#Laogao E-commerce Newsletter# [E-commerce Morning News on August 9]

Morning News: Alibaba's annual shareholders' meeting will be held at 7 pm on September 30, 2022; Taobao released the "2022 Taobao Live Coffee Category Consumption Insight Report"; Douyin Life Service will open the reporting channels for service providers' related violations from today; Wayfair, a U.S. home furnishings e-commerce company, fell by 14.9% year-on-year in the second quarter; Amazon's previous chainsaw was urgently recalled due to safety risks...

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

E-commerce newsletter

1. Alibaba's annual shareholders' meeting will be held at 7 pm on September 30, 2022

August 8th news, today, Alibaba Group Holdings Co., Ltd. issued a notice of the annual shareholders' meeting. Alibaba will hold its annual general meeting online at 7 pm on September 30, 2022, which will make the following resolutions: elect six directors; approve the appointment of Luo Bingxian Yongdao Accounting Firm as the company's independent certified public accounting firm for the financial year ended March 31, 2023; and consider and deal with other matters suitable for submission to the annual general meeting or any one or more of its extended meetings. (E-commerce News)

2. Taobao releases the "2022 Taobao Live Coffee Category Consumption Insight Report"

August 8th news, recently, Taobao Live and Diantao APP released the "2022 Taobao Live Coffee Category Consumption Insight Report". The data also shows that the short video playback data of Diantao Shang Coffee increased by more than 140% month-on-month; on Taobao live broadcast platform, coffee cups increased by 196.92% year-on-year, and coffee machines increased by 183.31% year-on-year; urban people born in the 1980s and 1990s have become the main consumer groups of coffee, and the pursuit of taste upgrades has increased significantly. In addition to refreshing, the functional needs of young people for coffee are diversified. (E-commerce News)

3. TikTok Life Service will open the reporting channel for service providers to report violations from now on

The platform will take strong measures to deal with service providers who deliberately evade, repeat violations, and serious violations. In response to the recent violations of some contracted service providers during the cooperation period, such as private licenses, publishing false information in the name of the platform, and using Douyin/TikTok life services and other platforms for marketing and publicity without authorization during the name of the platform, the platform has dealt with them in accordance with relevant regulations. At the same time, the reporting channels for service providers' related violations will be opened from now on. All parties are welcome to jointly supervise and promote the healthy development of the ecological environment. (E-commerce News)

4. Vipshop’s first ESG report: charity activities invested more than 346 million yuan by the end of 2021

In 2021, Vipshop established a leadership team with energy conservation and carbon reduction as its core, with the mission of establishing a sound environmental management system to ensure the effectiveness of the company's actions. According to statistics, in 2021, Vipshop's photovoltaic power generation was 59,939 megawatt hours, reducing the use of plastic materials by 237 tons, and achieving 100% recyclable plastic packaging. As for fulfilling its social responsibility commitments, Vipshop has launched a series of charity projects. By the end of 2021, Vipshop has spent more than 346 million yuan on charity activities. In addition, Vipshop has launched a platform to encourage the public to participate in charity. (E-commerce News)

Internet news

5. Meituan flash purchase revised the management standards for merchants' illegal cheating, and added illegal types of new platform subsidies and other behaviors

On August 8, Meituan Flash Sales issued an announcement on the revision of the "Mictuan Flash Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sa The announcement stated that in order to create a legal and compliant platform business environment, promote the healthy and good development of operators within the platform, maintain the normal operating order of Meituan Flash Purchase Platform, and improve the platform service level, the platform has now revised the "Meituan Flash Purchase Merchant Illegal Cheating Management Standards". These rules were revised on July 28, 2022 and came into force on August 4, 2022. (E-commerce News)

6. Tmall Haofang and Hema open the "rental box house" super brand month

August 8th news, today, Tmall Good House and Hema Fresh held the unveiling ceremony of the "Box District House" at Citigo, Qinzhou Road, Chengjia Apartment, Shanghai. The one-month Tmall Good House "Rent a Box District House" super brand monthly event kicked off at the same time. During the event, tenants of the "Box District House" signed through the platform will not only enjoy exclusive rental red envelopes, but also have the rights and interests of food feeding, new Internet celebrity products, and seasonal fresh food mobile phones. As the number of properties that have been upgraded to "box housing" continues to increase, tenants are expected to enjoy more customized rights in the future. (E-commerce News)

Cross-border information

7. U.S. home furnishing e-commerce Wayfair's revenue in the second quarter fell by 14.9% year-on-year

On August 8, the US home furnishing e-commerce Wayfair announced its second quarter financial results as of June 30, 2022. Among them, the net income of the United States was US$2.8 billion, a year-on-year decrease of 9.7%; the international net income was US$500 million, a year-on-year decrease of 35.7%. In the second quarter, the company had a net loss of $378 million and its non-GAAP adjusted EBITDA of $108 million. The diluted loss per share was $3.59, while the diluted loss per share was $1.94 after adjustment in non-GAAP. Repeated customers accounted for 78.6% of total orders, compared with 75.6% in the second quarter of 2021. Repeated customers placed 7.8 million orders in the second quarter of 2022, a year-on-year decrease of 25.7%. (E-commerce News)

8. Dunhuang.com issues notice on the offline offline of some channels

According to August 8, Dunhuang.com recently issued a notice on the downlink of some channels. The notice shows that due to channel adjustments, the following lines have closed the order entrance at 14:00 on August 5, 2022, and no new orders will be received. The package warehouse that was previously placed will continue to be sent after receiving it. (E-commerce News)

9. Flipkart and Assam Skills Development Group signed a memorandum of understanding

August 8 news, recently, Indian e-commerce platform Flipkart and Assam Skill Development Group signed a memorandum of understanding in India, which will provide supply chain skills training in the state. The signing aims to help Assam establish a mature supply chain operation talent reserve and provide corresponding industry training and knowledge to further narrow the technology gap, create jobs, and help expand the country's domestic supply chain industry. Flipkart will also provide students with employment certification certificates to help them gain industry recognition. (E-commerce News)

10. Amazon's previous chainsaw was urgently recalled due to safety risks

August 8th news, the US Consumer Safety Commission recently issued a product recall notice, and a DeWALT 12-inch sliding composite miter saw sold on Amazon platform was urgently recalled, with a number of more than 1.4 million units. Nine people have reported injuries due to defects in safety protection devices. The recall involves the D e WALT models DWS779, DWS780 and DHS790 miter saws. The saw body is yellow with black embellishments and the De WALT logo. De WALT is contacting all known buyers directly. (E-commerce News)