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#Laogao E-commerce Newsletter# [October 28 E-commerce Morning News]

2021-10-28

Morning news: News: ByteDance withdrew from Li Ziqi's contracted company Weinian; it is said that Alibaba launched the online catering platform "Tudoo food" overseas; the Yangtze River Delta Cross-border E-commerce Alliance was officially established; Singapore's fashion e-commerce Love Bonito completed a US$50 million Series C financing; the Ministry of Human Resources and Social Security released the 100 "most shortages" occupations in the country in the third quarter: couriers ranked fifth...



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1. It is said that Alibaba launched the online catering platform "Tudoo food" overseas


According to Tech Planet, Alibaba launched an online catering platform called "Tudoo Food" overseas, laying out overseas takeaway and food markets. It is reported that Tudoo Food can provide overseas catering merchants with solutions such as app construction, order transactions, etc. At present, the platform has launched apps such as "The Mill" and "Cawsburger", covering multiple catering industries such as pizza, coffee, and bars. (E-commerce News)


2. News says Xiaomi’s internal beta trendy toy community “kills things”


According to Tech Planet, Xiaomi recently tested an app called "Kowu". It is reported that "Kowu" is a trendy toy community, focusing on providing communication platforms for enthusiasts who love model toys. The name "Kowu" is because of the pinyin "ke+wu=ku (cool)". In the design of the bottom navigation bar, the knocking object is divided into 4 functional areas, namely "Discover (Homepage), "Toy Library", "Circle" and Personal Center. At present, the Kowu App is still in the testing stage and requires an invitation code to register and log in. (E-commerce News)


3. Meituan announced a new round of adjustments: establish a special group, led by Wang Xing


According to the report on October 28, according to LatePost, on October 27, Meituan announced a new round of adjustments. The most important change is that Meituan set up a special group to be responsible for the discussion and resolutions of retail-related businesses. Previously, at the strategic meeting in September, Wang Xing announced that he would upgrade Meituan's strategy from "Food+Platform" to "retail + technology", and for the first time brought retail and technology to a strategic height. (E-commerce News)


4. News says ByteDance withdrew from Liziqi's contracted company Weinian


According to October 17, yesterday, Weinian's shareholder ByteDance started the exit process. According to a person close to the transaction, ByteDance invested in Wei Nian mainly because it was optimistic about Li Ziqi. Now that Li Ziqi and Weinian are in a disagreement, ByteDance decided to withdraw from Weinian according to the investment agreement. It is reported that the cooperation between Li Ziqi and Weinian began in July 2017, and the two parties jointly invested 1 million yuan to establish Sichuan Ziqi Culture. Li Ziqi holds 49% of the shares and serves as the company's executive director and legal representative; Hangzhou Weinian holds 51% of the shares and the founder Liu Tongming serves as the company's supervisor. (E-commerce News)


Cross-border newsletter


5. Israel Post will import 15 million parcels from November to December


According to reports on October 27, recently, according to Israel Postal forecast, at least 15 million imported parcels will be shipped to Israel between November and December this year. According to reports, Israelis most often shop on e-commerce platforms such as iherb, next, Amazon, SHEIN, Aliexpress, Ebay and Asos. The most commonly purchased items include larger products such as household appliances, furniture, tableware, bedding, auto parts and carpets. (E-commerce News)


6. The Yangtze River Delta Cross-border E-commerce Alliance was officially established


According to October 27, the Yangtze River Delta Cross-border E-commerce Alliance led by Ningbo has been officially established recently. The alliance is initiated by Ningbo Cross-border E-commerce Association, and its components include cross-border e-commerce related cities such as Shaoxing, Jiangsu (Changzhou), Anhui (Bengbu), and more than 20 city-related organizations. It is reported that the alliance aims to integrate cross-border e-commerce resources such as cross-border e-commerce enterprises, industry organizations, colleges and universities in the Yangtze River Delta, and carry out in-depth cross-border e-commerce supply chain, legal and policy consultation, talent incubation, and financial services, and promote information communication, business cooperation, resource sharing, experience exchange and policy collaboration among cities of all parties. (E-commerce News)


7. Singapore fashion e-commerce Love Bonito completes US$50 million Series C financing


October 27th news, Singapore's fashion e-commerce company Love Bonito recently announced that it had received a US$50 million Series C financing, led by China Chunhua Capital Group. Founded in 2016, Love Bonito was originally a blog website that sells second-hand clothing, and now designs and manufactures products independently. It has Love Bonito fashion website and 16 physical stores. Currently, Love Bonito has operations in more than ten markets including Southeast Asia, East Asia, Australia and the United States. Love Bonito's annual sales in 2020 were SGD 31.4 million, down 2.3% from the previous year. It is reported that Love Bonito also plans to expand its clothing category, launch sportswear and accessories, and launch personalized shopping features and forums. (E-commerce News)


8. Cecomy's online business profit increased by nearly 65% ​​year-on-year in 2020


On October 27, Cecomy, a leading consumer electronics platform in Europe, recently released its 2020/2021 fiscal year report. The report shows that the company's total revenue in 2020 increased from 20.8 billion euros to 21.4 billion euros. It is reported that its online business accounts for more than 30% of its total profit, an increase of 64.9% over the previous year, reaching nearly 7 billion euros. It is understood that Ceconomy is the parent company of MediaMarkt and Saturn, a large European electronics retailer, and has added about 8 million new users in the past year. In addition to the two big companies, Ceconomy also operates more than 1,000 consumer electronics stores in twelve European countries including Germany, Austria, Switzerland, and there are great differences between the European markets. (E-commerce News)


Internet Information


9. Antarctic E-commerce revenue in the first three quarters was 2.775 billion yuan: Pinduoduo channel GMV growth exceeded 95%.


According to October 27, today, Antarctic E-Commerce released its 2021 third quarter report. The company achieved operating income of 2.775 billion yuan from January to September 2021, a year-on-year increase of 0.08%; net profit of 403 million yuan, a year-on-year decrease of 44.15%. In the third quarter alone, Antarctic E-commerce's net profit was 157 million yuan, a year-on-year decrease of 46.07%. Another key indicator disclosed in the third quarter report is the statistical GMV of various e-commerce channels. (E-commerce News)


10. The Ministry of Human Resources and Social Security released the 100 "most shortages" occupations in the country in the third quarter: couriers ranked fifth


On October 27, the Ministry of Human Resources and Social Security recently released the ranking of 100 job recruitment in the third quarter of 2021 that are greater than the "most shortage of jobs" in job hunting. It is reported that the top ten professions that are "most short of work" are marketers, restaurant waiters, commodity salesmen, security guards, couriers, housekeeping waiters, cleaners, marketing professionals, welders, and customer service administrators. Among them, couriers ranked fifth in the "most shortage of jobs" position in the third quarter of this year. Judging from the distribution of 100 occupations, the ranking of careers in life service such as "express delivery handlers", "online delivery personnel", and "logistics administrators" has increased significantly. (E-commerce News)



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