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E-commerce newsletter
1. JD.com enters the real estate development industry
According to Tianyan Check information, JD.com does not only have one real estate development company. It also has a Shanghai Jingzhuo Qidi Commercial Management Co., Ltd., and is associated with it. It can be seen that JD.com, which already has experience in real estate project development and operation, may independently develop and operate this rental housing project with a total investment of over 6 billion yuan in the future. (Tianyan Check)
2. TikTok Life Service Releases the Institutional Rankings in April 2023
According to May 16, Douyin Life Service’s “Monthly Institution Ranking” in April 2023 was officially released recently. Institutions that successfully settle in the Douyin Life Service Institution Platform and pay the deposit can obtain different points by incubating experts of different levels, and sum up the level points of experts bound to the platform. The top 10 institutions will be included in this list. In addition, the institutions on the list include Xiao Players, Doujinjin, Miai Technology, Xinghao Media, Feiyang Media, Mo Yunyou World, and Jinggu Jingxiang. (TikTok Life Service Business Observation)
3. JD Health: Bird's nest category transaction volume increased by 265% year-on-year on Mother's Day
According to reports on May 16, JD Health data shows that from May 8 to May 14, health products for mothers were sold very well. On Mother's Day, the transaction volume of JD Healthy Comprehensive Dental Services increased by 20 times year-on-year, and the transaction volume of teeth cleaning services increased by 215% year-on-year. As a professional managed medical service under JD Health, JD Home Doctor has also launched the "Parent Care Year-round Edition Service" to help children monitor the health status of the elderly throughout the year. (Whip the Cow)
4. JD Gift Release One-stop Gift Customization Solution
On May 16, the JD Gift Partner Conference and the Digital Customization System Press Conference were held in Beijing today. At the press conference, JD Gifts joined hands with partners such as Yili, Midea, and COFCO to establish the "JD Gift Brand Alliance" and released a one-stop digital gift customization solution. According to reports, the one-stop digital gift solution solution released by JD.com mainly has four core service capabilities, namely digital customization services, set services, gift box packaging services and IP alliance service capabilities. (JD Blackboard Newspaper)
5. Make a friend and win two awards for Douyin e-commerce in 2023
According to May 16, the third Douyin E-commerce Ecological Conference was held in Guangzhou today. Wei Wenwen, president of Douyin e-commerce, disclosed that the platform's GMV has increased by more than 80% in the past year. Among them, the mall GMV increased by 277% year-on-year, the e-commerce search GMV increased by 159% year-on-year, and the shelf scene GMV accounted for more than 30% of the platform GMV. In the past year, the average daily viewing of Douyin e-commerce live broadcasts exceeded 2.9 billion times, the average daily search of e-commerce intentions exceeded 400 million times, and the platform sold more than 30 billion items throughout the year. (Jiaoge Friend Technology Co., Ltd.)
Internet news
6. Baidu CFO: Baidu will continue to invest unswervingly in the field of generative artificial intelligence
According to Baidu's first quarter financial report, Baidu CEO Robin Li said: We believe that the emergence of generative artificial intelligence and large language models has demonstrated the transformation potential of artificial intelligence in all walks of life. Baidu has launched Wenxin Yiyan in China, and we plan to steadily incorporate it into all our businesses. Baidu CFO Luo Rong said: In the next few quarters, Baidu will continue to unswervingly invest in the field of generative artificial intelligence. (Baidu)
7. Yixian E-commerce's revenue in the first quarter was RMB 765.4 million in the skin care sector's revenue increased by 34.2% year-on-year.
According to May 16, Yixian E-commerce released its first quarter financial report for 2023 as of March 31. Among them, the skin care business is the focus of strategic transformation and maintains strong growth momentum. In the first quarter of 2023, the skin care sector achieved revenue of 245 million yuan, a year-on-year increase of 34.2%, accounting for 32.0% of the total revenue, and has remained at a level of more than 30% of the total revenue for four consecutive quarters. The three major mid-to-high-end skin care brands, Galenic, EVE LOM and DR.WU, maintained rapid development, with revenue increasing by 59% year-on-year. Looking ahead, Yixian E-Commerce expects that the total net revenue in the second quarter of 2023 will reach 761.4 million yuan to 856.6 million yuan, a year-on-year decline of about 10% to 20%. (Yixian E-commerce)
8. Vipshop will announce its first quarter financial results for 2023 on May 23
On May 16, brand online discount retailer Vipshop recently announced that it plans to release its first quarter 2023 financial results before the opening of the US market on May 23, 2023. The company will hold a conference call on Tuesday, May 23, 2023 at 7:30 a.m. ET to discuss financial results. Previously, for the first quarter of 2023, Vipshop had predicted that its total net income would be between 25.2 billion yuan and 26.5 billion yuan, an increase of about 0% to 5% year-on-year. (Vippshop)
Cross-border newsletter
9. Google will delete inactive accounts starting from December
Google said Tuesday it would delete accounts that were not used for two years from December to prevent security threats such as hackers. If the Google account has not been used or logged in for at least two years, it may delete accounts and content in the Google workspace, including Gmail, Docs, Drive, Meet and Calendar, as well as YouTube and Google Photos, the company said. This policy change applies only to personal Google accounts and not to accounts of organizations such as schools or businesses. Starting Tuesday, Google will send multiple notifications to account email addresses and recovery emails for unactivated accounts before deletion. (ENECNEWS)
10. SHOPLINE launches "Partner Success Manual"
To help more partners understand and master the SHOPLINE Partner Program, SHOPLINE officially launched the "Partner Success Manual". The manual launched this time will elaborate on the SHOPLINE ecological entry guidelines, including cooperative ecosystem, front-end market development, subscription commission settlement, and specific government subsidy policies. Specifically, merchants can learn about the SHOPLINE logistics payment field through the manual, as well as the new partner programs that will be launched soon, such as GMV incentives, Lifetime commission income, promotion rebates, resource support and other support policies. (Yien.com)
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