#Laogao E-commerce Newsletter# [E-commerce Morning News on September 16]

Morning News: Taobao Global Shopping and Cainiao International launch the "One City, One Warehouse" plan; Pinduoduo's "Super Agricultural Products Festival" ended: Shanghai ranks first in the city's purchasing power; JD.com officially took over Debang shares: Debang has entered the "JD" time; Douyin e-commerce "Global Shopping Merchant Service Commitment": New compensation rules for damaged package refunds; starting from September 20th, Wish will apply the new commission ratio in non-EU regions...

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E-commerce newsletter

1. Taobao Global Shopping and Cainiao International launch the "One City, One Warehouse" plan

On September 15, the launch ceremony of Taobao Global Shopping and Cainiao International’s “One City, One Warehouse” plan was held at Cainiao Kaichang Yiwu Bonded Warehouse. Through the bonded warehouse stocking model, it jointly serves the demand for overseas trends and new products of Taobao 1 billion users. According to reports, the "One City, One Warehouse" plan to create a "national tour" model for warehouse broadcasts, allowing the live broadcast room to enter the 57 bonded warehouses covering 27 urban ports of Cainiao, establish each city's own benchmark warehouse, and provide localized services. According to data, Taobao Global Shopping relies on its Jingya platform to expand supply channels and jointly conduct centralized procurement with 1,400 suppliers around the world to alleviate the pressure on merchants to find channels. (E-commerce News)

2. Pinduoduo’s “Super Farming Products Festival” ends: Shanghai ranks first in urban purchasing power

On September 15, the fourth "Super Farming Festival" of Pinduoduo has recently concluded. This "Super Farming Festival" event lasted for 24 days, radiating to nearly 2,000 production areas, covering 200,000 primary and deep-processed agricultural products nationwide, and over 100,000 agricultural-related stores. Among them, Sunshine Rose Grape, Zhangzhou Guanxi Honey Pomelo, and Thai frozen durian are the first to be on the list. During the event, Pinduoduo's agricultural product consumer group showed a trend of younger age, with consumers under 35 accounting for more than 30%. At the same time, the proportion of female consumers reached 68%, more than twice that of men. In the ranking of urban purchasing power, Shanghai, Beijing and Shenzhen rank in the top three, while Dongguan, Wuhan and Chengdu rank in the top ten. (E-commerce News)

3. Yiya product selection and full-function version operation of the entire site: assist sellers in product selection and operation decisions

On September 15, the full-function version of Yiya product selection is launched. The new version will fully connect the data and functions of multiple sites. The three ports of web version product selection, plug-in, and mini-program are open unconditionally in parallel. The new version fully covers the core functions of product selection and operation, from market research, competitive product perspective, product selection and development, traffic analysis to operation promotion, assisting sellers in product selection and operation decision-making. Specifically, the new version of Yiya Product Selection has the following functions to help merchants understand what kind of products they are suitable for. Select products through Yiya Product Selection Inspiration Detector, find successful cases based on big data, and discover market demand and create potential explosive products. Yiya has preset different recommended product selection modes for different sellers and scenarios. At the same time, sellers can also choose a screening dimension that meets their needs based on their actual situation and product selection ideas. (Yibang Power)

4. Kuaishou revised the import e-commerce Kuaishou store withdrawal rules and updated the merchant’s store withdrawal conditions

On September 15th, Kuaishou issued an announcement on the revision of the "Kuaishou Imported E-commerce Store Refund Rules" and an announcement on the revision of the "Kuaishou Platform Store Merchants Store Refund Rules", which mainly updates the conditions for merchants to withdraw stores, deposit withdrawal process, and violation handling. The above rules were revised on September 15, 2022 and came into effect on September 22, 2022. Among them, the conditions for returning stores for Kuaishou imported e-commerce are as follows: no settlement/spot payment to be withdrawn; no fine to be paid; the return and freight service has been closed, no balance to be withdrawn; the deposit amount is sufficient and there is no account arrears; if you participate in the platform promotion activities, you must issue a total subsidy invoice to the platform before applying for closing the store. In terms of refund process, after the Kuaishou imported store refund review is completed, the merchant can operate deposit withdrawal. In order to ensure the successful withdrawal, please be sure to bind an Alipay account that is consistent with the entity when the store is settled and has passed the real-name authentication. If the deposit paid by the merchant is not sufficient to deduct the liquidated damages, compensations and other payments that should be paid by the merchant, the Kuaishou platform will not refund the deposit of the merchant and reserve the right to seek compensation from the merchant. Only after the same Kuaishou account is closed for 30 days can the store be reopened. The conditions for withdrawal of Kuaishou Store are added as follows: no settlement/spot payment to be withdrawn; no fine to be paid; the return and freight service has been closed, no balance to be withdrawn; the deposit amount is sufficient, and there is no account owed; there is no dispute being handled between the store and the consumer/other third parties. (Yibang Power)

5. JD.com officially takes over Debang shares: Debang has entered the "JD" time in full

On September 16, Debang recently announced that all directors such as Cui Weixing resigned, and Yu Rui and others of JD.com will serve as directors, which also means that they "officially" take over Debang shares from JD.com. Debang has entered the "JD" time in full swing. (Palm Chain)

Internet news

6. JD Sports Releases the "2022 Chinese Young People's Movement Development White Paper"

On September 15, JD Sports and iResearch Consulting recently jointly released the "2022 Chinese Young People's Sports Development White Paper", which focuses on the development and behavioral attitudes of young people aged 14-30 in my country. It consists of five parts: the current development status of the sports industry, the overall sports characteristics of young people, the current development status of the eight categories of sports events, the participation characteristics of the future sports development trend of young people, and the development characteristics of sports brands and service platforms. (E-commerce News)

7. TikTok e-commerce "Global Shopping Merchant Service Commitment": New compensation rules for refund of damaged packages

According to September 15, today, Douyin E-commerce issued a notice to collect opinions on revising the "Global Shopping Merchant Service Commitment", and the collection period was from September 15, 2022 to September 22, 2022. It is reported that the core changes of this revision are: "Allipency refund" and "Bad damage refund" have added new compensation rules, and the compensation amount is consistent with that of the domestic one. If the platform determines that the merchant should fulfill his service commitment but fails to fulfill it, it will deal with it in accordance with the "Global Purchase Violation Management Rules" "failure to fulfill service commitments". The rules clearly require that if the merchant should fulfill his service commitment but fails to fulfill his service commitment and if the platform intervenes, it is determined that the merchant is responsible, in addition to fulfilling the obligation to return and refund, the merchant must bear the compensation of 30% of the transaction amount of the service rights enjoyed by the consumer. (E-commerce News)

Cross-border information

8. Desifang Cloud Warehouse-One-piece delivery service is officially launched

On September 16, in response to the needs of small and medium-sized sellers, the domestic delivery service was officially launched. According to reports, Disifang Cloud Warehouse supports cross-border e-commerce sellers across the country to directly send goods to self-operated warehouses distributed in Shenzhen, Dongguan and Shanghai through factories, providing full links of factory pickup, domestic warehousing, and international transportation, providing cross-border e-commerce sellers with one-stop services ranging from 2B warehousing to warehousing and 2C door-to-door. Specifically, Disifang Cloud Warehouse provides six major professional services, including collection services, warehousing management, in-store packaging, channel management, system management, and value-added services. (E-commerce News)

9. Starting from September 20, the new commission ratio will be applied to Wish non-EU regions.

On September 15, Wish announced that the adjustment of commission ratios in non-EU regions will take effect at 0:00 on September 20, 2022. The new commission ratio will be mainly affected by factors from the following four dimensions: product category, product value, transaction fee and Wish store level. Orders in non-EU regions released before 0:00 on September 20, 2022 will still be subject to the original commission ratio, while orders in non-EU regions released after this time will be applicable to the new commission ratio. (E-commerce News)

10. Amazon announces free shipping software Veeqo: Get discounts from FedEx

On September 16, at the Amazon Annual Seller Conference Accelerate, held recently, Amazon announced the launch of Veeqo in the United States. Sellers using Veeqo can connect their sales channels, including Amazon, eBay, Etsy and Shopify, and receive discounts on UPS, U.S. Postal Service, DHL and FedEx. (Yibang Power)