#Laogao E-commerce Newsletter# [November 13 E-commerce Morning News Brief] State Post Bureau: On the 11th, 416 million express delivery nationwide was processed; the transaction volume of 8 brands including Apple exceeded 1 billion; the order amount of Double 11 was 159.8 billion yuan, and JD rose 1.06% before the market opened; the number one sales volume in the consumer electronics industry in Double 11 is the smart speaker Tmall Elf; the State Cyberspace Administration of China: Strictly controlling the chaos of self-media in accordance with the law will become the norm...
E-commerce newsletter
1. State Post Bureau: 416 million express parcels were processed nationwide on the 11th
On the 12th, the State Post Bureau released data. On the 11th, major e-commerce companies across the country generated a total of 1.352 billion express logistics orders throughout the day, an increase of 25.12% year-on-year; postal and express delivery companies processed a total of 416 million pieces throughout the day, an increase of 25.68% year-on-year, setting a new record high. It is expected that from November 11 to 16, the industry will process more than 1.87 billion mail and express delivery business volume, an increase of 25% over the same period last year. (DONEWS)
2. The transaction volume of 8 brands including Apple exceeded one billion on Double Eleven
On November 12, Tmall Double 11 announced relevant data one after another: On Double 11, a total of 8 brands sold over 1 billion yuan, namely Apple, Xiaomi, Huawei, Midea, Haier, Nike, Adidas and Uniqlo. In addition, 229 brands sold over 100 million yuan. One minute of the opening of Double 11, the transaction volume of many brands such as Nike, GXG, Apple and Xiaomi exceeded 100 million yuan, and the two brands, Apple and Nike, had exceeded 1 billion yuan by 12 noon. (E-commerce News)
3. The total transaction volume of Meinian Health's Double Eleven e-commerce platform increased by 510% year-on-year
On the Tmall platform, the transaction volume of Meinian Health flagship store exceeded 5 million yuan in one hour, and the total transaction volume for the whole day was 7 times the monthly transaction volume in November 2017. In addition, the total transaction volume of Meinian Health on major e-commerce platforms increased by 510% year-on-year. (36Kr)
4. The order amount of Double 11 is 159.8 billion yuan, and JD.com rose 1.06% before the market opened.
As of 16:51 Beijing time, JD.com was at $21.93 before the market, up 1.06%. Previously, JD.com announced that the cumulative order amount of Double 11 reached 159.8 billion yuan, a record high. (36Kr)
5. iQiyi VR all-in-one machine won the first place in sales of VR categories on JD Tmall platform on Double Eleven
According to data from Tmall Business Consultant and JD Compass, iQiyi VR all-in-one won the double championship in sales and sales of JD Tmall platform VR category on Double Eleven. Tmall iQiyi Smart Flagship Store won the first place in the VR industry sales ranking of Double Eleven, ranking first in the sales of VR all-in-one machines, ranking first in the number of visitors in the VR industry, and ranking first in the conversion rate of VR all-in-one machines. In addition, iQiyi VR JD self-operated flagship store has won the championship in JD VR category sales/sales, VR all-in-one sales/sales, and VR box sales/sales. (36Kr)
6. The first sales volume of the consumer electronics industry in Double 11 is the smart speaker Tmall Elf
Official data shows that on Double 11, the champion of the consumer electronics industry was born in the smart speaker industry for the first time, rather than the traditional consumer electronics products that were dominated by mobile phones in the past. During the pre-sale period of Tmall Double 11, the sales of Tmall Ghost AI smart speakers exceeded 1 million units. According to a research report released by market agency Canalys, Tmall Genie ranks first in the Chinese market for four consecutive quarters. On this Double 11, Tmall Elf Smart Life Products won 28 first place in the sales field. (36Kr)
Internet news
7. NetEase Cloud Music will raise 2 billion yuan to participate in Baidu investment
According to media reports on November 12, NetEase Cloud Music has completed a new round of financing with a financing amount of about 2 billion yuan. Investors include Baidu, Pan Atlantic and Boyu Capital, as well as a record company. If the news is true, the entry of record companies is undoubtedly a major benefit for NetEase Cloud Music, which has a weak link in copyright, but NetEase Cloud Music will not comment on this at present. (E-commerce News)
8. The Cyberspace Administration of China: Strictly controlling self-media chaos in accordance with the law will become the norm
Recently, the Cyberspace Administration of China and relevant departments have carried out a cleanup and rectification campaign to deal with the chaos in self-media. More than 9,800 self-media accounts such as "Donald Say" and "Fu Seoul" have been dealt with in accordance with the law and regulations. He also interviewed platforms such as Tencent WeChat and Sina Weibo in accordance with the law, and issued serious warnings for their lack of main responsibilities, neglecting management, allowing them to grow wildly, causing various chaos. A relevant person in charge of the State Cyberspace Administration of China introduced that hierarchical and classified management, local management and full-process management will be implemented for self-media accounts, forming a normal working state of strictly managing self-media in accordance with the law. (36kr)
Cross-border e-commerce
9. Lazada: Southeast Asian e-commerce is accelerating growth
On November 12, Lazada, an online retailer in Singapore, which owns a majority stake in Alibaba, said growth accelerated during the Double Eleven event. Lazada CEO Alexis Lanternier said on Monday that Southeast Asia is at the “start of its journey” and is still “accelerating growth. We are in an exciting space for accelerated growth.” Lanternier said he was optimistic about sales in the region. The region has a population of 560 million, and mobile phone penetration continues to rise. (CNBC)
10. Payment related original data must be opened to customs for cross-border imports
On November 8, the General Administration of Customs issued Announcement No. 165 of 2018, on matters related to real-time acquisition of original data related to corporate payments on cross-border e-commerce platforms, and implemented on January 1, 2019. The announcement shows that in order to further standardize the supervision of cross-border e-commerce retail import business, according to the relevant provisions of the "E-Commerce Law of the People's Republic of China", the customs will obtain the original data related to the payment of cross-border e-commerce platform enterprises in real time, and disclose the specific data information that requires the opening of cross-border retail imports and the real-time acquisition plan for the original data. (Yibang Power)
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