A team led by Nikolaos Panigirtzoglou, a global market strategist at JPMorgan Chase, pointed out in a recent report that so far this year, retail investors have invested approximately US$485 billion in U.S. equity funds, and since mid-May, retail investors’ investment momentum in individual stocks and options has regained momentum. accelerate.

At the end of 2020, JP Morgan Chase estimated that retail investors will inject 500 billion U.S. dollars into the U.S. stock market throughout 2021. However, the Panigirtzoglou report recently stated that if the current purchase rate continues, the number may soar to $1 trillion.

However, the headwinds of US stocks are coming quietly, and the US stocks adjustment may be underway.

After the Fed released the “hawk” signal last week, the Dow Jones Index recorded its biggest weekly decline since October 2020. Moody’s chief economist Mark Zandi recently warned that the Fed’s “eagle” will trigger a 10% to 20% correction in US stocks.

The Federal Reserve issued an interest rate resolution last week, still deciding to keep the policy interest rate near zero and the scale of QE bond purchases unchanged, but it raised the two major managed interest rates. In addition, the interest rate dot chart released by the Federal Reserve suggests that as the economy recovers rapidly from the impact of the new crown epidemic and inflation rises, officials are expected to raise interest rates twice before the end of 2023, much earlier than expected in March.

Zandi hinted that in this context, the US stock market adjustment may already be in progress, because investors have begun to panic.

The Dow Jones index just set its biggest weekly decline since October 2020, down 3.45%. The S&P 500 index last week was the worst since the end of February, and the Nasdaq index, which is dominated by technology stocks, also fell last week.

Unlike the sharp decline in US stocks in the past few years, Zandi does not expect the stock market to recover quickly this time because market valuations are already very high. He expects it may take a year to resume the original rally. Although Zandi issued a warning to the market, he believes that the economy will avoid a recession because this recession is mainly due to risks caused by excessive asset prices, rather than serious fundamental problems. Zandi has been warning of inflation for months. At the beginning of March, Zandi asserted that inflation would be “far ahead”, and investors did not recognize and fully grasp the risks. Zandi said that inflation is still an issue affecting stock market and bond investors. Zandi believes that it is unlikely that the benchmark 10-year U.S. Treasury yield will continue to fall:

“Considering the current situation, I would not expect the yield to remain at 1.5% in the long term.”

Stocks and bonds are not the only risky assets that attract Zendi’s attention. Zandi also believes that the sell-off of commodities and cryptocurrencies is brewing more trouble. In addition, in the case of rising mortgage interest rates, he is worried about the sustainability of the booming real estate market. Coincidentally, Micheal Burry, the prototype of “Big Short” and a well-known hedge fund manager, also issued a warning to Bitcoin a few days ago, saying that retail investors who buy “group stocks” and cryptocurrencies are about to usher in devastating losses. In addition to holding stocks, Burry also issued a warning to cryptocurrency enthusiasts to borrow money to buy their favorite currency unscrupulously. He wrote on Twitter:

“Like most things, the problem with cryptocurrency is leverage. If you don’t know how much leverage there is in cryptocurrency, then you don’t know anything about cryptocurrency.”

According to CoinDesk data, after Bitcoin broke through $63,000 and hit a record high in mid-April this year, it has fallen by more than 40% so far. Ethereum has also fallen sharply after its surge, starting from the record high set in May. It has fallen by more than 45%. The Federal Reserve’s interest rate decision has caused turmoil in US stocks, and the sell-off of commodities and cryptocurrencies is brewing more trouble. We return to the beginning of the message and cannot help asking, will the momentum of retail investment throughout 2021 continue? New York Stock Exchange (NYSE) President Stacey Cunningham recently stated that the price of meme stocks (referring to stocks that retail investors are keen to buy on social media) may be distorted because most of these stocks are traded outside the US public exchange. Place. Cunningham said that the price formation of meme stock does not truly reflect the relationship between supply and demand. Morgan Stanley CEO James Gorman also said that meme stock has brought some benefits because this trend has attracted younger investors to enter the market, but warned that the dramatic rise in stocks such as AMC and Gamestop could be the “cause of disaster.” Gorman believes that the huge returns that some meme stocks have received in a short period of time are not healthy, and these gains are “to some extent the root of the disaster.”

A team led by Nikolaos Panigirtzoglou, a global market strategist at JPMorgan Chase, pointed out in a recent report that so far this year, retail investors have invested approximately US$485 billion in U.S. equity funds, and since mid-May, retail investors’ investment momentum in individual stocks and options has regained momentum. accelerate.

At the end of 2020, JP Morgan Chase estimated that retail investors will inject 500 billion U.S. dollars into the U.S. stock market throughout 2021. However, the Panigirtzoglou report recently stated that if the current purchase rate continues, the number may soar to $1 trillion.

However, the headwinds of US stocks are coming quietly, and the US stocks adjustment may be underway.

After the Fed released the “hawk” signal last week, the Dow Jones Index recorded its biggest weekly decline since October 2020. Moody’s chief economist Mark Zandi recently warned that the Fed’s “eagle” will trigger a 10% to 20% correction in US stocks.

The Federal Reserve issued an interest rate resolution last week, still deciding to keep the policy interest rate near zero and the scale of QE bond purchases unchanged, but it raised the two major managed interest rates. In addition, the interest rate dot chart released by the Federal Reserve suggests that as the economy recovers rapidly from the impact of the new crown epidemic and inflation rises, officials are expected to raise interest rates twice before the end of 2023, much earlier than expected in March.

Zandi hinted that in this context, the US stock market adjustment may already be in progress, because investors have begun to panic.

The Dow Jones index just set its biggest weekly decline since October 2020, down 3.45%. The S&P 500 index last week was the worst since the end of February, and the Nasdaq index, which is dominated by technology stocks, also fell last week.

Unlike the sharp decline in US stocks in the past few years, Zandi does not expect the stock market to recover quickly this time because market valuations are already very high. He expects it may take a year to resume the original rally. Although Zandi issued a warning to the market, he believes that the economy will avoid a recession because this recession is mainly due to risks caused by excessive asset prices, rather than serious fundamental problems. Zandi has been warning of inflation for months. At the beginning of March, Zandi asserted that inflation would be “far ahead”, and investors did not recognize and fully grasp the risks. Zandi said that inflation is still an issue affecting stock market and bond investors. Zandi believes that it is unlikely that the benchmark 10-year U.S. Treasury yield will continue to fall:

“Considering the current situation, I would not expect the yield to remain at 1.5% in the long term.”

Stocks and bonds are not the only risky assets that attract Zendi’s attention. Zandi also believes that the sell-off of commodities and cryptocurrencies is brewing more trouble. In addition, in the case of rising mortgage interest rates, he is worried about the sustainability of the booming real estate market. Coincidentally, Micheal Burry, the prototype of “Big Short” and a well-known hedge fund manager, also issued a warning to Bitcoin a few days ago, saying that retail investors who buy “group stocks” and cryptocurrencies are about to usher in devastating losses. In addition to holding stocks, Burry also issued a warning to cryptocurrency enthusiasts to borrow money to buy their favorite currency unscrupulously. He wrote on Twitter:

“Like most things, the problem with cryptocurrency is leverage. If you don’t know how much leverage there is in cryptocurrency, then you don’t know anything about cryptocurrency.”

According to CoinDesk data, after Bitcoin broke through $63,000 and hit a record high in mid-April this year, it has fallen by more than 40% so far. Ethereum has also fallen sharply after its surge, starting from the record high set in May. It has fallen by more than 45%. The Federal Reserve’s interest rate decision has caused turmoil in US stocks, and the sell-off of commodities and cryptocurrencies is brewing more trouble. We return to the beginning of the message and cannot help asking, will the momentum of retail investment throughout 2021 continue? New York Stock Exchange (NYSE) President Stacey Cunningham recently stated that the price of meme stocks (referring to stocks that retail investors are keen to buy on social media) may be distorted because most of these stocks are traded outside the US public exchange. Place. Cunningham said that the price formation of meme stock does not truly reflect the relationship between supply and demand. Morgan Stanley CEO James Gorman also said that meme stock has brought some benefits because this trend has attracted younger investors to enter the market, but warned that the dramatic rise in stocks such as AMC and Gamestop could be the “cause of disaster.” Gorman believes that the huge returns that some meme stocks have received in a short period of time are not healthy, and these gains are “to some extent the root of the disaster.”

retail trade Constant dispute about the closing time

Status: 21.06.2021 5:43 p.m.

25 years ago, the Bundestag approved longer shop opening times. But to what extent do more flexible rules benefit retail – and what price do employees pay? The debate continues.

From Jens Eberl, WDR

When Berliners want to go shopping in Bavaria, they might find themselves in front of closed doors every now and then. Berliners are used to having shops open around the clock. And Bavaria, on the other hand, has the shortest opening times in Germany. Since 2006, responsibility for regulating shop closing times lies with the federal states. The federal store closing law only applies in the federal states that have not passed their own store opening law; and that is the case in Bavaria. According to the Federal Store Opening Act, sales are allowed Monday to Saturday from 6 a.m. to 8 p.m. Bakeries are allowed to open from 5.30 a.m. In Rhineland-Palatinate and Saxony, the shops are allowed to open from 6 a.m. to 10 p.m., in the other federal states, 0 a.m. to midnight.

“The job can hardly be planned any more”

Have the more flexible opening times proven effective? The balance sheets are very different. Stefan Genth, chief executive of the retail trade association (HDE), says that liberalization was an important and right step. “Especially in the food retail sector, customers like to use the longer opening times to shop later in the evening after the working day and to take a look around.” The service union ver.di, on the other hand, speaks of a massive deterioration in working conditions. “Due to the long opening times, the employees are required to be much more flexible, the job can hardly be planned,” says Federal Board Member Stefanie Benefitberger. Compared to the past, there are many more part-time workers; the longer opening times have not led to the creation of full-time jobs. “There are simply fewer staff available for advice in the store, so that the opening times can be covered,” says Benefitberger. “Two thirds of those employed in retail are women. The expansion of part-time work and employment that is not subject to social security contributions are at their expense and mean that they are dependent on basic security in old age.”

Jobs for millions of people

The industry association contradicts: Liberalization has increased the need for labor in the retail sector. “Particularly in the food trade, additional jobs were created in order to be able to cover the evening and night hours,” said HDE General Manager Genth. Overall, the retail trade in Germany today offers more than three million people a job.

The union also sees a connection between the dying inner cities and the long opening times. There was a big cutthroat competition, so ver.di board member Benefitberger. “Four corporations make around 80 percent of sales in foodstuffs, three corporations make almost 90 percent of sales in drugstore articles.” Not every company was able to go along, especially smaller shops should have closed that way.

Sunday opening as an economic aid?

In the current discussion about shop opening times, the main focus is currently on Sunday. The trade association, the association of towns and municipalities and Marcel Fratzscher, head of the German Institute for Economic Research (DIW), have signed up for a general Sunday opening until Christmas – as an economic aid for the industry, which has been hard hit by Corona.

“In many other areas of the economy, opening on Sundays is a matter of course. In restaurants and pubs it is part of everyday life that the doors are also wide open on Sundays. The same is true of theaters, cinemas or museums worked on Sundays, “said industry representative Genth. “Only in the retail sector, as a rule, everything has to be closed on Sundays. That is no longer in keeping with the times.”

Resistance in court too

But the trade union ver.di is massively resisting further liberalization, which is why it repeatedly goes to court. The advance of the HDE is a “general attack” on the trade workers, their families, and the Basic Law. “The HDE thinks too short-sightedly when it hopes to liven up the city centers and shops with shopping Sundays,” said union Benefitberger. “Because just because it is open longer, people cannot spend more money. Sunday sales only move sales from working days to Sunday.”

At the moment, shops generally have to close on Sundays and public holidays. There are exceptions, for example, for bakeries, flower shops, newsagents, petrol stations and shops in train stations and airports

Debate about opening times Shop on Sundays until Christmas?

Status: 19.06.2021 2:58 p.m.

Brick-and-mortar retail suffered a lot in the pandemic, while online retailing gained tremendously. DIW, Städtebund and the trade association HDE are now calling for more flexible opening times to help stimulate the economy. The union ver.di warns. The President of the German Institute for Economic Research (DIW), Marcel Fratzscher, calls for opening hours to be relaxed in view of the difficult situation of many retailers. “A liberalization of the shop opening times is urgently required so that the stationary retail trade can assert itself in the competition against the online trade and secure jobs,” said Fratzscher to the “Handelsblatt”.

Flexibility required until the end of the year

The economist stood by the side of the trade association HDE. He had suggested leaving the shops open on Sundays at least until the end of the year. This gives retailers the chance to make up at least part of the sales lost during the lockdowns and would also be a signal to people that the city centers are open again. In addition, there should be more reliable rules for a legally secure occasional Sunday opening.

The Association of Towns and Municipalities also spoke out in favor of it. “We now have to do everything we can to ensure that our inner cities and town centers do not become deserted,” said managing director Gerd Landsberg to the “Handelsblatt”. “It would be a positive signal to allow additional Sunday opening hours.” Landsberg referred to the threatening situation of the trade and the danger for hundreds of thousands of jobs.

“Small but important signal”

Over 100,000 retail stores could close or not open at all, Landsberg said. This would put almost 500,000 jobs at stake. The online trade, on the other hand, was open 24 hours a day, seven days a week, and was able to increase its sales to over 72 billion euros last year due to the pandemic. Additional Sunday opening hours would therefore be “a small but important signal that the city centers and town centers have a future”.

“Development cannot be reversed”

Fratzscher explained: “Due to the pandemic, there was a massive shift towards online trading, which will not be completely reversed even after the pandemic.” However, fair competitive conditions did not mean that people could shop online 24 hours a day, seven days a week, but stationary retail trade had a “tight corset” and had to be closed on Sundays.

“Instead of sanctions or charges for online trading, politics should make stationary retailing more attractive,” said Fratzscher. In addition to more flexible shopping times, this also includes modern urban concepts that make inner cities more attractive again. “This not only has an immediate economic value, it is also very important from a social and societal perspective that people meet and come into contact with one another.”

Ver.di sees “general attack”

The FDP already supported the HDE’s advance as a suitable economic aid for the retail sector. The trade union ver.di, on the other hand, rejected him as an overly short-sighted “general attack on the trade workers, their families, but also on the Basic Law”.

Online competition is growing Fashion retail in upheaval

Status: 16.06.2021 7:16 p.m.

The sale of fashion on the Internet is booming: The Otto subsidiary About You, which launched successfully on the stock exchange today, is growing rapidly. Stationary fashion retailers, on the other hand, are increasingly disappearing. Do you still have a future? The former glamor of the fashion industry has long since vanished in German city centers. There is bare existential fear. Many fashion retailers feel they have been stripped down to the last shirt. In the corona pandemic, textile retailers and manufacturers had to give up in a row. Well-known names such as Escada, Hallhuber, Bonita, Appelrath Cüpper and Adler-Modemärkte filed for bankruptcy. More fashion retailers will soon follow, predict the credit insurer Euler Hermes and the textile trade association (BTE). Euler Hermes does not expect a return to pre-crisis levels until 2023.

“Home office and suit don’t go together”

During the lockdown, new clothes were hardly in demand. Who needs an expensive new outfit for work at home? “Home office and suit don’t go together,” says Gerd Oliver Seidensticker, President of German Fashion.

The turnover in the fashion industry shrank in the Corona year by more than 20 percent to around twelve billion euros. “The pandemic has plunged the fashion industry into a deep crisis,” complains German fashion boss Seidensticker. “Many of our companies are dependent on help from the state.”

Structural crisis even before Corona

But even before the pandemic, the stationary fashion houses were under pressure. Corona has accelerated the structural crisis in the industry. Sales in stationary retail have been declining for years. The death of fashion retailers began a long time ago. Between 2010 and 2019, the number of companies in the clothing industry fell by 31 percent, according to a study by the management consultancy PwC. Retail expert Gerrit Heinemann, retail expert at the Niederrhein University of Applied Sciences, speaks up tagesschau.de of a “collective restructuring case”.

The increasing low-cost competition from textile discounters such as Primark and the triumphant advance of online retail have long been troubling the classic fashion industry. Online retailers such as Zalando and About You are flourishing. Only H&M and Zara have successfully resisted the online competition and also held their own in the Corona crisis.

More and more mono labels

There is also a trend towards mono labels. More and more fashion manufacturers such as Hugo Boss or the sporting goods supplier Adidas are setting up their own flagship stores and selling their products there – to the chagrin of classic fashion retailers who traditionally follow the multi-label approach.

The end of the multi-month lockdown and the return of walk-in customers in the cities should give the stationary fashion retail some breathing space again in the short term. In the long run, however, the industry has to reinvent itself, demand experts. Only those who meet the needs of customers with innovative concepts will survive, says PwC retail expert Stefan Schwertel.

Regional or sustainable concepts as a way out?

Heinemann sees the Mannheim fashion retailer Engelhorn as a positive example. The company has focused on a regional market and now sells a good half of its clothing over the Internet.

Other fashion retailers focus on niches such as sustainability. Some also flee into the arms of their biggest competitor, Zalando. A good 2,400 stationary fashion retailers now also sell their clothing via the Zalando “Connected Retail” platform.

Model H&M and Zara

Above all, however, Zalando is using that and is not enough to save the stationary business permanently, complain experts like Gerrit Heinemann from the Niederrhein University of Applied Sciences. “This is a one-way street.” In his opinion, stationary fashion retailers should primarily operate on demand in the future – following the example of H&M and Zara. In fact, C&A is currently starting to produce jeans “on demand” at the Mönchengladbach location in Germany.

The traditional fashion house Köhler from Hessen is breaking new ground. It offers fashion advice and sales via video. The customer fills out a questionnaire on the Internet before receiving a video consultation. During the video call, the customer then decides what he wants to have delivered to his home. The concept is particularly worthwhile with regular customers, says Paula Vordemfelde, managing director of Köhler. Her motto: “We have to be creative and be able to react quickly.”

Launched in 2020, The CrownX unites two leading enterprises in the industry to establish a leading retail – consumer platform in Vietnam. Within the framework of the transaction, The CrownX will partner with Lazada to accelerate the company’s digital transformation, accelerating the development of the integrated retail market from offline to online (“O2O”) in Vietnam. This transaction strengthens shareholders’ vision of the potential to build Vietnam’s first technology-enabled retail-consumer ecosystem, while expanding its reach to serve consumers nationwide. Alibaba and partners complete the investment of 400 million USD in The CrownX Mr. Danny Le – General Director of Masan Group – shared: The strategic cooperation agreement will help us accelerate the transformation of The CrownX into a Point of Life – an “all-in-one” platform serving the needs of customers. daily necessities of consumers on offline and online shopping channels. Our first priority is to modernize the retail essentials market in Vietnam, serving consumers with the best products and services. I believe this partnership will help the company realize Point of Life more quickly and effectively. Kenny Ho – Investment Director of Alibaba Group in Southeast Asia and India – said: The combination of Alibaba’s understanding in online retail industry, Lazada’s e-commerce platform, and selling system Masan’s scale of offline retail will be a catalyst to promote the modernization of Vietnam’s retail industry. We look forward to accompanying Masan to build a leading retail and consumer platform integrated from offline to online in Vietnam. Within the transaction framework, VinCommerce (VCM) will establish a strategic cooperation agreement with Lazada – Alibaba’s e-commerce platform in Southeast Asia. Accordingly, VCM will be the leading retailer of necessities on the Lazada e-commerce platform. The two sides will share knowledge and experience to promote necessities to become a key industry of e-commerce. At the same time, develop the feature of supplying goods for online orders at VCM’s offline selling points. Although shopping with daily frequency, the ability of consumers to access essential products through online channels is still limited. Masan sets a target that the total value of goods from The CrownX’s online channel will account for at least 5% of the Company’s total sales in the near future.

An employee scans and checks products in a Tiki warehouse in Ho Chi Minh City. (Photo: Bloomberg) Crossing the crowded streets of Ho Chi Minh City in a Honda, Ho Duc Quang carries toys, books and other packages to deliver to Tiki.vn customers. Quang, 25, needs to be quick, as Tiki promises to deliver in 2 hours. He uses AirPods to notify customers of his arrival, but there is one thing that slows down this shipper: Quang has to wait for customers to open the package, confirm the correct goods before departing for the next trip. It is a mandatory operation for those who do not trust online sellers. Quang’s speedy deliveries between the city of 9 million people are just part of a campaign to win over customers, many of whom shop online for the first time due to the pandemic. Winning isn’t easy where only about a third of adults have a bank account and less than 5% have a credit card. Most shopping at convenience stores, traditional markets. Although Euromonitor International estimates that e-commerce will only account for 3% of Vietnam’s retail market in 2020, the lowest in Southeast Asia, the potential of the market is extremely attractive. According to a report by Google, Temasek, Bain & Co, Vietnam’s digital economy is predicted to reach US$52 billion by 2025, an increase of 29% compared to 2020. Competition for customers Startups backed by Warburg Pincus, Goldman Sachs, JD.com or Shopee, Amazon are all targeting the Vietnamese middle class. From 2016 to the first half of 2020, investors poured $1.9 billion into the domestic online sector. Mr. Ralf Matthaes, Managing Director of Infocus Mekong Research, assessed that Vietnam is in the early stages of becoming a digital society with a young and technology-loving population. Therefore, these companies have to compete with each other to provide services. The government has set a target of online shopping to account for 10% of Vietnam’s retail sales by 2025. The regulator wants to reduce cash payments to create a more transparent, modern economy through increased non-payment of transactions. cash for public services and improve the regulatory framework for electronic payments. The consortium led by Alibaba and Baring Private Equity Asia will invest $400 million in exchange for a 5.5% stake in CrownX of Masan retail group. Under the agreement, Masan will cooperate with Lazada – Alibaba’s e-commerce platform in Southeast Asia. Kenny Ho, Southeast Asia Investment Director of Alibaba, affirmed that the combination of Alibaba’s online retail expertise, Lazada’s Vietnam platform, and Masan’s offline network will be a powerful catalyst for the company’s success. modernization of Vietnam’s retail market. In January, M-Service, the startup behind the Momo e-wallet, raised more than $100 million from an investment group, including Warburg Pincus. For the first time in their shopping life, Vietnamese people are “encircled” by the form of customer-first retailing that is common in developed economies. Trust of customers Online retailers are trying to woo shoppers wary of scam stores that don’t offer return policies. According to economist Nguyen Tri Hieu, “Vietnamese people don’t trust what they can’t see. Usually, they need to know what they’re buying. They have to smell it and touch it.” So e-commerce sites raced to launch marketing campaigns, offering discounts on everything from AirPods to Samsung washing machines. E-wallet startup that offers coupons. Tiki applies a refund policy of up to 30 days. Nguyen Thi Kim Chi, 31, who works for an entertainment website, said that 70% off and customer-oriented items attract her. Buyers are empowered to evaluate products and services online. If normal, they often have to go to the store complaining about the low quality of the product and there may be quarrels but nothing is corrected. According to Mr. Matthase, the epidemic will boost digital retail as 30% more Vietnamese will shop for everything from food to electronics online in 2020. Retail shifting According to Jeffrey Perlman, managing director of Warburg Pincus in Singapore, Vietnam’s retail market changes faster than other markets. Tiki is currently the largest domestic e-commerce platform in the country. Software engineer Tran Ngoc Thai Son built Tiki in 2010 from $5,000. Mr. Son writes code, buys 100 English books from Amazon, and delivers it by himself by motorbike. Currently, Tiki has 3,100 employees and a state-of-the-art logistics operations system overseen by Henry Low, former head of Amazon and Coupang. Along with the company’s growth is the effort to attract customers. Mr. Son deployed a system to filter counterfeit goods and sided with customers. For example, if there is a defect in a newly purchased phone, the customer wants to return it, they will support 100%. If the seller is not okay with this decision, Tiki will shut down their account. From diapers to beer According to Crunchbase, investors like Sumitomo, JD.com have invested $192.5 million in Tiki. Mr. Son anticipates more rounds of funding and prepares for an IPO. According to Mr. Low, Tiki handles less than 2 million orders per month. Employees busy arranging everything from diapers and diapers to Corona beer in the 10,000-square-foot fulfillment center. Tiki applies artificial intelligence and robots capable of transporting 800kg products to speed things up. Thanks to the logistics system, Mr. Son aims to transport 500,000 products in 2 hours, up from 200,000 currently, helping Tiki achieve its profit target. Du Lam (According to Bloomberg)

The UK government is easing restrictions to revive the economy and travel. Source: Reuters Ms. Tracy Halliwell – Director of Tourism, Conferences and Events of London and Partners, said that London’s tourism industry has been hit very hard by the pandemic: “London is an international city, we depend heavily dependent on international visitors One in seven jobs in London are in the tourism and hospitality industry, so the sector has taken a huge hit.Most hotels have closed, shops are empty. guest”. From May 17, the British Government has relaxed the ban, allowing pubs, bars and restaurants to open indoors; while indoor entertainment activities such as cinemas, museums, children’s play areas continue to operate. According to the UK Government’s roadmap, all restrictions on social contact in the country will be lifted on June 21. According to Ms. Tracy Halliwell, the program “Let’s Do London” will introduce exciting events and activities in London this summer, such as cinemas with new works returning, art exhibitions on the road. streets and a series of food promotion campaigns. “The tourism and service industries have worked together and created new ways to keep our destinations safe and hygienic. We are changing for the better,” said Ms. Tracy Halliwell.

Asia-Pacific countries are expected to reach $2 trillion in e-commerce revenue by 2025. (Source: 4S) The region is projected to witness the highest retail sales growth during 2020-2025, after Latin America. In the official report “Top 100 Retailers in Asia 2021”, Euromonitor International examines how Asia-Pacific’s world-class mobile connectivity enables digital transformation and is supported supported by the region’s extremely tech-savvy consumer segments. According to a statement, last year, businesses that received online orders recorded a growth of 37.6% and will reach 44% by 2025. As retail becomes more competitive to stay relevant in the digital space, localize shopping to individual markets, and personalize the retail experience for retailers. Different customer segments in Asia-Pacific will be essential. Euromonitor International senior research analyst Deepika Chandrasekar said: “As consumers connect and shop online more than ever before, more and more brands are expected to use social media to interact with them. and build trust with consumers beyond acting as a retailer.” (according to Euro Monitor)

Consumers when choosing meat in the cooler of a supermarket need to learn carefully because there are many types of defrosted meat Photo: Tran Viet – VNA Cheap, easy to buy, convenient to process Ms. Linh Chi (banker, Ba Trieu branch, Hanoi), said that recently, when she went to the supermarket, she came across lean pork, pork belly imported from the US, cut into pieces and pre-packed in blister packs. , stored in the refrigerator for sale. This type of meat costs from 104,000-154,000 VND/kg, cheaper than fresh domestic meat. When she wondered about the fact that imported meat was not kept in the freezer but kept in the cooler when sold, the supermarket staff explained: “Frozen meat is often in large volume, making it difficult for consumers to buy, so Supermarket defrosts, cuts, divides into small pieces from 300-400gr/tray and is stored in the refrigerator”. Further observation, Ms. Linh saw that at this food counter in the supermarket, there was a sign noting to consumers: “The product has been defrosted, please do not re-freeze”. According to the reporter’s observations, with meats that have been defrosted, chopped, and sold as cool or fresh meats, many customers choose because of their low prices, suitable for the retail needs of the majority of customers. . However, very few supermarkets clearly state the origin and condition of these meats. In supermarkets, convenience stores, you will not easily recognize this as thawed meat because the small stamps on the surface of the tray only display the words “American beef shoulder”, “Australian beef shoulder”. … Especially, what is more worrying, if supermarkets and convenience stores bring defrosted meat to sell as cool meat, in markets, thawed meat is sold as fresh meat. Even at the end of the day, if it doesn’t sell out, the stall owner will re-freeze the meat to sell it the next day. Thawed meat does not guarantee food safety With the advantages of being easy to buy because of its small volume, convenient processing, and low cost, consumers have chosen this type of defrosted meat. However, food safety experts are concerned about the safety and quality of frozen meat when defrosting if done in an inappropriate manner. Specifically, when defrosting, the meat must be brought to the refrigerator (temperature is about 4-5 degrees Celsius) to slowly defrost, not put the meat outside in the natural environment or put the meat in water. When leaving meat out, the high temperature will make it easy for bacteria to infect and grow, which is not safe. In many supermarkets, convenience stores, markets, imported meat is thawed for retail Dr. Nguyen Duy Thinh, former officer of the Institute of Food and Biotechnology, University of Science and Technology, said that in markets, hygienic conditions cannot be compared with supermarkets, meat has a high risk of infection. With unsold meat, small traders re-freeze, bacteria continue to be inhibited, but after thawing, exposed to normal temperature, bacteria multiply faster before re-freezing. Moreover, when selling, due to the large amount of meat, the cooler is not able to cool the pieces of meat evenly, so it still creates opportunities for bacteria to grow. The amount of bacteria will multiply day by day. After three days, the meat in the supermarket can be the same as the meat in the market if it is stored at a temperature above 5 degrees Celsius. “It is best to defrost it on the same day it is sold out” – Dr. Nguyen Duy Thinh said. In addition, Mr. Vu The Thanh, a food safety and hygiene expert, said that defrosted meats are more susceptible to infection than fresh meat because when defrosting, the bacteria will continue to multiply after the freezing process. and multiply to infinity if favorable conditions are met. Therefore, when buying defrosted frozen meat, consumers should process and use it within the same day, do not re-freeze the meat because it will form ice in the piece of meat, after thawing again. , the meat will be dehydrated, not good to eat. Mr. Nguyen Van Manh, owner of a chain of stores specializing in selling clean food, said that fresh, frozen and chilled meat products must all meet technical regulations on food safety, if Failure to do so will result in fines or even criminal penalties. Explaining the reason why retailers still openly sell defrosted meat, Mr. Manh said that because these units did not announce or promote the meat as cool or fresh meat, the authorities cannot be punished. “The standard is for businesses to have grounds to announce the quality of products sold on the market, not mandatory. Only if these stalls hang signs selling cool and fresh meat but sell defrosted meat. , has just been punished”. To the naked eye, it can be seen that the pieces of pork after defrosting are usually pale in color. Even, the meat is still a bit cold, some pieces of meat still have ice crystals. As for beef, frozen buffalo meat that is thawed is usually darker in color, especially when sold at room temperature, on a hot day in the market.

Following the above decrease, the price of thin pork (wholesale pig/jaw) of grades 1 and 2 also dropped sharply by about 12,000-15,000 VND/kg, to 85,000 VND/kg grade 1 and 78,000 VND/kg grade 2, respectively. However, the price of mixed pork belly has not decreased much, only about 5,000 VND/kg. Specifically, the previous sausage from 90,000 VND/kg to 85,000 VND/kg; drumstick drumsticks 85,000 VND/kg to 80,000 VND/kg, lean chips 110,000 VND/kg to 105,000 VND/kg. Particularly, young ribs still keep the price of 150,000 VND/kg, while before it was at 145,000 VND/kg. Explaining the above disproportionate price reduction, Mr. Tien said that normally, when the price of pigs goes down, the price of thin pigs will also drop directly, even if the reduction is more than the price of live pigs. Particularly, mixed pork usually does not decrease immediately, but gradually, on the contrary, the increase will also be gradual because traders and traders have signed contracts with each other in advance for a fixed period of time. Retail pork prices are still high, making consumers wonder. That is also the reason why small traders in some retail markets said that the price of pork of all kinds they sold has not decreased much, some places only decreased by about 5,000 – 10,000 VND/kg. Co Nhi, a small pork trader at Go Vap market (HCMC), said that for more than a week now, she has been importing wholesale pork at a high, unchanged price, about 117,000 – 125,000 VND/kg. Therefore, the retail price of pork remains high: young ribs 180,000-190,000 VND/kg, bacon 155,000 – 160,000 VND/kg, thighs 110,000 – 120,000 VND/kg… “The wholesale price of pork has not decreased, so I still keep the selling price. Prices of ham, ribs, and bacon are still high, so customers buy less and consumption is slow. Accordingly, the amount of imported goods also decreased from 100 kg/day to only 40 kg/day. Only when the wholesale price of imported pork and snakehead meat decreases, the retail price will decrease accordingly, which can stimulate buyers to increase pork consumption again,” Ms. Nhi said. Mr. Nguyen Dang Phu – Deputy General Director of Vietnam Vissan Animal Industry Joint Stock Company, also assessed that the sales force for pork products is currently very slow, the company has to reduce the price of all kinds of young ribs and cutlets by 15%. , pork belly pulled ribs… to stimulate purchasing power. Meanwhile, in the same market, the price of pork varies from place to place. At Base Market 26A (Go Vap District, some stalls quote the price of young ribs VND 165,000/kg, bacon 120,000 VND/kg, thighs 100,000 VND/kg… But another stall is not far away, the seller quoted the price. higher than 20,000 – 25,000 VND/kg, specifically: 180,000 VND/kg baby ribs, 140,000 VND/kg bacon, 120,000 VND/kg thighs… As explained by the small traders, the retail price of pork depends on each market, both wholesale and retail markets. At the beginning of the session (3 – 4 am) pork prices will be high and prices will decrease at the end of the session (6 – 7 am). Some retail sellers will watch out for wholesale markets to import “dropped goods” at cheap prices and sell cheaply to push goods; and those who import goods early, the meat is delicious, the price is higher, so they are forced to retail at a high price. “This whole week, I imported thin pigs with a constant price of 105,000 VND/kg, not 78,000 – 85,000 VND/kg. Not to mention, the purchasing power is slow, there is still a lot of meat left in the afternoon so I have to sell it all cheaply to the shops; The price at the beginning of the session, at the end of the session, is not much profit,” explained Ms. Thuyen – selling pork at Cho Base 26A. As noted by us, meat prices at some slaughterhouses also remained high. For example, in Vissan, even after the reduction of pork, it is still quite high. Pork ribs 275,000 VND/kg reduced to 210,000 VND/kg, pork belly 205,000 VND/kg reduced to 175,000 VND/kg, thigh meat 166,000 VND/kg reduced to 145,000 VND/kg… Branded packaged pork… Meat Deli is even higher: thigh 152,000 VND/kg, pork belly 192,000 VND/kg, cutlet 124,000 VND/kg, pork leg boneless 160,000 VND/kg… (According to Women in HCMC)

Existing for 3 years, VinSmart sometimes reached the top 3 in terms of smartphone market share in Vietnam. No more Vietnamese phones that can compete “My feeling was surprise and disappointment when I received this information. During the VinSmart product business, The Gioi Di Dong assessed that this brand has gained competitiveness in certain segments. Their products are not inferior to other competitors”, a representative of The Gioi Di Dong, the smartphone retailer with the largest market share in Vietnam, shared. Zing . VinSmart is able to compete with other brands in the smartphone field. Meanwhile, the second retailer in the market, FPT Shop, also evaluates that VinSmart’s smartphones are capable of competing with other brands. “FPT Shop and consumers will regret it when Vietnamese brands gradually withdraw from the smartphone market. This is an area that requires constant and very fast updates. However, the mobile phone market has always had a very high level of competition,” said Nguyen The Kha – Head of Mobile Telecommunications Sector FPT Shop, expressing his regret at VinSmart’s announcement to stop the mobile segment. According to FPT Shop, VinSmart’s smartphones are beautifully designed, well-configured and reasonably priced. Vsmart competes strongly with brands from China. In the price segment of less than 4 million VND, Vsmart always has product lines such as Live, Star or Joy that compete well and, above all, are guaranteed for up to 18 months. VinSmart’s competitiveness is shown through numbers, not words. According to market research firm GfK In March, the market share of Vsmart-branded smartphones in Vietnam was 8.2%, ranking 6th in the domestic market. VinSmart achieved a market share of 12.1%, entering the group of 4 best-selling smartphone brands in Vietnam in December 2020. Previously, in October 2020, the company ranked 3rd with 10.5% market share. VinSmart was born in June 2018, and introduced the first smartphones 6 months later. After nearly 3 years of development, Vsmart has launched 19 phone models and 5 TV models. In June 2020, VinSmart announced that it had sold 1.2 million phones. Thus, with the stop of VinSmart, the Vietnamese mobile market still has a name called Bphone of Bkav. However, Bphone 3 has been sold since 2018 with undisclosed sales. Meanwhile, the B40 model was introduced in May 2020, but so far, after a year, this device has not been sold on the market. Model B86 has been discontinued from retail chains. Right decision “I was surprised when I received the news that VinSmart stopped the mobile and TV business. The first feeling is regret when losing a Vietnamese smartphone brand but fully support this decision. This is the right decision in the new context, specifically the epidemic,” said Mai Trieu Nguyen, owner of the Mai Nguyen mobile retail chain. Stopping the smartphone segment and focusing on electric cars is the right direction for Vingroup. According to Mr. Nguyen, besides needing capital to focus on developing VinFast, Vingroup also has to deal with the scarcity of processor chips in the whole industry. “In the context of Covid-19, chips are scarce. Without a chip, there would be no smartphone, the whole line had to wait for a supplier. A smartphone has a lot of chips. This dependence only makes the situation worse. Not to mention that chip suppliers often give preference to partners who sell in larger quantities,” Nguyen predicted the reason VinSmart stopped the smartphone business. At the same time, Mr. Nguyen also gave an example of another Vietnamese brand, Mobiistar, which also stopped doing business because of difficulties in the supply chain. “Mobiistar has tried to overcome difficulties in the component supply chain by selling in India. When the sales volume is large, the company is better able to negotiate components with suppliers,” said Mr. Nguyen. Meanwhile, Apple and Samsung, the two leading brands in the supply chain are also facing difficulties when processor chips are scarce due to the epidemic. Some other companies have had to postpone the product launch date because of a lack of components. According to experts, the decision to dissolve the business segment that has been built for 3 years and has a good market share is not easy. I really respect the executive brains because this is the right decision of VinSmart in the new context, namely the epidemic. Mr. Mai Trieu Nguyen, owner of mobile retail chain Mai Nguyen Previously, HTC and LG also hesitated for a long time before deciding to withdraw from this fiercely competitive market. “They wait too long only to push them into debt and loss. Vingroup’s management team is more assertive. What area has no future they boldly cut out. Buying and closing Vien Thong A or closing VinMart is one of their timely decisions,” said Nguyen. In addition, the electric car market is being evaluated as having the most potential for growth because this segment is still in its infancy. “Famous names in the technology industry such as Huawei, Sony, Xiaomi, Oppo all have plans to change direction. So it is very understandable that VinGroup closes the phone segment to seriously invest in electric cars. But honestly, emotionally, I still regret losing a Vietnamese brand in the smartphone market,” Nguyen concluded. Leaving the popular group market share for Oppo, Xiaomi VinSmart’s products are considered to focus on the segment under VND 4 million. In this segment, brands like Oppo, Xiaomi, vivo and even Samsung have competitive representation. The most obvious is the top 10 best-selling smartphones of GfK In the first quarter of 2020, there were 7 models priced under 5 million VND. Names like Samsung A12/A02s/A12/M15, Oppo A12/A15/A53 are typical examples for the strategy of using low-priced smartphones to capture market share of brands. In the smartphone segment under VND 5 million, companies like Samsung, Oppo, Xiaomi or vivo all see this as a place to capture market share. Low-cost phones make it easier for carriers to reach consumers, thereby creating loyal customer groups. This is an indispensable segment of a brand, although the profit performance may not be as high as that of high-end smartphones. Besides VinSmart, Bphone is the last Vietnamese brand that produces smartphones. According to the latest data from GfK , VinSmart accounted for 9.3% of Vietnam’s mobile market share in February 2021. The absence of VinSmart will leave a gap for brands with strengths in the popular group. “The appearance of Vsmart even in a short time with abundant financial potential, has taken more than 10% of the smartphone market share from foreign firms. This affirms, we Vietnamese people always crave and supporting ‘Make in Vietnam’ products, especially Smartphones,” said Bphone CEO Nguyen Tu Quang. Without VinSmart, the market would only be Bphone, a Vietnamese brand capable of launching new smartphones. However, Bkav’s latest product has been delayed for nearly a year. Besides, Bphone’s market share competitiveness is still not really convincing when sales figures have not been announced.

Not to mention, the time when snow crab legs are imported to Vietnam, the quantity of goods is scarce, so buyers often have to order a few days or a week in advance. However, these days, frozen Canadian snow crab legs are being sold in abundance at unprecedented prices. The sellers advertise, this type of crab legs is the leg plus body part from the snow crab. The weight of crab legs usually ranges from 3-4 clusters of legs/kg with prices ranging from 300,000 to 380,000 VND/kg. Frozen snow crab legs are being sold in the market (photo: NVCC) Because the price is cheaper than Vietnamese dong crabs, on this occasion, snow crab legs are favored by housewives, and some people even buy a whole 5kg box to be charged wholesale. Ms. Hoang Ngoc Anh from Kim Nguu (Hai Ba Trung, Hanoi) said that she has never been able to buy snow crab legs at such low prices as on this occasion. According to Anh, the long and big snow crab legs are the most delicious part of this crab. Remove the outer shell, the inside of the snow crab’s leg is full of white meat and has a sweet, chewy taste. Before, she had to buy it for nearly 800,000 VND/kg (4-5 foot clusters/kg), now it’s only 350,000 VND/kg (3 foot clusters/kg). “If this crab leg is roasted with tamarind, just cut it according to the leg joint or leave the roasted leg whole. And if to stir-fry pieces, make spring rolls, it’s easy to separate the meat inside because the crab legs are big,” she said. Her children quite like to eat crabs, so on this occasion, she often buys a whole 5kg carton, because buying a lot will be cheaper than buying individually by weight. Ms. Bui Le Phuong Thao in Phu Nhuan (HCMC) also said that recently, snow crab legs are not only cheap but also very easy to order. Imported snow crab legs are currently quite cheap (photo: NVCC) If before, if you want to enjoy steamed snow crab legs with salt and pepper, you usually have to order it at the marine store and then wait 2-3 days to have it. Now, eat as much as you want, order 30 minutes later, the crab legs have been delivered to your door. “Purchasing 1kg retail costs 400,000 VND, but buying 1 carton of 5 kg costs only 300,000 VND/kg, which is much cheaper than buying retail. Moreover, the store also offers free shipping,” she said. Talk to PV. VietNamNet, Mr. Dinh Cong Tuan – the focal point of selling imported snow crab legs in District 2 (HCMC) – shared, the supply is abundant, the imported goods to Vietnam are many, so the price has dropped sharply. He is retailing snow crab legs with 3 clusters of legs/kg for 420,000 VND/kg, and wholesales 1 carton of 5 kg for 300,000 VND/kg. According to him, snow crab legs are extremely popular because not only restaurants and eateries buy for processing, but retail customers also buy a lot to eat. Like today, both wholesale and retail increased dramatically, he consumed nearly 4 quintals of crab legs. If calculated by week, the amount of crab legs sold from 1-1.5 tons. Imported crab legs are being bought by housewives (photo: NVCC) Ms. Pham Thuy Lien – wholesaler of imported seafood in Phu Nhuan (HCMC) said that there are two types of snow crabs imported into Vietnam, which are from Japan and Canada. However, seafood traders like her often choose goods imported from Canada because they have good prices and the supply is also more abundant than Japanese goods. In particular, compared to the expensive imported whole, snow crab legs are much cheaper. Compared to other types of crab legs, snow crab legs are very cheap, even cheaper than Vietnamese crab legs. In Canada, fresh snow crabs after being caught on the shore will be split in half, including the crab legs and half of the body (legs) stored at -18 degrees in accordance with the standards to keep the sweetness and aroma of the crab meat. Imported goods will be packed in cartons weighing 5kg. On this occasion, affected by the Covid-19 epidemic, many restaurants and shops were closed, so in addition to wholesale, she also “tears” retail goods. Fortunately, this time the price of crab legs cooled down, people bought more to eat. Therefore, the amount of crabs consumed per day is still increasing quite strongly. Accordingly, the batch of 5 quintal crab legs imported last week, so far, only has about 15 boxes left, Ms. Lien said.

The same model is the VN/A version, but each store will usually have a different retail policy, the iPhone lines will vary from a few hundred to a few million dong, so you should choose stores with good prices. . Vietnamese Mobile Currently, Mobile Viet stores have bases in the southern provinces, because they have only been involved in the retail market for nearly a year, they often have promotions and discounts for models. – iPhone 12 mini: VND 15,990,000 for 64GB version, VND 17,990,000 for 128GB version, VND 20,390,000 for 256GB version; – iPhone 12: VND 19,790,000 for 64GB version, VND 21,390,000 for 128GB version, VND 24,390,000 for 256GB version; – iPhone 12 Pro: VND 26,390,000 for the 128GB version, VND 28,790,000 for the 256GB version, VND 33,790,000 for the 512GB version; – iPhone 12 Pro Max: VND 28,990,000 for the 128GB version, VND 31,790,000 for the 256GB version, VND 33,790,000 for the 512GB version; ShopDunk Also becoming an Apple reseller last year, ShopDunk has both stores in Hanoi and Saigon to make shopping and maintenance easier. – iPhone 12 mini: VND 16,390,000 for the 64GB version, VND 17,990,000 for the 128GB version, VND 21,890,000 for the 256GB version; – iPhone 12: VND 19,590,000 for 64GB version, VND 21,290,000 for 128GB version, VND 23,290,000 for 256GB version; – iPhone 12 Pro: VND 25,950,000 for the 128GB version, VND 28,350,000 for the 256GB version, VND 33,750,000 for the 512GB version; – iPhone 12 Pro Max: VND 28,950,000 for the 128GB version, VND 31,750,000 for the 256GB version, VND 37,150,000 for the 512GB version; FPT Shop FPT Shop has been around for a long time, so although the price is always slightly higher than other retailers in the market, it is still chosen by many consumers. – iPhone 12 mini: VND 17,190,000 for 64GB version, VND 18,490,000 for 128GB version, 256GB version is currently out of stock; – iPhone 12: VND 20,990,000 for 64GB version, VND 22,990,000 for 128GB version, VND 24,490,000 for 256GB version; – iPhone 12 Pro: VND 27,990,000 for the 128GB version, 30,990,000 for the 256GB version, 35,990,000 for the 512GB version; – iPhone 12 Pro Max: VND 29,990,000 for the 128GB version, 34,990,000 for the 256GB version, 38,990,000 for the 512GB version; *Prices of iPhone 12 models are taking at the lowest version and cheapest color According to the prices offered by the 3 stores above, we can see that currently the iPhone 12 mini model is having the best price at Mobile Vietnam, the iPhone 12 price is having the cheapest price at ShopDunk, but currently Mobile Vietnam is available. The offer should be “reduced” by 100,000 VND, and for iPhone 12 Pro and iPhone 12 Pro Max, ShopDunk is having a slightly softer price.

Fresh and dried seahorses and sea dragons are available for sale at Ham Ninh market. With fresh seahorses, it costs about 5 to 8 million VND / kg, but if bought retail, a pair of large seahorses cost about 80,000 VND, the smaller pair, about 40,000 VND. With dried seahorses if straight tail (dried while alive) costs 70 thousand VND / fish, while the dried seahorses cost about 40 thousand VND / fish … The market of Ham Ninh fishing village is located right next to the wharf and for those who first come to Phu Quoc will be surprised to see countless fresh seahorses almost all colors brown, black, yellow, pink … all kinds are sold in large pots, small pots, with oxygen tubing. In the provinces bordering the western waters of the country, Phu Quoc is considered the largest natural seahorse beak. January to April each year is the breeding season of seahorses when they find rock caves, dead coral reefs … to mate. This was also the time when Phu Quoc fishermen caught the most seahorses and sold them crowdedly in Ham Ninh market. In addition to customers who buy for self-treatment and processing, many vendors at the “miracle” market are willing to soak for customers with “miracles” … … from cleaning seahorses and sea dragons to selling both. white wines and bottles or jugs for soaking. According to Ut Map, who has sold seahorses in Ham Ninh for more than ten years, with seahorses, saliva works best, second is the eyes. When soaking in alcohol, fresh seahorses will produce saliva, so the effect is better than dried ones, so if soaking 10 fresh seahorses, with dried seahorses to soak up to 20. Seahorses here have two types, spiny type and non-spiny type. The spiny-free type is purchased faster by the middlemen because the wine is less fishy when soaked like the spiny fish. Because of the use of seahorses for the health of men passed from each other, Ham Ninh is considered to be a place that specializes in selling all kinds of “preventive medicine”. In addition to seahorses, also known as walruses, there are sea dragons, which are similar in use to seahorses, which are widely sold in dry food stalls. Along with seahorses, many visitors are overwhelmed by another kind of “miracle” that is probably only available in the “miracle” market, which is seal seal, sea cow seal is hung or sold right on the front plastic trays store. Another kind of miracle that the gentlemen are looking for is sea cucumber, but in Phu Quoc it is quite rare, but at the Ham Ninh market it is still present. Although it is a natural seahorse beak, but in Phu Quoc this very cute animal is being caught in the way of salvation and destruction due to the large purchasing power of tourists. According to incomplete statistics, each year about 1 million seahorses are caught in the waters of Phu Quoc.

The scale of e-commerce retail of consumer goods and services increased from 4 billion USD in 2015 to about 11.5 billion USD in 2019. The report predicts that the growth rate of 2020 will continue to remain above. 30% and reach the scale of 15 billion USD. VECOM’s Vietnam E-commerce Index 2021 also cited Google, Temasek and Bain & Company Southeast Asia’s E-commerce 2020 report, Vietnam e-commerce 2020 increased 16% and reached a scale of over 14 billion. USD. Online shopping continues to grow Of which, online retail sales increased 46%, ride-hailing and tech food increased 34%, marketing, entertainment and online games up 18%, and online travel down 28%. . This report also predicts an average growth rate of 29% in the 2020-2025 period and by 2025, our country’s e-commerce scale will reach 52 billion USD. E-commerce has had impressive numbers despite the impact of the epidemic. According to VECOM data, the output of postal items through express delivery services will increase by 47% by 2020. The leading delivery companies have posted mail growth rates ranging from 30% to 60%. Sales of digital marketing services are about 26 million USD, in 2015 increased to 329 million USD. Report on Vietnam’s digital marketing trends 2021 shows that digital marketing revenue in 2019 is 716 million USD and despite the Covid-19 epidemic, this number in 2020 is still 820 million USD and it is predicted that in 2021 it will be to $ 1 billion. The above report also said that during the Covidi-19 epidemic the online payment field continued to grow strongly. According to the Vietnam Bank Card Association in the first 6 months of 2020, banks have issued up to 10.3 million new cards of all kinds, bringing the total number of cards in Vietnam to 103.4 million. In which, the number of international cards is 15 million and domestic cards are 88.4 million. Sales of spending payments by e-commerce channels in the first six months of 2020 increased 17%. Race supper app To accommodate the new needs of consumers, the concept of super apps or “super apps” refers to the role and advantages of apps that provide a mobile ecosystem. It’s time for business to make changes to add even more value to consumers from its mobile apps and websites. The proportion of businesses with a mobile version website has not changed much compared to previous years, it can be seen that most businesses no longer choose to build a separate website for the mobile version, instead. is a solution to build a new website with technology that automatically adjusts the interface compatible with different platforms such as computers, tablets, mobile … Unlike the mobile version website, building applications on mobile platforms of the business requires a higher level than a normal website. Instead, if consumers want to download, install and use regularly, the application requires to provide a variety of solutions, products and services suitable to many different needs of customers.

The scale of e-commerce retail of consumer goods and services increased from 4 billion USD in 2015 to about 11.5 billion USD in 2019. The report predicts that the growth rate of 2020 will continue to remain above. 30% and reach the scale of 15 billion USD. VECOM’s Vietnam E-commerce Index 2021 also cited Google, Temasek and Bain & Company Southeast Asia’s E-commerce 2020 report, Vietnam e-commerce 2020 increased 16% and reached a scale of over 14 billion. USD. Online shopping continues to grow Of which, online retail sales increased 46%, ride-hailing and tech food increased 34%, marketing, entertainment and online games up 18%, and online travel down 28%. . This report also predicts an average growth rate of 29% in the 2020-2025 period and by 2025, our country’s e-commerce scale will reach 52 billion USD. E-commerce has had impressive numbers despite the impact of the epidemic. According to VECOM data, the output of postal items through express delivery services will increase by 47% by 2020. The leading delivery companies have posted mail growth rates ranging from 30% to 60%. Sales of digital marketing services are about 26 million USD, in 2015 increased to 329 million USD. Report on Vietnam’s digital marketing trends 2021 shows that digital marketing revenue in 2019 is 716 million USD and despite the Covid-19 epidemic, this number in 2020 is still 820 million USD and it is predicted that in 2021 it will be to $ 1 billion. The above report also said that during the Covidi-19 epidemic the online payment field continued to grow strongly. According to the Vietnam Bank Card Association in the first 6 months of 2020, banks have issued up to 10.3 million new cards of all kinds, bringing the total number of cards in Vietnam to 103.4 million. In which, the number of international cards is 15 million and domestic cards are 88.4 million. Sales of spending payments by e-commerce channels in the first six months of 2020 increased 17%. Race supper app To accommodate the new needs of consumers, the concept of super apps or “super apps” refers to the role and advantages of apps that provide a mobile ecosystem. It’s time for business to make changes to add even more value to consumers from its mobile apps and websites. The proportion of businesses with a mobile version website has not changed much compared to previous years, it can be seen that most businesses no longer choose to build a separate website for the mobile version, instead. is a solution to build a new website with technology that automatically adjusts the interface compatible with different platforms such as computers, tablets, mobile … Unlike the mobile version website, building applications on mobile platforms of the business requires a higher level than a normal website. Instead, if consumers want to download, install and use regularly, the application requires to provide a variety of solutions, products and services suitable to many different needs of customers.

Accordingly, the enterprise plans to submit a plan to supplement the wireless telecommunication industry; other monetary intermediary activities (Details: Carrying out banking services through a digital environment); Other financial services activities are not elsewhere classified (except insurance and social insurance). Enterprises said additional reasons for convenience in implementing cooperation activities with partners to maximize services provided to customers. In 2021, FPT Retail expects revenue of 16,400 billion dong, pre-tax profit of 120 billion dong, up by 12% and 320% respectively compared to the implementation in 2020. In 2021, the business plans to continue focusing on increasing sales of the store system by introducing new products and services such as implementing co-branded sim services; open 68 more Laptop centers; New products like watches, surface … In the pharmaceutical market, the company is expected to account for about 30% of the market share of the pharmaceutical retail channel through pharmacies in the next 2 years, the pharmaceutical segment will contribute about 25% of the total revenue of the company at more than VND 5,000 billion. . At the close of the session on April 23, FRT shares rose 300 dong to 28,300 dong per share.

With the price launched last year at about 33 million with many gifts up to 6, 7 million, now Galaxy Note 20 Ultra 5G version updated exclusive preferential prices from only 21 million at CellphoneS, considered the best market. school. Comes with some attractive programs such as Old Thu with new subsidy, 30% discount when buying with Galaxy Watch Active 2 or 0% installment payment. According to the representative of CellphoneS: “Galaxy Note is still a device that attracts a large number of interested users because its distinctive design, performance and configuration are always on top, technology features are priority. So the new price is only 21 million, almost the lowest on the market at the moment, of the Galaxy Note 20 Ultra 5G version will motivate users to shop for the summer dip, the upcoming ceremony at the system ”. At 21 million, this is still the optimal choice when Note 20 Utra is still a high-end device with a typical square design. The 6.9-inch 2K + screen is super sharp, the performance is good for current tasks, and the device has also updated to One UI 3.1 on the latest Android 11 platform. Fully support smart features with Spen pen on 120Hz Super AMOLED screen. In particular, the main camera of the 108MP camera is enough to meet all the needs of shooting and recording for family and relatives, when the summer or holidays are coming. Finally, buying high-end machines in 2021 is to fully support 5G networks, just catching up with the trend and still possessing the best price. It is expected that at this price, the Galaxy Note 20 Ultra 5G version will create a breakthrough in purchasing power in the next few days, with limited quantity during the hotsale time. Interested users can consult an exclusive price of only 21 million at CellphoneS.

After the slogan “Shoes are not fried” was called out by the platform again, the minibus of the shoe-fried shoemaker typed “Hehe”.

Recently, The limited edition Li Ning sneakers were fired up to 40,000 yuan a pair on the trend trading platform Dewu, and they were removed from the Dewu App and the transaction account was blocked. , The madness and danger of fried shoes has once again attracted the attention of the public.

The last time I was severely hit was in October 2019. The central bank issued a document warning of the financial risks behind the “shoe speculation fever”, including naming and criticizing the trendy shoe trading platforms such as Dewu, nice, stock, and 95 points. At that time, Dewu (formerly known as “Poison App”) and Nice issued a statement that “shoes should not be fried”, but only from the interaction on Weibo comments, netizens did not buy it.

Image source: Weibo screenshot

After a year and a half, the platform once again made a sound of cracking down on fried shoes. Will the market for fried shoes cool down?

Since Li Ning’s sneakers were fired in early April, reporters from the “Daily Business News” interviewed more than ten senior shoe speculators with a long “shoe age”. They generally believe that: The shoe market is temporarily calm, but driven by interests, brand owners, trading platforms, and shoe buyers are still at the “card table”, and the shoe market will not be quiet.

The rise of platforms, opening up the C2C market

Retail investors flood into the “secondary market” of sneakers

In the post-80s to post-95 youths, wearing a pair of Nike and Adi sneakers will automatically “walk with the wind” to gain the capital to show off in the class. NBA enters China, “Slam Dunk” is popular, basketball has become a national sport, and “shoe culture” also has soil in China.

Recalling when he was in middle school, Zhou Shou felt that there were only three things that attracted the attention of others, “playing well, studying well, and looking handsome”, but he didn’t account for the same. Until one time, when he went to school wearing a pair of Nike shoes, he unexpectedly discovered that he was part of the group.

“Going back to the early stages of users, especially in China, students can best demonstrate their individuality in shoes.” Yang Bing, born in Jiangxi in 1986, said in an interview that he has developed a strong interest in basketball since middle school. Like other basketball enthusiasts, good sneakers are what he dreams of.

With interest and business opportunities, Yang Bing and Zhou Shou started their business when they were in college. The former founded the sports information website Hupu and derived it, and the latter founded nice. These two apps quickly developed into the main platform for online sneaker trading, and the business rooted in sneaker culture began.

Image source: Screenshot of Dewu APP

Before these two platforms came out, the sneaker enthusiast Hu Ge mainly bought shoes through the forum. He still retains the bbs website that he used before, although it is now a link that cannot be clicked. “At that time, you had to leave a message in the forum to buy shoes, add QQ to other people, make appointments for offline transactions, and also look at the credibility of the other party.” Brother Hu told reporters.

After Dewu, nice and other apps that carry trendy shoe trading functions are launched, the threshold for buying and selling sneakers has been lowered, and the threshold for frying shoes has also been lowered.

“Before there was a platform, there were transactions in private. Everyone made profits by their own ability.” The shoemaker minibus revealed to reporters, “After the platform appeared, disputes about transactions, such as disputes over defective shoes, were reduced. It’s easier to trade.”

“If the brand sells limited editions, wholesalers get the goods and then sell them to agents, it is the primary market for sneaker trading; then countless retail investors frequently buy and sell sneakers through the platform, which is the secondary market for sneaker trading.” Five-year-old Xiaoyi said, “When I first entered this industry, there was no platform. To buy shoes, you must have dealer resources to get the goods; to sell shoes, you must also have customer resources to ship. The platform has opened up a C2C market. You don’t need to have shoes on your hands, you don’t need to have customers on your hands, you can plunge into the heat of frying shoes.”

In Xiaoyi’s view, the platform has promoted the “shoe-fried shoe fever.” “In 2016 and 2017, I used AJ shoes with discounts, and now there are no discounted shoes. Because of the large number of people playing, the high popularity, and the high demand, the price naturally rises. I can say that the price of sneakers fluctuates like this. It’s so big, 80% of the reason lies in the platform, which gives the public link the entrance to fry shoes. Before the information was blocked, there were few people participating, and there were not so many “downs” in the middle. Now anyone can buy and sell frequently on it, and the number of flips increases, and the price will definitely come up. ”

“Great God” earns one million a month, buys luxury houses and luxury cars

No amount of financing risk can withstand the temptation to make wealth

In order to improve transaction efficiency, the American shoe speculation platform took the lead in launching the Adi, Nike, and AJ index, and nearly ten domestic shoe trading platforms followed suit. Sales charts, ups and downs, price curves…The data that the platform beats is money that never tires, and it stimulates the nerves of players all the time.

At the craziest time, some small platforms even sold sneaker tickets. Retail investors can buy 0.3 pairs of AJ and 2.5 pairs of Adi, and sneakers have completely become virtual securities products. Small loan companies also ran into the market to provide instalment and leveraged services for the shoe speculation platform. The financial snowball of speculation shoes is getting bigger and bigger.

And no matter how high the financing cost and the big financing risk are, it can’t resist the temptation to create a rich myth by speculating shoes.

Image source of Nike stores: Photo by reporter Zhang Jian

“In more than three years, I have made more than 1 million yuan in shoes.” Li Da, who entered the shoe market in 2018, has established his own supply channels in just a few years and has many fixed merchants downstream. When business is good, Li Da can sell two to three thousand pairs of shoes a day. “For example, the AJ bargain that was very popular before. The price I got was 4,000 yuan/pair, and I sold it to merchants at 10,000 yuan. A pair of net profit was 5,000 or 6,000.”

“I’m still earning less.” In Li Da’s mind, the “great gods” in the industry are those “predecessors” who earn millions of dollars a month to buy luxury houses and luxury cars through their shoes.

When he first entered the industry, Xu Huan was also making money. “By directly collecting sneakers at the sale site, I made a small profit of more than 20,000.” Xu Huan recalled to every reporter that since then, she has been out of control. Without a stable source of front-end supplies, she can only sell in the secondary market. Get shoes at a higher price.

Sneaker resale platform trading volume source: nice APP screenshot

“I don’t know how many times my shoes have turned hands.” After the sneakers were priced up layer by layer, Xu Huan’s profit was meager. In order to make another charge, she began to borrow money from people around her, and she had nowhere to go. After borrowing, they will add leverage to third-party institutions in the form of installments to continue to fry shoes. “Ribunli, now I can’t support it anymore.”

Xu Huan did not disclose the specific amount owed, but she said that she has been unable to repay her debts by frying shoes, and now she has decided to withdraw from the shoe market. “The risk of speculating shoes is high, and once the capital chain is broken, I will lose my money. I understand all these principles, and I blame me for being too young.”

In the shoe market, some people make a lot of money, while others lose money. In Xu Huan’s view, the platform is always the one that makes steady profits without losing money.

Every time the reporter noticed, considering a pair of sneakers priced at 3477 yuan, if you sell on nice, you need to pay 1.2% of the share to the platform, or 41.7 yuan; and for the goods, you need to pay a 5% share to the platform. , Which is 173.82 yuan. However, there is a “cap” on the commission for the goods. When the transaction amount reaches 5,000 yuan and above, the platform share is fixed at 249 yuan. How exactly is the commission rate for gains determined? Every time the reporter asked about getting things, but as of press time, no response has been received.

Nice (left) and Dewu commission comparison. Picture source: Photo courtesy of the respondent

There are also shoe speculators who believe that platform commissioning is not a big problem. “If you don’t have something, nice, where would you go to sell it? (Fried shoes) have already made so much, so don’t worry about the platform’s share. No matter it is the 5% handling fee or higher, I can accept it. “Shoe-fried shoemaker Ahao told reporters that the handling fee for trading sneakers on overseas platforms is higher. “A pair of more than $250 shoes will cost about $30.”

No matter how the market for frying shoes changes, whether it is a high price or a sharp drop in the dive, the shoe fryers need to take risks, but the platform is a stable commission “driving and flooding to ensure income.” Zhang Yi, founder and CEO of iiMedia Consulting Group, pointed out in an interview with reporters that after deducting promotion and operating costs, “the platform is still profitable.”

Image source: iiMedia Consulting

You can grab 200 pairs of sneakers at one time

The robot is the “efficient” ordering program

Those who don’t want to become “leeks” know that for those limited editions with hype value, taking shoes from the “secondary market” means that the price may have been overturned several times. In the “primary market” that is the source of the brand, the cost will be lower if the goods are bought at the selling price.

But getting goods from the “primary market” is not easy. Through open channels, the brand’s limited edition sneakers are as difficult as buying a house lottery. To pass the online lottery, after winning the lottery online, you have to draw another lottery offline before you can finally be eligible for purchase.

In order to increase the “lottery winning rate”, shoe speculators have long used the “scratch plug-in”. “The main purpose of using plug-ins is to receive reminders before the sneakers are sold, so that they can raid the sale pages more accurately and quickly.” Ahao told reporters that there are many free plug-ins in 2016 and 2017, but The charging mode is now open. “The one-stop membership system is about 25 to 35 yuan per month.”

Using plug-ins to grab shoes can only be said to be a step ahead, but whether they can be grabbed and how many can be grabbed in the end is unknown. This has prompted the industry to evolve a more advanced gameplay-robot grabbing shoes.

“Our team’s channels are abroad, and they mainly use robots to grab shoes, and they can grab about 200 pairs of sneakers at a time.” According to Ahao’s description, the robot is equivalent to an “efficient” order processing program. The use of robots can help shoe speculators improve the efficiency of grabbing shoes on overseas official websites when sneakers are on sale.

Nowadays, even the price of robots has risen, and it has become a limited amount of sweet pastry. “There are good robots both abroad and domestic, which is equivalent to selling you an ID, and you have the authority to pay for the ID.” Ahao said, “ The current price of robots ranges from 2,000 yuan/unit to 130,000 yuan/unit, most of which are still between 20,000 and 50,000/unit. With robots, regular renewal is required. In fact, the original price of the robot is not that expensive, but it is basically impossible to buy it now, so there is a high premium. ”

From plug-ins to robots, tools for fry shoes are also being fired.

There are a large number of second-hand sneakers transaction information on the platform. Image source: APP screenshot

In fact, in terms of production links, the sneaker manufacturing industry, which has already been industrialized and mass-produced, basically does not have the problem of technology and capacity supply. But for the brand, selling high-end limited edition sneakers can increase brand value. Scarcity brings “nobleness”, and a game of “hunger marketing” has been played since the beginning.

Take a domestic brand sneaker that has recently been pushed up in the secondary market. The shoe vendor Xiaoye discovered that the store where he often took the goods quickly controlled discounts. “We used to get a 40% discount on shoes, but now we can only get a 20% discount, and there is even no discount. When we get the shoes at the original price and put them on the secondary platform, the price will definitely be higher than before.”

“Later I couldn’t get the shoes at all, and I just asked if I didn’t. Now the store manager just likes to answer, and he sends a message to reply four or five sentences a day. He said that he would sell my shoes at a discount, but in the end they were all released with pigeons, or just “Original price.” Xiaoye vomited, “When I asked for the first time, she said that the store was too busy; the second time, she said that she would consider it, and only the third time she agreed to give me some.” In short, as the prices of certain brands have risen. In order to get shoes that were not so popular before, the shoe-fried shoemaker needs to grind hard and soak with the brand channel.

In Xiaoye’s view, the brand can bear the blame for the price increase of sneakers in the secondary market.

Shoe-fried people are mostly Generation Z

The borders of emerging markets are ambiguous, and supervision is almost blank

The more people interviewed, the harder it is to define each individual involved in shoe-making with a simple “black” or “white”. For example, a minibus whose side business is to fry shoes. His hobby is to study sneakers. “If the price of my hoarded sneakers goes up, the reason for being happy is not just making money, but it also proves that my vision has been affirmed. If I fall severely, I usually wear them myself.”

In this emerging market with ambiguous borders, rules and supervision are almost blank, traps and scams are proliferating, and every shoe speculator will encounter big and small “pits.”

Chen Ru, who only stepped into the “shoe circle” in 2019, “for a time doubted his commercial ability.” Every time the reporter interviewed more than a dozen shoe speculators, most of them were born in 1995 or even after 00. Chen Ru is a middle-aged man with decades of business experience.

“At that time, for investment immigration, I set up a trendy brand store and opened fire. After returning to China, there was nothing wrong with me. I felt that I could do a good job in frying shoes. The amount of money invested in a shoe alone was quite large. I became famous because I lost tens of millions.” Chen Ru told reporters.

Li Ning Sports Brand Image Source: Photo by reporter Zhang Jian (data map)

“I have been trading in the secondary market for luxury goods very early, and the hype price of Rolex’green water ghost’ far exceeds sneakers. But we are basically dealing with mature businessmen. When I placed an order, a watch was worth 70,000 yuan. Even if it was up to 75,000 yuan when it was delivered, normal suppliers would basically hand it over to me at the original price. But these little friends who fry shoes will “pigeon” you without any shame. “

“He (Chen Ru) was deceived by the’pigeon’, and I was deceived directly.” Xiaoyi, a shoemaker sitting next to Chen Ru, said to every reporter: “I once gave people money to get the goods, but they took the money and didn’t ship the goods, so they just rolled the money and ran away.”

Later, the middleman who ran away was arrested. He defrauded a total of more than 6 million yuan, and 1 million yuan from Xiaoyi. And this middleman is just a 21-year-old young man. “With millions in his hand, he can’t control so much money. He may have squandered it. He didn’t realize that this kind of deceptive behavior would bring himself more than ten years of imprisonment.”

Young age, weak legal awareness and risk awareness, these are common problems existing in mainstream shoe speculators.

And what responsibilities does the platform have to shoulder in it?

In 2019, after being named by the central bank as the “financial risk of speculating shoes”, nice issued a statement to comprehensively rectify speculation on the platform, including: offline and shutting down the transaction curve, increase list, and sales list; clear the guide in the community , Content and comments that instigate fried shoes.

On April 14th, every reporter opened nice and saw that the sales curve, the increase list, the sales list, and the comments in the community have already made a comeback. Regarding the content displayed on the nice platform, every time the reporter inquired about the nice aspect, as of press time, no response has been received.

Image source: Screenshot of the trading platform

In fact, if the platform wants to monitor the speculation of shoes, the easiest way is to monitor those shoes whose prices fluctuate particularly greatly. “The obvious deviation from the normal brand premium is caused by the hype premium.” Xiaoyi said. “But I think the most important thing to reflect on is that those who come in with a sense of wealth and speculation will not lose money on shoes, but they will also stumbling on others.”

(In the article, the interviewed shoe buyers are all pseudonyms)

Reporter’s Notes | Beware of the aging of the fried shoe market

Generation Z is a buzzword, it seems that once something is grafted to “Generation Z”, it seems a little bit of magic.However, when the shoe-fried shoes meet the Z generation, it is a phenomenon worthy of vigilance.

It is true that on the sneaker trading platform, ID cards are required to be uploaded, and registration is not allowed under the age of 18, but there is no shortage of middle school students who are keen to fry shoes under the age of 18.

Even if they are between 18 and 21 years old, most of them are undergraduates who have not yet graduated. They do not yet have a stable source of income, where does the principal of the shoes come from?

Liu Yonghao once said that his son also invested in the sneaker business and invested 20,000 yuan, but the other party ran away. Liu Yonghao felt that this was a good business education for his children.

The problem is that not every young person comes from a wealthy family, and the greed that cannot stand the temptation of wealth and profiteering is human nature. At this time, if high-interest Internet lending methods that can be mortgage-free are opened to them, once there is a runaway The collapse and the financial snowball are the students who lack the ability to resist risks.

reporter:Ding ZhouyangDu Wei Shu Dongni

Intern: He Qiwei

Editor: Dong Xingsheng Song Hong

Video Editor: Zhu Xingyun

Vision: Zou Li

Typesetting: Dong Xingsheng Ma Yuan

Daily economic news

ByteDance, Baidu and CTrip are committed to ensuring fair competition. Photo: Reuters More than 20 leading Chinese technology companies have publicly pledged to adhere to antitrust principles, after regulators asked them to pay attention to the record penalty for the “giant” e-commerce. Alibaba. In a series of separate statements published by the China Market Regulatory Authority on April 14-15, some of the country’s biggest tech brands – including ByteDance, Baidu and CTrip – pledged will “ensure fair competition”, “do not abuse a dominant market position” and “do not conduct unfair pricing practices”. The pledges come after regulators summoned 34 technology companies on April 13 and asked them to “rectify” any unfair non-competitive practices, and pay attention to in the case of Alibaba. Companies have one month for full reform, after conducting internal audits and adjusting practices that compromise fair competition. Ride-hailing service Didi, video streaming platforms Kuaishou and Bilibili, as well as e-commerce company JD.com were among the parties that have made a public commitment since that meeting. JD.com said it will not force “choose one of the two” behavior on its retailers – where merchants are required to work on only one platform, not on a competitor platform. . This is the policy that Alibaba used to apply. In its statement, Didi pledged that unless necessary for regular business operations, the company will not illegally collect or misuse customers’ personal information. Last weekend, Chinese regulators fined Alibaba up to $ 2.78 billion after a months-long investigation found the company abused its dominant position in the market. Alibaba and JD.com, along with games and messaging app giant Tencent, have greatly benefited from the increasingly technological lifestyles in China and the absence of major U.S. competitors. But as these platforms with hundreds of millions of regular users are growing, public opinion is increasingly concerned about the problem of user data that these companies collect over the long term. According to observers, China has put domestic technology companies on the target to limit the reach of private companies to the daily financial activities of its people. That move could curb their dominance.

The real Korean New Year is also one of the major Tet holidays of Vietnam, especially for the people in the North. Traditionally, on this day, people would eat cold dishes (“real welding” means “cold food”). And floating cake, vegetarian cake is an indispensable dish.

Among the floating cakes and vegetarian cakes, perhaps the Sau Sau shop on Ngo Thi Nham street is one of the places that attracts the most buyers. Part because it is in the center, partly because the quality of the cake here has been verified over many years.

This morning (March 3 of lunar calendar), not out of prediction, was only from 7:00 am to 8:00 am, but customers lined up to buy it. To be able to have enough cakes to sell, this tea shop also arranged “team” to make cakes right “at the match”. The person kneading the cake always, the person boiled the cake and picked it up continuously, the customers also went in and out.

The real Korean New Year, the streets of Hanoi also seem more bustling than usual. Everyone has to try to buy with a plate of floating cakes, a bowl of vegetarian cake to eat in this day, otherwise there will be something missing. And the images of baking, then queuing to buy cakes have become one of the typical cultural features of Hanoi in this day, every year there is no shortage of them immediately.

As noted, the shopping atmosphere at the local markets is much more bustling than this day. The owners said that the customers went to buy vegetarian cakes from early. Therefore, most of the shops have to prepare, even stay up at night to make a large quantity in advance to sell to customers.

Many consumers line up to buy floating cakes, vegetarian cakes for the real Korean New Year.

The batches of floating cakes – vegetarian cakes are neatly cut into plates and sold to customers.

At the vegetarian cake shop, the housewives hurriedly buy the goods, making the atmosphere very exciting. Every row of floating cakes must have 2-3 people to serve. Prices floating cakes, vegetarian cakes today are still the same price compared to normal days.

A plate of floating cakes costs 7,000-10,000 VND. A vegetarian cake is about 10 to 15 thousand dong more expensive, depending on the size of the plate. In addition to buying floating cakes and boiled vegetarian cakes, many housewives also buy ready-made cake dough to go home to cook for themselves.

At popular markets, the number of customers coming to buy is not too crowded, but the stalls selling floating cakes and vegetarian cakes are continuously molded to provide goods because online orders are still coming back.

In addition to selling floating cakes, ready-made vegetarian cakes, consumers can also buy floating cake dough and ready-made ingredients.

In addition to the traditional white flour, there are also five-color vegetarian cake dough.

Floating cakes are sold in combo, two trays have a preferential price of 15,000 VND and buy a single tray with the price of 10,000 VND.

Thanh Ha, 30 years old in Nguyen Trai, shared: “We have to take advantage of our free time and run right away to go to the market to buy things for the offering tray. This morning I still had to work at the company, so I got up early to buy 5 plates of floating cakes, go vegetarian, buy a chicken, some fresh fruit and gold money for my mother-in-law at home to make a tray of rice to worship our ancestors today. Today, even though it is the real Korean New Year, the food prices have not increased so it’s easy to buy.

Women who do not have time to make dough can also quickly buy a box of fresh glutinous rice flour to make cakes and vegetarian cakes. These flour packages include all ingredients such as flour, sugar, green bean paste, sesame, grated coconut, canned five-color cake … Offering family offerings.

The ingredients are fully sold for home-home buyers.

The batches of cakes are continuously made evenly by the small trader to provide for customers.

Not only at local markets, but also shops must quickly and quickly close applications and sell them to customers continuously.

This year, many housewives prefer to order online at home instead of going to the store to buy.

According to Ms. Hoang Lan, owner of a floating cake shop, vegetarian cakes shared: “In addition to selling floating cakes, vegetarian cakes, my family also sells five-color cakes, and su Su cakes to serve the needs of customers.

I only sell for 3 days, starting from the 1st to the 3rd of the 3rd lunar month. The total amount of flour for baking and selling in 3 days is up to 5 quintals. In which, 3 weights for me to mold the cake to sell, and about 2 weights of flour to sell to customers to make by themselves. Because the amount of cake sold is too much, it is impossible to count how many plates, we only know that this season, we make 0.5 tons of cake dough.

Vegetarian cake floating cake costs 10,000 VND / box, Choux pastry is 20,000 VND / box. On the days close to the Korean New Year, due to the sudden increase in the number of visitors, I have to mobilize my husband, children and brothers to help grind the flour, divide the flour, pack, mold, boil the cake to deliver it to customers in time “.

In addition to floating cakes, the shops also sell five-color chayote cakes at the price of 20,000 VND / tray.

Five colors sticky rice has the same price as 10,000 VND / tray.

Floating cakes, vegetarian cakes today are more diverse in colors. Not only is the traditional white color but also purple, green from pineapple leaves, red from Gac, yellow from gardenia.

Green bean cake beautifully shaped, selling price 10,000 VND / tray.

Vegetarian Banh Bao is available for 80,000 VND / big bag, or for retail for 2,000 VND / piece.

An Nhien Coffee Tea Joint Stock Company with Anni Coffee brand was established and joined Amazon e-commerce floor in 2013. Revenue and customers from this e-trading floor account for 80% of the company’s sales; Growth rates are maintained from 60% to 100% per year. Green Diamond Production and Trading Joint Stock Company with the brand name Light Coffee also participates in the international e-commerce trading floor of Alibaba and has achieved many positive results in business activities.

Livestream connects with many customers to help businesses increase sales efficiency and reduce costs.

In the context that the world economy is affected by the Covid-19 pandemic, the participation in international electronic trading floors helps businesses connect with customers around the world.

Mr. Kuo Yiling, Chief Representative of Asia-Pacific of Alibaba said that Vietnam currently offers over 600,000 products on Alibaba. On average, these partners receive over 50,000 quotation requests from around the world each day.

Customer care and international transactions through e-commerce floors at a tea and coffee exporting enterprise in Ho Chi Minh City.

Mr. Kuo Yiling assessed that Vietnam has the ability to provide competitive goods on international e-commerce floors.

“Alibaba has approached and accompanied many partners in Vietnam for more than 10 years. The number of reputable suppliers from Vietnam has increased rapidly since the first days. We see Vietnam has a great potential for globalization, with the ability to provide competitive goods and the quality of the staff becoming more and more proficient, ”said Mr. Kuo Yiling.

How rich is Bezos? Just two months after spending $ 34 billion as a divorce agreement with his ex-wife, he “aggressively” swung $ 80 million for three apartments located on three consecutive floors in an apartment building in New York.

After that, he continued to spend $ 16 million in exchange for the 4th floor for his apartment on 5th Avenue, with about 15 bedrooms, 14 bathrooms, a cinema room, a game room, a room. exercise and even a golf course.

In addition, Bezos also spent $ 7.6 million to own 3 luxury apartments in a building across from Central Park. In February 2020, he was shocked when he bought the “terrible” mansion of entertainment tycoon David Geffen in Beverly Hills, California for $ 165 million. The real estate has an area of ​​more than 1,250 m², a spacious garden, with 8 bedrooms, 9 bathrooms, tennis court, swimming pool and a 9-hole golf course.

In 2007, he spent $ 24 million on a Spanish-style mansion with 7 bedrooms, 7 bathrooms and a garage that can hold 6 cars. Ten years later, the owner of Amazon bought another 424-square-meter house right next door for $ 13 million.

The world’s top billionaire also spent $ 23 million to buy textile museums in Washington DC. He continued to buy the house next door to turn the museum into a residence of 2508 square meters, also the largest house in the city.

When Bezos arrived in Seattle, he could choose to live on one of the two riverside properties in Medina, Washington. There, he spent $ 10 million on a five-bedroom and four-bathroom house on Lake Washington. His mansion nearby costs $ 53 million.

His largest property is believed to be a 37,161 m² corn farm in Van Horn, Texas. This place is being used as the headquarters for Blue Origin.

Head office of LienVietPostBank. (Photo: Vietnam +)

Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank – stock code LPB) achieved a pre-tax profit of VND1,112 billion in the first quarter of 2021, nearly double the same period last year.

This is the quarter with the best business results ever, even exceeding the profit of some previous years of operation of LienVietPostBank.

In addition, by the end of March 31, total assets of LienVietPostBank reached more than 245,200 billion, up over 20% over the same period last year. Capital mobilization from economic organizations and individuals continued to grow well, reaching nearly VND206,300 billion, in addition, outstanding loans from this sector reached over VND 183,100 billion, an increase of more than VND 6,100 billion compared to the end of the year. 2020.

Notably, the proportion of retail growth in credit growth in Q1 reached more than 80%, indicating a consistent orientation of the bank towards the retail segment.

In the insurance segment sold through the banking channel (Bancassurance), LienVietPostBank is among the top commercial banks with the highest sales in the market. Along with the efforts in business and service development, by the end of the first quarter, LienVietPostBank’s net service revenue reached VND 162 billion, an increase of nearly 70% over the same period last year.

On the HOSE, stock LPB is in the group share had the highest market price growth in Q1, up nearly 40%, from 12,400 VND / share in the trading session on 31/12/2020 to 17,350 VND / share in the trading session on 31/3 and now is reaching the price of nearly 19,000 dong / share.

In mid-March, credit rating agency Moody’s upgraded LienVietPostBank’s outlook to “Stable.” This result reflects the bank’s financial capacity, good risk management and long-term development opportunities.

According to the plan, on April 29, LienVietPostBank will hold the Annual General Meeting of Shareholders, it is expected that this year, the bank will set a plan. profit before tax is 3,200 billion. Thus, with the first quarter results reaching 1112 billion, LienVietPostBank has fulfilled about 35% of the profit target in this year’s business plan./.

Retail consultant Mary Portas was among those calling for the stimulus package.

In the UK, celebrities such as retail consultant Mary Portas, beauty magnate Charlotte Tilbury, fashion designer Charlie Casely-Hayford and Henry Holland were among the callers of Main’s stimulus package. covered. The new aid package should be structured similarly to the restaurant bailout package in the summer of 2020, they said.

Specifically, the Government has paid 50% of the cost of goods purchased at stores with less than 10 employees and capped at £ 10, with rollout times from Monday to Wednesday, taking place during round a month this summer.

Independent stores have been hit hard by the pandemic, says Ross Bailey, founder of the “Street rescue” campaign and chief executive of retail rental market Appear Here. In particular, it is estimated that retail stores of non-essential goods, mainly independent stores, lost £ 22 billion in sales by 2020, with the number of customers down 40%.

Often, family-style small businesses can’t adopt plans for employees to take temporary leave because there are still a small number of online orders that need to be processed, Bailey said.

According to statistics, the UK has more than 11,000 stores that have permanently disappeared from the streets and shopping malls by 2020. Meanwhile, online shopping, mushrooming during the pandemic. The figures show that 38% of retail sales were done online in February, up 18% from last year.

To resolve the above situation, recently, the British Minister of Finance Rishi Sunak announced, retail stores can extend the business tax reduction until July.

Previously, the British Government also announced that retail stores could reopen from April 12, 2021, and could sell until 10 p.m. and six days a week. This is a move to save the British government’s retail stores after months of closure.

However, Ross Bailey, founder of the “Street Rescue” campaign, argues that more substantial intervention is needed: “With the right support, independent stores can thrive. Otherwise, we will lose community cohesion, where transaction is based on human connection and experience, which is hard to replace online transactions, ”affirmed Ross Bailey.

“Investment Times” researcher Lu Gong

Founder Huang Guangyu returns. Can Gome Retail Holdings Limited (00493.HK, hereinafter referred to as Gome Retail) return to its original market position?

On the evening of April 7, 2021, Gome Retail held a global investor conference call. The founder Huang Guangyu, who has been silent for 12 years, made his public debut for the first time and attended the meeting. On the same day, the Gome stocks went viral, and Gome retail rose more than 10%.

However, starting from the next day, Gome’s retail stock price has fallen all the way down. As of the close on April 13, the stock closed at HK$1.31, a 21.6% drop from the closing price on April 7.

It is worth noting that a few days before the conference call, Gome Retail just disclosed its 2020 annual performance report. According to the report, Gome Retail’s full-year operating income in 2020 further narrowed to 44.119 billion yuan, a decrease of more than 15 billion yuan compared with the same period of the previous year; the net loss attributable to the parent also expanded to 69.94 billion yuan from 2.59 billion yuan in the same period of the previous year. 100 million yuan.

The former Gome retail has long occupied the top position of home appliance chain stores, until 2008, its performance plummeted. Suning.com (002024.SZ), the emerging e-commerce platform Tmall, Jingdong (JD.O), and Pinduoduo (PDD.O) continue to expand. After entering 2017, Gome Retail, which relied on offline and continued to shrink revenue, also fell into a loss situation, and lost nearly 15 billion yuan in just four years.

Whether Huang Guangyu’s return will lead Gome retail to turn losses into profits and restore its original market position is still unknown. In response to the relevant situation, the “Investment Times” researcher e-mailed the outline to Gome Retail, but as of press time, no response has been received.

Loss of nearly 15 billion in four years

As a giant of China’s home appliance retail chain, Gome Holding Group owns 5 listed companies. Among them, Gome Retail is expanded on the basis of Gome Electric, and it is also the company with the earliest listing time and the largest volume among the Gome listed companies.

It is worth noting that the special circumstances of the founders in 2008 caused a major blow to the Gome Holding Group and its subsidiaries. Since then, Gome retail has gradually fallen into a downturn. Coupled with the impact of the epidemic in early 2020, Gome’s retail performance continued to decline.

According to the company’s 2020 performance report data recently disclosed, its 2020 revenue has further narrowed to 44.119 billion yuan, a decrease of 25.83% from the same period of the previous year; the net loss attributable to the parent has increased by 170.05% year-on-year, from the previous year. The 2.59 billion yuan in the same period expanded to 6.994 billion yuan.

It is worth noting that this is the fourth consecutive year that Gome Retail has lost money.

“Investment Times” researcher combed the company’s financial report data in recent years and noticed that from 2017 to 2019, Gome retail lost 450 million yuan, 4.887 billion yuan and 2.59 billion yuan respectively. In addition, in 2020, it lost nearly 14.921 billion yuan in four years. At the same time, the company’s revenue scale has also narrowed from 71.575 billion yuan in 2017 to 44.119 billion yuan in 2020.

In addition, although Gome Retail’s marketing expenses and administrative expenses will decrease in 2020, the year-on-year decrease is 24.28% and 14.91% respectively, but since the decrease is not as fast as the company’s revenue in the same period, the company’s sales cost in the same year accounted for the company’s total revenue. The proportion of the same period last year increased by 5.01 percentage points from 84.68%, reaching 89.69%.

The comprehensive gross profit margin of Gome Retail also fell by 5.01 percentage points from 15.32% in the same period last year to 10.31%. Regarding the decline in gross profit margin, Gome Retail explained in its financial report that it was mainly due to the company’s large-scale promotion through different online and offline channels and live broadcasts during the epidemic. He said that in the second half of 2020, the company’s gross profit margin has gradually picked up.

Gome Retail’s net profit attributable to its parent in the past two decades

Data source: Wind

Market share is less than 6%

“Investment Times” researcher noted that as early as 2010, Gome Retail tried to deploy the e-commerce field and launched its e-shopping website Gome Online Mall. Two years later (2012), it acquired the e-commerce site Couba.com.

However, since Gome Retail appeared on the market in 2012 and lost money for the first time, it chose to focus more on the offline home appliance business. Although in 2013 Gome Retail officially announced the integration of Gome’s online shopping mall and Cooper, and renamed it Gome Online, for a long time thereafter, the company still focused its main battlefield on offline sales and increased its expansion. The number and scale of stores. As for online sales, they only play a role in supplementing the company’s offline stores.

At the same time, the e-commerce track is getting crowded day by day. Alibaba (BABA) has successively deployed in retail, finance, logistics and other fields; JD.com focuses on building supply chain and logistics to prepare for subsequent e-commerce sales; Suning.com is also accelerating online and offline integration and mutual empowerment. Fully transform the online platform.

Gome Retail, which missed the opportunity to enter the e-commerce platform track, began to devote itself to new retail in 2017, and successively proposed the “6+1” new retail strategy and Gome’s “Home·Life”. In the first half of 2018, the “Shared Retail” strategy was launched.

However, traffic is not on the side of Gome retail. According to data from the China Electronics and Information Industry Development Research Institute, in the first three quarters of 2020, JD.com is still the leading retailer of household appliances in China, with a market share of 26.67%; Suning.com and Tmall have 20.98% and 15.40% of the market respectively. The proportion is closely behind; and Gome retail only gets 5.18% of the market share.

Today, Gome Retail’s revenue in 2020 is even less than 20% of Suning Tesco and less than 6% of JD.com. According to financial report data, Suning.com and JD.com achieved operating income of 259.459 billion yuan and 745.8 billion yuan respectively in 2020.

In addition, the market value of Gome Retail’s company has also been left behind by new and old competitors. As of the evening of April 13, 2021, the market values ​​of JD.com, Pinduoduo and Suning Tesco were as high as US$123.314 billion, US$165.738 billion and US$64.146 billion respectively. At this time, the market value of Gome Retail was only HK$31.221 billion.

Can the original market position be restored?

In the context of market share being squeezed, Gome retail is back on the line of layout.

Entering 2020, Gome Retail first teamed up with Pinduoduo and JD.com to try to promote the online transformation of Gome Retail through their platform traffic advantages; later, they tested the “full-chain business model” and launched the “store” channel on the Gome APP. , Cooperate with CCTV, live broadcast the goods.

Under the influence of the epidemic in early 2020, the home appliance retail industry has been hit harder and its performance has slowed overall. According to the “Report on China’s Household Appliances Market in 2020”, the retail sales of the household appliance market in 2020 decreased by 6.5% year-on-year to 833.3 billion yuan. Among them, the sales of home appliances in offline channels dropped sharply by 21.13% year-on-year to 413.4 billion yuan; while the retail sales of online home appliances increased by 14.48% year-on-year.

At the same time, in 2020, the proportion of online retail in the retail sales of the overall home appliance market will increase from 41.17% in 2019 to 50.4%. This is the first time that the annual penetration rate of online retail has exceeded 50%, and it is evenly matched with offline home appliance retail channels. Therefore, it has also strengthened Gome’s determination to reorganize its retail online and transform and upgrade. The founder Huang Guangyu also proposed “strive to restore the original market position within the next 18 months.”

However, it should be noted that for the above-mentioned frequent online transformation of Gome Retail, industry analysts believe that the cooperation between Gome Retail, JD.com and Pinduoduo is likely to further segment the company’s online traffic. Coupled with the continuous mergers and acquisitions of offline channels by online retail giants in recent years, it may further erode the offline market share of Gome Retail. From this point of view, Gome still has a long way to go in reorganizing online, offline, and driving transformation and upgrading.

(Photography by Jin Xiaoyan)

While the wine industry is still in the original development stage of the traditional wine chain, problems such as many intermediate links and lengthy supply chains have caused market chaos with constant fraud and a mixed bag. It was in that primitive age that the liquor e-commerce companies that have since emerged. At the beginning of the rise of these liquor e-commerce companies, Jiuxian.com, established in 2009, undoubtedly picked the first peach.

In addition to online e-commerce, Jiuxian.com officially deployed offline retail channels in 2017 and realized the integration of omni-channel liquor retail online and offline. This also allowed Jiuxian.com to try the confidence brought by the dividend period. In 2015, Jiuxian.com was in the new The company was listed on the third board, but within two years, the company was issued a warning letter by the equity transfer company in the first half of 2017 due to the delay in disclosing the annual report on time, and the listing was terminated at the end of June 2017.

In the upsurge of wine companies going public, after a four-year period of silence, Jiuxian.com recently chose to IPO again. Jiuxian.com has been financing multiple rounds over the years. Prior to this, Sequoia Capital, Oriental Fuhai, Woyan Capital, Huaxing Capital and other institutions also invested more than 1 billion yuan in Jiuxian.com. In recent years, Jiuxian.com has continuously tried new sales models, such as live broadcasts spawned by the epidemic last year, but the problem of profitability has been plagued.

The earliest liquor e-commerce

On April 8, Jiuxian.com mentioned in the GEM prospectus disclosed by Jiuxian.com that relying on its own sales channels and operational capabilities, the number of SKUs for sale on Jiuxian.com’s platform exceeded 20,000, covering more than 1,500 brands in 26 countries around the world. Covers all types of liquors such as white wine, wine, foreign wine, rice wine, and health wine.

Jiuxian.com believes that in the traditional liquor circulation chain, due to the many intermediate links, the long supply chain, and the lack of a branded chain retail platform, the products purchased by the end consumers are often products that have been increased in price. At the same time, due to the market A mixture of fish and dragons, and counterfeiting have long plagued consumers. In this context, consumers pay more and more attention to channel brands, and at the same time, a number of leading alcohol retail companies with brand effects have been born. “As one of the first companies to enter the liquor e-commerce industry, Jiuxian.com uses Internet technology to empower the industry chain, innovate traditional liquor circulation business, deeply integrate online and offline omni-channel + full-category operation models, and effectively solve current consumption The pain point of the purchaser of alcoholic products.”

If you calculate that Jiuxian.com has been in existence for more than 10 years, in 2009, Jiuxian.com entered the liquor Internet retail industry. In 2017, the company formally created a brand chain retail with a strong management model, realizing the integration of omni-channel liquor retail online and offline. , And gradually established two types of offline chain stores, “Jiuxian.com International Famous Wine City” and “Liquor Coming” by way of franchising, and develop brand chains with large stores in small cities, small stores in big cities and different investment strategies.

It is understood that at present, Jiuxian.com’s online channels mainly include self-operated platforms, mobile terminal APPs, as well as third-party e-commerce platforms such as Tmall and JD.com, and various beverage retail flagship stores that cooperate with live sales platforms such as Douyin and Kuaishou; Offline channels include “Liquor Coming” and “International Famous Wine City” stores; other supplementary channels include offline brand distribution channels of upstream wineries or brand owners.

As of the end of December 2020, Jiuxian.com’s offline chain stores have reached 897, covering 31 provinces and municipalities across the country.

It is worth noting that with the development of the wine retail industry, there are more and more wine sales channels for consumers to choose from, whether online or offline, and consumers are most concerned about the purchase of wine products. Quality and genuine guarantee issues. IiMedia data shows that in 2020, about 60.8% and 58.0% of consumers expressed their main concerns about product quality assurance and authenticity assurance.

Take liquor sales as an example. Out of trust in brand qualifications, consumers tend to buy in tobacco and liquor franchised stores, but franchised stores are often operated independently by individual merchants and lack endorsement of their credit qualifications. In recent years, with the gradual improvement of consumers’ quality awareness, the establishment of branded chain wine retail enterprises has become an urgent need for the market.

In the past two years, the overall recovery of the liquor industry has been obvious. Even if the epidemic hit hard, the impact on the liquor industry has been minimal. The A-share liquor sector is booming. Companies such as Langjiu and Guotai Liquor continue to knock on the capital market. Small and medium-sized wineries are incorporated into the listing system through mergers and acquisitions, creating a wave of liquor listing craze.

After similar peers, Huazhi Liquor Company and 1919, if they succeeded in listing this time, Jiuxian.com would not be considered an early-listed liquor company, but Jiuxian.com has ambitious expectations after listing, and it also mentioned in the prospectus. “The goal of building the No. 1 wine retail brand.”

The profitability problem of liquor retail

Although the performance of the liquor business has continued to pick up in recent years, the overall liquor retail enterprises are still moving forward.

The comparison of performance data between upstream wineries and downstream wine e-commerce is clear at a glance.

In 2020, the national liquor enterprises above designated size achieved sales revenue of 583.639 billion yuan, a year-on-year increase of 4.61%; realized total profits of 158.541 billion yuan, a year-on-year increase of 13.35%. The industry average net profit margin is as high as 27.16%. However, the liquor circulation link has been in a state of full competition for a long time, with many market participants and low industry concentration. Even in the new year of the industry, it is still not easy to make money.

Huazhi Liquor, the only listed alcoholic beverage company in A-shares, had operating income and net profit of 4.941 billion yuan and 373 million yuan last year, an increase of 32.20% and 16.82% year-on-year, respectively, with a net profit margin of 7.55%. The profitability of Liquor Convenience and Famous Brands listed on the NEEQ is even weaker. 1919 lost 530 million yuan and 143 million yuan in 2019 and the first half of 2020, respectively.

In contrast, Jiuxian.com has not been able to make money as easily as upstream wineries in the past three years, but at least it has achieved profitability. Jiuxian.com disclosed in the prospectus that from 2018 to 2020, the company’s operating income was 2.207 billion yuan, 2.997 billion yuan, and 3.717 billion yuan, and net profits attributable to the parent were 28.565 million yuan, 81.661 million yuan and 182 million yuan, respectively.

“Jiuxian.com has established offices and shipping warehouses in all provinces across the country, both offline and downstream. Jiuxian.com has sales and service teams in all prefecture-level cities. The upstream and downstream chain service system of Jiuxian.com has been very complete.” Industry expert Xiao Zhuqing said in an interview with a reporter from China Times, “Jixian.com, as one of the first batch of retail companies specializing in liquor business, has a leading market position in terms of brand recognition and channel deployment. In addition, the company’s management team , Omni-channel, product development, supply chain, information technology, consumer services, business innovation and other aspects also have strong competitive advantages. Under the background of the continuous rise of the alcohol circulation industry, if the company is successfully listed, it is believed that it will With the help of the aforementioned competitive advantages, the capital market once again achieved rapid development.”

However, there may be more room for the development of wine e-commerce in the future.

The development of the wine retail industry is similar to the overall development path of the retail industry. Both have gone through retail formats dominated by small offline retail locations, to large supermarkets, to online e-commerce, and finally to online and offline integration The process of branding new retail development. With the development of consumers’ online consumption habits and the development of wine vertical platforms, the proportion of e-commerce in wine terminal channels will continue to increase.

According to industry data, the scale of liquor e-commerce transactions reached 7 billion yuan in 2013 and 76.7 billion yuan in 2018. It is predicted that the scale of e-commerce transactions in 2020 will exceed 100 billion yuan. Due to the efficiency advantages and selection advantages of e-commerce, after the formation of high-quality brands, the proportion of e-commerce in liquor circulation is expected to further increase.

The industry believes that the online and offline integration of the wine retail industry will be closer in the future. Some traditional tobacco hotels will face higher online costs. In the future, they may gradually withdraw from the market. In the future, more and more wine merchants will join. Into the regular chain camp.

Chief Editor: Huang Xingli Chief Editor: Han Feng