#Laogao E-commerce Newsletter# [E-commerce Evening News on August 24]

      Evening news: Lei Jun withdrew from shareholders of 7k7k game affiliated companies; Yangmaidou 818 promotion data: Light luxury orders in third- and fourth-tier cities increased by 45% year-on-year; Xiaomi will hold an overseas new product launch conference on September 15; eBay releases the "Star Plan" and six major measures to promote new products overseas; Walmart announced that it will add a new "GoLocal" delivery service...

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

E-commerce newsletter

1. Lei Jun withdrew from shareholders of 7k7k game affiliated companies

      According to news on August 24, Tianyan Check information shows that recently, the 7k7k game affiliate Beijing Qike Chuangxiang Technology Co., Ltd. had an industrial and commercial change, and the original shareholder Lei Jun and others withdrew. The equity ratio of Dongzheng Tengjun Investment Partnership has changed from 8.09% to 11.51%; the equity ratio of Tianjin Yingya Chuangxiang Asset Management Partnership has changed from 1.09% to 1.55%; the equity ratio of Tianjin Yuedong Starry Sky Asset Management Partnership has changed from 8.88% to 12.63%; the equity ratio of Pingxiang Qike Chuangxiang Asset Management Partnership has changed from 9.78% to 13.91%, etc. At the same time, the company's registered capital was reduced from 10 million to about 7.03 million. (E-commerce News)

2. Yangmaidou 818 promotion data: Light luxury orders in third- and fourth-tier cities increased by 45% year-on-year

      According to the news on August 24, Yangmatou's 11th anniversary celebration of 818 promotion data shows that light luxury orders in third- and fourth-tier cities increased by 45% year-on-year, and have become an important force in the platform's light luxury consumption. Previously, Yangmaid announced the expansion of the official appraisal scope of luxury products, adding 40 new brands, mainly light luxury brands, such as MK, COACH, etc. Yangmaidou said that during the operation, it was found that "luxury taste appraisal service" has an important impact on consumer decision-making during luxury goods transactions. Based on the needs of platform users, Yangmaidou has continued to upgrade its appraisal service since August 2020. (E-commerce News)

3. Naixue’s tea-related companies have added new liquor operations

      According to news on August 24, Tianyan Check information shows that recently, Fuzhou Naixue Catering Management Co., Ltd. has undergone industrial and commercial changes, and its business scope has been reduced, and its business scope has been reduced; pastry, bread manufacturing and retail, etc., and new licensed projects have been added to alcohol business; food Internet sales; publications Internet sales; takeaway delivery services, etc. The company was established in January 2020 with a registered capital of RMB 1 million and its legal representative is Peng Xin. Shareholder information shows that the company is wholly owned by Shenzhen Pindao Catering Management Co., Ltd. (E-commerce News)

4. Yamato reiterates the target price of JD Logistics’ “Buy” rating of HK$36.5

      On August 24, Yamato released a research report saying that it would lower JD Logistics revenue expectations from 2021 to 22 by 1% to 4%, reflecting that ARPU growth was slower than expected, and the target price dropped from HK$37 to HK$36.5, and the rating reiterated the buy. The bank said that JD Logistics lost 15.4 billion yuan in the first half of the year, and the adjusted net loss if one-time items were excluded was 1.5 billion yuan. Revenue increased by 54% year-on-year in the first half of the year, of which external revenue increased by 110%, accounting for 54.7% of total revenue. The bank said management reiterated its market share expansion plan. While management aims to outperform the industry average, the bank believes there are challenges to reach in the next 2-3 years. (E-commerce News)

Internet news

5. Xiaomi will hold an overseas new product launch conference on September 15

      August 24th news, last night, Xiaomi’s official overseas social platform announced that Xiaomi will hold an overseas new product launch conference on September 15th. Previously, it was reported that the protagonist of this press conference may be the successor of Xiaomi 10T Pro last year, "Xiaomi 11T Pro". It is understood that the digital series models with the "T" suffix of Xiaomi are specially provided overseas, and the model that is now on sale is Xiaomi 10T Pro. (E-commerce News)

6. JD.com Group once rose by more than 15%, with its latest market value exceeding HK$863.8 billion

      On August 24, JD.com Group's intraday gains rose by more than 15% in the afternoon. Since its second quarter results were released last night, it was awarded a buy rating by major banks such as Yamato and Nomura. As of press time, JD.com Group rose 13.3%, with a quotation of HK$276 per share, with a market value of HK$863.823 billion. (Yibang Power News)

Cross-border newsletter

7. eBay releases "Star Plan" and six major measures to promote new products to go overseas

      On August 24, today, eBay released the "Star Plan" to officially launch a new product pre-sale model and corresponding six major support measures to promote new products to go overseas. The "Star Plan" allows sellers to launch new products through the eBay platform, obtain a 30-day pre-sale period for new products, and realize the import of on-site and off-site traffic through a series of closed-loop services such as official store brand logo, brand product catalog, and precise coupon placement. In November last year, eBay launched the internal testing of the "Star Plan", and launched more than 40 new products for the first launch of the platform during the testing phase, selling a total of tens of thousands of products, helping sellers increase the average sales speed of 3 to 5 times. (E-commerce News)

8. Walmart opens local delivery services to other retailers

      According to August 24, it is reported that Walmart drivers will soon deliver goods to other merchants at the same time. According to reports, Walmart is opening its in-house delivery platform, Spark Driver, to other businesses, so that independent contractors delivering Walmart groceries and other goods can make additional delivery along the way. This means Walmart is also joining the last mile delivery competition. In this new Walmart service, deliverymen will not drive Walmart cars or wear Walmart clothing, so that other large chains can also choose to use the service (Wall Street Journal)

9. Walmart announced that it will add "GoLocal" delivery service

      On August 24, Walmart announced that it will launch a delivery service called "GoLocal" to help other retailers deliver goods to consumers. The service will be operational by the end of this year and will include new technologies such as self-driving cars and drones. Walmart said it will offer options for shipping at competitive prices within two hours, as well as two-day delivery. Delivery will be handled jointly by associates, gig workers and other delivery companies. At present, Walmart has cooperated with FedEx to carry out online parcel delivery. (Yibang Power News)

10. Samsung Electronics' DRAM market share reached 43.6% in the second quarter, still ranking first in the world

      On August 24, according to statistics from market research firm TrendForce Consulting, global DRAM sales in the second quarter of 2021 increased by 26% month-on-month to US$24.114 billion, of which Samsung Electronics' market share rose slightly to 43.6% month-on-month, ranking first, and SK Hynix's market share was 27.9%, ranking second. (Sina Finance)