#Laogao E-commerce Newsletter# [June 28 E-commerce Morning News]

Morning News: iMedia Consulting: It is expected that the scale of China's live e-commerce industry will reach 2137.3 billion yuan in 2025; Make a friend, founder Huang He: He does not value daily single-game GMV; Kuaishou has punished more than 600,000 fraud accounts; the 2022 JD Cloud Summit will be held on July 13; Amazon will add a new Prime promotion this year to the fourth quarter...

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E-commerce newsletter

1. The 2022 JD Cloud Summit will be held on July 13

June 27th news, today, JD Cloud officially announced that the 2022 JD Global Technology Explorer Conference JD Cloud Summit will be held at the Kerry Hotel in Beijing on July 13th. The JD Cloud Summit will focus on JD Cloud's newly upgraded "digital and intelligent supply chain" technology and service capabilities, and will release the latest achievements of JD Cloud around many core business scenarios such as retail, urban, industrial, finance, and intelligent services. (E-commerce News)

2. Make a friend. Founder Huang He: I don’t value daily single game GMV

According to June 27, Huang He, the founder of Jiaoge Technology Company, recently accepted an interview with the case SHOWCASE. Not long ago, Luo Yonghao announced his withdrawal from the Internet and transformed into an AR company. Huang He said that for a friend, Luo Yonghao left, but he did not leave completely. This year, making friends dropped from 3rd place in the Douyin live streaming list in 2021 to 5th place. But Huang He said that he does not value the daily single-game GMV, and he can make stable output when making friends. "We are the first in GMV to sell goods on Douyin every week, monthly and every year, and we are basically the top three every day." (Yibang Dynamics)

3. iMedia Consulting: It is estimated that the scale of China's live e-commerce industry will reach 2137.3 billion yuan in 2025

According to statistics, by 2022, the number of online live broadcast users in China will reach 660 million, covering game live broadcasts, show live broadcasts, life live broadcasts, e-commerce live broadcasts, etc., indicating that watching live broadcasts has gradually become one of people’s Internet habits. The market size of China's cross-border live e-commerce will be on the rise from 2020 to 2021, and it is expected to maintain a growth trend in the next four years. It is estimated that the market size will exceed 100 billion yuan in 2022, with a year-on-year growth rate of up to 210%. (E-commerce News)

4. Douyin e-commerce "Jiuzi 618 Good Products Festival" concluded

On June 27, at 24:00 on June 18, the Douyin 618 Good Products Festival ended. This mid-year promotion helped major alcohol and tonic health care businesses to achieve good results. It is understood that this time, Douyin e-commerce wine tonic and health care industry has laid out two major categories: wine and tonic and health products, and has launched high-quality and cost-effective hot products in the industry and emerging brand merchants. After entering the explosive period, Douyin e-commerce, Xinhuanet and GQ Labs have successively created major hot products, which has attracted netizens' attention back to the TikTok platform while attracting traffic to the 618 promotion. (E-commerce News)

5. Kuaishou has imposed 16,000 trading accounts

The announcement shows that since February 2022, the platform has carried out special governance on account trading. As of the end of May 2022, a total of 16,000 trading accounts have been punished. In order to regulate account operation, the platform has been continuously improving the account purchase and sale monitoring mechanism and continuously cracking down on such illegal accounts. The platform will impose strict penalties on such illegal accounts, or even permanently ban them. (E-commerce News)

6. Kuaishou has punished more than 600,000 fraud accounts

According to June 27, today, Kuaishou officially released an announcement on cracking down on fraudulent accounts. The announcement shows that as of June 15, 2022, the Kuaishou Community Security and Blocking Team has carried out special governance on content and accounts such as fan gift fraud, private order transaction fraud, part-time job fraud, marriage and dating fraud, etc. through the risk control identification model, and has imposed a total of more than 600,000 accounts. Among them, the platform imposed a total of 99,400 scam accounts for pampering fans and giving gifts, 336,500 scam accounts for private order transactions, 104,100 scam accounts for orders, and 66,000 scam accounts for marriage, dating and dating. (E-commerce News)

Internet news

7. Yunda Express releases bidding announcement for road transport in Hebei and Shanxi provinces

According to June 27, today, Yunda Express issued a bidding announcement for road transportation in Hebei and Shanxi provinces. This bid must be paid by the public to the public, with a bid deposit of 100,000 yuan each in Hebei Province and Shanxi Province. Bidding in the two provinces will not be mixed. The quotation time of the Hebei Provincial System is the first round: 13:00-14:00 on July 4, 2022; the 2nd round: 14:10-15:10 on July 4, 2022. The bidding routes are single-sided routes such as Hebei Province, Shanxi Province (Taiyuan), etc. to provincial capital cities across the country. The departure frequency is not limited, and the accounting period is 2 months. After winning the bid, the "Highway Transport Framework Agreement" and the attached quotation will be signed to execute. (E-commerce News)

8. WeChat officially launches the payment limit function for youth mode

According to June 27, today, WeChat officially launched the teenager mode payment limit function. Now, as long as the phone is updated to WeChat Android version 8.0.23, parents or guardians can set WeChat payment limits in the teenager mode, including "daily consumption limit" and "single consumption limit". After completing the settings, teenagers will be subject to the set limit when using WeChat to pay. At present, iOS WeChat is also gradually being covered, and you can experience it by updating to the latest version of WeChat. (E-commerce News)

Cross-border information

9. Amazon will add a new Prime promotion this year.

June 28th news, according to a notice seen by CNBC, Amazon plans to hold a second shopping event for Prime members in the fourth quarter, the company has held two such events in the same year for the first time since 2015. It is understood that Amazon recently issued a notice to third-party merchants to prepare for the "Prime Fall" promotion. However, Amazon did not disclose the specific date of "Prime Fall" in the notice, but only required merchants to submit limited-time Lightning Deals before July 22. (E-commerce News)

10. Vietnamese e-commerce service provider OnPoint receives US$50 million in financing

June 27th news, Vietnamese e-commerce service provider OnPoint recently received a US$50 million Series B financing led by Seatown Private Capital Master Fund, which is the largest private financing round in Southeast Asia's e-commerce service industry in the past five years. It is reported that OnPoint will use new funds to continue to expand the e-commerce service ecosystem, strengthen talent and capacity development, and develop emerging technologies. According to information, OnPoint was established in 2017 and provides a one-stop solution that enables the brand to accelerate its online growth across multiple channels, including e-commerce platforms, social media platforms and its own websites, covering services including digital marketing activities, customer service, warehousing and order fulfillment. (E-commerce News)