#Laogao E-commerce Newsletter# [E-commerce Morning News on August 29]

Morning News: Taobao has added a new "Safety Review" service for jewelry luxury products; JD.com will create "China's preferred geographical indication products": provide traffic support measures; Simba released a number of new national trend products for HOLAX; eBay will change the transaction fee for classified items of watches and spare parts; Amazon Singapore station sellers' products can be sold directly to Malaysia...

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E-commerce newsletter

1. Taobao adds new "Safety Review" service for jewelry luxury products

On August 27, Taobao recently issued an announcement stating that in order to enhance consumers' purchasing experience and enhance the shopping trust between buyers and sellers, the platform plans to add a new "Safety Review" service for jewelry, luxury goods and other products. Eligible sellers and products can apply to display the "Anxinjian" service logo and perform the service to consumers. The change of the rules will be announced on August 26, 2022 and will officially take effect on September 2, 2022. The announcement shows that the "Taobao "Safety Review" Service Specifications" stipulates service provider access/exit requirements, service requirements, seller access/exit requirements, consumer service application conditions and evidence requirements. (E-commerce News)

2. JD.com will create "China's preferred geographical indication products": providing traffic support measures

On August 29, JD Supermarket recently announced that it would jointly create the "China Preferred Geographical Indication Products" brand with several institutions to help rural revitalize and provide the highest quality agricultural products for JD 600 million users. To this end, JD Supermarket, Intellectual Property Publishing House Co., Ltd., China.com and the Local Geographical Indication Industry Association jointly established the "Landmark Product Supply Chain Industry Alliance" to open a flagship store of China's preferred geographical indication products in JD Supermarket, and incubate thousands of local brand stores. JD Supermarket will implement six measures including standard formulation and traffic support to help build and grow the brand of "China's Preferred Geographical Indication Products". (36Kr)

3. Simba released a number of new national trend products in HOLAX

August 28th news, recently, the HOLAX brand launch conference with the theme of "Let Everything happen" was successfully held. As the product manager, the top anchor Simba Sin Youzhi released the creator platform HOLAX on the spot, as well as a number of major national trend new products. HOLAX is a user-centered creator platform, focusing on creating new domestic products that are high-tech, high-quality, and cost-effective. Xin Youzhi disclosed his HOLAX strategy and stated that he will develop more technological products related to consumers' daily lives and welcome more R&D personnel, brands and factories to join. (E-commerce News)

4. Gome Retail expects the loss attributable to parent company owners in the first half of this year to account for 2.5 billion to 3 billion yuan.

According to August 28, Gome Retail recently issued a profit warning announcement. The announcement stated that in the first half of 2022, the company expects sales revenue during the reporting period to decline by about 45% to 55% compared with the same period last year, and the expected loss attributable to parent company owners is expected to fall between RMB 2.5 billion and RMB 3 billion. The loss in the same period last year was RMB 1.974 billion; the group will focus more on the core business of electrical appliance retail, and have set aside some one-time impairment of approximately RMB 700 million to RMB 1.2 billion). (E-commerce News)

Internet news

5. Yunda Express officially launches business in Taiwan

According to August 28, Yunda Express recently announced that starting from August 26, 2022, Yunda Express officially launched its Taiwan business in China, covering all of China. Professional services allow Taiwanese compatriots to enjoy a more convenient and fast large-scale delivery experience. According to data, Yunda Express was established in October 2017. As of now, Yunda Express has more than 13,000 business outlets across cities, counties and townships across the country. The complete product series can provide full-process solutions for processing and manufacturing, commodity circulation, large-scale e-commerce, etc. (E-commerce News)

6. Microsoft cooperates with Tiktok's parent company ByteDance to launch AI project

August 29th news, Microsoft and ByteDance have now collaborated on an artificial intelligence project called KubeRay, which aims to help organizations manage and run artificial intelligence applications more efficiently. Microsoft's chief software engineer Ali Kansso and ByteDance's software engineer Shan Jiaxin attended the Ray summit in San Francisco earlier this week, discussing their progress with data scientists, machine learning experts, and other developers interested in building large applications using open source software Ray. They also gave an in-depth explanation of this, highlighting the progress they have made so far with the parties involved in creating large applications using Ray, who believe that the software helps drive AI applications running on multiple computers, namely distributed computing. Simply put, Ray is an open source software that helps run AI programs on multiple devices. (CNBC)

Cross-border information

7. eBay will change the transaction fee for watches and spare parts classification items

On August 27, the eBay platform recently issued an announcement stating that eBay will change the transaction fee for classified items of watches and spare parts. Starting from September 12, 2022, the transaction fees for the following classified items will be increased: watch accessories; parts, tools and guidelines; watch miscellaneous items. (E-commerce News)

8. Jitu International launches "Jitu Wangbao" cross-border service for European and American customers

On August 28, Jitu International recently officially launched Jitu Wangbao service. Relying on Jitu International's cross-border full-link resource advantages, it provides cross-border light small delivery services with preferential prices and stable timeliness for customers sent to Europe and the United States. In terms of price, the "Jitu Wangbao" service effectively reduces sellers' concerns about costs, improves the overall benefits of sellers, and provides cost-effective services for merchants such as accessories, 3C products, accessories and small commodities. In terms of speed, from the collection to the receipt, J&T Tracking tracked the entire track, and the air transport speed reached 7-15 working days. (E-commerce News)

9. Amazon Singapore Site seller products can be sold directly to Malaysia

For FBA sellers, the “Export to Malaysia” program allows Malaysian buyers to purchase export-eligible ASINs stored in Amazon.sg Singapore Operations Centre. FLM will be responsible for delivering sellers’ orders to Malaysia and handling exports including customer service and returns, selling goods to Malaysia, greatly reducing sellers’ workload. Sellers are not required to pay additional fees and are only applicable to the usual Singapore Station FBA delivery fee. Sellers simply go to "Settings" - "Delivery Settings" - click to edit the default template. (E-commerce News)

10. SHOPLINE added a B2B inquiry data panel

On August 28, SHOPLINE B2B released a V2.4 product update, adding a B2B inquiry data panel, a super menu generator plug-in, and optimizing intelligent search recommendation plug-in, theme and store management. Merchants can customize the specified pages that will jump after the form is submitted successfully. At the same time, they can customize the target conversion URL on GA, which is convenient for viewing and analyzing data and conform to the operating habits of different merchants. (E-commerce News)