#Laogao E-commerce Newsletter# [E-commerce Evening News on April 20]

Evening News: Taobao adjusts the timeliness of regional transaction payments affected by the epidemic; JD.com data: Online retail sales of multi-door refrigerators in 2021 increased by 38.4%; Pinduoduo launches the third quarter "Duoduo Reading Month" to introduce 10 billion subsidy digital products; Wish will announce its first quarter results for 2022 on May 5; eBay UK station reduces transaction costs for home, furniture and DIY categories...

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

E-commerce newsletter

1. Alibaba International Station announces the list of "False Prices, MOQ and other violations"

On April 20, Alibaba International Station recently issued a notice on illegal disposal of "false prices, MOQ and other illegal disposal", and Ariel **** Technology Co., Ltd., Shenzhen Tai**** Co., Ltd., Shenzhen **** Technology Co., Ltd., etc. were announced. Alibaba International Station stated that the platform will increase penalties for merchants who violate regulations. (E-commerce News)

2. Pinduoduo launches the third season of "Duoduo Reading Month" and introduces 10 billion subsidy digital products

According to April 20, Pinduoduo announced the launch of the third season of "Duoduo Reading Month", searching for "Duoduo Reading Month" in the Pinduoduo APP and mini program to go to the event page directly. It is understood that this event will last for one month, adopting a three-dimensional online and offline linkage method. Pinduoduo continues to invest 10 billion yuan in subsidies and focus banners with a 100 million yuan reading fund to invest key resources such as 10 billion yuan subsidies and focus banners. It launches the "Duoduo Reading Month" special event page for 5 million genuine classic books, publishes the "2021 Duoduo Reading Report" and the "Duoduo Reading Month Ranking", and continues to implement the "Read for You" charity donation action, the "Chongsheng Creator" salon, etc. (E-commerce News)

3. Taobao adjusts the timeliness of transaction payments affected by the epidemic

On April 20, Taobao recently issued an announcement on the adjustment of the transaction payment time limit in areas affected by the epidemic, and made special adjustments to the epidemic area on the automatic confirmation and receipt rules in the "Transaction Time Limitation Regulations". The specific adjustments are: If the merchant ships the city or the buyer's receiving city is in the epidemic area, the merchant ships ordinary physical transaction orders through EMS and express delivery, before the system automatically confirms the delivery timeout, the system will automatically verify the logistics information of this order. If the "signed" and "approved" representing the signing status have not been displayed, Taobao will extend the transaction timeout time by 72 hours depending on the situation; if the order is still not displayed after 72 hours of extension, Taobao will extend the transaction timeout time by 72 hours again, and the order can be extended up to 12 times. (E-commerce News)

4. Douyin e-commerce launches special governance on "brand inconsistency" of products

The platform is expected to strengthen governance of inconsistent products starting from April 20, 2022. Dear merchants must immediately carry out relevant self-inspection and rectification work from the date of release of this announcement to avoid any impact on their operations. In addition, Douyin emphasized that when creating products without brands, it will not be considered inconsistent to truthfully fill in the "no brand" when creating products. If a merchant evasion acts of "deliberately filling in branded products as 'no brand' attributes", it will be judged as brand inconsistency, and the platform will impose aggravated penalties on the basis of malicious evasion. (E-commerce News)

Internet news

5. JD.com data: Online retail sales of multi-door refrigerators increased by 38.4% in 2021

April 20th news, recently, Economic Daily and JD.com released data - home appliance consumption moves towards high-end quality. The post-80s and post-90s have become the main force in home appliance consumption, with consumers born in the 1980s accounting for more than 45% of high-end home appliance consumption. 27.7% of consumers aged 16-25 who prefer to buy audio-visual and audio-visual products, while 44% of consumers aged 26-35 who prefer to buy home appliance products. According to JD.com data, 66.5% of consumers prefer to choose local brands, while 23.2% of consumers prefer to choose foreign brands. Among them, domestic air conditioners have the highest market share, reaching 95.4%. (E-commerce News)

6. Cainiao Station in Shanghai has started delivering packages for Tmall Supermarket

According to April 20, recently, some users have received express delivery orders in Tmall supermarkets one after another, and half of Shanghai's areas are within the delivery scope of Tmall supermarkets. It is understood that Tmall Supermarket and Cainiao have opened up a new delivery channel from Shanghai Jiading Warehouse, Zhejiang Jiaxing Warehouse, etc. to Cainiao Station, and have launched a direct delivery package for anti-epidemic. On April 14, the first batch of pilot areas covered 19 communities in Shanghai, and more than 800 Shanghai citizens purchased this set of meals that day. On April 18, more than 10,000 packages were delivered from the Tmall Supermarket warehouse to the Cainiao Station in the community and then delivered to consumers. (E-commerce News)

Cross-border newsletter

7. Wish will announce its first quarter results for 2022 on May 5

On April 20, mobile e-commerce platform Wish announced that it will announce its first quarter of 2022 financial results after the close of May 5, 2022. Information about Wish's financial performance, including links to live webcasts and conference call recording replays, will be available on the company's investor relations website. It is understood that Wish platform's revenue in 2021 was US$2.085 billion, down 18% from US$2.541 billion last year. As of December 31, 2021, Wish's fourth quarter revenue was US$289 million, a year-on-year decrease of 64%; core market revenue was US$139 million, ProductBoost's revenue was US$28 million, and logistics revenue was US$122 million, a year-on-year decrease of 74%, 55% and 40% respectively. (E-commerce News)

8. Sanya plans to build an international mail and express cross-border e-commerce logistics supervision center

April 20th news, today, Hainan Provincial Public Resources Trading Service Center issued a bidding announcement for the Sanya International Mail and Express Cross-border E-commerce Logistics Supervision Center project. The project is located in Sanya Meicun Industrial Park. The project construction project mainly includes construction site processing, mail and express cross-border e-commerce logistics supervision center, customs intelligent cloud checkpoint system, intelligent inspection and sorting line system, auxiliary inspection facilities and equipment, supporting information systems, software platforms and other construction content. (E-commerce News)

9. eBay UK station reduces transaction costs for home, furniture and DIY categories

On April 20, eBay UK station recently issued an announcement stating that it would reduce the transaction costs of home, furniture and DIY categories. For items under £10 or less, the fixed fee for each order will be reduced by 20p. The fee change will take effect on April 19, 2022. The new fee is only applicable to new items listed after April 19, 2022, and only to commercial sellers with registered addresses in the UK. There are no quantity restrictions on eligible listings or orders. eBay also pointed out that products that are manually re-released after April 19 or are listed through the automatic re-release feature will meet the criteria, and listings listed after April 19 will also meet the criteria. (E-commerce News)

10. Amazon Middle East Station launches "eiddeyyah" Eid gift card

April 20th news, Amazon Middle East Station recently launched the "eiddeyyah" Eid gift card, which will support consumers to use gift cards to purchase millions of products in more than 30 categories, including home, kitchen, fashion, electronic products, etc. during Eid. It is reported that the gift card is black and white in color, and is available in two styles, designed by UAE artist Abdulla Lutfi. It is understood that all Eid gift cards have a valid date of up to 10 years. When purchasing, consumers can choose the specific delivery date. After the recipient receives the gift card, they can exchange their amount into their Amazon account. (E-commerce News)