#Laogao E-commerce Newsletter# [November 20 E-commerce Evening News]

　　#Laogao E-commerce News# [November 20 E-commerce Evening News Brief] State Grid's electric vehicle charging piles exceeded one million, serving 5.5 million electric vehicle consumers; the functional dairy brand "Niu Mao Heihei" received strategic financing of millions of yuan; Suning launched the second salary adjustment this year, with an average increase of 31%; China Literature builds "Writer Ecology 2.0": establishing China Literature's starting point university; community e-commerce platform Xingsheng Youxuan enters Jiangsu Province...

　　E-commerce newsletter

　　1. The "Bravo YH" of Yonghui Supermarket opened for the first time in Qinghai.

　　On November 20, the high-end supermarket "Bravo YH" under Yonghui Supermarket opened 6 stores nationwide today. Among them, Bravo YH officially entered Qinghai, and its first store opened in Xining Wuyue Plaza, with a total store area of ​​7,315 square meters. In addition to the first store in Qinghai, the other five "Bravo YH" stores that have opened are Baili Jincheng Store in Chengdu, Sichuan, Qinling Avenue Store in Ankang, Anhui Chuzhou Wuyue Plaza Store, Zhejiang Jinhua Yongkang Baolong Store, and Hubei Jingzhou Wuyue Plaza Store. (Titanium Media)

　　2. Jingcai, a subsidiary of JD Health, said that sales on Double 11 reached nearly three times the same period last year.

　　On November 20, recently, "Yao Jingcai", a pharmaceutical wholesale platform under JD Health, announced its Double 11 battle report. Data shows that on November 11, the cumulative sales of Yaojingcai platform reached nearly three times that of the same period in 2019, and the number of procurement terminals reached twice that of the same period in 2019. At the same time, the stores participating in the event cover more than 80% of the provinces across the country (except Hong Kong, Macao and Taiwan), and reach more than 200 cities. (Titanium Media)

　　3. GSX's net income in Q3 was nearly 2 billion yuan, up 252.9% year-on-year

　　On November 20, GSX announced the company's unaudited financial results today. The report shows that in the third quarter ended September 30, 2020, GSX's net income was RMB 1.9658 billion, a year-on-year increase of 252.9%. Among them, the net income of online K12 courses reached RMB 1.7572 billion, an increase of 282.7% year-on-year. (Titanium Media)

　　4. Community e-commerce platform Xingsheng Youxuan enters Jiangsu Province

　　On November 20, the community e-commerce platform Xingsheng Youxuan issued a statement today that Xingsheng Youxuan's Jiangsu region has officially started operations. It is understood that on Double 11 this year, Xingsheng Youxuan's daily orders reached 12 million, and the GMV increased by more than 240% year-on-year. As of now, including the newly added Jiangsu, Xingsheng Youxuan business has covered 14 provinces and municipalities. (Titanium Media)

　　5. China Literature builds "Writer Ecology 2.0": Establish China Literature Qidian University

　　According to Titanium Media on November 20, China Literature Group held a press conference to announce the official establishment of China Literature Qidian University. Many well-known online writers, film and television screenwriters, experts and scholars gathered to witness the launching moment of China Literature Qidian University.

　　It is reported that under the guidance of Tencent’s new cultural and creative strategy, China Literature has built a cultivation system that is both practical, authoritative and pioneering under the guidance of Tencent’s new cultural and creative strategy, and is committed to continuously supplying creative writing talents to the industry and building a vital force in the content industry. At the press conference, China Literature released the "Youth Writers Support Plan", saying that it will invest 100 million yuan in funds and resources in the future to support the creation and development of young writers. (Titanium Media)

　　Internet news

　　6. Suning starts its second salary increase this year, with an average increase of 31%.

　　According to news on November 20, Suning started its second salary adjustment this year. The average increase in this adjustment was 31%, the highest increase in individuals was 150%, and the increase in individuals' monthly salary was up to 16,000 yuan. The salary increase will be carried out in batches, from young middle and grassroots employees to core backbones such as department heads, all of which will be subject to salary increase. At the same time, the requirements for issuing year-end bonuses were also clarified, "All year-end bonuses will be distributed before the Spring Festival."

　　(Titanium Media)

　　7. Functional dairy brand "Niu Mao Heihei" received strategic financing of millions of yuan

　　Recently, the functional dairy brand "Niu Mao Heihei" completed a strategic financing of millions of yuan, and the investor was an industrial fund under Qinghai Jiangheyuan Investment Group and a regional food and beverage company. The funds raised this time will be mainly used for product research and development and supply chain optimization. Niu Mao Heihei brand was registered in June this year, and the product was officially launched in mid-September. The core target users are white-collar women born in first- and second-tier cities. Founder and CEO Wang Jinyi revealed that sales exceeded 500,000 yuan in the first month of listing, and the monthly order volume was about 4,000 orders. (Europe)

　　8. The State Grid Electric Vehicle Charging Piles exceeded one million, serving 5.5 million electric vehicle consumers

　　According to the news on November 20, State Grid said today that as of now, the State Grid's smart vehicle networking platform has connected more than 1 million charging piles, serving 5.5 million electric vehicle consumers, and has initially formed an electric vehicle charging network covering the whole country. (Source: CCTV News)

　　9. Alibaba Zhang Yong: In the future, the industrial Internet will be perfectly connected with the consumer Internet

　　Zhang Yong, chairman and CEO of Alibaba Group, said, "The future of the industrial Internet is the perfect connection with the consumer Internet in the future, which will play a huge role in realizing true market orientation, market-driven, and promoting supply-side reform and supply-side upgrades." The market drive makes the manufacturing side reform and products must be innovated. (Europe)

　　Cross-border newsletter

　　10. Since the pilot, Xuchang cross-border e-commerce B2B export value is US$1.36 million

　　On November 20, the E-commerce Daily learned from Xuchang Customs that since Zhengzhou Customs launched a pilot project for cross-border e-commerce B2B export supervision on July 1, the value of cross-border e-commerce B2B export goods in Xuchang has reached US$1.36 million, and the total value of goods ranks among the top three in the pilot project for cross-border e-commerce B2B export supervision in Zhengzhou Customs District.

　　It is reported that Xuchang City, Henan Province has become the largest distribution center for human hair raw materials and hair products manufacturing base in the country, and is also a world-renowned cross-border e-commerce trading center for hair products.

　　According to the "Announcement of the General Administration of Customs on the Pilot Supervision of Cross-border E-commerce Enterprises-to-Enterprise Export Supervision" issued by the General Administration of Customs, Zhengzhou Customs, as one of the 10 pilot customs, officially launched the cross-border e-commerce B2B export pilot business from July 1. Xuchang Customs is affiliated with Zhengzhou Customs and has also launched a pilot business of cross-border e-commerce B2B export. (E-commerce News)

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