Illustration of Alipay's annual bill [Infographic]

#Laogao E-commerce Newsletter# [February 25 E-commerce Morning News] Huawei released its first 5G foldable screen mobile phone, which is also the first 5G mobile phone product; the yield rate of Internet baby products continues to decline by only 2.82%; the community group buying platform "Squirrel Pinpin" received a B1 round of financing of US$31 million; WeChat "re-boarding" time has been set to Ma Huateng may personally stand; Microsoft will cooperate with the second largest grocery chain in the United States to resist Amazon...

Morning News: Facebook launches new features: creators can make money through e-commerce channels; NetEase cross-border payment has been launched on Amazon Poland, Sweden and Australia stations to collect payments; Italian high-end luxury men's clothing brand Canali has entered the Tmall luxury channel.

According to Lao Gao Crown Club, Xinhua News Agency, Beijing, June 3, the "E-Commerce Law of the People's Republic of China (Draft)" will be submitted to the Standing Committee of the National People's Congress for second review in August. At the international seminar on "E-Commerce Legislation and Development" held at Beijing Foreign Studies University on the 3rd, relevant persons from the Finance and Economics Committee of the National People's Congress pointed out that the E-Commerce Law will further promote and regulate the development of cross-border e-commerce and promote the optimization and upgrading of my country's foreign trade.