#Laogao E-commerce Newsletter# [October 26 E-commerce Evening News Brief]

Evening information: The "14th Five-Year Plan" e-commerce development plan: prevent and stop monopoly in the platform economy; 14 traditional Chinese medicine clinics participated in Tmall Double 11 for the first time; the official refutes the rumors: "Hangzhou City recruited Luo Yonghao as image ambassador" is false information; Amazon brand acquirer Thrasio completed a US$1 billion Series D financing; Kuaishou International launched the advertising platform "Kwai for Business" in Brazil... .

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

E-commerce newsletter

1. The "14th Five-Year Plan" E-commerce Development Plan: Prevent and Stop Monopoly in the Platform Economy

The plan proposes to accelerate the revision of the Anti-Monopoly Law, promote the revision of the E-Commerce Law, formulate supporting provisions for related laws such as data security and personal information protection, and improve the platform governance rules system. Refine anti-monopoly and anti-unfair competition rules, prevent and stop monopoly and unfair competition in the platform economy, and guide platform operators to operate in accordance with the law. Improve the e-commerce industry standards, and focus on the development of new business standards such as live e-commerce, social e-commerce, rural e-commerce, and overseas warehouses. It is expected that the total e-commerce transaction volume will reach 46 trillion yuan by 2025, and the national online retail sales will reach 17 trillion yuan. (E-commerce News)

2. Alibaba Health closed down nearly 11%, with a total market value of less than HK$150 billion

According to news on October 26, the Hang Seng Index in Hong Kong closed down 0.36% today, while the Hang Seng Technology Index fell 1.34%. Alibaba Health closed down 10.88% at HK$10.98, with a total market value of less than HK$150 billion, or HK$148.118 billion. In addition, Ping An Good Doctor fell by more than 6%, while JD Health fell by 3.20%. It is reported that Alibaba Health issued an announcement stating that the group expects to achieve a net loss of no more than RMB 320 million in the six months ended September 30, 2021, while the net profit in the same period of 2020 was approximately RMB 279 million. (E-commerce News)

3. 14 traditional Chinese medicine clinics participated in Tmall Double 11 for the first time    

On October 26, according to China Securities Journal, it was learned from Alibaba Health that 14 well-known traditional Chinese medicine clinics participated in this year's Tmall Double 11 for the first time, providing consumers with thousands of Chinese herbal medicine decoctions and hundreds of famous traditional Chinese medicine prescriptions. In addition, Tmall Traditional Chinese Medicine Center also provides online drug grabbing services for consumers with personalized needs. At present, 14 well-known traditional Chinese medicine clinics have settled in Tmall Traditional Chinese Medicine Clinic, including Fang Huichuntang, Cai Zhilin, Li Liangji, Gushengtang, Jiuzhou Shangyi and other well-known offline medical clinics, as well as new Internet traditional Chinese medicine represented by Xiaolu Traditional Chinese Medicine. (E-commerce News)

4. Vipshop releases the October beauty list of people born in the 1980s and 1990s to purchase more than 70% of anti-hair loss products

According to news on October 26, Vipshop's Beauty Festival data released on October 25 showed that sales of anti-hair loss products represented by Lu, Ziyuan, KONO, Bodi and Bawang continued to rise, with year-on-year growth of 61%, 69%, 404%, 157%, and 6% compared with the previous month. In addition, the data also shows that nearly 38% of anti-hair loss products are purchased by consumers born in the 1980s, nearly 23% of sales come from consumers born in the 1990s, and nearly 10% of sales come from consumers born in the 1995s. In other words, the post-80s and post-90s bought more than 70% of the anti-hair loss products on Vipshop’s platform. (E-commerce News)

Internet news

5. Official rumors refuted: The online rumor that "Hangzhou City hired Luo Yonghao as image ambassador" was false information

On October 26, the Hangzhou media website jointly issued a message today saying that recently, "Hangzhou City hired Luo Yonghao as the image ambassador" circulated online. After verification, Hangzhou City did not hire him as the image ambassador, which is false information. Please do not believe in rumors or spread rumors. (E-commerce News)

6. Xianyu and Tmall launched the "old trade-in" activity of digital home appliances on Double 11

On October 26, Tmall released its green consumption proposal this year, announcing that it will be committed to creating a low-carbon Double 11. Xianyu and Tmall launched a "old-for-new" campaign for home appliances and mobile phone digital products to promote users to replace old home appliances with high energy consumption, achieve green renewal of home appliances throughout the house, and turn waste into consumption. It is reported that from now until November 11, consumers will participate in Tmall Double 11 "old trade-in" and the recycling amount can be directly used for the purchase of new machines. In addition, they can also enjoy the double subsidy of collecting old and replacing new. (E-commerce News)

Cross-border newsletter

7. Korean e-commerce platform Coupong reaches cooperation with Payoneer

According to foreign media reports, recently, South Korean e-commerce platform Coupong announced a cooperation with Payoneer. In addition, sellers will obtain a simplified entry into Coupang process through Payoneer's green channel, leverage Coupang's status as the most popular e-commerce platform in South Korea to explore new growth opportunities. It is understood that as of the second quarter of 2021, Coupang had more than 17 million active buyers and generated $15.6 billion in revenue in the past 12 months. South Korea is Coupang's main market, and its e-commerce sales rank fourth in the world. (E-commerce News)

8. Amazon brand acquirer Thrasio completes US$1 billion Series D financing

According to foreign media reports, Amazon's third-party brand acquirer Thrasio recently announced that it had completed a $1 billion full-equity Series D financing, which will be used to continue to acquire more companies and expand internationally. Thrasio said it now acquires about 1.5 brands per week and has owned about 200 brands so far. It is understood that Thrasio, founded in 2018, has now raised $3.4 billion, including a $650 million debt round earlier this year. After completing this round of financing, Thrasio is valued at about $5 billion to $10 billion. (E-commerce News)

9. Kuaishou International launches advertising platform "Kwai for Business" in Brazil

According to October 25, eBay recently obtained a patent for a "robot sales assistant" to help sellers improve order delivery efficiency. In terms of sales, the robot sales assistant automatically generates a list describing the product by scanning the product's dedicated identification mark, and uses image recognition technology to identify potential counterfeit products or products that are deliberately mislabeled. In terms of order delivery, robot sales assistants can weigh items based on 3D models or using lasers, determine appropriate packaging materials, and estimate their shipping costs. It is understood that the patent is currently planned to be used in fields such as watches, sneakers and handbags. (E-commerce News)

10. AliExpress has stepped up its layout of merchant operation service centers in Hangzhou, Guangzhou and other places

According to October 26, at the Hangzhou G100 overseas plan merchant summit held yesterday, AliExpress announced the specific implementation plan of the national merchant operation service center. According to reports, AliExpress has now established local service centers in Shenzhen and Yiwu, and is expected to gradually deploy local merchant operation service centers in Hangzhou, Qingdao, Guangzhou and other places before the end of December this year. Starting from now on, for the potential new merchants that have opened AliExpress in Hangzhou, AliExpress will fully launch the "G100 Merchant Growth Plan" to create a merchant growth training camp with three months as an incubation cycle. Help the company grow in all aspects from product selection, operation, service, logistics, etc. (E-commerce News)