Evening News: Pinduoduo's cross-border e-commerce platform Temu plans to launch the "Slash" function; Yu Minhong resigns as director of OK Smart Education; Daily Youxian recomplies with the Nasdaq minimum purchase price requirements; What is worth buying Double 11 battle report: 15-hour GMV breaks through last year's good start all day; Tmall Double 11 bonded warehouse imported goods are on the shelves with certificates and full-link quality inspections can be traced...
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E-commerce newsletter
1. Tmall launched the "yellow handrail plan" on Double 11. More than 23,000 yellow handrails have been collected.
On November 2, on October 26 this year, Tmall joined hands with the Chinese Society of Gerontology and Gerontology to launch the "Yellow Handrail Plan", linking 20 brands to jointly deliver 50,000 elderly-friendly handrails to the society. During Double 11, consumers can collect it by opening Taobao’s “Yellow Handrail Plan”. Within 60 days, 300 cities and 1,800 districts and counties across the country will be installed for free. (China.com Technology)
2. What is worth buying Double 11 battle report: 15-hour GMV breaks through last year and has a good start all day
According to November 2, at 8 pm on October 31, the "Double 11" of the entire network will officially start this year. The Science and Technology Data Center shows that in just 14 hours and 56 minutes, the sales of the Science Consumer Guide "What is Worth Buying" has exceeded the sales of the 24-hour start last year. In the 16 hours before the start, the GMV of computers, home decoration main materials, mobile phone communications, and residential furniture increased by 41.17%, 32.86%, 26.55% and 23.55% year-on-year respectively. (E-commerce News)
Internet news
3. WeMall Group: Operating performance in the third quarter recovered rapidly, with gross advertising revenue of 2.87 billion yuan
On November 2, WeMall Group issued an announcement stating that the board of directors believes that the company's operating quality is steadily improving and that various businesses have recovered rapidly in the third quarter ended September 30, 2022. The announcement stated that the company's new WOS commercial operating system has also been officially launched, and the original customers have completed data migration. With the continuous access of ecological partners, more than 2,000 applications and services have been put on the shelves of WeMall Cloud Market, which means that the company has further deepened its strategy of large-scale customization and began to fully embrace ecologicalization. (WeChat Official)
4. Alibaba's Picking Software Company has changed its name to Taote Software
According to news on November 2, Tianyan Check information showed that on November 1, the original Hangzhou Zhuoxie Software Co., Ltd. was renamed Zhejiang Taote Software Co., Ltd. The company was established in March 2021 with a registered capital of RMB 500 million. The legal representative is Wang Hai, wholly owned by Alibaba (China) Network Technology Co., Ltd. The business scope includes software development; information system integration services; technical services; network technology services; information technology consulting services; computer software and hardware and peripheral equipment manufacturing; advertising production; information consulting services; data processing services; Internet sales, etc. (Tianyan Check)
5. Yu Minhong stepped down as director of OK Smart Education
According to the news on November 2, Tianyancha App showed that on November 1, Beijing Dianshi Jingwei Technology Co., Ltd., an affiliated company of OK Smart Education, underwent industrial and commercial changes, and New Oriental Education Technology Group Co., Ltd. withdrew from the ranks of shareholders, and Yu Minhong resigned as director. Information shows that the company was established on January 14, 2014 with a registered capital of RMB 56.525239 million. Its business scope includes: technology development, technical consultation, technical services, and technology transfer of computer software and hardware; sales of self-developed products; online sales of electronic products; enterprise management; investment management; asset management; hosting exhibitions and display activities; conference services, etc. (Tianyan Check)
6. WeChat personal payment code will no longer provide credit card payment services
On November 2, WeChat Payment Assistant recently issued an important notice on credit card collection adjustment. The notice shows that "according to management regulations, from November 1, 2022, personal collection codes will no longer provide "credit card collection" services. According to reports, in the "WeChat Payment Assistant", click on the business collection service in the bottom menu bar - apply for a business collection code. No business license is required, the merchant can submit ID cards and store photos. The personal collection code is gradually relaxing invitations. If there is no entrance to business collection service in your menu bar, please continue to pay attention. (Payment Industry)
7. Daily Youxian recomply with the Nasdaq minimum buying price requirements
On November 2, community retail e-commerce platform MissFresh recently announced that the company has received a notice letter issued by the Nasdaq Listing Qualification Department on October 31, 2022, informing the company that it has resumed compliance with the Nasdaq Listing Rules 5450. According to the compliance notice, from October 17 to October 28, 2022, the closing price of the company's ADS is US$1.00 per ADS or more for 10 consecutive working days, and the company has re-complied with the minimum bid price requirement and the matter has been concluded. (Official official of Daily Youxian)
Cross-border newsletter
8. Tmall Double 11 bonded warehouse imported goods are listed on the shelves with a certificate and full-link quality inspection can be traced
According to November 2, the reporter learned that in order to ensure the quality of the goods received by consumers, Tmall International conducted a full-link quality inspection of imported goods to achieve full coverage of traceability code. This year, imported goods must be licensed before they can be put on the shelves and out of the warehouse. After double verification, the staff will paste an exclusive traceability code on the outer packaging of each product. At present, more than 900 categories of imported goods in Tmall International bonded warehouses have fully covered the "traceability code", involving more than 120,000 products. (E-commerce News)
9. Dunhuang Online Online US Standard Special Line (General + Electric + Special)-Sunstone Channel
On November 2, Dunhuang.com released a notice on the launch of the US Standard Line-Sunstone today. The announcement shows that the US Standard Line-Sunstone channel reference transportation time (natural day) is 10-28 days, and the weight limit is 0-2.2kg. (Dunhuang.com)
10. Pinduoduo's cross-border e-commerce platform Temu plans to launch the "Slash" function
Previously, Temu has launched the "Give40%, Get 40%" event, and users can get a 60% discount coupon by sharing discount codes. It is understood that after Temu entered the US market for the first time, it once surpassed Amazon Shopping to top the list of free shopping applications on the US App Store. It is understood that Temu initially launched a large number of discounts, including a 20% discount on the first order, free delivery fees and free returns and exchanges. As of October 2, 2022, the reviews of iOS platforms in the United States showed that Temu users' evaluations showed a polarization trend. About 57% of users gave Temu a 5-star review, but 33% of users posted a one-star negative review, with an average rating of 3.48 stars. (Cailianshe)
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