#Laogao E-commerce Newsletter# [E-commerce Morning News on August 26]

Morning news: TikTok 818 Discovery Goods Festival Pan-Mall Battle Report: Transaction volume exceeds one million and more than 400 single products; Mogujie adjusts community management standards to take effect on August 28; Yunji's second quarter revenue was 284 million yuan and a net loss of 17.1 million yuan; TikTok tests "nearby" function: convenient for users to find local store recommendation information; Amazon European station allows sellers to access brand registration from the seller center...

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

E-commerce newsletter

1. Chinese stocks generally rose on Thursday. Pinduoduo rose by more than 12%.

On August 26, popular Chinese stocks closed up generally sharply on Thursday, with Manbang rising 14.71% to US$8.03 with a total market value of US$8.90 billion; Miniso rose 13.77% to US$6.94 with a total market value of US$2.199 billion; Yixian E-commerce rose 13.08% to US$1.21 with a total market value of US$764.3 million; Pinduoduo rose 12.44% to 59.83 The US dollar has a total market value of US$75.65 billion; Dingdong Maicai rose 12.47% to US$5.50, with a total market value of US$1.299 billion; JD.com has a total market value of US$64.91, with a total market value of US$101.4 billion; Alibaba has a total market value of US$99.89, with a total market value of US$264.5 billion; Dada has a total market value of US$7.32% to US$7.18, with a total market value of US$1.858 billion. (E-commerce News)

2. TikTok 818 Discovery Goods Festival Pan-Mall Battle Report: Transaction volume exceeds one million and more than 400 single products

On August 25, Douyin e-commerce officially released the interesting battle report of the Douyin 818 Discovery Good Things Festival pan-mall. Among them, Ecovacs stores ranked the top 1 in the 818 smart home and household appliance mall transactions, with mall transactions accounting for 75% of the total store ratio, an increase of 80% from July; Lenovo laptop pan-mall GMV ranked first, with the average pan-mall GMV of 818 increasing by 39% compared with 618. (E-commerce News)

3. Mogujie adjusts community management standards to take effect on August 28

On August 25, Mogujie recently issued a public announcement on the adjustment of the "Mogujie Community Management Standards". The announcement stated that in response to the adjustment of the "Mogujie Community Management Standards", Mogujie solicited opinions from August 18, 2022 to August 20, 2022, and the rule will officially take effect on August 28, 2022. (E-commerce News)

4. Yixian E-commerce's total net revenue in the second quarter was 950 million yuan in skin care brands' net revenue increased by 49%.

According to August 25, Yixian E-commerce released its second quarter financial report for 2022 as of June 30. According to the financial report, Yixian E-commerce's total net revenue in the second quarter was 951.8 million yuan, a decrease of 37.6% from 1.53 billion yuan in the same period in 2021. The net loss was RMB 264.3 million, a decrease of 32.4% from the net loss of RMB 391.2 million in the same period of 2021; the net loss not according to US General Accounting Standards was RMB 207.5 million, a 6.5% increase from the net loss of RMB 194.9 million in the same period of 2021. (E-commerce News)

5. Kuaishou fully launches the "Future Fluorescent" content operation talent plan

On August 25, Kuaishou announced the full launch of the "Future Fluorescent" content operation talent plan. According to reports, the "Future Fluorescent" content operation talent plan is Kuaishou's development needs in response to the development of the Internet content track, aiming to tap into the most content understanding potential and cultivate future content operation industry leaders. As the most important operational talent project of Kuaishou, the "Future Fluorescent" plan will provide recruitment targets with 1v1 guidance for business leaders, experience in company-level key projects, high-target customized closed training, and the highest salary standard in the operation industry, which is now recruiting globally. (E-commerce News)

Internet news

6. Top 50 private logistics companies in China in 2022 announced: JD Logistics ranked seventh

On August 26, the 15th National Modern Logistics Science and Technology Innovation Conference, co-organized by the China Federation of Logistics and Procurement and the Harbin Municipal People's Government, and co-organized by the China Logistics Information Center, the China Federation of Logistics and Procurement, and the Harbin Municipal Development and Reform Commission, was held in Harbin. The "Top 50 Chinese Logistics Enterprises and Top 50 Chinese Private Logistics Enterprises in 2022" was released. Data shows that the total logistics business revenue of the top 50 logistics companies in 2021 was 1944.4 billion yuan, a year-on-year increase of 47% based on comparable calibers. The threshold for the top 50 logistics companies has been raised to 6.16 billion yuan, an increase of 2.1 billion yuan over the previous year. Among them, China Ocean Shipping Group Co., Ltd. ranked first, with logistics business revenue of 480.62 billion yuan; Xiamen Xiangyu Co., Ltd. ranked second, with logistics business revenue of 231.26 billion yuan; SF Holding Co., Ltd. ranked third, with logistics business revenue of 203.69 billion yuan; China Foreign Transport Co., Ltd. ranked fourth; China Material Storage and Transport Group Co., Ltd. ranked fifth. JD Logistics ranked seventh with logistics business revenue of 70.37 billion yuan. In addition, Yunda, Yuantong, Zhongtong and Shentong are the ninth, tenth, thirteenth and sixteenth respectively. (Yibang Power)

7. Yunji's second quarter revenue was RMB 284 million and a net loss of RMB 17.1 million.

According to August 25, member e-commerce platform Yunji released its second quarter financial report as of June 30, 2022. In this quarter, Yunji continued to deepen its differentiated supply chain and continued to make efforts in creating its own brands and popular products. According to the data, the gross profit margin in the second quarter increased from 35.1% in the same period of 2021 to 40.6%. Yunji's three major areas of big health, beauty and food have achieved new market breakthroughs. The private brand strategy has continuously optimized Yunji's gross profit and cost structure. (E-commerce News)

Cross-border information

8. TikTok test "nearby" function: convenient for users to find recommendation information for local stores

According to reports on August 25, TikTok recently stated that it is testing a new feature called "Nearby" among some users in the Southeast Asian market, which will facilitate users to find local store recommendation information and videos posted by users in the same city. It is reported that some Twitter users have discovered TikTok's new "Nearby" tab page, indicating that this feature will be combined with the new feature of adding location tags to videos. (Yibang Power)

9. eBay sellers can directly bind PanPay Euro e-commerce account

On August 25, PanPay announced that eBay sellers who use eBay Managed Payments to collect euros can directly bind PanPay's euro e-commerce account. According to reports, using PanPay's euro e-commerce account, the money received by sellers can not only withdraw them in RMB, but also pay and remittance to overseas suppliers. For sellers, it saves the intermediate PayPal collection and withdrawal process, which not only has lower processing fees, but also simplifies business processes and facilitates the management of accounts. After the transaction is successful, eBay will directly transfer the payment to the seller's bank account. (E-commerce News)

10. Amazon Europe Station allows sellers to access brand registration from the seller center

On August 25th, Amazon Europe recently issued an announcement stating that sellers can now access Amazon brand registration directly from the seller center to manage and protect sellers' brands. According to reports, Amazon Brand Registration is a free service that allows brand owners to register their intellectual property and access tools to promote and protect their brands on Amazon. Recently, Amazon Europe also issued an announcement stating that brand sellers can now enhance brand loyalty and customer engagement by processing comments from Samsung or below Samsung. (E-commerce News)