E-commerce newsletter
1. Tmall Double 11 preparations, Cainiao Digital Logistics Service 100,000 merchants
In order to make merchants fearless and respond calmly, Cainiao launched a comprehensive solution for big promotions this year, which includes a series of "secret weapons" such as sales forecast, intelligent warehouse division, pre-sale sinking, and "air refueling", allowing merchants to drink coffee while browsing their mobile phones to welcome the explosion of orders.
Behind this is the comprehensive upgrade of Cainiao’s digital and intelligent supply chain. During Double 11, smart logistics services in all scenarios will cover 100,000 merchants on Taobao and Tmall. Cainiao’s intelligent supply chain brain will help merchants use less cost and higher efficiency, and deliver products to consumers quickly and well. (Tianxia Online Business)
2. Vipshop and SF Express will be dismissed after it reaches a cooperation with SF Express.
According to reports on October 25, Vipshop is negotiating with SF Express to acquire Pinjun Express, a wholly-owned holding company. The news was confirmed by an insider of Pinjun Express, saying that the company's upper-level company is currently in a confidentiality stage and is preparing to officially announce the news after Double Eleven. According to people familiar with the matter, SF Express will not purchase Pinjun after purchasing Pinjun, but is preparing to dismiss him. Pinjun is already doing preparations, and the cross-provincial express delivery is basically stopped receiving goods. After completing the acquisition, Pinjun senior management said that they would transfer back to Vipshop warehouse or seek other developments. It is reported that Pinjun Express has made profits for 22 consecutive quarters, and has fully upgraded personal delivery services this year, achieving same-day delivery in key cities and couriers have arrived at home in one hour. (E-commerce News)
3. JD.com will launch the "Double Hundred Plan" in conjunction with Kuaishou and Douyin during Double 11
During this year's Double 11, JD.com will launch the "Double Hundred Plan", linking the top 100 brands and joining 100 top experts to plan content marketing through the two major platforms of Kuaishou and Douyin, inviting traffic celebrities to create content together, and provide merchants with new marketing solutions. In addition, during Double 11, JD.com will also cooperate with vertical media platforms such as Douyu, B station, and Weishi to create live broadcast content that users love. (36Kr)
4. Closed up nearly 13%! Pinduoduo ranked among the top four in China's Internet
On October 25, the U.S. stock market closed on Thursday, Pinduoduo reported $39.96, up 12.56%. The stock price hit a new high since its listing, with a market value of $46.448 billion, surpassing JD.com (market value of $44.817 billion) to become the fourth largest Internet listed company in China, second only to Alibaba, Tencent and Meituan. (Yibang Power)
5. Yan Qiang, Vice President of Kuaishou: The revenue target of 15 billion yuan this year can be successfully completed
Yan Qiang, vice president of Kuaishou's commercialization, said in an interview with the media that in the past Q3, Kuaishou's commercialization was progressing smoothly, and this year's revenue target of 15 billion yuan can be achieved with confidence, and there are even breakthroughs. Kuaishou regards the upcoming Double 11 as an important breakthrough point. During Double 11, Kuaishou will launch open-screen advertising and will also conduct more linkages with Alibaba Double 11 in the live broadcast room. At the beginning of this year, Kuaishou commercialized set a goal of 10 billion yuan in annual revenue. In July this year, Kuaishou Commercialization announced that it would increase its revenue target by 50% to 15 billion yuan. (interface)
Internet Information
6. China Federation of Logistics and Procurement: The growth rate of social logistics operation slows down in the first three quarters
The social logistics operation data released by the China Federation of Logistics and Procurement shows that in the first three quarters, the total social logistics volume in the country was 215.9 trillion yuan, a year-on-year increase of 5.7% at comparable prices, a decrease of 1 percentage point from the same period last year and 0.4 percentage point from the first half of the year. The China Federation of Logistics and Procurement said that in the first three quarters, logistics operations were generally stable. The growth rate of total social logistics has slowed down steadily, and the ratio of total social logistics costs to GDP has increased slightly, among which the transportation costs ratio is stable, while the ratio of storage costs and management costs has increased. (Yicai)
7. Walmart and other large retailers remove Johnson & Johnson baby powder
On October 25, Walmart, CVS and Rite Aid, the three major physical retailers in the United States, announced that its stores will remove all 22-ounce Johnson & Johnson baby powder, a preventive measure taken after Johnson & Johnson recalled 33,000 bottles of baby powder that may contain the carcinogen asbestos last week at the request of US regulators. Analysts say other online retailers such as Amazon are expected to remove the model. (Sina Finance)
8. WeChat Pay’s “transfer to mobile phone number” function is officially launched
WeChat Paid posted today that WeChat Pay officially launched a new feature "transfer to mobile phone numbers". This function means that if you are not a WeChat friend, don't know the other party's WeChat ID, and cannot scan the QR code face to face, you can initiate payment through your mobile phone number. Before using this function, users need to click "+" - "Receive and Payment" - "Transfer to bank card or mobile phone number" - "Mobile number collection settings" in the upper right corner of the WeChat page to enable "Allow transfers to me through mobile phone number". (36Kr)
9. Meituan Taxi: Face recognition covers 24 hours a day, banning 761 cheating accounts
According to October 25, Meituan Taxi announced the progress of safety rectification today. Meituan Taxi said that Nanjing has achieved basic compliance and can apply for about 300 to 500 online car-hailing driver qualification certificates every month. The order compliance commitment ratio has increased to 90%, and has been stable at around 90% for half a year. Face recognition has been covered by 24 hours a day, and a special working group has been established to crack down on various illegal plug-ins such as "face scanning" and "face cheating devices" and "black industries" behind it. Since the beginning of this year, a total of 761 driver accounts dealing with "face recognition cheating" have been banned, forcing two online black industries that sell "face cheating software" to stop their services. In addition, Meituan Taxi has also established a Meituan Taxi Safety Committee, and signed a safety responsibility letter at each level to clarify the safety responsibilities of each department and ensure that the safety responsibility system of safety is implemented in person. (E-commerce News)
Cross-border e-commerce
10. eBay 2019Q3 financial report: GMV reaches US$21.7 billion
According to October 24, eBay released its third quarter financial report as of September 30, 2019. According to the financial report, in the quarter, the total transaction volume (GMV) was US$21.7 billion, a year-on-year decrease of 4%, and the impact of excluding exchange rate changes was a year-on-year decrease of 2%; eBay's revenue reached US$2.6 billion, a year-on-year unchanged, and the impact of excluding exchange rate changes was a year-on-year increase of 2%. (Yibang Power)
Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!
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