2021 major cross-border platforms hit a new high! The cross-border e-commerce track is still booming!

The news about cross-border e-commerce on the Internet can be described as overwhelming. Cross-border e-commerce can be said to be a big opportunity in the future. Many people see this sentence and think it is a lie.

Now that the epidemic situation abroad is so serious, many factories that do foreign trade have closed down, and now they still need to do cross-border e-commerce. Isn’t it just asking for hardship? actually not.

As an emerging trade format, cross-border e-commerce has also become one of the main forces for the steady growth of foreign trade in recent years. Affected by the epidemic, the global online purchase rate has risen sharply. The first quarter of 2021 is relative to the first quarter of 2019 (before the epidemic). Trade has increased by nearly 300% year-on-year.
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At the end of April, various cross-border e-commerce platforms released their first-quarter financial reports, which, as expected, "rised".

Amazon: Revenue breaks 108.52 billion U.S. dollars, the king hits a new high
On April 29, Amazon released its first quarter 2021 financial report. The financial report showed that Amazon's first quarter revenue reached 108.52 billion U.S. dollars. A year-on-year increase of 44%; net profit of 8.107 billion US dollars, an increase of 219.8% year-on-year, far exceeding analyst expectations.
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Among them, Amazon has the highest revenue in the quarter for online stores, achieving revenue of 52.901 billion U.S. dollars, nearly half of the total revenue, accounting for 48.7%. In addition, Amazon’s fastest-growing business in the quarter was third-party seller services, with a year-on-year growth of over 60%.

Amazon said that the strong sales performance in the first quarter will continue in the second quarter. The company expects sales from April to June to reach between US$110 billion and US$116 billion, which will mark Amazon’s three consecutive quarters of revenue exceeding US$100 billion.

Shopify: revenue of 989 million US dollars, both revenue and GMV increased by more than 100% year-on-yearOn April 28, global e-commerce SaaS service provider Shopify released its first quarter 2021 financial report. The report shows that in the quarter, Shopify’s revenue was US$989 million, an increase of 110% year-on-year; gross profit was US$558.7 million, an increase of 117% year-on-year (adjusted gross profit was US$565.1 million, an increase of 114% year-on-year); net profit It was US$1.258 billion (including the company’s unrealized gains of US$1.3 billion in Affirm’s equity investment), compared with a net loss of US$31.4 million in the same period last year.
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It is reported that of the $989 million in revenue, Shopify's subscription solutions revenue was $320.7 million, an increase of 71% year-on-year; business solutions revenue was $668 million, an increase of 137% year-on-year. During the quarter, Shopify’s global merchants’ gross merchandise transactions (GMV) were US$37.3 billion, an increase of 114% year-on-year; total transaction payments (GPV) were US$17.3 billion, accounting for 46% of GMV in the quarter, compared with 73% in the same period last year. Billion US dollars, accounting for 42%.

eBay: $3 billion in revenue, the highest level of growth since 2005On April 29, eBay announced its financial results for the first quarter ending March 31, 2021. According to the financial report, eBay's revenue in the first quarter reached US$3 billion, an increase of 42% year-on-year, and a year-on-year increase of 38% excluding the impact of exchange rate changes. The total transaction volume (GMV) was 27.5 billion US dollars, an increase of 29% year-on-year, and the impact of exchange rate changes was 24% year-on-year.
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In the first quarter, eBay continued to expand the scale of managed payments globally, and more than 52% of transactions on the global platform were processed through managed payments. At the end of the first quarter, eBay had more than 4 million global sellers migrated to use managed payments, and more than 80% of US sellers had completed the migration.

The introduction of managed payments has enabled eBay to simplify the checkout process. Data shows that the unpaid items in buy-it-yourself transactions in the first quarter have been reduced by about 80%. At the same time, eBay’s paid promotion services (Promoted Listings) achieved revenues of nearly 224 million U.S. dollars, a year-on-year increase of 64%. Excluding the impact of exchange rate changes, it increased by 58% year-on-year.

Facebook: revenue of 26.17 billion US dollars, an increase of 48% year-on-year
 

On April 29, Facebook released its financial report for the first quarter of fiscal year 2021 as of March 31. The financial report shows that Facebook’s total revenue in the first quarter was US$26.171 billion, an increase of 48% from US$17.737 billion in the same period last year; net profit was US$9.497 billion, an increase of 94% from US$4.902 billion in the same period last year; diluted earnings per share It’s $3.3. As of March 31, 2021, Facebook has 2.85 billion monthly active users, a year-on-year increase of 10%.

Looking at the results of this financial report alone, Facebook's performance is quite good, showing the strong recovery of the advertising industry with the economic recovery.
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In general, foreign countries are now very seriously affected by the epidemic, and a large number of physical stores have already died. It is difficult to sell large quantities of goods from China offline, and it is inevitable that foreign trade factories will be blocked.

However, cross-border e-commerce and foreign trade factories are completely different. Cross-border e-commerce is mainly a toc model, which directly faces consumers. It starts with light asset operation. The threshold is lower, there are few sellers and many buyers. There is mainly no deposit, only Monthly rental fee, which can save a lot of cost.

Under the influence of the epidemic, many residents choose to stay at home, and the penetration of cross-border e-commerce in the European, American and Southeast Asian markets has not decreased but increased. In other words, under the environment of the epidemic, it has not affected cross-border e-commerce. The development of cross-border e-commerce has also promoted the share of cross-border e-commerce in foreign markets. Both imports and exports have shown a relatively substantial growth trend.

In recent years, the Chinese government has further encouraged the development of cross-border e-commerce by proposing free trade zones and the “One Belt One Road” initiative. The state has continuously increased its support for cross-border e-commerce, and has successively introduced policies such as the establishment of comprehensive cross-border e-commerce pilot zones and the exemption of taxes and fees on some exported goods.

It is conceivable that under the heavy hit of the 2020 epidemic, not only has the data of e-commerce operations not been greatly impacted, but there are even signs of rising. Amazon's North American warehouses are almost full. The penetration rate of cross-border e-commerce platforms in Southeast Asia such as Shopee and Lazada is also growing rapidly.

According to last year's market, this year will be a year of rebirth.
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