#Laogao E-commerce Newsletter# [E-commerce Morning News on April 12]

      #Laogao E-commerce Newsletter# [E-commerce Morning News on April 12] Morning News : Apple may integrate Podcasts+ podcast subscription services in Apple One; Microsoft is negotiating the acquisition of Nuance Communications; Dingdong Maicai affiliated company has established an e-commerce company in Chongqing.

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E-commerce newsletter

1. Wang Wei responded to "community group buying": SF Express will never touch business

      On April 12, SF Holdings held a performance briefing on April 9. Regarding the community group buying business, Chairman Wang Wei said that the company's vision is to become a data technology service company with independent third-party industry solutions. For community group buying, business flow is needed. We will never touch business flow because we are an independent third-party. Some time ago, someone said that SF Express did community group buying, which is wrong. We will never touch business flow. If the company does not have business flow, it is impossible to do community e-commerce by yourself. If there is an e-commerce platform to run a company together, you can provide supply chain support. (E-commerce News)

2. NetEase Yanxuan: It has entered the brand development stage from the ODM stage

      According to the news on April 11, at the press conference for the fifth anniversary of the establishment of NetEase Yanxuan, Liang Jun, CEO of NetEase Yanxuan, said that NetEase Yanxuan has entered the stage of brand development from the past ODM stage. It is reported that NetEase Yanxuan was established in 2016. Since 2019, NetEase Yanxuan has established a business model with explosive product incubation capabilities + omni-channel system, and plans to transform from the ODM stage to the brand stage. At present, Yanxuan has created a set of moats with "people", "goods" and "fields" as the core. (E-commerce News)

3. Convenience Bee launches seasonal menu and "limited sales"

      On April 11, Convenience Bee launched a seasonal menu with the theme of "Spring Flavor and Just Food". Seasonal dishes such as stir-fried milk cabbage, lettuce and fried meat will be presented one after another, and a "limited time sale" will be implemented. According to reports, based on regional characteristics, Convenience Bee creates local seasonal food in stores in North China and East China respectively, and implements "limited sales". It is reported that Convenience Bee divides dishes into three categories according to the degree of loss after reheating. At the same time, Convenience Bee sorted hundreds of hot meals on the market in the past through backend big data, selected the dishes that consumers most recognized, and then reappeared after being polished by the chef. (E-commerce News)

4. Dingdong Maicai affiliated company established an e-commerce company in Chongqing

      April 11th news, Chongqing Chaolizhi E-Commerce Co., Ltd. was established a few days ago. The company is 100% owned by Dingdong Maicai's affiliated company Shanghai Yibaimi Network Technology Co., Ltd. Tianyan Check shows that the establishment date of Chongqing Chaolizhi E-Commerce Co., Ltd. is April 8, 2021, with a registered capital of 1 million yuan, and its legal representative is Yu Le. Its business scope includes food operations; second-class value-added telecommunications business; health food sales; road cargo transportation (excluding dangerous goods); catering services; technology import and export; import and export of goods, etc. (E-commerce News)

Cross-border newsletter

5. Amazon adds the "Batch Change Product Information" function to the seller's backend

      According to the "Cross-Border Business School", recently, Amazon's US website announced that it has added a new feature to the seller's backend product information quality control panel (Listing Quality Dashboard) - batch changes to product information. Through this function, sellers can upload missing product attributes for multiple asin at one time. According to reports, more comprehensive and complete product information can make it easier for buyers to find and evaluate products, which greatly promotes purchase conversions. Amazon also prefers to display more complete product information listing.

      At present, this function mainly counts the completeness of information in both aspects of the product, including basic information (pictures, brand, description, etc.) and detailed information (materials, origin, size, etc.), among which maintenance instructions and other information that sellers do not fill in frequently will also be counted.

      Specifically, the path to this function is to seller background → inventory → improve product information quality → click "Batch Changes" in the center of the page. It is worth mentioning that the main advantage of batch modification of missing information lies in Amazon's active screening and counting the missing information types. (E-commerce News)

6. Cross-border e-commerce Onion Group submits its prospectus to IPO on the New York Stock Exchange

      April 9th ​​news, Onion Global Limited (hereinafter referred to as "Onion Group"), the parent company of the cross-border e-commerce Onion Group, recently submitted a prospectus to the US Securities and Exchange Commission (SEC), intending to list on the New York Stock Exchange with the stock code "OG". IPO underwriters include Huatai Securities, Ross Capital, and Tiger Securities.

      The prospectus shows that for the net income from this issuance, the group plans to use 50% of it to develop private brand and brand partnerships, 20% to expand marketing and distribution channels, 5% to enhance technical capabilities, and 15% to work capital and other general corporate purposes, including potential strategic investments and acquisitions.

      It is disclosed that the total revenue of Onion Group in 2018, 2019 and 2020 was 1.805 billion yuan, 2.851 billion yuan and 3.811 billion yuan respectively; the net profit was -94.75 million yuan, 103 million yuan and 208 million yuan respectively.

      At the same time, the GMV generated by the products sold by the company's brand partners on its own retail platform was 428.8 million yuan in 2018, 966.8 million yuan in 2019, and 1.309.9 billion yuan in 2020. The company has processed orders in the past three years of 5.5 million, 10.3 million and 15.8 million respectively.

      In addition, the total number of brands of Onion Group and its O'Mall in 2018, 2019 and 2020 were 1800, 2900 and 4000, respectively; the number of active buyers was 737,500, 963,900, and 2.2395 million, respectively; the number of registered users was 4.2109 million, 7.923,800, and 15.117 million, respectively.

      Onion Group was established in 2015. Its cross-border e-commerce platform Onion O'MALL provides 23 types of lifestyle products, including beauty products, maternal and child products, food and beverages, fast fashion and health products, etc. At present, the group has completed 6 rounds of financing, namely 35 million yuan of angel round financing, 30 million yuan of Pre-A round financing, A round, B round financing of 100 million yuan, and C round financing of 200 million yuan. (E-commerce News)

7. Etsy Australian Postal Freight will be increased from April 15

      April 9 news, Etsy recently stated that sellers will pay a 5% extra shipping fee when purchasing the "Australia Post" shipping label through its system, and the new rate will take effect on April 15. Meanwhile, the specific cost changes for US Postal, FedEx, Royal Mail, Australian Post and Canada Post will depend on the transportation service and destination. Etsy also said that when buyers purchase shipping labels on the platform, Etsy will simplify the steps for sellers and automatically mark all orders as shipped.

      According to Etsy, the rate changes have been reflected on the label purchased by the Etsy platform or will be updated when it takes effect. And for US sellers using shipping calculations, these new rates will also be automatically updated.

It is worth mentioning that Calculated Shipping is a way to help sellers save time, which automatically calculates the corresponding shipping costs for single or multiple orders to domestic and international destinations, and allows for shipping to buyers in US and Canadian sites to be displayed to sellers in USPS and Canada Post. (E-commerce News)

8. Microsoft is negotiating to acquire Nuance Communications

      According to people familiar with the matter, Microsoft is in deep negotiations on the acquisition of Nuance Communications Inc., an artificial intelligence and voice technology company. The price under discussion valued Nuance at about $56 per share, although terms may still change. The agreement may be announced as early as this week, negotiations are underway and discussions may still break down. Representatives for Microsoft declined to comment. A spokesperson for Burlington, Massachusetts-based Nuance did not immediately respond to a request for comment. (Bloomberg)

Internet news

9. Yahoo Q&A will be completely closed on May 4

      According to reports on April 11, as one of the oldest Q&A websites in the Internet, Yahoo Q&A will be completely closed on May 4. After that, visiting the website will directly jump to the Yahoo homepage, and all the original content will also disappear from the Internet. It is reported that from April 20, the platform will no longer accept new questions. Users can request their own data by June 30, and they will not be able to continue accessing this information after that. (E-commerce News)

10. Apple may integrate Podcasts+ podcast subscription service in Apple One

      According to reports, according to Apple's previous practices, the company may launch podcast service Podcasts+ at this year's launch event. Apple has previously launched Apple News+, Apple Arcade, Apple TV+ and Apple Cards. Last year, it released Apple One subscription service, which can bind multiple services and get certain discounts. (Sina Technology)