#Laogao E-commerce Newsletter# [E-commerce Morning News on July 3]

Morning information:

1. Yu Minhong said that he doesn’t feel tired after working 16 hours a day;

2. Taobao added the "Content MCN Organization Management Specifications";

3. A luxury house in Shanghai was sold at a sky-high price of 158 million yuan or won by the founder of Dewu;

4. eBay Ads: Young people are more interested in second-hand electronic products;

5. Changes in Amazon's front desk search page: Some products have added "More Like This" function;

...

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

E-commerce newsletter

1. Taobao added "Content MCN Organization Management Specifications"

On July 2, Taobao platform recently issued a public notice on the addition of the "Content MCN Organization Management Specifications". The change of the rules will be announced on June 30, 2023 and will officially take effect on July 8, 2023. This time, all the content of the "Content MCN Institution Management Specifications" was added; the citation clauses of * "Special Explanation" in Article 5 of the "MCN Institution Operation Index Assessment" of the "MCN Institution Operation Index Assessment" were optimized and revised; and the contribution standard for the MCN institution's RMB 20,000 in the "Taobao Live Broadcast Institution Margin Management Rules" was added. (Taobao platform rules)

2. WeChat Pay is re-listed for free withdrawal of 1,000 yuan and 2,000 yuan

On July 2, WeChat Pay has a discount mini program that has been re-listed for free withdrawal of 1,000 yuan and 2,000 yuan. Currently, there are 3 quotas available: 100 yuan quota 1 gold coin; 1,000 yuan quota 10 gold coin; 2,000 yuan quota 20 gold coin. Gold coin rewards are counted weekly, and the statistics are from 00:00 to 23:59 on Monday; you need to use WeChat payment to spend at the merchant and the single consumption amount is more than 1 yuan; there are more than 3 WeChat payment consumption transactions under the same merchant on the same day, and the gold coin reward will be calculated based on 3 times. (IT Home)

Internet news

3. Alibaba Cloud and Shendian Cloud reach strategic cooperation

On July 3, according to the official Weibo of Shendian Cloud, recently, a group of Alibaba Cloud Computing Co., Ltd., a Shanghai pan-enterprise team visited Shanghai Shendian Cloud Digital Technology Co., Ltd., and the two parties conducted exchanges and discussions on the fields of rail transit and cloud computing, and conducted further discussions on the content of the signed cooperation agreement. According to the content of the agreement, the two parties will carry out special exchanges and cooperation in the fields of enterprise data middle platform, intelligent innovation scenarios, business sharing capabilities, and intelligent equipment operation and maintenance. (Shendian Cloud)

4. A luxury house in Shanghai cost 158 ​​million yuan or won by the founder of Dewu

The JD Real Estate Auction Page shows that the "2501-room house, No. 7, Lane 566, Zhongshan South Road, Shanghai and 1130 and 1132 parking spaces on the 2nd floor of the underground" was sold at a price of 158 million yuan, a premium of 26.4% over the starting price of 125 million yuan. The residential building is located in Huangpu Bay, a well-known luxury house in Shanghai. Based on the transaction price, the unit price of this residential house was 344,000 yuan/square meter, setting a new high in transactions in Greentown Huangpu Bay. An intermediary specializing in luxury home trading said that the bidder is likely to be Yang Bing, the founder of Dewu. "I heard that he wanted to buy a house before, and he is also from Jiangxi. The former landlord and disposal unit are also located in Jiangxi." (Red Star News)

5. Yu Minhong said that he doesn't feel tired after working 16 hours a day

On July 2, New Oriental founder Yu Minhong said at an event a few days ago: "Many netizens asked me why I am so excited. On the one hand, it may be because I have better endurance in doing farm work since I was a child. I still pay more attention to physical exercise. So far, I still don't feel tired after working for 16 hours a day." In addition, Yu Minhong also said that on the other hand, there is an internal motivation, because his work is not only what he likes to do, but also valuable and meaningful things. (Whip the Cow)

6. Yu Minhong said that if you want to grow, you need to find a job you like

On July 2, Yu Minhong said in his speech about "How do we grow up in our lives" and said, "We must find a job we like and constantly learn from people who are better than you." He said that we should find great people around us, learn from the best classmates and teachers, and find the best people at work to worship him as our teacher. (Boss Broadcast)

Cross-border newsletter

7. Amazon China Jin Yanzhen: Brand innovation and technology overseas have become a cross-border e-commerce trend

On July 2, Jin Yanzhen, vice president of Amazon China and head of China seller management at Amazon Global Store Opening, recently shared her observations on the development trend of cross-border e-commerce to media including Times Weekly. Jin Yanzhen introduced that Chinese sellers have great room for growth, mainly with four "new additions": global brands, product innovation, global layout, and diversified businesses. On Amazon, sellers with technological attributes are growing very fast. Chinese sellers are paying more and more attention to technological research and development and technological innovation. In addition, she mentioned that industrial belt development is something that Amazon attaches great importance to when opening stores around the world. (Time Weekly)

8. Temu urgently recruits US risk control compliance executives

On July 2, media reported that Temu is seeking to recruit a compliance officer in the United States. Another job information shows that the company is also looking for a lawyer who specializes in trade compliance to help Temu develop commodity screening protocols. Regarding recruiting personnel, Temu has not yet made any response. (ENECNEWS)

9. Changes in Amazon's front desk search page: Some products have added "More Like This" function

On July 2, Amazon's front desk search page changed, and some products have added the "More Like This" function, similar to Taobao's "Find the same model" button. In this search box, the system will simultaneously recommend some products with the same or similar styles, and after pulling down, you will find more recommendation results. Some sellers mentioned that this function appears in some categories and can only be seen on mobile phones. It is speculated that this function should be under test in a small range and will be officially launched in the future. (36Kr)

10. eBay Ads: Young people are more interested in second-hand electronic products

July 2 news, the latest research from eBay Ads shows that as the peak season approaches, consumers' interest in purchasing second-hand appliances has increased significantly. The two main factors that drive consumers to buy second-hand electronic products are the prevalence of the concept of sustainable development. And 28% of consumers say they do this to develop sustainable shopping habits. Nearly half (47%) of the group aged 25-34 are planning to buy second-hand or refurbished electronic products during this peak season. Sales data from eBay UK site also show that consumers' demand for second-hand electronic products is growing. In November 2022, the search volume of "refurbished electronics" surged by 130% compared with the previous month. (eBay Ads)