Morning news: Alibaba tests the "Qianbang" e-commerce app to focus on the trend culture of young people; Kuaishou: grants about 16.24 million shares of subscribed equity exercise price of HK$76.29 per share; 1688 platform adds access brands such as DSM/DSM, AKULON, Stanyl; Maersk e-commerce logistics business department will enter the US market; Jitu International launches British and German economic packages; Shopee will clean up inactive products from May 27...
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E-commerce newsletter
1. Kuaishou e-commerce releases publicity regulations for personal care and cleaning industry prohibiting excessive publicity of big brands "supervision"
According to March 30, Kuaishou E-commerce recently released the "Personal Protection and Cleaning Industry Promotional Specifications", which will take effect on April 6. If a sales expert violates the requirements or a dispute arises, the platform will handle it in accordance with the "Rules on Marketing Violations of Kuaishou Stores", "Specifications on Marketing Promotion and Dispute Handling of Kuaishou Stores" and other relevant agreements and rules. (E-commerce News)
2. 1688 platform has added access brands such as DSM/DSM, AKULON, Stanyl, etc.
According to March 30, 1688 platform recently issued an announcement on the revision of the "1688 Platform Brand Access Standards", and the newly revised rules will officially take effect on April 5. Among them, the rubber and plastics industry has added DSM/DSM, AKULON, and Stanyl access brands; the machinery and industry equipment industry has added INA, FAG, SKF, NTN, NSK/Nske, NTN, and KOYO brands; the electronic components industry has added Cisco/Cisco, SEMIKRON/Saimi, NXP/NXP, INFINEON/Infineon, and Pepperlfriend brands; the steel and metallurgy and mineral industries have added ThyssenKrupp/ThyssenKrupp brand; the automobile and motorcycle and accessories industry has added INA brand; the instrumentation industry has added CELESTRON/StarTron brand. (E-commerce News)
3. Kuaishou: Grant about 16.24 million shares to be subscribed for equity exercise price HK$76.29 per share
March 31, last night, Kuaishou issued an announcement that the company granted a total of 16239,976 subscribeable shares in accordance with the initial public offering after-sales option plan on March 30, 2022, with the closing price of the shares at the date of granting HK$73.60 per share. The announcement stated that the exercise price of the share option granted by Kuaishou is to each share option and it can subscribe to one share at the exercise price of HK$76.29 per share when exercising the share option. The validity period of the share option is 2962968 shares for 4 years from the date of grant of the share option; 13277008 shares for 7 years from the date of grant of the share option. (E-commerce News)
4. Alibaba tests the "Yinbang" e-commerce app to focus on the trend culture of young people
On March 31, Alibaba tested an e-commerce app called "Qianbang", which is a brand new e-commerce community focusing on young people's trendy culture. It is still in the testing stage and requires an invitation code to register and log in. It is reported that "Qianbang" serves young domestic users and is a platform to provide new ways of living and consumption for contemporary Chinese young people. "Tianbang" advocates Chinese creation with attitude, provides young users with trendy goods services with Chinese characteristics, and helps Chinese contemporary young designers to be recognized by more consumers in "Tianbang", helping young entrepreneurs realize their entrepreneurship and opportunities in Tibang. (E-commerce News)
Internet news
5. The transaction volume of JD Home Appliance Store S-Class Experience Store No. 001 exceeded 6 million on the day of opening
On March 30, JD Home Appliance Store S-Class Experience Store No. 001, recently opened in Bazhou District, Bazhong City, Sichuan Province, with the transaction volume exceeding 6 million on the day of opening. Compared with other JD home appliance stores, S-class experience stores have a more complete range of categories, covering various large and large home appliances such as air conditioners, floor heating, fresh air conditioners, washing machines, and various home products such as toilets and bathrooms. Data shows that JD.com's home appliance stores currently have reached 15,000, covering 25,000 townships and 600,000 administrative villages across the country. (E-commerce News)
6. Pinduoduo donated 30 million yuan in guaranteed materials to Shanghai medical staff
It is understood that these materials include fresh fruits directly shipped from the base. As of now, a total of 3 cars of 4,822 boxes of Zigui navel oranges have arrived in Shanghai, each box of 9 kilograms. It is worth mentioning that on the morning of March 17, the first batch of nearly 3,000 customized material packages for medical staff purchased by the Fengxian District Government and supplied by Meituan Mailing Grabs were delivered to the designated receiving point in Fengxian District, Shanghai. The material package consists of fresh meat, vegetables, fruits, milk and soy products, frozen fast food, etc., which can meet the basic nutritional needs of medical staff. Considering that Shanghai has recovered, every package of supplies supplied by Meituan Maicai is stored in a tightly sealed foam box and equipped with ice bags to keep fresh. (E-commerce News)
Cross-border information
7. Maersk e-commerce logistics business department will enter the US market
March 30th news, recently, Maersk issued a statement saying that its e-commerce logistics business department is entering the US e-commerce market of $600 billion. It is understood that in 2021, Maersk will focus on incorporating its e-commerce model in the fulfillment of B2C and B2B. To further expand its e-commerce footprint, Maersk acquired Visible Supply Chain Management, a leading U.S. e-commerce fulfillment company in Salt Lake City, Utah, two European e-commerce companies B2C Europe and HUUB, and Asian logistics company LF Logistics. (E-commerce News)
8. Jitu International launches the UK and German economic packages
According to March 30, today, Jitu International announced that it will launch the UK and German economic packages. The entire number of the order can be traced, and 6 shifts are open per week, with a time limit of 8-12 days. It is understood that in terms of the requirements for receiving goods, you can receive common goods, built-in batteries, paste-shaped cosmetics without obvious liquid flow, adult products, etc.; the final process is carried out using the British RM-T48 service and the German DHL Paket service. According to reports, Jitu International Small Packet Special Line has currently covered the entire Southeast Asia, East Asia, the Middle East and Europe and the United States, and the global E-mail Treasure covers many countries. (E-commerce News)
9. Shopee will clean up inactive products from May 27
According to March 30, Shopee recently issued a notice on the "Shopee Platform Inactive Product Cleaning Rules", and the Shopee platform will start cleaning up inactive products from May 27, 2021. It is understood that inactive products refer to products that have been created for more than 60 days or more and have not been validly placed within the past 360 days. Inactive products will be deleted one after another, and deleting products will not result in penalties. (E-commerce News)
10. Xianyu General Manager Jin Ke has been officially transferred to AliExpress
According to "LatePost", Xianyu General Manager Jin Ke was officially transferred to AliExpress last week. Xianyu is currently directly responsible for Alibaba’s vice president Liu Bo, who is also the person in charge of Alibaba’s marketing platform “Ali Mama”. It is understood that Xianyu recently integrated the product department and the community department and established a user product center, aiming to integrate resources and improve user experience. The person in charge of the center is Ding Jian, who was formerly the head of Alibaba's local life in-store business center and was transferred to Xianyu after the Spring Festival in 2022. Liu Bo is the fourth person in charge of Xianyu in the past three years. (E-commerce News)
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