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#Laogao E-commerce Newsletter# [E-commerce Evening News on March 19]

2021-03-19

#Laogao E-commerce News# [E-commerce Evening News on March 19] Evening News: Nike Group's Q3 performance in fiscal year 2021: NIKE brand digital sales increased by 59%; "Taobao collapsed" became a hot search official response "Friday was discovered"; Perfect Diary's parent company Yixian E-commerce registered capital increased to about US$510 million; Alibaba International Station: The number of live broadcast orders in the first week of March New Trade Festival increased by 2801%.



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1. The business volume of express delivery service companies in Zhejiang increased by 129.1% year-on-year from January to February


      According to reports on March 19, data released by the Zhejiang Provincial Postal Administration showed that from January to February, the total business volume of express service enterprises in Zhejiang Province reached 2712.401 million pieces, a year-on-year increase of 129.1%; the cumulative business revenue reached 15.95 billion yuan, a year-on-year increase of 72.3%. Among them, the cumulative business volume of the same city was 244.574 million, a year-on-year increase of 50.4%; the cumulative business volume of the off-site business volume reached 238.1491 million, a year-on-year increase of 139.4%; the cumulative business volume of the international/Hong Kong, Macao and Taiwan was 86.336 million, a year-on-year increase of 223.9%. (E-commerce News)


2. Nike Group's Q3 performance in fiscal year 2021: NIKE brand digital sales growth 59%


      According to reports on March 19, Nike announced its revenue results for the third quarter of fiscal year 2021 (December 1, 2020-February 28, 2021). Data shows that Nike Group's revenue in the quarter was US$10.4 billion, a year-on-year increase of 3%, and a adjusted exchange rate decline of 1%; net profit was US$1.4 billion, an increase of 71%. Among them, Nike's direct sales business sales were US$4 billion, a year-on-year increase of 20%; Nike's brand digital sales increased by 59%. Gross profit margin was 45.6%, and sales and administrative expenses fell 7% to $3 billion. It is worth noting that during the reporting period, Nike Greater China's revenue was US$2.279 billion, a year-on-year increase of 51%; it exceeded US$2 billion for two consecutive quarters, and digital sales increased by 44% year-on-year. (Europe)


3. Li Ning's 2020 financial report: E-commerce channel sales account for 28% of the company's total revenue


      On March 19, domestic sports brand Li Ning released its 2020 results. Data shows that Li Ning's revenue in 2020 reached 14.457 billion yuan, an increase of 4.2% over the same period in 2019. It is worth noting that the performance of e-commerce in 2020 drove Li Ning's overall performance growth. At present, sales from e-commerce channels account for 28% of the company's overall revenue. In addition, in the fourth quarter ended December 31, 2020, same-store sales on the entire platform recorded a low-level growth of 10%-20% year-on-year. In terms of channels, the e-commerce virtual store business recorded a low-level growth of 30%-40% year-on-year. (Yibang Power)


4. "Taobao collapsed" has become a hot search official response "Friday fishing was discovered"


      According to March 19, today, "Taobao collapsed" has been on the hot search list on Sina Weibo, causing heated discussions among netizens. Some netizens said that Taobao pages cannot be displayed or refreshed, which affects normal use. Some netizens said they thought it was their own network failure. In response, the official account of Taobao Weibo responded: "You found out when you touched a fish on Friday?" Some netizens left a message in the comment area and joked: "I thought the boss was afraid that I would block Taobao." It is understood that the Taobao APP has now resumed normal operation. (Yibang Power)


5. JD Cloud and JD Logistics and others jointly create the "JD Cold Chain Traceability Platform"


      On March 19, JD Cloud recently built a "JD Cold Chain Traceability Platform" based on its own anti-counterfeiting traceability technology, jointly established by JD Logistics and JD Fresh. The platform now covers all categories of fresh food, including fresh fruits and vegetables, meat and poultry, seafood, etc., serving nearly 300 merchants a