#Laogao E-commerce Newsletter# [February 10th E-commerce Evening News]

Evening information: Kuaishou E-commerce Spring Festival consumption trend insight report: The overall order volume increased by more than 84% year-on-year; JD.com revised the shopping return to Beijing beans rules: after the order is completed, you need to click to collect it; Kuaishou E-commerce will launch the "restricted withdrawal" function for users who have not paid liquidated damages; Amazon sued two companies that have created false five-star praise; French e-commerce sales reached 129 billion euros in 2021, an increase of 15.1% year-on-year...

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E-commerce newsletter

1. Kuaishou E-commerce Spring Festival consumption trend insight report: Overall order volume increased by more than 84% year-on-year

According to February 10, Kuaishou E-commerce recently released the "2022 Spring Festival Consumption Trend Insight Report", which comprehensively presents the consumption trend changes of urban residents living in third-tier cities during the Spring Festival in 2022 through comparison with the purchase of goods during the same period of the lunar calendar last year. The report pointed out that from January 1 to February 3, the overall order volume of Kuaishou e-commerce increased by more than 84% year-on-year compared with last year, and the GMV increased by 121% year-on-year. Among them, clothing, shoes, shoes, food, beauty, personal care, jewelry, watches, and mobile phones became the top 5 most popular products. (E-commerce News)

2. Suning.com Logistics Spring Festival service data: the completion rate of home appliances and home decoration at one time is 96%.

According to the news on February 10, data released by Suning.com recently showed that during the 2022 Spring Festival, consumers across the country had high demand for home decoration categories such as mattresses, bathrooms, study tables, etc., and Suning.com Logistics will not close during the Spring Festival, completing logistics services for all provincial capital cities, 200+ prefecture-level cities, and thousands of district and county users in the country. During the Spring Festival, Suning.com home appliances and home decorations will be delivered at one time at a time of 96%, and the national delivery time rate will reach 100%. (E-commerce News)

3. JD.com revises the shopping return rules for Beijing beans: After the order is completed, you need to click to collect it.

On February 10, JD.com released the "Announcement on the Revision of the Rules for Shopping Return to Beijing Beans" today. Users need to upgrade JD App to the latest version; PLUS users will remain unchanged and will automatically arrive after shopping beans are distributed. JD.com said that the rule will gradually take effect from February 17, 2022, and is expected to cover all JD users on February 28. (E-commerce News)

4. The Shenzhen Company of Orange Heart Youxuan has been cancelled for less than one year.

According to news on February 10, Tianyan Check information shows that recently, Shenzhen Chengxin Youxuan Technology Development Co., Ltd. has undergone industrial and commercial changes, and the company's status has been changed to cancellation. The company was established in April 2021. The legal representative is Yuan Wei, with a registered capital of RMB 5 million. Its business scope includes food sales; road cargo transportation; takeaway delivery services; agricultural and sideline products sales, etc. Shareholder information shows that the company is wholly owned by Chengxin Youxuan (Chengdu) Technology Development Co., Ltd. (E-commerce News)

Internet news

5. Kuaishou E-commerce will launch the "restricted withdrawal" function for users without paying liquidated damages

According to February 10, Kuaishou E-commerce recently issued a FAQ related to the restriction on withdrawal of liquidated damages without payment. In order to reduce the merchant’s violation rate and improve merchants’ awareness of compliance operations, Kuaishou E-commerce will launch the “restricted withdrawal” function in the near future in accordance with the provisions of Article 7.13, item 9 of the General Rules of Kuaishou Stores, and restrict the withdrawal of the goods to users who have not paid liquidated damages. The payment for goods in the WeChat account/Alipay account/Anxin Wallet/Shop balance opened by the violating user on the platform will be restricted from withdrawing cash, and the amount of restricted withdrawal is the total amount of unpaid liquidated damages. (E-commerce News)

6. Pinduoduo's last mile express delivery store

According to news on February 10, according to Yibao.com, Pinduoduo's end-level layout has expanded to the express delivery field. Recently, Duoduo Maicai announced that it has achieved system docking with express delivery companies such as Santongyida, Jitu, and Postal, opening up the sign-up process, and launching high subsidies to attract collection points to settle in. It is reported that after the Spring Festival, Duoduo Maicai released relevant advertising posters in many cities. The first batch of collection points that use its system can enjoy four major subsidies, including a 3,000 yuan settlement subsidy, a maximum of 500 yuan per day of package subsidy, free text messages and smart voice notifications, and a PDA and printer when entering. (E-commerce News)

Cross-border newsletter

7. Indian B2B e-commerce startup ElasticRun receives US$300 million in Series E financing

February 10th news, according to foreign media reports, recently, Indian B2B e-commerce startup ElasticRun announced that it had raised US$300 million in a Series E financing, led by SoftBank Vision Fund 2, and participated by Goldman Sachs, Prosus Ventures, Innoven Capital and Chimera Investment. The new round of financing makes it the latest unicorn in India in 2022, with a valuation of US$1.5 billion. ElasticRun’s technology platform and network can help the “Kinara” store purchase fast-moving consumer goods from large brands, and cooperate with banks and financial institutions to provide operating funds for the “Kinara” store and help it improve its marketing strategy through data analysis. (E-commerce News)

8. Amazon sues two companies that create false five-star praise  

According to foreign media reports, Amazon recently sued AMZTigers and TesterJob (Spain) companies because the two companies created false five-star praise to help sellers improve their ranking in search results. It is reported that the company involved in the case, AMZTigers, has 62,000 fake commenters around the world. These commenters will give five-star praise after purchasing the seller's designated products on Amazon. In addition, the whistleblower of the company involved in the case, TesterJob is an insider of the company because many staff members did not reimburse the seller and did not pay the comment fee after purchasing the designated product, and were always in a state of loss of contact. (E-commerce News)

9. French e-commerce sales reached 129 billion euros in 2021, up 15.1% year-on-year

February 10th news, the French National Association of European E-commerce, Fevad, recently released the e-commerce growth data for the French market in 2021. Data shows that in 2021, French e-commerce sales reached 129 billion euros, an increase of 15.1% year-on-year. In 2021, French online sales websites recorded more than 2.1 billion orders, a year-on-year increase of 16%. The average online purchase spending per order by French people in 2021 was 60 euros, down 0.8% from 61 euros in 2020, but is still higher than the 2019 level. In addition, sales in the fashion apparel and furniture decoration categories in France continued to grow in 2021, with sales increasing by 6% and 18% respectively. (E-commerce News)

10. Amazon India launches its second season of entrepreneurship acceleration plan

According to February 10, on February 9, local time, Amazon India announced the launch of its second season of entrepreneurship acceleration plan. The program is designed to provide specialized support to emerging Indian brands and startups to reach customers around the world. According to reports, startups participating in the second quarter startup acceleration program will have the opportunity to receive $100,000 in Amazon's equity-free grant and $10,000 worth of AWS points. Amazon India head Amit Agarwal said that over the past six years, Amazon India’s export sales have accumulated to $3 billion, and they have also established partnerships with 70,000 sellers/exporters from India. (Sina Technology)