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#Laogao E-commerce Newsletter# [E-commerce Evening News on June 26]

2023-06-26

Evening information:


1. Li Yanhong, Zhou Hongyi and Zhang Yong gathered together in Confucius' former residence Zhou Hongyi: three old friends have the same views on AI security;

2. During the 618 period, Shenzhen’s online retail sales increased by 16.5% year-on-year, and the total volume reached 108.9 billion yuan;

3. Taobao launches a "limited-time flash sale" event to help small and medium-sized merchants increase the volume of products;

4. The Mexican station Prime Day will hold an event from July 11 to 16 for 6 days;

5. AliExpress will adjust the logistics and delivery policy to be implemented on June 28;

...


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1. Make a friend to refute the rumors. Luo Yonghao is finally rumored: he is still working hard.


On June 26, Douyin's "Live Broadcasting Selection" account released a video with the caption "Luo Yonghao, who has paid off his debts, has finally straightened his back." On the same day, a relevant person in charge of the company in the live broadcast room responded, "The news of Luo Yonghao paying off his debts is untrue. Teacher Luo is still working hard and will pay off his debts as soon as possible." The above-mentioned person in charge also said that he would communicate with the authorized account to remove the relevant videos. (Make a friend and live broadcast selection)


2. Taobao launches "limited-time flash sale" event for daily special sale to help small and medium-sized merchants increase the volume of products


On June 26, Taobao Small and Medium Enterprise Development Center provides Taobao's high-price limited-time flash sale activities for small and medium-sized merchants. After successful registration, you can enjoy a limited-time 4-hour discount time and a short-term discount tool for limited inventory. There is also a separate venue to display products and obtain exclusive traffic. The current event is limited to commission-free, the first N flash sale price is not included in the minimum transaction price, and the sales volume is included in the main search. The activity resource position is the first two columns of the Tiantian Special Sales Platform, divided into 10 am and 8 pm every day. There are two games every day at 10:20:00, each game is 24 hours a day. (Qianniu Headlines)


3. During the 618 period, Shenzhen's online retail sales increased by 16.5% year-on-year, with a total volume of 108.9 billion yuan.


According to June 26, during the 618 period, the Shenzhen Municipal Bureau of Commerce mobilized major e-commerce platforms and brand enterprises to hold various promotional activities to create a city-wide coordinated consumption boom. According to Inspur's third-party big data statistics, Shenzhen's online retail sales increased by 16.5% year-on-year during the event, with a total volume of 108.9 billion yuan. According to the relevant person in charge of Taobao Live, more than 9,000 Shenzhen merchants appeared in Taobao live broadcast rooms during the event, covering multiple categories such as jewelry, mid-to-high-end women's clothing, home decoration and home furnishings, daily necessities, and other categories, among which only jewelry and mid-to-high-end women's clothing sales were nearly 800 million. (Shenzhen Business)


Internet news


4. Li Yanhong, Zhou Hongyi and Zhang Yong gather together with Confucius' former residence Zhou Hongyi: Three old friends agree on AI security


On June 26, at the Nishan Forum of the World Internet Conference held today, three Internet tycoons Li Yanhong, Zhou Hongyi and Zhang Yong gathered in Confucius' hometown. According to the updates released by Zhou Hongyi, founder of 360, Li Yanhong, Zhou Hongyi and Zhang Yong gathered together to raise their glasses and chatted and laughed. Zhou Hongyi said, "The three old friends have the same views on how to create safe, reliable, controllable and easy-to-use artificial intelligence in Confucius' hometown." (Sina Technology)


5. Jitu Express hires UBS, China Construction Bank and China Merchants Bank as the overall coordinator of Hong Kong IPO listing


On June 26, J&T Global Express Limited announced that it would further appoint UBS AG Hong Kong Branch as its financial advisor and overall coordinator, China Construction Bank International Finance Co., Ltd. and China Merchants Bank International Financing Co., Ltd. as its overall coordinator. As of the date of announcement, Jitu Express has appointed Morgan Stanley, Merrill Lynch and CICC as its co-sponsors and overall coordinators, UBS as its financial advisor and overall coordinator, and China Construction Bank International and China Merchants Bank International as its overall coordinators. (Jitu Express)


6. Xiaohongshu invests in MStand Coffee


According to the news on June 26, Tianyancha App showed that recently, Shanghai Aicha Catering Management Co., Ltd., a coffee affiliated company, has undergone industrial and commercial changes, with shareholders adding Xiaohongshu Technology Co., Ltd. and Yiran Technology Co., Ltd.; the registered capital increased from about 1.708 million yuan to about 1.791 million yuan; the business scope has added food sales, cosmetics retail, Internet sales, etc. Shanghai Aicha Catering Management Co., Ltd. was established in June 2017. The legal representative is Ge Dong, which is jointly held by Ge Dong, Macchiato Holdings Co., Ltd. and others. Recently, the company completed a B+ round of financing led by Xiaohongshu. (Tianyan Check)


7. Zou Guoqing, Global CEO of New Egg Group: AI will bring many opportunities and will also face some challenges.


On June 26, Zou Guoqing, global CEO of New Egg Group, said in an exclusive interview with China Fortune Network recently that in the future, New Egg Group will introduce AI to develop intelligent customer service systems and online consultation platforms to realize automated customer service and question answers, and provide faster and more accurate response. In addition, Xine Group will continue to explore the application of AI in the fields of intelligent warehousing and logistics management, risk control and anti-fraud, as well as data analysis and intelligent recommendation. AI will bring many opportunities and will also face some challenges. (Newegg New Egg opens a multinational store)


Cross-border newsletter


8. Shopee opens UnionPay card payment in Thailand sites and APPs to support the use of local UnionPay cards


On June 26, UnionPay International announced today that it will cooperate with the well-known e-commerce platform Shopee to take the lead in opening the latter's Thai sites and APP to support locally issued UnionPay cards. According to reports, the implementation of UnionPay International's cooperation with Shopee is another positive progress in the construction of an online acceptance environment in the Thai market, further improving the payment service capabilities for local residents. Shopee is a world-renowned e-commerce platform and one of the most popular online shopping platforms for Thai consumers. This time, Shopee Thailand Station and food delivery service ShopeeFood supports UnionPay cards, further enriching the use scenarios of UnionPay cards for cardholders in daily online consumption. (UniversalPay International)


9. AliExpress adjusts logistics and delivery policy to implement on June 28


On June 26, AliExpress recently announced that it will optimize its shipment logistics policy: from the transaction orders shipped in China, when an order contains multiple products, merchants need to ship a corresponding level of line based on the total amount of the package for shipment. This adjustment will be implemented one after another on June 28, 2023. Merchants are requested to adjust the relevant shipping process in advance. It should be noted that merchants can query the corresponding logistics level from China's shipping lines in the merchant's backend "Logistics-AliExpress Logistics Introduction-All Platforms Support Lines". (AliExpress)


10. Prime Day, Mexico Station, will hold an event from July 11 to 16 for 6 days


According to June 26, the 2023 Amazon Prime Day will be held in Mexico from July 11 to 16. This new service is to achieve free same-day delivery for Prime members in 10 cities, next-day delivery in more than 80 cities, and two-day delivery in other parts of the country. Amazon Mexico said all this logistics work is not only to provide customers with the best shopping experience, but also to prioritize the “health, safety and well-being” of its team. (Amazon Seller Forum)


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