#Laogao E-commerce Newsletter# [E-commerce Morning News on April 19]

Morning News: Shanghai market supervision interviewed 12 large e-commerce platforms including Meituan and Ele.me; Kuaishou e-commerce adjusted the after-sales assessment of the impact of the epidemic; Chengdu-Chongqing region became the first stop of Suning.com's regional strategy in 2022; Shentong Express: March's express service business revenue was 2.529 billion yuan; Guangzhou announced that it would issue nearly 12 million yuan in warehouse rental subsidies to cross-border e-commerce companies...

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E-commerce newsletter

1. Shanghai Market Supervision will conduct online talks with 12 large e-commerce platforms including Meituan and Ele.me

According to the "Shanghai Market Supervision" news, recently, in order to further strengthen the compliant operation of e-commerce platforms during the epidemic prevention and control period, the Shanghai Market Supervision Bureau held an online administrative meeting for large e-commerce companies, and 12 e-commerce companies in the city involved in the field of people's livelihood attended the meeting. It is said that the participating companies of the Shanghai Municipal Market Supervision Bureau exchanged speeches on the operating conditions, consumer complaints hot spots, and price stabilization measures during the epidemic, and explained in detail the specific solutions and improvement measures. (E-commerce News)

2. Shanghai Jiading JD.com's "Asia No. 1" warehouse restarts and starts closed management operations

According to April 19, recently, with the approval of relevant departments, under the premise of strictly implementing relevant epidemic prevention measures, JD.com's "Asia No. 1" warehouse located at No. 1111 Xingbang Road, Jiading District, Shanghai pressed the "restart button" to start closed management operations. It is reported that Jiading JD.com's "Asia No. 1" is one of the largest e-commerce logistics "large warehouses" in China and is the most important logistics hub of JD.com's Yangtze River Delta region. Since the location was previously included in the epidemic registration list, "Asia No. 1" was suspended for a while. On the afternoon of April 17, the Jiading District Fire Rescue Detachment came to JD.com's "Asia No. 1" warehouse to carry out fire safety guidance. It is understood that JD Logistics has recruited and mobilized a total of 3,246 couriers nationwide, and it is expected that the number of orders to complete delivery this week will reach about 80% of the daily average before the epidemic. However, given the different status of each street community in Shanghai, there may be certain unevenness in the fulfillment order volume in specific regions. (E-commerce News)

3. JD.com and Gulong Culture Brand launch their first digital collection

April 18th news, today, the Gulong Book Management and Development Committee "Gulong Cultural Brand" and the National Copyright Trading Center Alliance will launch Gulong's first digital collection "Gulong Qingshan" on Lingxu platform. The digital collection launched this time will be uniquely identified by JD.com Zhizhen Chain, a blockchain technology service provided by JD.com Cloud, and is limited to 3,500 copies. It is understood that users can purchase Gu Long martial arts theme physical product "Man in Jianghu - Qing Glaze Porcelain Incense Platform" on JD.com. Within 7-14 days after confirming receipt, they can obtain free martial arts theme digital collections authorized by the "Gu Long Culture Brand" on JD.com Lingxi Digital Collection Service Platform. (E-commerce News)

4. Chengdu-Chongqing region becomes the first regional guide for Suning.com in 2022

In order to further deepen the main retail business and empower the regional economy, Suning.com has launched a new round of regional strategies across the country. This Chengdu-Chongqing region is the first stop of Suning.com's regional strategy in 2022. According to reports, Suning.com plans to achieve a compound growth of 20% by 2024, the sales volume in Chengdu and Chongqing will exceed 1,650 stores in various formats, and achieve more than 2 million new members. By 2024, Suning.com will focus on building 10 super flagship stores, 40 regional flagship stores, and 1,500 retail clouds in the Chengdu-Chongqing region. (E-commerce News)

Internet news

5. Cainiao: The self-operated logistics fleet has been put into Shanghai to fight the epidemic

According to reports on April 18, Cainiao has recently invested the newly formed self-operated logistics fleet in Shanghai to support the local anti-epidemic and daily necessities transportation. It is reported that this is also the first time that the rookie self-operated vehicle team has made an appearance to the outside world. According to people familiar with the matter, Cainiao's self-operated fleet has just been formed. It can be said to be Cainiao's core high-quality logistics resources. It is planned to be used to ensure the key logistics trunk lines between the Yangtze River Delta, the Pearl River Delta, Beijing-Tianjin-Hebei and the southwest region. It has been all transferred to participate in Shanghai's fight against the epidemic. (E-commerce News)

6. Popular Chinese stocks generally closed down on Monday Dada Group fell 11%

According to news on April 19, popular Chinese stocks generally closed down on Monday. Among them, Dada Group fell 11%, Daily Youxian fell nearly 11%, Best Group fell nearly 9%, Autohome and Youxin fell more than 8%, Dingdong Maicai, Xinyang, 51Talk, and Yunji fell more than 7%, Manbang fell more than 5%, Ctrip fell nearly 2%, and Vipshop fell more than 1%. At the same time, Monster Charging rose by more than 6%, Mogujie rose by nearly 3%, All Things New Life rose by more than 2%, and JD.com rose by more than 1%. (E-commerce News)

7. Shentong Express: March express service revenue was 2.529 billion yuan

On April 18, Shentong Express issued an announcement in the evening stating that in March, the company achieved a revenue of 2.529 billion yuan in express service business, a year-on-year increase of 24.03%; the business volume was 987 million tickets, a year-on-year increase of 8.76%; the revenue of single ticket for express service was 2.56 yuan, a year-on-year increase of 13.78%. (E-commerce News)

8. YTO Express: Express product revenue was RMB 3.512 billion in March 2022

According to news on April 18, YTO Express issued an announcement today stating that in March 2022, the company's express product revenue was 3.512 billion yuan, an increase of 15.68% year-on-year; the business completed volume was 1.417 billion tickets, an increase of 5.06% year-on-year; the single ticket revenue of express product was 2.48 yuan, an increase of 10.11% year-on-year. Starting from the end of 2021, the settlement model of Cainiao Pulu business in the company's express delivery business has been adjusted from the original Hangzhou Cainiao Supply Chain Management Co., Ltd. and franchisee settlement to it directly settled with the company. (E-commerce News)

Cross-border information

9. Guangzhou announced that it would issue nearly 12 million yuan in warehouse rental subsidies to cross-border e-commerce companies

According to April 18, the Guangzhou Municipal Bureau of Commerce recently issued a notice announcing that it would issue approximately RMB 12 million in warehouse rental subsidies to enterprises that carry out cross-border e-commerce business to alleviate the cost pressure of enterprises. In addition, Guangzhou is carrying out the review of the central government's special funds for foreign economic and trade development in 2021 (cross-border e-commerce matters), and plans to distribute 5.5 million yuan to optimize and upgrade the Guangzhou cross-border e-commerce public service platform, build overseas independent stations using cloud service (SaaS) tools provided by domestic enterprises and provide financial support to enterprises that have actually carried out retail export business. It is understood that Guangzhou City plans to optimize and upgrade the cross-border e-commerce public service platform and adopts pre-subsidy method to support the project construction period from February 2022 to September 2022; to select the best support for the applied project organization, and provide no more than 80% of the construction funding in accordance with the budget after passing the review. (Yibang Power)

10. Amazon may be the next big technology company to enter the AR field

April 19th news, Amazon may be the next big technology company to enter the AR augmented reality field, and the company is hiring corresponding talents. The role is in a "new cross-functional team". It has already collaborated with Ray-Ban Glasses to produce Quest headphones and smart glasses, and plans to release its first AR glasses in 2024. Apple is rumored to have been developing AR/VR headsets for a long time and may be launched in 2023. Google is expected to be in 2024, and Snapchat announced its AR glasses in May, and Microsoft has been selling HoloLens for years. (E-commerce News)