#Laogao E-commerce Newsletter# [E-commerce Evening News on March 13]

Evening information:

1. Douyin e-commerce consumer rights protection annual report: pre-sale orders have decreased significantly, and the proportion of spot orders has increased by 10%;

2. The Douyin subsidiary invested in Yanxuan Technology, the latter is the developer of Xingtu software;

3. Kuaishou E-commerce launches the "intercept logistics" service and can automatically agree to a refund if it is blocked successfully;

4. Dunhuang.com is online Jitu Europe and the United States on time dedicated line (General);

5. Lu Zhengyao has been executed for 1.085 billion yuan...

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E-commerce newsletter

1. 1688 offline powerful merchants, industrial brands, and super factory store Xiaomi rights

According to March 13, 1688 issued an announcement stating that due to business adjustments and system upgrades, Dianxiaomi version 1688 has begun service adjustments on the 1688 platform from March 1, 2023. In order to ensure the operating experience of member merchants, the original 1688 Power Merchants, 1688 Industrial Brand Station, and 1688 Super Factory, Dianxiaomi's bonus rights have been simultaneously offline, and no longer provide this rights to powerful merchant members, industrial brand station members, and super factory members who have newly settled or renewed after March 1, 2023. (1688 platform rules)

2. Douyin e-commerce consumer rights protection annual report: More than 950,000 illegal product releases have been intercepted throughout the year

On March 13, Douyin E-commerce released the "2022 Douyin E-commerce Consumer Rights Protection Annual Report", which comprehensively reviewed the platform's measures and achievements in consumer rights protection last year from five dimensions: user experience, content ecology, product quality, intellectual property rights and information security. The report shows that the platform has created rules such as the "General Rules for Douyin E-commerce" and "Commodity Quality Specification" to encourage merchant experts to adhere to long-termism and focus on improving product quality and consumer experience. (Tiktok e-commerce)

3. Douyin e-commerce consumer rights protection annual report: pre-sale orders have decreased significantly, and the proportion of spot orders has increased by 10%.

On March 13, Douyin E-commerce released the "2022 Douyin E-commerce Consumer Rights Protection Annual Report", which comprehensively reviewed the platform's measures and achievements in consumer rights protection last year from five dimensions: user experience, content ecology, product quality, intellectual property rights and information security. The report pointed out that the platform has been upgraded to the "E-commerce in the whole region" stage, with the purpose of providing more high-priced and good products in a richer way to meet consumers' diverse needs for a better life. The report shows that the platform continues to upgrade the pre-sale threshold, the pre-sale orders have been significantly reduced, the proportion of spot orders has increased by 10%, and the overall shipment time has been shortened by 4 to 5 hours. (Tiktok e-commerce)

4. Kuaishou E-commerce launches "intercept logistics" service and can automatically agree to refund after blocking it successfully

It is understood that some merchants are worried that the buyer will return the goods within 48 hours after placing an order, so they deliberately waited for the 48-hour return peak to be completed before shipping the goods. This will increase orders due to slow shipment. After the logistics interception service is activated, merchants can ship the goods as soon as possible to reduce the refund rate. At the same time, because the goods that were intercepted and returned were not collected by the buyer by the third party, the proportion of goods damage was greatly reduced, and the disputes with the buyer were also greatly reduced. If goods damage occurred, the merchant only needs to claim compensation from the express delivery company. (Kuaishou Merchant Service)

Internet news

5. Lu Zhengyao has been executed for 1.085 billion yuan

According to reports on March 13, on March 9, Lu Zhengyao added a new execution information, with the execution target of 1.085 billion yuan. The execution court is the Intermediate People's Court of Xiamen City, Fujian Province, with the case number of Min02 Zhihui No. 30. The judicial case belongs to the contract dispute between Xiamen Jinyuan Investment Group Co., Ltd. and Shenzhou Youche Co., Ltd. and Lu Zhengyao. Risk information shows that at present, Lu Zhengyao has three items of execution information related to the total amount of execution is approximately 2.292 billion yuan, and the case numbers are Min02 Zhihui No. 30, Jing03 Zhi No. 237, and Jing01 Zhi No. 763. (Tech Planet)

6. Ping An Good Doctor: Net loss in 2022 fell by 60.3% to 610 million yuan

On March 13, Ping An Good Doctor announced on the Hong Kong Stock Exchange that its total revenue in 2022 was RMB 6.16 billion, a year-on-year decrease of 16% compared with 2021; its net loss fell by 60.3% to RMB 610 million. The report shows that as of December 31, 2022, the company's number of paid users has maintained steady growth in the past 12 months, reaching nearly 43 million, an increase of 5.3% compared with the number of paid users in the past 12 months ended June 30, 2022. Among them, the cumulative number of B-side service companies has increased to 978, with the number of paid users in the past 12 months reaching about 3 million; the number of paid users in the past 12 months exceeding 34 million. (Peace and Health)

7. Ant Consumer Finance increased its capital to 18.5 billion

According to the news on March 13, Tianyancha App, recently, Chongqing Ant Consumer Finance Co., Ltd. has undergone industrial and commercial changes, with new shareholders such as Chuanhua Zhilian Co., Ltd., Zhejiang Sunny Optical Co., Ltd., Guangzhou Boguan Information Technology Co., Ltd., etc. At the same time, the registered capital increased from RMB 8 billion to RMB 18.5 billion, an increase of 131.25%. (Tianyan Check)

8. Douyin's subsidiary invests in Yanxuan Technology, the latter is Xingtu software developer

According to the news on March 13, Tianyancha App showed that recently, Beijing Yanxuan Technology Co., Ltd. had an industrial and commercial change, and the original shareholder Yinping withdrew, adding a Douyin subsidiary Beijing Xingyun Chuangji Technology Co., Ltd. as a shareholder and wholly-owned shareholding. At the same time, the legal representative of the company was changed from Yinping to Gu Minwei. Information shows that Beijing Yanxuan Technology Co., Ltd. was established in July 2018 with a registered capital of RMB 1 million. Intellectual property information shows that the company has registered the copyright of the photo editing software "Xingtu App". (Tianyan Check)

Cross-border newsletter

9. Dunhuang Online Jitu Europe and the United States on time dedicated line (General)

On March 13, Dunhuang.com launched Jitu Europe and the United States on time dedicated line. Specifically, the serving countries include: the United States, the United Kingdom, Canada, France, Germany, Spain, Italy; the transportation time is 8-12 days; weight limit, the United States, Canada, France, and Germany limit 30kg; the United Kingdom 20kg; Spain and Italy 5kg. (Dunhuang.com)

10. Dunhuang Network Migration DHgate Alliance CPS Marketing and Internet Celebrity Products Function

On March 13, Dunhuang.com issued an announcement stating that in order to enhance the good experience of sellers using Alliance CPS marketing and Internet celebrity sales functions in the backend of DHgate sellers, the platform will upgrade the two major functions of Alliance CPS marketing and Internet celebrity sales functions on March 20, 2023. (Dunhuang.com)