Morning News: Pinduoduo's third-quarter revenue increased by 35.5 billion yuan year-on-year by 65%; Shopify's global sales this year reached US$3.36 billion; Taobao search bar grayscale tests the "Taobao Hot Trend" function; Douyin's company's business scope has added new pharmaceutical Internet information services; Beijing: Ensure that supermarkets and e-commerce platforms forward warehouses should be opened as much as possible and goods are sufficient...
Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.
E-commerce newsletter
1. Beijing: Ensure that the forward warehouses of supermarkets and e-commerce platforms should be opened as much as possible and the goods are sufficient
On November 29, at the Beijing COVID-19 epidemic prevention and control press conference on November 28, Guo Wenjie, head of the Material Guarantee and Price Guarantee Group of the Beijing COVID-19 Epidemic Prevention and Control Leading Group and deputy director of the Beijing Municipal Bureau of Commerce, introduced that the city's online platform currently has sufficient goods and stable prices. As the number of people staying at home continues to increase, the online demand for daily necessities for Beijing residents continues to grow. Judging from daily orders, the average daily order of 3 million orders increased by about 10 to 20% compared with the average daily order before the epidemic. In response to this, Beijing has taken a variety of measures: first, ensure that the forward warehouses of supermarket stores and e-commerce platforms should be opened as much as possible and the goods are sufficient. (Sina Finance)
2. Most popular Chinese stocks closed on Monday and rose by more than 12%.
According to news on November 29, most popular Chinese stocks closed up on Monday. At the same time, Secoo fell by more than 15%, Yunji, Nova Furniture, and Jinyang Education fell by more than 13%, Yingxi Group fell by more than 10%, Jiuzi New Energy, Youxin, and Quhuo fell by more than 9%, Medical Beauty International, Luokuang Technology, Jianzhi Education, Canaan Technology, Zhihu, etc. fell by more than 8%, Liandai Technology, Tuanche, Yuhui Sunshine, Yihang, etc. fell by more than 7%, Hongen fell by more than 6%, Jinko Energy, Qutoutiao, Yueshang Group, No. 9 City, Yangang Pearl, Kingsoft Cloud, Zhifu Financing, Huami, Green Hotel, Qilian International, Century Internet, Mogujie, Youkelian, etc. fell by more than 5%. (Global Market Report)
3. The “Taobao Hot Trend” function of Taobao search bar grayscale test
According to the report on November 28, according to the report of the World Online Business, the Taobao search bar is currently testing the "Taobao Hot Trend" ranking function in a small range. Taobao Hot Trends is a hot consumer product. On the one hand, the content team captures hot topics and analyzes and screens content at any time. On the other hand, it refers to the insights into consumer trends on the platform. Compared with the previous pure entries of Taobao hot searches, Taobao hot entries are presented in combination with pictures, videos, product store information flow, etc. It is worth noting that this new content field is open to merchants for the first time, and merchants can participate in the joint exploration, incubation or creation of hot spots with the platform. (Tianxia Online Business)
4. New pharmaceutical Internet information services are added to the business scope of Douyin's company
According to the news on November 28, Tianyancha App showed that recently, Chengdu Sokan Sok Technology Co., Ltd. has undergone industrial and commercial changes, and its business scope has added Internet information services for medical devices and Internet information services for pharmaceuticals. The company was established in March 2022. The legal representative is Li Fei. Its business scope includes software development; Internet sales; daily necessities sales; food Internet sales, etc., and is indirectly wholly owned by Douyin Co., Ltd. According to Tech Planet last month, TikTok's local life has built a new base in Chengdu, and has also established takeaway business and group purchase and delivery services, forming a business map of multiple aspects such as home-based group purchase, in-store group purchase, and travel. (Tianyan Check)
5. JD New Department Store Clothing Warm Season: Down Jacket Transactions Increase More than 2 times on Month
On November 29, JD.com New Department Store launched the theme event of "New Department Store Clothing Warm Season" from November 23 to November 25, launching all categories of warm winter clothing such as down jackets, cashmere sweaters, thermal underwear, as well as luggage, jewelry and other items. It also joined hands with brands such as Bosideng, Tambor, HaiLan Home, Jack Jones, GAP, UGG to launch a 30% discount on every 200 yuan per year, and jointly sell new warm products such as cotton clothing and sweatshirts.
JD data shows that since November 22, JD New Department Store's cold-proof clothing has been popular overall. The transaction volume of down jackets, cashmere sweaters, and thermal underwear has increased by more than 2 times month-on-month, the transaction volume of cotton jackets and snow boots has increased by more than 3 times month-on-month, and the transaction volume of autumn clothes and trousers has increased by 130% month-on-month. (E-commerce News)
Internet news
6. Alibaba Health's mid-term revenue in 2022 was 11.5 billion yuan, a year-on-year increase of 22.9%
Alibaba Health released its six months of performance ended September 30, 2022. During the reporting period, Alibaba Health's revenue reached 11.5 billion yuan, a year-on-year increase of 22.9%; the profit attributable to the parent company's owners was 161 million yuan, a loss of 232 million yuan in the same period last year; and the basic profit per share was 1.19 cents. As of September 30, 2022, Alibaba Health and Pharmaceutical E-commerce Platform has served more than 27,000 merchants, an increase of 2,000 from 2021, and the inventory volume exceeded 48 million SKUs during the reporting period, a rapid increase of 8 million year-on-year. (Ali Health Official)
7. Pinduoduo's third-quarter revenue increased by 35.5 billion yuan year-on-year
According to November 28, Pinduoduo announced its unaudited financial results for the third quarter ended September 30, 2022 today. Operating profit for the quarter was RMB 10.4366 billion, an increase of 388% from RMB 2.1393 billion in the same period in 2021. Non-GAAP operating profit in this quarter was 12.3015 billion yuan, an increase of 277% from 32.607 billion yuan in the same period in 2021. The non-GAAP net profit attributable to ordinary shareholders was RMB 12.4472 billion, an increase of 295% from RMB 3.1502 billion in the same period in 2021. (Pinduoduo official)
8. Pinduoduo CEO Chen Lei: The company will further increase investment in scientific and technological innovation
According to November 29, during the Pinduoduo conference call on November 28, Pinduoduo CEO Chen Lei said that the current industry is fierce, and the passive reduction of short-term investment may affect the platform's long-term competitiveness.
Pinduoduo still has many shortcomings. The company will further increase investment in scientific and technological innovation, promote the universal benefits of agricultural science and technology and the supply-side upgrade, and steadily create long-term value. (E-commerce News)
Cross-border information
9. Shopify's global sales reached US$3.36 billion this year
On November 28, Shopify announced that Shopify's global sales of Black Friday reached US$3.36 billion, an increase of 17% over the 2021 Black Friday. Data shows that as of 12:01 pm ET on Black Friday, Shopify merchants achieved sales of $3.5 million per minute. Judging from Shopify's global highlights this year, the best-selling countries and cities are the United States, the United Kingdom and Canada, with the best-selling cities including London, New York and Los Angeles. Popular product categories are clothing and accessories, followed by health and beauty, as well as home and gardening, (shopify official)
10. Alibaba International Station will remove Onewheel self-balancing electric skateboard products
On November 28, Alibaba International Station released the Onewheel self-balancing electric skateboard product recall announcement today (hereinafter referred to as the announcement).
The announcement stated that in order to protect the rights and interests of platform users and reiterate Alibaba International Station's concern about the importance of product safety, Alibaba International Station will remove the products that need to be recalled.
The platform will publish the information of recalled products from time to time in accordance with the product recall notice issued by regulatory agencies at home and abroad, reminding merchants to abide by applicable laws, compliance requirements and recall rules in different markets.
Merchants must take appropriate actions on the recalled goods in a timely manner, including but not limited to instant notification to all relevant buyers to cease use or sell goods, recover and destroy recalled goods, and make returns and refunds for buyers. Alibaba International Station reserves the right to impose any penalties on merchants that violate regulations in accordance with its platform rules. (E-commerce News)
EN
CN
