#Laogao E-commerce News# [E-commerce Evening News on June 26] 1. Taobao Xinxuan's second store opened on June 28 to Shanghai RT-Mart Yangpu store; 2. Google will sell smart speakers on JD.com or intends to return to the Chinese market; 3. Daily Youxian convenience purchase business has regained a wave of layoffs and is withdrawing from second- and third-tier cities; 4. Rosen, the central mall, opened 9 new stores in June on June 27; 5. The EU and Alibaba signed an agreement to crack down on online sales of dangerous goods...
E-commerce newsletter:
1. Taobao Xinxuan’s second store opened on June 28 and landed in Shanghai RT-Mart Yangpu Store
On June 26, Lianshang.com learned from Taobao Xinxuan brand launch conference that Taobao Xinxuan's second store will open in Shanghai on June 28.
It is reported that this store is located in the Yangpu store of RT-Mart in Shanghai, with an area of 230 square meters. It only took 30 days from design to decoration and display. The products sold include home furnishings and travel products, and this time they are named Taobao Xinxuan Life Home.
Alibaba said that the current value of Taobao Xinxuan is reflected in its unique business model. Backed by Alibaba’s big data, Taobao Xinxuan has a full-link empowerment platform that can help designers turn good ideas into good products and ultimately into good business. In other words, empowering designers to create more valuable and good designs is our value. (Lianshang.com)
2. Google will sell smart speakers on JD.com or intends to return to the Chinese market
According to The Information, after completing a $550 million investment in JD.com, Google will sell its own hardware devices, such as smart speakers, on its e-commerce platform.
The Information quoted people close to the transaction process as saying that Google has long started making hardware in China, but it is not sold to the Chinese market. With its relationship with JD.com, Google hopes to drive the sales of these consumer hardware products in China and further stimulate the download volume of Chinese consumers in their applications.
The source said that for Google, using investment as a means and hardware as the entry point is to return to China in an "insensitive way." And, “these hardware may lead Chinese consumers to download the company’s apps.” (Curiosity Daily)
3. Daily Youxian convenience purchase business has regained a wave of layoffs and is withdrawing from second- and third-tier cities
It is learned from a core source close to MissFresh that the convenience purchase of MissFresh’s unmanned retail business is undergoing a new round of layoffs and resignations, which covers market and operation departments in many places such as Beijing, Shanghai, and Hangzhou. The business level has also begun to make strategic adjustments. After the Dragon Boat Festival, the locations in Changzhou, Kunshan and other cities will be gradually withdrawn, and the scope will continue to expand. (Dongdian Technology)
4. Rosen, the Central Mall, opened 9 new stores in June on June 27.
It is understood that the two stores that will be opened are Yunnan Road Store and Yougu Network Town Second Store. These two stores are also the 46th and 47th stores of Central Mall Rosen. In June, a total of 9 new stores in Central Mall Rosen opened. (Lianshang.com)
5. The EU and Alibaba signed an agreement to crack down on online sales of dangerous goods
The European Commission has signed an agreement with Alibaba AliExpress, Amazon, eBay and Lotte France to combat dangerous goods sold on EU shopping websites.
Dangerous content, as defined by the European Commission, includes inflammatory and hateful content, as well as violent and child pornography, as well as unsafe products and infringing products.
All four e-commerce companies agreed to remove dangerous goods within two days after receiving government notices and respond within five days after receiving consumer notices. (Sina Technology)
6. Victoria's Secret first entered Hangzhou's first full-category store and entered in77
On June 26, Victoria's Secret, a world-renowned underwear brand, opened a full-category store in Hangzhou for the first time - Hangzhou in77 full-category store. This is also the eighth full-category store opened by Victoria's Secret in China. (Lianshang.com)
7. China Unicom and JD.com signed a strategic cooperation agreement on the "JD Convenience Store" project
On the morning of June 26, China Unicom and JD Group signed a strategic cooperation signing ceremony for the "JD Convenience Store" project. China Unicom will become the first telecom operator partner to settle in "JD Convenience Store" and provide communication services online on the "Shangguibao" APP. China Unicom's number card, broadband and other businesses will fully enter the JD convenience store supply chain system in the form of products, and obtain a scenario-based marketing area. (Sina)
Internet Information
8. Li Ka-shing, Jack Ma and Ma Huateng participated in the subscription of the three richest people to support Xiaomi's IPO
Bloomberg reported that Chinese wealthy people are competing to participate in Xiaomi's upcoming Hong Kong initial public offering, casting a vote of trust in the world's largest IPO feast in two years.
People familiar with the matter revealed that former Cheung Kong Chairman Li Ka-shing plans to invest $30 million in Xiaomi's IPO, and the number of shares subscribed is unknown. Alibaba founder Jack Ma and Tencent Chairman Ma Huateng also agreed to subscribe to Xiaomi shares, according to people familiar with the matter. Since the personal investment matters discussed were not disclosed, an insider requested anonymity.
These three billionaires have joined a group of large companies to support Xiaomi's IPO, which is expected to raise funds to up to US$6.1 billion. The deal will be the world's largest IPO after China Postal Savings Bank raised $7.6 billion through its Hong Kong IPO in 2016. China's largest wireless operator, China Mobile, and U.S. chip maker Qualcomm, have agreed to subscribe to Xiaomi shares as cornerstone investors, under the terms of the deal obtained by Bloomberg. (Sina Finance)
9. In the second recent case, Baidu's pre-trial employee breached the contract and joined the headlines to claim 1.4 million yuan
Recently, Baidu sued former employees again for violating the "competition agreement" and joined Toutiao. Baidu sued the labor arbitration department for this, demanding a total of more than 1.4 million yuan in compensation for restricted compensation and liquidated damages. This is also the second time Baidu sued former employee for breach of contract and joined Toutiao.
According to Baidu, a former senior R&D engineer of the company resigned for private reasons and reached an agreement with Baidu on the competition agreement signed when he joined the company. According to the agreement, he shall not join Baidu's competitors and their affiliated companies within one year from the date of resignation, and Baidu will need to pay a certain amount of economic compensation to him on a monthly basis. However, less than a week after resigning, the employee violated the restricted-compete agreement and quietly joined the Toutiao affiliated company and received 9 months of restricted-compete compensation. (NetEase Technology)
Cross-border e-commerce
10. PingPong, a cross-border payment service provider, officially connects to the six major sites in Shopee Southeast Asia.
36Kr News, cross-border payment service provider PingPong announced that from June 26, PingPong will officially connect to Shopee's six major sites in Southeast Asia, covering Malaysia, Taiwan, Indonesia, Thailand, the Philippines and Singapore. Shopee is the largest e-commerce platform in Southeast Asia and Taiwan. It is backed by its parent company Sea, and Tencent is Sea's largest shareholder. In addition, in response to the difficulty of financing for cross-border enterprises in China, PingPong has established the Honghu Fund to help outstanding Chinese sellers achieve capitalization. (36Kr)
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