#Laogao E-commerce Newsletter# [November 1 E-commerce Evening News Brief] The 11.11 year-end promotion started, and the order amount of JD.com’s Global Goods Festival was 6 billion in the first hour; Double 11 home appliance third quarter report: omni-channel sales scale was 182.1 billion; tens of thousands of brands have completed stocking in Cainiao Warehouse in advance; Robin Li: Internet thinking is outdated, and AI thinking should be used now; WeChat will further increase the entrance to mini-programs...
E-commerce newsletter
1.11. The year-end promotion started, and the order amount of JD Global Goods Festival was 6 billion in the first hour
JD.com’s big data from 0:00 to 1:00 on November 1st showed that within one hour of the opening of JD.com’s 11.11 Global Goods Festival, JD.com placed an order amount of 6 billion yuan. In the first hour of the flash sale, JD.com's mobile phone category sales were 2.6 times that of the same period last year, and the camera category sales were 2 times that of the same period last year. JD Big Data shows that based on the cumulative order amount, Guangdong, Beijing, Jiangsu, Sichuan and Shandong have become the top five regions with the highest order amount. (36Kr)
2. China's first retail supermarket omni-channel annual report is released to interpret changes in consumption trends
On October 31, Walmart, JD.com, JD.com and Tencent jointly released the "Annual Report on the Omni-channel Integration Development of China Retail Supermarkets" for the first time in Beijing. This is the first time in the industry to interpret the integrated development model of four benchmark companies in the form of a report and share industry insights in promoting omni-channel integration. The report pointed out that consumption trends have changed in the following two aspects: First, consumption demand is changing; second, consumption habits are changing, and consumers' consumption scenarios are becoming increasingly diversified and scattered. (Lianshang.com)
3. Double 11 home appliance third quarter report: omni-channel sales scale 182.1 billion
On November 1, the China Home Appliances Research Institute and the National Electrical Appliance Industry Information Center jointly released the "2018 China Home Appliance Industry Third Quarter Report". The report shows that in the third quarter of 2018, the sales scale of China's home appliance market reached 182.1 billion yuan. Suning accounts for 22.3%, ranking first.
Among them, as the main force in the home appliance market, Suning accounts for 17.5%, 9 percentage points higher than the second place. In addition, Suning has also performed well in the fields of air conditioning, refrigerators, washing machines, etc. (Europe)
4. Tens of thousands of brands have completed stockings in Cainiao Warehouse in advance
According to November 1st, as of October 31, tens of thousands of brands have prepared their goods in Cainiao Warehouse in advance. According to statistics, the stock volume of Tmall Double 11 hit a new high. In Cainiao’s domestic warehouse distribution network, the products that are preparing to sell on Tmall Double 11 have a total of more than 3 million tons of goods, and nut snacks account for the majority. In the stocking of bonded warehouses, the top ones are facial masks, diapers, facial essences, facial care, facial cleansing, milk powder, makeup remover products, lotion, makeup tools, and shampoo, of which 80 million are skin care products and cosmetics. (China.com)
5. Wanglaoji creates a new brand of hand-cranked tea drinks, and its first store is opened in Taipei
After Wanglaoji launched a new brand Wanglaoji 1828 in June last year and entered the mainland’s live tea beverage market, recently, this traditional Chinese herbal tea brand company joined forces with the American fashion clothing brand Fred Segal to launch a new hand-cranked tea beverage brand - wang1828. The first store opened in Taiwan, a milk tea base. (Chuangyebang)
Internet Information
6. WeChat will further add mini-program portal
On November 1, on the eve of Tencent Partner Conference, Kukeduo participated in a closed-door mini program meeting. It is revealed that WeChat will further add a mini program entrance, and is also planning to provide merchant traffic operation tool functions to assist merchants in traffic operations. Regarding the issue of mini program awakening customers, it is still being evaluated. It may be implemented through subscription methods. A lightweight function that allows mini program merchants to provide limited push and reach users is not completely confirmed yet. (E-commerce News)
7. Baidu short video has more than 110 million daily active users and 3 billion daily distribution volume
11月1日，在百度世界大会主论坛上，百度公司副总裁沈抖公布一组数据：百度短视频日活跃用户数破1.1亿，日分发量30亿，搜索结果中高质量的视频结果占比20%，推出的独立短视频产品好看视频用户规模也破2亿。沈抖表示，百度的短视频路才走了1/10，未来伴随5G和人工智能，还有更长的路要走。（36氪）
8. Robin Li: Internet thinking is outdated, and AI thinking should be used now
36Kr News, at Baidu World Conference, Robin Li pointed out that Internet thinking is outdated thinking, and now AI thinking should be used, and the correct solution to intelligent transportation is AI thinking. In addition, Baidu announced that Apollo vehicle-road collaboration has been implemented in Beijing. Vehicle-road collaboration simply means that vehicles can avoid traffic congestion according to road instructions. (Crowdfunding Home)
Cross-border e-commerce
9. Japan's cross-border e-commerce market with China is expected to exceed 100 billion yuan this year
According to the report on November 1, according to the Ministry of Economy, Trade and Industry, the cross-border e-commerce market size from Japan to China in 2018 is expected to grow by 25.9% year-on-year to 1.6339 trillion yen (about 101.3 billion yuan), and will maintain an annual growth rate of about 20% by 2021. (E-commerce News)
10. Wish’s new fine for cancellation of orders: $2 per illegal order
On November 1, Yibang Power learned that Wish issued an announcement on the "Preliminary Policy for Cancellation of Orders". Wish said that the policy applies to orders released to the merchant’s backend after 5 pm on October 17, 2018 (Pacific time).
The announcement shows that if the order is cancelled or refunded before confirmation of fulfillment, the merchant will be fined $2 per order of violation. In addition, in the next few weeks, products related to illegal orders will be suspended for 48 hours, and merchants can also appeal for fines and the suspension of displays to be conducted.
It is reported that starting from 5 pm (Pacific time) on October 31, 2018, merchants can appeal the order within 3 working days after the fine for cancellation is generated.
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