#Laogao E-commerce Newsletter#[E-commerce Evening News on December 8]

Evening information:

1. JD Health has joined hands with dozens of pharmaceutical companies to ensure that anti-epidemic drugs are "continuously supplied and not increase prices";

2. Vipshop opened the 12.8 special sales conference and saw sales of many domestic brands increasing multiple times;

3. Alibaba established a new company in Hangzhou with a registered capital of 50 million yuan;

4. TikTok Shop Black Friday GMV grew by 126%;

5. SHEIN will spend $15 million to improve the factory conditions of hundreds of suppliers...

Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Vipshop opens the 12.8 special sale conference and many domestic brands have seen multiple sales growth

On December 8, Vipshop, a special sale e-commerce company, celebrated its 14th birthday, and at the same time, the annual 12.8 special sale conference also entered its climax. Data shows that since the special sales conference started, domestic brands have experienced sales explosions, and sales of many well-known domestic brands have increased by multiple levels. Sales volumes in related categories such as warmth and health have increased sharply, and have performed extremely well in the promotion activities. Under the impact of cold air, sales of heating supplies also ushered in an explosion of sales, with sales of electric heaters soaring three times year-on-year, and sales of hand warmers and electric blankets increased by more than five times year-on-year. (Oriental Fortune Network)

2. JD Health has joined hands with dozens of pharmaceutical companies to ensure that anti-epidemic drugs are "continuously supplied and not price increases"

On December 8, JD Health recently joined hands with the China Over-the-counter Drug Association to jointly issue an initiative with dozens of well-known pharmaceutical companies at home and abroad, calling on pharmaceutical companies to conscientiously fulfill their social responsibilities, strengthen drug quality management and price self-discipline, and make every effort to ensure the stable supply and price of anti-epidemic protection-related drugs and household regular drugs. It is reported that in anti-epidemic related categories such as respiratory medicine, cold medicine, pain relief and analgesic medicine, digestive medicine, etc., including spot reserves and on-transit orders, JD Pharmacy is ensuring the supply of more than 100 million boxes of drugs to the public at a fair price. (China Youth Network)

3. Video account native advertising bidding promotion capabilities are launched

On December 8, WeChat Advertising launched the video account's native advertising bidding promotion capabilities, supporting the promotion of short videos and live broadcasts. Advertisers can display selling points in native short video content, promote products, applications, etc.; they can also promote live broadcast rooms for conversion and sales. Advertisers can choose to publish the materials simultaneously on the video account to achieve concentrated precipitation of brand assets. In the live broadcast promotion mode, the live broadcast room will be directly used as creative materials, without additional uploading of creativity. (Webmaster's Home)

Internet news

4. The average daily express delivery volume in Zhejiang Province has increased to more than 80 million pieces

Data from the State Postal Bureau’s Safety Supervision System shows that from December 4 to 6, Zhejiang Province’s three-day express delivery business volume reached 252 million pieces, with an average daily business volume of nearly 84 million pieces, a year-on-year increase of 22.8% and a month-on-month increase of 11.7%, and the national share reached 24.6%, surpassing Guangdong and temporarily ranking first. At the same time, with the continuous emergence of the optimization effect of epidemic prevention and control policies, Zhejiang Province's express delivery industry will play a greater role in smoothing economic circulation and supporting the real economy, injecting stronger development momentum into the province's economic and social development. (Zhejiang Daily)

5. Guotai Junan: Maintain Naixue’s Tea’s increase rating

The company plans to invest in and operate Shanghai Chatian Catering Management Co., Ltd., a brand of "Lele Tea". After the investment is completed, it is expected to hold approximately 43.64% of the expanded equity interest of the target company. The target company is expected to become a Naixue joint venture and will continue to maintain independent operations. The bank said the above investments will help to obtain investment returns for the company and optimize the competitive environment. The target company's main business income in 2021 was 870 million yuan, a loss of 18.17 million yuan after tax, and about 148 stores, concentrated in East China. (Sina Finance)

6. YTO Express increased its capital to 1.17 billion yuan

According to the news on December 8, Tianyancha App, on December 7, YTO Express Co., Ltd. experienced industrial and commercial changes, with registered capital increasing from RMB 820 million to RMB 1.17 billion, an increase of more than 43%. The company was established in April 2000. The legal representative is Yu Huijiao. Its business scope includes: international cargo transportation agents, warehousing services, social and economic consulting services, technology development, technical consulting, technical services in the fields of logistics technology and information technology. The equity penetration chart shows that the company is wholly owned by YTO Express Co., Ltd. (Tianyan Check)

7. Alibaba established a new company in Hangzhou with a registered capital of 50 million yuan

According to the news on December 8, Tianyancha App, it showed that recently, Hangzhou Chengning Network Technology Co., Ltd. was established. The legal representative is Yu Zhihao, with a registered capital of RMB 50 million. The business scope includes information system integration services; data processing and storage support services; computer software and hardware and auxiliary equipment retail; advertising release, etc. Shareholder information shows that the company is wholly owned by Alibaba (China) Co., Ltd. (Tianyan Check)

Cross-border newsletter

8. TikTok Shop Black Friday GMV grows by 126%

According to December 8, the TikTok Shop Black Five promotion officially ended on November 28. During the Black Five promotion period, the GMV of TikTok Shop increased by 126%, the order volume increased by 138%, and the cumulative number of views in the live broadcast room increased by 121%. The above data statistics cycle is the average daily performance during the overall Black Five promotion activities of each country compared with the average daily data within the seven days before the major promotion activities of each country. The top 3 cross-border merchants in this big promotion are @yoboo_ph2, @electronics.so, @GO.GG; the top 3 cross-border experts are @dailywigirl, @ioubag_u.mt, @yanana.nayaya. The above TOP rankings are comprehensively ranked according to the performance of target completion of merchants or experts in key live broadcast rooms, sales order volume and GMV sales during the Black Five promotion period. (China Business Daily)

9. SHEIN will spend $15 million to improve factory conditions at hundreds of suppliers

On December 8, fast fashion giant SHIEN announced that it would spend $15 million to upgrade its supplier's factory, while denying rumors about poor working conditions in its factory. SHEIN also said that it will increase the frequency of temporary spot checks in the future and strengthen training for factories to ensure that they comply with laws and regulations. SHEIN did not specify what improvements will be made or how these improvements will benefit factory workers. SHEIN is expected to complete the upgrade of more than 30 factories by the end of this year, and 100 will be completed by the end of 2023, and 300 will be reached within four years. (Tencent.com)

10. Shopify establishes partnerships with cross-border payment providers Payoneer, PayGlocal, etc.

On December 8, Shopify announced a partnership with India's leading merchant cross-border payment provider Payoneer, PayGlocal and Tazapay. The cooperation aims to simplify the cross-border business process for Indian merchants on Shopify. Currently, about one in five Indian sellers sell goods internationally to four international e-commerce platforms on average, covering more than 70 million shoppers from around the world. The partnership is in line with Shopify's focus on continually promoting cross-border business by enabling sellers to receive payments through accessibility programs and reduce transaction fees. (AMZ123)