Future Business Early Participation | Sales on Amazon exceeded 10 million US dollars, Chinese sellers increased by 30% year-on-year, Meituan Takeaway plans to invest 100 million yuan to recruit 300,000 riders, and the number of Chinese coffee shops has surpassed the United States to become the world's first

Reporter: Liu Xuemei Editor: Li Zhuo

Tuesday, December 12, 2023

1. The number of Chinese sellers on Amazon with sales exceeding $10 million in 2022 increased by nearly 30% year-on-year

On December 12, data shared by Dai Rongfei, global vice president of Amazon, at the 2023 Amazon Global Selling Cross-border Summit showed that in the past year, the number of Chinese sellers with sales of more than $1 million on Amazon increased by more than 25% year-on-year, and the number of Chinese sellers with sales of more than $10 million increased by nearly 30% year-on-year.

Comments: This news shows that the performance of Chinese sellers on the Amazon platform is strong, and it also reflects the rapid growth of the cross-border e-commerce industry. The news could boost investor confidence in Amazon and China's e-commerce sector and drive related stocks higher.

2. Meituan Takeaway plans to invest 100 million yuan to recruit 300,000 riders

On December 12, Meituan Takeaway announced the launch of winter rider recruitment, planning to invest 100 million yuan and open 300,000 rider positions.

Comments: Recruiting riders is not a game, but a business war. Whether Meituan can achieve its goals depends on what its competitors say. If they also invest large sums of money, then Meituan Takeaway will face even greater challenges.

3. AutoNavi Map has achieved the world's largest lane-level navigation coverage

On December 12, AutoNavi announced that based on its research and development of lane-level navigation services, AutoNavi Map has achieved the world's largest lane-level navigation coverage. It is understood that the lane-level navigation service integrates cutting-edge technologies such as Beidou satellite navigation system, deep Xi model, inertial navigation, and ubiquitous signals, and has supported the use of more than 99% of urban and rural roads in China so far.

Comments: AutoNavi's service can attract more users and customers for it. Secondly, it can enhance its brand value and competitiveness. At the same time, it can create more business opportunities and industrial chains. With the continuous expansion and upgrading of the global car navigation market, the lane-level navigation of AutoNavi Map will also usher in a broader development space and business opportunities. Therefore, the lane-level navigation of AutoNavi map is not only a scientific and technological innovation, but also an economic benefit. It makes us feel the dual charm of technology and economy.

4. Shanghai Issued Compliance Guidelines for Online Live Streaming Marketing: Operators on the Platform Should Not Be Required to Sign a "Lowest Price Agreement"

According to The Paper, the Shanghai Municipal Administration for Market Regulation held a press briefing to reveal that recently, the Municipal Market Supervision Bureau, together with the Municipal Drug Administration, formulated the "Shanghai Online Retail Platform Compliance Guidelines" and the "Shanghai Online Catering Service Platform Compliance Guidelines" to clarify the compliance management requirements of online retail platforms and catering service platforms. At the same time, the Shanghai Municipal Administration for Market Regulation revised the "Shanghai Compliance Guidelines for Online Live Streaming Marketing Activities" issued in 2022, and further refined the management responsibilities of live streaming marketing platforms in conjunction with the "Measures for the Administration of Internet Advertising" newly issued by the Shanghai Municipal Administration for Market Regulation. The reporter noted that the newly revised "Shanghai Compliance Guidelines for Online Live Marketing Activities" clearly pointed out that operators on the platform should not be required to sign a "lowest price agreement" or other unreasonable and exclusive mandatory terms.

Comments: In today's rapid development of digitalization, the standardization of online live broadcast marketing, as an emerging model, also needs to be put on the agenda. The update of Shanghai's guidelines not only promotes the industry to return to rational competition, but also provides strong legal support for the protection of consumer rights and interests. This measure is of great significance, it not only points out the direction of the development of the industry, but also provides us with an opportunity to think: on the road of exploring new business models, guidance and constraints, which can better reflect the responsibility and wisdom of a city? Obviously, Shanghai has given a clear answer - compliance is an indispensable guardrail in the exploration of openness.

5. The number of coffee shops in China has surpassed that of the United States and has become the largest in the world

On December 12, it was reported that after a growth of 58% in the past year, China has become the country with the most branded coffee shops in the world, surpassing the United States. There are currently nearly 50,000 coffee shops in China, according to a report released Tuesday by World Coffee Portal, a research arm of the Allegra Group. Together, the takeaway-focused chains Luckin Coffee and Cudi Coffee added more than 11,000 new stores, driving this growth. There are about 120,000 coffee shops in East Asia as a whole, with China accounting for more than 40 percent, according to the report. Jeffrey Young, CEO of Allegra Group, said in a statement, "The East Asian market is clearly experiencing rapid growth, led by the incredible expansion of the number of coffee shops in China. China has quickly become a global coffee powerhouse." According to the report, the number of coffee shops in East Asia is expected to exceed 136,500 by November next year and reach 181,500 in the next five years. Malaysia and the Philippines have also achieved double-digit growth over the past year and are expected to continue their positive momentum.

Comments: Under the café boom, China has become the world's largest café country and will continue to maintain rapid growth. This is not only a recognition and confidence in the Chinese market, but also a redefinition of the global coffee industry pattern. In the future, with the rise of emerging consumer groups and new business formats, the café market will usher in more opportunities and challenges. Investors and entrepreneurs can seize this opportunity to usher in the coffee shop era.

6. Indonesian government: TikTok and GoTo's e-commerce cooperation will be given a trial period of several months, and then an evaluation will be made

Comment: This news shows that the Indonesian government is somewhat open to the e-commerce cooperation between TikTok and GoTo, and the two companies need to comply with local laws and regulations during the cooperation process to ensure that the cooperation will not have a negative impact on users and the public. This cooperation also represents the development trend of the Indonesian e-commerce market. With the continuous expansion of the e-commerce market and the intensification of competition, Indonesia's e-commerce companies need to continue to innovate and cooperate to adapt to the changes and development of the market.

National Business Daily