#Laogao E-commerce Newsletter# [May 7 E-commerce Evening News Brief]

      #Laogao E-commerce News# [E-commerce Evening News on May 7] Evening News : Cross-border supply chain service provider "Hong Kong Jinmi" completed a round A financing of tens of millions of yuan; Cainiao Network: It plans to open more than 800 international freight flights in Hainan by the end of 2021; Dingdong Maicai: Nearly 10 million crayfish were sold during May Day.

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E-commerce newsletter

1. Kuaishou e-commerce: Wedding candy, sunglasses and other products sold before the May Day holiday

     According to the news on May 7, the "2021 Kuaishou May Day Holiday Report" released by Kuaishou Big Data Research Institute showed that on May 1, the post-90s generation accounted for the highest proportion of Kuaishou travel users, more than 33%. Kuaishou e-commerce data shows that users have already started to "stock up" before the May Day holiday: sunscreen supplies, umbrellas, sunglasses, suitcases, massage combs, wedding candies, and sandals are all hot-selling products on the eve of the holiday; in the context of normalized epidemic prevention and control, masks have also become a "must-have" for traveling during the holiday. Kuaishou data shows that users' consumption of local life services has increased during the May Day holiday. On April 30, the number of searches for "marriage" and "moving" by Kuaishou users both increased by 98% compared with the previous day; the number of orders for "weed candy"-related products reached a peak within seven days on April 26. (E-commerce News)

2. Dingdong Maicai: Nearly 10 million crayfish were sold during May Day

     On May 7, fresh food e-commerce Dingdong Maicai released sales data during the May Day holiday. Data shows that during this May Day this year, Dingdong Maicai sold nearly 10 million crayfish, and the combined weight of these crayfish is about 300 tons. Among them, Shanghai, Guangdong and Zhejiang became the top three major shrimp eaters, and people from the three places ate 78 tons, 66 tons and 48 tons of crayfish respectively. At the same time, due to the high temperature weather, ice cream and watermelon and other cooling foods have ushered in explosive growth. Dingdong Maicai big data shows that cold drinks such as ice cream and ice cream increased by 260% month-on-month during the May Day period. (Tianxia Online Business)

3. The "May Day" report of Benlai Life Network: Over 380 million yuan of consumption coupons drive sales of 115 million yuan

     According to May 7, starting from late April, Benlai Life Network launched the "May 5 Shopping Festival, New Year's Day" event, and plans to issue 1 billion yuan in consumption coupons, covering nearly a thousand products in many categories such as vegetables, fruits, meat, aquatic products, snacks, etc. As of May 5, Benlai Life Network has issued more than 8 million consumption coupons, with the amount of consumption coupons being issued exceeding 380 million yuan. The consumption coupons have accumulated sales of 115 million yuan, and high-end fruits have increased by more than 200%, among which Thai blueberries, Zespri kiwi, and Driscoll's Yunnan blueberries have increased by more than 300% year-on-year. In addition, data shows that the unit price of purchased goods in Shanghai increased by 10%, and order transactions increased by 300% year-on-year, of which orders tonight increased by 150% year-on-year. (E-commerce News)

4. During the May Day period, the online retail sales of key e-commerce companies in Jiangxi exceeded 3.6 billion yuan increased by 20.8% year-on-year.

     According to Nanchang News Network, from May 1 to 5, the online retail sales of key e-commerce companies in Jiangxi Province exceeded 3.6 billion yuan, a year-on-year increase of 20.8%, of which online non-physical service consumption exceeded 1 billion yuan, a year-on-year increase of 45.9%, accounting for 30% of the total online retail sales during the holidays. It is understood that during the May Day holiday, the online retail sales of physical goods by key e-commerce enterprises in Jiangxi Province exceeded 2.54 billion yuan, and online retail sales of online catering, online tourism, and online culture, sports and entertainment all hit record highs, with online retail sales exceeding 600 million yuan, 150 million yuan and 110 million yuan respectively, and service consumption recovered rapidly. (CCTV News)

5. Data: Nike and Adidas' sales plummeted year-on-year in April

     According to data from the international rating agency Morningstar, affected by the Xinjiang cotton incident, in April, sales of sports clothing and footwear on Tmall platform fell by 11% year-on-year, which is contrary to the growth rate of more than 30% in the fourth quarter of 2020. Among them, the sales of popular brands such as Adidas and Nike directly "halved", down 78% and 59% year-on-year respectively. In addition, Uniqlo, which also announced a boycott of Xinjiang cotton, also saw sales decline of more than 20%. At the same time, Chinese sports brands such as Li Ning and Anta, which clearly expressed their support for Xinjiang cotton, were favored by consumers. Data showed that Li Ning's sales on Tmall increased by more than 800% in April. (E-commerce News)

Internet news

6. Cainiao Network: It plans to open more than 800 international cargo flights in Hainan by the end of 2021

     According to Bloomberg, Cainiao Network, a subsidiary of Alibaba Group, said in a statement that its goal is to open more than 800 international cargo flights by the end of 2021, connecting China's Hainan and Japan, South Korea, Australia, New Zealand and some European countries. According to data, as of the end of 2020, Cainiao has deployed 6 super-large core logistics hubs around the world, operating more than 230 cross-border warehouses, including bonded warehouses and overseas warehouses, totaling more than 2 million square meters. At the same time, it operates more than 300 cross-border transportation dedicated lines, and the average monthly use of more than 200 air cargo planes. (E-commerce News)

Cross-border newsletter

7. Latin American e-commerce giant MercadoLibre: Buy $7.8 million in Bitcoin last quarter

     On May 7, according to LinkedDede, Latin American e-commerce giant MercadoLibre disclosed on Wednesday that the company had purchased $7.8 million in Bitcoin last quarter, a move that is part of its fiscal policy strategy. Last week, the company just announced that it would allow its customers to purchase some selected properties through real estate agencies using Bitcoin. According to Reuters, MercadoLibre recently released its first quarter results for 2021. During the reporting period, MercadoLibre achieved revenue of US$1.4 billion; a net loss of US$34 million, 61% higher than US$21.1 million in the same period last year. (Dunhuang.com)

8. Report: Amazon drivers are asked to turn off security software to increase delivery speed

     May 7 news, a new report released by Motherboard reportedly showed that some Amazon delivery truck drivers were ordered to shut down software used to identify dangerous driving behaviors in order to quickly complete delivery. The app is called Mentor, which Amazon uses to monitor drivers’ driving speed and safety. According to a Motherboard report, some courier service providers are pressuring drivers to circumvent rules and speeding to meet Amazon's high quota metrics. Several drivers said they were forced to speed and violate traffic regulations after closing the Mentor app. (Sina Technology)

9. Cross-border supply chain service provider "Hong Kong Jinmi" completed a round A financing of tens of millions of yuan

     On May 7, according to the investment community, Hong Kong Jinmi Technology Company recently announced that it has completed a round A financing of tens of millions of yuan. This round of financing will be invested in talent, technology research and development, as well as the creation of Jinmi's global database and cross-border O2O new retail system and the application of blockchain traceability and anti-counterfeiting technology. It is understood that Hong Kong Jinmi was established in June 2020. It is a cross-border supply chain service provider. It adopts the S2B2C model and uses big data, artificial intelligence and other technologies to provide digital cross-border supply chain services, empower small and medium-sized merchants, and help more Chinese small and medium-sized retail enterprises participate in import trade. (Tencent Technology)

10. AliExpress launches Poland's "X-Day" overseas warehouse rebate subsidy

     According to May 6, AliExpress recently stated that in order to encourage sellers to stock overseas warehouses, focus on operating overseas warehouse products, increase sales in Poland, and enhance customer experience of Polish buyers, AliExpress provides sellers with Poland’s “X-Day” overseas warehouse rebate subsidies. The specific event time is: 0:00:00 on April 1, 2021 to 23:59:59 on June 30, 2021; the event target is AliExpress China seller. In this event, AliExpress will subsidize merchants that meet the activity conditions and relevant rules. The subsidy amount is 2% of the transaction amount of overseas store warehouses in the event period. (Sina Finance)