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

      Evening News: Bureau of Statistics: National online retail sales in the first half of the year were 6113.3 billion yuan, a year-on-year increase of 23.2%; Ele.me: The volume of afternoon tea orders in June nearly doubled compared with the same period last year; Qunar and Hainan Airlines launched the "free flight" travel product; Amazon India Station announced the launch of the "Focus on the Northeast" plan; Forbes released the 2021 China Best CEO List: Xiaomi Lei Jun topped the list...

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

E-commerce newsletter

1. Ele.me: The volume of afternoon tea orders in June nearly doubled compared with the same period last year

      According to July 15, Ele.me recently launched a "summer action" to increase key subsidies and support for merchants. The platform also disclosed the latest growth data of its afternoon tea industry: In June, Ele.me's afternoon tea order volume increased by nearly double compared with the same period last year. Among them, the top 5 industry brands with the largest order volume in June are Mixue Bingcheng, Cha Baidao, Gu Ming, 1 Diandian, and Shuyi. It is understood that Ele.me announced in the second quarter of this year that it will increase its investment in the afternoon tea field, providing stronger subsidies for mid-level brand merchants during the afternoon tea period. A relevant person in charge of the Ele.me afternoon tea industry said that this year's "Summer Action" will continue to provide key support to the afternoon tea industry merchants and increase subsidies for new and specialty products in summer. (E-commerce News)

2. Qunar and Hainan Airlines launch "Free Fly" travel products

      July 15th news, Qunar and Hainan Airlines jointly launched the reservation-type flight product "Free Flight". The first product will be exclusively released on Qunar Travel APP from July 15th to 19th. The applicable flight dates are from July 28th to August 31st, 2021. Consumers who purchase "free flight" can lock in flight rights at a more favorable price in advance and flexibly choose flights. Consumers need to redeem tickets 7 days in advance (including the day of departure). This product is the same as other pre-sale products, and "can be refunded without appointment." It is understood that the "Free Flight" product is suitable for Hainan Airlines and Greater Xinhua Airlines flights. Its departure places include cities such as Beijing, Shanghai, Guangzhou, Urumqi, Sanya, Haikou, Kunming, etc., and its destinations cover popular summer tourist destinations such as Beijing, Shanghai, Guangzhou, and Urumqi, Sanya, Haikou, and Kunming. (E-commerce News)

3. State Post Bureau: The business revenue of the postal industry increased by 22.2% year-on-year in the first half of the year

      According to July 15, data disclosed by the State Post Bureau today showed that in the first half of the year, the postal industry business revenue (excluding the direct operating income of the Postal Savings Bank) reached 614.39 billion yuan, a year-on-year increase of 22.2%; the total business volume reached 642.47 billion yuan, a year-on-year increase of 34.4%. In June, the industry's business revenue reached 112.15 billion yuan, a year-on-year increase of 13.6%; the total business volume reached 119.4 billion yuan, a year-on-year increase of 22.9%. In the first half of the year, the total amount of postal service business reached 108.04 billion yuan, a year-on-year increase of 4.5%; the total amount of postal delivery service business reached 12.81 billion pieces, a year-on-year increase of 0.5%; the total amount of postal delivery service business revenue reached 19.31 billion yuan, a year-on-year decrease of 10.5%. In the first half of the year, the postal parcel business completed a total of 9.336 million pieces, a year-on-year decrease of 7.4%. (E-commerce News)

4. Bureau of Statistics: The total retail sales of consumer goods increased by 12.1% year-on-year in June 2021

      According to July 15, data disclosed by the National Bureau of Statistics today showed that in June 2021, my country's total retail sales of consumer goods was 375.86 billion yuan, a year-on-year increase of 12.1%; an increase of 10.0% over June 2019, with an average growth rate of 4.9% in the two-year period. Excluding price factors, the total retail sales of consumer goods in June 2021 actually increased by 9.8%, with an average growth of 3.2% in two years. From January to June, the total retail sales of consumer goods was 2119.04 billion yuan, a year-on-year increase of 23.0%, and the average growth rate in the two years was 4.4%. By retail format, the retail sales of supermarkets, convenience stores, department stores, professional stores and specialty stores among retail units above the limit in January and June increased by 6.2%, 17.4%, 29.5%, 24.6% and 32.4% year-on-year respectively. (E-commerce News)

Internet news

5. Bureau of Statistics: The national online retail sales in the first half of the year were 6113.3 billion yuan, an increase of 23.2% year-on-year

      According to July 15, data disclosed by the National Bureau of Statistics today showed that from January to June 2021, the national online retail sales were 611.33 billion yuan, a year-on-year increase of 23.2%, and an average increase of 15.0% in two years. Among them, the online retail sales of physical goods was 502.63 billion yuan, an increase of 18.7%, with an average growth of 16.5% in two years, accounting for 23.7% of the total retail sales of consumer goods; among the online retail sales of physical goods, food, clothing and use goods increased by 23.5%, 24.1% and 16.7%, respectively, with an average growth of 30.9%, 9.8% and 17.0% in two years. (E-commerce News)

6. Forbes releases the 2021 China Best CEO List: Xiaomi Lei Jun tops the list

      July 15th news, today, Forbes China released the 2021 Best CEO List, and Xiaomi Group Lei Jun topped the list. In addition, Hikvision Hu Yangzhong, BYD Wang Chuanfu, WuXi AppTec Li Ge, and Longi Green Energy Technology Co., Ltd. Li Zhenguo respectively ranked in the top five on the list. According to Forbes China, a total of 50 CEOs have been on the list this year, and their operating performance review period will start in 2018. The target inspection scope covers A-shares, Chinese-funded Hong Kong stocks listed on the Hong Kong Stock Exchange, and Chinese stocks listed overseas. In addition, the inspection period for the best CEO is the operating performance of his company for three consecutive years, rather than the company's performance in the capital market in the short term. It is reported that the average age of 50 CEOs on the list is nearly 54 years old, there are 5 female CEOs, and Dong Mingzhu of Gree Air Conditioner ranks 13th. (E-commerce News)

Cross-border newsletter

7. Perch spent over $100 million to acquire Amazon seller WDD

      According to AMZ123, recently, the US e-commerce operator Perch announced the acquisition of Amazon seller WDD (Web Deals Direct), with the acquisition amount ranging from US$100 million to US$200 million. Tianyancha information shows that Perch is a technology-driven business company committed to large-scale acquisitions and operation of top Amazon third-party brands and other D2C brands. It is understood that Perch had previously announced that it had raised about US$775 million in its Series A financing and will use the funds raised to its acquisition of new businesses, increase employees, and develop technology platforms. It is worth mentioning that so far, Perch has acquired about 70 third-party Amazon brands. (Yibang Power)

8. Amazon is sued by the US product safety agency for third-party sales defective products

      July 15th news, according to foreign media reports, on Wednesday local time, the U.S. Consumer Product Safety Commission (CPSC) filed a lawsuit against Amazon, seeking a court ruling that the e-commerce giant is responsible for defective products sold on its third-party markets. The indictment filed by CPSC said that Amazon sold children's pajamas failed to meet the flammability standards set by the U.S. federal government; about 24,000 carbon monoxide detectors failed to be successfully activated in the presence of harmful gases; and 400,000 hair dryers could have electric shocks and electric shocks. These products are sold by millions of third-party sellers on Amazon and all use the Amazon Order Fulfillment service. CPSC spokesman Joe Martyak said Amazon does not want to call this a "recall" and does not want to bear legal liability for these products. (E-commerce News)

9. Indian takeaway giant Zomato received full subscription on the first day of issuance

      On July 15, according to foreign media reports, Zomato, an Indian food delivery platform that received capital injections from Ant Group, launched its initial public offering (IPO) on Wednesday, and was fully subscribed on the first day of its issuance. The company plans to issue 719.2 million shares, which has attracted subscriptions of approximately 749 million shares. The Issuance will end on July 16. According to the prospectus submitted by Zomato, Zomato plans to raise Rs 9,375 crore (about US$1.3 billion) through IPO, with an issue price range of INR 72-76 per share. Zomato is currently valued at US$5.4 billion, and its target valuation through IPO is as high as US$8.56 billion. (E-commerce News)

10. Amazon India Station announces the launch of the "Focus on Northeast China" plan

      July 15th news, Amazon India recently announced the launch of the "Spotlight North East" plan. It is understood that the plan proposed in April this year, with the goal of bringing e-commerce convenience to 50,000 craftsmen, weavers and small businesses in the region by promoting technology and market access by 2025, and driving the export of major commodities such as tea, spices and honey in the region. It is reported that in the next five years, Amazon will launch more than 5,000 unique craft products, geographical indication (GI) products and other local products in the Indian market. (E-commerce News)