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

      Evening News: China Post will start the fifth postal "919 E-commerce Festival" on September 1; Xinxuan Olympic Goods Live Season ends: Total sales exceed 3.5 billion yuan; Baidu announced the launch of the unmanned vehicle travel service platform "Radar Quick Run"; Shopee's GMV in the second quarter reached US$15 billion in USD 87.5% year-on-year; Cainiao's largest collection warehouse in the country was officially opened in the Hangzhou Airport New District...

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

E-commerce newsletter

1. China Post will start the fifth postal "919 E-commerce Festival" on September 1

      According to August 18, China Post Group Co., Ltd. decided to carry out the 5th Postal "919 E-Commerce Festival" activity from September 1 to 30 to promote the high-quality development of China Post rural e-commerce. It is understood that the 5th Postal "919 E-commerce Festival" event will launch three major events: retail B2C, platform wholesale B2B and value-added business, and will be given a 1 billion yuan subsidy. Among them, in terms of retail B2C, this year's e-commerce festival will combine the "Farmers' Harvest Festival" to focus on the integration of private domain traffic, create business scenarios, and launch member rights services. (E-commerce News)

2. Xinxuan Olympic Goods Live Season Ending: Total Sales Over 3.5 billion yuan

      According to August 18, the 31-day live broadcast season of Xinxuan Olympic Goods has ended recently, with Xinxuan's total sales exceeding 3.5 billion yuan during the live broadcast season. Data shows that Xinxuan Olympic live broadcast season has conducted a total of 78 live broadcasts, with 5 having sales exceeding 100 million yuan, 16 having sales exceeding 50 million yuan, and 22 having sales exceeding 30 million yuan. Sales volume in sports categories surged, with sports shoes selling more than 390,000 orders and sales exceeding 80 million; sportswear sales exceeding 450,000 orders and sales exceeding 84 million. Among them, 18 links were listed on XP, with more than 150,000 orders, and a total sales of over 9 million; Xinxuan's own brand Rumma Password sales exceeded 58 million yuan, and EXR55 mecha sports shoes accumulated sales exceeded 69 million yuan. (E-commerce News)

3. Cainiao’s largest container warehouse in the country is officially opened in Hangzhou Airport New District

      On August 18, Cainiao officially opened the East China Container Warehouse located in Hangzhou Airport New District, Zhejiang today. It is reported that the container warehouse is currently the largest container warehouse in Cainiao in the country, taking into account parcel storage and processing capabilities. The warehouse has intelligent logistics equipment including digital assembly lines, gantry, cross-belt sorting machines, Ptl, IoT and other intelligent logistics equipment. The categories of transportation in East China's container warehousing include sports, toys, small accessories, maternal and infant, clothing, etc. The main destination countries include European and American, Russian, Latin America and other markets. (E-commerce News)

4. TikTok: More than 800,000 suspected fraud accounts were banned in the first half of the year

      The report shows that from January to June 2021, the Douyin Security Center voluntarily banned more than 800,000 suspected fraud accounts and intercepted and removed more than 1 million suspected fraud video content. At the same time, the Douyin Security Center has cooperated with police in many places across platforms to crack down on 57 online fraud gangs and arrest 273 fraudsters. The report shows that from January to June 2021, the number of anti-fraud reminders for Douyin search exceeded 11.77 million, of which the number of warm reminders for common order-brushing fraud exceeded 1.26 million. (E-commerce News)

Internet news

5. Baidu announced the launch of the unmanned vehicle travel service platform "Radar Run"

      According to August 18, Baidu World Conference 2021 opened today. Baidu founder, chairman and CEO Robin Li announced at the meeting that Baidu has launched a self-driving vehicle travel service platform - "Radar Run". According to reports, Radish Express combines Apollo's operational practices over the past two years and can provide the public with commercial operations and diversified value-added services. Official data shows that as of the first half of 2021, Baidu Apollo's autonomous driving travel service has received more than 400,000 passengers, tested mileage exceeds 14 million kilometers, and the number of autonomous driving patents exceeds 2,900, and manned services are open in Beijing, Guangzhou, Changsha and Cangzhou. (E-commerce News)

6. Ctrip: Travel pre-sale products can save users an average of 723 yuan

      On August 18, Ctrip released the "Trend Report on Travel Hoarding Consumption Behavior" today. Ctrip data shows that from March 2020 to August 2021, the average discount for Ctrip's pre-sale products is 50% off and the maximum discount is about 10% off; pre-sale products can save users an average of 723 yuan. Among stockholders, Ctrip's high-level members of platinum and above account for about 60%. Compared with men, women prefer stocking up, and female users who place orders Ctrip's pre-sale products rose by about 5% year-on-year. The report data also shows that the average validity period of Ctrip's pre-sale products is 5 months. (E-commerce News)

Cross-border newsletter

7. Cross-border payment companies in Thailand have an average monthly transaction growth rate of more than 60%.

      According to August 18, recently, Lianlian Thailand CEO Wang Yunna revealed that Lianlian Thailand products have been launched this year, and have successively connected to leading companies such as McDonald's and shopify and many Chinese cross-border e-commerce companies. In less than half a year, the average monthly transaction growth rate exceeded 60%, entering the "billion-yuan club". (Yibang Power)

8. Shopee's second quarter GMV reached US$15 billion and increased by 87.5% year-on-year

      On August 18, Shopee's parent company Sea Limited announced its financial results for the second quarter of 2021 ended on June 30. In the second quarter, the company's total GAAP revenue was US$2.3 billion, a year-on-year increase of 158.6%; among which GAAP revenue for e-commerce and other services increased by 174.1% to US$999.7 million. During the same period, the company's total gross profit was US$930.9 million, a year-on-year increase of 363.5%; the adjusted profit before interest, tax, depreciation and amortization was US$24.1 million. In the second quarter, Shopee's GAAP revenue was US$1.2 billion, a year-on-year increase of 160.7%; the total number of orders was US$1.4 billion, a year-on-year increase of 127.4%; the total amount of commodity transactions was US$15 billion, a year-on-year increase of 87.5%; and the adjusted profit before interest, tax, depreciation and amortization was US$579.8 million. (E-commerce News)

9. South Korean second-hand trading platform Danggeun Market received US$162 million in financing

      On August 18, South Korean second-hand trading platform Danggeun Market announced that it has raised US$162 million in a Series D financing with a valuation of US$2.7 billion. This round of financing was led by DST Global, with investments including Aspex Management, Reverent Partners, Goodwater Capital, Altos Ventures and others. It is understood that Danggeun Market is abbreviated as "nearby market" and was founded in 2015 by Gary Kim and Paul Kim, both of whom had previously worked for Kakao Talk, the largest messaging app in South Korea. Danggeun Market consumers can get everything from local fresh produce to deliver basic services such as cleaning, education, real estate brokerage and used cars to local communities. (E-commerce News)

10. Yicang Technology strategically invests in Amazon advertising SaaS service provider Yishutong

      On August 18, today, Yicang Technology announced that it has completed a strategic investment in cross-border e-commerce advertising marketing SaaS service provider Yishutong. In the future, the two parties will empower each other in the entire process of Amazon advertising and marketing management, providing cross-border e-commerce sellers with a set of advertising intelligent solutions that drive business growth. It is worth mentioning that the investor Yicang Technology, which has just completed a B+ round of financing not long ago. At present, Yicang has built a cross-border ecosystem of "SaaS + Logistics + Supply + Resources". In the SaaS sector, it has opened up many product lines such as ERP, WMS, TMS, M2B, BI, and publishing. (E-commerce News)