#Laogao E-commerce Newsletter# [E-commerce Evening News on December 1st]

Evening News: Tmall Supermarket: Since November, sales of health products such as black sesame balls have increased three times year-on-year; news says that Douyin e-commerce has tested door-to-door delivery services; Baozun E-commerce's GMV in the third quarter of 2021 reached 16.078 billion yuan, a year-on-year increase of 48.2%; Cainiao's average daily cross-border parcel order volume has exceeded 5 million; Southeast Asian e-commerce comprehensive service provider Lai Zanbao completed a round A financing of over 100 million yuan...

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E-commerce newsletter

1. News says Douyin e-commerce tests home delivery service

According to Tech Planet, Douyin e-commerce recently launched a "door delivery" service. After merchants activate this function in the background, they can directly provide door-to-door delivery services for consumer orders with high express delivery service requirements to reduce consumer logistics complaints and product refund rates. It is reported that at present, the express companies supported by this function include ZTO, YTO and Yunda. The other express delivery companies are connected one after another, and the charges are 0.8 yuan per order, using the first logistics track as the deduction node. When the express company fails to perform its contract in accordance with the promised service and a customer complaint occurs, the express company shall compensate the merchant at 5 yuan per order. (E-commerce News)

2. Tmall Supermarket: Since November, sales of health products such as black sesame balls have increased by three times year-on-year

According to news on December 1, consumer insights from Tmall supermarkets showed that health foods have begun to become "snack-like", and young people born in the 1995 have begun to become the main force in health preservation. Since November this year, the sales of portable black sesame balls, autumn pear paste and brown sugar ginger tea on Tmall supermarkets have increased by three times year-on-year, and 70% of them have been bought by newly-produced young families born in the 1995s. From the perspective of consumer groups, the main people who embrace traditional health preservation are still distributed in super cities such as Beijing, Shanghai, Guangzhou and Shenzhen, but third-, fourth- and fifth-tier cities such as Shaoguan, Jingmen, Zunyi, Xinyang, Yichun, and Huangshi have also entered the top 10 cities. (E-commerce News)

3. WeChat Pay officially launched the "Love Meal Donation" project

On December 1, according to the official WeChat public account "WeChat Pai", the "WeChat Payment Love Meal Plan" has been upgraded and the "Love Meal Donation" project has been officially launched. Previously, donations from Love Meal came from WeChat Pay and Tencent Charity. During the process of catering consumption, users use WeChat to pay and select "Donate one yuan" to do charity for one yuan. It is worth mentioning that users donate one yuan, and the WeChat payment platform also allocates one yuan to donate. All donations are directly entered into the account of the Beautiful Shenzhen Charity Foundation, and donation records can be checked at any time. (E-commerce News)

4. Baozun E-commerce's GMV in the third quarter of 2021 reached 16.078 billion yuan, an increase of 48.2% year-on-year

On December 1, Baozun E-Commerce announced its third-quarter 2021 results, with total net revenue of RMB 1.899 billion, an increase of 3.8% year-on-year; net loss attributable to common shareholders of Baozun E-Commerce Co., Ltd. was RMB 292.5 million, and net profit of RMB 64.6 million in the same period last year; basic and diluted net losses per American depositary share were RMB 4. During the reporting period, the total transaction volume of Baozun E-commerce was 16.078 billion yuan, an increase of 48.2% year-on-year. The distribution GMV was approximately RMB 786 million, a year-on-year decrease of 9.5%. GMV generated by non-Tmall trading platforms and channels accounted for about 34.0% of the total GMV this quarter, compared with 36.5% in the same period last year. (E-commerce News)

Internet news

5. Ele.me established the first Blue Knight Party Branch in Shanghai

On December 1, the Party Members' Meeting of the Communist Party of China Lazas Network Technology Co., Ltd. Committee was recently held to elect a new Party Committee. At this party members' meeting, the first Blue Knight Party Branch and the first Blue Knight Party and Mass Service Station in the country were officially established. (E-commerce News)

6. UnionPay International announced the launch of the largest overseas shopping discount this year

According to China UnionPay news on December 1, UnionPay International recently announced that it will launch the largest cardholder exclusive overseas shopping discount this year. Consumers use UnionPay cards and "Cloud Flash Payment" overseas shopping in Qianjia International E-commerce. In addition to enjoying the own discounts on major platforms, they also have a superimposed discount of as low as 62% off. According to reports, at present, the UnionPay online acceptance network has covered more than 22 million Internet merchants in more than 200 countries and regions overseas. Consumers can directly pay by entering the UnionPay card number, and in a large number of high-quality e-commerce companies such as Mytheresa, they can also use PayPal with UnionPay cards to pay. (E-commerce News)

Cross-border newsletter

7. Goldman Sachs announced the launch of "Goldman Sachs Financial Data Cloud" with Amazon Cloud Technology

On December 1st, at the Amazon Cloud Technology re:Invent summit, Goldman Sachs announced that it would jointly launch a new cloud data and analytics solution for financial institutions - Goldman Sachs Financial Data Cloud. According to reports, this cooperation will significantly reduce the need for investment companies to develop and maintain basic data integration technologies and lower the threshold for advanced quantitative analysis in global markets. (E-commerce News)

8. Southeast Asian online ride-hailing giant Grab will be listed in the United States on December 2

According to foreign media reports, Southeast Asian online ride-hailing giant Grab will be listed on the Nasdaq in the United States on December 2, which will be the world's largest SPAC transaction. It is reported that in April this year, Grab agreed to a SPAC merger with Altimeter Growth, which valued the company close to $40 billion. Grab will receive $4.5 billion through the deal, including $4 billion in private investment in public equity. After the merger, Grab CEO Anthony Tan will acquire a 2.2% stake, while largest shareholder SoftBank will own 18.6% stake. (E-commerce News)

9. Cainiao’s average daily cross-border parcel order volume has exceeded 5 million

According to December 1, at the 2021 United Nations International Procurement Conference held recently, Zhao Jian, general manager of Cainiao International's supply chain, said that Cainiao's average daily cross-border parcel order volume has exceeded 5 million. Zhao Jian said that as of November 30, Cainiao has transported more than 250 million medical supplies to more than 150 countries and regions around the world, and has transported millions of doses of China's new crown vaccine to countries such as Asia, Africa and Latin America. (E-commerce News)

10. Southeast Asian e-commerce comprehensive service provider Lai Zanbao completed a round A financing of over 100 million yuan

On December 1, Southeast Asian e-commerce comprehensive service provider Laizanbao Group announced that it had completed a US$16 million Series A financing. This round of financing was led by Wuyuan Capital, followed by Yingdong Capital and old shareholders. With the previous two rounds of financing, Laizanbao's cumulative financing amount is nearly 200 million yuan. It is understood that Laizanbao was established in 2019 and its target is to be a one-stop e-commerce comprehensive service provider in the Southeast Asian market. Based on past experience and data accumulation in the e-commerce field and its own international warehouse distribution system, Laizanbao provides merchants who go overseas to Southeast Asia with full-chain services from supply chain product selection, logistics fulfillment, e-commerce operations to localized marketing. (E-commerce News)