#Laogao E-commerce Newsletter# [E-commerce Morning News on December 14]

Morning information:

1. 420 million shares! Huang Guangyu reduced his holdings for the fourth time in 5 days;

2. By 2028, the global smart home appliance industry is expected to reach US$49.9 billion;

3. Secoo has re-complied with the minimum stock price requirements for listing in Nasdaq;

4. The top 100 global digital trade industry companies were announced in 2022: Amazon, Alibaba, and JD.com were listed;

5. Byte invested 160 million yuan in Shanxi to establish Volcano Cloud Technology Company...

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

E-commerce newsletter

1. Double 12 Suning.com upgraded large-piece safe installation service

On December 13, during Double 12, Suning.com's large-scale installation and upgraded free storage services for home appliances and furniture products. Consumers can customize exclusive delivery times according to their own needs, and can store for up to 365 days for free. Data shows that during Double 12, Suning.com's consumption popularity increased, with the overall increase of double-line orders by 53%, of which the sales volume of large-screen color TVs increased by 64% month-on-month, and the customized cabinets increased by 61% year-on-year. Suning.com Logistics’ home improvement shipments have increased compared with the same period last year, and demand for after-sales services such as “delayed delivery”, “free storage”, and “integrated delivery and installation” has increased. (Securities Star)

2. JD Flash Payment will suspend HCE payment function on December 31

On December 13, JD.com officially issued an announcement stating that due to system upgrades, JD.com Flash Payment HCE payment function will be suspended from service starting from December 31, 2022. Among them, the mobile phone models that support JD.com Flash Payment listed on the JD.com Flash Payment page of JD.com APP will not be affected.

It is reported that JD Flash Pay was officially launched in 2017. It is an NFC product of JD Payment based on UnionPay's "Cloud Flash Payment" cooperation. It generates a virtual electronic banking card (JD Flash Payment Card) from the JD APP and writes it to the NFC module of the mobile phone, and is used on devices that support cloud flash payment. In addition to online consumption such as JD.com, users can use JD.com Flash Payment on nearly 10 million "Cloud Flash Payment" POS machines of UnionPay. (Phoenix Technology)

3. Meituan buys medicine and launches the "find medicines in the whole city" function in 8 cities including Beijing, Tianjin and Shanghai.

On December 13, Meituan bought medicine recently and launched the "City-wide drug search" function in eight cities, including Beijing, Shanghai, Nanjing, Tianjin, Langfang, Chengdu, Wuhan and Shijiazhuang. The search range of users' drugs has expanded from the past 3-5 kilometers to the whole city, and has also aroused Meituan's errand service for orders exceeding the delivery distance, providing users with multiple options for purchasing drugs.

According to reports, currently, an average of 1,500 long-distance drug orders in Beijing are completed by 'finding drugs across the city'. (Yangzi Evening News)

Internet news

4. 420 million shares! Huang Guangyu reduced his holdings for the fourth time in 5 days

According to the latest equity disclosure information of the Hong Kong Stock Exchange, on December 9, Huang Guangyu sold 420 million Gome Retail shares at an average price of HK$0.17 per share, involving HK$71.6728 million. After the sale, Huang Guangyu's latest holdings were 9.894 billion shares, which is the fourth time Huang Guangyu has reduced his holdings in Gome Retail this month. After these four sales, Huang Guangyu's latest holdings are 9.894 billion shares, and his shareholding ratio in Gome Retail has dropped from 59.94% at the beginning of the year to 27.7%. A few days ago, he paid out 150 million Hong Kong dollars out of his own pocket to solve the company's operational problems of Gome, including employee salaries. (China Securities News)

5. Byte invested 160 million yuan in Shanxi to establish Volcano Cloud Technology Company

Shareholder information shows that the company is wholly owned by Beijing Zitiao Network Technology Co., Ltd. Beijing Zitiao Network Technology Co., Ltd. was established in 2018 with the legal representative Li Ying, with a registered capital of US$100 million. The business scope includes technology development; copyright agency; copyright trade; literary and artistic creation; engaging in cultural brokerage business; selling self-developed products, computers, software and auxiliary equipment, etc. (Tianyan Check)

6. Secoo re-complies with the minimum stock price requirement for listing in Nasdaq

On December 13, Seku Holdings Co., Ltd. announced today that the company has received a written notice letter issued by the Nasdaq Stock Market Listing Qualification Department on December 12, 2022, informing the company that it has re-complied with the minimum share price requirements for Nasdaq Listing. As previously disclosed, Secoo received a Nasdaq notice on December 17, 2021, stating that the company did not comply with the listing rules of the Nasdaq stock market because the closing price of the American depositary stock was below $1.00 per ADS for the past 30 consecutive working days. (Secou Official)

7. Top 100 global digital trade industry companies announced in 2022: Amazon, Alibaba, and JD.com are on the list

The selection focuses on platforms and enterprises that carry out digital trade business around the world or promote cooperation in the digital trade field, mainly covering retail, e-commerce, IT software and services, technology, media and other fields; the total number of surveyed companies exceeds 3,000, including listed companies and non-listed companies; Forbes China conducted a comprehensive assessment from the three dimensions of the business growth power, technological innovation power and industry influence of each company, and selected 100 representative global companies for concentrated display. (Forbes)

Cross-border information

8. Amazon US website launches a new page of “Build Your Brand”

On December 13, Amazon's US website issued an announcement stating that Amazon launched a new "Build Your Brand" page on SellerCentral, which can help sellers understand their strategies, develop and protect sellers' brands. Sellers can access this page through the Seller Center under the Brands tab. It is worth mentioning that recently, Amazon's US website issued an announcement stating that starting from December 8, new and existing products of certain product types have added three mandatory attribute requirements: color name, product description and category name attributes. Products without valid attribute values ​​will not be available. (ENECNEWS)

9. TikTok's exposure exceeded 1 billion, and the "ceiling decompression ball" only released 130,000 fans increased by 4 days!

Currently, TikTok is the mainstream social media that promotes e-commerce. Many cross-border sellers have chosen to publish short videos on TikTok to sell goods and establish brands. After gaining the attention of a large number of netizens, they will eventually achieve order conversion. Many TikTok netizens regard toys like "ceiling decompression balls" as boring pastime or a tool to relieve anxiety. In a video released by a blogger on December 9, it is mentioned that interacting with the blogger can get the same ball. Searching for "globbles" through TikTok, many merchants in the past were selling the same model, and some merchants have gained nearly 700,000 followers. (Yien.com)

10. By 2028, the global smart home appliance industry is expected to reach US$49.9 billion

ResearchAndMarkets recently released the report "Global Smart Home Appliance Market Size, Share and Industry Trend Analysis Report: By Distribution Channel, By Product, Regional Outlook and Forecast, 2022-2028". The report mentioned that in 2028, the global smart home appliance market size is expected to reach US$49.9 billion, growing at a compound annual growth rate of 8.7% during the forecast period. Due to concerns about electricity bill spending, many families are looking for energy-saving measures. In this case, smart appliances that can communicate with each other become an excellent choice (ResearchAndMarkets)