#Laogao E-commerce Newsletter# [November 23 E-commerce Morning News]

Morning News: Kuaishou CEO Cheng Yixiao: In the future, his main energy is on e-commerce business; Guangzhou’s express business volume in the first 10 months of this year has reached 8.564 billion pieces in the same city express business volume reached 1.252 billion pieces; the 1688 platform will manage problematic merchants in the office, culture and toy industries; Vipshop’s Q3 financial report: SVIP active users contribute 40% to the online net GMV; eBay reminds: The Royal Mail strike plan of the UK is updated, sellers need to pay attention to the final delivery...

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E-commerce newsletter

1. Kuaishou CEO Cheng Yixiao: His main focus is on e-commerce business in the future

On November 23, during the Kuaishou's financial report conference call, Kuaishou co-founder, executive director and CEO Cheng Yixiao said that the e-commerce business is one of the important engines of the company's future growth and the center of the entire Kuaishou business ecosystem. Cheng Yixiao said that in the future, his main time and energy will be focused on e-commerce business. Kuaishou's Q3 financial report in 2022 showed that Kuaishou's total revenue increased by 12.9% year-on-year to 23.1 billion yuan in the quarter. Among them, Kuaishou's online marketing services (i.e. advertising), live broadcasts and other services (including e-commerce) contributed 50.1%, 38.7% and 11.2% respectively. (Pengpai News)

2. The 1688 platform will manage business issues in office, culture and toy industries.

On November 22, the 1688 platform released the 1688 office, cultural and toy industries service experience governance rules today. The announcement shows that merchant platforms with high orders for refunds for small goods, high quality experience of new lighthouses, high quality refund rate, and high order volume of buyers complaining about orders will be punished in accordance with the corresponding rules. Compared with merchants that meet the requirements in search and recommendation, traffic reduction will occur, and they will not be able to register for some marketing activities on the platform. (Alibaba)

3. Yunnan SF Express’s “10 Cities and Ten Thousand Stores” plan has been basically reached

On November 22, SF Express has been deeply engaged in express delivery in various tourist areas in Yunnan Province for many years. In combination with on-site visits and investigations, it has been targeted at the top ten tourist cities of Kunming, Dali, Lijiang, Xishuangbanna, Shangri-La, Jianshui, Maitreya, Tengchong, Chuxiong and Yuxi starting from July 2022, and launched the "Ten Cities and Ten Thousand Stores" plan to focus on major scenarios such as scenic spots, transportation hubs, hotels, etc., and widely carry out cross-industry cooperation by investing in SF Express's urban stations, agency points and other terminal resources. As of November 2022, Yunnan SF Express’s goal of “10 Cities and 10,000 Stores” has been basically achieved, injecting new impetus into driving the local tourism economy. (China Post Express)

Internet news

4. Guangzhou’s express delivery business volume in the first 10 months of this year reached 8.564 billion pieces in the same city express delivery business volume reached 1.252 billion pieces.

On November 22, the Guangzhou Postal Administration today announced the operation of the postal industry in October 2022. Among them, in October, the postal industry in Guangzhou completed 897 million pieces, a year-on-year decrease of 16.80%; the express delivery business volume reached 867 million pieces, a year-on-year decrease of 17.19%; the postal delivery service business volume reached 30 million pieces, a year-on-year decrease of 3.49%. In terms of business volume and business revenue share, from January to October, Guangzhou's express delivery business volume in the same city, off-site, international/Hong Kong, Macao and Taiwan accounted for 14.62%, 84.49% and 0.89% of the total express delivery business volume respectively; business revenue accounted for 7.80%, 60.61% and 17.24% of the total express delivery income respectively. (E-commerce News)

5. Vipshop Q3 financial report: SVIP active users contribute 40% to online net GMV

11月22日消息，唯品会发布2022年第三季度财报。根据此前发布的股票回购计划，本季度，唯品会已回购2.576亿美元的美国存托股票。唯品会董事长兼CEO沈亚表示，“三季度，公司用户趋势逐月改善。在适应外部变化的同时，公司积极推进多项举措来增强平台整体实力。长远来看，我们对高质量、可持续增长的前景充满信心。”唯品会定制款商品数量及整体销售额均较上一季度增长近90%，斯凯奇、巴拉巴拉等品牌定制款商品销售额同比增幅超过100%。（鞭牛士）

6. Yixian E-commerce's revenue in the third quarter of this year was 858 million yuan and a net loss of 211 million yuan.

According to the financial report, Yixian E-commerce's total net income in the third quarter was RMB 857.9 million, a year-on-year decrease of 36.1%. Among them, the total net income of skin care brands increased to RMB 269.4 million, a year-on-year increase of 33%; as a percentage of total net income, the total net income from skin care brands increased to 31.4% in the third quarter of 2022 from 15.1% in the same period last year. During the reporting period, the company's net loss reached RMB 210.7 million, a year-on-year decrease of 41.7%; the non-GAAP net loss fell to RMB 126.5 million, a year-on-year decrease of 41.5%. (Yixian E-commerce)

7. T11 Fresh Food Cooperation with Zhejiang Wankelong to create a fresh food supermarket

On November 22, it is reported that T11 Fresh Supermarket, a representative brand of smart new retail, and Zhejiang Wankelong, a top 100 supermarkets in China, reached a strategic cooperation to jointly create the "T11·Wankeyuan Fresh Supermarket". The first store will be officially unveiled in Jinhua, Zhejiang in December 2022. It is understood that in this cooperation, T11 and Zhejiang Wankelong will carry out in-depth cooperation in terms of brand collaboration, store planning and design, supply chain collaboration, technology application, system empowerment and online malls. (Sina.com)

8. JD New Department Store launched a special home storage session

During the event, JD.com New Department Store brought a lot of storage products such as storage cabinets, shoe boxes and cardboard boxes that are suitable for living room scenes. Among them, Haixing has no installation foldable storage cabinet, which adopts a transparent, visible, foldable, and installation-free design, and can be freely and flexibly combined. It is worth mentioning that 10 minutes before JD.com’s Double 11 started well, the transaction volume of Haixing Storage Cabinet increased by more than 10 times year-on-year. (E-commerce News)

Cross-border information

9. eBay reminds: Royal Mail strike plan is updated, sellers need to pay attention to the final delivery

According to November 22, Royal Mail has now confirmed the strikes on November 24, 25, 30 and December 1, when some tail-delivery delivery services may be delayed. eBay hereby reminds sellers: pay attention to the strike time of Royal Mail in the UK in a timely manner, and replace the tail delivery service provider in time if necessary, and communicate with buyers to reduce the impact of delivery delays on the business. During the Royal Mail strike, postal delivery services are expected to be greatly affected. eBay recommends sellers to upgrade SpeedPAK tail delivery services or replace current tail delivery channels. (eBay)

10. Amazon.com's promotion will start on November 26

According to November 22, Amazon's Cyber ​​Monday promotion will start this year from 12:01 am on Saturday, November 26, and will last until 11:59 pm on Monday, November 28. In addition, Amazon will launch early promotions before Black Friday and Net1 events. Specifically, both Prime and non-Prime members will receive $100 worth of Amazon.com gift cards immediately after they are approved by the Amazon Store Card. (E-commerce News)