#Laogao E-commerce Newsletter# [E-commerce Morning News on September 24]

Morning News: Ctrip's revenue in the second quarter reached 5.9 billion yuan and increased by 86% year-on-year; JD.com: The "Penfu Plan" has driven rural areas to achieve a output value of 220 billion yuan; Walmart, Flipkart and the Indian Tamil Nadu government signed a cooperation agreement; Walmart's subsidiary Flipkart launched the "Flipkart Xtra" platform; TikTok e-commerce Mid-Autumn Festival promotion data: Hanfu transaction volume increased by 945% year-on-year...

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E-commerce newsletter

1. Ctrip's revenue in the second quarter reached 5.9 billion yuan and increased by 86% year-on-year

      According to September 24, Ctrip announced its second quarter results as of June 30 on Thursday local time. Driven by the strong recovery momentum of China's domestic market, in the second quarter of this year, Ctrip Group's net revenue was 5.9 billion yuan, a year-on-year increase of 86%, a quarter-on-year increase of 43%, and adjusted EBITDA was 916 million yuan, a 639% increase over the same period in 2020. According to the financial report, Ctrip's main business performed well in the second quarter of this year. Accommodation booking revenue was 2.5 billion yuan, a year-on-year increase of 96%; transportation ticketing revenue was 2.1 billion yuan, a year-on-year increase of 80%; tourism and vacation revenue was 367 million yuan, a year-on-year increase of 182%; business and travel management revenue was 390 million yuan, a year-on-year increase of 141%. (E-commerce News)

2. Kuaishou E-commerce has added "Regulations on the Release of Products for Mobile Phone Digital Computer Office and Household Electrical Appliances"

      September 23rd news, Kuaishou E-commerce today released a new announcement on the "Specifications for the Release of Products for Mobile Phone Digital Computer Office and Home Appliances". According to the requirements, the product specifications should be filled in the detailed product specification parameters. The main picture of the product requires clear and undistorted, there must be no large-area black projection, no non-scale scaling, including stretching, deformation, compression, etc. In addition, it is required to upload at least 3 main images, up to 9 main images, and drag and drop the pictures to change the order. These rules were first published on September 23, 2021 and came into effect on October 1, 2021. (E-commerce News)

3. Alibaba’s “hot land plan” progress: sales of agricultural products in more than 1,000 counties continue to increase

      According to September 23, today, Alibaba announced the first "work progress report" after four months of the implementation of the "hot land plan" for rural revitalization, involving digital rural construction, e-commerce assistance, public welfare design assistance, etc. According to reports, in the field of industrial revitalization, the sales of agricultural products in more than 1,000 counties across the country on the Alibaba platform have continued to increase, the agricultural product industrial belts in the counties of 20 rural special commissioners have been upgraded, and the design of county public brands has begun to show results. (E-commerce News)

4. JD.com: The "Penfu Plan" has driven rural areas to achieve a production value of 220 billion yuan

      According to September 23, the Harvest Festival report released by JD today shows that since the launch of the "Pengfu Plan" for rural revitalization in October 2020, as of August 2021, the rural area has achieved a output value of 220 billion yuan in 10 months. It is understood that JD.com's "Penfu Plan" is based on JD's digital and intelligent social supply chain, starting from the aspects of creating new infrastructure, developing digital and intelligent agriculture and logistics, and building digital villages. It builds a modern circulation system for agricultural products, promotes the positive circulation of high-quality agricultural products, and provides a complete solution for rural revitalization. It plans to drive rural areas to achieve output value of 1,000 billion yuan within three years and drive more farmers to achieve common prosperity. (E-commerce News)

Cross-border newsletter

5. Walmart, Flipkart and the Indian Tamil Nadu government signed a cooperation agreement

      September 23rd news, Walmart and Flipkart recently signed a cooperation agreement with the Ministry of Small and Medium Enterprises in Tamil Nadu, India and established a long-term cooperative relationship to support the e-commerce development of small and medium-sized enterprises in the region. It is reported that Walmart Vriddhi supplier development plan proposed by its partner Swasti will provide Tamil Nadu companies with opportunities to enter the online and offline markets in India and the global markets, sales strategies for export channels, and provide free local training and support to companies. In addition, Walmart plans to triple India's exports by 2027 to reach its annual target of $10 billion. (E-commerce News)

6. Amazon changes automatic inventory removal content

      On September 24, according to a news release by Amazon News on the Seller Forum, as the holiday approaches, Amazon has made changes to the automatic inventory removal content in order to provide more space for third-party sellers' products.

      Automatically removing old inventory can help sellers save on long-term storage fees and improve inventory performance index scores, while also freeing up space in the Amazon FL Center to store more popular inventory. According to the announcement, inventory that meets the following conditions can be automatically removed:

1. Store products in the Amazon FLM Center for more than 365 days and require long-term storage fees;

2. Products with Amazon Standard Identification Number (ASIN) that have not been sold for six consecutive months or more and have been stored in the Amazon FLZ Center for more than 180 days. (Yibang Power News)

7. Walmart's Flipkart launches the "Flipkart Xtra" platform

      September 23, according to money control, Flipkart recently announced the launch of the "Flipkart Xtra" new platform, which will provide individuals, service agencies and technicians with the opportunity to make money, and will also strengthen Flipkart's supply chain to ensure faster delivery services to consumers in the Indian region, in order to prepare for the upcoming shopping peak season. (E-commerce News)

8. Victoria's Secret's independent listing market value exceeds US$5 billion

      On September 24, the secret of Victoria's underwear brand, which had been silent for two years, was separated from its parent company L Brands Group and was independently listed on the New York Stock Exchange. On the first day of listing, the stock price rose sharply, with an increase of 29%, with a total market value of more than US$5 billion. "Sexy" was once the label of Victoria's Secret. After experiencing a series of storms such as performance decline, Victoria's Secret carried out drastic reforms to remove the label of "Sexy". (Yibang Power News)

Internet Information

9. TikTok e-commerce Mid-Autumn Festival promotion data: Hanfu transaction volume increased by 945% year-on-year

      On September 23, Douyin disclosed that during the "Douyin Mid-Autumn Festival Gift Season" event, the total live broadcast time of Douyin e-commerce event reached 16.64 million hours, with a total live viewing volume of 23.8 billion times, and a total of 39 billion users liked by the live broadcast room. Data shows that during the big promotion period, the transaction volume of domestic brand products increased by 523.8% year-on-year. Traditional skills combined with trendy elements of national trend gift boxes, Hanfu, embroidered round fans, oil paper umbrellas and other craftsmanship that condense folk culture have become the new protagonists of user interest consumption. Among them, the transaction volume of Hanfu increased by 945% year-on-year, the transaction volume of handmade lanterns in Mid-Autumn Festival increased by 366% year-on-year, and the transaction volume of embroidered round fans and oil paper umbrella increased by 377% and 137% year-on-year, respectively. (E-commerce News)

10. News says Meituan’s first offline physical pharmacy opened in Zhengzhou

      On September 23, according to "First Pharmacy Finance", recently, Meituan and Henan Yueren University Pharmacy launched an unmanned retail pharmacy pilot program "Meituan Buy Medicine Yueren University Pharmacy" opened in Zhengzhou. The store is Meituan's first offline pharmacy in the country. Some people familiar with the matter said that among all the big pharmacies in Zhengzhou, only Yuerenda Pharmacy provides Meituan with physical store space to load related equipment for Meituan unmanned retail, while pharmacies use equipment for free, so the two parties have reached a cooperation. At present, Meituan’s unmanned retail pharmacy has three stores in Henan, and one is in preparation. (E-commerce News)