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#Laogao E-commerce Newsletter# [E-commerce Morning News on August 8]

2023-08-08

Morning Information


1. The WeChat Moments Moments will be launched on a large scale to top function;

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

3. Ele.me Guangdong’s first “five-star” Knight Station was officially opened;

4. Daily Youxian’s 2022 annual report: revenue is 2.761 billion yuan;

5. TikTok announced that it will make a series of adjustments to EU users;

...


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1. 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 (non-imported) merchants and revise the "Kuaishou Store Settlement Rules". This core adjustment: According to different store stratification, the platform makes differentiated adjustments to the payment settlement cycle. These rules were revised on August 7, 2023 and gradually took effect from August 14 to August 28, 2023. (Yibang Power)


2. The top function is launched on WeChat Moments on a large scale


According to August 8, after a period of internal testing, WeChat has now launched the top function of Moments on a large scale. After updating to the latest version of WeChat, you can click on the three dots in the upper right corner in your circle of friends. A menu will pop up with the "Top" option appear. It should be noted that WeChat still reminds you not to rely too much on this function. It is still under test and may be cancelled at any time in the future. (IT Home)


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3. Ele.me Guangdong's first "five-star" Knight Station officially opened


On August 7, the comprehensive service center for new business formats and new employment groups jointly built by Ele.me and Guangzhou was officially opened in Wanda Plaza, Guangzhou Haizhu, and is open to takeout riders and new employment groups for free, covering more than 1,000 riders in 3 kilometers nearby. The service center also has live broadcast studios, free haircuts, rider catering offers and irregular medical free medical consultations. (China Radio and Television)


4. The first technology fitness running event of Gaode Map starts to issue 3 million yuan in consumption coupons in Beijing


Gaode Map issues online consumption coupons worth nearly 300 yuan to each runner and user who participate in the event, and provides preferential services in many aspects such as eating, drinking, playing, having fun, traveling and sports equipment purchase. It is expected to reach over 100 million people nationwide and more than 20 million users in Beijing. At the same time, Gaode Map will also issue consumption coupons worth 3 million in Beijing for economic consumption, and Gaode online cloud running activities are also being carried out simultaneously. (Sohu.com)


5. Daily Youxian 2022 annual report: revenue of 2.761 billion yuan


According to August 7, MissFresh recently released its 2022 financial report. According to the financial report, its revenue in 2020, 2021 and 2022 was RMB 6.13 billion, RMB 6.952 billion and RMB 2.761 billion, respectively; net losses were RMB 1.649 billion, RMB 3.85 billion and RMB 1.523 billion, respectively. The total number of full-time employees of the company dropped sharply from 1,925 on December 31, 2021 to 57 on December 31, 2022. Among them, there are 13 business personnel, 10 legal and financial personnel, 5 human resources and public relations personnel, 1 management personnel, and 28 others. As of December 31, 2022, MissFresh held cash and cash equivalents and restricted cash only 48.96 million yuan, while cash and cash equivalents in the same period last year were 1.097 billion yuan. (E-commerce News)


6. Hema mini settled in Chongqing Jiefangbei


According to August 8, Hema mini recently settled in Jiefangbei, Chongqing. It is understood that Chongqing is the third city to settle in Hema mini after Shanghai and Beijing, and it is also the first store in the southwest. The Hema mini landed in Jiefangbei with an area of ​​1,200 square meters. The hanging chain and catering area have been cancelled, but Hema gardens, aquatic products, workshops, baking, etc. are retained, and 3,000 products are displayed, including freshly cut fruits, daily fresh vegetables, flowers, etc., of which Hema's own brand products account for 40%. (Hualong.com)


7. Apple Pay may be launched in Chile on August 8


On August 7, Chilean banking giant Transbank reportedly shared a post on social media: Welcome Apple Pay to the country. Although the post was later deleted, journalist Pedro Martín confirmed to "at least four sources from financial institutions" that Apple Pay is scheduled to be officially launched in Chile on August 8. (Diario Financeiro)


8. Douyin's companies will invest in two Hubei companies


According to news on August 7, Tianyan Check data shows that Hubei Furuixing Network Technology Co., Ltd. and Hubei Jinjunfeng Network Technology Co., Ltd. have recently undergone industrial and commercial changes, and both original shareholders have withdrawn, adding Beijing Bimo Liuxiang Technology Co., Ltd., a subsidiary of Douyin Group, as shareholders and wholly-owned shares. In addition, Beijing Bimo Liuxiang Technology Co., Ltd. has recently invested wholly-owned shares in Wuhan Anjiewangda Technology Co., Ltd., Hubei Xingyihong Network Technology Co., Ltd., Hubei Juherun Network Technology Co., Ltd. and other companies located in Hubei. (Tianyan Check)


9. Popular Chinese stocks closed on Monday with different ups and downs. Daily Youxian rose by more than 31%.


According to August 8, popular Chinese stocks closed mixed on Monday. Among them, Shuhai Co., Ltd. rose by more than 66%, Daily Youxian rose by more than 31%, Magic Line rose by more than 21%, Yi Electric rose by more than 14%, Genxi Bio rose by more than 11%, Kuke Music rose by more than 9%, Conglian Group and Best Group rose by more than 7%, Monster Charging and Sixiang Unlimited rose by more than 6%, Leju, China Automobile Systems, Nova Furniture rose by more than 5%, Huami, Liandai Technology, Ningsheng International, and Nanmao Technology rose by more than 4%, JYD, Daquan New Energy, Qinhuai Data, and UT Starkang rose by more than 3%. (Sina Finance)


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10. TikTok announces a series of adjustments to EU users


On August 7, TikTok recently announced that it will make a series of adjustments to EU users in order to cooperate with the EU Digital Services Act, which will be implemented on August 25. These adjustments include: will provide users with the option to turn off algorithm recommendations; will turn off personalized advertising content push for European users aged 13 to 17 years old, and users aged 18 and above can also turn off personalized advertising push in settings; launching its first advertising transparency library and its regional extension of research APIs, etc. (TikTok)


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