#Laogao E-commerce Newsletter# [E-commerce Morning News on September 10] Alibaba NetEase transaction details disclosed: US$1.7 billion + 14.3 million in stock acquisition of koala; JD Express’s cross-regional special delivery service opened a batch of routes; Juhuasuan 99 Huasuan Festival opened a sinking market order volume accounted for 53%; Suning offline department store completed system switching and became a new engine of growth; my country’s first interim regulation on the management of new logistics formats was issued...
E-commerce newsletter
1. Alibaba NetEase transaction details disclosed: US$1.7 billion + 14.3 million shares to acquire Koala
On September 9, Alibaba and NetEase recently submitted documents to the Securities and Exchange Commission (SEC), revealing some of the transaction details of the two parties regarding NetEase Koala and NetEase Cloud Music. The documents show that Alibaba Group Holdings Co., Ltd. (“Alibaba”) acquired NetEase Koala, an e-commerce platform of NetEase (“NetEase”), with a total purchase price of approximately US$2 billion, including cash and approximately 14.3 million newly issued Alibaba common stock (equivalent to approximately 1.8 million American depositary stocks), worth approximately US$300 million. (E-commerce News)
2. JD Express’s cross-regional special delivery service has opened a batch of new routes
JD Express has opened a new batch of routes across regions, namely: Guangzhou-Shenzhen (two-way mutual delivery), Beijing-Xi'an, Shanghai-Hangzhou, Shenzhen-Wuhan, Guangzhou-Wuhan. JD Express has previously relied on high-speed rail transportation capacity to launch a cross-regional "special instant delivery" service. When users have the need to ship a delivery, they place an order before 11 a.m. and deliver it before 23 a.m. on the same day. According to official reports, when placing an order using JD Express WeChat mini program, fill in the information in "Send Express" and select "Special Delivery" to enjoy the relevant services. (36Kr)
3. Juhuasuan 99 Huasuan Festival opens with orders in the sinking market account for 53%
According to September 9, Juhuasuan 99 Huasuan Festival opened today. The battle report showed that the transaction volume in the 19-minute opening exceeded one hour last year. As a shopping carnival for the sinking market, 99 performed well in the sinking market, with orders from the sinking market (third, fourth and fifth-tier cities and villages) accounting for 53%. It is understood that the "10 million hot-selling group" led to the explosion of transactions. In the first hour of September 9, 194 products sold more than 10,000 units, and 71 products sold more than one million. (Yibang Power)
4. Suning’s offline department store completes system switching to become a new growth engine
According to September 9, Suning.com offline department stores recently announced that it has completed the full switching of Suning smart retail system. Wanda Department Store, which has been renamed Suning.com PLAZA, has now officially integrated into the Suning system and fully entered the Suning era.
Relevant person in charge of offline department stores said that since the establishment of the project team in late April, it took four months to complete the plan design, system development, personnel training and online work, achieving the smooth switching of nearly 5,000 joint stores, 300 rental collection and payment stores, 2,200 SKUs, and 12,000 self-operated products. "One of the same size projects, we use the shortest time." (Yibang Power)
5. my country's first interim measures for the management of new logistics formats were issued
On September 9, the Ministry of Transport and the State Administration of Taxation recently jointly issued the "Interim Measures for the Operation and Management of Road Freight Transportation on Online Platforms" (hereinafter referred to as the "Measures"). It aims to standardize the operation of road freight transportation on the Internet platform, maintain the order of the road freight transportation market, and promote the reduction of costs and efficiency of the logistics industry. It is understood that the Measures are the first interim Measures for the management of new logistics formats in my country, and will come into effect on January 1, 2020 and will be valid for 2 years. (E-commerce News)
Internet news
6. Shanghai establishes regulations for shared bicycle companies: 25 assessment indicators, once every six months
The "Shanghai Internet Rental Bicycle Business Service Assessment Measures" jointly organized and compiled by the Shanghai Municipal Transportation Commission and other departments pointed out that the municipal transportation administrative department entrusts relevant social third-party institutions to organize and implement the city's Internet Rental Bicycle Business Service Assessment work and summarizes the assessment results. The assessment indicators total 25 items have a score of 1,000 points. In principle, the assessment will be organized and implemented every six months. If the pilot process of new operating enterprises violates relevant Shanghai regulations and the circumstances are serious, the municipal transportation administrative department may work with the public security organs to directly cancel the number of vehicles deployed in the pilot. (Penguin)
7. Baidu invested 1.443 billion yuan in Neusoft Holdings, and Wang Haifeng became the director of the latter.
On September 10, Baidu Online Network Technology (Beijing) Co., Ltd. (hereinafter referred to as "Baidu") announced a strategic investment in Dalian Neusoft Holdings Co., Ltd. (hereinafter referred to as "Neusoft Holdings"), with a total investment of 1.443 billion yuan. As a result, the two sides officially reached a strategic partnership to actively promote intelligent industrial transformation in key areas such as smart cities, smart education, and smart medical care. At the same time, Baidu CTO Wang Haifeng will serve as a director of Neusoft Holdings. (Titanium Media)
8. Qunar’s strategic adjustment of internal goals: fill the gap with Ctrip
According to September 9, Qunar is undergoing major strategic adjustments, and hotels and content are elevated to company-level strategy. Qunar upgraded its originally independent hotel business group to a destination business group, and integrated the ticket and entertainment business department. At the same time, a new content business unit has been established internally to create a content traffic pool through high-quality content such as topics, comments, travel notes, routes, etc., and improve user volume and activity. According to insiders of Qunar, Qunar's core goal this year is to fill the gap with Ctrip, including hotel business, service level and operational efficiency. (Yibang Power)
9. JD.com's investment in Wuxing Electric Appliances accelerates the battle to seize the sinking market
Yancheng's first JD Five-Star Electrical Appliances Borderless Retail Super Flagship Store will open on September 20, with an area of 10,000 square meters, making it the largest single-unit home appliance store in Yancheng. There are more than 100,000 products available for sale, with brands such as Haier, Midea, Huawei, Apple, Xiaomi, Dyson and many top exhibition halls for Internet brands, which can meet the consumption needs of home appliances in high, medium and low levels.
Cross-border newsletter
10. "Africa Singapore" embraces the digital economy, and Alibaba and Rwanda join forces to promote new eWTP action
Rwanda, known as "Africa Singapore", is the first stop in Africa for the World Electronic Trade Platform (eWTP). On September 7, Alibaba and the Rwandan government signed a number of memorandums and launched a number of new actions. Among them, after Rwanda coffee and other products are popular on Tmall and Hema, Hema will bring "Rwanda Laoganma" to Chinese foodies in the near future - a chili sauce with a unique local flavor. (Hugo.com)
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