百瑞源:直播电商的思考

Translated title of the contribution: Beryl: E-commerce Livestreaming Strategy

林宸, 曹之静

Research output: Other contributionCase Studies

Abstract

Beryl is a leading brand in China's goji berry market that has stayed ahead of the competition quality-wise and is the only one to build a name for itself both offline and online. Beryl made a foray into e-commerce in 2015 and quickly outperformed rivals with low-priced berries. However, its success came at the expense of brand image. In 2018, Beryl repositioned itself by axing lucrative low-price products that brought the company ¥70 million in sales and accounted for 70% of total e-commerce sales. It shifted focus to new goji berry snacks to satisfy the demand for health products among younger generations. In 2020, the Covid-19 outbreak dealt a severe blow to Beryl's offline retail. As a bulwark against the pandemic, Beryl decided to embrace internet retail and make livestream marketing a strategic priority. Beryl cooperated three times with Viya, a top-tier livestreamer on Taobao, quickly boosting its best-selling product—first-crop goji berries. The three Viya livestreams in the first half of 2020 contributed 18% of total sales revenue on Beryl's Tmall flagship store. Nevertheless, given record low livestream prices and factoring in the livestreamer’s commissions and slot fees, Beryl failed to generate profits from them. In terms of goji berry juice and premium Suo Xian berries, the company failed to establish partnerships with top-tier livestreamers. It relied on celebrities and second-tier livestreamers, with a negligible impact on sales. In addition, Beryl organized a series of in-house livestreams but still found it difficult to attract the necessary new customers and convert them into purchasers. The Beryl was faced a conundrum: should the company focus on developing livestream e-commerce to hit its 2020 sales target of ¥130 million? How could it maximize profit from its three major product lines—first-crop berries, berry juice, and Suo Xian berries—through livestreams?
Translated title of the contributionBeryl: E-commerce Livestreaming Strategy
Original languageChinese (Simplified)
Number of pages16
Publication statusPublished - 30 Jun 2021

Case number

MKT-21-782

Case normative number

MKT-21-782-CC

Case type

Field Case

Update date

24/04/2023

Supplement

For more details, please visit www.chinacases.org

Published by

China Europe International Business School

Keywords

  • influencer marketing
  • marketing channel integration
  • digitalization
  • live e-commerce broadcasting
  • e-commerce livestreaming

Case studies discipline

  • Entrepreneurship
  • Marketing
  • Sales
  • Strategy

Case studies industry

  • Information, Media & Telecommunications
  • Retail Trade

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