#Laogao E-commerce Newsletter# [May 13 E-commerce Evening News Brief]

      Alibaba's cross-border export e-commerce platform Tmall and Taobao overseas announced strategic upgrades; New Fortune 500 Rich List: Zhong Shanshan became the richest man with a wealth value of over 500 billion yuan, Huang Zheng ranked second in Jack Ma; Dingdong Maicai established a "not-gink" e-commerce company in Wuhu; YTO second-hand idle items trading platform was officially launched; Kuaishou Grayscale tests the same-city group buying function into the local life service track...

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

E-commerce newsletter

1. Ministry of Commerce: The third "Double Product Online Shopping Festival" has a total retail sales of 692.8 billion yuan

      On May 13, Gao Feng, spokesman of the Ministry of Commerce, said at a press conference today that the third "Double Product Online Shopping Festival" ended on May 12. According to business big data monitoring, the 15-day "Double Product Online Shopping Festival" has driven nearly 700 billion yuan in national online retail sales. Data shows that the third "Double Product Online Shopping Festival" has driven the national online retail sales to 692.8 billion yuan, a year-on-year increase of 26.7%. (E-commerce News)

2. Kuaishou Grayscale Testing of the same-city group buying function enters the local life service track

      On May 13, Kuaishou is testing the same-city group buying function recently and officially enters the local life service field. Browsing the Kuaishou App found that at the top of its "Same City" page, a local catering service area has been added, accounting for about one-quarter of the entire page, and it is divided into three major sectors: special group buying, list recommendation, and super welfare. (Yibang Power News)

3. Hema X member rights will be reprinted on May 20, and some regions have entered the public announcement stage

      36Kr learned that the rights and interests of Hema X will be reprinted on May 20, and some regions have now entered the public announcement stage. The change in this upgrade is to increase the efforts to free shipping and give consumers more choices on exclusive coupons. According to official reports, Hema will make efforts in the 3R field including workshops, baking and fresh kitchens this year. A relevant person in charge of Hema said that members of X can get more discounts when purchasing semi-finished products, private brands, baking, flowers and other products. (36Kr)

4. The second-hand idle items trading platform of YTO is officially launched

      On May 13, YTO announced yesterday that YTO's second-hand idle items trading platform was officially launched to help outlets solve idle items that have nowhere to be placed. According to reports, merchants do not need to register a store, log in to the branch manager's PC to find the second-hand mall entrance to publish second-hand idle products. Buyers can find the second-hand mall entrance through the YTO Mall APP and purchase related "equipment", "IT" and "administrative logistics" products such as conveyor belts, handheld terminals, and face-sweeping guns. (Yibang Power)

5. Dingdong Maicai established a "not-grind" e-commerce company in Wuhu

      36Kr learned that Tianyancha App showed that on May 12, Wuhu Bujiangju E-Commerce Co., Ltd. was established, with the legal representative being Yu Le, with a registered capital of RMB 1 million, and its business scope includes information technology consulting services; primary processing of edible agricultural products; retail of edible agricultural products; sales of gift flowers; food management; catering services, etc. Shareholder information shows that the company is 100% owned by Dingdong Maicai's affiliated company Shanghai Yibaimi Network Technology Co., Ltd. (36Kr)

Internet news

6. Huolala: 23 new cities have been opened for long-distance truck business, and the third and fourth-tier downstream markets are laid out

      36Kr learned that recently, Huolala's long-distance truck business has opened 23 cities, and has laid out the third and fourth-tier underground markets. According to official reports, as of April, Huolala's long-distance truck business scope has covered 116 mainland cities, including all first- and second-level logistics nodes in China. So far, Huolala has completed the logistics network layout of its cross-city business. Huolala's long-distance truck business has been online for nearly two years, and the business has 530,000 certified drivers. (36Kr)

7. New Fortune 500 Rich List: Zhong Shanshan became the richest man with a wealth of over 500 billion yuan, Huang Zheng ranked second in the ranking of Jack Ma

      The 2021 New Fortune 500 Rich List was released. Nongfu Spring founder Zhong Shanshan became the richest man with a wealth of over 500 billion yuan. Pinduoduo founder Huang Zheng ranked second on the list over the "Two Horses", while Ma Huateng and Jack Ma ranked third and seventh respectively. Xiaomi's Lei Jun brought 6 "brothers" to the list and achieved Xiaomi Tiantuan on the list. (Sina Technology)

Cross-border newsletter

8. Lazada announces a number of favorable merchant policies to lower operating costs and reduce merchant costs

      On May 13, Lazada central warehouses and overseas warehouses have opened investment promotion a few days ago, and an incentive plan has been launched to conduct monthly assessments based on the national latitude. After the merchant reaches the goal, he can enjoy a monthly reduction of 50%-100% in-store operating fees. In addition, Lazada launched the Indonesian bonded warehouse, and the Indonesian bonded warehouse enjoys three benefits: no need to directly settle with the public US dollar accounts or platforms and unlock some electronics, home appliances, and clothing categories that merchants are concerned about. At the same time, for all merchants, Lazada significantly reduced the operating costs for the "central warehouse orders" generated on May 1, 2021, and changed the operating costs of the central warehouse parcel order to be charged in segments according to the weight of the four types of parcels, with a maximum reduction of 49%. (Yibang Power)

9. Wish: Total revenue in Q1 2021 was US$772 million, a year-on-year increase of 75%

      According to May 13, Wish released its first quarter financial report as of March 31, 2021. During the reporting period, Wish's total revenue reached US$772 million, a year-on-year increase of 75% from US$440 million in the same period of 2020; net loss was US$128 million, and net loss in the same period of 2020 was US$66 million; adjusted EBITDA loss was US$79 million, a year-on-year loss of US$51 million; gross profit was US$442 million, a year-on-year increase of 56%. The report shows that Wish's core market revenue in the first quarter was US$477 million, a year-on-year increase of 40%; paid promotion revenue was US$50 million, a year-on-year increase of 14%; logistics revenue was US$245 million, a year-on-year increase of 338%. (E-commerce News)

10. Alibaba's cross-border export e-commerce platform Tmall Taobao overseas announced strategic upgrade

      On May 13, today, Alibaba's cross-border export e-commerce platform Tmall and Taobao Overseas announced a strategic upgrade, fully opening up merchants' overseas channels, upgrading logistics, payment, operation, after-sales services, achieving zero threshold and one-click entry for merchants, significantly reducing operating costs, and more convenient cross-border logistics and payment. Ye Jianqiu, general manager of Tmall Taobao’s overseas business department, said that this year will help 100,000 new domestic merchants to accelerate their overseas travel. (Yibang Power Network)