#Laogao E-commerce Newsletter#[E-commerce Evening News Brief on August 22]

Evening information: Taobao revises the rules for prohibited information management to change the rules for banning sales of agent products and services; Pinduoduo will release the second quarter of 2022 financial results on August 29; ZTO Express Yiwu Transfer Center resumes operations; SHOPLINE launches Buy Button function supports the checkout button for released products; Amazon Japan website launches a new function of "match product information"...

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E-commerce newsletter

1. Taobao revises the rules for prohibited information management to change the rules for prohibiting sales of agent products and services

On August 22, Taobao issued a public notice on the "Taobao Platform Prohibited Information Management Rules" to change the ban on the sale of agent products and services. The rules will officially come into effect on August 29, 2022. The catalogues of agency and affiliated services that are not suitable for Taobao include: agency settlement; agency residence permit; agency payment, account opening, agency social security; agency payment; agency driving license; agency online store entry qualification certification; transfer of third-party payment licenses; agency physical examination; agency administrative vehicle pass; agency foreign-related notarization, etc. (E-commerce News)

2. Pinduoduo will release its second quarter financial results for 2022 on August 29

On August 22, Pinduoduo recently announced that it will announce its unaudited financial results for the second quarter ended June 30, 2022 before the opening of the U.S. stock market on August 29, 2022. In the first quarter of this year, Pinduoduo's total revenue in the quarter was 23.7937 billion yuan, an increase of 7% from 22.1671 billion yuan in the same period last year. Among them, revenue from online marketing services and other products was 18.1584 billion yuan, an increase of 29% year-on-year; revenue from transaction services was 5.5914 billion yuan, an increase of 91% year-on-year; revenue from commodity sales was 43.9 million yuan, a decrease of 99% year-on-year. Active buyers for the 12-month period ended March 31, 2022 were 881.9 million, an increase of 7% from 823.8 million for the 12-month period ended March 31, 2021. (E-commerce News)

3. The number of members of JD PLUS exceeds 30 million

According to August 22, JD.com recently announced that as of July 2022, the number of JD PLUS members has exceeded 30 million. Since exceeding 25 million members at the end of last year, the number of JD PLUS members has increased by 5 million in just 7 months, a record high, and has continued to become the largest paid membership system in the industry. Data shows that during JD.com's 618 this year, JD PLUS members accounted for nearly 50% of all new product transaction users. (E-commerce News)

Internet news

4. Yixian E-commerce will release its second quarter financial report for 2022 before the US stock market on August 25

On August 22, Perfect Diary’s parent company Yixian E-Commerce announced that it will release its unaudited financial results for the second quarter of 2022 before the opening of the US market on Thursday, August 25, 2022. For the second quarter of 2022, the company had previously expected its total net income to be between RMB 808.3 million and RMB 960.8 million, a year-on-year decrease of about 37% to 47%. The net loss was 291.4 million yuan, a narrowing of 8.7% from the net loss of 319.0 million yuan in the same period in 2021. In accordance with US General Accounting Standards, the net loss was 155.6 million yuan, a narrowing of 33.6% from the net loss of 234.3 million yuan in the same period in 2021. Gross profit was 614.5 million yuan, a year-on-year decrease of 38.0%. (E-commerce News)

5. ZTO Express Yiwu Transfer Center resumes operation

Then, at 1 a.m. on August 18, a long-distance express vehicle drove out of the Yiwu Transfer Center of ZTO Express. It is understood that the number of express parcels operated on the first day of the resumption of work by ZTO Express Yiwu Transfer Center exceeded 5 million, and the number of parcels on the third day exceeded 8 million. There were 240 vehicles passing in and out of the transshipment center every day. As of August 20, the cumulative number of ports in and out of the port in and out of the three-day period was more than 20 million, and more than 2,400 couriers have been put into operation at each outlet. ZTO Express Yiwu Transfer Center has fully resumed operations. (E-commerce News)

Cross-border newsletter

6. SHOPLINE launches Buy Button function supports the release product creation checkout button

August 22 news, SHOPLINE recently launched the Buy Button feature, allowing merchants to create checkout buttons for published products, which can be added to external channels such as blogs and other websites. In addition, if the products that Buy Button are modified and set up in the store background, the products displayed on the corresponding front-end page will be updated simultaneously, and product orders from different Buy Button channels can be viewed and managed uniformly in the SHOPLINE store background. According to relevant website statistics, this function has been used by more than 40,000 sellers around the world and is used for marketing and promotion of products. (E-commerce News)

7. Store secret ERP and Latin American e-commerce platform B2W complete docking to help Chinese brands go overseas

On August 22, recently, the store ERP and the Latin American e-commerce platform B2W platform have completed docking. The seller can directly implement order processing, efficient delivery, and profit accounting operations after the store ERP authorized the store, helping Chinese brands to go overseas to the Latin American market. It is understood that B2W was founded in 1999 and is the most dominant e-commerce platform in Brazil and one of the most promising e-commerce platforms in Latin America. (E-commerce News)

8. Amazon Japan website launches new function of “match product information”

On August 22, recently, Amazon Japan website issued an announcement stating that it has launched a new function of "match product information" for sellers, which can solve the problem of "8541 error code" when the product is put on the shelves with one click. According to reports, using the new "Match Product Information" feature can help products on the shelves. This new tool allows sellers to compare product listing with existing products with the same product code in the Amazon directory, and can solve product information matching problems with clicks. (E-commerce News)

9. Lianlian International launches import e-commerce payment service

According to reports, Lianlian imported e-commerce collection service has the advantages of fast receipt, flexible payment, low cost, and system security. Specifically, 0 account opening fees, preferential rates for withdrawals and payments can greatly reduce the operating costs of small and medium-sized enterprises; support users to pay service providers using account balances and multiple currencies, helping users achieve quick business links with service providers around the world; they can complete capital flow processing within their own system, reduce the frequency of data connection between multiple parties, and reduce user information and fund risks. (E-commerce News)

10. Amazon US site buyers can return their products to their own delivery via USPS or UPS.

August 22, recently, Amazon's US website issued an announcement stating that from September 5 to October 2, 2022, buyers can choose USPS or UPS to return products from delivery sellers through the Amazon prepaid return label plan. Buyers choose USPS or UPS as return channels will be billed with shipping charges for USPS and UPS, which may affect the return cost of self-delivery sellers, who can request a refund of the difference between UPS and USPS shipping charges. Amazon offers buyers a variety of shipping options, allowing buyers to easily ship their returned products to the nearest UPS point, while also encouraging buyers to purchase more items from sellers. (E-commerce News)