Morning news: The gradual upgrade of the exclusive price of PLUS membership on the 1688 platform will drive the growth of merchant traffic; JD Supermarket has released the "New Plan for 100 Cities and 100 Stores" which has covered more than 87,000 physical supermarkets; Vipshop: The transaction amount of digital electronic products vouchers accounts for as much as 55%; eBay expands the scope of "e-refund" services that can be guaranteed; Alibaba International Station has added the "Instructions for U.S. Qualification Regulations and Compliance Requirements for Baby Bathtub Export" to take effect on October 10...
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E-commerce newsletter
1. The gradual upgrade of the exclusive price of PLUS membership on the 1688 platform will drive the growth of merchant traffic
On September 28, the 1688 platform recently issued an announcement stating that in order to better help merchants reach PLUS members, increase the traffic of their own products and drive sales growth, the platform launched a new version of PLUS member exclusive price. Starting from October 10, 2022, the exclusive price of PLUS membership of the 1688 platform will be gradually upgraded, and the L membership price of the upgraded products will be simultaneously offline. Add to the new version of 1688PLUS exclusive price to control operating costs and accurately obtain high-quality buyer traffic on the platform. Scope of application of this change: spot goods under the wholesale channel of the entire industry (including consumer goods industry and industrial goods industry) of the 1688 platform, distribution channels and processing customization channels are not supported for the time being. If there are subsequent adjustments, the latest announcement shall prevail. Summary of the main matters of this upgrade: Support merchants to set PLUS member exclusive prices for products separately; the scope of discount application is only available to platform PLUS members; the scope of discount superposition does not overlap with store member discounts/shop single product discounts, and the minimum value is obtained with the store's self-marketing price; the product access and exit mechanism can be withdrawn 30 days after setting. (E-commerce News)
2. JD Supermarket releases the "New Plan for Promoting 100 Cities and 100,000 Stores" and has covered more than 87,000 physical supermarkets
On September 28, JD Supermarket recently announced the latest progress in its omni-channel business. At present, JD Supermarket and JD Hour Shopping have covered more than 87,000 supermarket physical stores and more than 29,000 supermarket fast-moving consumer brands, and can provide instant consumption services to consumers in more than 400 cities across the country. Niu Yinghua, vice president of JD Group and head of JD Supermarket omni-channel business, said that instant retail, which "online ordering, store delivery, and product delivery as fast as hourly and minutely", has become the fastest growing track in the retail industry. Fresh food is one of the core categories of instant retail. (E-commerce News)
3. Vipshop: The transaction amount of digital electronics coupons accounts for as high as 55%
On September 27, the special sale e-commerce Vipshop recently released the "2022 Vipshop Digital Consumption Coupon Report". The report shows that the government has jointly carried out consumption coupon activities with e-commerce companies to effectively accelerate the issuance of consumption coupons and further amplify the "multiplier effect" of consumption coupons. It is understood that since May this year, Vipshop has cooperated with governments in Guangzhou, Shanghai, Chengdu, Xi'an and other places to carry out various forms of consumption coupon activities. According to the report, the leverage ratio of consumption coupons issued by Vipshop drives consumption is about 5 times. From the perspective of the number of orders for coupons to be sold, the top five most popular categories are women's clothing, maternal and infant shoes and clothing, sports outdoors, digital electronics and men's clothing; from the perspective of the transaction amount of coupons, driven by large-scale consumption coupons, the cumulative transaction amount of digital electronic products with higher unit prices is the highest, and among all commodity categories, the transaction amount of digital electronic coupons accounts for as high as 55%. (E-commerce News)
4. Douyin e-commerce rectifies fraudulent shipment behavior of empty packages
According to September 27, today, Douyin e-commerce released a notice on "sending empty parcels" - fraudulent shipment - violation punishment. The announcement stated that recently, the platform review found that some merchants had serious violations of issuing empty parcels during e-commerce transactions. The empty parcels are illegal scenarios for fraudulent shipment, which has had adverse effects on the platform's ecology and user experience. The platform is committed to protecting consumer rights and creating a healthy business environment. In response to such behaviors, the platform will impose serious penalties on merchants with serious violations in accordance with the rules, such as clearance, suspension and rectification of business. (Webmaster's Home)
5. Most popular Chinese stocks closed down on Tuesday
According to news on September 28, most popular Chinese stocks closed down on Tuesday. Among them, Vipshop fell nearly 10%, Qudian, Secoo, and Best Group fell more than 7%, Wanwu Xinsheng, 1 Yao.com, Miniso, Dajian Cloud Warehouse, etc. fell more than 3%, JD.com and Alibaba fell more than 1%, and Bilibili and Baidu fell slightly. At the same time, Tuniu and others rose by more than 6%, Onion Group and others rose by more than 5%, Mogujie, Daily Youxian, Dingdong Maicai and others rose by more than 4%, Manbang rose by more than 2%, and Pinduoduo and NetEase rose slightly. (E-commerce News)
Internet news
6. Ctrip's "Sustainable Travel Consumer Report": Sustainable Travel has become a global trend
September 27th news, Ctrip Group's "2022 Sustainable Travel Consumer Report" was released recently, supported by the Beijing Representative Office of WWF World World Nature (Switzerland). According to a survey of nearly 10,000 respondents in 11 countries, nearly 80% of respondents attach great importance to sustainable environmental factors in travel, and nearly 70% of respondents are willing to pay higher fees to achieve sustainable travel. The report also shows that the epidemic has played a catalytic role in nearly 70% of respondents, increasing their willingness to choose sustainable travel. The report shows that sustainable travel is becoming a global trend, with approximately 78.7% of respondents considering sustainable travel very important. People choose to travel sustainably vary, with about 50% of tourists due to the positive impact of this action, and 13% and 8% of tourists choosing for reasons of “chasing the trend” and “social pressure.” (E-commerce News)
7. Qunar platform: Domestic air ticket prices are higher than those in the Mid-Autumn Festival and lower than last year
Air ticket bookings on September 25 increased by 10 times compared to two weeks ago. On Qunar platform, the average payment price for domestic air tickets during the National Day holiday in 2022 was 666 yuan, an increase of 13% compared with the Mid-Autumn Festival. However, air ticket prices fell by 14% year-on-year compared with the National Day holiday in 2021. In addition, according to the data of the Flight Manager APP & High-speed Railway Manager APP, as of 9:00 on September 27, the number of flight tickets for flight Manager APP during the National Day increased by 2.1 times month-on-month last week, and the number of train tickets for the National Day of the High-speed Railway Manager APP increased by 2.9 times month-on-month last week. (E-commerce News)
Cross-border information
8. eBay expands the scope of insurance products for "e-refund" services
On September 27, eBay announced that it would expand the scope of guaranteed categories for the "e-refund" service. According to reports, eBay launched the eBay Free Return Care return guarantee program "e-return" service in June this year, providing sellers with more return and related guarantee services. "E-return" consists of two parts: "insurance protection" and "return service". A claim of 100% of the sales amount is given for the return refund of insured transactions. It also provides free return logistics and return warehouse services. (E-commerce News)
9. The Ministry of Commerce announced that it will add another batch of cross-border e-commerce comprehensive demonstration zones
In 2015, my country established the first cross-border e-commerce comprehensive demonstration zone, and the State Council later approved 6 batches of cross-border e-commerce comprehensive demonstration zones. The Ministry of Commerce has worked with relevant departments to propose 8 policy measures to support the development of overseas warehouses, including the use of special funds for foreign economic and trade development and the service trade innovation and development guidance fund to support the construction of overseas warehouses, and optimize the filing of the supervision model of cross-border e-commerce export overseas warehouses. (E-commerce News)
10. Alibaba International Station added the "Instructions on the U.S. Qualification Regulations and Compliance Requirements for Baby Bathtub Export" and will take effect on October 10
The announcement stated that according to a baby bathtub product safety standard issued by the U.S. Consumer Product Safety Commission, the platform has added the "Instructions and Compliance Requirements for the Export of Baby Bathtubs in the United States". The rule will be released on September 27, 2022 and will take effect on October 10, 2022. (E-commerce News)
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