#Laogao E-commerce Newsletter# [March 3 E-commerce Evening News Brief]

Evening information:

1. Pinduoduo will receive 30 off for every 200 yuan you spend on 38 major promotions;

2. The service name of 1688 "Cheng e Credit" is upgraded to "Procure First Payment" service;

3. Dunhuang.com requires merchants to remove the shelves and delete medical device products;

4. The demand for overseas orders at Alibaba International Station increased by 30%;

5. Huaxizi affiliated company was forced to be held due to a contract dispute...

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

E-commerce newsletter

1. Dunhuang.com requires merchants to remove the shelves and delete medical device products

On March 3, Dunhuang.com released a self-inspection notice for medical device products today. The announcement shows that recently, Dunhuang.com has monitored some merchants that illegally sell botulinum toxin, hyaluronic acid and other medical beauty prescriptions/drugs. According to the relevant requirements of the "Prohibited (Restricted Sales) Rules", the platform expressly prohibits the sale of any medicines and medical devices, such as prescription drugs, over-the-counter drugs, cosmetic injections, injection products, etc. Starting from now on, the platform will conduct irregular product inspections. If illegal products are found, they will be removed from the shelves, and the applicable penalties will be implemented in accordance with the violation penalty clauses of the "Dunhuang Network Basic Rules". (Dunhuang.com)

2. The service name of 1688 "Cheng e Credit" is upgraded to "Procure First Payment" service

According to March 3, the 1688 platform recently issued an announcement on the update of the agreements such as the "Chenge e Credit Technical Service Agreement". This update will take effect 7 days after the announcement expires. The announcement shows that the names involved in the agreement include: "Chenge Credit Technical Service Agreement", "Factoring Service Agreement", "Chenge Credit Unsecured Use" Authorization Agreement", "Chenge Credit Automatic Payment" Authorization Agreement", "Yu'e Bao Locking and Chenge Credit Increase Service Agreement", and "Chenge Credit WeChat User Service Agreement". This update is only an update of the service name, and the service content and the rights and obligations of all parties remain unchanged. (1688 Platform Rules)

3. Pinduoduo launches 30 off for every 200 yuan per 38 promotional activities

According to reports on March 3, Pinduoduo launched this year's 38 major promotion activities, with a discount of 30 yuan for every 200 yuan spent, and an additional 388 yuan spent consumption coupon package will be issued. It is understood that the 38 promotion of Pinduoduo will last until March 9. Users open the Pinduoduo APP, search for "38 promotion" or go directly to the promotion venue through the event entrance at the bottom of the homepage. During the promotion, dozens of brands including Winona, Unilever, Hisense, Panasonic, Joyoung, OPPO, OnePlus, Pathfinder, iQOO, Watermark, Haichang, and Calci will also land in the event venues one after another to jointly help women's consumption continue to recover. (China Radio and Television)

4. The GMV of the second season of Juliang Engine "National Reading Meeting" reached 100 million

According to reports on March 2, Juliang Engine recently launched the second season of the "National Reading Meeting". The event attracted 368 booksellers to participate, involving more than 10,000 books, with an overall exposure of 150 million+, a topic exposed by 110 million+, and a GMV of 100 million. It is understood that this event is created and topical communication through the creation of short book videos on Douyin. In order to help book sales, Juliang Engine also jointly launched the official live broadcast of the Beijing Book Ordering Club with the China Publishing Association. Booksellers can also connect with creators and scarce big names in the book industry to help sell books. (Juliang Engine Marketing Observation)

Internet news

5. Huaxizi affiliated company was forced to be held due to contract disputes

According to the news on March 3, Tianyancha App showed that on March 1, Huaxizi's affiliated company Hangzhou Yige Cosmetics Co., Ltd. added a new information about the person subject to execution, with the execution target of more than 300,000 yuan. The execution court was the Qiantang District People's Court of Hangzhou City. The case involved was a related contract dispute between World Expo Wenhua Culture Development Co., Ltd. and the company during the 2020 Dubai World Expo. Hangzhou Yige Cosmetics Co., Ltd. was established in October 2015. The legal representative is Zhang Dayong, with a registered capital of RMB 5 million and is wholly owned by Zhejiang Yige Beauty Group Co., Ltd. (Tianyan Check)

6. Zhongguancun: 115,800 shares of the company held by Gome Electrical Appliances are waiting to be frozen

According to the report on March 3, Zhongguancun announced that Gome Electrical Appliances Co., Ltd., the joint actor of the controlling shareholder Gome Holding Group Co., Ltd., was frozen 115,800 shares this time, accounting for 0.02% of the company's total share capital. Gome Electrical Appliances Co., Ltd. currently holds 55,500,355 outstanding shares of the company, with a shareholding ratio of 7.37%. (Zhongguancun)

7. Morgan Stanley increased its holdings in Yum China by about 1.3505 million shares per share for approximately HK$476.07

According to the latest information from the Hong Kong Stock Exchange, on February 24, Morgan Stanley increased its holdings in Yum China by 13.5053 million shares, with a price of HK$476.0654 per share, with a total amount of approximately HK$643 million. After the increase, the latest number of shares held is approximately 46.4248 million shares, and the latest shareholding ratio is 11.09%. (Sina News)

8. Payment limit can be set for WeChat upgraded youth mode

On March 3, WeChat has once again upgraded the "WeChat Youth Mode". After upgrading, the "Youth Mode" setting method is simpler and more convenient. In the video account scenario, the WeChat Youth Mode has launched the duration limit and curfew function. After teenagers use it for a total of 40 minutes, they need a guardian to enter a password to extend the usage time. Parents or guardians can set limits for WeChat payment in the teenager mode, including "daily consumption limit" and "single consumption limit". After completing the settings, teenagers will be subject to the set limit when using WeChat to pay. (WeChat)

Cross-border newsletter

9. The demand for overseas orders at Alibaba International Station increased by 30%

According to the report on March 3, judging from the first day of the New Trade Festival in March, the demand for overseas orders at Alibaba International Station increased by 30% year-on-year, indicating that overseas demand is recovering, especially digital foreign trade shows a recovery trend. Specifically, new energy, building materials and automotive accessories are the three fastest growing industries. (36Kr)

10. SHEIN Smart Industrial Park launched an investment scale of 3.5 billion yuan

On March 3, SHEIN's Xiyin Bay Area Western Smart Industrial Park project in Zhaoqing New District, Guangdong was launched. It is understood that Xiyin Bay Area Western Smart Industrial Park plans to build a smart park integrating intelligent sorting center, order distribution center and intelligent manufacturing factory in Zhaoqing New District, with an investment scale of 3.5 billion yuan. Two phases of land have been auctioned at the end of 2022 and preliminary work will be carried out simultaneously. In the first quarter of 2023, there were 211 major projects signed, started construction and put into production in Zhaoqing City, of which the largest investment scale was the Xiyin Bay Area Western Smart Industrial Park project. (Pengpai News)