#Laogao E-commerce Newsletter# [E-commerce Evening News on August 7]

Evening information:

1. The total payment transaction amount of Douyin Life Service exceeded 100 billion yuan in the first half of the year;

2. Adjustment of payment settlement cycle for non-imported merchants in Kuaishou stores;

3. 150 creators of Xiaohongshu were invited to participate in the "Acquaintance Birthday Meeting" event;

4. Pinduoduo's 10 billion subsidy road vehicle sales increased by 180%;

5. Amazon launches a one-click welfare check toolkit;

...

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E-commerce newsletter

1. The total payment transaction amount of Douyin Life Service exceeded 100 billion yuan in the first half of the year

On August 7, according to "LatePost", Douyin Life Service paid GMV of over 100 billion yuan in the first half of the year, mainly contributed by in-store business and hotel and tourism business. Before this, the three businesses of hotel, tourism, restaurants, and restaurants were in a parallel position. (LatePost later)

2. Pinduoduo's 10 billion subsidy road vehicle sales increased by 180%

According to 36Kr, Pinduoduo's consumer data of 10 billion subsidies showed that compared with the same period last year, the sales of whole vehicles on the platform such as mountain bikes, road bikes, folding bikes increased by 56%; the sales of cycling accessories such as cycling helmets, cycling suits, cycling shoes, cycling glasses, bicycle meters, bicycle wheel sets increased by 76%. Among them, road car sales grew the fastest, with an increase of more than 180%. (36Kr)

3. Xiaohongshu has imposed violations on 2,465 brands in the past two months.

On August 7, Xiaohongshu issued an announcement stating that in the past two months, the platform has imposed violations of 2,465 brands in 13 industries including beauty, personal care, mother and baby, 3C digital, clothing accessories, food, and local merchants. Among them, 87 brands have been banned for serious and repeated violations. In the future, we will continue to crack down on illegal notes, authors, institutions and brands to help users plant grass rationally. The illegal marketing behaviors announced by Xiaohongshu this time include false publicity, unfair competition, and failure to pass the Dandelion platform content cooperation. (Xiaohongshu)

4. Adjustment of payment settlement cycle for non-imported merchants in Kuaishou Store

On August 7, Kuaishou Store issued a notice stating that in order to maintain the normal settlement order of Kuaishou Store and protect the legitimate rights and interests of Kuaishou Store merchants, the platform plans to adjust the payment settlement cycle of Kuaishou Store merchants and revise the "Kuaishou Store Settlement Rules". These rules were revised on August 7, 2023 and gradually took effect from August 14 to August 28, 2023. (Kuaishou E-commerce)

5. 150 creators of Xiaohongshu were invited to participate in the "Acquaintance Birthday Party" event

According to August 7, Xiaohongshu recently held a "Acquaintance Birthday Party" at the Shanghai Museum of Contemporary Art, and 150 platform creators were invited to participate. According to the official introduction, the purpose of this event is "I hope everyone will share and express themselves seriously in their familiar fields." It is reported that the guests need to bring a "red item" to the event site. (Xiaohongshu)

Internet news

6. Bilibili will announce its second quarter and semi-annual results on August 17

On August 7, Bilibili announced that the board of directors will hold a board meeting on Thursday, August 17, 2023 to approve the company's unaudited financial results and second quarter and semi-annual results announcements for the three months and six months ended June 30, 2023. Bilibili will announce its second-quarter and semi-annual results on the website of the Stock Exchange of Hong Kong Limited on Thursday, August 17, 2023 at or around 6:00 pm. (Bilibili)

7. NetEase Youdao established an intelligent manufacturing company business scope including robot sales business

According to the news on August 7, Tianyancha App, Beijing Intelligent Manufacturing Youdao Technology Co., Ltd. was established recently. The legal representative is Su Peng, with a registered capital of 500,000 yuan. The business scope includes intelligent robot sales, smart home consumer equipment sales, artificial intelligence hardware sales, wearable smart device sales, human resources services, self-paid study abroad agency services, etc. Shareholder information shows that the company is wholly owned by Beijing NetEase Youdao Computer Systems Co., Ltd. (Tianyan Check)

8. Lege Co., Ltd.: The company's robot research and development and application have been laid out in the fields of intelligent manufacturing and intelligent logistics.

On August 7, Lege Co., Ltd. said on the interactive platform that the company's robot research and development and application have been deployed in the fields of intelligent manufacturing and smart logistics. At present, Lege Ningbo Factory has completed the transformation of digital workshops in 2021, including the application of intelligent manufacturing equipment, intelligent logistics AGV, and equipment data acquisition platform SCADA, which has achieved very good operational results and has been rated as a provincial digital workshop. Lecang also began to deploy the application of smart logistics in warehousing management in 2022, adding 38 smart logistics AGV trolleys and several unmanned picking forklifts, initially realizing the replacement of labor in overseas warehouses by robots, greatly improving the construction of warehousing operation efficiency. At the same time, Lecang has also developed a movable DWS system and an automatic decoding and palletizing labeling system. The DWS system realizes automatic collection of barcode information, volume, weight and other parameters of materials entering the warehouse; the automatic decoding and palletizing labeling system realizes automatic labeling of materials leaving the warehouse. This has taken another important step toward the goal of automating the entire process of operations in the warehouse (into-in, storage, picking, out-of-warehouse and other operation processes). (Lege Co., Ltd.)

Cross-border newsletter

9. Amazon launches one-click welfare check toolkit

According to August 7, in order to help sellers better sort out their welfare participation qualifications and collection status, and assist in completing tasks, Amazon launched the Amazon welfare one-click check toolkit, integrating the welfare qualification self-test and matching logic of three major welfare projects. (Opening a store on Amazon worldwide)

10. Some Amazon product types need to be updated before they are launched

On August 7, Amazon's US website issued an announcement stating that starting from August 16, 274 attributes of 200 affected product types need to be updated before they are put on the shelves. Amazon regularly reviews listing requirements for the most popular product types to ensure that listing contains relevant attribute information that helps buyers make purchase decisions. (Amazon Seller Forum)