#Laogao E-commerce Newsletter# [February 1 E-commerce Morning News]

Morning information:

1. Baozun completed the acquisition of Gap Shanghai and announced the appointment of senior management in Gap Greater China;

2. The 2023 Huzhou Online New Year’s Goods Festival achieved online sales of 250 million yuan;

3. Shanghai Yang Wharf was restricted from being eliminated due to a 3.34 million-dollar case;

4. Wuxi has added a new provincial public overseas warehouse;

5. Amazon India announces exemption from the 50% recommendation fee for newly registered sellers...

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

E-commerce newsletter

1. New trend of fresh food consumption in JD New Year Festival: Shrimp transaction volume increased by 45% year-on-year

On January 31, JD Supermarket recently released the "2023 Spring Festival Consumption Big Data Report" pointed out that many new consumption trends have emerged during the Spring Festival, among which the growth rate of fresh ingredients and other meats for cooking during the Chinese New Year is the most obvious. The transaction volume of shrimp increased by 45% year-on-year, and shrimp became the new favorite of the "carnivorous family". JD data also shows that the transaction volume of agricultural products used to make gourmet meals such as Gutian edible fungi increased by more than twice year-on-year, the transaction volume of Dalian sea cucumber increased by more than 50% year-on-year, and the transaction volume of Ningde yellow croaker increased by more than 50% year-on-year, becoming the top three in the growth rate of agricultural specialty transaction volume in the industrial belt. (China Radio and Television)

2. 2023 Huzhou Online New Year’s Festival achieved online sales of 250 million yuan

According to the news on February 1, in accordance with the notice of the Ministry of Commerce on the launch of the "2023 National Online New Year's Festival" activity and the requirements of the Provincial Department of Commerce on the launch of the "Zhejiang New Year's Goods Sharing New Year - 2023 Zhejiang Online New Year's Festival", Huzhou City has actively carried out the 2023 Huzhou Online New Year's Festival in conjunction with the "New Digital Life Service" action.

During the New Year’s Festival, the city mobilized more than 3,850 enterprises and 15 local e-commerce platforms, invited more than 150 well-known Internet celebrity anchors to participate in the event, held more than 300 concentrated activities, and achieved a total of 250 million yuan in online sales. It is reported that during the New Year’s Festival, various rich activities are carried out in a way that integrates online and offline.

Among them, the official Douyin account of the "2023 Huzhou Online New Year's Goods Festival" held a special live broadcast from January 1 to 7, and started a 5-hour uninterrupted live broadcast of goods starting from 13:00 every day, with live sales reaching 10.153 million yuan. (People's Daily)

3. JD Supermarket 2023 Spring Festival Alcohol Consumption Report: Consumers prefer two bottles of wine gift boxes

According to the report on January 31, according to the sales data and user questionnaire of the 2023 New Year's Goods Festival, JD Supermarket released the "2023 Spring Festival Alcohol Consumption Report", which shows that alcohol consumption has three different trends: alcohol gift boxes consumption, consumers prefer two bottles; the public believes that northerners have greater alcohol use, but southerners are more enthusiastic about buying alcohol; the 40-year-old group has stronger consumption capacity and willingness, and the 26-35-year-old group buys the most. (Snowball)

4. Baozun completes the acquisition of Gap Shanghai and announces the appointment of senior management in Gap Greater China

On February 1, Baozun E-commerce Co., Ltd., a Chinese brand e-commerce solution service provider and digital business enabler, announced today that it has completed the acquisition of Gap Commercial Co., Ltd. This acquisition has been approved by the State Administration for Market Regulation for antitrust review and review of operator concentrations. With the completion of the acquisition of "Gap Shanghai", Baozun will be fully responsible for operating Gap's businesses in mainland China, Hong Kong and Macau from February 1, 2023. At the same time, Xiao Yong, the head of Baozun brand management and operation, who is leading the preparation for the integration, was appointed CEO of Gap Greater China. (Baozun E-commerce)

Internet news

5. Cloud Flash Payment APP launches the "Enterprise Information Query" service

On February 1, China UnionPay announced that the Cloud Flash Payment APP will launch the "Enterprise Information Query" service, supporting one-stop enterprise public information inquiry, covering multi-dimensional panoramic information such as enterprise basic information, business information, intellectual property rights, judicial information, negative risks, etc. The public information is checked and used without the authorization of the subject, and is open to all users of Cloud Flash Payment to help users quickly grasp the overall situation of the enterprise. "Enterprise Information Query" comes from Shanghai Credit Information Co., Ltd. Shanghai Credit Credit Information was established in 2002. It is an independent third-party credit reporting agency with enterprise credit reporting business registration, providing professional and safe credit reporting products and services in compliance. (China UnionPay)

6. Wuxi adds a provincial public overseas warehouse

On January 31, in the 2022 provincial public overseas warehouse certification, Wuxi Jinmao Foreign Trade Co., Ltd.'s Dallas overseas warehouse was successfully rated. At present, Wuxi has 8 provincial public overseas warehouses, ranking first in the province in total. It is understood that Wuxi Jinmao’s provincial public overseas warehouse is located in Dallas, Texas, USA. It is an information and automated logistics warehouse with an area of ​​15,000 square meters. In addition to serving Wuxi Jinmao, the overseas warehouse also provides storage, packaging, distribution and other services to many export companies in Nanjing, Changzhou, Zhenjiang and other cities. (Wuxi Business)

7. Shanghai Yang Wharf is restricted from disposal due to 3.34 million cases

According to the news on January 31, Tianyancha App showed that recently, Shanghai Yangwai Network Technology Co., Ltd. and legal representative Zeng Bibo added a new consumption restriction order. The applicant is Shanghai Zhiqu Advertising Co., Ltd., which involves advertising contract disputes. The progress of the case procedure shows that on January 9, the company and Zeng Bibo had been forced to enforce more than 3.34 million yuan in response to the case. Shanghai Yangwo Wai Network Technology Co., Ltd. was established in August 2009 with a registered capital of RMB 5.8 million and is wholly owned by Yangwo Wai (Chongqing) International Technology Co., Ltd. In addition, the company has also involved many legal lawsuits, most of which are advertising contract disputes and online shopping contract disputes. (Tianyan Check)

Cross-border newsletter

8. News says Shein is negotiating to raise £3 billion in financing to reduce its valuation to $64 billion

According to reports on January 31, Chinese fast fashion giant Shein is reportedly negotiating to raise up to £3 billion in funds, which will significantly reduce the group's valuation from $100 billion to $64 billion. Two years ago, Shein's valuation was only $15 billion. Since obtaining a $100 billion valuation, venture capitalists have controlled spending and interest in IPOs has also declined. Despite this, according to media reports, Shein is still expected to conduct an IPO in its largest market in the United States as early as this year. (theindustry)

9. Amazon India announces exemption of 50% recommendation fee from newly registered sellers

January 31 News: To help new sellers start their e-commerce journey in 2023, Amazon India announced on January 31, 2023, Bangalore time that sellers will be eligible to waive a 50% referral fee after registering as a seller on Amazon.in between January 15, 2023 and April 14, 2023. The term is 60 days from the date of registration or until the seller accumulates a waiver amount of up to INR 10,000. According to reports, the referral fee is the fee paid by sellers to Amazon to promote sales in the online marketplace. By waived a 50% introduction fee, Amazon aims to inspire new sellers to use e-commerce. (Amazon Seller Forum)

10. Shopee expands investment in Malaysia and plans to build a new e-commerce logistics center

According to media reports, Singapore's Internet giant Sea promised to expand its investment in Malaysia through its e-commerce platform Shopee, a move that will bring more than 2,000 jobs to the local area. Sea said, “The cloud computing project is located in a three-story green facility in Kulai, Johor, with 24 data hall suites, machinery and engineering rooms, office space, as well as storage and parking facilities, with the goal of completing in the first quarter of 2024.” In addition, the company noted that Shopee will expand its footprint in Malaysia through a new large warehouse in Bukit Raja, Klang. The warehouse will become one of the largest logistics warehouses in Malaysia. (thestar)