Morning News: Suning.com releases Double 11 home appliance combat guide; Douyin e-commerce launches 5 support measures to help Shanxi merchants fight disasters; Amazon launches Amazon Prime service in Poland; Cainiao launches local express delivery business in Spain; Qinhuangdao, Hebei, signed a strategic cooperation agreement with JD Group...
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E-commerce newsletter
1. Taobao added "Taobao Live Rough Stone Industry Management Specifications"
The announcement stated that in order to better promote the healthy development of Taobao Live Raw Stone Industry, standardize market operation order, and create a good market environment, Taobao will add the "Taobao Live Raw Stone Industry Management Standards". The change of the rules will be announced on October 12, 2021 and will officially take effect on October 19, 2021. (E-commerce News)
2. Alibaba's American depositary shares rose 17% in the past five trading days
According to news on October 13, on Tuesday local time, Alibaba's American depositary stocks pressed the pause button, giving up part of the 17% increase in the past five trading days. Alibaba's price-to-earnings ratio is only 17 times, lower than Tencent's 24 times and JD's 38 times. He said that Meituan's fine "has some investors believe that supervision of the technology industry will be relaxed." Improved consumer spending in the Golden Week is also a reason for Alibaba's stock price to rise. Analysts expect Alibaba's share price to rise 51% in the next 12 months, with Tencent and Meituan rising 32% and 20% respectively. (E-commerce News)
3. Douyin e-commerce launches 5 support measures to help Shanxi merchants fight disaster situations
On October 12, Douyin E-commerce announced today that it would launch five support measures, including reducing technical service fees, opening a 24-hour service dedicated line, and extending merchant shipment and after-sales service hours for Shanxi merchants to help Shanxi merchants fight the disaster and resume normal production and operation. In response to the restricted logistics, Douyin e-commerce has also made targeted adjustments to the assessment and calculation of merchants' related experience points. (E-commerce News)
4. Suning.com releases Double 11 home appliance combat guide
On October 12, Suning.com Double Eleven Electrical Industry Merchant Conference was held in Nanjing today. According to reports, the Suning.com home appliances Double Eleven National Carnival focuses on six core gameplay methods including super hot products, industry subsidies, multiple categories of purchases, multiple discounts, immediate financial payment reduction, and old-for-new trading. The first round of pre-sales for this Double Eleven will be opened at 8 pm on October 20, and the second round of pre-sales will be opened on November 6. After the platform merchants join the plan, they will not only receive full-link resource support from Suning.com platform, but also enjoy preferential policies such as hot product pits, traffic subsidies and full-time subsidies. (E-commerce News)
Cross-border newsletter
5. From January to mid-September, Wenzhou Comprehensive Bonded Zone completed 5.322 million orders
According to October 13, in recent years, Wenzhou Comprehensive Bonded Zone has built new cross-border business formats, promoting the development of cross-border e-commerce business into the fast lane and achieving a blowout growth in business volume. From January to mid-September this year, cross-border e-commerce completed 5.322 million orders, which was 428% of the order volume in 2020, with sales of 1.55 billion yuan, which was 402% of the sales in 2020. It is understood that the current cross-border e-commerce business categories in Wenzhou Comprehensive Bonded Zone are mainly concentrated in imported cosmetics, maternal and infant products, health products, etc., and the products are sent to all parts of the country. (E-commerce News)
6. Shopee adjusts the shipping fee of Taiwan's shrimp pilaerfu shipping channel buyers
On October 12, Shopee recently issued the "Notice on Adjustment of Shipping Fees for Buyers on Taiwan's Xiapi Lairfu Sea Freight Channel". The announcement stated that in order to increase the buyers’ motivation to place orders during the big sale, buyers who use the Lairfu (mass shipping) channel in Taiwan can enjoy free shipping during the big sale. This time, the buyer only paid the shipping fee, and it does not affect the seller's actual hidden price. Check the specific price list. According to Shopee, there are 5 days in October, namely October 14, October 15, October 19, October 21 and October 22; the total promotion date has 26 days, and the rest of October is the promotion date. (E-commerce News)
7. Amazon launches Amazon Prime service in Poland
October 12th news, according to Reuters, Amazon launched Amazon Prime service in Poland on Tuesday, which provides free shipping and video streaming. It is understood that Amazon's Polish website was launched in March this year, greatly intensifying competition in Poland's booming e-commerce field. Amazon Polish said its Prime service is priced at 49 zloty per year. (E-commerce News)
8. Cainiao launches local express delivery service in Spain
According to October 12, Cainiao recently officially announced that it would provide local express delivery services to local local merchants of AliExpress. According to official reports, the service has currently covered the entire mainland of Spain, about 10%-20% lower than the market price. It was first trial in August this year and has served about 100 Spanish merchants. (Yibang Power News)
Internet Information
9. Qinhuangdao City, Hebei City and JD Group signed a strategic cooperation agreement
On October 12th, yesterday, the signing ceremony for the strategic cooperation between the Qinhuangdao Municipal People's Government and JD Group was held at the headquarters of Beijing JD Group. According to the strategic cooperation agreement, the two parties will give full play to their respective advantages and carry out comprehensive strategic cooperation in the fields of R&D centers, tourism and health care, Internet medical care, smart cities, smart logistics, supply chain finance, etc. (E-commerce News)
10. Kuaishou E-commerce has added regulations on handling disputes between live pets
According to October 12, Kuaishou E-commerce recently released a new announcement on the "Pet Live Product Dispute Handling Standards". According to the announcement, this standard applies to disputes between live pet products in Kuaishou Stores. It is clearly stated that if a pet dies during transportation or dies within 7 days after the buyer receives the goods, it is deemed to be the responsibility of the merchant. If the buyer experiences symptoms of prone to death such as canine distemper, canine parvovirus disease, cat distemper, infectious hepatitis, coronavirus, canine adenovirus, viral rhintracheitis, infectious peritonitis within 14 days after receiving the goods, it is deemed to be the responsibility of the merchant. The rules will come into effect on October 19, 2021. (E-commerce News)
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