Evening News: Vipshop plans to announce the second quarter of 2022 on August 19; Kuaishou e-commerce special governance of illegal price marketing prohibits exaggerating the value of goods; Li Ning's e-commerce channel revenue in the first half of the year was 3.534 billion yuan in the Chinese market, an increase of 19.2% year-on-year; Shopee announced that Yiwu Express response plan will be suspended from operations from August 11; AliExpress will upgrade the "worry-free priority" route in Europe and the United States from August 16 to achieve 7-day delivery...
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E-commerce newsletter
1. 1688 Industrial Products released “Four Procurement Trends and Hundred Industry Solutions”
According to August 15, on August 15, at the Alibaba 1688 Industrial Procurement Festival and ITES Shenzhen Industrial Exhibition, 1688 Industrial Products released the "Four Major Procurement Trends and Top 100 Industry Solutions". According to reports, 1688 will focus on supporting four categories of high-quality supply in the field of industrial products: new materials, new energy, energy conservation and environmental protection and intelligent manufacturing. (E-commerce News)
2. Vipshop plans to announce its second quarter financial results for 2022 on August 19
On August 15, Vipshop Holdings Co., Ltd. recently announced that it plans to release its second quarter 2022 financial results before the opening of the US market on Friday, August 19, 2022. The company will hold a conference call at 7:30 a.m. ET on Friday, August 19, 2022, that is, 7:30 p.m. Beijing time to discuss financial results. For the second quarter of 2022, the company had previously expected the total net income to be between 22.2 billion yuan and 23.7 billion yuan, a year-on-year decrease of about 25% to 20%. In the first quarter of this year, Vipshop's total net revenue was 25.2 billion yuan, compared with 28.4 billion yuan in the same period last year, a year-on-year decline of 11.3%; net profit attributable to Vipshop shareholders was 1.1 billion yuan, compared with 1.5 billion yuan in the same period last year; without the US General Accounting Standards, the net profit attributable to Vipshop shareholders was 1.4 billion yuan, compared with 1.7 billion yuan in the same period last year. (Yibang Power)
3. Kuaishou e-commerce special governance of illegal price marketing behaviors prohibits exaggerating the value of goods
According to August 15, today, Kuaishou E-commerce issued a special governance announcement on "illegal price marketing". "Illegal price marketing" refers to the situation where the sales expert misleads consumers by excessively exaggerating the value of the product and false price comparisons when promoting marketing in e-commerce live broadcasts or e-commerce short videos. In terms of violation handling, Kuaishou stated that if a sales expert has violated "violating price marketing" during the operation and promotion of Kuaishou stores, the platform will make a comprehensive judgment based on the severity of the violation, the number of violations, etc., and will take illegal handling measures including but not limited to warnings, forced learning, compulsory examinations, deductions, suspension of the use of shopping cart functions, and payment of liquidated damages, until the platform is cleared and the cooperation is terminated. (Yibang Power)
4. TikTok adds a recommendation function to independently change content to improve user experience
According to August 15, TikTok recently launched the self-change content recommendation function. Users can set the content section of interest in "Me" - "Usage Management Assistant" - "Content Preferences", and can freely adjust the recommendation intensity. The initial default sections include "star information", "life sharing", "makeup skills", "hotel and homestay", etc., covering fields such as "financial finance", "agriculture, rural areas and agriculture, rural areas, "fashion", "cute pets", "travel", and "education". This adjustment will be unified by the platform to recommend content based on user portraits, and update and iterate to customize recommended content for users. On the one hand, it improves the user experience, and on the other hand, it can slow down the formation of information cocoons. (Yibang Power)
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5. Li Ning's e-commerce channel revenue in the first half of the year was 3.534 billion yuan, an increase of 19.2% year-on-year.
According to August 15, Li Ning Co., Ltd. recently issued an interim performance announcement for the six months ended June 30, 2022. From the perspective of sales channels, Li Ning Company said that it actively developed the live broadcast business during the reporting period, and also carried out some publicity and delivery in the list. The financial report revealed that Li Ning's e-commerce channel revenue in the first half of the year was 3.534 billion yuan, a year-on-year increase of 19.2%, accounting for 28.5% of the total revenue, but the growth rate of online channels in the same period last year was 77.8%. (E-commerce News)
6. Tongcheng Travel officially launched the "Tongcheng Good Stay List" covering more than 300 cities in China
According to August 15, Tongcheng Travel has officially launched the "Tongcheng Good Stay List". At present, the "Tongcheng Haoju List" has launched 49 list categories, with a total of 2,500 lists, covering more than 300 cities in China. A relevant person in charge of Tongcheng Hotel said that since the first day of the list being launched, the "Tongcheng Good Stay List" has attracted the attention of millions of users, and the page visits are close to 60 million. Among them, Tongcheng Hotel’s specialty list is the hottest sub-list, with daily visits accounting for 80% of the overall list. (E-commerce News)
Cross-border newsletter
7. Alibaba International Station announces the control rules for medical device products
On August 15th, Alibaba International Station recently released the "Alibaba International Station's Control Rules on Medical Device Products with Safety Risks". The detailed rules state that in response to the safety and use risks of medical device products, domestic and foreign regulatory agencies will update the regulatory requirements of medical devices from time to time or issue notices and announcements on the safety of medical devices to clarify the safety risks of some medical device products to remind consumers and users of the risks related to risks. Alibaba International Station requires merchants to strictly abide by domestic and foreign laws and regulations, prohibit the sale of medical device products that the State Administration of Market Supervision and Administration believes are at risk, and shall not sell medical device products that local regulatory authorities believe are at special risks to overseas markets. At the same time, secondary risk assessment will be conducted on the medical device products involved. If a violation is found, the platform will impose penalties on merchant members including but not limited to removing the goods, deleting the goods, deleting the goods, deleting the goods, deleting the goods in the store, restricting the use of the website product functions, closing the account, and restricting the sale of all goods to a certain destination country, depending on the severity of the violation. (Yibang Power)
8. Shopee announces Yiwu Express response plan to suspend operations from August 11
According to the notice released by Shopee, Shopee Yiwu Cang will suspend operations from August 11, and the recovery time will be notified separately. For affected orders in Yiwu, from now until August 15, 2022, the Shopee platform will not cancel orders that have clicked shipments in the background but have not arrived on time. If there are generated orders in the seller's store, please click on delivery in the background within the specified time. During this period, sellers do not need to apply for an order extension. If there are any changes, we will notify you separately. (Yibang Power)
9. AliExpress will upgrade the "worry-free priority" route in Europe and the United States from August 16 to achieve 7-day delivery.
On August 15, AliExpress issued a notice saying that AliExpress will upgrade the worry-free priority routes in Spain, France and the United States on August 16. It only takes 7 natural days for the package to be delivered to overseas consumers from the acquisition and the shipping fee will also be significantly reduced on the original basis. If the merchant has configured a worry-free priority logistics line, it can be used directly without any changes. Compared with other cross-border routes, Xinwuyou can be compared with the timeline of express delivery, but it still retains the billing method of dedicated line services to provide merchants with faster and more efficient high-quality cross-border logistics services. (Yibang Power)
10. Dunhuang.com adds rules for buyers who arrive late at night and returns and quick refunds for VIP
On August 15th, Dunhuang.com recently issued a notice on the addition of the "buyer's first order must be compensated for the time being" and the return and refund VIP is very fast. The notice shows that Dunhuang.com has added the "Service Management Rules for Buyers to Make Compensation for First Orders Late Arrival", and at the same time, it has added the penalty scenario for Buyers to Make Compensation for First Orders Late Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Arrival Ar Specifically, after the newly registered buyer successfully pays the first order on the platform, the goods corresponding to the order must be properly sold within the promised delivery time. If the promised delivery time is not properly sold, the seller corresponding to the order will be fined $2 and will be issued to the corresponding new buyer in the form of a coupon as compensation. At the same time, in order to shorten the return time of VIP buyers and improve the experience of VIP buyers, Dunhuang.com will add new requirements for the implementation and timeliness of "return refunds" in the "Rules for Handling Transaction Disputes": For high-quality VIP buyers, the platform will evaluate and execute the refund at 72H. The revision of the rules will officially come into effect on August 22, 2022. (Yibang Power)
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