Evening information: Tmall 618: Smart appliances have become the "three new items" of young Chinese people; during the outbreak of the Douyin 618 "Good Products Festival" mall, the number of users visited increased by 115% month-on-month; nearly 300 brands of Tmall 618 sold over 100 million, and the growth rate of more than 100,000 small and medium-sized sellers exceeded 100%; Zhang Yiming was selected as the 40 business elites under 40 in the 2022 "Fortune" China; Jitu Express announced that it will officially start online operation in Egypt...
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1. Nearly 300 brands of Tmall 618 sold over 100 million, with the growth rate of more than 100,000 small and medium-sized sellers exceeding 100%
According to reports on June 22, Tmall data showed that a total of more than 260,000 brands participated in Tmall 618 this year, with nearly 300 brands with transaction volume of over 100 million, and 100 single products with transaction volume of over 100 million, with more than 100,000 small and medium-sized sellers growing at a rate of more than 100%. It is worth mentioning that nearly 90,000 Beijing and Shanghai merchants participated in the Tmall 618 event. Among the municipalities and provincial capitals in the country, Shanghai ranks first in the transaction volume and achieved positive year-on-year growth, with Beijing ranking second. (E-commerce News)
2. During the outbreak of Douyin 618 "Good Products Festival" mall, the number of visitors increased by 115% month-on-month
During the event, 758 brands had transaction volumes of over 10 million. Among the top 20 brands, Adidas, Xiaomi, Hou, Romon and Moutai ranked among the top five GMVs in the Good Products Festival. Judging from the data performance, from 20:00 on May 31 to 24:00 on June 13, Xiaomi Douyin Mall had a subsidy of 125 million yuan, with new customers in the mall accounting for 46%. During the big promotion period, Xiaomi became the brand with the fastest transactions in the Douyin Mall that exceeded 100 million. (E-commerce News)
3. Kuaishou: Jackie Chan's global live broadcast debut will be held at 8 pm on June 25
On June 22, Kuaishou’s official Weibo account announced that Jackie Chan will start his personal global live broadcast debut on Kuaishou at 8 pm on June 25. It is reported that this live broadcast is Jackie Chan's first personal live broadcast in 60 years since his debut. The live broadcast will also be synchronized with multi-language live broadcasts to global users through Kuaishou's overseas versions Kwai and SnackVideo, and will cover Brazil, Indonesia, the Middle East and other regions. Data shows that Jackie Chan opened a Kuaishou account in October last year, with 8 hours of entry and more than 10 million fans. Within 10 hours, the number of views of the first video exceeded 200 million. (E-commerce News)
4. Tmall 618: Smart appliances become the "new three major items" of young Chinese people
According to June 22, a total of more than 260,000 brands participated in Tmall 618 this year, and nearly 300 brands with transaction volume of over 100 products and 100 single products with transaction volume of over 100 million. Dishwasher, smart toilet and e-sports chair have become the "new three major items" for young Chinese families. (Yibang Power)
Internet news
5. Meituan Youxuan announced the second "Tropical Fruit Festival" promotion event this year
According to June 22, in order to stimulate the continued recovery of consumption, Meituan Youxuan launched the second "Tropical Fruit Festival" promotional event in 2022. Through the "South Fruit Transportation North", agricultural products such as Guangxi "Nanning Dragon Fruit" will be sent to northern counties and villages. Meituan data shows that the search popularity of keywords "Dragon Fruit Lantern Sea" and "Dragon Fruit Night View" in May increased by 101% year-on-year. In May alone, 58,000 people searched for related destinations through the Meituan platform, of which 68% were female users, with young female users between the ages of 25 and 30 accounting for the highest proportion. Red Heart Dragon Fruit has also become a best-selling product of Meituan Youxuan's "Tropical Fruit Festival" on June 22. In addition, Meituan Youxuan's "2022 Tropical Fruit Circulation Report" shows that in 2021, the sales of tropical fruits in third-, fourth- and fifth-tier cities across the country exceeded 1.8 times the total of first- and second-tier cities. (Lianshang.com)
6. Zhang Yiming was selected as the 40 Chinese business elites under 40 years old in the 2022 "Fortune"
According to June 22, this year's Fortune continues to release the list of "40 Chinese business elites under the age of 40". According to reports, ByteDance has become the largest unicorn company among the unlisted Internet companies in China. In June 2021, ByteDance disclosed its financial information for the first time. Also on the list are Xu Yangtian (38 years old), founder and CEO of SHEIN. According to reports, SHEIN (Xiyin) surpassed Amazon in May 2021 to become the most popular shopping app for iOS in 54 countries, with SHEIN global sales reaching US$16 billion in 2021. (E-commerce News)
Cross-border newsletter
7. Alibaba International Station’s rejection processing service has covered more than 90,000 foreign trade merchants
According to June 22, it is understood that in response to the credit card refusal problems encountered by foreign trade merchants in cross-border transactions, the credit card refusal processing service launched by Alibaba International Station has covered more than 90,000 foreign trade merchants. It is reported that the Alibaba International Station’s counter-payment processing service is an optional service launched by the platform to improve the merchant’s experience. In addition, in response to the cross-border risk problem of "credit card refusal", Alibaba International Station not only launches a refusal processing service, but also has a waiter team dedicated to refusal defense to help merchants improve the probability of winning the defense. (E-commerce News)
8. Jitu Express announced that it will officially start online operation in Egypt
According to the PR News Agency, Jitu Express announced that it will officially start online operations in Egypt. It is reported that with the launch of the Egyptian market, Jitu's operating network has covered 13 countries in Asia, Latin America and Africa. The e-commerce market in the Middle East and North Africa is developing rapidly and is advancing the global e-commerce powerhouses. As the most populous Arab country, Egypt's total e-commerce revenue has reached US$5 billion in 2021. This is an important step for Jitu to continue to deepen its cultivation in emerging markets and expand its global strategic layout after entering Latin America at the beginning of this year. (E-commerce News)
9. Amazon announces new policy on the US commercial liability insurance plan
On June 22, Amazon's US website issued an announcement stating that from June 27, 2022, Amazon will update Amazon's US Commercial Liability Insurance Plan policy. The following is the announcement: From June 27, 2022, Amazon's US Commercial Liability Insurance Plan policy will be updated, with the specific changes as follows: If the seller's sales on Amazon.com in the past 12 months exceed US$1 million and the deductible is listed on the insurance certificate, the policy can include the deductible; for a sole proprietorship liability company, the name of the insured can match the name of his or her legal entity or the name (trade name, business operation or DBA) that is publicly used to identify his or her business. (Yibang Power)
10. The live broadcast of the 5th Global Cross-border E-commerce Festival in 2022 is 400,000 people
June 22nd news, recently, the "2022 Fifth Global Cross-border E-commerce Festival and the 7th Shenzhen International Cross-border E-commerce Trade Expo" hosted by the Shenzhen Cross-border E-commerce Association came to a perfect end. According to official statistics, from June 18 to 20, the number of people in the three-day exhibition exceeded 40,000, with 400,000 views online live broadcasts, covering more than 1 million people. This cross-border e-commerce trade fair attracted several professional cross-border e-commerce sellers group, including the Cross-border Yashe Seller Group, Yifeng Business School Seller Group, Shoptop Seller Group, DNY123 Seller Group, etc. to participate. In addition, the three-day conference integrated the national industrial belt clusters such as Changshu, Shaoxing Keqiao, Anji Green Home Furnishing Industry Belt, and Zhejiang Yiwu Industrial Belt, which are the most popular in the world's cross-border e-commerce industry chain. It demonstrated the novel business models of the entire cross-border e-commerce industry from cross-border finance and taxation, intellectual property rights, cross-border logistics, overseas warehousing, brand intelligent manufacturing, etc., and discussed the new upgrades of cross-border e-commerce service capabilities and business models for intelligent upgrades. (Yibang Power)
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