#Laogao E-commerce Newsletter# [November 10 E-commerce Morning News]

Morning News: Zhou Hongyi talks about live broadcast: After trying, he found that this bowl of rice is not something that ordinary people can eat; JD Xu Lei: 94% of districts, counties and 84% of townships in the country can achieve same-day delivery or next-day delivery; Forbes released the 2022 China Mainland Rich List Zhang Yiming still ranks second on the list; Pinduoduo Temu's US site launches a new logistics model to merchants, which may enter Canada and Spain; SHEIN pilots Taobao model in Brazil...

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

E-commerce newsletter

1. JD Xulei: 94% of districts, counties and 84% of townships across the country can achieve same-day delivery or next-day delivery

On November 9, Xu Lei, CEO and Executive Director of JD Group, attended the Wuzhen World Internet Conference today and delivered a speech. He said that under the coverage of JD's highly coordinated multi-level supply chain infrastructure and warehouse distribution network, 94% of districts and counties and 84% of townships in the country can achieve same-day delivery or next-day delivery. Xu Lei said that in China, JD.com operates more than 1,400 warehouses and manages a total storage area of ​​about 26 million square meters. In North America, JD.com has laid out many important logistics hub cities in the United States, and its daily delivery service has covered 90% of the United States from the 2nd to 3rd. (Pengpai News)

2. During Double 11, Suning.com's purchase orders increased by 127%

According to news on November 9, Suning.com data showed that since the launch of Double Eleven, the national store customer flow has increased by more than 2 times month-on-month, the purchase order volume of home appliance packages has increased by 127% month-on-month, the sales of green and energy-saving home appliances have increased by 132% month-on-month, and the sales of newly opened stores in Chongqing, Nanjing, Shanghai and other cities have increased by more than 100%. In terms of hot-selling categories, this year's Double Eleven, orders for Suning.com's stores such as central integration and kitchen and bathroom, color TV projection, heating and cleaning household appliances, refrigerator, washing and drying and other categories rose rapidly. (Suning.com Blue Microphone)

3. Zhou Hongyi talks about live broadcast: After trying it, I found that this bowl of rice is not something that ordinary people can eat.

According to November 9, at the Wuzhen Summit of the 2022 World Internet Conference, Zhou Hongyi, founder of 360 Group, accepted an interview with the media. When talking about live broadcasts, Zhou Hongyi said that he heard Yu Minhong say that live broadcasts are very profitable and he was a little jealous, but after trying it, he found that this bowl of rice is not something that ordinary people can eat. "I still do digital security steadily." "My purpose of doing live broadcasts is to try it out. But the biggest obstacle to live broadcasts is that there is not enough time, and there is no time for Yu Minhong and Zhang Chaoyang." (Sina Technology)

Internet news

4. Survey: 55% of American consumers are willing to buy Chinese brand products this year

It is worth noting that the popular categories that American consumers intend to buy during the holiday season happen to be the same as the Chinese brand categories they are willing to buy. In addition, hobbies and stationery, mobile and small electronic devices, consumer electronic products, and online games are also popular among consumers. (PR Newswire Headlines)

5. Forbes releases the 2022 China Mainland Rich List Zhang Yiming still ranks second on the list

On November 10, Forbes released the 2022 China Mainland Rich List today. ByteDance founder Zhang Yiming still ranks second on the list, with his wealth of US$49.5 billion, down $9.9 billion from last year. In the electronics and Internet industries, Xiaomi founder Lei Jun ranked 37th this year, and his wealth dropped from US$17.9 billion last year to US$7.6 billion, a decrease of more than 50%. JD.com Chairman Liu Qiangdong ranked 32nd this year, and his wealth dropped from US$17.6 billion last year to US$8.3 billion. (Forbes)

6. Shentong’s first wave of Double 11 battle report: 97% of pre-sale orders are delivered the same day

According to the news on November 9, the first wave of Shentong Double 11 report showed that the results of "pre-sales and delivery" of two major differentiated services this year's peak season are highlighted. On the evening of October 31, Shentong delivered the first order of Double 11 this year to Ms. Jin, a villager in Jiaxing, Zhejiang, in just 9 minutes. The pre-sale SpeedDai service provided by the third consecutive year has become more and more proficient. (Voice of Shentong)

Cross-border information

7. Add new liquor business across the business scope of Express Transport

According to the news on November 9, Tianyancha App showed that on November 8, Kuaiyue Express Group Co., Ltd. had an industrial and commercial change, with new liquor operations added in the business scope, and a new liquor wholesale license added to the license information. According to the company's official website, Kuaiyue Express Group Co., Ltd. was founded in 2007. Qianyue Express provides three major time-limited products: same-day delivery, next-day delivery and next-day delivery. In addition, the company has also launched special service models such as the same-day, the same-day, the same-day, the land-based parts, and the fast-fresh transportation of fresh food. In order to create greater value for corporate customers, Juyue Express has launched a special exclusive service: 24-hour night delivery and 1-to-1 service. (Tianyan Check)

8. eBay announces the issuance of US$1.15 billion priority unsecured bonds

On November 9, eBay recently announced a $115 billion underwriting public offering pricing for its preferred unsecured notes, of which $425 million is 5.900% notes due in 2025, $300 million is 5.950% notes due in 2027, and $425 million is 6.300% notes due in 2032. The public offering price of the bond in 2025 is 99.883% of the principal amount, the public offering price of the bond in 2027 is 99.863% of the principal amount, and the public offering price of the bond in 2032 is 99.934% of the principal amount, with accrued interest added in each case. The release is expected to end on November 22, 2022. (ebay official)

9. Pinduoduo Temu American site launches a new logistics model to merchants, which may enter Canada and Spain.

The seller no longer needs to prepare the stock in advance, but only needs to complete the shipment within 24 hours based on the actual sales orders generated. According to the actual sales situation, the merchant will receive the JIT stock order at 8:00 and 16:00 every day. Within 24 hours after receipt, the merchant must pack and ship the goods as required. The delivery can only be "SF Express" delivery, and the freight must be borne by the merchant. The platform will fine the merchant based on the value of the goods for goods that do not meet the time limit. (LatePost later)

10. SHEIN pilots Taobao model in Brazil

On November 9, LatePost learned that SHEIN, China's largest cross-border fast fashion platform, is piloting the platform model in Brazil. Merchants open stores directly on SHEIN and are responsible for their own operations and logistics, just like Taobao. Previously, SHEIN designed and purchased goods by itself. It was revealed that the pilot decision was made in 2021 and officially launched in March this year. After SHEIN launched the store model in Brazil this year, the store name will be displayed in the corner of the product picture, and the store name can be viewed at the bottom right of the product details page, similar to the product picture page of Taobao merchants. (LatePost later)