#Laogao E-commerce Newsletter#[November 28 E-commerce Evening News]

Evening information: Jia Yueting was applied for restriction of consumption by many securities companies; Douyin plans to revise the "Fake One Compensation Four" Service Specifications" to be applicable to all merchants; Kuaishou Finance's interest user scale reached 410 million; Liu Qiangdong withdrew from the ranks of shareholders of Beijing Jiasheng Investment Management Co., Ltd.; JD Technology's subsidiary company applied to freeze 5.34 million yuan in deposits of Beijing Seku Trading...

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E-commerce newsletter

1. The scale of Kuaishou Finance's interest users reached 410 million

On November 28, the "2022 Kuaishou Finance and Technology Annual Summit" organized by Kuaishou Finance and Technology was held recently. It was proposed at the meeting that in September this year, the number of Kuaishou Finance's interest users reached 410 million, an increase of 19.5% year-on-year; the number of Kuaishou Technology's interest users reached 480 million, an increase of 16.5% year-on-year. In terms of consumer demand, from October 2021 to September 2022, the number of searches related to Kuaishou Finance and Technology content reached 3.5 billion times. From January to September 2022, the cumulative number of views of Kuaishou's financial and technology videos increased by 28.3% and 85.4% year-on-year respectively. In terms of monetization, in September 2022 alone, Kuaishou Finance Technology creators had revenue of over 100 million yuan, an increase of 26.9% year-on-year. (Look at the news Knews)

2. Douyin plans to revise the "Fake One Compensation Four" Service Specifications" to apply to all merchants

On November 28, Douyin E-commerce issued a notice to collect opinions on revising the "Fake One Compensation Four" Service Standards", and the collection period is from November 28, 2022 to December 5, 2022. (Webmaster's Home)

3. JD.com adds a new 3C digital accessories quality alliance

On November 28, the 2022 (Winter) Asian Outdoor Power Supply Conference, co-organized by China Electronics Technology Standardization Research Institute, JD.com, and Charging Head Network, was recently held in Shenzhen.

As one of the organizers of the event, JD.com and China Electronics Technology Standardization Research Institute jointly launched the Accessories Quality Alliance.

It is understood that the cooperation means that JD.com will send live goods for inspection, and products that pass the relevant inspection will be marked and certified on the JD APP product page. Users can purchase them by identifying the "quality certification" label to reduce the decision-making cost of users in the process of purchasing live goods.

In addition, the 3C Digital Accessories Quality Alliance special event has been launched on the JD APP.

The first batch of eight major accessories brands that participated in the certification, including Bes, Anker, Pinsheng, Romes, Dianxiao, Zhenghao, Green League, and Xiaomi, have also joined. (E-commerce News)

4. TikTok's potential small and medium-sized merchants' double 11 payment GMV increased by 14.24%

According to November 28, Douyin e-commerce recently announced the battle report of small and medium-sized businesses with the potential of Double 11. During Double 11, the GMV of potential small and medium-sized merchants increased by 14.24%, and sales on Double 11 hit a single-day high during the event, while new customers in the mall increased by 308% compared with 921.

Douyin said that the role of small and medium-sized merchants on the platform is becoming increasingly important, and more and more small and medium-sized merchants have leveraged their advantages of "flexible size" and have ushered in broader development opportunities in Douyin e-commerce. After the Double 11 promotion period, the growth rules of hot products, shelf scenes and content markets developed by small and medium-sized merchants will further continue to the daily operation stage, bringing longer-term boost to business transformation. Douyin e-commerce will continue to leverage the advantages of global interest e-commerce, stimulate user interest with experts and high-quality content, and provide sufficient "growth engine" for small and medium-sized merchants to operate all scenarios. (Webmaster's Home)

Internet news

5. Jia Yueting was applied for by many securities companies to restrict consumption

According to the news on November 28, Tianyancha App, Jia Yueting recently added three new consumption restrictions information, with applicants being Oriental Securities Co., Ltd., Ping An Bank Co., Ltd. Beijing Branch, and Huafu Securities Co., Ltd. According to the information related to the person subject to execution of the case number, Jia Yueting had been resumed for a total of more than 2 billion yuan. At present, Jia Yueting has related to multiple information about the person subject to execution, consumption restriction orders and the final case, including Western Securities Co., Ltd., Guotai Junan Securities Co., Ltd. and other securities companies have applied to take measures to restrict consumption. (Tianyan Check)

6. JD Technology's subsidiary company applies to freeze 5.34 million yuan in deposits in Beijing Seku Trading

The document shows that the applicant Shanghai Hefeng Yongxun Financial Information Service Co., Ltd. requested to seal and freeze the bank deposits of more than 5.34 million yuan for the respondents Yichun Baiyue E-Commerce Co., Ltd. and Beijing Siku Trading Co., Ltd. After review, the court held that the application complies with the law and ruled to be executed. Tianyan Check shows that the suspected actual controller of Yichun Baiyue E-Commerce Co., Ltd. is Zhang Jianhui, who has served as the legal representative, shareholder or senior executive in several Siku companies. (Tianyan Check)

7. Liu Qiangdong withdrew from the shareholders of Beijing Jiasheng Investment Management Co., Ltd.

According to the news on November 28, Tianyancha App showed that recently, Beijing Jiasheng Investment Management Co., Ltd. had an industrial and commercial change, and the original shareholder Liu Qiangdong withdrew, adding JD Group Vice President Miao Qin as a shareholder. Currently, the company is owned by Miao Qin, Li Yayun and Zhang Yun, 45%, 30%, and 25% of the shares respectively. Recently, Liu Qiangdong has transferred shares of several companies in succession, including Beijing Jingpaitong E-Commerce Co., Ltd., Xi'an Jingdong Xincheng Information Technology Co., Ltd., Beijing Jingdong Sanbai Lushidu E-Commerce Co., Ltd., Jiangsu Jingdong Bangneng Investment Management Co., Ltd., Shanghai Jingdong Caiao E-Commerce Co., Ltd., etc. (Tianyan Check)

Cross-border newsletter

8. US Black Friday sales hit a new high Apple phone shortage intensifies

According to data and analysis department Adobe Analytics data shows that during the "Black Friday" shopping festival in the United States this year, American consumers' online shopping spending reached a record $9.12 billion, a year-on-year increase of 2.3%.

It is reported that this year's "Black Friday", electronic products are the main contributors to online sales, but Apple cannot make its mark. TechWeb)

9. Wanlihui officially launched Lazada local store Thailand station collection products

On November 28, Wanlihui announced that it has recently cooperated with licensed payment institutions to officially launch the Lazada local store-Thailand station collection product. Lazada local store Thailand station has now supported payment collection to Alipay. It is understood that in September this year, Wanlihui launched Lazada local store Philippines and Malaysia site collection solutions to help local store sellers settle foreign exchanges in a convenient and compliant manner. Up to now, Lazada's local store collection business has covered three major sites in Malaysia, the Philippines and Thailand, helping Chinese sellers expand their Southeast Asian business. (E-commerce News)

10. Walmart China President Zhu Xiaojing CCFA speech: Create certainty in uncertainty

On November 28, the "CCFA New Consumption Forum - 2022 China Retail Leaders Summit" organized by the China Chain Management Association was held today in Suzhou City, Jiangsu Province. Zhu Xiaojing, President and CEO of Walmart China and Vice President of the China Chain Management Association, attended the meeting and delivered a keynote speech entitled "Time-travel Cycle: Creating Confirmation in Uncertainty." She said there are also huge opportunities for the downward and slowing markets. In the economic downturn cycle, consumer behavior and psychological changes are changing. It is precisely such large turmoil and changes that have created space for innovation and created opportunities for enterprises to overtake and accelerate development. (Walmart China)