#Laogao E-commerce Newsletter# [E-commerce Morning News on June 20]

Morning News: Alibaba ranked first in the top 500 Zhejiang Merchants National Top 2022; Douyin e-commerce: Shanghai consumers ranked first in the number of purchases during the 618 period; Pinduoduo 618 battle report: Home appliances, daily chemicals and beauty sales have doubled; sales of related gifts on Meituan takeaway increased by more than 5 times during Father's Day; FedEx announced that it would shorten the shipping time of goods in the Asia-Pacific region...

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E-commerce newsletter

1. Alibaba ranks first in the 2022 Zhejiang Businessmen’s Top 500 National List

According to June 20, the 2022 Zhejiang Businessmen’s Top 500 National List was officially released. Among them, Alibaba, China National Taiwan University and Rongsheng Holding Group ranked in the top three, and Alibaba ranked first again with revenue of 836.4 billion. In the e-commerce field, in addition to Alibaba, Pinduoduo and NetEase ranked 23rd and 24th with revenue of 93.9 billion and 87.6 billion respectively. From the perspective of express delivery companies, Santong and Yida are on the list, among which YTO Express ranks 52nd with revenue of 45.2 billion, Yunda Holdings ranks 56th with revenue of 41.7 billion, ZTO Express ranks 81st with revenue of 30.4 billion, and Shentong Express ranks 95th with revenue of 25.2 billion. In addition, Best Group ranked 153rd with revenue of 11.4 billion. (Yibang Power)

2. Pinduoduo 618 Battle Report: Home appliances, daily chemicals and beauty sales have doubled

According to reports on June 18, Pinduoduo released the battle report of the 618 home appliance industry this year. Data shows that since its launch on May 23, the sales volume of home appliance brands in all categories has increased by 103% year-on-year, doubled; the overall sales of daily chemicals have increased by 110% year-on-year, doubled, and the top 1 in Unileverde's category; the sales volume of all categories in all categories has increased by 122% year-on-year, and the top 1 in Perayadon's beauty products. The person in charge of the 618 promotion of Pinduoduo said: "During this year's 618 period, the enthusiasm and intensity of domestic and foreign home appliance brands participating in the platform promotion were unprecedented. The number of official flagship stores of the brand alone increased by 182% year-on-year, and the number of products also increased by 264% year-on-year." (E-commerce News)

3. During the 618 period, the transaction volume of JD New Department Store increased by 100% year-on-year.

According to reports on June 19, data released by JD.com showed that in the past 18 days, the transaction volume of JD.com's new department store's transaction volume increased by 100% year-on-year, the transaction volume of 9,707 brands increased by 100% year-on-year, and the transaction volume of omni-channel business increased by 83% year-on-year. It is worth noting that during JD.com 618, many new trend categories of JD.com New Department Store were on the hot list. Specifically, in the home category, the transaction volume of more than 60 home categories, including cold quilts, elderly-friendly toilets, and lifting tables, increased by more than 5 times year-on-year, among which smart mattresses, smart showers, smart disinfection toothbrush stands and other home smart trend categories increased by more than 6 times year-on-year. (E-commerce News)

4. Douyin e-commerce: Shanghai consumers ranked first in purchases during the 618 period

According to June 19, today, Douyin e-commerce released the "2022 Douyin 618 Good Things Festival". Judging from the purchasing power of various regions, the report shows that Shanghai consumers have shown strong purchasing power, ranking first in purchases, and consumers from Chongqing, Beijing, Chengdu and Guangzhou also rank among the top in the country. In addition, from the perspective of age distribution, the post-00s group has become the "new force" of 618 consumption, with purchases increasing by 164% year-on-year. The purchase volume of people born in the 1990s and 1980s also increased by 117% and 101% compared with the same period last year. (E-commerce News)

Internet news

5. Alibaba and Pinduoduo are the top three advertising revenue lists of Chinese Internet companies in Q1 2022

According to June 18, Morketing recently released the advertising revenue list of Chinese Internet companies in Q1 2022. Among them, Alibaba, Pinduoduo and Tencent ranked in the top three, with advertising revenue of 63.421 billion yuan, 18.158 billion yuan and 17.988 billion yuan respectively. In addition, JD.com, Kuaishou, Meituan, Xiaomi and others rank in the top ten. According to statistics, among the 17 listed companies, five Internet companies including Weibo, Pinduoduo, Baidu, Kuaishou and Alibaba account for more than 30%. Among them, compared with the first quarter of 2021, the proportion of advertising businesses of Weibo, Pinduoduo and Kuaishou has further increased, with Pinduoduo's advertising business increasing the highest proportion, up more than 10%. (E-commerce News)

6. Douyin e-commerce compass upgrade strategy and operation of two major products

On June 19th, Douyin E-commerce Compass recently announced that it has completed a new round of upgrades. After the upgrade, Douyin E-commerce Compass will operate two major products through Compass Strategy and Compass, combined with FACT+ all-region business methods, provide comprehensive digital services to brands and merchants to help merchants make business decisions. Among them, Compass Strategy can provide merchants with overall business and content planting strategies and predict consumption trends; Compass Strategy can help merchants achieve healthy business growth, provide them with intelligent diagnosis and strategy recommendations, achieve full-link business scenario diagnosis, and help merchants lead new business growth with data. (Yibang Power)

7. Sales of related gifts on Meituan Takeout increased by more than 5 times during Father's Day

According to the Beijing News on June 19, today, data provided by Meituan Takeout showed that during Father's Day, the sales of related gifts on Meituan Takeout increased by more than 5 times, and sales of tea gift boxes, electric toothbrushes, electric shaver and other categories grew rapidly, among which electric toothbrushes had the highest growth rate, reaching 292%. In addition, Meituan Takeaway User Survey data shows that post-80s and post-90s consider the practicality of gifts. For example, the post-80s generation likes to give massagers and tea gift boxes; the post-90s generation chooses more electric shavers, electric toothbrushes, men's perfumes, etc.; the post-00s generation likes to give creative gifts such as blind box toys, Father's Day certificates and medals. (E-commerce News)

8. Suning.com: The old-for-new orders increased by 172% year-on-year during the 618 period

According to the news on June 19, the "618 Scenario Consumption Big Data" released by Suning.com recently showed that during the 618 period, trade-in became the mainstream "low-carbon consumption" method of Suning.com stores, orders increased by 172% year-on-year, sales of new first-level energy-efficient air conditioners increased by 168% year-on-year, and sales of energy-saving water heaters increased by 154% year-on-year. Air conditioners, refrigerators, and TVs became the three favorite "renewal" categories for consumers. At the same time, there was strong demand for smart home products, with sales increasing by 108% year-on-year. Suning.com offline data shows that 618 sterilization air conditioner sales increased by 176% year-on-year, refrigerator sales increased by 120% year-on-year, and freezer sales increased by 115% year-on-year. (E-commerce News)

Cross-border information

9. FedEx announced shortening cargo transportation time in Asia-Pacific

According to June 20, FedEx recently announced that it will shorten the number of transportation days in six countries and regions from the original "2 to 4 days" to "1 to 3 days" for the transportation of LTL cargo in the Asia-Pacific region. It is reported that the new service is mainly aimed at a large number of small goods from Australia, Hong Kong, New Zealand, Singapore, South Korea, and Taiwan. By combining multiple goods from the same destination for unified management, efficiency is improved without charging customers an additional fee. By centralized management of multiple goods, FedEx can quickly complete customs clearance procedures, and at the same time manage the entire process from the place of shipment to the destination, thereby reducing the possibility of loss, damage and delays of goods. Customers can also track the shipping of each item. (Yibang Power)

10. eBay will launch the live shopping platform "eBay Live"

June 17th news, according to the PR News Agency, eBay recently announced the launch of eBay Live, a special shopping platform that provides people with a new way to browse and purchase products in a real-time interactive environment. Dawn Block, vice president of eBay collectibles, electronics and home, said eBay Live, currently in beta, will provide a streamlined, more fun and a complex way to connect, buy and sell for our community. (E-commerce News)