#Laogao E-commerce Newsletter#[November 8 E-commerce Evening News]

Evening News: 2022 Hurun Rich List released Zhang Yiming ranked second with a wealth of 245 billion yuan; JD.com's late payment compensation is up to 50 yuan; JD.com's 1111 has more than 200 million people applied for "one-click price insurance" service; Baozun E-commerce announced that the total transaction volume of Gap's Greater China business will be no more than US$50 million; Secoo Group and Jinan Shanzaicheng Company have reached a cooperation agreement, which plans to invest 500 million yuan...

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E-commerce newsletter

1. More than 200 million people have applied for the "one-click price insurance" service on JD.com on 1111

According to November 8, JD’s official account disclosed data today: During the 111 period, more than 200 million people have clicked to apply for "one-click price insurance". According to reports, more than 500 million products on the platform support 30-day purchases and price refunds. Consumers can apply multiple times and also support coupons. It is worth mentioning that in terms of after-sales, Jingmai Merchant Center recently announced that JD.com's "Youxianqiao" insurance service was officially launched on October 24, 2022, providing sellers with complete after-sales insurance service solutions, reducing customer complaints, saving labor costs for disputes, and improving the quality of after-sales service. (JD official)

2. Meituan APP tests the short video interface of "Meituan Takeout Second Floor"

On November 8, Meituan APP was recently updated. After clicking to enter the "Take-out" module, the platform will pop up a prompt to guide users to "go to the second floor". After pulling down, you can enter the short video interface of Meituan Take-out. The test found that the short video display logic of "Meituan Takeaway Second Floor" is similar to that of Douyin, both with a single-screen up and down sliding mode. Compared with the food videos on the short video platform, the short video content presentation, shooting techniques and copywriting introduction of "Meituan Takeout Second Floor" are relatively simple. (Interface News)

3. JD.com Youxian Online

On November 8, the Beijing Mai Merchant Center issued a notice today that Youxian Loss will be launched. It is understood that the service was launched on October 24 this year. If consumers find that the goods are rotten, spoiled, foreign objects and bleed within 48 hours after receiving the goods, consumers can apply for insurance claims. If the product is not fresh, rotten, deteriorated, or has foreign objects, partial or full refund will be made according to the proportion of its quantity to the total product. The service covers pop merchants involved in eight categories, including seafood, aquatic products, pork, beef, mutton, poultry, and eggs. (Jingmai Business Center)

4. JD.com late payment compensation is up to 50 yuan

On November 8, the Beijing Mai Merchant Center issued a notice to the merchant today, and the compensation will be launched later. It is understood that the service compensates for the losses caused to consumers by shipping problems in the form of insurance compensation. Except for virtual categories and non-real payment products, they are not covered by insurance, they are applicable to all categories of goods. In addition, orders whose order status has expired before the appointment and pre-sale orders are triggered are not covered by the coverage. (Jingmai Business Center)

Internet news

5. Qunar and several airlines launched the "second card" of air tickets on Double 11

On November 8, the Double 11 event was launched. The online travel platform Qunar and several airlines launched "secondary cards", so that passengers can enjoy low-priced travel. It is understood that the air ticket card is a product launched by Qunar and airlines in 2021 in combination with consumer demand. Passengers purchase the card at a fixed price in advance and can choose to redeem tickets at any time on the airline's flights. In addition to the fuel surcharge for the construction of the engine, there is no need to pay any additional fees. For ordinary passengers, secondary cards are more flexible than "Flying" products, and passengers can arrange their travel according to their own time; airlines can advance the booking process, making it easier to adjust the cabin space flexibly. (China Tourism Association)

6. New Internet game services are added to the business scope of Zhixin Network under Alipay

According to the news on November 8, Tianyancha App shows that recently, Zhixin Network Technology Co., Ltd. has undergone industrial and commercial changes, and its business scope has been added to its Internet game services; the second-class value-added telecommunications business; animation game development; software development, etc. Zhixin (Shanghai) Network Technology Co., Ltd. was established in June 2015 with the legal representative Chen Guanhua, with a registered capital of RMB 153 million. The equity penetration chart shows that the company's shareholder is Alipay (Hangzhou) Information Technology Co., Ltd., which is wholly owned by Ant Technology Group Co., Ltd. (Tianyan Check)

7. 2022 Hurun Rich List released Zhang Yiming ranked second with a wealth of 245 billion yuan

On November 8, Hurun Research Institute released the "2022 Hurun Rich List" today, and the deadline for wealth calculation of entrepreneurs on the list is September 15, 2022. According to the information on the list, Zhang Yiming, 39, of ByteDance, has dropped by 95 billion yuan, or 28%, ranking second with 245 billion yuan, and remains unchanged. Beijing, Shenzhen and Shanghai are still the top three cities with the most livestock entrepreneurs on the list. (Hurun Rich List)

8. Baozun E-commerce announced that it will acquire Gap's Greater China business will be no more than US$50 million

On November 8, Baozun E-Commerce announced that its wholly-owned subsidiary White Horse Hongkong Holding Limited has reached a share purchase agreement with Gap Inc. and Gap Limited to acquire two operating entities that are fully responsible for operating Gap Greater China business. The benchmark consideration for this equity transaction is US$40 million. Depending on the final adjustment of the agreement, the total transaction amount shall not be higher than US$50 million. At the same time, many affiliated companies of Baozun E-Commerce have also reached a series of business agreements with Gap - Baozun E-Commerce has been exclusively authorized by Gap to produce, promote and sell Gap products in Greater China, and also has the right to design Chinese products. (Baozun E-commerce)

9. Secoo Group and Jinan Shanzaicheng Company reached a cooperation agreement, which plans to invest 500 million yuan

On November 8, Secoo Group recently announced that it had reached a high-end supply chain cooperation with Jinan Shanzaicheng Development Co., Ltd., a subsidiary of Shandong Mingshui Guokai Development Group Co., Ltd., which is expected to invest about 500 million yuan in the future to support supply chain cooperation between the two parties. It is understood that the two parties will cooperate in luxury goods supply chain, international trade, regional market development in Jinan and Shandong, physical store operation and consumption upgrades, etc., to achieve industrial expansion and upgrading. (Blue Whale Finance)

Cross-border newsletter

10. Amazon small parcel delivery cooperative carrier plan is launched in Belgium

On November 8, Amazon announced yesterday that it has cooperated with UPS to launch a small package delivery cooperative carrier program, which is now online in Belgium. The announcement shows that the partner carrier program allows sellers to ship small parcels from Belgian addresses to Amazon operating centers in Germany, Spain, France and Italy. From now until November 3, 2023, sellers can enjoy an 80% discount on UPS partner carrier program rate when shipped from Belgium. It is understood that Amazon Belgian site was officially opened on October 18 this year. There is no FBA warehouse in Belgium and can be directly entered into Germany and France. (Amazon Seller Forum)