November 1st E-commerce Evening News

　　#Laogao E-commerce News# [November 1 E-commerce Evening News Brief] Tmall Double 11 stock volume hits a high of 1,000 bird nests; in response to the official response of the internal group of Pinduoduo: It is false; JD shopkeeper Bao 11.11 Good Products Collection begins JD Convenience Store will open a new online traffic entrance; the two departments urge e-commerce platforms to remove e-cigarette products in a timely manner...

　　E-commerce newsletter

　　1. Tmall Double 11 stocks hit a new high, which can fill 1,000 bird nests

　　According to the news on November 1st, data from Cainiao Intelligent Logistics Backbone Network showed that the stock volume of Tmall Double 11 hit a new high, which can fill 1,000 bird's nests in total. Facial masks, women's care products, shampoo and shower gel have become the three "kings of stocking". In addition, the Cainiao Cang in the region south of the Yangtze River has stocked up a lot of thermal underwear, while friends in Northeast China will prepare grain, oil, rice and flour on Double 11, while Jiangsu, Zhejiang and Shanghai are more fond of snacks. (E-commerce News)

　　2. Official response to the rumors of internal group of Pinduoduo: There is nothing wrong with it

　　On November 1, according to media reports, "There is a group within Pinduoduo, codenamed Himalaya, which is brewing a brand within Tmall, positioned as a mid-to-high-end, and the project name is Goodbox. Half of the group members are from JD.com and half of them are from Alibaba." Pinduoduo's official reply: False and false news. (Yibang Power)

　　3. JD shopkeeper Bao 11.11 Good Things Collection begins JD convenience store will open a new online traffic entrance

　　On November 1, the "JD Shopkeeper Bao 11.11 Good Things Collection" under JD Xintong Road officially began. According to reports, during Double 11, in many provinces and cities across the country, various stores under Xintonglu will simultaneously launch multi-scene promotions for the first time. At the same time, JD convenience stores covering the whole country have successively entered JD.com and Meituan, opening new online traffic entrances. (E-commerce News)

　　4. JD.com: On November 1, the transaction volume of beauty products reached 12 times the same period last year

　　According to news on November 1, JD official data showed that the transaction amount of JD beauty category from 0:00 to 1:00 on November 1 reached 12 times the same period last year. It is understood that hydrating and moisturizing skin care products in autumn and winter have performed outstandingly, among which the transaction volume of facial essence categories has increased by 47 times compared with the same period last year. (E-commerce News)

　　5. The two departments urge e-commerce platforms to remove e-cigarette products in a timely manner

　　On November 1, the State Administration for Market Regulation and the State Tobacco Monopoly Administration jointly issued an announcement urging e-cigarette production and sales companies or individuals to close e-cigarette Internet sales websites or clients in a timely manner; urging e-commerce platforms to close e-cigarette stores in a timely manner and remove e-cigarette products in a timely manner; urging e-cigarette production and sales companies or individuals to withdraw e-cigarette advertisements published through the Internet. Previously, the State Administration for Market Regulation and the State Tobacco Monopoly Administration jointly issued the "Notice on Prohibition of the Sale of Electronic Cigarettes to Minors". (E-commerce News)

　　Internet Information

　　6. JD Finance APP launches "Beijing Post" activity and plays multiple ways to divide 1 billion yuan in the whole nation

　　On November 1st, during Double 11, JD Finance App launched a "Beijing Post" activity for the public to divide 1 billion yuan in the past month, including a variety of gameplay. In addition, JD Finance also jointly provided multiple benefits to users with 8 major apps such as Kuaishou and Keep, as well as 19 banks including Agricultural Bank of China, Bank of Communications, and China Merchants Bank. (E-commerce News)

　　7. The State Administration of Radio, Film and Television issued a notice on strengthening the management of "Double 11" e-commerce live broadcast programs

　　On November 1, the State Administration of Radio and Television issued a notice on strengthening the management of live broadcast programs and advertising programs on online audio-visual e-commerce during the "Double 11" period. The notice stated that radio and television management departments at all levels will work with relevant departments to strengthen monitoring and management of online audio-visual program service agencies in the jurisdiction during the "Double 11" period to ensure the vital interests of the people and create a good online audio-visual environment. (E-commerce News)

　　8. Didi’s failed to adjust its carpooling mode and no longer enjoys a “price”

　　On November 1st, Didi will adjust its carpooling model from now on. Users who fail to ride-share will no longer have the discount of "enjoy express trains at a price" and need to pay directly at the real-time express train price. Didi said that after the rules are adjusted, the user's carpooling needs to meet the conditions that someone nearby initiates a carpooling order and goes along the way before the carpooling will be successful. (E-commerce News)

　　9. Jingxi, a subsidiary of JD.com, officially connects to WeChat level 1 portal

　　On October 31, Jingxi, a social e-commerce platform under JD.com, officially connected to the first-level WeChat entrance. Consumers only need to click "WeChat-Discover-Shopping" to access Jingxi. Less than an hour after the "National Beijing-Happy Day" was launched on that day, and the sales volume of Beijing-Happy exceeded 1 million orders; nearly 60 million items were sold throughout the day, of which the factory's direct supply order volume increased by 16 times month-on-month, and the subsidy hot products were loved by users. In addition, the proportion of new users of Jingxi on the entire JD site on that day reached 42%. (36kr)

　　Cross-border e-commerce

　　10. Indian logistics company "ElasticRun" receives US$40 million in Series C financing

　　According to foreign media reports, Indian logistics company "ElasticRun" received a US$40 million Series C financing, led by South Africa's Prosus Ventures, with participation from India's Kalaari Capital and Avataar Ventures. This round of financing will support "ElasticRun" to further build a technology platform to improve the logistics network. In the future, "ElasticRun" plans to expand the distribution network to one million local Kirana stores in India. (36Kr)

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