#Laogao E-commerce Newsletter# [E-commerce Evening News on June 19]

Evening information:

1. JD Xu Ran: It will implement the three major strategies of sinking market, technical services, and international business;

2. During the period of Pinduoduo’s 618, the sales scale of home appliance brands in all categories increased by 113% year-on-year;

3. Xinxuan Group issued an internal letter of 618: It will start a new business in the new agricultural field;

4. According to reports, AliExpress will focus on Spain this year to increase its localization business;

5. 2023 Amazon Overseas Purchase 618 ended;

...

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E-commerce newsletter

1. JD.com's 618 Battle Report: Procurement of purchases of more than 100 million yuan for small and medium-sized enterprises

On June 19, JD.com's corporate business announced this year's 618 battle report. During the event, JD.com's corporate business "commodity + service" procurement volume increased steadily. JD.com's enterprise business has made purchase advances of more than 100 million yuan for small and medium-sized enterprises, reducing the comprehensive procurement costs of about 25% for small and medium-sized enterprises. In terms of enterprise production materials, the purchase amount of machine tools increased by 4.8 times year-on-year; the purchase amount of industrial power supplies increased by 4 times year-on-year; the purchase amount of automated parts increased by 270% year-on-year; and the purchase amount of laboratory equipment increased by 247% year-on-year. (JD Enterprise Business)

2. Xinxuan Group releases 618 internal letter: Will start a new business in the new agricultural field

On June 19, Xin Youzhi, chairman of Xinxuan Group, and Guan Qian, CEO of Xinxuan Group, jointly issued an internal letter after the mid-18 mid-18 promotion. It is reported that Guan Qian is the new CEO of Xinxuan Group in the first quarter of this year. In this year's internal letter, they revealed the important development direction of Xinxuan Group in the second half of the year - starting a new agricultural field again. According to public information, Xinxuan Group established "Xinxuan Education" to help rural areas cultivate e-commerce talents for free. Up to now, Xinxuan Education has traveled to Xinjiang, Xi'an, Harbin, Hainan and other places. (Meijing.com)

3. Kuaishou E-commerce 618 major promotion orders increased by nearly 40% year-on-year, and the number of buyers increased by nearly 30% year-on-year.

Recently, Kuaishou E-commerce released the 618 promotion report. Data shows that during the promotional event from June 1 to June 18, Kuaishou's e-commerce orders increased by nearly 40% year-on-year, and the number of buyers increased by nearly 30% year-on-year. The GMV of branded products increased by more than 200% year-on-year, the number of orders placed by short video trailers increased by nearly 210% year-on-year, and the GMV of search payment increased by nearly 130% year-on-year. (Tonghuashun)

4. During the period of Pinduoduo 618, the sales scale of home appliance brands in all categories increased by 113% year-on-year.

According to news on June 19, Pinduoduo released the 618 digital home appliance consumption trend. In the county market, the number of orders for new mobile phones increased by 130% year-on-year. In addition to mobile phones, the sales scale of home appliance brands in all categories increased by 113% year-on-year during this year's 618 period. Among them, air conditioners became the fastest-growing product in the home appliance category. Haier's official flagship store air conditioner category had a good start in 618 and saw a 968% year-on-year increase. Air conditioning products such as Midea, Gree, TCL, and Xiaomi also doubled their growth during the same period. During this year's 618, the trend of youthful home appliance consumption has been further highlighted, with the proportion of people born in the 1990s and 1995s in the consumer group increasing by 11% year-on-year. (China Economic Network)

5. JD Xu Ran: It will implement the three major strategies of sinking market, technical services and international business

According to June 19, after sending a letter from all employees on the morning of the 18th, on the afternoon of June 18, JD Group CEO Xu Ran explained for the first time how to specifically implement the "35711" dream at JD 20 "Laoyouhui" event, and will focus on three aspects: First, focus on the main channel and implement the three major strategies of sinking market, technical services, and international business; Second, abide by JD's business philosophy, and continuously optimize the management system and organizational mechanism; Third, consolidate the base of corporate value and inherit corporate culture. (JD.com)

Internet news

6. Tencent will create a one-stop industry mockup selection store

On June 19, at the Tencent Cloud Industry Big Model and Intelligent Application Technology Summit, Tencent Group Senior Executive Vice President and CEO of the Cloud and Smart Industry Business Group announced that Tencent Cloud MasS will create a one-stop selection of industry big model stores. According to reports, the big model selected stores cover ten major industries such as finance, culture and tourism, government affairs, media, and education, providing more than 50 solutions. Based on these capability models, customers only need to add their own unique scenario data to quickly generate their own exclusive models. (Sina Technology)

7. Meituan Taxi Beijing Company cancelled

According to news on June 19, Tianyan Check information showed that on June 13, the operating status of Beijing Lutuan Technology Co., Ltd. changed from existence to cancellation. The company was established in October 2021. The legal representative is Lin Chen, with a registered capital of RMB 5 million. Its business scope includes car rental, freight forwarding, online taxi booking services, etc. Shareholder information shows that the company is wholly owned by Shanghai Lutuan Technology Co., Ltd., the operator of Meituan Taxi. (Tianyan Check)

Cross-border newsletter

8. Southeast Asian e-commerce GMV may reach US$175 billion in 2028

According to the latest report from MomentumWorks, Southeast Asian e-commerce GMV grew 1.8 times to US$99.5 billion in 2022. The report predicts that under normal circumstances, Southeast Asian e-commerce GMV will reach US$175 billion in 2028. Among the GMV structure of e-commerce in six Southeast Asian countries, Indonesia's market accounts for 52.1%, at US$51.9 billion; followed by Thailand's US$14.4 billion (14.5%), Philippines' US$11.5 billion (11.5%), Vietnam's US$9 billion (9.1%), Malaysia's US$8.7 billion (8.7%), and Singapore's US$4 billion (4.1%). Among them, Singapore and Malaysia are the leading markets in the per capita GMV index. The report shows that the total commodity value (GMV) of the nine major Southeast Asian platforms in 2022 is still increasing by 14% compared with 2021. Shopee leads with a total GMV of $47.9 billion, followed by Lazada's $20.1 billion, Tokepedia's $18.4 billion and TikTokShop's GMV of $4.4 billion. (ENECNEWS)

9. 2023 Amazon Overseas Purchase 618 ended

Today, the 2023 Amazon Overseas Purchase 618 mid-year promotion has come to an end. During the peak period of 2023, Amazon's overseas shopping sales increased by more than 50% year-on-year. Among them, Amazon's overseas shopping WeChat mini-program sales exceeded 3 times last year, sales of six major categories doubled, and new users increased by more than 50% year-on-year, showing strong high-quality growth vitality. It is reported that this year, Amazon's overseas shopping 618 promotion will be launched on May 30, joining forces with many international first-tier and niche brands to cover all categories of products, helping Chinese consumers to buy the world with confidence in one stop. (Yien.com)

10. News says AliExpress will focus on Spain this year

According to the news on June 19, according to Leifeng.com exclusively, AliExpress is increasing its localization business and will focus on Spain this year. Currently, AliExpress is introducing more supply locally and launching local returns services in Madrid, Spain as its first stop. (Leifeng.com)