#Laogao E-commerce Newsletter# [November 19 E-commerce Evening News]

Evening News: Alibaba Q2 Financial Report: Taote's annual active consumers exceeded 240 million; Douyin e-commerce added a new "Fake One Loss Ten" service specification to take effect on November 25; Kuaishou E-commerce announced the "Kuaishou 1212 Fan Festival" merchant gameplay; Amazon rose 4.14% on Thursday and announced that it will increase FBA delivery fees; American takeaway giant DoorDash will start its German business...

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E-commerce newsletter

1. Alibaba Q2 financial report: Taote's annual active consumers exceeded 240 million

According to November 19, Alibaba Group announced its second quarter financial report for the 2022 fiscal year. According to the financial report, Taote grew rapidly, with 50 million new active users in a single quarter and more than 240 million annual active consumers. This is the third consecutive quarter since 2021, with all users increasing by more than 40 million. It is understood that in May this year, Taobao Special Edition announced its brand upgrade and officially changed its name to Taobao. The birth of Taote has always been considered a benchmark against Pinduoduo. From its launch to its users exceeding 240 million, it only took Taote 18 months, which was 9 months faster than Pinduoduo. (E-commerce News)

2. 1 Yao.com's net income in Q3 2021 reached 3.35 billion yuan, up 41.6% year-on-year

According to November 19, 1 Pharmaceutical Network today announced its unaudited financial results for the third quarter ended September 30, 2021. The report shows that in the third quarter, 1 Yao.com's net income was 3.35 billion yuan, a year-on-year increase of 41.6%; under non-US general accounting standards, the net loss attributable to common shareholders was 213.4 million yuan, compared with 94.4 million yuan in the same period last year; gross profit increased significantly, an increase of 85% year-on-year, twice the revenue growth rate; gross profit margin increased from 3.8% to 5.0%. During the reporting period, the gross profit of the B2B sector of the company's core business reached 142 million yuan, an increase of 145% year-on-year, and the revenue scale of diversified services reached 24.4 million yuan, an increase of 106% year-on-year; the production capacity of the distribution center increased by 148% year-on-year. (E-commerce News)

3. Douyin e-commerce’s new “Fake One and Ten” service specification will take effect on November 25

On November 19, Douyin E-commerce recently issued a notice stating that in order to protect consumer rights and regulate merchants' business behavior, the ""Fake One Compensation Ten" Service Standard" has been added, and the new regulations will take effect on November 25, 2021. According to the official definition, the "fake one compensation ten" service refers to the merchant's promise that when a consumer purchases a product containing the "fake one compensation ten" logo in his store, if he confirms that the product is a fake after receiving the goods, the merchant must return the price of the product and pay ten times the price. If the merchant fails to compensate as promised, the platform will deduct the merchant’s deposit or other funds from the merchant to compensate the consumer. (E-commerce News)

4. Kuaishou E-commerce announces the "Kuaishou 1212 Fan Festival" business gameplay

According to November 19, Kuaishou E-commerce recently launched the super promotion IP "Kuaishou 1212 Fans Festival" and released the most comprehensive combat strategy for the 1212 Fans Festival. It is reported that the event will start investment from November 12 to 20, a warm-up match will be held from November 26 to 27, and the official period will be entered from November 28 to December 12. This Kuaishou 1212 Fans Festival will focus on four core gameplay methods, covering merchant experts, brand merchants, platform welfare, and STAGE live broadcast operation methodology, focusing on strong traffic, wide channels, many benefits, and fast growth. (E-commerce News)

Internet news

5. Pinduoduo affiliated companies disclose patents related to "agricultural product cultivation methods"

According to news on November 19, Tianyan Check information showed that on November 19, Pinduoduo's affiliated company Shanghai Xunmeng Information Technology Co., Ltd. disclosed the patent information of "agricultural product planting methods, devices, systems, equipment and storage media". The application announcement number is CN113661866A, and the application time is August 20, 2021. The present invention realizes automatic control of various equipment for greenhouse planting, thereby promoting and improving the planting results and planting efficiency of crops. (E-commerce News)

6. Hello Taxi is launched and the owner's service is divided into Zhuhai and Wenzhou.

Users can comment on car owners' civilized and polite words and on-time driving, and car owners will also get additional platform rights after high-service. Specifically, car owners on the Hello Taxi platform can accept orders assigned by the platform or choose orders by themselves. The higher the service score of the car owner, the higher the priority of grabbing orders, and the priority of selecting orders can also be obtained, and the corresponding income obtained by car owners is also higher. It is reported that the first batch of Hello Taxi owner service products are launched in Zhuhai and Wenzhou. (E-commerce News)

Cross-border newsletter

7. Amazon rose 4.14% on Thursday and announced it will increase FBA delivery fees

According to news on November 19, at the close of US stocks on Thursday, Amazon rose 4.14% to US$3,696.06, with a total market value of US$1.87 trillion. It is understood that Amazon's US site recently announced that it will adjust the Amazon logistics delivery fee for US site, and will take effect on January 18, 2022. Additionally, for all large standard size items, Amazon will use the larger value of the item weight or volume weight to determine its delivery weight. Amazon said in the announcement that in order to offset the high durable operating costs that will face in the future, the logistics and delivery costs have been raised, and the changed costs are still 30% lower than the average cost of sellers' self-delivery orders. (E-commerce News)

8. Global cross-border payment company "Air Cloud Hui" completed US$100 million E1 round of financing

On November 19, the global cross-border payment company "Air Cloud Hui", recently announced that it had completed a US$100 million E1 round of financing. After completing the oversubscribed Series E financing a month ago, the company's valuation rose to US$5.5 billion, continuing to accelerate the global market layout. This round of financing was led by Lone Pine Capital, with existing investors, ANZ Ventures, 1835i Ventures and Sequoia Capital China Fund. After this round of financing, Airwallex Air Cloud Hui's E round of financing totaled US$300 million, with a cumulative financing scale of US$802 million. According to reports, in the third quarter, Air Cloud Hui's revenue increased by 165% year-on-year, with annual revenue exceeding US$100 million. (E-commerce News)

9. Amazon expands storage locker network to more than 1,800 locations in Japan

On November 18, Amazon recently announced that it will significantly expand its Amazon locker network in Japan, installing lockers in more than 1,800 locations in 23 prefectures across the country, including Tokyo, Saitama, Chiba and Osaka. It is reported that through this network expansion, Amazon Japan will allow nearly 130 partner companies to install lockers and receive orders based on their customers' diverse lifestyles. (E-commerce News)

10. DoorDash, the American food delivery giant, will start German business

On November 19, the American takeaway giant DoorDash will land in Stuttgart, Germany, and enter the European market for the first time. Previously, DoorDash's market scope has been expanding, including the United States, Canada, Australia and Japan. It is reported that at present, only 18.5% of restaurants in Germany provide takeaway services in the Internet market. (E-commerce News)