#Laogao E-commerce Newsletter# [May 14 E-commerce Morning Newsletter]

      Taobao Live's GMV in fiscal year 2021 exceeded 500 billion yuan; JD Logistics' Q1 revenue was 22.4 billion yuan, a year-on-year increase of 64.1%; B Station's e-commerce and other business revenue in the first quarter was approximately 520 million yuan, a year-on-year increase of 230%; Lazada central warehouse and overseas warehouse fully opened investment; AliExpress will adjust the fee of "overstop delivery and return services"...

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

E-commerce newsletter

1. Taobao Live's GMV in fiscal year 2021 exceeds 500 billion yuan

      According to May 13, in the quarter ended March 31, 2021, Alibaba's overall online physical GMV increased by 33% year-on-year; as small and medium-sized enterprises recovered from the impact of the epidemic, Taobao's online physical GMV increased by accelerating year-on-year. Merchants interact with consumers through Taobao live broadcasts, short videos, graphics and interactive games. Among them, Taobao Live's GMV in fiscal year 2021 exceeds RMB 500 billion. (E-commerce News)

2. JD Logistics' Q1 revenue was 22.4 billion yuan, a year-on-year increase of 64.1%.

      On May 13, JD Logistics disclosed revenue data for the first quarter of 2021, with revenue in the first quarter of 22.4 billion yuan, a year-on-year increase of 64.1%, and the growth rate continued to expand. Data shows that in 2018, 2019 and 2020, JD Logistics' revenue was RMB 37.9 billion, 49.8 billion and 73.4 billion, respectively, of which 2019 increased by 31.6% year-on-year and 47.2% year-on-year. During Q1 2021, JD Logistics' revenue was RMB 22.4 billion, a year-on-year increase of 64.1%, continuing to be in a state of rapid growth. (E-commerce News)

3. Cainiao Global Parcel Network has an average daily parcel volume of more than 5 million pieces in March.

      According to May 13, cross-border trade has grown against the trend by relying on digital business platforms, cloud computing and logistics backbone networks. Merchants operating on AliExpress and Tmall International use Cainiao’s services to improve the timeliness of fulfillment and save logistics costs. In March 2021, the average daily parcel volume of Cainiao’s global parcel network exceeded 5 million pieces. (E-commerce News)

4. In the first quarter, the e-commerce and other business revenue of B station increased by 230% year-on-year.

      According to May 13, Bilibili released its first quarter financial report for 2021. According to the financial report, Bilibili's revenue in the first quarter was 3.901 billion yuan, a year-on-year increase of 68%, and the market expected a net loss of 3.781 billion yuan; the adjusted net loss was 665.8 million yuan, a loss of 474.6 million yuan in the same period last year, and the market expected a loss of 757 million yuan. In the first quarter, B station's revenue from e-commerce and other businesses was RMB 519.2 million, an increase of 230% over the same period in 2020, mainly due to the increase in products sold through the company's e-commerce platform. In terms of user data, the average monthly active users in the first quarter reached 223 million, compared with 172 million in the same period last year; the mobile monthly active users reached 208 million, compared with 156 million in the same period last year. (E-commerce News)

Cross-border newsletter

5. Lazada central warehouse and overseas warehouse are fully open for investment

      On May 13, Lazada recently announced that Lazada central warehouses and overseas warehouses will be fully open for investment, and a warehouse delivery service incentive plan will be provided to all merchants, which will take effect from June 1. Specifically, Lazada's warehouse delivery service incentive plan for overseas warehouses and central warehouses has launched a free-of-warehouse operation fee activity, and monthly assessments are conducted at the national latitude. After the merchant reaches the goal, he can enjoy a monthly reduction of 50%-100% in-store operating fees. (E-commerce News)

6. DoorDash's revenue in the first quarter was US$1.08 billion, higher than expected

      "US version of Ele.me" DoorDash had revenue of US$1.08 billion in the first quarter, and analysts expected US$995.7 million. Adjusted EBITDA in the first quarter was $43 million, while analysts expected $34.5 million. In the first quarter, there were 329 million orders, and analysts expected 303.8 million. The adjusted EBITDA is expected to be $0-100 million in the second quarter, and analysts expect $0.267 million. The adjusted EBITDA is expected to be between US$0-300 million for the whole year, and the company previously estimated to be between US$0-200 million. (Cailianshe)

7. AliExpress will adjust the fee of "Using overseas delivery and return services"

      According to Hugo.com, AliExpress recently announced that "the overseas delivery and return service cannot be delivered and returned" will be adjusted from May 15, 2021, Beijing time, and the fee will be reduced from 1.19 yuan/order to 0.88 yuan/order.

      At the same time, a newly created logistics order at 0:00 on May 15, 2021, Beijing time, selected the overseas undelivered return service, and the return promised delivery time was restored to 180 days (except Brazil) and 220 days (Brazil). AliExpress also stated that Cainiao will continue to work hard to improve the experience of overseas return services, so please stay tuned.

      AliExpress’s “Service Instructions for Unable to Deliver and Return from Overseas” shows that only the following online shipping lines support online undeliver and return services: AliExpress Worry-free Logistics-Standard; AliExpress Worry-free Logistics-Priority; Cainiao Large Package Line; 4PX New Mail Registration Package. Moreover, when providing return services, corresponding import taxes may be generated for high-value products, such as the corresponding import taxes generated, and the seller needs to be charged. (E-commerce News)

8. Wish's total revenue in the first quarter was US$772 million, up 75% year-on-year

      According to May 13, Wish released its first quarter 2021 financial report on Wednesday. As of March 31, 2021, Wish's total revenue in the first quarter 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, compared with US$66 million in the same period of 2020; adjusted EBITDA loss was US$79 million, compared with US$51 million in the same period of 2020; gross profit was US$442 million, a year-on-year increase of 56%. (E-commerce News)

Internet news

9. Ctrip Group: Price stabilization action and price stabilization period have ended

On May 13, Ctrip Group announced that the stable price period related to the global offering ended on May 13, 2021, that is, the 30th day after the deadline for submitting an application under the Hong Kong public offering. It is understood that as of today's Hong Kong stock market close, Ctrip Group fell 3.17% to HK$280.8, with a total market value of HK$178.998 billion. (E-commerce News)

10. Tuniu responded to being removed from the Ministry of Industry and Information Technology: a sincere apology is being carried out for rectification and repair

      On May 14, the Ministry of Industry and Information Technology announced that 90 apps that infringe on user rights have been removed. Among them, five companies, Tianya Community, Damai, Tuniu Travel, VIP Practice, and Maimai, have repeatedly experienced similar problems in different versions of the app. Their violations will be suspended in accordance with the law and will be directly removed from the shelves.

      According to Blue Whale TMT, Tuniu Tourism responded that it had paid attention to the latest information reported by the Information and Communications Administration of the Ministry of Industry and Information Technology, and sincerely apologized for the poor user experience caused by related issues. It attached great importance to the relevant issues involved in the notice and was rectifying and repairing the corresponding issues. (Yibang Power)