Shopee's GMV in the second quarter reached US$15 billion, and Russia's Ozon released its Q2 financial report

Shopee's second quarter GMV reaches US$15 billion

On August 18, Shopee's parent company Sea Limited announced its financial results for the second quarter of 2021 ending June 30. In the second quarter, the company's GAAP total revenue was US$2.3 billion, a year-on-year increase of 158.6%; among them, GAAP revenue from e-commerce and other services increased by 174.1% to US$999.7 million. During the same period, the company's total gross profit was US$930.9 million, a year-on-year increase of 363.5%; the adjusted EBITDA totaled US$24.1 million. In the second quarter, Shopee's GAAP revenue was US$1.2 billion, a year-on-year increase of 160.7%; the total number of orders was US$1.4 billion, a year-on-year increase of 127.4%; the total merchandise transaction volume was US$15 billion, a year-on-year increase of 87.5%; and the adjusted EBITDA was US$579.8 million.

Russia's Ozon announces second quarter financial results

According to the second quarter 2021 financial report released by Ozon, the leader of Russian e-commerce, in the second quarter of this year, Ozon's total sales (GMV), including services, increased by 94% year-on-year, from 45.8 billion rubles in the second quarter of 2020 to 89 billion rubles (about 1.2 billion US dollars) (including VAT). Among them, the online market share reached 62.1% of GMV, higher than 47.4% in the same period last year; the order volume increased by 180% year-on-year to 40.9 million orders, higher than 14.6 million orders in the same period of 2020. As of June 30, the number of sellers on Ozon was around 50,000, more than three times that of the same period last year.

Home Depot, the second largest retailer in the United States, released its Q2 financial report

On August 18, Home Depot, the second largest retailer in the United States, announced its second quarter financial report for 2021 ending August 1. This quarter, the company's net sales were US$41.118 billion, an increase of 8.1% year-on-year, which was the first time that the company's quarterly sales exceeded US$40 billion; net profit was US$4.81 billion, an increase of 11% year-on-year. In the second quarter, Home Depot's same-store sales increased by 4.5%, of which same-store sales in the United States increased by 3.4%. During the reporting period, Home Depot's total customer transactions were US$482 million, a year-on-year decrease of 5.8%; retail sales per square foot were US$663.05, a year-on-year increase of 5.3%.

South Korea's second-hand trading platform Danggeun Market received $162 million in financing

On August 18, South Korea's second-hand trading platform Danggeun Market announced that it had raised $162 million in Series D financing, with a valuation of $2.7 billion. This round of financing was led by DST Global, with participation from Aspex Management, Reverent Partners, Goodwater Capital, Altos Ventures, etc. It is understood that Danggeun Market, short for "Neighborhood Market", was founded in 2015 by Gary Kim and Paul Kim, both of whom previously worked at Kakao Talk, South Korea's largest messaging app. Consumers at Danggeun Market can get everything from local fresh produce delivery to basic services such as cleaning, education, real estate brokerage and used cars in the local community.

China continues to be Japan's largest export market

According to preliminary statistics released by the Ministry of Finance of Japan on the 18th, Japan's exports continued to grow rapidly in July, up 37% year-on-year. The export value reached 7.36 trillion yen (1 US dollar is about 109 yen), a year-on-year increase for five consecutive months. From the perspective of countries and regions, Japan's exports to China increased by 18.9% year-on-year to 1.58 trillion yen that month, with significant increases in plastics, semiconductor manufacturing equipment, semiconductor components and other fields. As of July, Japan's exports to China have increased year-on-year for 13 consecutive months. China continues to maintain its position as Japan's largest export market.

Chairman of the U.S. Securities and Exchange Commission : Temporarily suspend Chinese companies from using shell companies to go public in the U.S.

On August 18, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said in a video message that American investors know very little about some Chinese companies listed on U.S. stock exchanges. He has asked the SEC staff to temporarily suspend the IPO of shell companies used by Chinese companies to list in the United States, and hopes that investors will learn more about the company structure. In addition, he also said that if the auditors of Chinese operating companies do not disclose their books and records within the next three years, companies registered in the Cayman Islands or China will not be able to list in the United States.

Philippine e-commerce service provider Etaily receives $1.6 million in seed round financing

On August 18, Etaily, a Philippine e-commerce service provider, announced that it had received $1.6 million in seed round financing from investors including Ayala Ventures, Foxmont Capital Partners, Magsaysay Shipping & Logistics, and Boston Consulting Group. It is reported that Etaily was launched in March 2020 and has generated more than 1 million transactions in countries such as the Philippines, Malaysia, Indonesia, and Singapore, and provided more than 50,000 unique products. In addition, Etaily also manages all online channels for more than 20 brands and has activated online sales capabilities for more than 10 offline retailers, with a total merchandise value of $10 million in 2021.

Shopee

Ozon

Financial Report