Morning news: Alibaba: Appoints Li Yunlian and Wu Gangping as independent directors; Vipshop data: The sales of gold jewelry products increased exponentially year-on-year in the week before the Chinese New Year; Yu Minhong responded to Oriental's selection and naming: New Oriental is a company-centric platform; Amazon Japan website announced the August limited-time promotion report time; Shopify reached a cooperation with e-commerce marketing automation platform Klaviy...
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1. Alibaba: Appoints Li Yunlian and Wu Gangping as independent directors
On August 4, Alibaba issued an announcement announcing that it would appoint Li Yunlian, executive chairman of Xishen Xingye Group Co., Ltd., and Wu Gangping, former chairman of Ernst & Young China, as independent directors of the group's board of directors, effective from August 4, 2022. In addition, the company's independent director Tung Chee-hwa will no longer participate in the board selection after the current term of office is completed, and his term of office will be completed at the annual general meeting of shareholders held this year. (E-commerce News)
2. Douyin launches the "Chongqing DOU is a Good Scenery" project
On August 3, recently, ByteDance Charity and Douyin Life Service launched the "DoU in the Mountains is a Good Scenery" project in Chongqing, and Douyin will invest millions of traffic to support cultural and tourism merchants. The event will also provide targeted support for the Chongqing hot spring industry and launch a special live broadcast of hot spring merchants. In addition, the event also launched the "Chongqing Good Scenery Discovery Officer" plan. From July 25 to August 31, you can submit a post on #Chongqing dou and you can get rewards if you meet certain conditions. (E-commerce News)
3. Vipshop data: The sales of gold jewelry products increased exponentially the same year on year in the week before the Chinese Valentine's Day
According to news on August 3, Vipshop data shows that on the eve of this year's Chinese Valentine's Day, jewelry, watches, beauty perfumes, personal care appliances, etc. ushered in a small round of consumption climax; according to city data, Beijing, Shenzhen, Chongqing, Guangzhou, Chengdu, Shanghai, Xi'an, Dongguan, Wuhan, Kunming and other cities ranked among the top ten in the country in terms of purchases. Taking gold jewelry as an example, the sales of gold rings, bracelets, pendants, transportation beads and other products on the Vipshop platform increased multiple year-on-year in the week before the Chinese Valentine's Day. Data shows that gold bracelets and gold pendants in Chongqing have increased by 113% and 66% respectively compared with the same period last year. (E-commerce News)
4. Kuaishou launches the 2022 Happy Rural Leader Plan and will provide traffic resource support
On August 4, Kuaishou recently launched the "2022 Happy Rural Leaders Plan", which will provide traffic resources, brand resources and training resources for more than 100 Happy Rural Leaders. At the 2022 Kuaishou Photosynthesis Creator Conference, Yin Caiqin, head of Kuaishou's rural operations, said that as of July this year, the "Happy Rural Leaders Plan" has discovered and supported more than 100 Happy Rural Leaders, covering 27 provinces, cities and regions, driving the revitalization of 16 local characteristic industries, and the impact of industrial development covers nearly 10 million people. Next, Kuaishou will also spend 3 billion traffic resources to support agricultural technicians. In the next three years, Kuaishou will further carry out the "Happy Rural Leader Plan", discover and support more than 1,000 rural entrepreneurs, and carry out short video + live broadcast rural talent training with more than 1 million people. (Yibang Power)
Internet news
5. Yu Minhong responded to Oriental’s selection and naming: New Oriental is a platform with the company as the core
According to August 3, at the Tianjin Summit of the 2022 Yabuli China Entrepreneurs Forum held today, Yu Minhong, Chairman of New Oriental Education Technology Group, shared it. Speaking of "Oriental Selection is not called Yu Minhong's live broadcast room", Yu Minhong said that New Oriental's platform is centered on the company, so it is not called anything, for example, it is not called Yu Minhong's live broadcast room. It is called Dongfang Selection, which is a company name. So no matter how famous or what the anchors behind them are. It is a team. In fact, when people mention anchors and New Oriental anchors, they usually not only mention one person. It formed their own fan clubs, and a group of teachers worked there together. Because in New Oriental I have a habit of working together, working together and success together. So from this point of view, we have laid a little bit, which is a foundation that is different from other platforms. (E-commerce News)
6. Fliggy launches free refunds and rescheduled services 1 day in advance
According to reports on August 3, Fliggy data showed that the number of group tour bookings in July doubled month-on-month, and the number of group tour orders in popular destinations such as Ningxia and Guizhou increased by more than 150% month-on-month. In order to solve the pain points of consumers' travel and provide more secure services, Fliggy has launched "1 day ahead of schedule for free" and "rescheduling before departure" services for group tours, and the coverage is gradually expanding. It is reported that at present, group tour products at many popular destinations on the Fliggy App have been marked with the "Worry-free Return". If consumers who book such group tour products cannot travel due to personal reasons, they can cancel them for free 1 day in advance. (E-commerce News)
Cross-border information
7. US retail giant Walmart is laying off employees
On August 4, according to CNBC, Walmart confirmed on Wednesday that the company has begun laying off employees. According to a statement to CNBC, Walmart described layoffs as a way to “better positioning the company to achieve a strong future.” She said Walmart is still hiring employees in some of its growing businesses, including supply chain, e-commerce, health and wellness, and advertising sales. “Shoppers are changing. Customers are changing,” Hatfield said. It is understood that Walmart has about 1.6 million employees in the United States. (E-commerce News)
8. Best Buy expects comparable sales to fall by about 13% in Q2 2023
According to August 3, recently, Best Buy lowered its company's second quarter financial results and fiscal year 2023 performance expectations. It is expected that the non-GAAP operating income rate will be around 3.7% in the second quarter, and the inventory balance at the end of the second quarter will be roughly the same as the same period last year. The company also expects comparable sales to fall by around 11% in fiscal 2023, with a non-GAAP operating income rate of about 4%. Best Buy said it has suspended its share buybacks but will continue to pay quarterly dividends and will release its second quarter results for fiscal year 2023 on August 30, 2022. (E-commerce News)
9. Shopify reached a cooperation with e-commerce marketing automation platform Klaviy
August 3rd news, recently, e-commerce marketing automation platform Klaviy announced a strategic partnership with Shopify. In addition, Klaviyo will get new Shopify development capabilities ahead of schedule to help Klaviyo and Shopify accelerate merchants to navigate key new technologies in recent changes in online marketing. Since Klaviyo is already the top solution in the Shopify app store, this partnership will further increase merchants’ opportunities to deepen customer relationships in a dynamic marketing environment. (E-commerce News)
10. Amazon Japan website announces the August limited-time promotion report time
According to August 3, today, Amazon Japan Station issued an announcement stating that the Amazon limited-time promotion festival in August will be opened soon, and the 7-day special sale promotion and flash sale activity report window has also been opened. Amazon reminds sellers to pay attention to relevant information nodes. The sales time nodes for this limited-time promotion festival are arranged: 9:00 am on August 27, 2022 (Saturday) to 11:59 pm on August 29 (Monday). The registration for the first week of 7 days sale ends on August 7, 2022, and the registration for the flash sale ends on August 14, 2022; the registration for the second week of 7 days sale ends on August 14, 2022, and the registration for the flash sale ends on August 21, 2022. (E-commerce News)
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