#Laogao E-commerce Newsletter#[E-commerce Evening News Brief on June 13]

Evening News: Taobao and Tmall and Online Merchants Bank provide free "0 account period" services to merchants; Douyin e-commerce updates shipping and services in areas affected by the epidemic; 1688 card will be upgraded to 1688PLUS membership; Amazon's world's first comprehensive seller training center is expected to be officially unveiled by the end of the year; eBay encourages sellers to launch auction items and provide promotional and publication discounts...

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

E-commerce newsletter

1. Taobao and Tmall and Ant Commercial Bank provide free "0 accounts" services to merchants

According to the news on June 13, according to the news from Tianxia Online Merchants, during this year's 618, Online Merchants Bank provided free early payment "0 account period" service to Taobao and Tmall merchants. As long as the merchant clicks to ship the goods, they can receive the payment immediately, shorten the account period, quickly recover funds, and support the operation of the enterprise. It is reported that Taobao and Tmall and Announcement Bank have provided free early payment "0 account period" service to e-commerce merchants for three consecutive years. Throughout June this year, it is expected to provide merchants with advance payment amount of more than 100 billion yuan. It is worth noting that in addition to the "0 account period" service, during the 618 period, Taobao and Tmall and Ant Merchants Bank also launched a number of financial subsidy measures for merchants, including providing merchants with a minimum interest rate of 20% during the stocking process. At the same time, it reduced fees and interest rates for merchants, and increased the overall amount by more than 20 billion yuan, etc., to help merchants prepare stocks to carry out normal production and operations. (E-commerce News)

2. Douyin e-commerce updates shipping and services in areas affected by the epidemic

On June 13, today, Douyin E-commerce issued an announcement on the adjustment of shipping and service in areas affected by the epidemic - Updated by June 13 (hereinafter referred to as the announcement). The announcement stated that recently, the country has suffered a new round of challenges from the epidemic, and logistics in some areas has been restricted, and the production and operation of merchants has been affected to varying degrees. In this regard, the platform adjusted the assessment indicators such as shipment and service, opened a two-way channel for platform proactive exemption and merchant reporting exemption, set up an exclusive logistics complaint channel, and tried its best to provide everyone with practical and effective assistance to reduce the impact of the epidemic on operations. The specific adjustment rules are: cities with medium and high-risk areas, the delivery time will be extended by 14 days; cities with no medium and high-risk areas, but more than 5 local express delivery suspensions will be extended by 14 days; cities with no medium and high-risk areas, but 1-5 local express delivery suspensions will be extended by 7 days. (E-commerce News)

3. The 1688 month card will be upgraded to 1688PLUS membership

According to June 13, today, the 1688 platform issued a notice on upgrading the 1688 card to a PLUS membership. The announcement stated that starting from June 24, the platform will gradually upgrade new products in terms of service mechanisms, card opening rights and refund mechanisms. Among them, in terms of service mechanism, in order to alleviate the impact of the epidemic on the business of 1688 buyers, the card in 1688 plans to launch warm benefits to give all users of the platform free extension of service options. The specific launch time and rules shall be subject to the corresponding announcement. In terms of refund adjustment, the card refund fee will be withdrawn after 2,000 yuan. The specific time and rules for the offline are subject to the corresponding announcement. (E-commerce News)

4. On the eve of 618, Taote and Da Zhangwei held an online concert on WeChat Video Account

According to reports on June 13, it is reported that at 20:00 on June 10, Taote, United Artist Da Zhangwei held an online concert on WeChat Video Account. A relevant person in charge of Taote revealed that on the eve of 618, he chose to jointly hold an online concert with Da Zhangwei. On the one hand, he attracted Da Zhangwei's happy and down-to-earth mass artist attributes, and on the other hand, he thanked 300 million Taote users and WeChat video users through a simple and happy concert. It is worth noting that this online music lasted for 2.5 hours, with more than 15 million viewers online, and Taote’s WeChat index hit a record high. (E-commerce News)

Internet news

5. Luo Yonghao issued a farewell letter announcing his business

According to June 13, today, Luo Yonghao posted on his WeChat official account that "The truth is coming to an end" and I will start a business again. Luo Yonghao also said that at the beginning of this month, "Luo Yonghao's live broadcast room" had been changed to "Making a friend's live broadcast room". Luo Yonghao said that he planned to change it to "Luo Yonghao's rumor-refuting number" later and to add V certification. It is worth noting that Luo Yonghao said that although he has faded out of the management of the company of Jieke Friends, according to his agreement with Jieke Friends, he will also do dozens of live broadcasts in Jieke Friends' official live broadcast room in the next few years, and there will be one tonight. (E-commerce News)

6. JD.com and BOE initiated the "Double 'Beijing' Empowerment Plan"

June 13th news, today, JD.com and BOE officially announced the launch of the "Double 'Beijing' Empowerment Plan" and held the launch ceremony of the BOE technology brand JD.com's self-operated flagship store. Based on the "Double Beijing Empowerment Plan", the two parties will carry out in-depth cooperation at three levels: C2M business cooperation, joint construction of the "Technical Innovation Research Institute", and BOE technology brand flagship store. It is reported that in this strategic cooperation, both parties take market demand and user experience as the core, relying on their respective resource advantages to fully open up the entire industrial chain of "market insight-user research-product research and development-sale conversion-creative marketing-user feedback". (E-commerce News)

Cross-border newsletter

7. Amazon's world's first comprehensive seller training center is expected to be officially unveiled by the end of the year

June 13th news, today, the WeChat official account of "Amazon Global Store Opening" released a message that Amazon's world's first comprehensive seller training center and Amazon Global Store Opening in Asia promotes the improvement and upgrading of the training center's hardware facilities, and is expected to be officially unveiled by the end of the year. The upgraded training center will integrate design, functionality, interaction, environmental protection and humanistic care to create an ultra-modern space and interactive community for learning, experience and communication for overseas brands. (E-commerce News)

8. Alibaba International Station Summer Network Fair officially launched

According to June 13, today, the Alibaba International Station Summer Network Fair, covering more than 200 countries and regions around the world, was officially launched. The event lasts for two weeks and will last until June 26. Among them, during this summer network fair, representative companies in the top ten industries including Shandong Ruitu Laser Technology Co., Ltd., Haisen Huapeng Import and Export Trade Zhuozhou Co., Ltd., and Dongguan Hongjin Industrial Co., Ltd. will launch ten immersive new product launches and release 100 key new products for core categories. (E-commerce News)

9. eBay encourages sellers to launch auction items and offer promotional offers

The announcement also stated that auction items must be listed on eBay between June 9 and July 8, and the quick promotional listing service for such items costs only $0.99. In addition, for the legitimate interests of buyers and sellers, eBay requires that the items posted by sellers comply with relevant laws and regulations of the local market. It is worth noting that according to data from eBay Australia Market Survey from December 2021 to January 2022, the rapid promotional auction items will be 48% more views than the auction items that are not promoted. (E-commerce News)

10. PingPong’s “Foreign Trade B2B Collection” function is officially launched

According to reports on June 13, PingPong has officially launched the "Foreign Trade B2B Collection" function under the market procurement project for innovative customization and development of customer groups within the Caitong platform. It is understood that in March this year, PingPong and the Municipal Caitong reached a strategic cooperation. The two parties entered the two aspects of export business and capital settlement, and deeply integrated their respective resource capabilities and product service systems at home and abroad. Compared with cross-border e-commerce collection, foreign trade B2B overseas buyers under market procurement are more scattered, transaction scenarios are more complex, and fund security management is more difficult. PingPong has customized a cross-border collection system suitable for smaller, high-frequency and scattered transactions for this purpose. (E-commerce News)