#Laogao E-commerce Newsletter# [May 6 E-commerce Morning News]

Morning news: Most popular Chinese stocks closed down on Thursday and fell Dingdong Maicai fell by more than 21%; JD.com's open platform announced the latest pet life investment incentive policy; brand e-commerce full-case service provider "Xingxing Tianxia" completed a new round of financing of tens of millions of yuan; 2022 Global AliExpress "MALL Plan" new business private meeting will be held soon; ProfitWhales: Amazon's sports and outdoor products market revenue will reach US$74.96 billion in 2022...

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E-commerce newsletter

1. Most popular Chinese stocks closed down on Thursday and fell by Dingdong Maicai fell by more than 21%.

According to reports on May 6, popular Chinese stocks closed down sharply on Thursday, and the China Golden Dragon Index closed down 7.72%. In addition, All Things New Life and Onion Group rose by nearly 4%, while Zhihu rose by more than 1%. U.S. stocks closed sharply on Thursday. A panic selling market emerged, and all three major stock indexes gave up yesterday's gains, and the Dow Jones once plummeted nearly 1,400 points during the session. U.S. Treasury yields soared. Yesterday, the US stock market rebound driven by the remarks of Federal Reserve Chairman Powell quickly lost momentum. Chinese stocks generally fell, and the SEC included more than 80 Chinese stocks on the pre-delisted list. The Dow Jones Industrial Average fell 1063.09 points, or 3.12%, to 32,997.97 points; the Nasdaq fell 647.16 points, or 4.99%, to 12,317.69 points; the S&P 500 fell 153.30 points, or 3.56%, to 4,146.87 points. (E-commerce News)

2. JD Open Platform announces the latest pet life category investment incentive policies

According to May 5, JD.com’s open platform announced the latest pet life investment incentive policy, with the implementation period from April 30, 2022 to July 31, 2022. JD platform stated that it plans to implement a fee incentive policy for new merchants entering the pet life category, and the participating merchants will mainly sell POP-SOP model merchants for the pet life category for JD Open Platform. The participating categories are the second-level categories of "scrubbing, beauty, daily use of cats and dogs, traveling with cats and dogs, peculiar pet supplies, cats and dogs toys, aquariums" under the pet life category. Specifically, investment incentive policies include supplies, food, pet services, and industrial belt merchants. (E-commerce News)

3. Douyin e-commerce revised the "3c digital home appliances" industry management specifications"

On May 5th, today, Douyin e-commerce issued a public notice stating that in order to protect consumer rights and regulate merchants' business behavior, the "3c Digital Home Appliances" Industry Management Specifications" has been revised. It is worth noting that this rule will come into effect on May 12, 2022. (E-commerce News)

4. Brand e-commerce full-case service provider "Xingxing Tianxia" completed a new round of financing of tens of millions of yuan

On May 6, the brand e-commerce full-case service provider "Xingxing Tianxia" announced that it would complete a new round of financing of 10 million yuan, invested by Insai Group. It is understood that Yingxing World was established in 2015 and its business includes brand digital marketing, MCN and interest e-commerce. According to the "Statistical Report on the Development of China's Internet" of China Internet Information Center, as of June 2021, the number of Internet users in my country reached 1.011 billion, of which the number of short video users reached 880 million, accounting for 87.8% of the total number of Internet users. (E-commerce News)

Internet news

5. During the May Day period, the 95-minute app jointly held a large-scale luxury package exhibition

On May 5th, according to China Youth Network, during this May Day, the "Xitubao Middle-aged Market" links the professional trend idle authentic trading platform 95-minute app to hold a large-scale mid-aged luggage market in Shenzhen, gathering more than 80 mid-aged stores and more than 10,000 second-hand luxury goods. As the online linkage party of the exhibition, the 95-minute app held the "May Day FUN Heart Shopping" theme event at the same time, and carried out official live broadcasts and distribution of trendy subsidies and other activities. According to reports, the organizer will use Shenzhen as the first stop of the "Xituobao" series of package exhibitions this time, and choose to connect online with the 95-point APP, all of which are to reach young people. (E-commerce News)

6. SF Holdings: A total of 1.506 billion yuan of company shares have been repurchased

It is understood that the company held the 22nd meeting of the fifth board of directors on March 2, 2022 to review and pass the "Proposal on the Plan for Repurchasing Shares by Centralized Bidding", and plans to use its own funds to repurchase some of the company's shares for employee stock ownership plans or equity incentives. The number of shares repurchased by the company every 5 trading days does not exceed 25% of the company's cumulative trading volume in the 5 trading days before the first share repurchase. The company will continue to implement this repurchase plan within the repurchase period according to market conditions, and will promptly fulfill the obligations of information disclosure in accordance with relevant regulations during the repurchase period. (E-commerce News)

Cross-border information

7. The 2022 Global AliExpress "MALL Plan" New Business Private Fair will be held soon

On May 5, according to the official WeChat account of China's Cross-border E-commerce Comprehensive Pilot Zone, Alibaba AliExpress launched the "ALIEXPRESS MALL Plan" to support a group of excellent Chinese brands to go overseas and create 1,000 MALL brands. On May 13, a "2022 Global AliExpress 'MALL Plan' New Business Private Fair" will be held for a group of outstanding corporate leaders to discuss the way for Chinese brands to go overseas and deeply support Hangzhou's high-quality brands to go overseas. The application conditions for participating in the meeting are the chairman, president and general manager of key e-commerce enterprises, traditional manufacturing enterprises and traditional foreign trade enterprises in Zhejiang Province. (E-commerce News)

8. Shenzhen’s “intensive” cross-border e-commerce supervision was implemented for one year and e-commerce companies reduced costs and increased efficiency significantly

According to the Guangdong Branch of the General Administration of Customs of the People's Republic of China, May 1 is the first anniversary of the full implementation of the intensive reform of cross-border e-commerce review of Shenzhen Customs. This reform will concentrate cross-border e-commerce review services that were originally scattered in four business sites to the Shenzhen Post Office Customs to handle, realizing the intensive use of regulatory resources. Specifically, Shenzhen Customs will uniformly concentrate overseas warehouse model filing and review business at the "one-stop" centralized office and customs office. By integrating cross-border e-commerce review operations in the customs district, a professional cross-border e-commerce review team is established to achieve the intensive application of regulatory resources. (E-commerce News)

9. ProfitWhales: Amazon's sports and outdoor products market revenue will reach US$74.96 billion in 2022

May 5th news, recently, according to an analysis by Amazon marketing agency ProfitWhales, the revenue of Amazon's sports and outdoor products market will reach US$74.96 billion in 2022. Specifically, the sports and outdoor niche markets on Amazon are rising and show an annual growth rate of 10.03%, with a market value expected to reach US$99.86 billion by 2025. In addition, the development of this market is driven by the family fitness boom. In June 2020, Amazon's sales of basketball accessories exceeded US$50,000, reaching its peak; since the outbreak of the epidemic, the sales of fitness equipment have generally increased by 170%. (E-commerce News)

10. E-commerce platform Temple&Webster launches the Build online home improvement store

On May 5th, according to foreign media reports, Temple&Webster, an e-commerce platform that mainly sells home products, has launched the online store The Build. Temple&Webster said The Build is part of its business expansion plan, and the new platform is "a one-stop shop that provides everything customers need to decorate their homes." The company said this is an important market opportunity, and the expansion of the home improvement market will add $16 billion to its existing market. It is understood that Temple&Webster aims to create quality shopping by providing a large number of constantly updated furniture and household products. (E-commerce News)