Evening News : Dingdong Maicai rose by more than 90% the next day after its listing, and its market value once exceeded US$10 billion; Shanghai: Wig wholesale prices rose significantly, and some products were sold out; Mafengwo’s “New Tourism Trend” report: Nearly 80% of post-95s love red tourism; Amazon announced that it would invest in Ion Energy, a supplier of the photovoltaic industry; Cross-border e-commerce Ziwuyu submitted a prospectus in Hong Kong: sales in 2020 reached 1.898 billion...
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E-commerce newsletter
1. Dingdong Maicai rose by more than 90% the day after its listing, and its market value once exceeded US$10 billion.
On July 1, the stock price of fresh food e-commerce company Dingdong Maicai soared the second day of its listing. On the evening of June 30, Beijing time, the stock triggered a suspension of trading twice within one hour of opening. After the trading resumed, the increase once exceeded 90%, and its market value once exceeded US$10 billion during the session. As of Wednesday's U.S. stock market close, Dingdong Maicai rose 62.84%, with a quotation of US$38.30, with a total market value of US$9.027 billion. It is reported that Dingdong Maicai officially landed on the New York Stock Exchange on Tuesday, with an issue price of US$23.5/ADS. It broke the issue during the first day of listing and rose slightly by 0.09% at the close. (E-commerce News)
2. Didi makes a profit by listing Uber, holding 12% of the shares worth US$8.1 billion
Five years ago, Uber withdrew from the Chinese market and sold its Chinese business to rival Didi in exchange for its stake. Now, the American ride-hailing giant is profiting from the deal. Didi raised about $4.4 billion in its initial public offering on Tuesday, with the number of shares issued more than the original plan. The stock rose 1% on the first day of listing on the New York Stock Exchange on Wednesday, with a market value of $67.8 billion. This has raised the value of Uber's current 12% stake to around $8.1 billion. (Sina Finance)
3. Shanghai: Wig wholesale prices have risen significantly, and some products are sold out of stock
In recent years, with the rapid development of the "appearance economy", the market size of wig products has continued to expand. Relevant data shows that the wig market has maintained a growth rate of more than 20% for six consecutive years, and the market size is expected to reach 14.43 billion yuan in 2023. The rapid growth of the wig industry has caused some wholesalers and manufacturers to sell out of stock. The wholesale market price has increased significantly, but in many shopping malls in Shanghai, wigs here are usually directly operated by brands, with prices only about 10% year-on-year. Some hand-cropped real-person hair wigs are out of stock, and some factories have been ordering until April next year. (CCTV)
4. SF Express won the "2021 China LTL Revenue Championship": LTL revenue exceeded 20 billion
According to SF Express, the 2021 "China LTL Express Ranking" was recently announced, and SF Express won the "2021 China LTL revenue champion" and the "2021 China LTL cargo runner-up". It is reported that after SF Express achieved a revenue of 12.45 billion yuan in LTL operating income last year, it became the first enterprise in the LTL industry to exceed 20 billion yuan in revenue. The LTL operating income reached 20.776 billion yuan, ranking first in China's LTL revenue. (E-commerce News)
5. Mafengwo’s “New Tourism Trend” Report: Nearly 80% of the post-95s love red tourism
According to the news on July 1, the "New Tourism Trend" big data report recently released by Mafengwo Tourism shows that since June this year, search terms such as "Red Tourism Route", "Chongqing Red Tourism", and "Jinggangshan Red Tourism" have been very popular in Mafengwo, with monthly monthly increase of more than 30%. The report pointed out that young travelers born in the 1995s lead the "new national trend of tourism". 76.92% of post-95s like to experience red tourism routes. The first choice for red tours is Shanghai, Xi'an, Yan'an, Changsha and Jinggangshan. (E-commerce News)
Internet news
6. Gap announced the closure of all stores in the UK and sells stores in France and Italy
U.S. clothing retailer Gap announced on Wednesday that it plans to close Gap Specialty and Gap Outlet stores in the UK and Ireland by the end of September, but will maintain its e-commerce business in Europe. The company is in talks with a brand owned by FIB Group to sell its Gap store in France. Gap also said it was negotiating to sell its Italian store to an unnamed partner. (Sina Finance)
Cross-border newsletter
7. Yunda International's scattered order business officially unveiled
On July 1, Yunda International's scattered order business was officially launched, and Beijing, Shanghai, Yiwu, Nanjing and Hefei became the first five cities in China to place orders online. At the same time, Yunda International's exportable scope covers more than 40 overseas countries and regions including Hong Kong, Macau, Taiwan, South Korea, the United Kingdom, Japan, Singapore, the United States, Mexico, etc. It is reported that Yunda launched the "International Scattered Order" product for the entire network this time, aiming to expand the company's international business and enhance the international business market, and provide high-quality international Scattered Order Delivery Services to domestic and foreign consumers. (Yibang Power)
8. From January to May, the total cross-border RMB collection and payment in Tianjin exceeded 120 billion yuan and increased by 31.79% year-on-year
On July 1, according to Xinhua Finance, the total cross-border RMB receipts and payments in Tianjin from January to May 2021 exceeded 120 billion yuan, an increase of 31.79% year-on-year, accounting for more than 30% of the cross-border revenue and expenditure of domestic and foreign currencies. Among them, the cross-border RMB settlement volume between Tianjin and countries along the "Belt and Road" was nearly 27 billion yuan, an increase of more than 1.3 times year-on-year. As of the end of May 2021, 15,200 collection business and RMB 590 million have been handled, covering more than 10 countries along the "Belt and Road" and the business volume exceeds 100 million yuan. (E-commerce News)
9. Amazon announces investment in Ion Energy, a supplier of photovoltaics industry
On July 1, Amazon announced on its official website that it would invest in Ion Energy, a supplier of the photovoltaic industry, to help the company achieve its goal of net zero carbon emissions by 2040. This is also Amazon's first investment in India through its $2 billion climate commitment fund. As part of the Climate Commitment Fund, Amazon has previously announced investments in BETA Technologies, CarbonCure Technologies, Infinium, Pachama, Redwood Materials, Rivian, Turntide Technologies and ZeroAvia, which are developing decarbonization technologies to help Amazon and others achieve net zero carbon emissions by 2040. (E-commerce News)
10. Cross-border e-commerce Zibuyuyu submitted a prospectus in Hong Kong: sales in 2020 reached 1.898 billion
On July 1, Zhejiang Zibuyu E-Commerce Co., Ltd. submitted a prospectus to the Hong Kong Stock Exchange, intending to list on the Hong Kong main board. "Zibuyu" was established in 2011. It is a cross-border trade e-commerce company that provides Chinese goods to global retailers and builds a B2C international trading platform for global small wholesale and retail online procurement. The prospectus shows that as of December 31, 2020, the total sales of "Zibuyu" in 2020 were RMB 1.898 billion, of which the total annual sales of Amazon platform and WISH platform were 615 million and 841 million, respectively, accounting for 32.4% and 44.3%, and the total annual sales of self-operated websites were 362 million, accounting for 19.1%. (E-commerce News)
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