Evening information: The transaction volume of 82 Tmall brand members exceeded 100 million this year on Double 11; Alibaba and Zhang Yong: Take on greater responsibilities with more advanced technology; 1688 adjust the service fee settlement standards for factory cargo goods entering the off-site distribution supply center; Oriental selects Beijing company to add new medical supplies production business; Youzan's new retail launch new functions: new fission friends support random allocation of employees...

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E-commerce newsletter
1. Youzan's new retail launch new features: Added fission friends to support random assignment of employees
On November 3, Youzan New Retail launched a new feature this week: Added fission friends to randomly allocate employees to reduce the possibility of risk control; the promotion product list can be searched according to the product barcode/encoding. In terms of random allocation of employees, the headquarters will conduct fission activities and launch activities through mass posting, WeChat Moments advertising, etc. The reception staff of fission are headquarters employees. Because each employee has many friends and the fission speed is relatively fast, it may be controlled by the enterprise's micro-bree employee account, resulting in the fission being unable to proceed. (Youzan New Retail)
2. JD.com releases Lux-Green luxury goods charity plan
According to reports, on the one hand, consumers can purchase environmentally friendly and recyclable fashion items in the JD New Department Store venue to convey an environmentally friendly attitude through daily wear; on the other hand, they can participate in the "Old Clothes Exchange" activity, donate idle clothes, promote the rebirth of old items, and have the opportunity to exchange for JD Luxury Thanksgiving Gifts. (E-commerce News)
3. Adjust the service fee settlement standards for factory cargo goods entering the off-site distribution source center
According to November 3, the 1688 platform today issued a notice on the settlement standards for service fees of "1688 Strictly Selected Products" on the off-site distribution source center. The announcement stated that in order to better help merchants coordinate the online price system to do a good job in online business, the 1688 platform plans to adopt the rule that off-site distribution order service fees are not repeated for off-site distribution order service fees for goods in the 1688 factory goods. These rules will officially come into effect on November 11, 2022. (1688 platform rules)
4. This year, this year's Double 11, the transaction volume of 82 Tmall brand members exceeded 100 million
On November 3, Tmall spokesperson's official Weibo released a list of clubs with Tmall membership transactions of over 100 million today. On Tmall Double 11 this year, the transaction volume of 82 brand members exceeded 100 million; of the transaction volume of 2,700 well-known brands, more than 50% came from members, and the transaction volume of more than 4,000 brand members increased by more than 100% year-on-year. It is worth mentioning that Tmall Double 11 launched the largest koi event, and users can participate by using Taobao’s photo-taking function. The Tmall Double 11 Organizing Committee introduced: "During the entire Double 11 period, more than 1 million Koi users will be born, and a single person can get a maximum of 49,999 yuan in a single day." (Tmall spokesperson)
Internet news
5. Worth buying Value Enjoy Fund for the wholly-owned subsidiary proposed to be cancelled
On November 3, Beijing Ciximai Technology Co., Ltd. recently issued an announcement stating that according to the company's overall development strategy, in order to improve operational efficiency and reduce operating management costs, after careful research, the company plans to cancel its wholly-owned subsidiary Beijing Cixixiang Private Equity Fund Management Co., Ltd. The company reviewed and passed the "Proposal on the Cancellation of Fund Management Company" at the 14th meeting of the third board of directors held on October 27, 2022. This cancellation does not constitute an associated transaction, nor does it constitute a major asset restructuring as stipulated in the "Regulations on the Management of Major Asset Restructuring of Listed Companies". (Worth buying the official one)
6. Oriental Select Beijing Company Adds New Medical Supplies Production Business
According to news on November 3, Tianyan Check information shows that recently, Dongfang Zhenxuan Technology Co., Ltd. has undergone industrial and commercial changes, and the company's business scope has added new production of protective supplies for medical staff; wholesale, retail of protective supplies for medical staff, etc. Information shows that the company was established in 2021, with the legal representative being Sun Dongxu, with a registered capital of RMB 10 million, and the suspected actual controller is Yu Minhong. (Tianyan Check)
7. Goldman Sachs: Reduce Xiaomi Group's target price from HK$14.7 to HK$13 in rating
As of the close of November 3, Xiaomi Group closed at HK$9.12, down 2.56%, with a total market value of HK$226.945 billion. (Jinwu Information)
8. Alibaba Zhang Yong: Take on greater responsibilities with more advanced technology
According to November 3, at the 2022 Yunqi Conference that opened today, Alibaba Chairman and CEO Zhang Yong said that technology is the cornerstone of Alibaba's journey from the past to the present and better towards the future. Zhang Yong also said that Alibaba will continue to explore, witness and support the growth of young Chinese scientists in the future, and encourage the company's engineers to go to society, go to the countryside, teach people how to fish, and promote rural revitalization and social development with a public welfare heart. At last year's Yunqi Conference, Alibaba launched the "Youth Cloud Aid" plan, proposing to give full play to the technological advantages of cloud computing and use tools to promote educational equity. (Sina Finance)
Cross-border newsletter
9. Alibaba International Station will remove VOUNOT oven products
On November 3, Alibaba International Station released a VOUNOT oven product recall announcement today. The announcement stated that in order to protect the rights and interests of platform users and reiterate Alibaba International Station's concern about the importance of product safety, Alibaba International Station will remove the products that need to be recalled. The announcement shows that the VOUNOT oven product risk description: The horizontal surface where the grill is placed becomes too hot, reaching a temperature of 130 degrees above the ambient temperature. Therefore, users may get burned and the product may cause fire. (Alibaba)
10. EBay India's cross-border export sellers have exceeded 100,000
On November 3, media reports said that Pavan Ponnappa, marketing director of eBay India, revealed that more than 100,000 registered Indian sellers on the eBay platform are engaged in cross-border trade and export. It is understood that over the past 3-4 years, eBay India has been paying attention to cross-border trade, especially export trade, because the company has stopped providing other services in India. After Flipkart acquired eBay India in 2017, eBay's market services for Indian consumers were closed in 2018. In addition, eBay plans to focus on various districts of the country this year to help Indian sellers export goods, such as high-end jewelry in southern India, carpets in Kashmir and Rajasthan. (The Hindu BusinessLine)
