#Laogao E-commerce Newsletter# [October 27 E-commerce Morning Newsletter]

Morning news: Douyin's life services have covered 377 cities and transaction volume has increased by 30 times; Chinese stocks generally rose on Wednesday: Pinduoduo rose by more than 11%, Alibaba and JD rose by more than 8%; JD's own brand launched the "100 Quality Factory Plan" to build more than 500 industrial belt quality demonstration factories within three years; Wish: Fishing gear products are the most searched products in the third quarter of this year; Lazada announced the operation arrangements for the LGF center warehouse and overseas warehouses for the Double 12 promotion...

Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Chinese stocks generally rose on Wednesday: Pinduoduo rose by more than 11%, Alibaba and JD rose by more than 8%.

According to news on October 27, Chinese stocks generally rose on Wednesday, with Alibaba rising 8.37% to US$68.51, with a total market value of US$181.383 billion; JD.com rose 8.66% to US$41.04, with a total market value of US$64.094 billion; Pinduoduo rose 11.70% to US$53.09, with a total market value of US$67.126 billion. In addition, Mogujie rose 12.08% to US$2.32, with a total market value of US$19.2878 million; Dingdong Maicai rose 9.44% to US$3.13, with a total market value of US$739 million; Best Group rose 9.42% to US$0.6237, with a total market value of US$49.0103 million; Ctrip rose 6.58% to US$23.32, with a total market value of US$15.939 billion; Vipshop rose 6.21% to US$7.52, with a total market value of US$4.78 billion. (E-commerce News)

2. Meituan Youxuan: Since October, Chengdu electric blanket sales have increased by 1700% year-on-year

According to October 26, the temperature in Chengdu has dropped sharply recently, and citizens are urgently purchasing warm-keeping supplies and cold-resistant food. On October 24, the sales of single-person sales in Meituan platform in Chengdu increased by 66% month-on-month last week, the sales of Nuan Baby increased by 262%, and the sales of heaters increased by 75%. According to Meituan Youxuan data, Chengdu and Chongqing both entered the top five on the list when purchasing warm-up supplies in winter. Since October, warm baby and electric blankets have become the most selected products for winter warmth in Chengdu, with sales volumes increasing by 730% and 1,700% year-on-year; Chongqing citizens have purchased more knee pads and cotton slippers, with sales volumes increasing by 220% and 470% year-on-year. (E-commerce News)

3. JD.com’s own brand initiated the “100 Quality Factory Construction Plan” to build more than 500 quality demonstration factories in industrial belts within 3 years

On October 26, JD.com's own brand announced today that it will launch the "100 Quality Factory Plan" around the industrial belt. In the next three years, it will focus on building more than 500 quality demonstration factories in the industrial belt and promote factory sales to grow by more than 600%. Specifically, JD.com's own brand will integrate JD.com's resources and capabilities to provide it with customized support solutions covering data insights, new product development, product quality control, digital transformation, etc. (E-commerce News)

4. During Double 11, Suning.com Kitchen and Bathroom Appliances launched free "bureau reform" service

On October 26, during Double 11, Suning.com launched a free bureau modification service. After users purchase a dishwasher, they will have a dedicated person to come to the door for free to provide a reasonable bureau modification solution so that the dishwasher can be installed at home. According to reports, Suning.com's free bureau reform measures include 16 services including on-site measurement, on-site design, dismantling of old home appliances, door panel renovation, cabinet sealing, non-wood side panel fixing, cabinet structure reconstruction, free guidance, etc., which can save up to 1,000 yuan, eliminating users' worries. (E-commerce News)

5. Zibuyu passed the hearing of Hong Kong stock listing

On October 26, according to the Hong Kong Stock Exchange, the cross-border e-commerce company subsidiary Buyu Group Co., Ltd. passed the Hong Kong stock listing hearing, and Huatai International and Agricultural Bank of China International are their joint sponsors. According to Zibuyu's latest prospectus, the company achieved revenue of 1.4289 billion yuan, 1.8981 billion yuan and 2.3465 billion yuan in 2019, 2020 and 2021 respectively; profits were 81.1 million yuan, 114 million yuan and 200 million yuan respectively, and the revenue and profit growth were relatively stable. It is understood that Zibuyu's income mainly comes from the sale of clothing products and footwear products, followed by the sales of other products such as electronic equipment, stationery and sports goods. (Yibang Power)

Internet news

6. Chenfan: Will bet more energy on MCN business and focus on Douyin Live Alibaba Health releases positive profit preview

According to October 27, it is reported that Chenfan has begun to bet on more energy in MCN business, and is focusing on Douyin live broadcast. As of September this year, Chenfan has signed more than 200 bloggers exclusively, and the unified portrait of these bloggers is "beauties". Fox, general manager of Chenfan Hongren Business Department, said that MCN is becoming increasingly fierce at the moment, and hopes to adhere to the value of "appearance +" to carry out business in terms of existing resources. At the same time, Chenfan specially selected the top bloggers who have made breakthroughs in Douyin this year to establish a strategic organization for Douyin business. Fox revealed that Chenfan's revenue on Douyin Live has tripled its revenue. In addition, in the past two years, affected by the signing dispute between experts and institutions, Chenfan has controlled the revenue share of 10% of the top experts to about 30% to reduce risks. (E-commerce News)

7. TikTok Life Service has covered 377 cities with transaction volume increased by 30 times

On October 26, Douyin Life Service recently held the National Service Provider Partner Conference for the first time, and Douyin Life Service announced its results for more than a year for the first time: At present, Douyin Life Service has covered 377 cities across the country, with more than 1 million cooperative stores, involving more than 80 sub-categories. The mobile sales merchants on the platform have increased by 22 times, and the overall transaction amount has also increased by more than 30 times. (Yibang Power)

Cross-border information

8. Wish: Fishing gear products are the most searched products in the third quarter of this year.

According to October 26, Wish account manager Yushan conducted in-depth category analysis on hobbies products to help sellers understand the current status and trends of the category on the Wish platform more deeply. At the category level, among the interests and hobbies products on the Wish platform in the third quarter, fishing gear products were the most searched interests and hobbies products in the third quarter of 2022. From the perspective of sales, DIY products have the highest search sales and have a great overlap with the product types with the most searched people. (E-commerce News)

9. SHOPLINE Logistics and DHLink Camel Feixia reached a cooperation to improve cross-border logistics experience

On October 26, SHOPLINE Logistics, an independent station logistics expert under Huya, officially announced that it had reached a cooperation with DHLink, a professional logistics platform under Dunhuang.com. It is reported that DHLink Camel Feixia was established in 2014. It is a comprehensive cross-border logistics business platform under Dunhuang.com, providing Dunhuang.com sellers and external customers with efficient end-to-end logistics transportation services and warehousing services, as well as customized and differentiated logistics supply chain solutions. (E-commerce News)

10. Lazada announces the operation arrangements for LGF center warehouse and overseas warehouses for Double 12 promotion

According to reports on October 26, in order to ensure the time limit for goods entering and outbound orders during the Double 12 promotion period, Lazada recently released the latest arrangements for LGF warehouse operations. The deadline for the Dongguan Central Warehouse Promotion is December 8 (inclusive). From December 9 to December 15, the Dongguan Central Warehouse suspended the receipt and no goods were put on the shelves, and normal operations will resume on the 16th. If an official shipping plan is used, such as LGF Shenzhen/Yiwu Container Warehouse, the delivery deadline for the Double Twelve Promotion is November 1 (inclusive). For direct loading of goods in the entire cabinet factory, the latest booking time is November 4, and the latest installation time is November 8. (E-commerce News)