#Laogao E-commerce Newsletter# [November 11 E-commerce Morning News]

Morning news: Tmall JD.com's second wave of Double 11 was launched at 8:00 tonight; JD Finance 11.11 battle report: Starting at 20:00 today, JD.com's white-table transaction volume exceeded 500 million in one minute; JD.com's peak day started for 10 minutes and the number of purchases and purchases doubled year-on-year; JD.com's "Peak 28 hours" opened for 10 minutes, JD.com's beauty sales increased by 100% year-on-year; Lazada Southeast Asian Double 11 will start for the five-day LazLive+ Shopping Carnival...

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E-commerce newsletter

1. JD.com's "Peak 28 Hours" 11.11 starts in 10 minutes. JD.com's beauty sales increased by 100% year-on-year

On November 11, JD.com's 11.11 event this year reached its peak at 8 pm on November 10, opening the "peak 28 hours". According to the battle report data, in the first 10 minutes of the game, the transaction volume of JD.com's beauty department store increased by 100% year-on-year. In the JD New Department Store clothing category, the transaction volume of more than 1,000 brands such as Bosideng, Channet, JACK&JONES, Zhou Shengsheng, UGG, and moodytiger increased by more than 5 times year-on-year. The entire category of warm clothing such as down jackets, thermal underwear, and winter boots increased by 210% year-on-year. The number of clothing products subsidized by 10 billion yuan increased by 10 times year-on-year, and the number of orders for products subsidized by 10 billion yuan increased by more than 30 times month-on-month. (JD Blackboard Newspaper)

2. JD.com's "Peak 28 Hours" starts in 1 minute Apple's transaction volume exceeds 1 billion yuan

On November 11, JD.com's 11.11 event this year reached its peak at 8 pm on November 10, opening the "peak 28 hours". According to the battle report data, in just one minute of the opening, Apple's transaction volume exceeded 1 billion yuan, and the sales of nutrition and health brands Swisse and Tongcheng Beijian both exceeded 100,000 pieces; in the opening 5 minutes, more than one million pieces of ultra-high cost-effective home appliances were sold; in the opening 10 minutes, the transaction volume of XR glasses increased by more than three times year-on-year, and 87 international beauty brands such as SK-II, Estee Lauder, Coyan's, L'Oreal, and L'Occitane increased by more than 200% year-on-year; the number of orders for automotive tire service increased by 188%. (JD Blackboard Newspaper)

3. JD.com's peak day of 11.11 starts with 10-minute hourly purchases and purchases, and the number of users doubled year-on-year

According to November 10, at 8 pm on November 10, JD.com's 11.11 Global Love Season "Peak 28 Hours" was launched for only 10 minutes, and the number of hourly purchasers in the country who have received orders doubled year-on-year. According to JD Home and JD Hour Shopping data, at the 28-hour peak of JD.com, at the 11.11 peak of 28 hours, chicken sales increased by 6 times year-on-year, liquor sales increased by more than 5 times year-on-year, clothing accessories and baby feeding supplies increased by more than 4 times year-on-year, facial cream sales increased by 3.7 times year-on-year, and gaming notebook sales in 3C digital products increased by 290% year-on-year. (Dada Group Public Relations Department)

4. JD Finance 11.11 Battle Report: Starting at 20 o'clock today, JD White Paper transaction volume exceeded 500 million in 1 minute

JD.com’s coin wallet “small treasury” increased by 108% year-on-year; small treasury’s consumption in the mall increased by 93% year-on-year. In terms of fund business, JD insists on investment and research investment and long-term value. The platform fund value new users increased by 324% year-on-year; non-merchandise public fund AL JM increased by 110% year-on-year. (JD Finance)

5. Tmall, JD.com's second wave of Double 11 will be launched simultaneously at 8 o'clock tonight

On November 10, at 8 o'clock tonight, JD.com will start its peak period of 28 hours at the climax period at 11.11. At the same time, Tmall's "Double 11 Day" officially began. Among them, on Tmall, consumers can not only enjoy a 50-yuan discount for every 300 yuan or more, 88VIP members can also receive a large coupon of 520 yuan. For JD.com, this year's Double 11 will start pre-sales from 8 pm on October 20, fully open at 8 pm on October 31, and reach its peak climax at 8 pm on November 10. During this period, the benefits will be paid for every 299 yuan spent across stores and 100 yuan spent for every 1,000 yuan spent for every 1,000 yuan spent. The price insurance service will be escorted throughout the process, and more than 500 million products will enjoy 30-day long-term price insurance. (E-commerce News)

6. 1688 upgraded "Find factory daily samples" service will take effect from November 15th

On November 10, in order to continuously optimize the online sample pickup experience and help factories establish business relationships with buyers through samples, 1688 Finding Factory will upgrade daily sample pickup service standards. This service upgrade will take effect from November 15, 2022. This service upgrade is only for customized products that support sample acquisition. According to reports, merchants need to select any custom product before November 30, enter the product editing/release page, and conduct product sample upgrade confirmation operations according to the guidance. (1688 platform rules)

Internet news

7. Kuaishou plans to hold a board meeting on November 22 to review the third quarter

业绩11月10日消息，快手今日发布公告，公司将于2022年11月22日（星期二）举行董事会会议，藉以考虑及批准（其中包括）集团截至2022年9月30日止三个月及九个月之未经审核综合第三季度业绩。财报显示，今年第二季度快手总收入达217亿元，同比增长13.4%，主要是由于直播及电商业务的增长；毛利98亿元，同比增长16.5%；经营亏损31亿元，期内亏损32亿元，经营利润率为负14.1%。今年上半年，快手收入达428亿元，同比增长18.3%；毛利186亿元，同比增长20.7%；经营亏损87亿元，期内亏损94亿元。（快手官方）

Cross-border information

8. Lazada Southeast Asia Double 11 will start five-day LazLive+ Shopping Carnival

Data shows that from January to July this year, the number of active sellers on the Lazada platform increased by 68%, successfully exceeding the 1 million mark. The survey shows that 94% of Southeast Asian shoppers directly use platform search and other functions to explore and discover products on the Lazada platform. (Lazada Southeast Asian e-commerce)

9. Cross-border e-commerce 9710 is launched

According to reports, the full name of "9710" is cross-border e-commerce enterprises to directly export goods to enterprises, and is suitable for goods directly exported by cross-border e-commerce B2B. The national "9710" model will take effect from July 1, 2020. The "9710" model goods are suitable for national customs clearance integration, and cross-border e-commerce models can also be used for transfer and inspection will be given priority. (Released in Kunming)

10. DHL Express announces annual price adjustment in the United States to increase average freight rates by 7.9%

On November 10, DHL's official website recently announced that the general average freight rate for US account holders will be increased by 7.9% from January 1, 2023. Meanwhile, a limited number of optional services and surcharges will also be adjusted, when it will release its 2023 rate guide. DHLEXpress said it adjusts prices every year, while taking into account inflation and monetary dynamics and administrative costs associated with regulatory and security measures, countries and international authorities in more than 220 countries and regions of DHL Express service are updated regularly. (DHL official)