#Laogao E-commerce Newsletter# [E-commerce Evening News on August 5]

      Evening News: Latin American e-commerce MercadoLibre's revenue in Q2 2021 increased by 93.9% year-on-year; Amazon's third-party brand acquisition company Suma Brands completed a financing of US$150 million; China Post completed a delivery business volume of 8.73 billion pieces in 2020, an increase of 22% year-on-year; drone logistics service provider Elroy Air received a Series A financing of US$40 million; Alibaba Social Responsibility Report: Nearly 3.4 billion yuan spent in the past year to support the fight against the epidemic...

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

E-commerce newsletter

1. Drone logistics service provider Elroy Air receives US$40 million in Series A financing

      August 5th news, according to foreign media reports, recently, the US drone logistics service provider Elroy Air received a US$40 million Series A financing, with investors including Marlinspike Capital, Prosperity7, Catapult Ventures, DiamondStream Partners, Side X Side Management, Shield Capital Partners and Precursor Ventures. The amount of funds raised in this round will be used for the construction, testing and verification of drones. It is understood that the company mainly delivers in remote and sparsely populated areas, and most of the items are large items. In addition, the Elroy Air uses large drones that can take off and land vertically, with a set of wings to assist, allowing for quick and flexible airlift of cargo. (E-commerce News)

2. Alibaba Social Responsibility Report: Nearly 3.4 billion yuan has been invested in support of the fight against the epidemic in the past year

      On August 5, Alibaba Charity announced the "2020-2021 Alibaba Group Social Responsibility Report". The report shows that from December 2017 to December 2020, 832 former national poverty-stricken counties achieved commodity sales of 270 billion yuan through Alibaba's platform; in 2020, Alibaba's agricultural product sales reached 303.7 billion yuan, ranking first as the "largest agricultural product sales platform" for the rest of the time; nearly 1,000 Alibaba digital agricultural bases and more than 1,000 "Cainiao County Express Co-delivery Centers" have been implemented nationwide. In the past year, Alibaba has invested nearly 3.4 billion yuan in support of the fight against the epidemic, donating a total of 200 million anti-epidemic materials to the country and 150 other countries; more than 2.5 million merchants and 500 million consumers donated more than 9 billion donations through Taobao's "Public Welfare Baby", 100% of them were put on the chain; more than 1 million people participated in charity through the "Everyone 3 Hours" platform. (E-commerce News)

3. China Post completed 8.73 billion pieces of delivery business in 2020, up 22% year-on-year

      According to the news on August 5, China Post's 2020 annual report recently released, China Post Group achieved revenue of 664.5 billion yuan, a year-on-year increase of 7.7%; and achieved profit of 60.64 billion yuan, a year-on-year increase of 12.5%. Among them, China Postal Delivery Business achieved revenue of 75.73 billion yuan, a year-on-year increase of 4.9%, and completed business volume of 8.73 billion pieces, a year-on-year increase of 22%. In terms of capacity building for delivery business, postal cost control has begun to show results: the collection and delivery cost has decreased by 6.3%, the sorting cost has decreased by 8.4%, the transportation cost has decreased by 11.1%, the delivery cost has decreased by 15.1%, and the management cost has decreased by 37.3%. (E-commerce News)

4. News says JD Retail completes a new round of executive appointments

      According to 36Kr, JD Retail Group recently completed a new round of personnel adjustments. Among them, Feng Yi, the former president of the Dashang Super League omni-channel business group, was transferred to the Fashion Home Furnishing Group as president, and reported to Xu Lei, CEO of JD Retail; Zhao Yingming, the former president of the Fashion Home Furnishing Group, changed to report to Feng Yi; and Liu Lizhen was promoted to the new president of the Dashang Super League omni-channel business group. The fashion home furnishing business group has always focused on the development of categories based on POP open platform within JD.com, including fashion, beauty, toplife and other businesses, which is the growth responsibility of JD.com's third-party business. According to reports, after Feng Yi took office as president of the Fashion Home Furnishing Group, JD.com has become more radical in its POP business and is expected to make a comeback in the tripartite business in the post-"two-choice" era. (E-commerce News)

Internet news

5. Yonghui Supermarket: Appoint Li Songfeng as CEO to comprehensively promote digital transformation

      On August 5, Yonghui Supermarket issued an announcement stating that Li Guo applied to resign from his position as CEO and the company plans to appoint Li Guo as chairman of Fuping Yunshang Supply Chain Management Co., Ltd. On August 5, the board of directors reviewed and passed the proposal, appointing Li Songfeng as the company's CEO to comprehensively promote the company's digital transformation. The announcement shows that Li Songfeng was once the senior director of JD Group and the CTO of Yonghui Supermarket. Since joining Yonghui Supermarket, Li Songfeng has been responsible for the implementation of Yonghui Supermarket's technology strategy and digital transformation strategy, which has effectively promoted the construction of Yonghui Supermarket's technology capabilities and omni-channel digital operation capabilities. (E-commerce News)

6. Bezos' Blue Origin: SpaceX Starship Manned Moon Landing is very dangerous

      On August 5, Jeff Bezos' space-space company Blue Orgin has reportedly criticized it once again for its decision to award a $2.9 billion lunar lander contract to Elon Musk's company SpaceX. On Wednesday, Blue Origin released an infographic on its official website, which the company called SpaceX's Starship that sent NASA astronauts to the moon's surface, a "extremely complex and risky" vehicle. (Sina Technology)

Cross-border newsletter

7. Amazon's third-party brand acquisition company Suma Brands completes $150 million in financing

      On August 5, Amazon's third-party brand acquisition company Suma Brands announced that it had completed a US$150 million financing. It is reported that the financing was led by Pace Capital and Material, and most of the funds were raised in the form of debt financing, with equity financing accounting for US$12.5 million. Suma Brands plans to use debt financing funds to expand Amazon's acquisition business, and the smaller equity part is used for technology and core business investment. The company's valuation has not been disclosed yet. In addition to acquiring top-tier market brands, Suma Brands is recruiting world-class e-commerce, brand management and supply chain talents to expand its operating platform and plans to set up offices in New York and Los Angeles. (E-commerce News)

8. eBay plans to enter Mexico, its largest Latin American market

      On August 5, according to foreign media reports, eBay plans to enter Mexico, its largest Latin American market, and this move will create more jobs for the country. In 2020, Latin America became the fastest growing region in the world with e-commerce, while Mexico became the fourth fastest growing e-commerce market in the world with a growth rate of 62%, making the country a priority for eBay's Latin American market deployment. It is estimated that Mexico will account for 27% of the Latin American market in 2021, about US$35 billion, second only to Brazil. (E-commerce News)

9. Etsy's second-quarter revenue increased by 23.4% year-on-year

      According to August 5, Etsy recently announced its second-quarter results, with total revenue in the second quarter of US$528.9 million, a year-on-year increase of 23.4%; total commodity sales (GMS) increased by 13.1% year-on-year to US$3 billion. It is reported that in the second quarter, the Etsy platform added 8 million new buyers, with a total of 90.4 million active buyers. In the past year, the GMS of each active buyer has increased by 22% year-on-year, setting a new high. It is understood that Etsy announced the acquisition of Brazilian e-commerce platform Elo7 in June and completed the acquisition of British fashion e-commerce platform Depop in July. (E-commerce News)

10. Latin American e-commerce MercadoLibre's revenue in Q2 2021 increased by 93.9% year-on-year

      August 5th news, on August 4th, Latin American e-commerce technology company MercadoLibre (Mekerdo) announced its second quarter financial results as of June 30, 2021. According to the report, in the second quarter, MercadoLibre's net income was US$1.7 billion, a year-on-year increase of 93.9% in US dollars; the total commodity transaction volume (GMV) increased to US$7 billion, a year-on-year increase of 39.2% in US dollars; independent active users increased by 47.4% year-on-year to 75.9 million; the order volume in the quarter reached 244.6 million units, a year-on-year increase of 37.0%. In the second quarter of 2021, the transaction volume paid through Mercado Pago, the digital payment system of MercadoLibre, exceeded US$17.5 billion, an increase of 56.3% year-on-year in US dollars; the total payment transaction volume increased by 80.3% year-on-year, and the total transaction volume in this quarter was 729.9 million. (Yibang Power Network)