#Laogao E-commerce Newsletter#【E-commerce Evening News Brief on November 10】

Morning News: Wish's net loss of US$125 million in the third quarter of this year was US$124 million; Luo Yonghao's shareholding company "Get Ranking" executed the target of 222,300 yuan; Tmall Supermarket will start selling Feitian Moutai on the evening of the 11th; Taobao Shopping now supports Yipai payment; Suning.com Double 11 has created a domestic brand super flagship store in stores across the country...

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E-commerce newsletter

1. Youzan's new retail launch: CRM's new upgrade is about to expire points reminder plan

On November 10, Youzan's new retail product update column, including the new CRM upgrade point reminder plan. This iteration supports statistics on expired points in different dimensions, meeting the different operating scenarios of merchants, and at the same time, it can provide information access through multiple channels and cooperate with personalized care notifications to ultimately achieve accurate access to the crowd and notification content, and enhance user activity. Therefore, this upgrade supports merchants to configure performance and whether the stored value payment can be deducted when calculating commissions. (Youzan New Retail)

2. Tmall Supermarket will start selling Feitian Maotai on the evening of the 11th

According to November 10, the reporter learned that on the evening of November 11, 40,000 bottles of Feitian Moutai were officially launched at Tmall Supermarket. Consumers can enter Tmall Supermarket through Taobao app, search for "Moutai" to enter the purchase page, or click on the "live room" in Tmall Supermarket to rush to buy 2 bottles per person on time. In addition, in order to create a fair and just purchasing environment for consumers during Double 11, Tmall Supermarket continues to use the strictest scalper system to identify robot orders and abnormal orders for multiple accounts, after order review and manual abnormal order review, four lines of defense are built to ensure that 1,499 yuan Feitian Moutai sales always maintain 0 scalper orders. (E-commerce News)

3. Taobao Shopping now supports Yi Payment

On November 10, Yifu recently announced that Taobao supports Yifu payment and has launched a random amount discount and exemption campaign. It is understood that this is the "Easy-by-bi-reduction reduction of up to 10 yuan per month" discount activity launched by Yipai in order to promote the interconnection with Taobao payment and combined with the Double 11 e-commerce promotion. When shopping and spending on Taobao APP, users can choose the payment method of Yipai APP. If the amount of a single order is ≥10 yuan, they can automatically participate in the "Every Bis" activity. There is no limit on the number of discounts on the immediate discount, and you can enjoy a maximum discount of 10 yuan per month. The event will be from November 1 to November 30. (Wing Payment)

4. Suning.com Double 11 creates a domestic brand super flagship store in stores across the country

It is understood that during the Double Eleven period, Suning.com launched new business formats of Suning Yijia flagship stores in stores across the country, and a "real-scene live broadcast base" for the high-end, scenario-based and set-up consumption trends, to help domestic brands sell. At the same time, Suning.com joined hands with the top 100 domestic brands to promote new products, give subsidies, and jointly "create festivals", promoting consumption upgrades on both supply and demand. (Suning.com Blue Microphone)

5. Two major services for JD Express Online reservation and delivery, verification and collection

On November 10, JD Logistics announced yesterday that during Double 11, JD Express officially launched two services: reservation and delivery and verification. It is understood that consumers can enjoy short-term temporary storage and regular delivery when placing an order on the JD Express mini program, and they can freely choose the delivery time period within the next 7 days. At the same time, in response to the night delivery needs of some consumers, JD Express has also launched night reservation delivery services, providing consumers with evening delivery services from 21:00 to 24:00 pm. (JD Logistics)

Internet news

6. Luo Yonghao's shareholding company's execution target of 222,300 yuan

According to the news on November 10, Tianyancha APP showed that recently, Guangzhou Gaide Ranking Information Technology Co., Ltd. added new information of the person subject to execution, with the execution target of 222,389 million yuan, and the case number is Guangdong 01 Execution No. 6078. The execution court is the Guangzhou Intermediate People's Court of Guangdong Province. Tianyan Check information shows that Guangzhou Gaide Ranking Information Technology Co., Ltd. was established on May 9, 2016. The legal representative is Li Tie, with a registered capital of RMB 2.04309 million. Shareholder information shows that the company's shareholders include Dazi County Bairuixiang Venture Capital Management Co., Ltd., Guangzhou Gaide Information Technology Partnership, Li Tie, Zhang Xiaolong, Luo Yonghao and others, among which Luo Yonghao holds about 2.98%. (Tianyan Check)

7. Qu Fang, founder of Xiaohongshu: Co-construction and sharing are the community genes of Xiaohongshu

On November 10, the 2022 World Internet Conference was held in Wuzhen, Zhejiang Province. Xiaohongshu founder Qu Fang delivered a keynote speech at the Digital Economy Forum and participated in the roundtable dialogue between the Internet Entrepreneurs Forum to share Xiaohongshu's current practice, planning and imagination of the future in the environment of co-construction and sharing of the digital economy. Qu Fang introduced that Xiaohongshu has gathered 173,000 brands in more than 200 countries and regions around the world, and a group of new and old domestic brands have become popular on Xiaohongshu. (Sina Finance)

8. Alibaba Vice President Xing Yue: Broaden the digital divide and create a good digital business environment

Xing Yue said that participating in global trade not only requires mature business capabilities and complete infrastructure, but also an equal and inclusive business environment. Xing Yue believes that in the process of the construction of the Digital Silk Road, countries and regions along the route also face multiple pressures and challenges from all aspects due to differences in the development levels of digital infrastructure and e-commerce, such as network security risks, different legal systems, shortage of digital talents, and lack of intellectual property protection. Xing Yue introduced that at present, eWTP has cooperated in 10 regions in 7 countries. (China Daily)

Cross-border newsletter

9. Wish's third quarter revenue of $125 million net loss of $124 million

According to November 10, Wish recently released its third-quarter financial report as of September 30, 2022. According to the financial report, Wish's revenue in the third quarter of this year was US$125 million, a year-on-year decrease of 66%, a net loss of US$124 million, a loss of US$0.18 per share, and an adjusted EBITDA loss of US$95 million. During the reporting period, Wish's core market revenue was US$40 million, a year-on-year decrease of 78%; ProductBoost revenue was US$11 million, a year-on-year decrease of 70%; logistics revenue was US$74 million, a year-on-year decrease of 50%. For the fourth quarter of fiscal 2022, Wish expects adjusted EBITDA to be between $90 million and $110 million for that quarter. This decline is mainly due to the cumulative reduction in Wish marketing spending over the past year. (Wish official)

10. eBay adds three new certification docking positions

On November 10, eBay announced that it has added a new warehouse for Shenzhen Qianhai Yunde Supply Chain Management Co., Ltd., a German warehouse for China Post Group Co., Ltd., and a Canadian warehouse for Shenzhen Yidayun Technology Co., Ltd. as an eBay certified docking warehouse. As of November 10, 2022, eBay has awarded the eBay certification docking warehouse title to 31 overseas warehousing service providers. It is understood that in November 2021, eBay issued a policy for exemption from assessment of overseas warehouse service standards for using eBay certification docking warehouse transactions. (eBay official)