#Laogao E-commerce Newsletter# [November 23 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [November 23 E-commerce Morning News] Xiaohongshu and Yangwo responded to the removal of D&G-related products; the total number of express delivery business on "Double 11" was 1.882 billion pieces, a year-on-year increase of 26%; Ele.me responded to the future restaurant project being protected by franchisees: Reasonable, reasonable, legal and legal differences; Super Species Shanghai Shimao Binjiang Store opened today; ofo: User deposit refunds due to recent server relocation arrive within 15 days...

　　E-commerce newsletter

　　1. Xiaohongshu and Yangwoo responded to the removal of D&G related products

　　Yesterday morning, JD.com officially stated that it had removed related products from Italian brand D&G. Subsequently, Xiaohongshu and Yangwoo also officially responded to the removal of the brand's related products. Xiaohongshu's statement stated, "All cooperation is based on respect. Xiaohongshu Welfare Club has removed all Dolce & Gabbana products and closed the search for relevant notes. We welcome global brands to Xiaohongshu to approach Chinese consumers. At the same time, international brands operating in China should also respect China. Thank you for your support and understanding." (Beijing Youth Daily)

　　2. Ele.me responds to future restaurant projects being protected by franchisees: Reasonable, reasonable, and legally resolve differences

　　On November 22, Ele.me Future Restaurant Franchise recently went to Ele.me Shanghai headquarters to protect rights and claims due to huge losses. In response, Ele.me responded that it is conducting in-depth communication with some future restaurant city partners on store operations and resolving differences reasonably, reasonably, reasonably, legally. Information disclosed by Ele.me shows that as of now, Ele.me has opened hundreds of future restaurant agent stores in more than 42 cities across the country, and some franchise stores are currently protecting their rights. (Tencent.com)

　　3. The total volume of express delivery business on "Double 11" was 1.882 billion pieces, an increase of 26% year-on-year

　　Monitoring information of the State Post Bureau shows that during the peak business from November 11 to 16, postal and express delivery companies across the country processed a total of 1.882 billion mail (express) pieces, an increase of 25.8% year-on-year. As of 20:00 on the 21st, except for remote areas, 1.83 billion mail (express) pieces collected by major delivery companies have been fully invested, with a proper investment rate of more than 97%. During this period, the entire network operates smoothly, basically achieving "the entire network is not paralyzed and important nodes are not inflated." (Economic Daily)

　　4. Super Species Shanghai Shimao Binjiang Store opened today

　　On November 22, Yonghui's innovative business super Species Shanghai Shimao Binjiang Store officially opened today. The store is the 59th store of Super Species in the country and the 6th store in Shanghai. Super Species are a new retail species created by Yonghui based on its deep accumulation of fresh food supply chain, grasping the wave of consumption upgrading, and targeting the middle and high-end consumer groups in the city. (Crowdfunding Home)

　　5. Xiangpiaopiao: Try to expand overseas markets through multiple channels and angles

　　On November 22, a relevant person in charge of Xiangpiaopiao said that while doing a good job in domestic marketing, Xiangpiaopiao is trying to expand overseas markets through multiple channels and angles, including through import and export companies to the United States, Canada and other countries. In 2018, Xiangpiaopiao established an independent overseas business department, but overall, this business is still in the early stage of expansion and contributes little to Xiangpiaopiao's existing business revenue. (E-commerce News)

　　Internet news

　　6. Foxconn responded to layoffs again: the hundreds of companies involved in the group do not include R&D

　　November 23rd news, yesterday evening, Foxconn Technology Group responded to the reduction of costs and layoffs, saying that the scope of this time includes hundreds of companies under the Foxconn Group system, not only Foxconn itself, but some media reports are false. Foxconn said that the cost reduction is mainly aimed at foreign investments in units whose operating performance has not met standards and whose profit performance is not as good as expected, and involves peripheral expenses such as administration, affairs, logistics, etc., but does not include the group's R&D and new product development funds. Foxconn will increase R&D funds based on its global layout and regional characteristics. (Tencent Technology)

　　7. ofo: The user deposit refund will be received within 15 days due to recent server relocation

　　On November 22, ofo users in many places said that the deposit was difficult to refund, and it would take more than a day to get the account in just a few hours. Ofo's public relations manager said that the user's deposit refund is basically guaranteed to be paid within 15 days. The refund time is extended compared with the previous one due to the recent server relocation. He also stated that ofo's current strategy has not changed, and users can also refund the deposit by phone. (Sohu Technology)

　　8. Meituan CFO Chen Shaohui: We are not worried about short-term profitability

　　Meituan CFO Chen Shaohui said at the performance exchange meeting that in the third quarter, our takeaway business transaction volume increased, and the transaction amount per order also increased. Although the overall economy did slow down, we are not worried about short-term profitability. We hope to focus on growth and our management. We are very confident in the long-term business of hotels. We have built some very strong networks that can reduce our operating costs and turn our customers into high-frequency customers. (Chuangyebang)

　　Cross-border e-commerce

　　9. The first store of Walmart smart store Huixuan Supermarket in Guangzhou opened

　　Walmart's innovative business model Huixuan Supermarket shows signs of replication and expansion. After opening four stores in Shenzhen, the first store in Guangzhou Huixuan Supermarket, Walmart smart store, opened today. The store is located in Dongguanzhuang Road, a densely populated area in Tianhe District, Guangzhou. Its business area is about 1,000 square meters, about one-tenth of the area of ​​traditional large supermarkets. According to the plan, Huixuan will expand to Dongguan before the end of the year. Huixuan Supermarket is positioned in a service community to meet the daily consumption needs of local residents. (Beijing Business Daily)

　　10. U.S. e-commerce sales will reach US$3.5 billion on Thanksgiving, a year-on-year increase of 21%.

　　Adobe said e-commerce retail sales will reach $3.5 billion this year on Thanksgiving, a 21% increase from $2.9 billion last year. Adobe had expected $3.1 billion in retail sales on Thanksgiving on Thursday. As of 10 a.m. ET, e-commerce retail sales have reached US$406 million, an increase of 23.2% over last year. According to eMarketer, U.S. retail sales will exceed $1 trillion this year in Christmas sales. (Phoenix Technology)

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