#Laogao E-commerce Newsletter# [E-commerce Morning News on June 11] 1. Tmall President Jing Jie: Tmall is no longer an e-commerce platform; 2. Beijing State Administration for Market Regulation: Online promotions must not rise first and then discount; 3. The State Administration for Market Regulation held a meeting to prohibit e-commerce from "choose one of two"; 4. 18 batches of cosmetics were not qualified, and Medi Huier and Lidezi were on the blacklist; 5. Chuan Binguo Box made a comeback in Beijing: 300 unmanned convenience stores will be opened...
E-commerce newsletter
1. Tmall President Jing Jie: Tmall is no longer an e-commerce platform
When introducing Tmall's vision, Tmall President Jingjie summarized it as "a city of quality shopping that global consumers love." He also specifically emphasized that there are no two words "online" and "e-commerce". "More than two years ago, the Tmall management team firmly believed that the traditional e-commerce era has passed, and Tmall is opening a new retail era of online and offline digitalization."
He revealed that Tmall will be fully revamped on the mobile phone, and Tmall will open up offline and become the entrance to the entire Tmall new retail ecosystem. "The future scenarios of true new retail are all on Tmall. New retail is fully exploded. The future mobile Tmall APP will enter the stage of creating demand from meeting demand to creating demand, and millions of offline heroes will be digitalized." (Tianxia Online Business)
2. Beijing State Administration for Market Regulation: Online promotions must not rise first and then discount
The State Administration for Market Regulation recently held an administrative guidance seminar on the "6.18" online centralized promotion, requiring online trading platform (website) operators to do the following:
Supervise and urge sales operators to consciously fulfill their promotional obligations, abide by the "Interim Measures for No-reason Returns on Seven-Day Online Purchase Products" and other relevant provisions. They shall not use standard terms to infringe on the legitimate rights and interests of consumers, shall not reduce the quality of goods due to promotion, and shall take the opportunity to use inferior products as good as good or fake as real; consciously abide by promotional information specifications and promotional advertising norms, shall not make misleading false propaganda and expression of goods and services, shall not publish false advertisements, shall not first raise prices and then discount, shall not falsely report special prices to attract customers, and shall commit fraudulent acts of pricelessness; it is prohibited to use fictitious transactions, transaction volume or false user reviews to promote promotions. (People's Daily)
3. The State Administration for Market Regulation held a meeting to demand that e-commerce be banned from “choose one of two”
On June 8, the State Administration for Market Regulation held an administrative guidance symposium on the "6.18" online centralized promotion activities, requiring online trading platform (website) operators to strengthen their awareness of "first responsible persons" and fulfill their main responsibilities for online business in terms of platform governance, information disclosure, fair competition, consumer rights protection, advertising compliance, intellectual property protection, food safety, etc.
The administrative guidance symposium on the "6.18" online centralized promotion activities was held, aiming to understand the specific situation of online trading platforms (websites) carrying out online centralized promotion activities and risk prevention, exchange experiences and practices of platform management, and reiterate regulatory requirements in combination with the problems existing in online centralized promotion activities in recent years, and strengthen the sense of responsibility of online trading platforms (websites) through administrative guidance. (Lianshang.com)
4. 18 batches of cosmetics failed, Medi Wheel and Lidezi ranked on the blacklist
On June 8, the State Drug Administration issued the "Notice on the Failure of 18 Batches of Cosmetics". The notice shows that 18 batches of cosmetics produced (agents) by 15 companies failed, of which 5 batches of cosmetics were found to be counterfeit products. Brands such as Medi-Wheel and Lidezi are on the blacklist. (Blue Whale)
5. Chuan Binguo Box makes a comeback in Beijing: 300 unmanned convenience stores will be opened
Recently, it was reported that Binguo Box signed a strategic cooperation agreement with the Daxing District Government of Beijing, announcing that it will launch 300 unmanned convenience stores in Daxing District communities, parks and other scenarios. A reporter from Blue Whale Industry News called Yao Yuan, a public relations staff member of Binguo Box, to confirm the authenticity of the news.
Yao Yuan said that the landing area of Binguo Box is currently only in Mentougou District in Beijing, with about 40 boxes and about 400 in the country. According to a rough estimate by reporters from Blue Whale Industry, including the 300 boxes to be laid in Daxing this time, the total number of Binguo boxes is about 700. As early as July 2017, Chen Zilin, founder and CEO of Binguo Box, announced that he would lay 5,000 boxes within a year. In this regard, Chinese food industry analyst Zhu Danpeng said that there are many potential competitors at present, and it is difficult to achieve 5,000 Binguo boxes every year. (Blue Whale)
6. Foreign media say Ant Financial has grown rapidly and its market value exceeds Goldman Sachs
Ant Financial announced on Friday that it raised about $14 billion in financing. Mary Mick, partner of Kleiner Huaying, listed Ant Financial's market value at $150 billion in last week's Internet Trends report, which ranked Ant Financial as the world's ninth largest Internet company. By comparison, Goldman Sachs' public transaction value is about $88 billion. (Sina US stocks)
Internet news
7. Walmart applies to ban female executives from changing jobs at Amazon: She knows too much
Reuters said on the 8th that U.S. retail giant Walmart has filed a court lawsuit to ban its former chief tax officer from joining rival Amazon because the company believes it will violate a non-compete agreement and may give Amazon an "irreparable damage" to Walmart, according to Reuters on the 8th.
Walmart's indictment said that its former senior vice president and chief tax officer Lisa Wadlin told the company in January that she was considering resigning, but Walmart was not aware that she would jump to Amazon and did not learn about it until she signed the resignation documents on May 15.
Walmart said Wednesday that Wadling understands the company's strategic plan, which "will bring huge benefits to Amazon." To this end, Walmart filed a lawsuit in the Delaware Equity Court on Wednesday. (Sina US stocks)
8. Amazon's market value exceeds US$800 billion for the first time
Techweb News: On June 5, Amazon's stock price, which has continued to hit new highs this year and has risen by more than 40%, hit a new high on Monday, with a market value of more than $800 billion for the first time.
This is the first time that Amazon's market value exceeds US$800 billion. It has become the third company in the world to have a market value of more than US$800 billion. The other two are Apple and Google's parent company Alphabet. Apple's market value exceeded US$800 billion for the first time in May last year, and Alphabet's market value exceeded US$800 billion for the first time in January this year. (Hugo.com)
Cross-border newsletter
9. Japanese media said Alibaba has expanded Southeast Asia to provide new cross-border trade methods
According to Nikkei, companies such as Alibaba are replacing Japanese companies with digital technology and will likely become game changers in Southeast Asia's economic development. In the past, Japanese companies played a key role in developing Southeast Asia through face-to-face contact and alliances with local partners, and now, Alibaba Group offers a new way of cross-border trade for almost everyone. Among them, a series of projects launched by Alibaba Group and the Thai government are watershed, marking a changing way for foreign investment to promote economic growth in Thailand and the entire region. (Nikkei News)
10. Indian business organizations oppose Walmart’s acquisition of e-commerce
Global Times: Recently, more than 100 business organizations in India have publicly opposed the deal by US retail giant Walmart to acquire Flipkart, the country's largest e-commerce company. Wal-Mart last month announced a 77% stake in Philip Carter, the largest e-commerce deal in the country to date, for about $16 billion.
127 groups, including the Indian Trade Union Centre, issued a statement saying the deal poses multiple dangers to the Indian economy, saying the deal creates a retail oligarch and is worried that it will use the advantage of big data to control consumers. (Hugo.com)
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