#Laogao E-commerce Newsletter# [E-commerce Morning News on July 8]

      Morning news : Handu Yishe uses Kuaishou Magnetics Taurus Marketing Live Marketing Room daily GMV exceeds one million; Meituan applies for registration of trademarks such as "Meituan Takeout Daily God Coupon"; Wish has obtained an EU payment service license; German e-commerce Zalando plans to invest 300 million euros to improve French logistics services; Apple's market value exceeds US$2.4 trillion to hit a record high...

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

E-commerce newsletter

1. The parent company of "Tongcheng Life" filed a bankruptcy application

      36Kr learned that yesterday, Suzhou Xiancheng Technology Co., Ltd., the parent company of the community group buying brand "Tongcheng Life", announced that the company decided to file for bankruptcy due to poor management and is planning to file for bankruptcy. (36Kr)

2. Handu Yishe uses Kuaishou Magnetics Taurus Marketing Live Broadcasting Room to exceed one million daily GMV

      On July 7, a few days ago, Handu Yishe set a sales record of over one million in its first self-broadcasting special session of the 500,000 Fan Festival. The total popularity of the live broadcast exceeded 1.7 million, the peak popularity of the live broadcast room was above 9,200, and the sales of single T-shirts exceeded 2,100 pieces. In addition, in May, the daily sales of the three Big Days in Handu Yishe exceeded 250,000, and the ROI of the entire store reached more than 2.5. It is worth mentioning that Han Du Yishe also participated in the brand self-broadcasting competition organized by Kuaishou E-commerce, with a total sales of 1.34 million yuan in the first phase and 1.68 million yuan in the second phase. (Yibang Power)

3. Meituan applies for registration of trademarks such as "Meituan Takeout Daily God Coupon"

      On July 7, Tianyan Check information showed that Meituan's affiliated company Beijing Sankuai Technology Co., Ltd. recently applied to register the trademark "Meituan Takeout Tiantian Shen Coupon" and "Meituan Tiantian Shen Coupon". The international classification includes transportation storage, advertising and sales, and the trademark status is "Registration application". Previously, the company also applied to register trademarks such as "Meituan Joint Card", "Meituan Circle", "Meituan", "Meituan Takeout Flash Store", and "Meituan Takeout". International categories involve scientific instruments, financial property management, advertising sales, education and entertainment, website services, social services and other categories. (E-commerce News)

4. Booking.com has established a new financial technology business department, FinTech

      July 7th news, according to foreign media reports, on July 6th local time, Booking.com announced the establishment of a new fintech business unit FinTech to support customers and partners to visit the company's global travel market. Booking.com's newly formed FinTech division will be led by Senior Vice President Daniel Marovitz, who has led the company's payments product strategy since 2017, with over 20 years of management experience in areas such as banking, social media and e-commerce. (E-commerce News)

Cross-border newsletter

5. Wish has obtained the EU payment service license

      July 7 news, according to foreign media reports, the cross-border e-commerce platform Wish was recently officially granted a European payment service license by the Dutch Central Bank, which will allow Wish to process all EU order payments on its platform. It is reported that the new payment service license will enable Wish to handle platform transactions in a compliant manner, strengthen control over the payment chain, while reducing dependence on third parties. In addition to the Netherlands, the license is applicable to other European markets operated by Wish. (E-commerce News)

6. Indian social e-commerce Meesho plans to raise $100 million to valuation of $4 billion

      On July 7, people familiar with the matter said that social commerce platform Meesho is trying to raise more than $100 million from two new and old investors in a new round of financing. This is Meesho's second financing in just three months after the previous round of investment. It is reported that the company gained unicorn status in April, when it received $300 million in a round led by SoftBank. Sources revealed that Meesho's valuation in this transaction may exceed $3.5 billion and is expected to be between $3.5-4 billion. This will be nearly twice the valuation at that time compared to April’s valuation. (E-commerce News)

7. German e-commerce Zalando plans to invest 300 million euros to enhance French logistics services

      On July 8, German e-commerce company Zalando recently announced that it would increase the construction of Paris's logistics network, plan to invest 300 million euros to expand the French market, expand warehouse facilities in Poland, and provide new delivery services in Belgium and Switzerland. It is reported that Zalando currently has 12 fulfillment centers in Europe, and it is expected that a total of 3 facilities in Paris, Germany and Poland will be opened in 2023. According to data, Zalando was established in Berlin in 2008, providing clothing, footwear, accessories and beauty products to about 42 million active customers in 20 markets. Zalando's GMV sales are forecast to grow 36% this year to more than 14 billion euros. (E-commerce News)

8. BigCommerce business of the open SaaS e-commerce platform will expand to the Netherlands and France.

      July 7th news, open SaaS e-commerce platform BigCommerce announced today that it has expanded its European business from the UK to the Netherlands, France and Italy. With BigCommerce, merchants will be able to build a flexible enterprise-level e-commerce platform and sell locally and globally. The announcement mentioned that this latest business development has been nearly a year since the company's initial public offering in August 2020, and three years after the company first took root in Europe, the Middle East and Africa in 2018 and established an office in London. (E-commerce News)

Internet Information

9. The "Zhejiang Takeaway Online" system can live broadcast the production process of takeaway dishes

      July 7th news, recently, Zhejiang Province held a "one thing" integrated reform promotion meeting on online catering governance, and at the same time, "Zhejiang Takeaway Online" was officially launched. According to reports, the newly launched "Zhejiang Takeaway Online" has opened up the "regulatory chain" from the purchase of merchant ingredients to consumer consumption, and has created seven major application scenarios including supervision, law enforcement, rights protection, and protection, realizing the full-chain closed-loop management of online catering from the back kitchen to the table, from processing to distribution, from online to offline, and from merchant to riders. (E-commerce News)

10. Apple's market value breaks through $2.4 trillion to hit a record high

      On July 8, US stocks closed on Wednesday, and large US technology stocks rose and fell. Among them, Apple rose 1.8% to $144.57, with a market value exceeding $2.4 trillion, setting a record high. Meanwhile, Amazon's latest market value is $1.86 trillion, while Microsoft's total market value is $2.11 trillion. (E-commerce News)