#Laogao E-commerce Newsletter# [E-commerce Evening News on March 11]

Evening News: 1688: The "Signed Price" function will be gradually removed from March 11; Kuaishou E-commerce adjusts the PK sales threshold to take effect on March 18; Alibaba AliExpress may have started independent websites and self-operated businesses; Amazon Canada website cancels the minimum starting price for some products for Prime members; eBay's first investor day is expected to increase GMV in fiscal 2023 by 3%-4%...

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

E-commerce newsletter

1. 1688: The "Signed Price" function will be gradually removed from March 11

On March 11, the 1688 platform issued an announcement stating that in order to further optimize the buyer's purchasing experience and avoid confusion to buyers without a real basis for marking prices, the 1688 platform will adjust the marking price function. The announcement shows that the "Search Price" function will be gradually removed from March 11, 2022, and the original "Search Price" display will be optimized and adjusted to "Pre-event Price" for display. (E-commerce News)

2. Kuaishou’s local life business has added new hair transplant and hair care categories

On March 11, Kuaishou issued the "Announcement on the Added New Hair Transplant and Hair Care Categories and Other Adjustments in Local Life" on March 10, 2022, which will take effect on March 18, 2022. The announcement shows that under "Medical/Life Beauty Services", the secondary category and leaf category of "Hair Transplant and Hair Care" were added; for the 15 first-level categories under local life business, some leaf categories were closed and the category names were adjusted. (E-commerce News)

3. Douyin Live comprehensively manages violations of "bad live broadcast PK content"

On March 11, today, Douyin Blackboard Newspaper issued an announcement on Douyin Live to seriously rectify the "bad live broadcast PK content". The announcement shows that recently, the platform has found that some vulgar hype still exists in the live broadcast community, and bad phenomena such as malicious eye-catching, deformed aesthetics, and chaos in the "fan circle" not only destroy the platform's ecology, but also affect the user's content experience. (E-commerce News)

4. Pinduoduo is on the list. Fast Company is "Top Ten Innovative Logistics Supply Chain Companies in 2022"

March 11th news, the world-renowned business magazine "Fast Company" officially released the list of "Top Ten Innovative Logistics Supply Chain Companies in 2022". It is understood that the ten companies on the list this time focus on the fields of COVID-19 vaccine distribution, global supply chain digitalization, freight digital platform, warehouse intelligent robots, agricultural product supply chain and other fields. With the principle of "reconstructing the original domestic agricultural product logistics infrastructure and establishing a new cold chain transportation path", Chinese company Pinduoduo was selected for the first time and became the only Chinese company selected. (E-commerce News)

Internet news

5. Kuaishou e-commerce adjusts PK sales threshold to take effect on March 18

On March 11, Kuaishou E-commerce recently issued a notice stating that in order to improve the operational efficiency of PK sales scenarios, the platform has adjusted the threshold for PK sales on the premise of ensuring users' shopping and visual experience in PK scenarios. The change will take effect on March 18, 2022. According to the notice, the content of the adjustment of the PK sales threshold is: merchants with a grade of 1-3 silver and 5 stars in the shopping experience, the number of fans of the PK sales targets is adjusted from ≤20 million to no limit; merchants with a grade of 2-3 copper and 5 stars in the shopping experience, the number of fans of the PK sales targets is adjusted from ≤10 million to ≤20 million. (E-commerce News)

6. Alibaba AliExpress may have started independent websites and self-operated businesses

According to late finance, Alibaba's AliExpress, Alibaba's subsidiary, has begun to operate its own independent website and self-operated businesses in a low-key manner. It is understood that since Alibaba's overseas sector reintegration in 2021, Lazada has been responsible for the local business of overseas e-commerce, and AliExpress is responsible for the cross-border business of Chinese sellers. According to Alibaba employees, the overseas team's goal is to have a 46-6 ratio in the future cross-border business and localized business. (E-commerce News)

Cross-border newsletter

7. Allegro, the largest e-commerce company in Poland, bans the sale of Russian and Belarusian products

According to foreign media reports, from March 14, Allegro, the largest e-commerce company in Poland, will ban the sale of products from Russia or Belarus. It is understood that the restrictions apply to quotations via forms, APIs and files, but for quotes issued, Allegro says they won't delete them, but encourages sellers to complete product quotes and auctions as soon as possible. (E-commerce News)

8. Amazon Canada website cancels the minimum starting price for some products for Prime members

According to reports on March 11, Amazon Canada recently announced the cancellation of the minimum starting price of millions of items that meet the conditions for free one-day delivery. Its free one-day delivery service is only open to Prime members, with the original starting price of US$25. The measure aims to attract more users to the Prime membership program. Currently, Amazon Canada’s Prime membership costs $109 per year, while Amazon America recently increased its annual fee to $139. (E-commerce News)

9. Amazon India Station launches new store displays corporate products under the leadership of women

3月11日消息，亚马逊印度站于3月8日宣布推出一个新店面，展示来自800多家女性领导的小企业的超过10万件产品，涵盖各种类别，包括环保礼品、健康零食、手工工艺品等。亚马逊印度销售合作伙伴服务总监Sumit Sahay称，过去几年，亚马逊平台上由女性领导的企业数量显著增加，并且2017年启动的“亚马逊Saheli”计划目前正在为超过100万名印度女企业家提供电商服务。（电商报）

10. eBay's first investor day is expected to grow GMV in fiscal 2023 by 3%-4%.

March 11th news, eBay recently held its first investor day under the leadership of CEO Jamie Iannone. eBay said it will outline a long-term strategy for future construction. It expects the total commodity transaction volume to grow by 3%-4% in fiscal 2023 and revenue to grow by 5%-6%. GMV is expected to grow by about 5% in fiscal 2024 and revenue will increase by 7%-8%. (E-commerce News)