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#Laogao E-commerce Newsletter# [February 20th E-commerce Morning News]

2023-02-20

Morning information:


1. JD.com plans to launch a 10 billion subsidy channel in early March;

2. The search volume of Taobao’s “Black Plum Jam” has increased by 200 times in the past three days;

3. Shein plans to go public in the United States this year, with a target revenue of US$58.5 billion in 2025;

4. On February 18, the number of postal express delivery was about 336 million pieces delivered to about 353 million pieces;

5. There is one anchor in every 244 people in Hangzhou...




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1. JD.com plans to launch a 10 billion subsidy channel in early March


According to reports on February 20, JD.com plans to launch a 10 billion subsidy channel in early March. Information circulated on the Internet shows that the pace of JD’s 10 billion subsidy launches will be from February 6 to February 15 to jointly build rules and product pools; from February 16 to February 20, the rules and product pools will be finally confirmed; from February 20 to February 24, the bidding system will be launched and QA will be tested; from February 25 to February 28, the reviewed and approved products will be launched one after another; from March 1 to March 3, the front desk cutting volume will be officially launched; from March 3, 100% will be officially launched; from March 3, it will be officially opened at 8 pm. (Phoenix.com)


2. The search volume of Taobao’s “Black Plum Jam” has increased by 200 times in the past three days


On February 19, Li Ronghao's song "Wumeizijiang" has become popular on social platforms recently, and it also makes the same product on Taobao popular. Data shows that the search volume of "Wumeizijiang" on Taobao website has soared by 200 times in the past three days, and has become a hot search on Taobao. The reporter observed that after the related topic #Black Plum Sauce Sales Soared 200 times# became a hot search on Weibo, some Taobao merchants have changed the product copy to "Li Ronghao's Sweet Black Plum Sauce". It is worth noting that the reporter learned from the Taobao platform that in addition to the booming black plum sauce, the sales of other Taobao jams have also increased by more than 100% year-on-year in the past three days. (China Radio and Television)


3. There is one anchor in every 244 people in Hangzhou


2月18日消息,浙江省商务厅监测数据显示,目前杭州已有综合类和垂直类头部直播平台32家、近5万主播,直播相关企业注册量超5000家,数量列全国第一,带动就业超100万人。这相当于在杭州,每244个人里就有一个是主播;每12个人里,就有一个从事直播相关行业。一直以来,杭州的电商人才都以专业性高、抗压性强著称,广受市场欢迎。(DoNews)


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4. Tongcheng Travel: It plans to acquire Tongcheng Travel Industry no more than 700 million yuan


According to February 20, Tongcheng Travel recently announced a letter of intent regarding possible acquisitions, intending to acquire Tongcheng Travel for a total cost of no more than 700 million yuan. At present, the relevant terms of the above-mentioned possible acquisition matters are still to be negotiated. As of the date of publication of the announcement, the parties have not signed a final acquisition agreement. It is reported that at the end of December last year, Tongcheng Travel announced that it would acquire Tongcheng Guohui and actively promote the in-depth integration of its tourism and vacation business. The planned acquisition of Tongcheng Travel is a continuation of Tongcheng Travel's layout in the leisure and tourism vacation market. (Tongcheng Travel)


5. Munger's Daily Journal disclosed 13F: Alibaba is one of the three major positions


According to the news on February 18, the latest 13F submitted by Munger's Daily Journal recently showed that Alibaba is one of its three major holdings. In addition, Alibaba has received additional positions from many institutions. HHLR Advisors, a fund management agency under Hillhouse Capital specializes in secondary market investment, concentrated its allocation of Chinese stocks and technology companies in the fourth quarter, and increased its holdings, new purchases, etc. on 11 Chinese stocks including Alibaba, and listed Alibaba as one of the top ten heavily held stocks. The 13F submitted by Gaoyi Asset Management International shows that Alibaba will be included in its top ten heavily held stocks in the fourth quarter. (Sina Finance)


6. Jitu responded to listing in Hong Kong in the second half of the year: no comment


According to reports on February 20, Jitu plans to be listed in Hong Kong in the second half of 2023. Sources said Jitu is considering selling 5% to 10% of its shares, which will put the IPO value between $1 billion and $2 billion. Regarding this matter, a relevant person in charge of Jitu told a reporter from Beijing Business Daily that he would not comment. (Beijing Business Daily)


7. JD Health and Tongcheng Beijian reach strategic cooperation


According to February 19, the strategic cooperation signing ceremony between JD Health and Tongcheng Beijian was recently held in Beijing. Specifically, after this signing, JD Health will continue to focus on building professional service capabilities, covering more users and scenarios with a deep medical and health service layout, and extend its influence in the field of dietary nutritional supplements with Tongcheng Beijian. At the same time, Tongcheng Beijian will take advantage of JD Health's resources to further expand the quality advantages of its own products and services, reach more user groups, and provide users with an industry-leading, solution-based healthy consumption experience. (Popular News)


8. On February 18, the number of postal express delivery was about 336 million pieces delivered.


According to data on February 19, according to data, on February 18, the national freight logistics was operating in an orderly manner, including: national railway freight continued to maintain a high level, transporting 11.025 million tons of cargo, a month-on-month increase of 0.9%; 6.8746 million highway trucks were passed nationwide, a month-on-month decrease of 7.46%; monitored ports completed cargo throughput of 31.08 million tons, a month-on-month decrease of 10.3%, and completed container throughput of 698,000 TEU, a month-on-month decrease of 2.4%; civil aviation guarantee flights of 13,935, a month-on-month decrease of 3.7%; postal express collection was about 336 million pieces, a month-on-month decrease of 3.4%; delivery volume was about 353 million pieces, a month-on-month decrease of 3.6%. (Ministry of Transport)


Cross-border newsletter


9. Amazon requires employees to stay at the company at least 3 days a week


Amazon reportedly requires employees to work at the office at least three days a week, eliminating previous policies to decide on such jobs by senior executives. Amazon CEO Andy Jassy posted a memo to employees on Amazon's corporate blog that said the rule will take effect on May 1. Iasi said there will be exceptions, including some sales and customer support efforts, “but that will be a small part. (ENECNEWS)


10. Shein plans to go public in the United States this year, with a target revenue of US$58.5 billion in 2025


According to media reports, SHEIN plans to conduct an IPO later this year and is currently actively attracting investors. SHEIN executives revealed to investors in a presentation that the company aims to achieve annual revenue of $58.5 billion by 2025, well above last year's $22.7 billion. This also means that SHEIN's annual revenue will exceed the combined current annual sales of H&M and Zara. SHEIN expects that by 2025, the total amount of commodity transactions on the platform will increase to US$80.6 billion, an increase of 174% from last year. The SHEIN executive said that to achieve the above goals, SHEIN must significantly change its sales model, including winning more repeat customers and starting to sell more diverse and more expensive clothing lines. ) - Some media reports that SHEIN plans to conduct an IPO later this year and is currently actively attracting investors. SHEIN executives revealed to investors in a presentation that the company aims to achieve annual revenue of $58.5 billion by 2025, well above last year's $22.7 billion. This also means that SHEIN's annual revenue will exceed the combined current annual sales of H&M and Zara. SHEIN expects that by 2025, the total amount of commodity transactions on the platform will increase to US$80.6 billion, an increase of 174% from last year. The SHEIN executive said that to achieve the above goals, SHEIN must significantly change its sales model, including winning more repeat customers and starting to sell more diverse and more expensive clothing lines. (Yien.com)





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