#Laogao E-commerce Newsletter# [May 26 E-commerce Evening News Brief]

Evening information:

1. The 2023 China online retail list is announced: JD.com, Alibaba and Vipshop are among the top three;

2. 618 Taobao Good Price Festival starts investment;

3. Taobao shopping cart merged payment function upgrade: support 120 items to place orders at the same time;

4. The average verification rate of Douyin mini program open verification tool solution increased by nearly 2.29%;

5. The B2B platform of China-Africa cross-border e-commerce on the Asia-Africa Silk Road will be launched;

...

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

E-commerce newsletter

1. JD.com: As of 24:00 on May 25, the number of pre-sale goods per capita purchased and sold increased by more than 30% year-on-year

On May 26, the curtain of JD.com 618 opened, and pre-sales were launched at 8 pm on May 23, 2023. As of 24:00 on May 25, the number of pre-sale goods purchased per capita increased by more than 30% year-on-year, and the amount of pre-sale orders in county and rural markets increased by more than 40% year-on-year. As of 24:00 on the 25th, the sales of foldable screen mobile phones increased by more than 3 times year-on-year, and the sales of carrier contract mobile phones increased by more than 80% year-on-year. According to JD International data, JD 618 pre-sale has been launched for 4 hours, and the order amounts of cross-border maternal and infant, cross-border clothing and underwear, cross-border automotive supplies, cross-border mobile phone communication and other categories have increased by more than 100% year-on-year. (JD Blackboard Newspaper)

2. 618 Taobao Good Price Festival starts investment

On May 26, Taobao 618 launched the "Taobao Good Price Festival" exclusive to small and medium-sized merchants for the first time this year. It has officially started the hot investment in 12 cities, and millions of small and medium-sized merchants have actively signed up. This time, the investment promotion pays special attention to small and medium-sized businesses in the industrial belt, and cooperates with Taobao factories to help them do simple business on Taobao. In addition, this year, 618 launched three exclusive development plans for large and medium-sized businesses: a 2 billion advertising subsidy plan, an AI intelligent efficiency improvement plan, and a business guarantee plan. In the full cycle of 618 this year, low-priced products on the entire network and low-priced products will be marked and recommended on the search end for consumers to quickly choose and buy. (NetEase News)

3. The 2023 China Online Retail List was announced: JD.com, Alibaba and Vipshop ranked in the top three

On May 26, the China Chain Business Association and Deloitte jointly released the 2023 China's Top 100 Online Retail List. Among them, JD.com, Alibaba and Vipshop rank in the top three. In 2022, the policies to expand domestic demand and promote consumption will continue to show resilience to promote the development of online retail. China's online retail sales reached 13.79 trillion yuan in 2022, a year-on-year increase of 4%. The total sales of the top 100 online retail companies exceeded 2 trillion yuan, an increase of 13.19% year-on-year. Among them, online sales from the top 20 companies accounted for more than 90%, and the threshold for online sales of the top 100 companies rose to 500 million yuan. (China Chain Business Association)

4. Taobao shopping cart merged payment function upgrade: support 120 items to place orders at the same time

On May 26, before the 618 starts sale, another Taobao product function has been upgraded. Previously, Taobao has expanded the number of goods that can be loaded in shopping carts from 120 to 300, solving users' demand for super large shopping carts. This time, Taobao shopping cart merged payment function has also been upgraded, supporting orders for more than 120 products at the same time. Taobao waiter told reporters that since Taobao 618 will launch 88VIP large-scale consumption coupons, many users reported to customer service that only 50 products placed orders at the same time, and they may be dissatisfied. "We are trying to solve the experience problems of this part of users by combining shopping carts, hoping to solve the experience problems of this part of users." (Music City)

5. The average verification rate of Douyin mini program open verification tool solution increases by nearly 2.29%

On May 26, Douyin mini-programs follow the business trends of the life service industry and have opened up Douyin mini-program verification tool solutions to help bio-service merchants better solve the verification problem and improve operating efficiency. According to reports, the write-off tool is a tool in which consumers can directly check the group purchase coupons in the Douyin mini program after purchasing group purchase coupons on Douyin. For example, for tea merchants, consumers can freely choose whether to add small ingredients, how many sugar to add, when writing off group purchase coupons, checking the progress of queues, and other personalized consumption needs. It is reported that after accessing the plan, the average write-off rate of participating merchants increased by nearly 2.29%. (Douyin Open Platform)

6. The 1688 freight insurance claims rules are upgraded and the insurance period is adjusted to 90 days after the date of shipment

On May 26, Pacific Property Insurance Co., Ltd. recently issued a notice on the 1688 platform stating that in order to provide platform buyers with a better freight insurance claim service experience, China Pacific Property Insurance Co., Ltd. will adjust and upgrade the claims rules for freight insurance on the 1688 platform starting from June 1, 2023. Before the change, the freight insurance insurance period is the insurance period for the policy under this agreement from the time Party A declares online to ship the order until the order transaction is successful (or closed). After the change, the freight insurance period is the insurance period of each policy from the date of shipment by the seller and ends 90 days after the date of shipment. (1688 Rules Center)

Internet news

7. Tuniu: More parent-child tourists choose self-driving and free travel methods

从今年六一亲子游预订数据来看，北京、上海、南京、广州、成都、厦门、无锡、沈阳、西安、南昌等地出游人次位列“六一亲子游热门客源地”榜单前列。分性别来看，在六一亲子游产品预订用户中，女性占比接近七成。年龄方面，80后、90后年轻父母是亲子游的消费主力，出游人次占比接近成年出游人次的80%。（品橙旅游）

8. Guolian Co., Ltd. releases ESG report for 2022

On May 26, Guolian Co., Ltd. reviewed and approved the "2022 Environmental, Social and Governance Report" on May 24, 2023. The report pointed out that Guolian Co., Ltd. insists on green development, leverages the advantages of platform and technology, and helps cooperative cloud factories to undergo digital transformation through functions such as metrology optimization and upgrading, energy data collection, energy statistics balance, and energy optimization and utilization, so as to gradually reduce its comprehensive carbon emissions. Through the "digital technology + digital factory" model, Guolian Co., Ltd. has helped more than a dozen titanium industry chain companies to increase production efficiency by 15-30%, reduce equipment downtime by 30-50%, and reduce energy consumption by 5-10%. (Guolian Co., Ltd.)

Cross-border newsletter

9. The Asian and African Silk Road China-Africa cross-border e-commerce B2B platform is launched

It is reported that the establishment of this platform will be the only one-stop cross-border service platform for China-Africa supported by the Embassy of African countries in my country, the Ministry of Trade and Industry of African countries and the China-Africa Trade Association, aiming to promote trade, investment and cooperation between China and African countries, and even the world. The Asia-Africa Silk Road, in conjunction with nearly 1 million companies from the Ministry of Trade and Industry of African countries, including Zimbabwe, Gabon, Morocco, Tanzania, Gambia, Sierra Leone, and more than 1 million companies will become the procurement customers of the "China-Africa Cross-border E-commerce B2B Platform". (Asia and Africa Business Center)

10. Ozon's GMV in the first quarter of this year reached 303 billion rubles and increased by 71% year-on-year

According to May 26, Ozon recently announced its unaudited financial and operating results for the first quarter of 2023. According to the financial report, Ozon's GMV in the first quarter increased by 71% year-on-year to 303 billion rubles, mainly driven by the strong performance of Ozon Marketplace, while the total year-on-year growth of 1P commodity trading volume in the first quarter of 2023 was basically the same. In the first quarter, the number of Ozon orders increased to 93% year-on-year. As of March 31, 2023, the number of active buyers increased to 37 million. During the reporting period, Ozon achieved a year-on-year increase of 47% to 93.25 billion rubles, of which service revenue increased by 120% in the first quarter of 2023. (Ozon)