#Laogao E-commerce Newsletter# [March 1 E-commerce Morning Newsletter]

Morning News: Li Jiaqi brought 2.825 billion yuan in the first day of the 38th promotion; JD Beauty virtual anchor "Xiaomei" went online; the global e-commerce SaaS platform "Shop Xiaojian" received another US$100 million in the C round of financing; Zoom's fourth quarter revenue of US$1.07 billion in net profit increased by 88% year-on-year; eBay will provide protection to sellers affected by the Ukrainian situation...

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

E-commerce newsletter

1. Li Jiaqi sold 2.825 billion yuan on the first day of the 38th promotion

According to reports on February 28, it was reported that at 8:00 on February 27, the pre-sale event of Tmall 38 Queen's Day was launched. Li Jiaqi's live broadcast room exceeded 70 million people, with sales reaching 2.825 billion yuan, far exceeding the 790 million yuan sales created by Li Jiaqi and Weiya last year. It is understood that at 8 o'clock last night, the first S-level promotion after the start of the New Year in 2022 - Tmall 38 Queen's Day pre-sale event was officially launched. It is worth mentioning that the pre-sale period for Tmall 38 Queen's Day is from 8 pm on February 27 to 6 pm on March 4. (E-commerce News)

2. JD Beauty virtual anchor "Xiaomei" is online

On February 28, today, the climax of JD Beauty Super Category Day has begun. JD Beauty virtual anchor "Xiaomei" appeared in more than 20 beauty brands live broadcast rooms such as YSL, L'Oreal, OLAY, and Koyan, to open their live broadcast debut. It is reported that "Xiaomei" is constantly broadcasting online 24 hours a day, helping consumers discover beauty products anytime and anywhere, while also using professional beauty knowledge and explanation skills to answer questions and solve problems for consumers in the live broadcast room, creating an efficient and accurate shopping experience. According to reports, the virtual anchor "Xiaomei" created by JD Beauty is a third generation of "smart" simulated digital people. (E-commerce News)

3. In 2021, Jiangsu e-commerce express delivery will no longer be re-packaged.

It is reported that the Jiangsu Provincial Postal Administration has successively issued the "Implementation Plan for Industry Ecological Environment Protection in 2021", "Special Governance Work Plan for Over-packaging and Random Packaging of Mails and Express Parts in Jiangsu Province", and "2021 Jiangsu Provincial Postal Industry Green Outlet Construction Work Plan", promoting the simultaneous promotion of express delivery services and industry ecological work. (E-commerce News)

4. Global e-commerce SaaS platform "Shop Secret" received another US$100 million in Series C financing

According to reports on March 1, it is reported that eight months after completing the B+ round of financing, the global e-commerce SaaS platform "Shop Little Secret" has recently completed a US$100 million Series C financing. This round of financing will continue to increase the introduction of "shop secrets" talents, product research and development, service system upgrades and global market layout. According to the information, "Shop Little Secret" is a SaaS platform that provides one-stop e-commerce ecological services for global e-commerce sellers, linking the e-commerce platform, logistics and merchants. Currently, it has a series of products such as "Shop Little Secret ERP", "Saihu ERP", "BigSeller", "UpSeller", "Duoke", "17TRACK", and "Xiaomi Cloud Warehouse". (E-commerce News)

Internet news

5. WeChat releases "Top Ten Rumors of Moments in February"

On February 28, the WeChat Security Center released the "Top Ten Rumors of Moments in February". Specifically, these ten rumors are: personal QR code payments need to be paid for taxes, Shougang ski jump platform is a nuclear power station, Tencent will be "heavy hammered", WeChat sends good morning emoticons to charge fees, traveling abroad in many places, etc., private passport processing and re-issuance recovery, air fryer can cause cancer, "cheetah" is a referee system camera, eating fruit on an empty stomach can kill viruses and fight cancer, someone is arrested for swimming from Hong Kong to Shenzhen Bay, and people who do not return home in another place scan the code to apply for a subsidy of 4,000 yuan. (E-commerce News)

6. JD.com's acquisition of Dada is approved

According to March 1, the group recently disclosed progress: the transaction will be completed before the end of February 2022; Dada will issue a certain amount of Dada common shares to JD.com, and JD.com will use US$546 million in cash and several strategic resources as consideration. Taking into account the existing equity, JD.com will hold approximately 52% of Dada's issued and circulating shares, and is expected to incorporate Dada's financial results into its consolidated financial statements. Earlier in March 2021, JD.com announced that it plans to subscribe to Dada Group's newly issued common shares for US$800 million. (Retail circle)

Cross-border information

7. Jitu International launches the UAE small packet line

February 28th news, today, Jitu International UAE small bag dedicated line was officially launched. According to reports, J&T's own terminal service provides door-to-door delivery, which can track the goods throughout the process; supports COD activation, and reconciliation and payment reimbursement once a week. In terms of customs clearance services, commercial customs clearance, the customs clearance port of the destination country - DXB (Dubai), the UAE directly sent small packages do not accept goods with customs declaration value higher than USD264/ticket. If it is higher than USD264, the consignee's ID number and scanned copy are required to ship. It is reported that as of now, Jitu International small packet dedicated service has covered the entire Southeast Asia, East Asia, the Middle East and Europe and the United States, and the global E-mail Bao covers many countries. (E-commerce News)

8. Zoom's fourth quarter revenue was US$1.07 billion in net profit increased by 88% year-on-year

On March 1, video conferencing software developer Zoom announced the fourth quarter and full year of fiscal year 2022. According to the report, Zoom's total revenue in the fourth quarter was US$1.0714 billion, an increase of 21% compared with US$882.5 million in the same period last year; net profit was US$490.6 million, compared with US$260.6 million in the same period last year; net profit attributable to the company's common shareholders was US$490.5 million, an increase of 88% compared with US$260.4 million in the same period last year. (Sina)

9. American fresh food e-commerce "Weee!" completed a US$450 million E round financing

On March 1, the US "Weee!", headquartered in Fremont, California, completed a US$450 million E round. The leader's vision is Greyhound Capital, with a post-investment valuation of US$4.1 billion. With the new round of financing, Weee! has received more than US$800 million in financing. The new round of financing will be mainly used for regional expansion, growth of minority users, category expansion, and investment. In addition, SoftBank Advisors Managing Partner Lydia Jett will join Weee!'s board of directors. (36Kr)

10. eBay will provide protection to sellers affected by the Ukrainian situation

According to the news on February 28, it was announced that the current situation in Ukraine has affected all local activities. To this end, eBay recommends Greater China sellers to include Ukraine in Excluded Shipping Locations; at the same time, eBay will take measures to protect sellers affected by this incident.  

Among them, eBay will automatically protect the seller for merchants that meet the following conditions: 1. The product destination or location is Ukraine; 2. The product processing time (Handling by Date) or the estimated delivery time (Estimated Delivery Date) is between February 20 and March 20; The scope of protecting the seller includes delayed delivery rate and effective tracking information upload rate; "Item not received by item" dispute caused by delayed delivery, provided that the seller has uploaded the tracking information and received entity scanning information from the logistics carrier service provider before the buyer initiates the dispute; Bad transactions arising from the seller canceling the transaction. (Yibang Power)