#Laogao E-commerce Newsletter# [E-commerce Morning News on September 30]

Morning news: Dong Yuhui responded to being scolded: Maybe it was because he spoke incorrectly; Shopee has confirmed layoffs in the Philippines and Taiwan; 1688 platform has added Shiseido professional hair salons, Wina, Kang Qi Moli and other access brands; Taobao Global Shopping held a merchant anchor buyer conference; two former eBay executives were sentenced to jail for participating in online tracking activities...

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E-commerce newsletter

1. 1688 platform has added Shiseido professional hair salon, Weina, Kang Qimoli and other access brands

According to September 30, the 1688 platform recently issued an announcement stating that in order to adapt to the development and changes of the 1688 market platform and promote the sustainable and healthy development of the 1688 trading market, 1688 will revise the current "1688 Platform Brand Access Standards". The newly revised rules will officially take effect on October 28, 2022. Members are requested to pay attention to the changes in the rules. The announcement shows that the 1688 beauty and daily chemical industry has added SHISEIDO PROFESSIONAL/SHISEIDO Professional Hairdressing, WELLA/Wina, Kang Qimoli, regenerate, Sebastian/Sebastin, Finish/Bright Disc, NIOXIN, LORETTA, RAUSCH/Lusi, Fangxin, algemarin/Aijimalin, Mu Yishi, GlaxoSmithKline, culti, DAVINES/David Nice, Bio Secure/Anyue, Honeywell/Aesop/Aesop, etc. (1688 official)

2. Dong Yuhui responded to being scolded: Maybe it was because he spoke incorrectly

According to September 30, Dong Yuhui recently said during a live broadcast that he is not better than others, he may have just gained luck. He is lucky. Everyone will have a chance in his life to see if he can catch it. In addition, Dong Yuhui also talked about the recent scolding of himself. In response, Dong Yuhui responded that it may be just a misunderstanding, and sometimes it may be that he speaks incorrectly and does not express his meaning. (Sanyan Finance)

3. Taobao Global Shopping holds a Merchant Anchor Buyer Conference

On September 29, Taobao Global Shopping recently held a merchant anchor buyer conference to preach Taobao Global Shopping’s Double 11 gameplay and key favorable policies, and simultaneously interpreted the key strategic directions in the next six months. It is understood that Taobao Global Shopping will focus on the content of short videos and live broadcasts, which is also one of the most important changes in Taobao Global Shopping this year's Double 11. Taobao Global Shopping Double 11 application Taobao’s first on-sale appraisal service “Anxinjian”. This service can help consumers test products during the transaction process and then directly send them to consumers from third-party professional testing institutions. (Taobao Live)

4. Kuaishou E-commerce launches "Kuaishou New Product Super Plan"

On September 29, Kuaishou held the "2022 Kuaishou E-commerce 116 Merchant Conference" with the theme of "New Additions and New Prosperity". At the meeting, Ye Heng, the head of Kuaishou e-commerce user operation, interpreted the new business logic of merchants during the 116 period, and announced that this year's "Kuaishou 116 Xinyi Shopping Festival" has officially started investment registration. Kuaishou will invest twice the previous two times to boost traffic to help merchants' business explode. It is understood that the "Kuaishou New Product Super Plan" does not require merchants to come up with new products that have never appeared on the market, but guides merchants to continuously enrich existing pallets and continue to launch products that consumers have not purchased within the past 30 days. (Kuaishou E-commerce)

5. Taobao App Shopping Test China Telecom Wing Payment

According to September 29, some netizens reported that Alibaba Taobao Shopping App and Tmall Store are currently partially testing China Telecom Wing Payment, and the merchant information is Internet-connected and accepted merchants. It is understood that in August 2021, Alipay completed the technical research and development of connecting to UnionPay Cloud Flash Payment and gradually opened up the online payment scenario. Users who install the Cloud Flash Payment App can directly select "Cloud Flash Payment" to pay at the Alipay cashier after submitting an order on Taobao Shopping. (IT Home)

6. Kuaishou E-commerce announces the core gameplay of "Kuaishou 116 Xinyi Shopping Festival"

On September 29, Kuaishou held the "2022 Kuaishou E-commerce 116 Merchant Conference" today. Ye Heng, the head of Kuaishou e-commerce user operation, announced that this year's "Kuaishou 116 Xinyi Shopping Festival" has officially started investment registration. It is understood that the "Kuaishou 116 Xinyi Shopping Festival" will provide merchants with "new" upgrades in three major directions, including new incentive policies, new interactive gameplay, and new traffic scenarios. In terms of new interactive gameplay, Kuaishou launched the "66 Shopping Money" for the first time on the platform, and provided exclusive rights and interests such as large-scale traffic coupons, exclusive identity identifiers, etc. for Kuaishou's high purchasing power users. (Kuaishou E-commerce)

Internet news

7. Most popular Chinese stocks closed down on Thursday

According to news on September 30, most popular Chinese stocks closed down on Thursday. Among them, Daily Youxian fell by more than 18%, BOSS Direct Recruitment and others fell by more than 11%, Zhihu fell by more than 8%, All things New Life, Dingdong Maicai, etc. fell by more than 7%, Bilibili fell by more than 5%, Manbang, Vipshop, Weibo fell by more than 4%, NetEase, Qudian, Pinduoduo, and JD.com fell by more than 3%, Baidu and Alibaba fell by more than 2%. At the same time, Lantingji's trend rose by more than 11%, Youxin's rise by more than 8%, Mogujie's rise by more than 5%, Miniso and others rose by more than 2%, Juhao Mall, Secoo, Tuniu and others rose by more than 1%. (E-commerce News)

Cross-border information

8. Two former eBay executives were sentenced to jail for participating in online tracking activities

On September 30, two former eBay executives were sentenced to jail on Thursday local time in the United States for their involvement in a network tracking program that was tracked by a couple, an e-commerce blog that the couple operated was believed to have criticized the company. James Boger, former senior security and security director of eBay, was sentenced to nearly five years in prison, while David Javier, former global resilience director, was sentenced to two years in prison. Both plead guilty to the charges in the case. (Sina Technology)

9. SHEIN releases carbon emission reduction plan

September 29th news, SHEIN today announced a new goal to reduce total greenhouse gas emissions by 25% by 2030 and released data on greenhouse gas emissions for 2021. SHEIN cooperates with Intertek, an industry-leading comprehensive quality assurance provider, to measure its carbon footprint impact in 2021, calculate its range 3 benchmark emissions, and determine scientific emission reduction targets through jointly organizing interactive seminars. To reduce emissions from ranges 1 and 2, SHEIN will increase investment in energy savings in its operations, supplemented by the use of 100% electricity with renewable energy certificates. (E-commerce News)

10. Shopee has confirmed layoffs in the Philippines and Taiwan

On September 29, media reported that Shopee Philippines announced that it would lay off some employees to optimize its business after reporting a loss of US$931.2 million in the second quarter of 2022. Sources say Shopee plans to reduce Filipino employees below single digit percentage. It is reported that the affected employees of Shopee Philippines have received compensation plans that "comply with market norms". Shopee's Taiwan company has also confirmed to the media that it has fired employees in its Taiwan office on the grounds that it needs to "optimize operational efficiency" and achieve "self-sufficiency". (Cross-border information communication)