#Laogao E-commerce Newsletter# [E-commerce Morning News on July 15]

      Morning News: Douyin internally tests the "Xindong Takeaway" business; Shentong Express: It is expected to lose 140 million to 160 million yuan in the first half of the year; Amazon's latest report: More than 65,000 British companies sell products on Amazon; the number of AliExpress Russian sellers worldwide has reached 61,000; Youzan AllValue and 17TRACK collaborate as merchants to provide logistics inquiry channels...

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

E-commerce newsletter

1. Douyin internal testing of "Xindong Takeaway" business

      According to Tech Planet, ByteDance's TikTok recently established a team for takeaway business and recently conducted tests on the TikTok App. It is understood that the "Xindong Takeaway" mini program has recently been launched in the Douyin App. Its takeaway business is currently mainly developed within the Douyin ecosystem and will not expand outward. Currently, its page is displayed as: It will be fully opened soon, so stay tuned. (E-commerce News)

2. Shanghai's "55 Shopping Festival" online retail sales increased by 290.5 billion yuan year-on-year

      On July 14, the Shanghai Municipal Commerce Commission announced the data of the second "55 Shopping Festival". According to reports, during the event, Shanghai spent 789.6 billion yuan online and offline. The payment side monitored the city's offline consumption by 499.1 billion yuan, an increase of 12% year-on-year; in terms of online consumption, the online retail sales reached 290.5 billion yuan, an increase of 14% year-on-year; the express delivery volume in Shanghai exceeded 650 million pieces, an increase of 25% year-on-year. It is understood that during this "May 5 Shopping Festival", more than 380 key activities and more than 1,900 special activities were held. (E-commerce News)

3. News says that Hema has a special app payment function and is often used for electronic payment.

      On July 15, Workers' Daily reported that a reporter investigated in a supermarket in Beijing and found that customers could check out by scanning the code. However, after the reporter experienced it, he found that after scanning the code by self-service, he had to use a special app to make payment. Another manual channel in the supermarket provides cash payment services, but the electronic payment methods commonly used by ordinary people are excluded. (E-commerce News)

4. Shentong Express: It is expected to lose 140 million to 160 million yuan in the first half of the year

      According to reports on July 14, Shentong Express announced that it is expected to lose 140 million yuan to 160 million yuan in the first half of the year, and a profit of 70.6778 million yuan in the same period last year; during the reporting period, the express market price remained low, the overall business volume and scale were lower than expected, the capacity utilization rate was low, and the fixed cost of a single ticket was high, which affected the overall performance to a certain extent. (Titanium Media)

Cross-border newsletter

5. Amazon's latest report: More than 65,000 British companies sell products on Amazon

      According to the latest report on July 15, Amazon's latest "2021 UK Small and Medium Enterprise Impact Report" shows that last year, due to the new crown epidemic, more than 65,000 UK SMEs were prompted to sell products on Amazon, of which about 65% of the enterprises sold products to customers around the world. Data shows that on Amazon, more than 14,000 UK SMEs have sold more than £100,000, of which more than 1,000 companies have sold more than £1 million for the first time. In addition, the average annual sales of enterprises jumped 50%, from more than £200,000 to more than £300,000; the export sales of enterprises on Amazon exceeded £3.5 billion, up from £2.75 billion in the same period last year. (Yibang Power)

6. British e-commerce platform OnBuy completes 35 million pounds financing

      July 14th news, British e-commerce platform OnBuy recently announced that it has completed a £35 million A+ series financing. Of this, £2 million will be used to support existing retailers. In addition, the company intends to develop a mobile app for its customer base. It is understood that the company has raised 8 million pounds before. In terms of company development planning, Onbuy announced on its official website this year that the company is launching the first phase of its global expansion plan, which will expand to more than 140 countries by the end of 2023. Additionally, OnBuy said it will expand its office to Manchester in spring 2021, creating at least 100 more jobs in the next two years. (Yibang Power)

7. GlobalData: India's e-commerce scale will reach US$120 billion in 2025

      July 15th news, according to analysis data from global data analytics and consulting firm GlobalData, the compound annual growth rate (CAGR) of India's e-commerce sales will be above 18% to reach US$120.1 billion between 2021 and 2025. (Yibang Power)

8. The number of Russian sellers in AliExpress has reached 61,000

      July 14th news, it is reported that since the beginning of 2021, the number of sellers in the Russian market of AliExpress has doubled. As of early July, there were 61,000 Russian sellers on AliExpress. The number of new sellers of AliExpress in the first quarter increased by 35% year-on-year, with 45,000 Russian sellers entering the platform in April. At present, there are 330,000 sellers on AliExpress, from different countries around the world, with about 160 million products. (E-commerce News)

Internet Information

9. Youzan AllValue and 17TRACK collaborate as merchants to provide logistics inquiry channels

      July 14th news, Youzan AllValue recently reached a strategic cooperation with 17TRACK, the world's leading logistics trajectory query service provider. In the future, the two parties will help cross-border merchants go overseas in independent website building, overseas marketing and logistics trajectory tracking.

      17TRACK has accumulated a large amount of logistics data and global service experience. In the future, after Youzan AllValue completes technical connection with 17TRACK, it can provide sellers with professional and reliable logistics information query channels, making sellers more convenient for operations.

Youzan AllValue can provide independent website building, North American Internet celebrity marketing, North American social marketing and other overseas marketing services for cross-border overseas merchants. Use distribution alliances, extreme mobile and other functions to help merchants achieve fission in social marketing, accumulate private domain traffic, and improve the brand's order conversion rate. (Yibang Power)

10. News says Meituan Youxuan cancels "big and small weeks" execution immediately starting this week

      On July 15, Meituan Youxuan, a community group buying business under Meituan, recently issued a notice to cancel the "big and small weeks" that will be implemented since March this year and will be implemented immediately starting this week. It is reported that Meituan is the third company to cancel the "big and small week" model recently. Previously, Kuaishou announced that it would cancel the large and small weeks from July 1, and employees would work overtime as needed, and the company would pay employees overtime wages in accordance with relevant regulations. ByteDance sent an email from all employees on July 9, canceling the "large and small week" model that has been implemented for nine years. (Yibang Power)