#Laogao E-commerce Newsletter# [February 21 E-commerce Evening News]

Evening News: 1 million Bingdun Duns are sold out on the official flagship store of Tmall Olympics; Suning.com launches the "First Grab at the First Year" promotional event; Kuaishou E-commerce revises second-hand industry management standards; Lazada Singapore Station launches cashback plan "Everyday Cashback"; Wenzhou Comprehensive Bonded Zone completes its first cross-border e-commerce 9710 export business...

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E-commerce newsletter

1. All 1 million Bingdun Dun on the official flagship store of Tmall Olympics are sold out

According to February 21, from 10:00 am to 21:00 pm on February 20, 1 million Bingduns will be sold in the official Tmall Olympic flagship store, and can be purchased at every hour. On the evening of the 20th, the Olympic official flagship store announced that more than 2 million items on the shelves at 12 hours today were sold out. Data shows that in the past half a month, more than 100 million people have flocked to the Olympic Tmall official flagship store to squat at Bingdundun. They often "showed that there was still inventory in the first second, but the next second, it was prompted that it was sold out." (E-commerce News)

2. Suning.com launches the "First Grab at the First Year" promotion

According to February 21, Suning.com recently launched the "First Grab at the First Year" promotional event. This event involves multiple categories such as air conditioning, small household appliances, furniture, clothing, imported goods, kitchen appliances, 3C, and refrigerators. A relevant person in charge of Suning.com said that the focus of "the first time of the year" will be on air conditioners, especially healthier fresh air conditioners. The "first grab" has received strong support from six major brands, Gree, Midea, Haier, Hisense, Kelon, and TCL. On the 22nd, Gree Air Conditioner will be the first to start and fire the first shot of air conditioner buying. (E-commerce News)

3. JD Supermarket 2022 New Year’s Goods Festival Consumer Trend Report: Hairdressing Tools Increased by 211% year-on-year

On February 21, JD Supermarket recently released the "2022 New Year's Goods Festival Consumption Trend Report" shows that the hair care market has further moved towards refined and high-end, and home cleaning products such as laundry beads and wet toilet paper have maintained rapid growth, as well as the rise of trendy toy blind boxes and the hot sales of child seats. As the "second face", the hands have been paid attention to, and the sales of hand mask products have ushered in a big explosion, and the year-on-year growth during the New Year's Festival is more than 5 times. There is a lot of travel demand during the Spring Festival, and parents' demand for children's safe travel supplies continues to rise. Data shows that during the New Year’s Festival, sales of child safety seats increased by 80% year-on-year. (E-commerce News)

4. Kuaishou E-commerce revised the second-hand industry management standards

On February 21, Kuaishou E-commerce recently issued an announcement on the revision of the "Second-hand Industry Management Specifications", with the main revision content being to increase access to individual industrial and commercial households, clarify the scope of access categories, applicable store types and specific access standards; the "Commodity Information Requirements" adds the reference to the "Second-hand Luxury Category Product Release Specifications". The rules will officially come into effect on February 26, 2022. (E-commerce News)

Internet news

5. 1,200 warm bags from Benlai Life Network arrived at the front line of the fight against the epidemic in Suzhou

It is reported that the rapid delivery of 1,200 warm-hearted bags is due to the anti-epidemic service guarantee mechanism of Benlai Life Network, which is specifically designed to meet the frontline service needs of the fight against the epidemic. When the contract and funds are not in place, Benlai Life Network will quickly implement and perform the contract first. Benlai Life Network stated that it will work with suppliers and caring enterprises to continue to carry out public donations in anti-epidemic activities, and more love gift packages will be delivered to Suzhou's anti-epidemic frontline. (E-commerce News)

6. Qunar.com: Employees were fined for working overtime to deal with refunds for epidemics, and they have been rectified as soon as possible

According to February 21, Qunar.com was fined 3,250 yuan recently for violating the labor law. In response, Qunar.com's official response said that due to the epidemic, overtime was arranged during the long holiday during the situation with the consent of employees to ensure that consumers' demands were responded to as soon as possible during the epidemic. Although overtime pay has been paid and arrears of remission of the overtime vacation, it does violate the restricted time regulations for overtime work. Qunar.com said that the company respects the government's punishment decision and has deeply realized the seriousness of the problem. At the same time, we actively organize and carry out relevant training for managers at all levels to effectively ensure the implementation of various interests of employees. (E-commerce News)

Cross-border newsletter

7. Lazada Singapore Station launches cashback plan "Everyday Cashback"

On February 21, Lazada Singapore Station recently launched the cashback plan "Everyday Cashback", providing 9% cashback to Singapore consumers who meet the purchase requirements. It is reported that Everyday Cashback funds come from S$50 million that the platform previously collected. Lazada said it promised to use the funds to provide relief to Singapore shoppers experiencing inflation and rising global food prices. Lazada Singapore Station said in a statement that consumers will receive cash back up to S$20 if the products purchased by consumers are 600,000 qualifying items, including electronic products, home, lifestyle, health and beauty. (E-commerce News)

8. Wenzhou Comprehensive Bonded Zone completes its first cross-border e-commerce 9710 export business

On February 21, according to the "Wenzhou Comprehensive Bonded Zone", on February 18, the Wenzhou Wenmaotong cross-border e-commerce platform of Dalong.com opened 9,710 cross-border trade orders in the Wenzhou Comprehensive Bonded Zone. The exported products are mainly leather shoes produced in Wenzhou, with a value of more than 80,000 US dollars. They were declared by Wenzhou Evelyn International Trade Co., Ltd. and their destination is Greece. It is reported that the Wenmaotong cross-border e-commerce platform will in-depth cooperation with 10 local industrial belts in Wenzhou, incubate 20 cross-border e-commerce companies, form more than 5,000 standard containers for freight and ship, and strive to achieve a local new foreign trade export volume of US$100 million by the end of the year. (E-commerce News)

9. Samsung SDS joins Amazon AWS's "exclusive global business network"

February 21 news, recently, South Korean IT solutions and service provider Samsung SDS announced that the company has joined the "exclusive global commercial network" of Amazon's network services company. MSP refers to a business that transforms customers' digital infrastructure into cloud and provides follow-up services. It is understood that the AWS Network is an alliance with its members including many global multinational companies such as Verizon and NEC. Samsung SDS is currently the only Korean company involved in the network. Members of the network will become Amazon Cloud Technology's global business partners. (E-commerce News)

10. Ministry of Finance and 8 other departments announced the adjustment of the list of imported goods for cross-border e-commerce retail

According to the website of the Ministry of Finance, recently, the Ministry of Finance, the National Development and Reform Commission and other eight departments issued an announcement that from March 1, 2022, the list of cross-border e-commerce retail imported goods will be optimized and adjusted. This adjustment has added 29 items including ski equipment, household dishwashers, tomato juice, and other products with strong consumer demand in recent years, based on the list of cross-border e-commerce retail imports. At the same time, the tax code number list of some commodities has been adjusted based on the changes in my country's tax items in recent years, and the product notes on some list are adjusted and optimized according to regulatory requirements. It is reported that after this optimization and adjustment, the number of items on the list will reach 1,476. (E-commerce News)