Morning news: ZTO Express and Douyin E-commerce signed a 2022 "Double 11" logistics operation guarantee agreement; Douyin Life Service Learning Center is officially launched; Kuaishou E-commerce will remove long-term unsold goods; TikTok sets a global DAU of over 1.05 billion by the end of 2022 and will go to Brazil to live broadcast and sell goods; Shopee Singapore site will be levied on low-value commodity tax on January 1 next year...
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E-commerce newsletter
1. JD.com and Changzhou Intermediate People's Court signed a strategic cooperation framework agreement
According to October 17, recently, the Changzhou Intermediate People's Court and JD Group signed a strategic cooperation framework agreement. Cao Zhongming, Secretary of the Party Group and President of the Municipal Intermediate People's Court, and Han Chengxin, Vice President of JD Group, attended the signing ceremony. Pan Guilin, deputy secretary of the Party Committee and vice president of the Municipal Intermediate People's Court, and Tan Zhiguo, head of JD Group's judicial auction business, signed the agreement as authorized representatives. It is understood that JD Group has the platform and resources to provide courts with full-process auxiliary affairs outsourcing services. Changzhou Court should conduct in-depth exploration of the cooperation model with JD Group, clarify theoretical support, formulate institutional norms, and ensure absolute security in areas such as information, network, and integrity. (E-commerce News)
2. ZTO Express and Douyin E-commerce signed the 2022 "Double 11" logistics operation guarantee agreement
It is understood that during the protection period, ZTO Express will launch a total of five major rights and interests, including compensation guarantee, performance guarantee, price commitment, customer service guarantee and special rights and interests, to protect Double 11 parcels. Specifically, ZTO Express will provide platform merchants with a green channel that prioritizes collection, transit and distribution, to ensure the quality of logistics performance during the promotion period. (E-commerce News)
3. Adjustment of the person in charge of Kuaishou e-commerce and commercialization
According to reports on October 18, Kuaishou recently made large-scale personnel adjustments in its e-commerce and commercial business. It is reported that Kuaishou commercialization has abolished the Magnetic Engine Sales Department, Channel Department, Operation Department, and Magnetic Taurus Sales Department, Channel Department, and Operation Department, and the relevant teams and responsibilities have been incorporated into the newly established Channel Business Department. Liulang, the former head of Kuaishou e-commerce user operation, was transferred to the head of payment business, and Ye Heng served as head of user operation. Zhang Yipeng, the former head of Kuaishou e-commerce KA brand business operations, was transferred to the position of Kuaishou e-commerce marketing, and Song Zhen, the former head of Kuaishou e-commerce brand, was transferred to the local life business. (36Kr's future consumption)
4. TikTok Life Service Learning Center is officially launched
On October 17, in order to further improve the business capabilities of ecological partners such as merchants, service providers, and experts, Douyin Life Service launched the official learning platform Douyin Life Service Learning Center, which will be committed to ecological partners providing systematic knowledge references, professional training content, and a convenient and practical learning platform to help merchants, service providers, and experts grow rapidly and operate in a long-term manner. According to reports, the Douyin Life Service Learning Center is an official learning platform for ecological partners such as life service providers, service providers, and experts. (E-commerce News)
Internet news
5. Kuaishou E-commerce will remove products without sales for a long time
According to October 17, Kuaishou E-commerce today announced the platform’s removal of long-term non-sale products, which will take effect on October 24, 2022. The announcement stated that in order to improve the quality of platform store operations and optimize user shopping experience. The platform (including Kuaishou Store and Kuaishou imported e-commerce) will remove products that have no sales, no clicks, and no edits for 90 consecutive days from October 24, 2022. Merchants can find the products removed in the product management list and re-list them after editing. In the future, you can increase sales by optimizing product information, prices and other content, and increasing product marketing activities. (Webmaster's Home)
6. SF Holdings: Currently connected to more than 20 platforms for return goods business
On October 17, SF Holdings recently said during an institution's survey that currently, China's return items have a market size of about 15 million orders per day, and SF Express's return items will start in May 2021. The platforms currently serving include more than 20 platforms including Pinduoduo, Vipshop, Douyin, Taobao and Tmall. (36Kr)
Cross-border information
7. Konvy, a beauty and personal care e-commerce platform founded by Chinese, received US$10 million in financing
On October 17, Thailand's beauty and personal care e-commerce platform Konvy announced that it has received a US$10 million Series A financing. This round is provided by Insignia Ventures Partners, and this is Insignia's first investment in Thai startups focusing on the local market. Konvy was founded in 2012 by Chinese entrepreneur QingGui Huang. The platform currently has more than 1,000 beauty products brands from all over the world and Thailand, as well as a SKU of 20,000+. (Chuangyebang)
8. TikTok sets a global DAU of over 1.05 billion by the end of 2022 to go live to sell goods
A TikTok person said the company hopes that TikTok's penetration rate overseas is comparable to TikTok's penetration rate in China. TikTok's current global penetration rate is less than 20%, while TikTok is close to 54% in China. In Brazil, TikTok e-commerce has recently raised the priority of the Brazilian market. TikTok e-commerce has entered the Brazilian market ahead of schedule - from the second half of 2023 to the first half of the year. Huang Yuanjian, former head of Didi's international product, will be responsible for the market operation of TikTok e-commerce in Brazil and report to Kang Zeyu, the highest head of TikTok e-commerce. (E-commerce News)
9. Shopee Singapore site will be subject to low-value commodity tax on January 1 next year
On October 17, Shopee issued a notice that Singapore sites will begin to impose low-value goods tax and overseas warehouse incentive plans. According to the regulations of the Singapore government, starting from January 1, 2023, an 8% consumption tax will be imposed on imported low-value goods purchased by individual Singaporean buyers. At the same time, the consumption tax of low-value goods in 2023 will be borne by the buyer. At that time, the platform will uniformly increase the consumption tax by 8% on the seller's central product price interface, and sellers do not need to change the price or pay any fees by themselves. Sellers can adjust store-related marketing tools at their discretion, such as coupons, purchase discounts, set discounts, etc. (E-commerce News)
10. Indian e-commerce Flipkart and eDAO launch virtual shopping in Metaverse Space
On October 17, Indian e-commerce Flipkart announced that it has cooperated with eDAO to launch a meta-cosmic space - Flipverse, where consumers can discover products in virtual space and shop on the Flipkart App. It is understood that eDAO is an institution incubated by polygon. Flipverse is created using eDAO's Web3 technology stack, which will provide consumers in the virtual world with gamified, interactive and immersive shopping experiences, allowing them to access their favorite brands, super coins and digital collections. Flipverse is available on Flipkart's newly launched platform FireDrops, which is accessible from the e-commerce platform's applications. (E-commerce News)
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