#Laogao E-commerce Newsletter# [E-commerce Morning News on August 31]

      Morning News: Dingdong Maicai's revenue in the second quarter was 4.65 billion yuan, up 78% year-on-year; Suning.com: As of June 30, 69 logistics bases were operated in 48 cities; Antarctic E-commerce listed cross-border independent station projects as a key business line in the next five years; Xiamen launched the maximum subsidy of cross-border e-commerce enterprises in 2020; State Post Bureau: Support and affirm the adjustment of terminal distribution fees for some express delivery companies...

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

E-commerce newsletter

1. Suning.com: As of June 30, 69 logistics bases have been operated in 48 cities

      According to the 2021 semi-annual report released by Suning.com, as of June 30, 2021, Suning.com has operated 69 logistics bases in 48 cities. Based on the leading self-built logistics facility network in the retail industry, based on the resources of more than 10,000 offline Internet stores, Suning.com provides users with a variety of logistics service products such as instant self-pickup, 1-hour delivery, half-day delivery, and next-day delivery to meet different needs of efficiency. (E-commerce News)

2. Dingdong Maicai's revenue in the second quarter was 4.65 billion yuan, up 78% year-on-year

      According to August 30, today, Dingdong Maicai released its second quarter financial report for 2021 as of June 30. According to the financial report, Dingdong Maicai's total revenue in the second quarter was RMB 4.646 billion; GMV was RMB 5.3782 billion; without the US General Accounting Standards, the net loss was RMB 1.7285 billion; the average monthly transaction user number in the second quarter was 8.4 million; as of June 30, 2021, the number of fulfillment stations was 1,136, an increase of 147 from March 31, 2021. (E-commerce News)

3. Xiaomi invests in Tianjin Haihe Shunke Equity Investment Partnership

      According to news on August 30, Tianyan Check data showed that recently, Tianjin Haihe Shunke Equity Investment Partnership underwent industrial and commercial changes, and Xiaomi's affiliated company Hanxing Venture Capital Co., Ltd. was added as a shareholder. Data shows that the company was established in August 2019 with a capital contribution of RMB 100 million. The executive partner is Tianjin Shuncheng Investment Management Partnership, and its business scope includes investment in unlisted companies, investment in private placement of shares of listed companies, and related consulting services. (E-commerce News)

4. State Administration for Market Regulation: Increase supervision of shared consumption

      On August 31, the website of the State Administration for Market Regulation released a message yesterday that recently, under the administrative guidance of the State Administration for Market Regulation, eight shared consumer brands operating enterprises, including Hello, Qingju, Meituan, Monster, Xiaodian, Laidian, Jiedian and Soudian, have actively rectified and achieved results. The price increase in the shared consumer field has been effectively curbed, and the price has gradually been transparent and standardized. (E-commerce News)

Cross-border newsletter

5. Urumqi launches cross-border e-commerce B2B direct export business

      On August 31, recently, the Urumqi Cross-border E-commerce Comprehensive Pilot Zone held the "Term of Shipping the First Batch of Goods for Cross-border E-commerce B2B Direct Export Business". It is reported that this is the first batch of cross-border e-commerce B2B goods in Urumqi to be exported abroad on China-Europe freight trains, marking the implementation of the "9710" export business of cross-border e-commerce in Urumqi. (Cailianshe)

6. Antarctic E-commerce lists cross-border independent station projects as key business lines in the next five years

      On August 30, Antarctic E-Commerce pointed out in its semi-annual financial report recently that in the next five years, the company will focus on the two main lines of "brand + consumer goods", combine "digital + supply chain" to reach "user + channel", and focus on expanding six major business lines, including cross-border independent platforms - through self-operated models, creating multiple overseas sales platforms such as women's clothing (Fommos), children's clothing (maternal and infant), home decoration and home appliances, etc.

It is reported that Antarctic E-commerce's cross-border e-commerce independent site project Fommos was originally planned to be launched in July 2021, but it has not been launched to this day. According to the information disclosed by Antarctic E-commerce on August 28, the project will be basically launched in September. The main reason for the delay in launching is that Antarctic E-commerce is still polishing the links including supplier labels, R&D, planning mechanisms, cross-border returns and delivery management, and hopes to be more perfect and healthier before officially launching. (Yibang Power News)

7. Xiamen launches the maximum subsidy for cross-border e-commerce enterprises in 2020

      According to August 31, Xiamen City recently launched the application for cross-border e-commerce related subsidies for 2020. Among them, the cross-border e-commerce logistics subsidy is enjoyed at 1% of the transaction volume every quarter, with a maximum annual subsidy of 5 million yuan for a single enterprise; the cross-border e-commerce information system usage fee subsidy is 50% for an annual subsidy of 50% for an information management system, and a maximum annual subsidy of 200,000 yuan for a single enterprise is registered and paid taxes in the Xiamen Comprehensive Pilot Zone. It has independent legal person qualifications and conducts 9610 and 1210 businesses; in 2020, the transaction volume of 9610 and 1210 businesses can be declared. (E-commerce News)

8. News says PayPal will launch stock trading business

      On August 31, local media in the United States said that based on personnel changes and two sources, American payment giant PayPal is planning to provide stock trading services to American users. It is reported that Paypal recruited former Ally Investment President Rich Hagen as CEO of a department called "Investing in PayPal" this month, and the company has never disclosed the existence of this department before. Sources said PayPal may enter the track through acquisitions or cooperation with securities companies, and the company has now communicated with several potential partners. (E-commerce News)

Internet Information

9. State Post Bureau: Support and affirm some express delivery companies to adjust terminal payment fees

      According to August 30, recently, some express delivery companies have proposed plans to gradually adjust and increase terminal payment fees, and the State Post Bureau supports and affirms this. In the past two days, some express delivery companies have announced the increase in the terminal payment fee, which is a concrete action to implement the relevant requirements of the seven departments' "Opinions on Doing a Good Job in Protection of the Legal Rights and Interests of Couriers Groups". It is a pragmatic measure to effectively protect the reasonable income level of couriers, and reflects the positive attitude of enterprises to protect the legitimate rights and interests of couriers groups. (E-commerce News)

10. "Zhejiang Takeaway Online" Features revealed: There are 7 aspects of institutional and mechanism innovations

      On August 30, the Ministry of Commerce and six other departments jointly issued the "Notice on Supporting Market Entities for Relief and Development of Market Entities such as Offline Retail, Accommodation and Catering, Foreign-invested and Foreign Trade". For offline retail, accommodation and catering, foreign-invested and foreign trade and other market entities that have been continuously affected by the epidemic, a series of targeted financial support measures such as strengthening inclusive financial services to meet the reasonable funding needs of enterprises, innovating and optimizing financing products and services, and optimizing export tax rebate processing.

At the same time, it is clear that the connection between various departments will be strengthened, and difficult issues in the implementation of policies will be coordinated to ensure that the policies are effectively transmitted to market entities, so as to help market entities in relevant industries effectively respond to the impact of the epidemic and promote industry recovery and high-quality development. (Yibang Power News)