E-commerce Morning News on September 30

"#Laogao E-commerce Newsletter# [E-commerce Morning News on September 30]" Tongda Group responded to the rumor of price increase: no relevant notice was issued or received; the social e-commerce Xiaohu Group announced that it had completed a seed round of financing of one million yuan; Pinduoduo announced that it had completed the issuance of convertible bonds of a total of US$1 billion; China Mobile President Li Yue is about to retire and is currently following the process; iPhone 11 Pro and iPhone 11 Pro Max have been sold out of stock...

E-commerce newsletter

1. The social e-commerce Xiaohu Group announced the completion of a seed round of financing of one million yuan

On September 29, the campus new retail social e-commerce Xiaohu Group announced that it had completed a seed round of financing of one million yuan, and the investor was the personal investment of Internet veteran Han Yinfeng. Founder Zhang Jianbo said that this round of financing will be mainly used in three aspects: team building, software development and market development. The Xiaohu Group has covered 5 universities in Deyang and Meishan, Sichuan, and has made initial profits. Next, the company plans to develop nationwide and plans to cover 50 universities by the end of 2019. (E-commerce News)

2. WeChat Pay is officially connected to the taxi-hailing platform

On September 29, according to the official WeChat Payment news, WeChat Pay points have the latest coverage of taxi-hailing scenarios. The first-hailing and then payment mode is officially connected to the taxi-hailing platform. After users enable the WeChat Pay points service, they will have the opportunity to enjoy "Take a taxi first and then payment". They will be free of prepayment when they get on the bus, and will automatically deduct the money after arriving at the destination. The "Speed ​​Taxi" mini program, online car-hailing platforms such as "Baidu Map" taxi, "Gaode Map" taxi, and "Ouli Car-hailing" will be connected to the WeChat payment service first, first, and then payment service. (Webmaster's Home)

3. Pinduoduo announced the completion of the issuance of convertible bonds of US$1 billion

Pinduoduo announced that it would complete a total of US$1 billion convertible bond issuance with "0% yield on maturity and 0% coupon". The initial subscriber of this "US$875 million convertible bond issuance plan" fully implemented the purchase rights of an additional US$125 million bond.

Pinduoduo said that the funds raised from this convertible bond issuance will be used for infrastructure construction required for platform R&D investment and agricultural product upward business.

Investment bankers close to this issuance said that Pinduoduo has 483 million active buyers and maintains rapid growth. (E-commerce News)

4. YTO Express will have 2.038 billion restricted shares listed and circulated, accounting for 71.85% of the company's total share capital.

According to news on September 30, YTO Express will have 2.038 billion restricted shares listed and circulated, accounting for 71.85% of the company's total share capital. Based on YTO Express's current share price, the market value is as high as 23.262 billion yuan. Judging from the specific list of lifting the ban, there are both controlling shareholder Shanghai Yuantong Jiaolong Investment Development (Group) Co., Ltd., actual controller Yu Huijiao and Zhang Xiaojuan, and investment institutions such as Hangzhou Alibaba Venture Capital Co., Ltd., which are owned by Jack Ma. (Tencent News)

5. Tongda Group "Express Company responds to the rumor of price increase: No relevant notice was issued or received

According to September 29, there was a previous report that an internal notice from the "Tongda Group" express company showed that from October 1, 2019, the cost of exit will be raised to the subsidiaries in the Shenzhen-Dong Kong region. In response to this, the five express delivery companies, Shentong, YTO, ZTO, Best and Yunda, all said that they did not issue or received relevant notices. (E-commerce News)

Internet news

6. China Mobile General Manager Li Yue is about to retire and is currently following the process

China Mobile General Manager Li Yue is about to retire and is currently in the process and will eventually wait for the official release of the Organization Department of the CPC Central Committee.

According to people familiar with the matter, Li Yue is at retirement age. According to the regulations of the Organization Department of the CPC Central Committee and the State-owned Assets Supervision and Administration Commission, the retirement age of leaders of central enterprises is 60 years old, and it can be relaxed to 63 years old depending on the situation. Public information shows that Li Yue, born in 1959, is 60 years old this year.

Li Yue is an old man from China Mobile with a deep experience. Since its establishment, China Mobile has served as vice president and he is also a director of China Mobile Communications Co., Ltd. Li Yue was appointed as the general manager of China Mobile Communications Group on May 31, 2010. On August 19, 2010, he officially took over as CEO of China Mobile. (Tencent News "First Line")

7. Greenland Holdings and Alibaba reached a strategic cooperation.

On September 30, Greenland Holdings signed an agreement with Alibaba on the establishment of a comprehensive partnership yesterday. The scope of cooperation between the two parties includes project expansion, innovation park development, real estate technology empowerment, product linkage development (smart home, smart business office, smart town, joint innovation laboratory), etc. (E-commerce News)

8. Zhihu Live is expected to be officially launched on October 11

据知乎用户“杨甚么”公布的站内信显示，知乎直播预计于10月11日正式上线，首批受邀用户将有专属官方工作人员沟通直播时间等相关事宜。（36kr）

9. iPhone 11 Pro and iPhone 11 Pro Max have been sold out

On September 30, the latest news from Apple's official website shows that iPhone 11 Pro and iPhone 11 Pro Max have been sold out. If users who place orders now have to wait at least 3-4 weeks, while dark night green color schemes have to wait longer. (Silicon Valley Analytics Lion)

Cross-border newsletter

10. Minister of Commerce: Cross-border e-commerce retail import and export growth 20%

On September 29, Minister of Commerce Zhong Shan said at a press conference today that the Ministry of Commerce has taken many measures to stabilize foreign trade and promote the high-quality development of foreign trade, and has achieved positive results. Zhong Shan said that cross-border e-commerce retail imports and exports increased by 20%, market procurement and trade exports increased by 11.2%, and private enterprises accounted for 51.4%. (E-commerce News)

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