#Laogao E-commerce Newsletter# [June 9 E-commerce Morning Newsletter]

Morning information:

1. The Douyin open platform officially launched the "General Solution for Transaction Mini Programs";

2. Chen Duye, vice president of Juliang Engine, was transferred to Douyin Entertainment;

3. 28 units including JD.com, Alibaba, Amazon, etc. have become the first batch of members of the "co-building of a new cross-border e-commerce ecosystem in the capital";

4. The sales of Lazada 6.6 sales increased by more than 50 times in the 6 minutes before the start of the sales period on weekdays;

5. Shopify management system launches a new B2B product catalog section;

...

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

E-commerce newsletter

1. Douyin Open Platform officially launches "Common Solution for Transaction Mini Programs"

On June 8, Douyin Open Platform officially launched the "Common Solution for Transaction Mini Programs" to help developers solve the full-link problems such as mini program development, payment capability access, and shelves operation in one-stop, and improve the efficiency of mini program operation and monetization. Trading solutions are small program developers who hope to realize transaction operations and complete transaction performance within the Douyin mini program within the industry category with open trading capabilities. (Douyin Open Platform)

2. Chen Duye, vice president of Juliang Engine, was transferred to Douyin Entertainment

According to June 9, Tech Planet learned that Chen Duye, who is the vice president of marketing at Juliang Engine, has transferred to Douyin to be responsible for Douyin's entertainment business. After Chen Duye joined Byte, he has been engaged in commercialization. Subsequently, Chen Duye was promoted to vice president of marketing of Juliang Engine, and Juliang Engine at this time has become an important department for the commercialization of Byte Ecosystem. After serving as Vice President of Marketing of Juliang Engine, Chen Duye frequently appeared in important businesses such as Toutiao, Chedi, and Douyin, telling about Juliang Engine's marketing gameplay and planning in these businesses. (Tech Planet)

Internet news

3. Torrid, a large-size women's clothing brand, sold US$290 million in Q1 fiscal year, down 11.8%.

Torrid, a top-size women's clothing brand, recently released its financial report for the first quarter of fiscal year 2023. According to the financial report, Torrid's sales in the first quarter were US$290 million, a year-on-year decrease of 11.8% compared with the first quarter of last year. Torrid's first quarter financial report highlights for the first quarter of fiscal 2023 are as follows: gross profit margin was 37.7%, compared with 39.0% in the first quarter of last year; net income was $11.8 million, or $0.11 per share; net income in the first quarter of last year was $24.1 million, or $0.23 per share; adjusted EBITDA was $38.3 million, accounting for 13.0% of net sales; EBITDA was $51.8 million, accounting for 15.5% of net sales; 5 Torrid stores were opened and 6 were closed, with a total of 638 stores at the end of the quarter. (ENECNEWS)

4. Faraday Future holds the first "FF Developers Co-creation" event to announce FF 91 owners

On June 9, the first "FF Developer Co-creation" event of Faraday Future, a subsidiary of Jia Yueting, was held at Willow Springs International Racing Park on June 7, Beijing time, and also announced the second and third owners of FF 91 2.0 Futurist Alliance. According to reports, these three car owners have already or are considering joining the FF car owner and developer co-creation project. Together, they provide long-term support for FF's product design, development and improvement, as well as brand marketing, sales and user acquisition. (FF China)

5. Dong Mingzhu: The information I received back says that Gree mobile phones are very good

According to June 9, in a conversation with Sina Finance recently, Gree Electric Chairman Dong Mingzhu talked about Gree mobile phones. She said that Gree is still making mobile phones. "Gree Electric is a listed company. I did not announce that I would not make mobile phones, which proves that I am still doing it." She also emphasized that Gree is not making mobile phones to make money, but to make Gree consumers more convenient. "Because the feedback information is that Gree mobile phones are particularly good. First of all, the phone is ultra-thin, and secondly, in addition to its functionality, the most important thing is to be combined with all home appliances," she said. (Sina Finance)

6. Grace, a dialogue-based AI project byte internal test

On June 9th, Tech Planet learned that ByteDance is testing an AI dialogue product internally, currently temporarily called "Grace", and the product is in the stage of testing and improvement. This means that bytes officially entered the big model craze at this time, and developed products and applications based on big model research and development. Industry insiders analyzed that according to the general cycle of product testing, the project may start testing to the outside world in 2 months. (Tech Planet)

7. YTO Express adjusts the exercise price of the second stock option incentive plan

According to June 8, YTO Express Co., Ltd. recently issued an announcement on adjusting the exercise price of the second stock option incentive plan. The announcement shows that the adjustment method is P=P0-V, where P0 is the exercise price before adjustment, V is the dividend amount per share; P is the adjusted exercise price, and after the dividend adjustment, P must still be greater than 1. According to the authorization of the company's 2021 Annual General Meeting of Shareholders, the company's board of directors adjusted the exercise price of the second stock option incentive plan, that is, P=P0-V, where P0 is 16.03 yuan/share and V is 0.25 yuan/share. (Yotong Express)

Cross-border newsletter

8. Lazada's 6.6 sales increased by more than 50 times in the 6 minutes before the start of sales compared with the same period on weekdays

Southeast Asian e-commerce platform Lazada mid-year SUPER WOW promotion ended. Data shows that 6 minutes before the start of sales, Lazada platform sales increased by more than 50 times compared with the same period on weekdays; at 6 a.m. on June 6, Thai consumers were the first to sign the first order for this big promotion. The sales of makeup brand Hua Xizi in Thailand rose by 700% compared with Lazada's birthday promotion in March this year. (Yien.com)

9. JD.com, Alibaba, Amazon and other 28 units have become the first batch of members of the "Co-built the Capital's new cross-border e-commerce ecosystem"

The series of activities "Co-building a new cross-border e-commerce ecosystem in the capital" supported by relevant departments were officially launched in Beijing recently. 28 units including JD.com, Alibaba, and Amazon were invited to become the first batch of co-construction units. It is reported that this event integrates the full-chain ecological resources of "custody, foreign exchange, tax, commerce, goods and finance", and has focused on nearly 100 units including cross-border e-commerce platforms, industrial parks, import and export enterprises, service institutions, industry associations, etc., with a total of more than 170 people attending the launching ceremony.

10. Shopify Management System launches a new B2B product catalog section

On June 8, the Shopify management system has launched a new B2B product catalog section. The catalog consists of three B2B functions - a price list, quantity rules and release customer-specific products. The characteristics of the B2B product catalog are: after creating the B2B product catalog, set specific product prices for B2B customers; set overall adjustments to set the percentage of product price increase or decrease; set fixed prices that are only applicable to specific products; the number of store product catalogs is not limited, each company has up to 25 product catalogs; the price of the same product in multiple product catalogs is different, and the system will display the lowest set price of the product. (Shopify e-commerce independent site service number)