Morning news: Kuaishou E-commerce announced the store qualification management measures; Li Jiaqi donated nearly 30 tons of materials to elderly people living alone in Shanghai and medical staff; SF Holdings: Mingde Holdings pledged 44.5 million shares; Suning.com's second batch of delivery personnel aided Shanghai have arrived in Shanghai; Shandong Province's express business volume in the first quarter increased by 1.3 billion pieces year-on-year...
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E-commerce newsletter
1. Kuaishou E-commerce announces store qualification management measures
According to April 20, Kuaishou E-commerce recently released store qualification management measures, which are applicable to all corporate stores (including ordinary corporate stores, flagship stores, franchise stores, specialty stores, store flagship stores) and individual industrial and commercial households that settle in Kuaishou E-commerce. In terms of relevant requirements for entry qualifications, if the merchant’s qualifications are not updated within the deadline, the platform will remove the self-built products of the entire store from the expiration date until the merchant completes the relevant qualifications and passes the review, and then lift the store’s sales restrictions. If the merchant’s brand qualifications and industry qualifications are not updated within the deadline, from the expiration date, Kuaishou will first remove the relevant categories/brand products under the store until the merchant completes the relevant qualifications and passes the review, and then lift the sales restrictions on the relevant categories/brand products of the store. If the merchant’s main qualifications and industry licenses are abnormal, cancelled, revoked, etc., the platform will remove the products of the entire store. (Yibang Power)
2. Li Jiaqi donated nearly 30 tons of materials to elderly people living alone in Shanghai and medical staff.
According to reports on April 20, e-commerce anchor Li Jiaqi donated nearly 30 tons of materials to provide living security during the epidemic for groups such as elderly people living alone, front-line medical staff in the fight against the epidemic. It is understood that Li Jiaqi subscribed nearly 28 tons of "care bags" from the Shanghai Charity Foundation this time, providing foods such as egg noodles, pure milk, instant cereals, etc. for elderly people living alone. 14 people have not read (E-commerce newspaper)
3. Suning.com's second batch of delivery personnel aided to Shanghai have arrived in Shanghai
Today, after obtaining the pass, the second batch of personnel aided Shanghai immediately entered the delivery service of emergency daily necessities and home appliances. The reinforcements were the main distribution force in various places, including many pioneers in fighting the epidemic with experience in emergency delivery services. It is reported that on April 15, the first batch of reinforcements from Nanjing, Zhongshan, Nanning, Chengdu, Tianjin and other regions arrived. (E-commerce News)
4. 2022 JD Reading Report: Carbon Neutrality and Metaverse Books are Popular
On April 20, on the occasion of the 27th "World Reading Day", JD Consumer and Industrial Development Research Institute released the "2022 Reading Report". The report shows that "carbon neutrality" and "metauniverse" have become new faces in the top ten sales of economic books. Compared with the first quarter of 2021, the number of books purchased by young people in carbon neutrality related to books increased by 12 times year-on-year in the first quarter of 2022. People under the age of 25 and those aged 36-45 have the fastest growing enthusiasm for purchasing carbon neutrality data. In addition, East China is more concerned with carbon neutrality, while East China and South China are more concerned with the metaverse. (E-commerce News)
5. Most popular Chinese stocks closed down on Wednesday and fell by Pinduoduo
According to news on April 21, most popular Chinese stocks closed down on Wednesday. Among them, Mogujie fell by more than 8%, Dada Group fell by nearly 7%, Pinduoduo and BOSS Direct Recruitment fell by more than 6%, JD.com, Best Group, Xinyang, and Manbang fell by more than 5%, Alibaba and Ctrip fell by more than 3%, Vipshop, Dingdong Maicai, Miniso, and Yixian E-commerce fell by more than 2%, and Daily Youxian fell by 2%. At the same time, the new life of all things rose by more than 8%, the Monster Charging rose by more than 3%, and Youxin rose by nearly 3%.
Internet news
6. SF Holdings: Mingde Holdings pledged 44.5 million shares
According to April 20, tonight, SF Holdings issued an announcement stating that the company recently received a notice from its controlling shareholder Shenzhen Mingde Holdings Development Co., Ltd., informing that some of the shares of the company it holds were pledged, and 44.5 million shares were pledged this time, accounting for 1.65% of its shares. It is reported that from January to December 2021, SF Holdings' operating income composition was: Express logistics accounted for 98.31%, commercial sales accounted for 0.85%, and other industries accounted for 0.84%. (E-commerce News)
7. Shandong Province's express delivery business volume in the first quarter increased by 1.3 billion pieces year-on-year
According to the Shandong Postal Administration on April 20, in the first quarter, the business volume of express delivery service enterprises in Shandong Province reached 1300.0822 million pieces, a year-on-year increase of 11.12%; the business revenue reached 10.402 billion yuan, a year-on-year increase of 5.71%. Among them, the cumulative business volume of the same city was 119.1761 million pieces, a year-on-year decrease of 8.89%; the cumulative business volume of the off-site business volume reached 117.85708 million pieces, a year-on-year increase of 13.76%; the cumulative business volume of the international/Hong Kong, Macao and Taiwan was 2.3353 million pieces, a year-on-year decrease of 25.56%. In March, the business volume of express delivery service enterprises in the province reached 423.8242 million pieces, a year-on-year decrease of 6.58%; business revenue reached 3.107 billion yuan, a year-on-year decrease of 13.08%. (E-commerce News)
8. Fujian Province's express delivery service enterprises completed 860 million pieces in the first quarter
According to the Fujian Provincial Postal Administration, in the first quarter, the business revenue of the postal industry in Fujian Province reached 10.619 billion yuan, a year-on-year increase of 5.84%; the total business volume reached 11.267 billion yuan, a year-on-year increase of 6.19%. Among them, in the first quarter, the business volume of express delivery service enterprises in Fujian Province reached 860 million pieces, a year-on-year decrease of 4.70%; business revenue reached 7.80 billion yuan, a year-on-year decrease of 3.17%. Among them, the same-city business volume reached 95 million pieces, an increase of 8.08% year-on-year; the off-site business volume reached 742 million pieces, a decrease of 5.97% year-on-year; the international/Hong Kong, Macao and Taiwan business volume reached 23 million pieces, a decrease of 9.18% year-on-year.
Cross-border information
9. Canadian e-commerce platform Shopify is reportedly negotiating the acquisition of technology startup Deliverr
According to reports, Canadian e-commerce company Shopify is in talks to acquire technology startup Deliverr, a move that will help the company expand its logistics services business, according to people familiar with the matter. Deliverr is headquartered in San Francisco. The deal could value Deliverr over $2 billion, the person said. People familiar with the matter also said that no final decision has been made yet and negotiations may also break down. According to Deliverr's official website, the company helps Amazon, EBay and other online merchants deliver products to consumers in two days or less. (E-commerce News)
10. Piper Sandler maintains Shopify's "overweight" rating target price to $800
On April 20, Piper Sandler analyst Brent Bracelin lowered Shopify's target price from $900 to $800 and maintained the stock's "overweight" rating. The analyst currently estimates that Shopify's GMV in the first quarter of 2022 could drop to $45.4 billion, a 16% month-on-month decline compared to the previous quarter. Meanwhile, he expects the company's GMV growth rate to slow to 25% in 2022, while the company's GMV growth rate was 47% and 96% in 2021 and 2020, respectively. But on the other hand, Shopify is still one of the companies with the highest quality franchise in the field of e-commerce software development. (E-commerce News)
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