#Laogao E-commerce Newsletter# [November 1 E-commerce Morning Newsletter]

Morning News: JD.com's Double 11 officially started the top three search brands: Apple, Huawei, and Xiaomi; Li Jiaqi's official response to "the team was arrested" in the live broadcast room: it was false information; Tencent: It will invest 1.7 billion yuan in Japan to become its third largest shareholder; Amazon holds a 20% stake in Rivian, an electric vehicle manufacturer; more than 10 million people share shopping carts on Tmall Double 11...  

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

E-commerce newsletter

1. JD.com's Double 11 officially launched the top three search brands: Apple, Huawei, and Xiaomi

According to November 1st, at 8 pm on October 31, the 2021 JD.com 11.11 Global Love Season officially started. As of 22:00 on the 31st, more than one million consumers across the country have received JD.com 11.11 parcels. According to consumer search popularity statistics, the top 5 brands that are most popular among consumers are Apple, Huawei, Xiaomi, Anta, and Li Ning; the top 5 categories that are most popular among consumers are mobile phones, home appliances, milk, laundry detergent, and air fryers. According to the sales popularity statistics of the category, the TOP5 categories of orders are mobile phones, flat-screen TVs, refrigerators, washing machines, and gaming notebooks; the TOP5 categories of products sold are biscuit cakes, facial skin care, shampoo, milk and dairy products, and paper pumping. (E-commerce News)

2. More than one million consumers have received packages within two hours after JD Double 11 is turned on

According to November 1, at 8 pm on October 31, the 2021 JD.com 11.11 Global Love Season officially started. Within 4 hours from 8 pm on October 31, JD.com sold more than 190 million pieces of goods; and as of 22 pm on October 31, more than one million consumers across the country have received JD.com 11.11 packages. Since JD.com's 11.11 starts only 20 minutes, JD.com's live streaming sales exceeded the entire day of November 1 last year. The overall transaction volume of JD Home Appliances exceeded the whole day of last year. The transaction volume of JD Electric Super Experience Store Chongqing Store, Hefei Store and Xi'an Jingdong MALL in 10 minutes exceeded 10 million, of which the transaction volume of Chongqing stores increased by 710% year-on-year. (E-commerce News)

3. Li Jiaqi's official response to "the team was arrested" in the live broadcast room: it was false information

On October 31, today, Li Jiaqi’s official Weibo account issued a statement saying that the recent spread of “the team behind Li Jiaqi was arrested” and “Fat Ball made data for Li Jiaqi” are false information. We will maintain communication with relevant departments and reserve the right to pursue legal responsibilities of the publishers and disseminators of relevant rumors in accordance with the law. (E-commerce News)

4. Ele.me releases the "2021 Digital Development Report on Life Service Industry"

According to October 31, recently, the New Service Research Center under Ele.me and the China Chain Management Association released the "2021 Digital Development Report on Life Service Industry". The report shows that my country's service industry has a good foundation for the transformation to digitalization, with the number of users of online shopping and online payment reaching 812 million and 872 million respectively. Among them, the digitalization rate of the hotel industry is about 35.2%, while the digitalization rate of the housekeeping industry and the elderly care service industry is only about 3.5% and less than 1%. The report also shows that the sinking market for life services is rising rapidly. Taking takeaway users as an example, the growth of users in fourth-tier and below cities is significantly higher than that in first-tier, second-tier and third-tier cities. (E-commerce News)

Cross-border newsletter

5. Guizhou's first cross-border e-commerce "9610" business was successfully cleared

According to China News Network, on October 29, under the supervision of Guiyang Longdongbao Airport Customs, the thermos cup worth 1,200 yuan successfully boarded a plane at Guiyang Longdongbao International Airport in the cross-border e-commerce "9610" model, which marked the successful completion of Guizhou's first cross-border e-commerce "9610" export business. It is worth mentioning that in July this year, Guizhou's first cross-border e-commerce B2B "9710" export business was launched in Guiyang Comprehensive Bonded Zone, and independently declared through the cross-border e-commerce customs clearance platform of the General Administration of Customs, and took the China-Europe freight train to Corsica, France. (E-commerce News)

6. Tencent: It will invest 1.7 billion yuan in Japan Kadokawa to become its third largest shareholder

According to reports on October 30, it is reported that on the evening of October 29, KADOKAWA, Japan Co., Ltd., issued a notice document announcing the establishment of a commercial cooperation alliance with Tencent Holdings. According to the announcement, Tencent will invest 30 billion yen to acquire 6.86% of its shares, thus becoming Kakugawa's third largest shareholder. It is reported that Tencent acquired 4.86 million shares from Kakugawa at a price of 6,170 yen per share, which is Tencent’s largest transaction in Japan so far. The transaction will be conducted through Tencent’s wholly-owned subsidiary SixJoy in Hong Kong between November 15 and 26 this year. It is understood that Kakugawa Group publishes about 5,000 novels or comics every year, and also runs a video sharing website Niconico. (E-commerce News)

7. The first cross-border e-commerce industry college in Jiujiang City, Jiangxi Province was established

According to Jiujiang News Network, the unveiling ceremony of the Cross-border E-commerce Industry College, jointly founded by Jiangxi Haitao Industrial Park Management Co., Ltd. and Jiujiang Vocational University, was held at Jiujiang Vocational University. (E-commerce News)

8. Amazon holds 20% stake in electric vehicle maker Rivian

According to Cailianshe, regulatory documents submitted by Amazon show that Amazon holds a 20% stake in Rivian Automotive Inc., an electric vehicle startup. In August this year, Rivian announced that he had secretly applied for an IPO and was preparing to go public at an expected valuation of $80 billion. It is worth noting that as of September 30, Amazon's stake in electric vehicle maker Rivian was worth $3.8 billion, up from $2.7 billion at the end of last year. In addition, Amazon has signed a contract with Rivian to purchase 100,000 electric delivery vehicles by 2030, and 10,000 will be on the road as early as next year. (E-commerce News)

Internet Information

9. More than 10 million people share shopping carts on Tmall Double 11

According to October 28, today, Shentong Express released its third quarter financial report for 2021. According to the financial report, Shentong Express's revenue in the third quarter was 5.893 billion yuan, a year-on-year increase of 8.06%; the net loss in the third quarter was 91.5989 million yuan, a year-on-year decrease of 39.90%. In the first three quarters, Shentong Express's revenue was 16.91 billion yuan, an increase of 14.95% year-on-year; net profit attributable to shareholders was -237.8939 million yuan, a decrease of 4671.2% year-on-year; net profit excluding non-network was -312.0948 million yuan, a decrease of 511.51% year-on-year. Specifically, the losses are trading financial assets at most, with a cumulative loss of about 950 million yuan in the third quarter. The reason for the change is mainly due to the large number of redemptions due to the maturing financial products in this period. (E-commerce News)

10. Suning.com officially launches the pilot program of standardizing home smart supply chain in Nanjing

According to October 30, on October 29, the special launch meeting for the standardization pilot of Suning.com Home Smart Supply Chain and the unveiling ceremony of the "Home Decoration Laboratory" were officially held. It is reported that the conference discussed a series of practical achievements such as Suning.com logistics home decoration service standards, and officially launched the Nanjing standardization pilot work. Next, the pilot work of standardizing home smart supply chain will be expanded from Nanjing to the four core economic circles of Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta, and Sichuan-Chongqing. At the same time, Suning.com will also work with home furnishing brands such as Lin's Wood Industry, Gujia Home Furnishing, Zhihuashi, Shuanghu, Ajia, Zuozu, Shuhua, etc. to build home decoration laboratories in many places across the country. (E-commerce News)