• Deputy Prime Minister of Russia: Will set export tariffs on fertilizers. Government officials have prepared a draft that if the price of any fertilizer exceeds $450/ton, the government will impose a 23.5%export tariff on the $450 higher part.

Industry China

  • Zhejiang Provincial Postal Administration: Disclose data such as express delivery business volume and delivery volume during the first round of e-commerce promotion from November 1 to November 10. During the first round of promotion, the express business volume (collection volume) in Zhejiang Province reached 789 million pieces, and the delivery volume reached 311 million pieces. During this year’s “11·11” period, the number of “reverse overseas shopping” orders, including winter products such as electric blankets sold to Europe, increased significantly.
  • Douyin (抖音)E-commerce: “Douyin 11·11 Good Things Festival” data report shows that from October 31 to November 11, the number of merchants participating in the” 11·11″ event increased by 86% year-on-year, and the total time spent on live streaming reached 38.21 million hours. 7,667 live broadcast rooms sold more than one million yuan. During the event, the e-commerce on the platform’s shelves led to a year-on-year increase of 156% in average daily sales, and the exposure of products was 1.6 times that of the first half of the year. In the ranking of consumer cities, Shanghai ranks first, followed by Beijing, Chongqing, Chengdu and Shenzhen.
  • During Tmall 11·11, Taobao Live generated 62 live broadcast rooms with a turnover of more than 100 million yuan and 632 live broadcast rooms with a turnover of more than 10 million yuan. The turnover of new anchors increased by 345% year-on-year. The top 3 stores in terms of turnover are Xiaomi official flagship store, Estee Lauder flagship store, and Haier official flagship store.
  • The idle market is dominated by users aged 25-45 and in first- and second-tier cities, among which idle transaction APPs are more attractive to young users. There are 145 million monthly active users of idle transactions, a diversified transaction ecosystem is formed, and a “new battle” in which giants are quietly divided is taking place. At present, Xianyu(咸鱼), Zhuanzhuan(转转), Aihuishou(爱回收), ZhaoLiangji(找靓机), and Kongfz(孔夫子旧书网) used book network are at the forefront of comprehensive platforms, digital, and book recycling, respectively. APP, WeChat applet, Alipay applet, Baidu smart applet and other deduplication users respectively Reached 138 million, 33.26 million, 4.44 million, 4.06 million, and 2.77 million.
  • In the first half of the year, CCD camera sales increased by 15 times year-on-year, while the number of CCD cameras purchased by Gen Z increased by 20 times year-on-year.


  • U.S. e-cigarette maker Juul Labs: Having received cash injections from some early investors to avoid bankruptcy, the company has stopped bankruptcy preparations and is pursuing a cost-cutting plan. It plans to cut about 400 jobs and cut its operating budget by 30%-40%.
  • Bubble Mart(泡泡玛特): In the first half of the year, Bubble Mart’s revenue was 2.359 billion yuan, a year-on-year increase of 33.1%. Among them, the head IP products SKULLPANDA, MOLLY and DIMOO achieved revenue of 462 million yuan, 404 million yuan and 298 million yuan respectively, a year-on-year increase of 152.3%, 98.3% and 45.6% respectively.