#Laogao E-commerce Newsletter# [November 18 E-commerce Morning News]

　　#Laogao E-commerce News# [November 18 E-commerce Morning News Brief] Suning Retail Yunxian Town Market has served more than 200 million users; Dingdong Maicai has entered the first batch of 7 forward warehouses in Hebei Province; ByteDance internally tests the Douyin version of Huabei "Rest assured Flower"; Masayoshi Son: $80 billion of assets have been sold to cope with the worst situation in the global economy; Li Bin of NIO: It is expected that the annual operating cash flow will be positive in the fourth quarter, and the production capacity will increase to 7,500 vehicles per month in January next year...

　　E-commerce newsletter

　　1. Dingdong Maicai has entered the first batch of 7 forward warehouses in Hebei Province

　　On November 17, Dingdong Maicai officially entered Hebei and has opened 7 forward warehouses in Tangshan and Langfang, covering major urban areas such as Guangyang, Yanjiao, Lunan and Lubei. It is understood that Dingdong Maicai has established nearly a thousand "fore warehouses" in 17 cities across the country, including Beijing, Tangshan, Langfang, Shanghai, Guangzhou, Shenzhen, Hangzhou and other cities. According to information, Dingdong Maicai has recently established an e-commerce company in Tangshan City, Hebei Province, with a registered capital of 1 million yuan. (E-commerce News)

　　2. Walmart's Q3 revenue was US$134.71 billion, a year-on-year increase of 5.2%.

　　According to news on November 17, Walmart released its Q3 2021 financial report. The financial report shows that Q3 revenue was US$134.71 billion, a year-on-year increase of 5.2%, and the market expects US$132.233 billion; net profit was US$5.135 billion, a year-on-year increase of 56.2%, and the market expects US$3.417 billion. Walmart earned $1.8 per share in Q3, with market expectations of $1.21, compared with $1.15 a year ago. (E-commerce News)

　　3. Suning Retail Yunxian Town Market has served more than 200 million users

　　On November 17, Yiou learned that Suning Retail Cloud announced that the cumulative number of users served in the county and town markets across the country exceeded 200 million. At present, Retail Cloud's 7,000 stores cover 31 provincial administrative units across the country and more than 6,000 townships.

　　While the sinking market is widely deployed, retail cloud stores have also become an important traffic entrance and place for fulfillment of contracts for Suning. On the just-passed Double Eleven, Suning.com's 10 billion subsidy entered the offline market for the first time. County users, including left-behind elderly people and small town youth, can enjoy the discount of 10 billion subsidy, and services such as high-priced compensation and 10-year extended warranty. The north can reach Hulunbuir big poplar in Inner Mongolia and the west can reach Shache County, Kashgar, Xinjiang.

　　By going to villages and villages and going deep into old and small communities, retail cloud fully revitalizes the consumption vitality of counties and towns. On Double Eleven, the year-on-year growth of more than 150%, the sales of non-electric appliances in all categories increased by more than 4 times, and the sales of extended warranty services increased by 14 times. (Europe)

　　4. JD Health and AstraZeneca launch strategic cooperation to continuously improve the service capabilities of pharmaceutical supply chain

　　On November 17, Yiou learned that JD Health has officially reached a strategic cooperation with AstraZeneca, the world's leading multinational pharmaceutical company. The two sides announced that they will use AstraZeneca's international experience and innovative medical solutions accumulated in the treatment of various diseases, fully integrate with JD Health's advantageous businesses such as medical supply chain, Internet medical care, and health management, and jointly explore a new "Internet +" service model, thereby providing patients with comprehensive and higher quality online medical and health services; and bringing greater help to the digital transformation of China's medical and health industry and the upgrading of the national health service system. (Europe)

　　5. Masayoshi Son: $80 billion in assets sold to cope with the worst situation in the global economy

　　SoftBank Group CEO Masayoshi Son said on Tuesday that he actively sold assets this year in preparation for a possible "worst case" that the global economy is shut down in the second wave of the new crown epidemic. In March this year, SoftBank announced plans to sell assets worth 4.5 trillion yen (about 41 billion US dollars). Son said Tuesday that it ended up selling approximately $80 billion worth of assets to strengthen the company's liquidity and prevent global emergencies. (Sina Finance)

　　Internet news

　　6. ByteDance’s internal test of Douyin version of Huabei “Don’t worry flower”

　　On November 17, according to the exclusive report of Tech Planet, a product called "Fangxinhua" was launched on the Douyin App, and is positioned as a platform for providing loan service technology. Currently, the product is still in the testing stage. According to a user who has the experience portal for this product, the test portal for "Fangxinhua" is located in the "wallet" of the Douyin app's personal center, and is listed in the same window as another loan product of Bytes. Industry analysts said that judging from the layout of Douyin, Fangxinzhuan and Fangxinhua have become Douyin's Jiebei and Huabei respectively. (Tech Planet)

　　7. NIO Li Bin: It is expected that the annual operating cash flow will be positive in the fourth quarter, and the production capacity will be increased to 7,500 vehicles per month in January next year.

　　During the third-quarter earnings call, NIO founder Li Bin said that NIO is expected to achieve full-year operating cash flow in the fourth quarter. At the same time, he also said that NP2.0 will be released on this year's NIO DAY. In addition, NIO's production capacity will increase to 7,500 vehicles per month in January next year. (Cailianshe)

　　8. Twitter launches "Stories" feature around the world, challenging Instagram and Snapchat

　　According to reports, Twitter recently launched the "Stories" feature "Fleets" worldwide, thus challenging Snapchat and Instagram. Fleets allows users to post photos and videos to encourage more sharing. Unlike regular Twitter messages, Fleets messages cannot receive likes, replies, and retweets and will automatically disappear 24 hours after posting. (Sina Technology)

　　9. Amazon launches new online pharmacy in the United States

　　On November 17, Amazon launched a new online pharmacy in the United States for delivering prescription drugs, which allows customers to compare prices when purchasing drugs on their company websites or apps. Shoppers can switch between out-of-pocket and non-insurance options at checkout, and Amazon Gold members can enjoy significant discounts. (E-commerce News)

　　Cross-border newsletter

　　10. eBay restores SpeedPAK partial road-direction service

　　On November 17, eBay issued an announcement stating that starting from November 17, 2020, SpeedPAK will resume the following road-to-road collection and delivery services: economical solution services from Hong Kong to Heishan Road, economical solution services from mainland China and Hong Kong to Macedonia Road-to-road. It is understood that eBay previously issued a notice saying that starting from November 1, 2020, Beijing time, SpeedPAK will adjust the freight prices of SpeedPAK and SpeedPAK Mini exported from mainland China and Hong Kong respectively. (E-commerce News)

 Click to register < a> Apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. All businesses, Tmall merchants, Taobao Crown Stores, Jinguan Stores, and other e-commerce platform merchants can apply to join! < a>

,