#Laogao E-commerce Newsletter# [November 23 E-commerce Evening News]

Evening News: Kuaishou: The total e-commerce transaction volume in Q3 2021 reached 175.8 billion yuan, an increase of 86.1% year-on-year; JD × Shangpin Home Delivery’s first offline super home experience store officially opened; Sydney Lin Shanshan apologized for tax evasion: suspend live broadcasts and pay taxes in a timely manner; 2021 new retail service providers: Duodian Dmall, Youzan, and Alibaba Retail Connect ranked the top three; eBay UK predicts that 66% of consumers purchase goods from small business sellers...

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

E-commerce newsletter

1. JD.com × Shangpin Home Delivery's first offline super home experience store officially opened

According to November 23, JD × Shangpin Home Delivery's first offline super home experience store officially opened. It is reported that the total area of ​​the experience store is nearly 3,000 square meters, and can provide consumers with free design, free measuring ruler, free home rendering services, as well as one-stop home hard decoration, whole-house customization, and whole-house supporting home solutions. (E-commerce News)

2. Kuaishou: The total e-commerce transaction volume in Q3 2021 reached 175.8 billion yuan, an increase of 86.1% year-on-year

According to the news on November 23, Kuaishou's third-quarter financial report for 2021 showed that Kuaishou's other services achieved revenue of RMB 1.9 billion in the third quarter of 2021, an increase of 53.0% year-on-year, mainly driven by e-commerce business. In the third quarter of 2021, the total amount of e-commerce transactions reached RMB 175.8 billion, an increase of 86.1% year-on-year. In September 2021, Kuaishou's e-commerce repeated purchase rate further increased to more than 70%. The report also shows that, as the closed-loop model of Kuaishou e-commerce business, Kuaishou Store's contribution to the total e-commerce transaction volume increased from 71.4% in the third quarter of 2020 to 90.0% in the same period of 2021. (E-commerce News)

3. Suning.com and Skyworth reach a consensus on cooperation in 2022 to sprint for 500 million sales at the end of the year

November 22nd news, Shenzhen Skyworth-RGB Electronics Co., Ltd. and Suning.com reached a consensus on year-end sales and 2022 cooperation goals. Both sides will focus on the high-end color TV market, and set a sales target of sprinting 500 million in 40 days at the end of the year and Skyworth's entire category exceeding 5 billion in 2022. In this cooperation, Skyworth will make full investment in supply, price and other aspects. The two parties will lay out the strategic product ecosystem through strategies such as OLED, AIoT, C2M customization, and exclusive underwriting to create more products that meet consumer needs. (E-commerce News)

4. Sydney Lin Shanshan apologized for tax evasion: suspend live broadcast and pay taxes in a timely manner

On November 23, the Hangzhou Taxation Bureau of the State Administration of Taxation recently issued a notice stating that online anchors Cherie and Lin Shanshan will be recovered in accordance with the law for tax evasion, add late payment fees and fined 65.5531 million yuan and 27.6725 million yuan respectively for tax evasion. Regarding this matter, Sydney and Lin Shanshan issued an apology letter to apologize to users. The two said that they would suspend live broadcasts in the live broadcast room and regulate and rectify them; at the same time, they would operate more in compliance with regulations and pay taxes in accordance with the law. Sydney said that in the past few months, she has actively cooperated with the tax authorities in the investigation and fully accepted the administrative penalty decisions made by the tax department in accordance with the law, and will promptly pay taxes, fines and late payment fees. (E-commerce News)

Internet news

5. The top 30 new retail service providers in 2021: Duodian Dmall, Youzan, and Alibaba Retail rank among the top three

On November 23, recently, the Chinese Internet media "Internet Weekly" released the "Top 30 New Retail Service Providers in 2021", with Duodian Dmall, Youzan and Alibaba Retail ranked in the top three. It is understood that Duodian Dmall has reached cooperation with more than 120 chain retailers, brand owners, etc., covering 15,000 stores in four countries and regions. Alibaba Retail is an Internet one-stop purchase platform for offline retail stores launched by Alibaba's B2B business group for offline retail stores, providing ordering, logistics, marketing, value-added services, etc. for urban community retail stores. (E-commerce News)

6. Meituan Youxuan’s first permanent “Fresh Direct Purchase” base logo was unveiled in Jiaxing, Zhejiang

On November 23, Meituan Youxuan, a community e-commerce platform under Meituan, was officially unveiled in Hongling Village, Xitang Town, Jiashan County, Jiaxing City, Zhejiang Province. It is understood that the rice production in Hongling Village is fully mechanized, and the annual rice production can reach 5,000 tons. A relevant person in charge of Meituan Youxuan said that the "Direct Agricultural Fresh Purchase" plan has established a brand in the rice fields in Hongling Village this time. It is hoped that through the collection and marketing of community e-commerce, it can continue to help local rice reduce circulation costs such as boarding and dropping fees, etc., and arrive in consumers the next day through centralized collection and transportation. (E-commerce News)

Cross-border newsletter

7. eBay UK predicts that 66% of consumers buy goods from small business sellers

According to November 23, eBay recently made a prediction for the "Black Friday" sales of the UK site. eBay predicts that two-thirds (66%) of UK consumers will plan to buy goods from small businesses on Black Friday this year. Also, nearly one-third (30%) of UK consumers intend to sell their items to fund their shopping. Although product quality remains the same, used items on eBay are usually sold at 50% of the original price. (E-commerce News)

8. Amazon fined $2.5 million for illegally selling industrial-grade insecticides

On November 23, the Attorney General's Office of the Washington State announced on Monday that it had imposed a $2.5 million fine on Amazon for illegally selling industrial-grade pesticides to consumers without permission. It is reported that Washington state strictly regulates the sales of strong pesticides, requiring companies to hold specific licenses and retain sales records when selling agricultural or industrial pesticides. The office says these industrial pesticides are different from regular home and gardening products, but Amazon doesn’t specify the difference anywhere on its website or product page, which can have catastrophic consequences. At present, Amazon has stopped selling all regulated pesticides. (E-commerce News)

9. US food delivery giant DoorDash settles compensation for riders $5.1 million

According to reports on November 23, it is reported that the American catering takeaway company DoorDash was investigated by the government departments of San Francisco, California for violating labor laws. Government lawyers announced on Monday that they had reached a settlement with DoorDash, and the company would pay more than $5 million, with the vast majority of the funds to be paid to takeaway riders. However, in the settlement, DoorDash did not admit to the wrong behavior, and the company said it was proud of the flexible employment opportunities provided by the society. (E-commerce News)

10. News says ByteDance will close Indian online education business SnapSolve

On November 23, according to foreign media citing people familiar with the matter, ByteDance has notified its Indian team that it will close the company's online education business in India. Previously, in March 2020, ByteDance launched a photo search application called SnapSolve in India. It is understood that SnapSolve's main audience is a group of students from grades 6 to 12, and its areas of focus are mathematics, physics, chemistry, biology, science and other disciplines. According to SnapSolve's official website data, more than 14 million students have chosen to use the app. (E-commerce News)