to cargo transit, trunk transportation, sorting and transportation, but also provides Chinese cross-border merchants with one-stop logistics solutions including domestic collection, international transportation, terminal customs clearance and distribution, logistics details tracking, after-sales processing, etc. It is understood that the Cainiao African cross-border parcel line has currently covered the entire territory of Nigeria and is expected to cover other African countries such as Morocco, Egypt, and Kenya this year. (E-commerce News)