#Laogao E-commerce Newsletter# [February 23 E-commerce Morning News]

Morning information:

1. Douyin e-commerce tests PC shopping and planting grass and selling goods;

2. Qianxun "Bee" general manager Wang Si stepped down;

3. Shein is about to complete a new round of financing, saying that there is currently no IPO plan;

4. Amazon announced the completion of the acquisition of primary healthcare supplier One Medical;

5. Alibaba restarts decoration business...

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

E-commerce newsletter

1. Alibaba restarts decoration business

According to the report on February 23, Alibaba restarted its decoration business. Alibaba recently announced that it will launch a "Select Merchant Alliance" in six cities including Beijing, Shanghai, and Hangzhou, to work with enterprises to eliminate the frequent occurrence of mandatory additions and low-quality delivery in the industry. There are 21 selected merchants in the first batch, including Oppein, Bologni, Zhufaner, Life Home, etc. (Tianxia Online Business)

2. TikTok e-commerce tests PC shopping and grass-planting and selling goods

On February 22, Douyin e-commerce focused on building the PC side, and has tested the new function of selling goods in the window on the mobile and PC side, focusing on the ability to sell goods in the window on the "grass-planting content". According to the news released by the Douyin e-commerce operation team, the function was launched in January this year and is still in internal testing. Immediately afterwards, the grass planting video function was configured on the PC side in February, which means that experts and merchants will have the ability to plant grass and sell goods through the display windows on the mobile and PC side. (Tech Planet)

3. Wang Si, general manager of Qianxun "Bee", stepped down

On February 22, after taking office as the general manager of the "Bees" company, Wang Si announced that he would step down and no longer be responsible for the related business of the "Bees Three Society". Regarding his plans after leaving office, Wang Si said he would be responsible for expanding the group's layout and exploring new platforms and new businesses. "In the near future, we will also learn from the waiters of related platforms and businesses, and seniors in related fields." Wang Si said this on the social platform, and it seems that the new business is still in the e-commerce field. (Sina Weibo)

4. Taobao provides sellers with "merchant delivery" and "same city delivery" delivery methods

According to February 22, Taobao today issued a public notice on the rules change of the "Taobao Timeout Instructions". The announcement stated that in order to promote consumers to perceive the logistics information of transactions and enhance the competitiveness of Taobao sellers, Taobao adjusted the "Taobao Timeout Instructions" and provided sellers with "merchant delivery" and "same city delivery" delivery methods to meet sellers' delivery needs. The rules change will be announced on February 22, 2023 and will officially take effect on March 1, 2023. (Taobao platform rules)

Internet news

5. Popular Chinese stocks rose and fell differently. Vipshop rose by more than 2%.

According to news on February 23, popular Chinese stocks rose and fell in unison, with the Nasdaq China Golden Dragon Index rising 0.26%. Vipshop and Manbang rose by more than 2%, while Bilibili, Tencent Music, iQiyi, NIO and NetEase rose by more than 1%. Baidu and Ideal Auto fell by more than 2%, JD.com and Pinduoduo fell by more than 1%, and Weibo, Alibaba, Xiaopeng Motors and Futu Holdings fell slightly. (Cailianshe)

6. Zhou Hongyi was awarded the title of "2022 Glory Star"

On February 22, the launch ceremony of the "'2022' Guangcai Star" hosted by the China Guangcai Business Promotion Office was held in Beijing recently. According to public information on 360's official website, Zhou Hongyi is the founder, chairman and CEO of 360 Group. He is currently a member of the 13th National Committee of the Chinese People's Political Consultative Conference, a member of the 14th Central Committee of the Jiusan Society, and an executive member of the 12th Executive Committee of the All-China Federation of Industry and Commerce. He was awarded the titles of National Model Worker and the Young and Middle-aged Expert with Outstanding Contributions to the National Hundred and Tens of Million Talent Project. He also serves as chairman of the National Engineering Laboratory of Big Data Collaborative Security Technology and vice chairman of the China Cyberspace Security Association. (360 blackboard newspaper)

7. Zhilian Recruitment ChatGPT product internal test can help job seekers write resumes

According to the IT Times, the latest artificial intelligence dialogue product developed by Zhilian Recruitment is under internal testing, which can not only help job seekers write resumes, but also help companies automatically generate job introductions. Cai Baiyin, executive vice president of Zhilian Recruitment, confirmed the news: "In the internal test of Zhilian Artificial Intelligence Dialogue product, we did not let AI grab jobs. He is here to help you write job descriptions and resumes." (IT Times)

Cross-border newsletter

8. Shein is about to complete a new round of financing, saying there is no IPO plan at present

It is believed that the investment amount of Mubadala may be as high as US$1 billion. At the end of 2021 and early 2022, SHEIN also completed a financing of around US$1.5 billion, led by Pan Atlantic Investment Group. In response, Underwin Waves asked SHEIN for confirmation, and the other party said that the news was "untrue." At the same time, regarding the "proposed IPO news" that is currently rumored, SHEIN replied: "There is no IPO plan at present." (Underwind Waves)

9. eBay's net revenue in the fourth quarter of fiscal 2022 was US$2.51 billion, down 4% year-on-year

According to February 23, eBay released its fourth quarter and full-year financial report for the 2022 fiscal year. The report shows that eBay's net revenue in the fourth quarter was US$2.51 billion, a 4% decrease from US$2.613 billion in the same period last year; profit from continued operations was US$671 million, compared with loss from continued operations in the same period last year, a year-on-year turnover; in accordance with USGA standards, eBay's adjusted net profit from continued operations in the fourth quarter was US$581 million, a 10% decrease from US$647 million in the same period last year. (ebay)

10. Amazon announces the acquisition of One Medical, a primary healthcare provider

On February 23, Amazon announced that it would complete the acquisition of 1Life Healthcare for US$3.49 billion, the operator of One Medical series primary health clinics. One Medical operates over 200 medical offices in 26 markets in the U.S., and customers pay for subscriptions to access its doctors and digital health services. After completing the acquisition, Amazon will significantly expand its healthcare business and enter the physical medical clinic space. (Interface News)