#Laogao E-commerce Newsletter# [E-commerce Morning News on June 29]

      Morning News : Taobao Global Shopping released the 618 battle report live broadcast transaction volume increased by 30% year-on-year; Dingdong Maicai will raise funds to the United States by more than 70%; Wenzhou's cross-border e-commerce imports and exports of 3.29 billion yuan increased by 58.9 times year-on-year; Amazon Japan Station launched a limited-time subsidy activity for warehouse transportation costs; Qunar: The 2021 summer travel hotel booking volume has exceeded 30% 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. Taobao Global Shopping releases 618 battle report live transaction volume increased by 30% year-on-year

      On June 28, Taobao Global Shopping released its 618 battle report today. From June 1 to 20, more than 30 million users purchased overseas products, and the global shopping live broadcast transaction volume increased by 30% year-on-year. Among them, 80% of consumers are women. In terms of user age, the number of people born in the 2000s is the largest, with 31% aged 18-24, an increase of 25% over the same period last year; for silver-haired people over 50, the number of people increased by 30% year-on-year. During the 618th period, beauty, clothing, and jewelry became the most popular categories, gathering many popular products. Among them, jewelry jewelry has the fastest growth, with nearly 50% of women who like to buy their favorite jewelry through live broadcasts. (E-commerce News)

2. B2B e-commerce Youquhui Holdings plans to list in Hong Kong on July 12

      On June 28, B2B e-commerce company Youquhui Holdings, which focuses on Japan's fast-moving consumer goods, announced its global offering plan. The company plans to issue 30.6906 million shares, of which 3.0692 million shares will be issued in Hong Kong and 27.6214 million shares will be issued in international offerings, with an additional 15% over-allotment; from June 28 to July 5, 2021, the expected pricing date will be July 5; the offer price per share is between HK$11.86 and HK$15.35, with 200 shares per lot of trading unit, and the entry fee is about HK$3,100. It is expected that the shares will be listed on the main board of the Stock Exchange on July 12, 2021. According to the prospectus, in 2020, Youquhui Holdings had revenue of 2.8008 billion yuan, gross profit of 888.1 million yuan, and loss of 1.9 million yuan. (E-commerce News)

3. Baozun E-commerce has acquired Yishang with full capital

      On June 29, it is reported that Chinese brand e-commerce service provider Baozun E-commerce Co., Ltd. announced today that it has signed a final agreement with fashion brand e-commerce solution provider Shanghai Yishang Network Information Co., Ltd. ("Yishang"), to acquire 100% of Yishang's equity through an all-cash transaction. It is expected that the transaction will be completed in the third quarter of 2021.

According to information, Yishang was founded in 2008 and is headquartered in Shanghai. It is an e-commerce solution provider focusing on introducing international fashion brands into China. (E-commerce News)

4. Dingdong Maicai will significantly reduce its IPO financing target in the United States by more than 70%.

      On June 29, Dingdong Maicai, supported by SoftBank Vision Fund II, said on Monday that the company has significantly reduced the scale of its IPO in the United States to about a quarter of its previous target.

      Dingdong Maicai is currently seeking to raise up to $94.4 million, while its previous plan was to raise up to $357 million, according to a regulatory filing.

Dingdong Maicai said the company's goal is to issue 3.7 million shares of American depositary shares, with a price of between $23.50 and $25.50 per share. The company had earlier said it would seek to issue 14 million American depositary shares. (Sina Technology)

Cross-border newsletter

5. Wenzhou's cross-border e-commerce imports and exports of 3.29 billion yuan increased by 58.9 times year-on-year in the first five months of this year.

      According to June 29, cross-border e-commerce has now become a new engine for Wenzhou to promote foreign trade transformation and consumption upgrading. Wenzhou Customs data shows that in the first five months of this year, Wenzhou City imported and exported 3.29 billion yuan through the customs cross-border e-commerce management platform, a year-on-year increase of 58.9 times, of which 2.55 billion yuan was exported, a 58.4 times increase, and imports were 740 million yuan, a year-on-year increase of 60.6 times. It is reported that since the Wenzhou Comprehensive Bonded Zone launched its first cross-border e-commerce import business on June 19, 2020, the order volume has shown explosive growth. As of now this year, Wenzhou Comprehensive Bonded Zone has completed 2.936 million cross-border e-commerce orders, 2.4 times that of the whole year last year. (E-commerce News)

6. German e-commerce platform Zalando expands its Internet retail plan to Belgium

      June 28th news, recently, German e-commerce platform Zalando announced that it will launch its Internet retail plan in Belgium. Belgian retailers can now connect their physical stores to the Zalando platform and sell their products online to millions of Zalando customers. It is reported that bpost will work with Zalando to support its seamless processing of delivery and parcel returns. At the same time, in order to support retailers to eliminate the impact of the COVID-19 epidemic, Zalando will reduce commissions by the end of the year and provide weekly payments to support store liquidity. It is reported that Zalando was established in Berlin in 2008 and provides clothing, footwear, accessories and beauty products to approximately 42 million active customers in 20 markets. (E-commerce News)

7. Amazon Japan Station launches limited-time subsidy activity for transportation in warehouses

      On June 28, Amazon Global Store opened a notice today, and Amazon Japan has launched a limited-time subsidy promotion for new cross-border sellers on transportation costs. Eligible sellers can receive a shipping fee subsidy for warehouse entry, up to 33,000 yen. The notice shows that from June 28 to December 28, 2021, the seller will send at least 150 new FBA products to the Amazon Japan Station Operation Center and will receive a subsidy of 11,000 yen. (E-commerce News)

8. AliExpress plans to increase the number of charter flights from China to Brazil every week to 6

      According to reports on June 28, Yan Di, head of Alibaba's global AliExpress Brazil business, said recently that the company plans to expand its business in Brazil, increasing the number of charter flights from China to Brazil to 6 times a week. Brazilian consumers can arrive at Brazilian customs for up to 7 days. The transportation of these goods in Brazil will be mainly handled by the Brazilian Post Office. AliExpress said that the "last mile" shipping time will be extended to all major metropolitan areas and cities in Brazil in the next few months. (E-commerce News)

Internet news

9. BOSS Direct Recruitment launches the "Boss Direct Recruitment" app

      According to Tech Planet, BOSS Direct Pin recently launched an app called "Boss Direct Pin". Both apps were developed by Beijing Huapin Borui Network Technology Co., Ltd. The Boss Direct Pin download page shows that the latest version will be updated on June 28. The previous BOSS Direct Recruitment App is consistent with the current Boss Direct Recruitment App. (E-commerce News)

10. Qunar: The number of hotel bookings for summer travel in 2021 has exceeded 30% of the same period in 2019

      According to the news on June 28, Qunar.com recently released the "2021 Summer Travel Report" that this year's summer travel product bookings show the characteristics of "hotel first". Currently, the number of hotel bookings has exceeded 30% in the same period in 2019, of which the proportion of high-star hotels has increased by nearly 10%. Under the influence of supply and demand, the average nightly price of summer hotels has also increased from 502 yuan in 2019 to 688 yuan. As of now, Shanghai has become the city with the most passengers departing in the summer, followed by Beijing and Chengdu. Among them, Shanghai-Xining and Beijing-Xining have become the routes departing from the two places, with the highest booking popularity increasing. (E-commerce News)