#Laogao E-commerce Newsletter# [November 17 E-commerce Morning News]

Morning News: Taobao Live Double 11 list released the transaction volume of new anchors increased by 345% year-on-year; Tencent responded to reducing its holdings in JD.com and Meituan: Maximize investors' interests; Douyin life service merchant platform "Douyin Comes" upgraded to add new promotion channels; AliExpress released the list of the top ten hot-selling products in the world on Double 11; Meituan Liu Chi-ping resigned as non-executive director...

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E-commerce newsletter

1. Taobao Live Double 11 list released new anchor transaction volume increased by 345% year-on-year

Data shows that during Double 11, Taobao’s live broadcast transaction volume exceeded 100 million and 632 live broadcast rooms with a transaction volume of over 10 million yuan; the transaction volume of new anchors increased by 345% year-on-year. With the help of Double 11, many brands and potential merchants have achieved growth in their respective industries. "Double 11 Taobao Live Rising Stars List" shows that Luo Yonghao, Yaowang Mengshou and Vivi Feiyoukakak account for the top three Rising Stars List. "Double 11 Taobao Live Institution Comprehensive Strength List" shows that Meiwa, Baihan Culture, and Hangzhou Baijun are in the top 3 list. According to statistics, in the first two months of Tmall Double 11 approaching, more than 100 live broadcast institutions have settled in Taobao. (Taobao Live)

2. Douyin life service merchant platform "Douyin Recruitment" upgrades and adds a new promotion channel

On November 16, Douyin’s local life merchant service management platform "Douyin Reike" was newly upgraded. Douyin Guest is a long-term business position for merchants, and it aggregates business data, to-do items and marketing and promotion needs of merchants. After this revision, Douyin Laike will provide a lighter unified framework, focus more on content marketing, pay attention to the business behavior of the merchant's core roles, be compatible with the differentiation of industry transaction performance scenarios, and ensure the efficiency of the framework to serve different business goals and usage scenarios. (Tik Tok Life Service Business Observation)

3. Tmall adjusts the "door delivery" service specifications

On November 16, Tmall platform released a public notice on the changes to the "Tmall "Door Delivery" Service Specifications". The announcement stated that in order to further improve the service experience of Tmall’s door-to-door delivery, Tmall plans to adjust the relevant content of the "Tmall "Door Delivery" Service Standards". The change will be announced on November 16, 2022 and will officially take effect on November 22, 2022. (Tmall platform rules)

4. During Double 11, more than 40 million idle items participated in circulation in Xianyu.

On November 16, on the eve of "Double 11", Xianyu announced the launch of the "Super Distribution Machine" activity and launched "Low Carbon Double 11". According to Xianyu Carbon Reduction Report, during Double 11, more than 40 million idle items were hung on "Xianyu" to participate in circulation. The amount of carbon reduction generated by these idle circulation is equivalent to the carbon emissions of street light lighting in Shanghai for one month. Specifically, in the recycling field, mobile phones and old clothes account for a large share. When buying a new mobile phone, replacing the old one in advance has become a "low-carbon tacit understanding" among many young people, and "Xianyu" has therefore become an important part of the low-carbon cycle contribution of e-commerce platforms. (Official Weibo of Consumer Daily)

Internet news

5. Best's Q3 revenue increased by 2.03 billion yuan month-on-month

On November 17, Best Group released its unaudited performance report for the third quarter of 2022. The group's Q3 revenue was 2.03 billion yuan, a month-on-month increase of 5.1%, compared with 2.82 billion yuan in the same period last year. The decline in revenue is mainly due to the reduction of the premium business line and the reduction in global parcel volume. The net loss of continued operations under non-GAAP was RMB 360 million, compared with RMB 220 million in the same period last year. The group's net cash was RMB 1.1 billion As of the end of the third quarter, the group's cash and other prices, restricted cash and short-term investments were RMB 3.3 billion. At the end of September, the group repurchased its convertible bonds issued in 2019, with the total principal of the repurchased bonds being approximately RMB 747 million. (Official)

6. Tencent responded to reducing its holdings in JD.com and Meituan: Maximize investors' interests

Tencent executives revealed that the internal rate of return on investment in Meituan reached 30%. This afternoon, Tencent Holdings issued an announcement stating that the board of directors will declare a special interim dividend of approximately 958 million Meituan Class B common shares held by the Company on the basis of the issuance of 1 Meituan Class B common shares held by the company on a physical basis based on the basis of the issuance of 1 Meituan Class B common shares held by the company. At the closing price of HK$166.4 per share on November 15, the total market value of Meituan shares to be distributed is approximately HK$159.4 billion. As of Meituan’s interim report, Tencent holds a total of 1.055 billion shares of Meituan, and after this distribution, Tencent will hold less than 100 million shares. (Science and Technology Innovation Board Daily)

7. Lu Zhengyao "Kudi Coffee" set up a supply chain company in Hainan

11月16日消息，天眼查信息显示，库迪供应链管理 有限公司近日成立，注册资本3亿人民币，法定代表人为钱治亚，经营范围包括食品销售；食品互联网销售；城市配送运输服务；供应链管理服务；餐饮管理；企业管理；采购代理服务；国内贸易代理；国内货物运输代理；社会经济咨询服务；咨询策划服务等。股权穿透图显示，该公司由库迪咖啡（北京）有限公司全资持股，后者由庫迪咖啡有限公司全资持股。（天眼查）

8. Meituan Liu Chi-ping resigned as non-executive director

On November 16, Meituan issued an announcement today stating that the company announced today that due to the proposed changes in Tencent Holdings Co., Ltd.'s shareholding in the company, Liu Chi-ping has resigned as a non-executive director and will take effect immediately. According to reports, Liu Chiping has served as a member of the Meituan Board of Directors since October 2017. The announcement stated that the company is aware that Tencent currently holds approximately 17.0% of the company's issued shares through several entities, and announced that it will allocate approximately 958,121,562 Meituan Class B common shares to its shareholders. After the distribution is completed, Tencent shareholders who obtain the shares of the Company in this distribution will become shareholders of the Company. (Meituan official)

Cross-border information

9. Middle East e-commerce ChicPoint joins Huawei to achieve monthly revenue growth of 40%

On November 16, ChicPoint, the leading e-commerce platform for Saudi Arabia, joined hands with Huawei to promote online through the HUAWEI Ads application in the application market during this year's Black Friday event, covering Huawei users in Saudi Arabia, the UAE and Kuwait. Chicpoint has topped the top list of Saudi Arabia shopping apps. Data shows that through cooperation with Huawei, ChicPoint's download volume has increased, monthly revenue has increased by 40%, and operating costs have been reduced by $1. (Middle East Cross-border E-commerce Exchange)

10. AliExpress releases the top ten hot-selling products in the world on Double 11

On November 16, Double 11 ended. AliExpress recently released the list of the top ten hot-selling products in the world for Double 11 in 2022 and made a reason analysis. It is understood that this year's Double 11 coincides with the eve of the World Cup, and the World Cup economy has become the most prominent track in Double 11. In this Double 11, not only did the projectors sell well, but Chinese-made uniforms and football shoes are popular in Brazil. Brazilian football uniforms rose by 557% year-on-year. Among them, football shoes and clothing merchant Carlme benefited from thematic events such as the World Cup, which increased by 6.6 times compared with daily life. (Alibaba AliExpress)