Evening News: Shopify's revenue in the second quarter reached US$1.119 billion in GMV of US$42.2 billion; Ele.me: "Sunshine Fruit Cut" partner merchants have exceeded 10,000; news said that Alibaba renews its contract with Douyin merchant links can still jump to Taobao Apps; Ministry of Commerce: The popularity of "new national trend" in China's online retail market increased in the first half of the year; Tmall International released new merchant service measures to release "margin" for the first time...
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E-commerce newsletter
1. Alipay homepage tests merchant service progress card function
According to July 29, it is reported that recently, Alipay’s homepage has added a new function: a merchant service progress display card appears below the nine-cage grid, which can directly see the progress of the current service use. Currently, the categories of merchants that provide this information include takeaway, movies, taxi, air tickets, trains, hotels, etc. The service information displayed varies from service to service. At the same time, individual service cards will also recommend related services based on the current scenario. Alipay said that this function has been tested in grayscale for a period of time, and the product is constantly being optimized, and has not yet been fully launched. This card will only be triggered in the specific scenarios mentioned above. (E-commerce News)
2. Tmall International releases new merchant service measures to release "margin" for the first time
On July 29, Tmall International released three new merchant service measures to help overseas brands enter the Chinese market with lower costs and higher efficiency. The three major services include merchant deposits that can be used for payment, opening new merchant fast entry channels, and setting up merchant settlement service centers. Margin is a fee that merchants are required to pay when they enter e-commerce platforms. It is used to pay the consumer as a liquidated damages when violations are made to ensure the after-sales experience of the consumers. Tmall International’s announcement shows that from August 1 to November 15, open platform merchants apply for temporary payment deposits, with a maximum amount of up to 50%. After release, they can be used for marketing, logistics and other expenses to alleviate the shortage of operating funds for cross-border merchants. At the same time, in order to help new merchants accelerate their opening of stores, Tmall International has also opened a fast entry channel and set up an exclusive merchant entry service center, and the store opening time has been shortened from the original 30 days to 15 days. (E-commerce News)
3. Ministry of Commerce: In the first half of the year, the popularity of "new national trend" in my country's online retail market increased
July 29th news, according to the Ministry of Commerce website today, the head of the E-commerce Department introduced the relevant situation of my country's online retail market in the first half of 2021. In the first half of this year, healthy consumption became increasingly popular, with sales of sports goods such as swimming, football, and yoga increasing by 128.9%, 106.2%, and 55.1% year-on-year respectively. The popularity of the "new national trend" has increased. During the "618" promotional event of the relevant e-commerce platform, the sales of domestic brands accounted for more than 70%. According to data from the National Bureau of Statistics, the national online retail sales reached 6.11 trillion yuan in the first half of the year, an increase of 23.2% year-on-year; an average increase of 15.0% in two years. (E-commerce News)
4. News says Alibaba renews its contract with Douyin merchant links and can still jump to Taobao App
According to the news on July 29, according to Yibang Dynamics, people familiar with the matter said that Alibaba’s mother has recently completed a strategic cooperation renewal with Douyin for the new year. According to the cooperation, merchants that meet the relevant conditions can continue to hang Taobao product links in Douyin short videos and jump directly to the Taobao App to complete the transaction. It is understood that Alibaba and Douyin reached a new round of annual framework cooperation in August 2020. The scope of cooperation at that time included two parts: advertising and e-commerce, and the scale of cooperation without official verification was about 20 billion yuan. (E-commerce News)
Internet news
5. Alibaba Mom announced the launch of the "Core New Plan" to help new brands improve their digital capabilities
On July 29, Alibaba Mom announced the launch of the "Core New Plan" to help new brands improve their digital capabilities. According to reports, the plan is mainly divided into three parts: First, give new brands a value of more than 10 million from five levels, including products, digital technology, population, creativity and content; second, lower the marketing threshold for new brands to acquire new customers; third, improve the digital and intelligent operation capabilities of new brands. The purpose of the "Nuclear New Plan" is to improve the operating efficiency of new brands in the entire links of brand building, crowd reach, and consumer asset precipitation, conversion, retention, and repurchase, and strengthen their digital and intelligent business capabilities to meet consumers' differentiated needs. (E-commerce News)
6. Ele.me: "Sunshine Fruit Cut" has more than 10,000 partners
On July 29, Ele.me announced that since Lianhe released the "Sunshine Fruit Cutting" standard in December 2020, more than 10,000 merchants have cooperated with the platform, and the platform's fruit cut orders have increased by more than 100% year-on-year. In addition, fruit cut orders have also driven the rapid increase in overall fruit orders. Recently, Ele.me has once again launched a summer action with dozens of domestic leading fruit chain brands such as Baiguoyuan, Xianfeng Fruit, and Chef NOW. Ele.me said: it will integrate platform resources and help merchants create "Sunshine Fruit Cutting" benchmark stores through traffic tilt, marketing subsidies and other means to expand the fruit cutting market. It is reported that the joint operation lasted from July to September. (E-commerce News)
Cross-border newsletter
7. Report: Australian e-commerce revenue hit a record $50 billion in 2020
On July 29, a report from Australia Post showed that Australian consumers' online shopping spending reached a record $50 billion in 2020. It is understood that in 2020, Australia added about 1.9 million new online consumers, and a total of 9 million Australian families shopped online throughout the year, accounting for 82% of all households, and the number of online shopping is far more than twice that in 2019. Among all online consumption, fashion categories are the most popular categories for Australian online consumers. Among the new consumers, nearly half of them prefer home and gardening supplies. (AMZ123)
8. Shopify's revenue in the second quarter reached US$1.119 billion GMV of US$42.2 billion
According to July 29, Shopify announced its second-quarter financial report data before the opening of the US stock market on July 28, US time. According to the financial report, Shopify's second-quarter revenue was US$1.119 billion, a year-on-year increase of 57%; as of June 30, Shopify's MRR (monthly recurring) revenue was US$95.1 million, a year-on-year increase of 67%; GMV (total commodity transactions) was US$42.2 billion, a year-on-year increase of US$12.1 billion, a year-on-year increase of 40%, setting a record high. It is reported that Shopify will launch the Shop Pay electronic payment service system in the near future for merchants on Google and Facebook platforms, and is no longer limited to merchants on Shopify platform. (Yibang Power News)
9. Ixigo, an Indian online travel platform, raises $53 million in financing
According to documents from the Indian Ministry of Corporate Affairs, online travel application Ixigo has raised $53 million, and investors include Singapore's sovereign wealth fund GIC Private Limited and Bay Capital Holdings Limited. It is reported that Ixigo was founded in 2007 and is an online travel agency that provides flight, hotel, train and bus booking. In February this year, Ixigo just acquired Confirmtkt, an Indian online train discovery and booking platform. Ixigo's last round of financing occurred in 2017 and was a US$15 million Series B round from Sequoia Capital India and Fosun RZ Capital. It is reported that Ixigo plans to go public in fiscal year 2022. (Yibang Power News)
10. Cross-border e-commerce ERP "Keyou Cloud" completes angel round financing of tens of millions of yuan
On July 29, the global cross-border e-commerce infrastructure service platform "Keyou Cloud" has completed an angel round of financing of tens of millions of yuan. This round of financing is exclusively invested by e-commerce SaaS company Guangyun Technology. The funds will be used for SaaS product layout, service system upgrade and high-end talent introduction. It is understood that Keyouyun is a product of Hunan Zhiliu Network Technology Co., Ltd., which was established in 2018 and provides B2C export one-stop service for cross-border e-commerce sellers, and is committed to connecting the e-commerce platform, logistics and merchants. Keyou Cloud is a cross-platform e-commerce ERP system for small and medium-sized sellers in Southeast Asia, committed to providing one-stop services for small and medium-sized cross-border e-commerce sellers. (Yibang Power)
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