#Laogao E-commerce Newsletter# [November 15 E-commerce Morning News]

Morning News: Amazon will start the Black Friday promotion on November 24; the total transaction volume during JD Auction during November 11, 2021 increased by 40% year-on-year; JD Group and JD Logistics will release their third quarter financial reports for 2022 on November 18; Vipshop plans to release its third quarter financial results for 2022 on November 22; Lazada releases its final report on Double 11; Sterling Silver Earrings single product flash purchase orders exceeding 32,000 pieces per day...

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

E-commerce newsletter

1. Debang Double 11 single-day collection of up to 61,000 tons per day exceeded 32,000 tons

On November 15, the Double 11 shopping carnival has ushered in its final stage, and major express delivery companies have recently released battle reports during the big promotion period. Among them, Debang, data shows that during Double 11, Debang Express collected more than 61,000 tons per day, the peak daily operation volume of the transfer yard exceeded 210,000 tons, and the average daily delivery volume exceeded 32,000 tons. Each Debang Express delivery guy delivered nearly 500kg per day. According to feedback from market customers, compared with previous years, Debang Express's service this year has shown the characteristics of faster and more considerate. It is worth noting that this year, Debang Express continues to cooperate with e-commerce platforms to promote the "pre-sale fast delivery" business. (Yibao.com)

2. The total transaction volume increased by 40% year-on-year during the 11.11 period of JD Auction

Guangdong, Liaoning, Beijing, Hebei and Sichuan have become the top 5 provinces for residential housing transactions. During JD.com's auction, multiple equity categories achieved activation and value conversion through auctions. The total transaction volume of equity targets increased by 6.5 times year-on-year, the total transaction volume of intellectual property rights increased by 321% year-on-year, the total transaction volume of debt rights increased by 194% year-on-year, and the total transaction volume of machinery and equipment increased by 147% year-on-year. During JD Auction 11.11, the asset disposal and auction business was active, and the total asset disposal transaction volume increased by 40% year-on-year. From the perspective of sub-regions, the popular target categories of transactions have their own characteristics. (China.com Technology)

3. JD.com Group and JD.com Logistics will release their third quarter financial report for 2022 on November 18

On November 14, JD.com recently issued an announcement stating that the board of directors will hold a meeting on November 17, 2022 to approve related matters, including the approval of unaudited quarterly results and announcements for the three months ended September 30, 2022. The company will upload the third quarter results announcement for 2022 to the Hong Kong Stock Exchange after trading hours on the Hong Kong Stock Exchange on Friday, November 18, 2022 and before the opening of the US market. JD Logistics Management will hold a conference call at 7:00 pm on Friday, November 18, 2022 to discuss the third quarter results of the Company and its subsidiaries for the three months ended September 30, 2022. (JD Group)

4. Fujian Province's online retail sales during Double 11 were 53.84 billion yuan

On November 14, the official Weibo account of Fujian Provincial Department of Commerce recently released the Fujian e-commerce Double Eleven data report. According to preliminary statistics from Inspur Big Data, the national online retail sales of the "Double Eleven Online Shopping Festival" in 2022 reached 1176.73 billion yuan, an increase of 11.8% year-on-year. Fujian Province achieved online retail sales of 53.84 billion yuan, a year-on-year increase of 16.2%, 4.4 percentage points higher than the national average. The battle report shows that from the perspective of prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-prefecture-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province-to-province- (FM1036 Fujian News Broadcast)

Internet news

5. Vipshop plans to release its third quarter financial results for 2022 on November 22

On November 14, brand online discount retailer Vipshop recently announced that it plans to release its third-quarter 2022 financial results before the opening of the US market on November 22, 2022. The company will hold a conference call on Tuesday, November 22, 2022 at 7:30 a.m. ET to discuss financial results. For the third quarter of 2022, the company had previously expected its total net income to be between RMB 21.2 billion and RMB 22.4 billion, down about 15% to 10% year-on-year. (Vippshop)

6. In the first three quarters, Youzan's SaaS product GMV of stores increased by more than 60% year-on-year.

On November 14, China Youzan released its performance report for the first three quarters of 2022. The financial report showed that China Youzan's GMV in the first three quarters reached 74.1 billion yuan, a year-on-year increase of 3.2%, and non-Quickwork channels GMV increased by 23.9% year-on-year; in the third quarter, Youzan's GMV was about 26.2 billion yuan, a year-on-year increase of 10.5%. In the first three quarters, the GMV of SaaS products in Youzan Store was about 31.2 billion yuan, an increase of more than 60% year-on-year, accounting for about 42%. There are 89,178 paid merchants in stock, of which about 39% of them subscribe to SaaS products in stores. (Youzan official)

Cross-border information

7. TikTok's advertising revenue forecast has been lowered to $10 billion this year

On November 14, employees attending an online meeting held by TikTok in recent weeks revealed that TikTok CEO Zhou Shouzi told employees at the meeting that the company has lowered its advertising revenue target this year from at least US$12 billion (about RMB 85.44 billion) to US$10 billion (about RMB 71.2 billion). (Yahui.com)

8. Beijing Customs: Nearly 70,000 tickets are available for cross-border e-commerce import list on the first day of Double 11

According to corporate statistics, from October 31 to November 9, Beijing Customs inspected and released 303,600 cross-border e-commerce retail import list, an increase of 80.66% year-on-year; the amount was 118 million yuan, an increase of 28.99% year-on-year. Previously, the Capital Airport Airside Economic Zone was approved to become Beijing's first national import trade promotion innovation demonstration zone. With the policy advantages of "Pilot for cross-border e-commerce sales of pharmaceutical products" and "Pilot for the connection between duty-free, bonded, and cross-border e-commerce policies", the Tianzhu Comprehensive Bonded Zone, located in the district, has become the "main battlefield" for cross-border e-commerce retail imported goods at Beijing port during this year's "Double Eleven" period. (Beijing Customs)

9. Amazon will launch Black Friday promotion on November 24

According to news on November 14, Amazon announced that this year's "Black Friday" will start on November 24 for a period of 48 hours. There will be millions of deals at different prices around the world, and consumers will be able to get discounts on essential items in various categories including toys, electronics, fashion, beauty and Amazon devices. Meanwhile, from this Black Friday to Cyber ​​Monday, Amazon customers will be able to get lightning deals and promotional credit offers by purchasing gift cards from brands like Nordstrom and Uber. With eligible purchases, customers will receive 20% instant savings or up to $15 in Amazon promotion points. (E-commerce News)

10. Lazada releases the final report of Double 11, sterling silver earrings single product, single daily flash purchase orders exceed 32,000 pieces

On November 15, the Double 11 promotion ended. Southeast Asian e-commerce platform Lazada released the final report of Double 11, analyzing market sales trends, summarizing experience and devoted himself to preparing for the Lazada 12.12 promotion at the end of 2022 next month. Specifically, data shows that during Double 11, Lazada's fashion industry conquered the trendy public with its style. Among the products with double 11-10 products with double 11-1 exceeding the average unit price of 2 times + in Thailand, 8 became styled women's clothing, and 9 of the top 10 stores in Vietnam, which became styled stores, ranking on the top 20 sales of women's clothing in Malaysia. The order volume of Double 11 increased by more than 10 times compared with daily life. (Lazada Southeast Asian e-commerce)