#Laogao E-commerce Newsletter# [March 15th E-commerce Morning News]

Morning news: E-commerce starts selling self-test products for COVID-19: results are available in as fast as 10 minutes; Douyin launches second-hand good products channels and recycling consignment services; Zhejiang Consumer Protection Committee trials the establishment of consumer rights protection contact stations on 5 e-commerce platforms including Tmall; Amazon Saudi station launches free instant delivery services for Prime members; Fast fashion cross-border DTC brand Wuwang cross-border completed a US$5 million Pre-A round of financing...

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E-commerce newsletter

1. E-commerce starts selling new crown self-test products: results are released in as fast as 10 minutes

According to March 15, the new crown antigen self-test kit has been launched on major e-commerce platforms recently. Multi-merchant platforms can search for new crown antigen self-test kit products, and the platform can be purchased in stock. Most platforms such as Meituan are "available for purchase". The published "Application Plan for Antigen Testing of New Coronavirus (Trial)" (hereinafter referred to as the "Plan") shows that the applicable population of antigen testing mainly includes three categories: one is people with symptoms such as respiratory tract and fever and have symptoms within 5 days; the second is people with isolation and observation, including home isolation observation, close contact, entry isolation, blockade and control areas, and the third is community residents with the need for self-testing of antigens. The "Plan" clearly states that community residents can purchase antigen detection reagents by themselves through retail pharmacies, online sales platforms and other channels. (E-commerce News)

2. TikTok launches second-hand good goods channel and recycling consignment service

According to "Xinyan Finance", the "Second-hand Goods" channel has been launched in the Douyin Mall, specifically for the sale of second-hand products and live streaming of second-hand products. In addition, Douyin E-commerce has also launched a "recycling and consignment" service, which is embedded in the "Second-hand Goods" channel. Users can directly send the second-hand goods in their hands to the platform for valuation. After the platform's valuation, users can choose to directly recycle it by the platform. (E-commerce News)

3. JD.com Home: Pre-order of new crown antigen self-test reagent has been enabled

On March 14, the new crown antigen self-test kit has been pre-ordered on JD.com’s home delivery platform today. Consumers log in to the JD Home APP, search for "New Coronavirus Antigen Test", or enter the health and epidemic prevention area of ​​the medical channel, and make an appointment to purchase. According to reports, after the product is officially launched, JD Home Delivery Platform will work with pharmacies to provide home delivery services within one hour or even minutes to meet the self-testing needs of community residents without leaving home, and can achieve rapid detection efficiency of 15 minutes of results. (E-commerce News)

4. SF Express releases a reminder for preventing fraud in express delivery destruction claims

On March 14, SF Express issued an announcement stating that recently, the company received a notification from users that unknown numbers sent "bank accounts for express delivery destruction claims" in the name of the company, and asked users to verify the caller's true identity information. SF Express has never published such information, so beware of being deceived. In addition, SF Express’s external contact will not be communicated through network methods such as WeChat and QQ. Please pay attention to property safety. (E-commerce News)

Internet news

5. Zhihu's other revenue growth in 2021 was driven by vocational training and e-commerce

According to the news on March 14, Zhihu's latest financial report showed that in 2021, Zhihu's total revenue reached 2.959 billion yuan, a year-on-year increase of 118.9%. Among them, the revenue of online advertising business was 1.161 billion yuan, a year-on-year increase of 37.7%; the revenue of commercial content solutions business was 974 million yuan, a year-on-year increase of 617%; the revenue of paid membership business was 669 million yuan, a year-on-year increase of 108.6%; other revenue was 156 million yuan, a year-on-year increase of 196% compared with 2020, and the year-on-year increase was mainly due to the growth of vocational training business and the continued growth of e-commerce services. (E-commerce News)

6. Zhejiang Consumer Protection Committee tried to set up consumer rights protection contact stations on 5 e-commerce platforms including Tmall

It is understood that all platforms have submitted creation commitment letters. Among them, Alibaba Group promises to do a good job in consumer rights protection on the platform; Tmall Supermarket promises that some products will support 30-day return services, and is equipped with an exclusive consumer rights protection customer service team, respond within 1 hour, give a handling plan within 1 day, and one responsible customer service follow up throughout the process; Meituan promises to open a 24-hour service hotline to register and accept user complaints. (E-commerce News)

Cross-border information

7. Lazada Philippines will start its 10th anniversary promotion

According to March 14, on March 27, the Lazada Philippines site will celebrate its tenth anniversary. It is reported that from March 8 to March 29, the promotion of Lazada's 10th anniversary birthday promotion will be broadcast on local TV programs in the Philippines, and the Lazada Millionaire program will also be broadcast on the local old entertainment program Eat Bulaga, attracting more consumers to participate in the 10th anniversary promotion. (E-commerce News)

8. Amazon will complete MGM acquisition

According to Sina Technology, Amazon may complete the acquisition of film maker MGM within a few days, and the deadline for regulators to question Amazon's merger plan is mid-March. Antitrust agencies in the U.S. and Europe are currently evaluating whether Amazon's $8.5 billion acquisition of MGM is violating antitrust laws. Amazon announced the deal in May 2021. Amazon said the acquisition will bring in a lot of content, developing and attracting consumers to use its Prime membership service. (E-commerce News)

9. Amazon Saudi station launches free instant delivery service for Prime members

March 14th news, the Saudi station recently announced that it will provide free same-day delivery services for Prime members in Riyadh, Jeddah, Mecca, Medina, Daman, Taif, Haji and Koba. It is reported that the service is suitable for products placed before 12 noon on the same day, including daily necessities, groceries, cleaning products, electronics, and kitchens, beauty products, babies and diapers, etc. In addition, during shopping festivals such as Prime Member Day and White Friday, Prime members at Amazon America and Amazon UAE Station can enjoy free shipping services with unlimited order amounts in advance. (E-commerce News)

10. Fast fashion cross-border DTC brand Wuwang Cross-border Completes US$5 million Pre-A Series Financing

March 14th news, recently, cross-border DTC brand Borderless Cross-border BOUNDLESS announced that it had completed a Pre-A round of nearly $5 million last year. This round of financing was led by BAI Capital, followed by old shareholders Kuanzhai Venture Capital and Yisan Capital. It is reported that this round is the third round of financing completed by Wuwang Cross-border, established in 2021. Previously, it received tens of millions of RMB in two rounds of Yisan Capital, Kuanzhai Venture Capital and Fengrui Capital. The newly raised funds in this round will be mainly used for further improvement, systematic research and development, and reserves of capital flows. It is understood that Wujiang Cross-border focuses on building non-standard product brands. At present, the company has three non-standard brands including Jouer, 404, and R!CH, and its products cover clothing, accessories, 3C accessories and other categories. (E-commerce News)