#Laogao E-commerce Newsletter# [E-commerce Morning News on August 18]

      Morning News: Liangpinpuzi's net profit in the first half of 2021 was 192 million yuan, up 19.29% year-on-year; Pinduoduo officially launched the third "Farm Products Festival"; Amazon's retail sales surpassed Walmart for the first time to become the first abroad; Report: The Indian e-commerce market grew by 25% to US$38 billion in fiscal 2020-2021; SF Express announced the launch of the "Express Standard"...

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

E-commerce newsletter

1. Liangpinpuzi's net profit in the first half of 2021 was 192 million yuan and increased by 19.29% year-on-year

      On August 17, Liangpinpuzi released its 2021 semi-annual report. In the first half of the year, the company achieved revenue of 4.421 billion yuan, a year-on-year increase of 22.45%; net profit attributable to shareholders of listed companies was 192 million yuan, a year-on-year increase of 19.29%. Basic earnings per share was RMB 0.48. The financial report also shows that in the first half of the year, the company's online revenue increased by 19.34% compared with the same period, and offline revenue increased by 23.58% compared with the same period. As of the end of June this year, Liangpinpu had 2,726 offline stores, covering 22 provinces. At the same time, the company has newly entered social e-commerce, community e-commerce, and circulation channels. In the first half of the year, the company's non-platform e-commerce businesses such as social e-commerce and community e-commerce achieved revenue of 399 million yuan. (E-commerce News)

2. Xiaomi becomes Indonesia's best-selling mobile phone brand in the second quarter of 2021

      According to August 17, recently, Lu Weibing, president of Xiaomi Group's China Regional and International Department, posted on Weibo that Xiaomi's Indonesian team won the first place in the Indonesian mobile phone market in the second quarter of 2021. It is reported that Xiaomi's expansion of online and offline business is the main reason for the increase in its mobile phone sales in Indonesia. Xiaomi's online channel shipments in the second quarter were the highest, accounting for almost two-fifths of Indonesia's total online smartphone shipments. Meanwhile, Xiaomi has also worked with many small retailers across Indonesia. (E-commerce News)

3. Pinduoduo officially launches the third "Agricultural Products Festival"

      According to August 17, in order to help major agricultural production areas increase production and income, Pinduoduo officially launched the third "Agricultural Products Festival" today. Users can enter the special page through entrances such as "10 billion subsidies" and "limited-time flash sale", or search for "Agricultural Products Festival". It is understood that this year's "Agricultural Products Festival" will be upgraded on the basis of the previous two sessions, focusing on oversubsidies for high-quality agricultural production areas and geographical indication agricultural products in the country through channels such as "10 billion subsidies" and "limited-time flash sale". (E-commerce News)

4. Best Express released its second-quarter financial report and revenue reached 7.4 billion yuan.

      According to August 18, Today, Best Group announced its second quarter financial report for 2021. Data showed that Best Group's revenue in the second quarter was 7.4 billion yuan, of which Best Express's revenue increased by 15% month-on-month, Best Express's operation revenue increased by 19% month-on-month, Best Supply Chain revenue increased by 7% month-on-month, and Best International's revenue increased by 63.4% year-on-year. And as of the end of the second quarter, Best's cash and cash equivalents, restricted cash and short-term investment balances remained at RMB 3.4 billion. It is understood that this year, Best Group has completed financing and asset conversion of approximately RMB 1 billion. (E-commerce News)

Cross-border newsletter

5. Amazon's retail sales surpassed Walmart to become the first abroad

      According to reports on August 18, data showed that Amazon's retail sales exceeded Walmart for the first time in the past 12 months, becoming the largest retail seller outside of China. Stimulated by the epidemic, Amazon's revenue has increased significantly in the past year. In the latest quarter, Amazon's revenue reached US$113.1 billion, beating technology giants such as Apple, Google, and Microsoft, a year-on-year increase of 27%. In the past year, Walmart's revenue has increased by $24 billion, while Amazon has soared by $200 billion. Despite this, Alibaba is the number one in terms of sales worldwide. (E-commerce News)

6. Walmart's Q2 net profit was US$4.276 billion, a year-on-year decrease of 33.97%

      On August 17, Walmart released its second quarter financial report for the 2022 fiscal year, with revenue in the second quarter of US$141.05 billion, an increase of 2.4% year-on-year; net profit attributable to ordinary shareholders was US$4.276 billion, a decrease of 33.97% year-on-year; diluted earnings per share was US$1.52, compared with US$2.27 in the same period last year. Sam's membership store same-store sales increased by 7.7%, its e-commerce sales increased by 27%, membership revenue increased by 12.2%, and Walmart International's net sales were US$23 billion, down 15.2% year-on-year. (E-commerce News)

7. Report: India's e-commerce market grew by 25% to US$38 billion in fiscal 2020-2021

      According to foreign media reports, the Indian e-commerce market grew by 25% to US$38 billion during the 2020-2021 fiscal year. Bain and Flipkart's report pointed out that the Indian e-commerce market is expected to grow 25-30% annually in the next five fiscal years and will reach a scale of US$120-140 billion by fiscal 2026. According to reports from Bain and Flipkart, India has 130 million online shopping consumers and its Internet user base reaches 625-675 million, second only to the United States and China. In addition, the penetration rate of e-retail in India is 4.6% by the end of fiscal 2021. (E-commerce News)

8. GEA and Mastercard establish cooperative relationships with two e-commerce operators

      August 17th news, according to foreign media reports, the Ghana Enterprise Bureau and the Mastercard Foundation recently announced a partnership with two leading e-commerce operators in Africa, Plendify Inc. and Tonaton.com, to create an online marketplace to support women and young entrepreneurs, promote their products and connect with customers around the world. Through this cooperation, it will open up channels for local companies to enter the international market, and entrepreneurs will benefit from the construction of brand and digital marketing, and their revenue will grow. In addition, this cooperation will provide more employment opportunities for young people in Ghana. (Yibang Power News)

Internet Information

9. SF Express announced the launch of "Express Standard"

      According to August 17, SF Express recently announced that it will officially launch the "Express Shipping Standard". The scope of application of this product includes customers with B2C e-commerce large packages, B2B store allocation scenarios, B2B LTL pallet goods and batch parts. According to reports, "Express Standard Delivery" merges "standard LTL" and "heavy cargo parcel", and the kilogram section is positioned above 20kg, which means that the kilogram section is directly connected to achieve a product covering the large market; secondly, the pricing is simple, unlike the two types of billing methods in the past, "Express Standard Delivery" adopts the first-weight + renewal billing method. (E-commerce News)

10. WeChat Video Account Live Account Ladder Disposal Plan: From 3 Days of Limit to Permanent ban

      According to the news on August 17, the WeChat Security Center stated that the platform has specially formulated the "Video Account Live Account Ladder Disposal Plan" and issued an announcement. Combined with the anchor's historical violations during the live broadcast, the anchor's security credit score is calculated, and measures such as ladder disposal are taken for anchor accounts that have violated regulations many times. According to the cumulative degree of violations of the account, the handling efforts gradually increase from mild current limit, moderate current limit, severe current limit, and ban broadcasting ladder. (E-commerce News)