#Laogao E-commerce Newsletter# [E-commerce Evening News on July 30]

      Evening News: Amazon's Q2 online store revenue increased by 16% year-on-year; Shopify began to allow some merchants to directly sell NFT products; Xiaohongshu will launch the "integrated number store mechanism" on August 2 to support opening stores with zero thresholds; RT-Mart and Yonghui ranked among the top two of CCFA's "Top 100 Chinese Supermarkets in 2020"; Dada Group: 77 of the top 100 Chinese Supermarkets in 2020 will be launched on JD.com...

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

E-commerce newsletter

1. Dada Group: 77 of the top 100 supermarkets in China were launched in 2020.com

      On July 30, the China Chain Management Association recently released the "Top 100 Supermarkets in China in 2020". Dada Group issued a statement saying that among the top 100 supermarkets in 2020, 77 have been launched on JD.com, of which 41 are among the top 50; 41 have signed contracts to use the Haibo system. It is understood that JD.com is a local instant retail platform under Dada Group. Relying on Dada Express and retail partners, it provides consumers with instant consumption service experience of supermarket convenience, fresh fruits and vegetables, medicine and health products delivered to their homes in about 1 hour. Dada Group said that currently, JD.com, a subsidiary of Dada Group, has covered more than 1,500 counties, districts and cities across the country, with more than 110,000 physical stores on the platform, and Dada Express covers more than 2,700 counties, districts and cities. (E-commerce News)

2. RT-Mart and Yonghui ranked among the top 2 of CCFA's "Top 100 Supermarkets in China in 2020"

      July 30th news, the China Chain Operations Association (CCFA) recently released the "Top 100 Supermarkets in China in 2020". Among them, RT-Mart and Auchan, a subsidiary of Gaoxin Retail, ranked first on the list, with a total sales of 105.989 billion yuan in 2020; Yonghui followed closely with a sales of 104.539 billion yuan; CR Vanguard and CR Suguo ranked third with a sales of 87.828 billion yuan; Walmart Supermarket, a subsidiary of Walmart China, ranked fourth with a sales of 87.401 billion yuan. Data shows that in terms of member digitalization, in 2020, the top 100 digital members of supermarkets accounted for 45.3% of the total number of members, an increase of 14.8 percentage points over the previous year; the consumption of digital members accounted for 29.3% of the total consumption of members, an increase of 6.0 percentage points over the previous year. (E-commerce News)

3. Xiaohongshu will launch the "No. Store Integrated Mechanism" on August 2 to support 0 thresholds to open a store

      According to July 30, Xiaohongshu recently announced that it will officially launch the "number store integrated" mechanism on August 2, bringing new changes including "0 threshold opening of stores", "direct connection of BC", and "merchants with monthly sales of less than 10,000 yuan are exempt from commissions". It is understood that after the "integer store integration" adjustment takes effect, there will only be two identity authentication systems in Xiaohongshu's website in the future. Jace, head of Xiaohongshu's open platform and e-commerce, said that the reason for this adjustment is to create a fair and competitive environment for all individuals with sincere business demands, so that large, medium and small brands can "born from content and be good at trading" on Xiaohongshu. (E-commerce News)

4. Ele.me report: From January to May this year, the number of orders placed at "no tableware" reached 320 million orders

      July 30th news, recently, Ele.me, China Packaging Federation and Tsinghua University School of Environment jointly released the "Take-outtake food packaging, 2021 Green Behavior Research Report". The report shows that from January to May this year, the number of orders placed by "no tableware" reached 320 million, which is equivalent to the cumulative total of "no tableware" from 2017 to 2020. However, according to the survey, 21% of merchants still deliver disposable tableware to each takeaway order regardless of whether consumers choose "no tableware". (E-commerce News)

Internet news

5. Zhang Yiming withdrew from several ByteDance affiliated companies

      According to news on July 30, Tianyan Check information shows that recently, Zhang Yiming withdrew from the legal representatives and main personnel of several ByteDance affiliated companies, including Tianjin ByteDance Management Consulting Co., Ltd., Tianjin ByteDance Haihe Management Consulting Co., Ltd., and Tianjin Tongrong E-Commerce Co., Ltd., respectively, and was replaced by Li Fei, Zhang Lidong and others. It is understood that on May 20, ByteDance co-founder Zhang Yiming published an internal letter resigning, announcing that he would step down as CEO and Liang Rubo would take over. Liang Rubo has previously undertaken the work of product research and development director, Feishu, efficiency engineering director, group human resources and management director, etc. at ByteDance. It is expected that the two will officially hand over by the end of the year. (E-commerce News)

6. Wahaha Express Sales Network is officially launched and merchants can enter for free

      According to the official information of Wahaha, today, Wahaha officially released its e-commerce platform Quick Sales Network in Hangzhou. Fast Sales Network is a marketing platform specially developed for the fast-moving consumer goods industry that is open to the entire industry. Merchants can settle in for free. As of now, the platform maintains more than 890,000 terminal users. It is understood that from July 30 to October 29, 2021, Fast Sales Network will issue a total of 1 billion vouchers to all consumers and channel customers. Wahaha Chairman Zong Qinghou said that online and offline integration has become the future development direction of the industry. If the real economy and virtual e-commerce want to achieve sustainable development, they must establish an interdependent ecological relationship. (E-commerce News)

Cross-border newsletter

7. Amazon India announced Prime Day sales record hits new high

      According to July 30, the Prime Day record held by Amazon India Station from July 26 to 27 has been released. This year's Indian station Prime Day performed remarkable, setting a record for the highest sales of small and medium-sized sellers in India Station in history. Data shows that a total of 127 million small and medium-sized sellers and 6,800 e-commerce stores participated, and 31,000 sellers hit a record high in single-day sales. Compared with last year, the number of sellers with sales exceeding Rs 1 crore has increased by 25%, and more than 96% of members placed orders on Prime Day. Prime Day and fulfillment experience director Akshay Sahi said that Indian buyers like the benefits of free delivery, exclusive shopping and other benefits that Prime members enjoy, and will continue to provide Indian buyers with more complete and high-quality membership services in the future. (E-commerce News)

8. Shopify begins to allow some merchants to directly sell NFT products

      On July 30, Shopify President Harley Finkelstein said on the 26th that the company has supported its partner merchants to sell NFT (Non-Fungible Token) products. However, Finkelstein said that the scope of application of this service is still relatively limited, and now only some merchants can sell NFT products. Subsequently, Finkelstein introduced the recent new NFT product launched by the Chicago Bulls basketball team, created using Flow blockchain technology and launched by Dapper Labs. Finkelstein also said that Shopify is making it easier for merchants to sell NFT products through their platform stores. (Yibang Power News)

9. Amazon Q2 online store revenue increased by 16% year-on-year

      According to reports on July 30, Amazon's second quarter financial report for 2021 showed that in the second quarter, Amazon's online store revenue was US$53.157 billion, an increase of 16% compared with US$45.896 billion in the same period last year; offline store revenue was US$4.198 billion, an increase of 11% compared with US$3.774 billion in the same period last year; service revenue from third-party sellers was US$25.085 billion, an increase of 38% year-on-year; subscription service revenue was US$7.917 billion, an increase of 32% year-on-year; sales of advertising services and other businesses were US$7.914 billion, an increase of 87% year-on-year; revenue from AWS cloud services was US$14.809 billion, an increase of 37% compared with US$10.808 billion in the same period last year. (Yibang Power News)

10. Overstock, the U.S. home furnishing e-commerce revenue in the second quarter reached 9.2 million online customers

      On July 30, Overstock, the American furniture e-commerce company, announced its second-quarter financial results yesterday. As of June 30, Overstock's second-quarter revenue reached US$795 million, a year-on-year increase of 4%, and gross profit was US$175 million, accounting for 22% of the total net income. The second quarter saw 9.2 million online customers, a year-on-year increase of 31%, and the average order value in the second quarter was $213, a year-on-year increase of 33%. Overstock CEO Jonathan Johnson said Overstock will seize consumers' online shopping habits, provide them with a better shopping experience, and continuously expand the furniture and household goods market. It is worth mentioning that recently Overstock has also expanded its business to Canada. (Yibang Power)