#Laogao E-commerce Newsletter# [November 17 E-commerce Morning News]

Morning News: Royal Mail launches the first "all-electric" delivery outlet; Hello Travel discloses new patents to provide a shared moped-car owed payment plan; NetEase CEO Ding Lei: NetEase is ready for the related technologies and planning of the Metaverse; WeChat mini-program payment self-service cloud flash payment function is launched...

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E-commerce newsletter

1. NetEase CEO Ding Lei: NetEase is ready for the related technologies and planning of the metaverse

According to news on November 17, NetEase founder and CEO Ding Lei responded to the meta-universe issue that the outside world is extremely concerned about. He said that NetEase has made preparations for the meta-universe technology and planning. When the time is ripe, "NetEase may run faster than anyone else." It is worth mentioning that previously, Facebook announced that the company was renamed Meta. At the same time, Microsoft also announced projects related to the metaverse in its blog. According to reports, the metaverse is a concept that integrates the digital world with the real world. (E-commerce News)

2. WeChat mini program payment self-service activation of cloud flash payment function online

On November 17, the WeChat mini program payment self-service cloud flash payment function was officially launched a few days ago. According to Tencent, WeChat mini-programs have gradually supported cloud flash payment and have opened merchant access one after another. At the same time, Tencent Animation App also fully supports Cloud Flash Payment, becoming the third Tencent-based app to open interconnection after Tencent Video and WeChat Reading. On November 12, the number of partners in Tencent WeChat Pay and banking institutions has also increased to 12. (E-commerce News)

3. Weiya responded to abnormal operations of its pasta company: It was a change in industrial and commercial information and has not been announced.

According to November 16, the pasta brand "Fengweipai" jointly founded by e-commerce anchors Weiya and Nicholas Tse, whose company, Hangzhou Fengweipai Food Co., Ltd., was included in the abnormal business directory. The reason for the inclusion is that "cannot be contacted through the registered residence or business premises". The inclusion date is November 10, 2021. Regarding this incident, Weiya said that in order to facilitate management, the office address has been moved, and the change of enterprise registration information of the industrial and commercial system has been completed. According to the relevant provisions of the "Regulations on Disclosure of Enterprise Information", enterprise information shall be publicized within 20 working days from the date of its occurrence, so if the public inquires about industrial and commercial information, it will show abnormalities. (E-commerce News)

4. Hello Travel discloses new patents to provide a plan for users to collect payments from shared moped cars due to arrears

According to news on November 16, Tianyan Check information shows that Hello Travel's affiliated company Shanghai Junzheng Network Technology Co., Ltd. has disclosed a number of invention patent information today, one of which is called "Cash Management Methods, Systems, Terminals and Media for Unpaid Users". Application Publication No. CN113657901A, and the application date was July 23, 2021. According to reports, for users with arrears of fees with shared moped cars, this method adopts different personalized payment plans based on the user's historical payment characteristics and the arrears stage. While increasing the collection success rate, it improves the user experience and saves collection costs. (E-commerce News)

Cross-border newsletter

5. Royal Mail launches the first "all-electric" delivery outlet

On November 17, according to the official Weibo of the Postal Research Institute, recently, Royal Mail announced the establishment of the first outlet in Glasgow, Scotland that features an all-electric fleet. Royal Mail cooperated with Glasgow's BP Pulse company to complete infrastructure construction and install 8 7kW charging points. The vehicle is powered by 100% renewable hydraulic, solar and wind power. The outlets were selected in Glasgow because of the city's low-emission zone plan, which requires vehicles to meet specific emission standards before entering the city center. Currently, other delivery agencies across the UK are considering a similar fleet renovation in the coming months. ((E-commerce News)

6. Shopee's parent company Donghai Group's net loss in the third quarter expanded to US$569 million year-on-year

On November 17, Shopee's parent company Donghai Group's net loss in the third quarter expanded to US$569 million year-on-year. The group also announced that Shopee President Feng Zhimin was appointed as the group's president on January 1 next year, and retained the position of Shopee President and President of SeaMoney, a digital financial service network. Previously, Shopee announced that its 11.11 promotion sold 11 million items in 5 minutes at the beginning of the first 2-hour promotion, and the number of visits to the platform increased to 5.5 times on weekdays. The number of new cross-border sellers participating in the Shopee 11.11 promotion for the first time reached 2.5 times on weekdays. (E-commerce News)

7. Walmart's third-quarter revenue increased by 4.3% year-on-year

According to news on November 16, Walmart released its third quarter financial report for the 2022 fiscal year ended October 31. According to the financial report, in the third quarter of this fiscal year, the company's revenue was US$140.525 billion, a year-on-year increase of 4.3%; net profit attributable to shareholders reached US$3.105 billion, compared with US$5.135 billion in the same period last year, a year-on-year decrease of 39.5%. In the first three quarters, the company's revenue was US$419.883 billion, a year-on-year increase of 3.1%; net profit attributable to shareholders was US$10.111 billion, a year-on-year decrease of 35.2%. GAAP earnings per share are expected to be approximately US$5.00 for fiscal 2022 and adjusted earnings per share are approximately US$6.40. (E-commerce News)

8. Italian Post launches 90-minute instant delivery service

On November 16, Italian Post launched C2C "90-minute instant delivery service" in Rome and Milan, as well as same-day delivery and next-day delivery services. It is understood that users who choose the same-day delivery or the next-day delivery service can choose to place an order before morning, noon and 23:00 pm, or track and manage parcel logistics information. It is worth noting that the Italian Postal Service plans to expand the above products nationwide in 2022. Data shows that in the third quarter of 2021, the Italian Post Group's revenue increased by 7% to 2.8 billion euros, and its operating profit increased by 18% to 566 million euros, and its net profit increased by 14% to 400 million euros. (E-commerce News)

Internet Information

9. eBay Canada expands sneaker certification service to the US market

According to reports on November 16, it was reported that eBay Canada's authentic sneaker certification service was only open to consumers in the country. Currently, eBay covers the second section of the shipping process from the certification center to a destination anywhere in the United States or Canada. Buyers in the United States will be responsible for any taxes or duties they purchase. It is reported that eBay’s authentic guarantee is designed to increase the trust between sellers and buyers, because selling a pair of authentic sneakers requires multiple inspection procedures, including size labels, packaging boxes, soles, stitching, logos, heel labels, shoelaces, etc. (E-commerce News)

10. Cainiao cooperates with shipping company Atlas Air to strengthen cross-border transportation in Latin America

On November 17, Cainiao announced in-depth cooperation with shipping company Atlas Air to further improve and increase speed, thereby strengthening cross-border trade between China and Latin American countries. It is reported that Atlas will add a B747-400F cargo aircraft this time, responsible for transporting goods between Hong Kong, Santiago and Chile. At present, the number of dedicated aircraft serving Cainiao Network has increased to 5, an increase of 144% compared with October last year. According to reports, the cooperation between Cainiao and Atlas began in October 2020, when Atlas had three cargo planes specifically for Cainiao, with flights between Hong Kong and Brazil or Chile. The further cooperation between the two parties will increase Cainiao's overall warehouse delivery speed and air freight efficiency by more than 40%. (AMZ123)