#Laogao E-commerce Newsletter# [E-commerce Morning News on September 8]

      Morning news: JD.com released the Double 11 investment rules and ten merchant support measures; Suning.com's independent brand Suning Yipin reached a cooperation with Hengshun Group; Suning.com's independent brand Suning Yipin reached a cooperation with Hengshun Group; Lazada: Online customer service extended service time to 21:00 from September 7; Datong's cross-border e-commerce B2B exports achieved zero breakthroughs; Report: China's social e-commerce market regulations in 2021...

      Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. JD.com releases Double 11 investment promotion rules and ten merchant support measures

      On September 7th, today, JD held a Double 11 Merchant Conference and officially released JD Double 11 investment rules and 10 merchant support measures to help brands and merchants achieve "reduced costs and expenses, improved traffic and efficiency" during JD 11.11. It is understood that JD Double 11 will start this year in late October, and it is divided into four stages: "pre-sale period", "category period", "climax period" and "return period". The JD Double 11 merchant registration channel will be opened in mid-September. It is worth noting that this year JD Double 11 will continue to simplify rules and lower the participation threshold for small and medium-sized merchants, and provide support in terms of advertising, traffic, etc.

2. Suning.com's independent brand Suning Yipin reached a cooperation with Hengshun Group

      September 7th news, yesterday, Suning.com's independent brand Suning Yipin reached a cooperation with Hengshun Group to jointly promote product series serving young people, such as vinegar sauce, wolfberry oral vinegar, garlic dumpling vinegar, etc. It is reported that the two parties will use the live broadcast platforms and social channels of social e-commerce companies to promote cooperative products. In the future, both parties will jointly develop new products to serve young users. It is planned to launch new products at the end of September, and to serve the market in early October, and focus on sales. (E-commerce News)

3. The 2021 Farmers’ Harvest Festival Golden Autumn Consumption Season will be launched. Alibaba will issue more than 10 million harvest coupons.

      On September 8, on September 7, the 2021 China Farmers’ Harvest Festival Golden Autumn Consumption Season, jointly initiated by the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, China Central Radio and Television Station, and the All-China Supply and Marketing Cooperatives, was launched in Beijing. Alibaba is the cooperation platform, and Taobao anchor Weiya was added as the promotion ambassador of the China Farmers’ Harvest Festival. Weiya, the new Harvest Festival promotion ambassador and well-known Taobao anchor, will launch a special live broadcast event for the "Harvest Festival" to recommend high-quality agricultural products from all over the country to netizens across the country. (E-commerce News)

4. Dada Group's total net revenue in Q2 was 1.4746 billion yuan and its net loss was 640.4 billion yuan.

      According to September 8, Dada Group announced its second quarter financial report for the 2021 fiscal year today. Among them, in the 12 months ended June 30, 2021, the total transaction volume of JD.com Home was 32.3 billion yuan, an increase of 76.7% compared with the 18.3 billion yuan in the 12 months ended June 30, 2020. In the 12 months ended June 30, 2021, the number of active consumers was 51.3 million, compared with 32.3 million in the 12 months ended June 30, 2020. (E-commerce News)

Cross-border newsletter

5. B2B cross-border procurement company Geniemode receives US$2.25 million in financing

      September 7 news, according to foreign media reports, Geniemode, a global B2B cross-border procurement and supply chain startup, recently announced that it had received a seed round of financing of US$2.25 million. According to reports, Geniemode can provide buyers and suppliers with a standardized procurement process that is visible in real time, and procurement in the fields of furniture, home, hard currency and fashion will be more efficient and convenient after this round of financing. Currently, Geniemode has many customers from the United States, the United Kingdom, Mexico and India, and these consumers can source products from more than 100 suppliers in India and Bangladesh. (E-commerce News)

6. Lazada: Online customer service will extend service hours to 21:00 from September 7th

      On September 7th, Lazada issued a notice today saying that recently merchants have been working overtime to sprint for the 9.9 promotion. In order to better serve merchants, from September 7th, Lazada's cross-border customer service team will extend the online customer service service hours, and the working hours will be adjusted from 9 a.m. to 21 p.m. from Monday to Sunday. During this period, merchants can obtain further help from manual agents through online consultation. (E-commerce News)

7. Amazon, Uber, Google, Apple and others will return to the office to work until next year

      September 8 news, according to foreign media reports, Uber supervisors decided after discussion at an online meeting last week that they agreed to follow other announced companies and postpone the date of resuming work in the office. Uber originally planned to restart its office on October 25 this year, but now it has been postponed to January 10, 2022. It is reported that since American companies have allowed employees to work remotely due to the epidemic, the date of resuming work in the office has been changed again and again. Senior executives of these well-known companies have said that in addition to reducing the risk of employees' infection, decision-making reasons include avoiding the date of reopening offices and making changes, resulting in repeated delays. (E-commerce News)

8. Datong City cross-border e-commerce B2B export achieves zero breakthrough

      September 8th news, recently, the first batch of cross-border e-commerce B2B direct export goods in Datong City were successfully declared and exported to Japan. It is reported that this batch of goods is a TV antenna declared by Shanxi Shengtongchang Zhongchuang Space Co., Ltd. As the first application company for the B2B direct export of cross-border e-commerce, the person in charge of Shanxi Shengtongchang Zhongchuang Space Co., Ltd. said that Datong Customs conducted a detailed policy interpretation for the company in the early stage and arranged a dedicated person to guide the filing. The whole process went very smoothly. (E-commerce News)

Internet Information

9. Report: It is estimated that China's social e-commerce market size will reach 5.8 trillion yuan in 2021

      September 7th news, recently, the Social E-commerce Branch of the China Service Trade Association released the "2021 Social E-commerce Innovation and Development Report". Data shows that the scale of China's social e-commerce market is expected to reach 5.8 trillion yuan in 2021, a year-on-year increase of 45%. The report pointed out that social e-commerce has a coexisting development pattern. In addition to the rapid growth of live e-commerce and community group buying, social shopping guides are favored by mothers, college students and unemployed groups due to their low risk and zero threshold, and have gradually become a new model of entrepreneurship and employment for the new individual economy. (E-commerce News)

10. The "Taobao Platform Banned Information Management Rules" adds a ban on the sale of radioactive substances and radiators

      On September 8, Taobao issued a notice on September 7 that prohibiting the sale of radioactive substances and radio equipment products on the "Taobao Platform Prohibited Information Management Rules". In order to standardize the market management order of Taobao online shopping platform, create a safe and secure online shopping environment for consumers, and enhance consumers' purchasing confidence and satisfaction, Taobao will add new ban on the sale of radioactive substances and radio equipment products in the "Taobao Platform Prohibited Information Management Rules" on the rules on hazardous chemicals and flammable and explosive items. The change of the rules will be announced on September 7, 2021 and will officially take effect on September 14, 2021. Main changes: New rules for banning the sale of radioactive materials and radio equipment.