#Laogao E-commerce Newsletter# [May 12 E-commerce Evening News Brief]

      Kuaishou will release its first quarter financial report for this year on May 24; eBay will allow the platform to conduct NFT transactions for "digital collectibles"; Bezos will sell another $1.7 billion Amazon stock to cash out about $6.7 billion this month; Kuaishou officially launched the "517 yuan to eat and have a good time" activity; report: During the May Day holiday, Meituan Group Purchase WeChat Mini Program net increase of 9.428 million per day...

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

E-commerce newsletter

1. Kuaishou will release its first quarter financial report for this year on May 24

      On May 12, Kuaishou recently issued an announcement stating that it will announce its unaudited consolidated results for the first quarter ended March 31, 2021 after the closing of the Hong Kong market on May 24, 2021. In addition, the company's management will hold a conference call at 8:00 pm Beijing time (8:00 AM Eastern Time) on Monday, May 24, 2021 to discuss performance. (E-commerce News)

2. Tianyan Check: In 2020, my country added nearly 140,000 e-commerce-related companies in agricultural and sideline products.

      According to reports on May 12, Tianyan Check data shows that there are currently more than 370,000 e-commerce-related enterprises in my country that are in business, in existence, moving in, and moving out, mainly distributed in wholesale and retail industries, accounting for more than 72%; nearly 60% of related enterprises have registered capital below 2 million. Tianyan Check shows that 56% of agricultural and sideline products e-commerce-related enterprises have registered within one year; in 2020, nearly 140,000 new agricultural and sideline products e-commerce-related enterprises have been added in my country, with an annual registration growth rate of 90%. In addition, in terms of regional distribution, Fujian Province has the largest number of agricultural and sideline products e-commerce-related enterprises, with nearly 70,000, accounting for 19% of the total number of related enterprises in the country. Shandong Province ranks second, with more than 50,000 related companies, accounting for nearly 15%. (Tianxia Online Business)

3. Data: Southeast Asian smartphone online sales increased by 72% year-on-year in Q1 2021

      According to the latest data from Counterpoint Research, in the first quarter of this year, the smartphone market in four major Southeast Asian countries such as Indonesia, the Philippines, Thailand, and Vietnam increased by 34% year-on-year to 27 million units. In particular, sales through online channels increased by 72% over the same period last year, accounting for 16% of the entire market. Among mobile phone manufacturers, OPPO's market share rose to 22% in the first quarter of this year, ranking first; Samsung Electronics' market share was 19%, ranking second; after OPPO and Samsung Electronics, Chinese brands such as vivo (16%), Xiaomi (13%), realme (11%) ranked third to fifth, and Apple ranked sixth with a 6% share. (E-commerce News)

4. Kuaishou officially launched the "517 yuan for food and fun" event

      On May 12, Kuaishou and more than ten catering brands officially launched the "517 One Yuan Food and Hi" event yesterday, covering major cities across the country such as Beijing, Shanghai, Guangzhou and Shenzhen, Chongqing, Chengdu, Hangzhou, Qingdao, Nanjing, Dongguan, Wuhan, Changchun, Cangzhou, Harbin, Shijiazhuang, etc. Kuaishou said that it will launch consumption benefits such as 1 yuan hot pot during the event; in addition to online consumption coupons, during the event, you can use Kuaishou to scan the QR code to enjoy hot pot, skewers, fried chicken, milk tea and other sets. (Webmaster's Home)

5. Report: During May Day, Meituan Group Purchase WeChat Mini Program net increase of 9.428 million per day

      On May 12, QuestMobile released the 2021 May Day holiday economic insight report. Data shows that during this year's May Day, travel services, tourism services and other industries ushered in major growth. Judging from the year-on-year growth in 2019, 2020 and 2021, the tourism business has returned to the normal growth range. The report also shows that the link between mini programs and daily life scenarios is deepening. During the May Day holiday, the number of users of WeChat mini programs in life services, tourism services, and travel services has increased significantly. Meituan Group Purchase, Tongcheng Travel, and Didi Travel is 9.428 million, 8.07 million, and 8.018 million, respectively, with an average daily DAU of 11.89 million, 13.89 million, and 18.247 million, respectively. (Tianxia Online Business)

Internet news

6. Yangjiang Postal Administration Bureau: During the May Day holiday, the city received more than 3.8 million express parcels.

      According to the May 12th news, data disclosed by Yangjiang Municipal Postal Administration showed that during this year's May Day Labor Day holiday (May 1 to 5th), Yangjiang City received more than 3.8 million express parcels, of which 2.0149 million express parcels were collected, an increase of 54.42% year-on-year; 1.7884 million express parcels were delivered, an increase of 12.19% year-on-year. According to reports, since the beginning of this year, Yangjiang City's postal and express delivery industry has continued to grow rapidly. In the first quarter, the four major economic indicators of the postal and express delivery industry have all increased to different levels compared with 2020. Among them, the largest increase is the total postal business volume and express delivery business volume, which increased by 52.52% and 118.11% respectively compared with the same period last year. (Daily Economic News)

Cross-border newsletter

7. "Airwallex Air Cloud Exchange" obtained an electronic currency institution license in the Netherlands

      On May 12, the financial technology company "Airwallex Air Cloud Exchange" announced that it had obtained an electronic monetary institution license (EMI license) issued by the Dutch Central Bank. The license was issued on April 30, 2021, allowing Airwallex to conduct business in the EU market. After obtaining an EMI license, Airwallex will provide customers in the European market with a range of end-to-end solutions, including a wider range of products and services such as exchange, card issuance and online payment. It is understood that Airwallex Air Cloud Hui was established in 2015 and currently has 12 offices and more than 650 employees around the world. Earlier this year, Airwallex Air Cloud Exchange completed a new financing of US$100 million. (Sina Technology)

8. Bezos sells another $1.7 billion Amazon stocks to cash out about $6.7 billion this month

      According to reports, the latest documents from the U.S. Securities and Exchange Commission (SEC) show that Amazon founder Jeff Bezos sold 521,936 shares of Amazon stock worth $1.7 billion under a pre-arranged trading plan. So far, Bezos sold 2 million Amazon shares through three transactions in May this year, with a total cash loss of approximately US$6.7 billion. Currently, Bezos still holds about 10% of Amazon shares. It is reported that Amazon went public in 1997, and in the following 15 years, Bezos sold about 1/5 of its shares for about $2 billion. In 2020, Bezos sold a total of $10 billion worth of Amazon stock. (Sina Technology) (China Radio and Television)

9. eBay will allow the platform to conduct NFT transactions on "digital collectibles"

      May 12th news, eBay reportedly said it will allow NFTs (non-fungible tokens) to sell digital collectibles on its platform, becoming the first e-commerce company to enter the NFT field. eBay said it will provide NFT inventory to sellers that meet eBay standards in the short term, and users are expected to see related projects, policies and tools for a wider range of NFT trading transactions. It is reported that in the next few months, eBay will add new features to introduce collectibles based on blockchain technology to the company's platform. (Yibang Power Network)

10. Amazon: Sites such as the United States and Japan will implement new "effective tracking rate" performance requirements

      May 12th news, today, "Amazon Global Store Opening" stated that from August 9, 2021, Amazon's US, Canada, the United Kingdom, Germany, France, Italy, Spain and Japan will implement new "effective tracking rate" performance requirements.

      Specifically, all sellers need to use logistics carriers connected to Amazon's delivery tracking; parcels with a total value and freight of less than $5 must use a traceable delivery method, and the carrier provides at least one physical scan; parcels with a total value and freight of more than $5 must use a full-track delivery method, and the delivery method should provide at least two scans, which must include a proper purchase scan or attempt to properly sell.

      At the same time, due to the different currency symbols of each country, the specific amounts of each site vary for the above 5 USD dividing point. Amazon US station is $5, Amazon Canadian station is C$6, Amazon UK station is £5, Amazon Germany, Italy and Spain station is €5, and Amazon Japan station is ¥1,000 (excluding consumption tax). (Yibang Power Network)