#Laogao E-commerce Newsletter# [E-commerce Morning News on August 20]

       Morning News: Ctrip's first "919 Travel and Stocking Festival" was officially launched; many e-commerce platforms have problems in product promotion, packaging labeling, etc.; Economic Daily: Strong Internet supervision is a pain and an opportunity; Amazon plans to open a large physical comprehensive retail store in the United States; Miniso's revenue in Q4 of fiscal 2021 was 2.47 billion yuan, up 59% year-on-year...

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

E-commerce newsletter

1. Baozun E-commerce's net profit in Q2 was 79.8 million yuan down 33.4% year-on-year

       On August 19, Baozun E-commerce released its unaudited financial results for the second quarter ended June 30, 2021. During the reporting period, Baozun E-commerce's total net income was 2.304 billion yuan, a year-on-year increase of 7.1%; the net profit attributable to common shareholders was 79.8 million yuan, a year-on-year decrease of 33.4%. The total sales volume of goods was 15.7272 billion yuan, a year-on-year increase of 23.3%; the distribution GMV was 1.0941 billion yuan, a year-on-year increase of 5.4%; the non-distribution GMV was 14.6331 billion yuan, a year-on-year increase of 24.9%. GMV generated by non-Tmall markets and channels accounted for approximately 31.7% of the total GMV, compared with 24.7% in the same period in 2020.

(E-commerce News)

2. Ctrip's first "919 Travel and Stocking Festival" officially started

       On August 19, Ctrip's first "919 Travel and Hoarding Festival" was officially launched. During the 30-day event cycle, Ctrip's contracted experts will output stocking strategies as "Stoppers Intelligence Officer" to inspire users to travel inspiration. Participated brands include theme park resorts represented by Shanghai Disney, Chimelong, Haichang, Club Med, OCT, and Dragon Dream; romantic resort brands led by Sanya Atlantis, Banyan Tree, Shangri-La, Nude Heart, Aibinon, and Nihua Bay; characteristic ancient towns, film and television cities, performing arts brands represented by Wuzhen, Gubei Water Town, Songcheng, and Hengdian. (E-commerce News)

3. Many e-commerce platforms have problems in product promotion, packaging labeling, etc.

       According to August 19, today, the Beijing Consumer Association conducted a comparative experiment on some quick-drying clothing, sun protection clothing, hats, sun protection ice sleeves, etc. The experiment found that the products sold on online stores of e-commerce platforms such as Pinduoduo, Suning.com, and Tmall have problems in product promotion, packaging labeling, pH value, moisture absorption and quick-drying properties. (E-commerce News)

4. Economic Daily: Strong Internet supervision is a pain and an opportunity

       On August 20, Today's Economic Daily published an article saying that since the beginning of this year, relevant departments have intensively introduced a series of new regulatory measures, especially in the rectification of Internet and off-campus training. The continuous tightening of regulatory policies has allowed overseas capital, which is highly sensitive to the market, to smell a different smell. Under strong supervision, "pain" is inevitable, but it is more of an opportunity.

       Anti-monopoly is a "touchstone". Companies that truly have core competitiveness, corporate culture is good, and constantly create dual economic and social values ​​will continue to flourish. For technology and Internet companies, they must be strong themselves, break out of the battle against the red ocean of traffic, actively seek new development methods, and continuously improve their innovative R&D capabilities. At the same time, take the initiative to assume more social responsibilities and promote sustainable social value innovation. The scenery should be viewed in a long way.

       my country's confidence in supporting the improvement of the capital market, promoting entrepreneurial spirit and adhering to opening up will not be shaken. Strengthening supervision of the platform economy just shows China's determination to vigorously develop the digital economy. It should be noted that the trend of rapid growth of my country's digital economy will not change, and the momentum of my country's digital economy leading global development will not change.

(Yibang Power News)

Cross-border newsletter

5. Data: Amazon UK's monthly sales are nearly 2.5 billion pounds

       According to data from Thrasio, Amazon's UK website currently has 13,483 local British sellers, with monthly sales of nearly 2.5 billion pounds, accounting for 5.5% of the entire UK retail industry's sales in June. In terms of urban distribution, London's monthly sales are £263 million, ranking first, followed by Birmingham, Manchester, Nottingham and Bristol. Among them, the categories with the highest average sales are books, clothing and pet supplies. In addition, according to British express delivery company ParcelHero, the UK's online sales will reach about 12.8 billion pounds in 2021, and online sales will account for 25% of total retail sales. (E-commerce News)

6. Amazon plans to open several large retail stores in the United States

       According to reports on August 19, Amazon plans to open several large retail stores in the United States similar to department stores. The new retail store will be approximately 30,000 square feet, with the first parts of the retail store located in Ohio and California. Amazon's privately-branded products are expected to occupy a prominent position, and plans have not yet been finalized and may change. (E-commerce News)

7. Amazon plans to open a large physical comprehensive retail store in the United States

       According to reports on August 20, Amazon is reportedly preparing to open a large-scale physical integrated retail format in the United States, similar to traditional department stores. Amazon's brick-and-mortar retail stores will be first opened in California and Ohio, people familiar with the matter said. News of Amazon opening a department store has caused a shock in the U.S. retail industry, causing abnormal stock prices of several retail giants, and Walmart's stock price fell 1% during the pre-market trading session. Recently, 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. (E-commerce News)

8. ByteDance affiliated companies invest in cross-border logistics comprehensive service provider Zongteng Group

       On August 19, a few days ago, Fujian Zongteng Network Co., Ltd. had an industrial and commercial change, adding ByteDance's affiliated company Beijing Quantum Yuedong Technology Co., Ltd. as a shareholder.

Zongteng Group is a cross-border logistics comprehensive service provider. The company was established in 2009. The legal representative is Wang Zun, with a registered capital of RMB 29.019 million. The business scope includes: domestic trade agency; property management; non-residential real estate leasing; real estate brokerage, etc. (Yibang Power News)

Internet Information

9. Miniso's revenue in Q4 of 2021 was 2.47 billion yuan, up 59% year-on-year



       On August 19, Miniso released its unaudited financial report for the fourth quarter of fiscal year 2021 as of the end of June 2021. The company's total revenue in the quarter reached RMB 2.47 billion, a year-on-year increase of 59%. Among them, domestic revenue was RMB 1.95 billion, a year-on-year increase of 43%; overseas revenue was RMB 520 million, a year-on-year increase of 179%. Miniso's domestic stores increased by 127 in the quarter and 35 overseas stores. As of June 30, 2021, Miniso had 4,749 stores worldwide, 2,939 stores domestically, and 1,810 stores overseas. Its new retail landscape has been deployed in 99 countries and regions around the world. (E-commerce News)

10. WeMall Group repurchases company shares not exceeding HK$1 billion from now on

       On August 19, WeMall Group announced that the board of directors has officially decided to exercise the share repurchase authorization for timely repurchase shares in the open market at an amount not exceeding HK$1 billion. The proposed share repurchase plan period is from August 19, 2021 to November 18, 2021. The board of directors may further exercise the share repurchase authorization according to the market conditions. The Board of Directors believes that the current share repurchase can show that the company is confident in its business outlook and prospects, and will ultimately bring benefits to the company and create value for shareholders. The board of directors believes that the company's existing financial resources are sufficient to support share repurchase while maintaining a sound financial position. (E-commerce News)