#Laogao E-commerce Newsletter#[November 16 E-commerce Evening News]

Evening News: Dong Mingzhu’s self-media affiliated company Zhuhai Hima Mingzhu New Media Company was cancelled; 2022 Hurun Charity List: Liu Qiangdong became China’s first charity for the first time with a donation of 14.9 billion yuan; Taote launched the “WeChat” and “Xindong Search” intelligent search interactive experience products; New Oriental’s new live broadcast middle-end system software was approved; the online retail sales in Shanxi Province reached 2.66 billion yuan on Double 11...

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E-commerce newsletter

1. Taote launched the "WeChat Store" and "Xindong Search" intelligent search interactive experience products



On November 16, Taote announced today that it will launch two smart search interactive experience products: Taote "WeChat Store" and "Xindong Search". According to reports, these two new experience functions developed based on Taote search logic have completed national patent applications. Taote’s “WeChat Store” is a dual container that innovates for both consumers and merchants in the Taote terminal, helping consumers quickly switch and accurately find the target products they want. (E-commerce News)

2. Alibaba Group and Shiseido China reach strategic cooperation

On November 16, Shiseido China recently announced a strategic cooperation with Alibaba Group. In order to meet the consumer demand for low-carbon preferences and support the green growth of brands, Alibaba Group also stated that it will jointly launch the "88 Carbon Reduction Day" with multi-brand groups to call on more consumers to participate in the green action of carbon reduction at will. From November 15th to 24th, Alibaba will jointly launch the "88 Carbon Reduction Day, Replacement Theme Day" event with Shiseido. The event is themed "Where raising hands, there is a "bottle" replacement" and will be displayed online in the 88 Carbon Account Brand Windows Zone and the Exchange Center. (Alibaba's global growth system)

3. The online retail sales in Shanxi Province reached 2.66 billion yuan on Double 11

Market monitoring data shows that during the event, Shanxi Province's online retail sales reached 2.66 billion yuan, a year-on-year increase of 10.2%. Computer products, snack foods and alcohol have performed outstandingly, accounting for 18.3%, 11.7% and 9.2% of the online retail sales of physical goods in the province, respectively. From the perspective of brand effect, local brands such as Fenjiu, Haiyu, Boniu, Qinzhou Huang, and Ninghuafu in the province have good sales on Tmall. (Shanxi News Network)

4. Cainiao Double 11 express packaging recycling volume will reach 6 million units and increase by 50% year-on-year

On November 16, Cainiao recently released the "Tmall Double 11 Green Logistics Report". As of the 14th, the number of consumers participating in Tmall Double 11 green logistics increased by 5% year-on-year, and the number of express delivery workers increased by 30% year-on-year. At the same time, the number of express packaging recycling for the entire Double 11 cycle will also reach 6 million, a year-on-year increase of 50%. It is understood that this year Cainiao has invested heavily in technology to reduce carbon carbon, and the 25% carbon reduction is thus derived. A total of more than 700 electric unmanned vehicles have been driven into more than 400 universities, using the world's largest commercial electric unmanned vehicle distribution team to achieve carbon reduction in distribution. In addition, relying on the "seven-piece set" of Cainiao's green supply chain, including electronic noodle sheets, packing algorithms, etc., Cainiao continues to slim the package to reduce carbon weight, reducing the use of packaging materials for each package on average by 15%. During Double 11, more than 150,000 products achieved full-link carbon reduction through Cainiao's green supply chain. (Yibang Power)

Internet news

5. 2022 Hurun Charity List: Liu Qiangdong became China's first charity for the first time with a donation of 14.9 billion yuan

On November 16, Hurun Research Institute released the "2022 Hurun Charity List" today, which counts cash and equity donations from April 1, 2021 to August 31, 2022, as well as legally committed donations. This year is also the 19th consecutive year that Hurun Research Institute has released the "Hurun Charity List". The number of "billion-level philanthropists" in China increased by 10 to 49, a record high. The top ten philanthropists on the list all ranked in the Hurun Rich List this year, with donations accounting for 6.3% of their total wealth. (Hurun Baifu)

6. Tencent: 958 million Meituan shares will be declared as special dividends

The 958,121,562 Meituan Class B common shares to be distributed are equivalent to approximately 90.9% of Meituan Class B common shares held by the Group and approximately 15.5% of Meituan’s total issued shares as of October 31, 2022. The Group currently records that these shares are investments in the associates. Based on the closing price of Meituan Class B common stocks sold on the Stock Exchange on November 15, 2022, the total market value of Meituan shares is approximately HK$159.4 billion. (Tencent official)

7. Worth buying to establish a network technology company with a registered capital of 10 million yuan

According to news on November 16, Tianyan Check information shows that Shanghai Risheng Xingluo Network Technology Co., Ltd. was established on November 15 with a registered capital of RMB 10 million. The legal representative is Xue Yuan. The business scope includes: software development; information system integration services; data processing and storage support services; information consulting services; technical services, technology development, technical consultation, technical exchanges, etc. The equity penetration chart shows that the company is jointly owned by Beijing Weimai Technology Co., Ltd. and Tianjin Guomai Chuangde Enterprise Management Center. (Tianyan Check)

8. Dong Mingzhu’s self-media affiliated company Zhuhai Hima Mingzhu New Media Company cancelled

On November 16, Zhuhai Hima Mingzhu New Media Co., Ltd., an affiliated company of the account of "Dong Mingzhu Self-Media" was recently cancelled, and the reason for the cancellation was the resolution to dissolve it. According to information, the company was established in October 2015. The legal representative is Zhao Hui, with a registered capital of RMB 2 million. The business scope includes: enterprise management consulting, enterprise planning, marketing planning, etc. The equity penetration chart shows that the company is jointly held by Dong Mingzhu, Zhao Hui and Cai Weijie. (Tianyan Check)

9. New Oriental New Live Middle Station System Software has been approved

According to the news on November 16, Tianyancha App, the copyright of the "New Live Middle Station System" software of Beijing New Oriental Xuncheng Network Technology Co., Ltd. has recently been registered and approved, with the version number V1.0. The company was established on March 11, 2005 with a registered capital of RMB 157.897584 million. The legal representative is Sun Dongxu. The business scope includes: business scope technology development, technology transfer, technical consultation, technical services; software development; education consulting; corporate management; sales of electronic products, self-developed products, clothing, musical instruments, cultural supplies, sports products, etc. (E-commerce News)

Cross-border newsletter

10. Tmall International Global Live Broadcast Alliance officially launched its first stop in Tokyo, Japan

On October 16, Tmall International Global Live Broadcast Alliance officially launched today, with its first stop in Tokyo, Japan. According to reports, during this year's Tmall Double 11, Japanese brands were the most popular among Tmall international consumers, and the country ranked first in sales of imported goods. Among them, Japanese whiskey, game consoles, vinyl records, home aromatherapy, ski camping and other outdoor products have the strongest demand. (Tianxia Online Business)