#Laogao E-commerce Newsletter# [E-commerce Evening News on July 9]

      Morning News: Lazada launched a cargo-to-code payment service in Malaysia; the monthly transaction volume of the Korean e-commerce platform ZigZag exceeded 90 billion won for the first time; e-commerce live broadcast company Popshop Live received a US$100 million Series A financing; it is reported that Taobao has newly launched the "buy one at your fingertips" function; in the first half of this year, the national railway sent 1.845 billion tons of goods increased by 8.9% year-on-year...

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

E-commerce newsletter

1. IKEA launches its first Tmall Super Brand Day launches its city super brand day pop-up store tour

      On July 9, IKEA announced that it has launched its first Tmall Super Brand Day and will present an omni-channel brand experience. It is understood that in May this year, IKEA China announced that it would further expand the service scope of IKEA Tmall flagship store in the mainland Chinese market. This time IKEA and Tmall cooperate to create the first super brand day, IKEA will launch seven exclusive limited gift boxes for members. This series of gift boxes will be logged into the IKEA Tmall flagship store on July 15. In addition, IKEA has launched the City Super Daily pop-up store tour, and has been unveiled in four cities, Shanghai, Beijing, Haikou and Kunming. Through the theme pop-up store model based on express boxes, it presents inspirational home solutions. (E-commerce News)

2. Yanjinpuzi established an import and export trading company in Hunan with a registered capital of 10 million yuan.

      According to news on July 9, Tianyan Check data showed that on July 1, Hunan Yanjin Import and Export Trading Co., Ltd. was established with a registered capital of RMB 10 million. The legal representative is Zhou Jianmin. The company's business scope includes: self-operating and agents for the import and export of various commodities and technologies; sales of aquatic products and dairy products, etc. Shareholder information shows that the company is wholly owned by Yanjinpuzi Food Co., Ltd. (Sina Finance)

3. In the first half of this year, the national railway shipped 1.845 billion tons of goods increased by 8.9% year-on-year.

      According to China Railway, in the first half of this year, the railway department conscientiously implemented the central government's deployment requirements for vigorously developing a green economy and adjusting the transportation structure, fully utilized the existing line freight capacity released by the high-speed rail after it was formed into a network, promoted the sustained and steady growth of railway freight volume, effectively assisted economic and social development, and served to build a new development pattern. From January to June, the national railway sent 1.845 billion tons of cargo, an increase of 150 million tons year-on-year, an increase of 8.9%, and an average daily loading of 168,000 cars, an increase of 15,500 cars, an increase of 10.2% year-on-year. China Railway stated that in the next step, the railway department will give full play to the advantages of railways in green and low-carbon ways and make greater contributions to building a green and low-carbon economic freight network system and reducing social logistics costs. (Yibang Power News)

4. News said Taobao has newly launched the "buy one at your fingertips" function

      According to Xicheng E-commerce, a few days ago, Taobao backend launched a new function called "Buy One by One" in the form of an internal invitation. It is reported that "buy one at your own store" means that after the amount of orders reached the threshold, consumers can check a free shipping product on the order page to purchase it. It should be noted that "buy one at your fingertips" will be presented on the order page when a single merchant is placing an order according to the merchant's settings conditions, that is, consumers can only place orders in one merchant. According to reports, at present, "Buy One" adopts an invitation system, and merchants participating in "Buy One" need to meet: there are specialists responsible for connecting and operating to buy a product, and you need to buy a product without conditions and free shipping for free. Only those who meet these conditions can contact the corresponding industry waiter to apply for activation. (E-commerce News)

Internet news

5. China UnionPay and other platforms launch the 2021 "Light Up Holiday Plan"

      According to July 9, it was learned from the official website of China UnionPay that from July 16 to August 14, UnionPay worked with commercial banks and partners to launch the 2021 "Light Up Holiday Plan" to provide consumers with a series of preferential rights and interests such as travel, destination consumption, overseas shopping, and study abroad services. China UnionPay said it will work together to create nearly 100 exclusive customized travel routes to provide consumers with multiple themed travel services such as Chinese culture, natural scenery, young and cool play, and parent-child fun. In addition, from now until August 31, UnionPay will join hands with overseas shopping platforms such as What to Buy, Osaka Bear Online Mall, ANA Overseas Shopping UnionPay Online Mall to launch a "Using UnionPay for Overseas Shopping as low as 50% off" discount activity, covering Europe, America, Japan, South Pacific, Hong Kong and Macao and other regions. (E-commerce News)

6. JD Health and Gilead Sciences reach strategic cooperation

      July 9th news, today, JD Health and Gilead Sciences reached a strategic cooperation in the field of digital health and health ecology. The two sides will jointly provide patients with chronic infectious diseases with more professional, safe and convenient "one-stop" disease management solutions, and use this to accelerate the prevention and control of infectious diseases such as HIV and chronic viral hepatitis. According to the memorandum of cooperation, JD Health will build the "JD Pharmacy Liver Disease Care Center" and "JD Pharmacy HIV Care Center". Gilead plans to provide support and strive to increase the accessibility of innovative drugs and the convenience of medication. (Sina Finance)

Cross-border newsletter

7. Popshop Live, an e-commerce live broadcaster, receives US$100 million in Series A financing

      July 9th news, according to foreign media reports, Popshop Live, a live shopping community headquartered in Los Angeles, California, received a $100 million Series A financing led by Benchmark. The company intends to use the funds to accelerate its product and regional expansion and enhance its live shopping experience. It is understood that Popshop Live is a live shopping application integrating social, e-commerce and entertainment. The platform has added more than 500% of sellers in the past three months due to its expansion to new verticals such as retro fashion and furniture. (Beijing Business Daily)

8. The monthly transaction volume of the Korean e-commerce platform ZigZag exceeded 90 billion won for the first time

      July 9th news, according to Korean media reports, the Korean fashion e-commerce platform "ZigZag" set a record for the highest monthly active user (MAU) on fashion platforms in June and set the highest monthly transaction volume since its launch. Data shows that ZigZag's June MAU was 3.6 million, ranking first among fashion platforms. At the same time, ZigZag also ranks first among major fashion platforms in South Korea with its per capita application usage time of about 52 minutes. Since its acquisition and integration were launched in June, ZigZag's monthly transaction volume exceeded 90 billion won for the first time, and the payment amount in the first half of the year through its independently developed comprehensive payment service "Z Payment", has also soared by 110% compared with last year. It is reported that in 2020, ZigZag's transaction volume reached 750 billion won. (Yibang Power News)

9. British takeaway platform Deliveroo raises performance expectations

      According to reports on July 9, British food delivery platform Deliveroo increased its sales growth expectations on July 8, raising its GTV (total transaction volume) growth this year from the previous expectation of 30% to 40% to 50% to 60%. Deliveroo shares rose 5% to 337p in early trading on the London Stock Exchange on Thursday, below the IPO price of 390p. Although its share price has risen about 25% over the past two weeks, it closed at 320p on Wednesday. It is understood that on March 31 local time, Deliveroo was listed in London and broke the issue price on the first day, falling 26%. It is reported that Deliveroo's business growth is currently slowing down, and Deliveroo also said that for the rest of the year, they will make additional investments in some "growth opportunities". (Sina Technology)

10. Lazada launches a QR code payment service in Malaysia

      July 9th news, according to foreign media reports, Southeast Asian e-commerce platform Lazada announced the launch of the DuitNow QR code payment cash on delivery order function in Malaysia, providing further convenience for online shopping consumers. This payment method is designed to help people maintain social distancing more effectively and minimize personal contact. It is reported that due to the spread of the epidemic, Malaysia has further strengthened isolation measures. Although most Malaysian consumers are accustomed to buying essentials and daily necessities online, many still use cash on delivery. It should be noted that this new payment method is currently only available for selected products delivered by Lazada Express. (36Kr)