#Laogao E-commerce Newsletter# [June 21 E-commerce Morning Newsletter]

Morning information:

1. The final battle report of Douyin 618 Good Things Festival was announced: Douyin Mall’s payment GMV increased by 178% year-on-year;

2. JD.com released its 2022 ESG report: it will invest more than 3 trillion yuan in front-line employees' salaries and benefits;

3. Alibaba Zhang Yong talks about artificial intelligence: it will make the old industry disappear, but new industries will also appear;

4. The Leijun Technology Building was completed and unveiled today, with a value of 99.999999 million yuan;

5. AliExpress Cainiao Logistics reduces its price and expands new routes in 9 countries;

...

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

E-commerce newsletter

1. The final battle report of Douyin 618 Good Things Festival was announced: Douyin Mall payment GMV increased by 178% year-on-year

During the event, the GMV of Douyin e-commerce payments increased by 70% compared with the same period last year of 618, the number of active goods sold increased by 57% compared with the same period last year of 618, and 486 products with transaction volume exceeding 10 million. The sales of goods for key goods pools were particularly prominent, and the average daily payment GMV of related goods increased by 208% compared with the daily period. It is worth noting that the shelf yard has a significant boost to the promotion business, and the number of payment GMV and payment users in Douyin Mall increased by 178% and 126% respectively compared with the same period last year. (Douyin e-commerce marketing observation)

2. JD.com releases 2022 ESG report: More than 3 trillion yuan will be invested in front-line employees' salaries and benefits

On June 20, JD.com released the "2022 Environmental, Social and Governance Report". Looking to the next twenty years, JD.com has proposed to move towards the "35711" dream. The report shows that JD.com has installed distributed photovoltaic power generation systems in 23 smart industrial parks, and has built a power generation system capacity of 132.5 megawatts, and achieved 81,970 megawatt hours of green power application by 2022. JD.com's front-line employees have exceeded 370,000, and the salary and benefits provided to front-line logistics employees in 2022 exceed 44.6 billion yuan. In the past five years, JD Retail’s cumulative investment in user services has reached nearly 80 billion yuan. (JD.com)

3. JD.com's former general Yan Xiaobing returns to the General Department

On June 20, "Wall Street Technology Eye" learned that Yan Xiaobing has officially joined the company recently and will temporarily report it to JD.com Vice President He Hui in the HR system. It is understood that the specific business scope of Yan Xiaobing’s responsibility has not been finalized, so he is temporarily affiliated with the General Department and may be responsible for local life business in the future. On December 7, 2021, Yan Xiaobing, head of JD International, JD.com Group, proposed to retire after the Spring Festival in 2022 due to family and physical reasons. (Wall Street Technology Eye)

Internet news

4. Lei Jun Technology Building is completed and unveiled today, with a value of 99.9999999 million yuan

According to June 20, Wuhan University held its 2023 graduation ceremony today. As an alumnus of Wuhan University, Xiaomi CEO Lei Jun attended the ceremony and delivered a speech. In addition to attending the ceremony, today is very commemorative for Lei Jun. The building donated by Lei Jun 7 years ago was unveiled. Liu Lingdi, deputy general manager of Xiaomi Group’s Wuhan Headquarters, learned from Weibo that Wuhan University held the completion and unveiling ceremony of the “Leijun Science and Technology Building” today. It is understood that in October 2016, the signing ceremony for Lei Jun donating the construction of the Wuhan University Science and Technology Building was held at the Beijing headquarters of Kingsoft Software Company. At that time, Lei Jun donated 99.999999 million yuan to build the science and technology building. (Quick Technology)

5. Didi Freight invests tens of millions of yuan to launch an anniversary discount event

On June 20, Didi Freight plans to invest tens of millions of yuan to launch a 3-year discount event, and launch the "30% off order" event in 26 cities including Chengdu, Chongqing, Hangzhou, etc., covering four categories: complete vehicle delivery, small items quick delivery, small loads of goods, and worry-free moving. Didi freight anniversary celebrations, and multiple incentive activities were launched on the driver's side. Before the end of June, every time a driver invites a friend to become a Didi freight driver, he will receive a cash reward of 50 yuan; different cities will also launch multiple superimposed driver incentive activities in real time. (Titanium Geek)

6. Alibaba Zhang Yong talks about artificial intelligence: it will make the old industry disappear, but new industries will also appear

According to June 20, at the 2023 Alibaba Luohan Hall Digital Economy Annual Meeting held this morning, Zhang Yong attended and had a dialogue with three Nobel Prize winners. It is understood that Alibaba announced today that Zhang Yong has stepped down as chairman and CEO of the group's board of directors, and will then serve as the chairman and CEO of Alibaba Cloud Intelligent Group, focusing on the development of Alibaba Cloud. (Sina Finance)

7. Suning Quick Repair opens its 200th store

On June 20, Suning Quick Repair's 200th store opened in Hefei, Anhui recently. It is reported that during the 618 period, Suning Quick Repair has launched 10 stores in 6 cities across the country, launching its own brand batteries, promising that users can replace the battery with a health level of less than 80% within one year. They can be refilled for quality problems such as battery leakage and bulging within five years. Suning Quick Repair customized batteries can be replaced from 99 yuan; in addition, multiple discounts such as mobile phone repair coupons and product discount coupons are launched. Data shows that Suning Quick Repair's overall sales increased by 49% year-on-year, and the store's customer flow increased by more than 50% simultaneously. The proportion of customers who achieved online traffic on platforms such as Meituan, Tmall, and Suning.com reached 40%. (Oriental Fortune Network)

Cross-border newsletter

8. Shopify's new upgrade to Markets Pro helps sellers sell in more than 150 countries

On June 20, Shopify has made a new upgrade to Markets Pro in order to help merchants easily open up more markets. Merchants who activate Markets Pro will now benefit from this system automatic configuration, and their market and delivery settings will be automatically changed to 150+ countries supported by Markets Pro. At the same time, activating Markets Pro will affect all markets for sellers, and sellers cannot activate or deactivate Markets Pro for specific markets. At this stage, Shopify Markets Pro is an early access version and is only available to specific merchants. (Shopify)

9. MyyShop, a subsidiary of Dunhuang.com, will debut at the American celebrity conference VidCon

June 20th news, the annual American Red Man Conference will be held at the Anaheim Convention Center in Los Angeles, USA from June 21 to 24th. At this grand event, MyyShop will set up a booth at No. 811, the main exhibition area on the first floor of the Anaheim Convention and Exhibition Center, which has the largest traffic, to display MyyShop Internet celebrity joint products and DH showroom excellent products, and set up an Internet celebrity interactive area to invite millions of fans to communicate with the audience on the spot. On the afternoon of June 22, MyyShop will also hold a keynote speech on "Monetize your influence through MyyShop" in the Internet celebrity interactive area on the second floor of the Convention and Exhibition Center. (Dunhuang.com)

10. AliExpress Cainiao Logistics cuts prices to expand new routes in 9 countries

According to June 20, in order to better serve all merchants, alleviate the cost pressure of merchants, and enhance the competitiveness of goods in overseas markets, AliExpress has now lowered the freight of the "Cainiao Special Line - Super Economy" route. Sellers can adjust the shipping template configuration as needed. In addition, for the charging and collection services, namely the value-added service of "Cainiao remote area collection services", the billing rule is added, that is, the billing rule is changed to: the billing weight is the larger of the volume weight* and the actual weight. Starting from 0:00 on June 26, 2023, online shipping logistics orders created by sellers will be settled and billed in accordance with the new billing rules. (AliExpress Straw Hat)