#Laogao E-commerce Newsletter# [March 24 E-commerce Morning News]

Morning information:

1. Yaowang Technology’s “100 million quality assurance fund” was selected as an excellent case for consumer rights protection;

2. China Youzan's revenue in 2022 was 1.497 billion yuan, and the transaction volume of merchants reached 101.4 billion yuan;

3. Dong Yuhui opposes young people lying flat: If you don’t go out to sea, you won’t have a single fish;

4. Douyin e-commerce "Douin National Health Plan" covers multiple categories of 10 major health consumption scenarios;

5. Faraday Future, a subsidiary of Jia Yueting, launches FF 91 Futurist and starts production countdown...

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E-commerce newsletter

1. Dong Yuhui opposes young people lying flat: If you don’t go to sea, you won’t have a single fish.

On March 24, Dong Yuhui recently talked about his views on "lying flat" during a live broadcast. He said that there are big fish in the deep water area and small fish in the shallow water area, but if he does not go to sea, there will be no fish. Regarding the hotly discussed topic of "Kong Yiji who can't take off his long gown", he said that everyone regards diplomas as their amulet, but when there are already many college students, its role is rapidly decaying, but it is by no means useless. Exams are still crucial to ordinary families. (Boss Broadcast)

2. Douyin e-commerce "Douin National Health Plan" covers multiple categories of 10 health consumption scenarios

According to reports on March 23, Douyin E-commerce held a Douyin National Health Plan launch conference on March 22. At the meeting, Fan Ruizhen, head of the Douyin e-commerce wine nourishing and health industry, said that the growth rate of multiple leaf categories is far ahead of the three tracks of nourishing health, low-temperature meat and eggs, and milk-mixed drinks, and many of them are health-related categories. Data shows that from January 1, 2022 to November 15, 2022, year-on-year compared with January 1, 2021 to November 15, 2021, the overall growth rate of Douyin e-commerce food and health industry was 133%, of which the growth rate of nourishing health, meat and eggs was 189%, and the growth rate of milk-making drinks also exceeded 150%. (Douyin e-commerce marketing observation)

3. Douyin E-commerce releases the "2022 Douyin E-commerce Intellectual Property Protection Report"

On March 23, Douyin E-commerce held an exchange meeting on intellectual property protection in Xiamen today and released the "2022 Douyin E-commerce Intellectual Property Protection Report", which comprehensively examines the platform's relevant measures and achievements in intellectual property protection. The report disclosed that in 2022, Douyin e-commerce established strict brand entry thresholds and verification requirements, cooperated to verify more than 14,000 registered trademarks, and intercepted more than 92,000 applications for forged or invalid authorization. As of the end of the year, the number of repeated infringements on the platform has decreased by 8%. (Tiktok e-commerce)

4. Yaowang Technology's "100 million quality assurance fund" was selected as an excellent case for consumer rights protection

On March 23, Yaowang Technology's "100 million quality assurance fund" was recently selected as an excellent case of the theme event of the "China Consumers" magazine "Do a good job in consumer rights protection, I help high-quality economic development". The 100 million yuan guarantee fund is used to upgrade the after-sales service in Yaowang's live broadcast room, only to provide consumers with an additional layer of after-sales service guarantee. In addition, Yaowang Technology has equipped every consumer with an efficient customer service team to protect the rights and interests of users in a timely manner. The official customer service account of "Yaowang Quality Operation" promises to pay first, and a 10-minute quick refund. (Yowang Technology Yowant)

Internet news

5. Tencent Holdings granted a total of 7.4217 million reward shares

On March 24, Tencent Holdings issued an announcement that on March 23, 2023, the rewards awarded to employee participants by the company under the terms of the share reward plan involved a total of 7.4217 million reward shares, accounting for approximately 0.0776% of the total number of issued shares on the date of this announcement. By granting rewards, the grantee owns shares, dividends and other distributions and/or value of the related shares, the grantee's interests are consistent with the interests of the group, and the contributions made by the grantee and attract and retain talents required for the group's continued operation and development. (Sina Hong Kong Stocks)

6. Faraday Future, a subsidiary of Jia Yueting, launches FF 91 Futurist, starts production countdown

On March 23, Faraday Future announced that it will launch a six-day countdown to welcome the start of production of its luxury model FF 91 Futurist on March 29, 2023, US time. The start of production on March 29, 2023 marks the final manufacturing milestone of FF 91 Futurist, the seventh milestone. Chen Xuefeng, global CEO of FF, said: "We have been moving towards the SOP milestone in recent months, thanking our team and investors and suppliers who have been working hard to support us. We are pleased to see the results of years of unremitting efforts and we are committed to achieving the only goal of bringing the luxurious FF 91 Future to the market." (FaradayFuture)

7. China Youzan's revenue in 2022 was 1.497 billion yuan in merchant transaction volume reached 101.4 billion yuan

According to reports on March 23, China Youzan released its performance report as of December 31, 20212. According to the financial report, the company's revenue in 2022 was 1.497 billion yuan, basically the same as last year, of which the subscription solution revenue and merchant solution revenue were 890 million yuan and 600 million yuan respectively. As of December 31, 2022, the number of paid merchants in Youzan in China exceeded 83,000. As of the year ended December 31, 2022, Youzan had a total of 1,952 employees, with sales and marketing personnel accounting for 54%, R&D and product personnel accounting for 27%, service operation personnel accounting for 14%, and functional and management personnel accounting for 5%. (China has a thumbs up)

8. Qian Dama Township Store officially opens to join

According to reports on March 23, after comprehensive market research and on-site store opening verification, Qian Auntie launched a new model of "Qian Auntie Township Store" for the sinking market, helping more consumers achieve freedom of buying vegetables at their doorstep. At present, Qian Dama Township Store has been launched in Yunfu Qianguan Town Store and Yunfu Liantan Second Store. According to reports, Qian Dama Township Store has brought the brand's previous experience and advantages in operating terminal stores in core key cities across the country to the retail of county-level townships, improving consumers' shopping experience, and truly bringing high-quality and high-priced products to consumers in county-level townships. (Official fresh food for Aunt Qian)

Cross-border newsletter

9. Amazon FLM remote delivery plan launches new feature "NARF Deal"

On March 23, Amazon FLM remote delivery plan recently launched a new feature NARF Deal, allowing NARF ASIN from the US site to report Deal events in Canada and Mexico to gain more exposure opportunities. With the help of the FBA remote delivery program, sellers can use FBA inventory stored in Amazon's US site operation center to sell goods to two major sites, Amazon Canada and Mexico, saving the hassle of managing inventory of three sites, cross-border transportation and import tariffs at the same time, thereby measuring the money at low cost and expanding the three major sites in North America. (Amazon Global Logistics)

10. Walmart will lay off hundreds of employees at five e-commerce order fulfillment centers in the United States

According to reports on March 24, Walmart announced that it would lay off hundreds of employees, affecting five e-commerce order fulfillment centers in the United States. Walmart requires employees who were laid off to find other positions within 90 days, otherwise they would have to leave. (Sina Technology)