#Laogao E-commerce Newsletter# [March 18 E-commerce Morning News]

Morning news: Tmall Supermarket opens pre-sale of spring tea such as West Lake Longjing; Douyin e-commerce releases its 2022 merchant membership plan; Kuaishou announces adjustment of the organizational structure of the international business department; the State Post announces bidding announcement to build a joint supervision platform for cross-border mail and express delivery; Amazon European Station will update sales, seller codes of conduct and other policies...

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E-commerce newsletter

1. Tmall Supermarket opens pre-sale of spring tea such as West Lake Longjing

On March 17, according to the news from the World Online Business, Tmall Supermarket has started pre-sale of new teas in Hangzhou's five major West Lake Longjing core production areas. Users can search for "West Lake Longjing Presale" to enter the pre-sale page to purchase, and will be launched and shipped before April 1. At present, Suzhou Biluochun new tea has been launched in Tmall Supermarket, and Zunyi Meitan Cuiya new tea will be launched in early April. It is reported that the tea-chasing group is gradually becoming younger. Since March this year, the number of young people born in the 1995 who purchased green tea and various tea sets on Tmall supermarkets has increased by more than 20% year-on-year. (E-commerce News)

2. Douyin E-commerce releases the 2022 Merchant Membership Plan

On March 17, the official Douyin e-commerce account released the 2022 Douyin e-commerce merchant membership plan today. In terms of specific plans, Douyin e-commerce will make comprehensive efforts from products, merchant growth, linkage marketing, etc. to help merchants develop. . (E-commerce News)

3. Kuaishou announced the adjustment of the organizational structure of the international business department

On March 17, Kuaishou announced today that it would adjust the organizational structure of the internationalization business department at the overseas member meeting. Qiu Guangyu will no longer serve as the head of the internationalization business department due to personal reasons and will resign in the near future. In the future, the production and transportation lines and commercialization departments of the International Business Department will directly report to Kuaishou CEO Cheng Yixiao; the overseas technology-related business under Wang Meihong will continue to report to Chen Dingjia, a member of the Operations and Management Committee and CTO. (E-commerce News)

4. 1 Yao.com's annual revenue in 2021 increased by 52% year-on-year

According to reports on March 17, 1 Pharmaceutical Network released its fourth quarter and full-year performance report for 2021. In the fourth quarter of 2021, 1 Pharmaceutical Network's single-quarter revenue reached 3.46 billion yuan, a year-on-year increase of 31%, achieving rapid growth for 14 consecutive quarters. It is understood that in 2021, 1 Pharmaceutical Network reached a strategic direct supply cooperation with 515 well-known pharmaceutical companies around the world, serving more than 385,000 pharmacies nationwide, and building a pharmacy online sales that accounts for more than 70% of the country's total sales, which can achieve 24-hour delivery to more than 890 counties and cities across the country. In addition, in 2021, the company invested 189 million yuan in technology research and development expenses, an increase of 106% year-on-year. Currently, it has obtained 19 national patents in digital medical care, big data, and intelligent supply chain management. (E-commerce News)

Internet news

5. Baidu Map launches the special page for "epidemic dynamics"

On March 17, Baidu Map launched the "Epidemic Dynamics" special page, aiming to enable users to understand the local and national epidemic situation in real time and arrange their lives and work reasonably. According to reports, users can view the surrounding epidemic and real-time information by clicking on the icon on the homepage of Baidu Map APP or searching for "epidemic dynamics". Among them, users can select the starting point and destination in the "Travel Policy" to view the risk level and prevention and control measures in the relevant city. Click to view the full text and view the epidemic prevention and control consultation telephone number of the province, city and district where the destination is located. (E-commerce News)

6. Yunji's fourth quarter revenue in 2021 was 471.4 million yuan down 64% year-on-year

On March 17, Yunji, a high-quality member e-commerce platform, released its latest financial report. Data shows that Yunji's total revenue in the fourth quarter of 2021 was 471.4 million yuan, compared with 1.3274 billion yuan in the same period last year. The net profit was RMB 57.9 million, while the net loss was RMB 77.3 million in the same period in 2020. In accordance with US General Accounting Standards, the adjusted net profit was RMB 71 million, while the adjusted net loss in the same period in 2020 was RMB 63.1 million. In the quarter, Yunji's net revenue from commodity sales fell from 1.1652 billion yuan in the same period of 2020 to 389.4 million yuan; market business revenue was 73.6 million yuan, compared with 151.7 million yuan in the same period of 2020; other revenue fell by 20.6% to 8.3 million yuan from 10.5 million yuan in the same period of 2020. (E-commerce News)

Cross-border information

7. State Post announced the tender announcement to build a joint supervision platform for cross-border mail express delivery

According to the news on March 17, Qichacha information recently showed that on March 16, the Postal Security Center of the State Post Bureau issued a bid, and the procurement project name is the cross-border mail express joint supervision platform project. Information shows that the project aims to strengthen the supervision of cross-border mail and express parcels, and plans to build a joint supervision platform for cross-border mail and express parcels, with a budget amount of RMB 3.492 million and the estimated procurement time is May 2022. (E-commerce News)

8. The Giving Movement received US$15 million in Series A financing

On March 18, the UAE sustainable fashion brand "The Giving Movement" announced a US$15 million Series A round. The round of financing was led by Knuru Capital and followed by others from EMEA and Asia. This round of financing funds are mainly used to expand infants, product categories, and expand new markets. The Giving Movement was founded in the UAE in 2020. The brand takes "subtle behaviors can change the world" as its core, advocates conscious consumerism, and achieves sustainable development of the brand around the production of environmentally friendly products, openness and transparency, cultural inclusion, etc. (BrandStar)

9. Amazon European website will update policies such as sales, seller codes of conduct and other policies

On March 17, Amazon Europe website issued an announcement stating that starting from March 31, Amazon will update a series of policies, including sales policies and seller codes of conduct, mediation policies, Amazon Renewed program terms and Lab Central. It is reported that in terms of sales policies and seller codes of conduct, Amazon is updating seller codes of conduct, including explicit prohibition on pricing and manipulation of search rankings. This change applies to the following sites: Amazon.co.uk, Amazon.de, Amazon.fr, Amazon.it, Amazon.es, Amazon.nl, Amazon.se, and Amazon.pl.  

Mediation Policy In the case of mediation, the seller can choose to designate one mediator in the list of two mediators provided by the Center for Effective Dispute Resolution (CEDR). This change applies to the following sites: Amazon.co.uk, Amazon.de, Amazon.it, Amazon.es, Amazon.nl, Amazon.se, and Amazon.pl. It should be noted that the mediation policy update on Amazon.fr has come into effect on March 15, 2022. (E-commerce News)

10. eBay comprehensively improves credit evaluation function and is suitable for all sites

eBay comprehensively improves the credit evaluation function for all sites. Berner Cross-border E-commerce 2022-03-17 14:06:01 Read 1077 Comments 0 March 17th news, in this spring seller update, eBay credit evaluation (Feedback) function is fully improved, applicable to all sites, covering all sellers, allowing buyers to understand the seller's business information and past buyer experience more quickly and conveniently.  

It is reported that in the new communication mechanism, if the buyer wants to leave a negative review but has not contacted the seller on the eBay platform before, the system will automatically encourage them to contact the seller, so that the seller has the opportunity to solve the problem first. In the process of leaving a negative review, the buyer will be directed to M2M to contact the seller. For sellers, they need to visit My Message in a timely manner and review each message, which may involve issues that the buyer needs to solve before leaving a negative review to the seller. Retaining and collecting credit ratings can help build a seller’s brand reputation and build a sense of trust between the seller and the buyer. Therefore, the eBay platform has launched online notifications for buyers on the eBay App, proactively reminding them to leave credit reviews and showing the purchasing experience they have obtained. This feature will soon be launched for refurbished inventory and will gradually expand to more categories throughout the spring and early summer. (E-commerce News)