#Laogao E-commerce Newsletter# [November 16 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on November 16] The total transaction volume of e-commerce companies in Double 11 exceeded 700 billion; Vipshop's first cross-border e-commerce offline experience hall opened; Mogujie's price adjustment release specifications came into effect on November 20; After the break of Yousheng Education's capital chain, it said that many places have carried out compensation; China has joined the world's largest free trade zone, with more than 90% of the goods or zero tariffs, affecting one-third of the world's population...

　　E-commerce newsletter

　　1. The total transaction volume of each e-commerce company in Double 11 exceeded 700 billion

　　According to news on November 16, as of 11:00 p.m. on November 11, the logistics orders for Tmall's "Double 11" event exceeded 2.25 billion orders, equivalent to the total annual express delivery volume in China in 2010. Alibaba's statistics show that as of 0:30 on November 11, Tmall's "Double 11" sales have reached 372.3 billion yuan, breaking the record set by last year's "Double 11" throughout the day. In the end, the transaction volume of major e-commerce companies this year exceeded 774.7 billion yuan, a significant increase compared with previous years. (People's Daily Overseas Edition)

　　2. Vipshop’s first cross-border e-commerce offline experience hall opened

　　On November 15, the E-commerce Daily learned that on Double 11, Vipshop's first cross-border e-commerce offline experience hall in the country opened in the bonded port area of ​​Liangjiang New District, Chongqing. It is reported that the exhibition hall displays and sells products including maternal and infant, kitchen utensils, cosmetics, health products, luggage, clothing and other categories, with a total of about 6,000. The experience hall adopts the "front store and back warehouse + fast delivery" operation model. Consumers place orders on site and pick up goods immediately, and the fastest takes only 10 minutes. (E-commerce News)

　　3. Mogujie price adjustment specification will take effect on November 20

　　On November 15, the "E-commerce Daily" learned that Mogujie issued an announcement on the 13th stating that in response to the adjustment of the "Mogujie Price Release Standards", Mogujie solicited opinions from November 10, 2020 to November 12, 2020, and the rule will officially take effect on November 20, 2020. The announcement shows that the change point of this adjustment is Article 9. After the change, in order to improve the user's shopping experience and reduce the merchant's operating costs, the merchant agrees and authorizes: If the "live link products" (hereinafter referred to as "live streaming products") sold by the merchant through the celebrity promotion plan in the live broadcast event will continue to be sold on the Mogujie platform through non-live streaming methods after the live broadcast event, Mogujie has the right to immediately modify the external sales price of the above-mentioned live broadcast products to 1.1 times the live broadcast price after the merchant's live broadcast event. The live broadcast flash sale price mentioned in this article refers to the live broadcast flash sale price displayed when the product was recently opened in the live broadcast room. (E-commerce News)

　　4. Daily Youxian: The sales on Double 11 were 2.1 times the same period last year

　　On November 15, the "E-commerce Daily" learned that the Double 11 battle report released by the fresh food e-commerce platform Meiji Youxian showed that the daily sales of Meiji Youxian on November 11 were 2.1 times the same period last year, and the sales of meat, eggs, aquatic products, vegetables and fruits increased by 150%, 110%, 126% and 115% respectively. Among them, the sales of MissFresh’s “Today’s Fresh” series Double 11 increased by 7 times year-on-year. From the perspective of regional distribution, first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen are still the main consumption power of MissFresh. The battle report shows that Beijing and Shanghai accounted for 27% and 23% of Double 11 sales respectively, while Shenzhen and Guangzhou followed closely behind. (E-commerce News)

　　5. Huinong.com: More than 90% of provinces in the country supply citrus online in Huinong, ranking 4th in Hunan

　　On November 15, the "E-commerce Daily" learned that Huinong.com recently released the "2020 Hunan Citrus Industry E-commerce Big Data Report". The report pointed out that more than 90% of provinces in the country supply citrus online in Huinong, and Hunan citrus "online" supply ranks fourth in the country, and its procurement attention and transaction volume rank fourth and fifth respectively. Huinong big data shows that 93% of counties in Hunan Province are supplying citrus. Hunan citrus supply was released early, with peak concentrations between October and December each year. Among them, Shimen County, Jiangyong County and Li County ranked among the top three, and Baojing citrus is favored by buyers. (E-commerce News)

　　Internet news

　　6. Didi may launch the "Quick Driver" project

　　On November 15, the E-commerce Daily learned that according to the latest news from car owners, Didi's "light driver" project is expected to be fully launched on November 16. If they successfully register a "Quick Driver" they will become the exclusive special express drivers on the platform. Judging from the billing instructions, the price of "light drivers" side is 90% of the mileage fee, duration fee or low speed fee, long-distance fee, basic fee or starting price. The platform also stated that the better the service, the more orders the driver will be. At the same time, the platform also supports switching between light and fast drivers, giving drivers greater choice. (E-commerce News)

　　7. Walmart plans to sell Japanese supermarket chain Nishiyu for 30 billion yen

　　Titanium Media reported on November 16 that according to Bloomberg, Walmart Department Store plans to sell Japanese supermarket chains Siyu for 30 billion yen, with KKR and Rakuten as buyers.

　　The overall valuation of the deal to Xiyou Supermarket is 172.5 billion yen, which is a significant discount from the 300 billion to 500 billion yen estimated by Japanese media when the rumors of the sale began two years ago. According to the agreement, KKR will acquire 65% of Xiyu's shares, Rakuten will acquire 20% of Japan, and Walmart will retain 15% of its shares. (Titanium Media)

　　8. Windows 10 opens Meet Now function for more users

　　Microsoft has begun to integrate Skype-based Meet Now features more deeply in Windows 10 systems. After inviting all Windows Insider members to test, Microsoft has now opened this feature to more users. In addition to turning on the "Meet Now" option on the taskbar, users can also quickly make calls through the Skype app or Edge browser. (cnBeta)

　　9. After Yousheng Education’s capital chain broke, it is said that compensation has been carried out in many places.

　　优胜教育微信号发布近阶段工作进展汇报，称将所有援助方案均以补偿的方式提供给所有之前信赖优胜教育的孩子们，补偿方案会持续给予并叠加，直到超出剩余课时价值为止，截止目前，重庆，成都，广州，济南，沈阳，北京，天津等地区均已开展一轮补偿，初步统计补偿人数2万余人，补偿金额9000余万元。（每经）

　　Cross-border newsletter

　　10. China joins the world's largest free trade zone, with more than 90% of the goods or zero tariffs, affecting one-third of the world's population

　　According to CCTV News, the Fourth Regional Comprehensive Economic Partnership Agreement (RCEP) Leaders' Meeting was held this morning (November 15).

　　China said that today the leaders of our 15 countries jointly witnessed the signing of the Regional Comprehensive Economic Partnership Agreement (RCEP). As the free trade zone in the world with the largest population, the most diverse member structure and the greatest development potential, this is not only a landmark achievement of East Asia regional cooperation, but also a victory of multilateralism and free trade. It will surely add new impetus to promote regional development and prosperity and contribute new strength to the world economy achieving restorative growth. (Europe)

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