#Laogao E-commerce Newsletter# [E-commerce Morning News on July 17]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on July 17] 1. The first e-commerce platform lawsuit in the country was pronounced: It is determined to constitute a false transaction; 2. Pinduoduo updated its prospectus: It plans to log in to Nasdaq to raise up to US$1.87 billion; 3. Another P2P burst: Wynn Bao APP spontaneously reported that its boss was missing; 4. It is rumored that Ele.me is seeking a new round of 2 billion financing, and the official has no response yet; 5. Didi expects to split its car service business to pave the way for IPO plans...

　　E-commerce newsletter:

　　1. The first case of e-commerce platform suing for swiping in the country: It is determined to constitute a false transaction

　　Because of false order brushing in shopping transactions, e-commerce platform buyer Li was considered to have violated the platform rules and constituted a breach of contract. Recently, the Yuhang District Court of Hangzhou City made a judgment in the case of the e-commerce platform suing Li Mou, supporting the e-commerce platform for claiming 1 yuan. It is reported that this is the first case of an e-commerce platform suing "sweepers" in the country. (Beijing News)

　　2. Pinduoduo updated its prospectus: It plans to raise up to US$1.87 billion on Nasdaq

　　On July 17, the new e-commerce platform Pinduoduo updated the prospectus submitted previously to the Securities and Exchange Commission (SEC).

　　Relevant documents show that Pinduoduo plans to apply for listing in the Nasdaq Global Selected Section, code: PDD. The underwriters of Pinduoduo's IPO are Goldman Sachs, Credit Suisse, CICC and Huaxing Capital, and the entrusted bank is Deutsche Bank.

　　The company will issue 85,600,000 American Depositary Stocks (ADS) at a price of $16 to $19 per share, with a maximum proposed financing of $1.87 billion. Tencent and Sequoia Capital plan to increase their holdings by US$250 million respectively in this round of IPO.

　　The updated prospectus disclosed that the company plans to use 40% of the fundraising funds to enhance and expand the company's existing business, 40% will be used for technology research and development, and the remaining funds will be used for daily company operations and potential investment projects. (Chuangyebang)

　　3. Alibaba reached cooperation with 9 universities in Chongqing

　　Recently, Alibaba has reached cooperation agreements with nine universities including Chongqing University, Chongqing Jiaotong University, Chongqing University of Arts and Sciences, and Chongqing Engineering Vocational and Technical College. Wang Xiaofei, general manager of Alibaba Cloud University, introduced that companies will use their own advantages to cooperate with universities to accelerate the cultivation of big data talents, use market-oriented advantages to join practical and practical training, and use industry standards, skill certification and other methods to guide and evaluate students. It is understood that Alibaba's cutting-edge technologies in big data, cloud computing, Internet of Things, artificial intelligence, etc. are being applied to economic development, social governance, people's livelihood services and other fields. (Chongqing Daily)

　　4. Liangpinpuzi needs to face food safety doubts when applying for a revenue of 5.4 billion yuan.

　　After Three Squirrels' initial public offering (IPO), another snack seller has applied for listing. This time it is a Liangpin Shop headquartered in Hubei Province and conducts omni-channel snack sales.

　　The snacks produced and sold by Liangpin Shop include meat snacks, nut roasted goods, candy pastries, dried fruits and dried fruits, vegetarian delicacies, etc. In the draft prospectus disclosed last month, the company stated that the company plans to issue no more than 41 million common shares, no less than 10% of the company's total share capital after the issuance. (Interface News)

　　Internet Information

　　5. Another P2P explosion: Wynn Bao APP spontaneous news said that the boss was missing

　　The Wynn Bao APP today pushed news that "the platform boss Yu Gang and Zhang Yufeng are now missing. Please call the police quickly to protect their rights!" According to reports, Yu Gang, the former chairman of No. 1 store, has participated in Wynn Bao's B round financing. At present, Yu Gang is still serving as the director of Wynn Bao. (Chuangyebang)

　　6. TikTok announced that the global monthly active users exceeded 500 million

　　On the evening of July 16, Douyin announced the latest user data: the global monthly active users exceeded 500 million. This is the first time that Douyin has announced its global monthly active user data to the public. Last month, Douyin announced that the domestic daily active users reached 150 million and the monthly active users reached 300 million. (21st Century Business Herald)

　　7. It is said that Ele.me is seeking a new round of 2 billion financing, no response has been made yet

　　On July 16, according to Bloomberg, Ele.me is seeking a new round of financing of $2 billion. It was valued at $9.5 billion when it was acquired by Alibaba in April this year. Ele.me has no response to this yet.

　　It is worth noting that since the merger of Meituan and Dianping, the impact on Ele.me has continued to increase. At the same time, Meituan has just submitted a prospectus to the Hong Kong Stock Exchange. Some analysts said that if Meituan successfully goes public, it will obtain a large amount of capital reserves and the pressure on Ele.me will continue to increase. (36Kr)

　　8. Didi expects to split its vehicle service business to pave the way for IPO plans

　　"Finance" exclusively learned that Didi will split its car service business, and this spin-off is to prepare for Didi's listing plan.

　　Regarding this spin-off, the information currently obtained by Finance is that Didi Car Service is preparing to raise US$1 billion to US$1.5 billion at a pre-investment valuation of about US$3 billion. SoftBank is one of the intended investors. However, the final plan has not been completely finalized. (Financial)

　　9. LeTV Building was renamed to Lerong Building and was pledged to Lerong Zhixin last year

　　LeTV Building has recently been officially renamed LeTV Building. At the end of last year, a screenshot of a certain intermediary’s WeChat Moments showed that LeTV Building, located on Yaojiayuan Road, Beijing, is on sale. The above-ground area is 20,000 square meters, the price is 1.4 billion yuan, the front and back yards are sufficient, and the front and back yards are marked as “emergency sales.” (Chuangyebang)

　　Cross-border e-commerce

　　10. Amazon and eBay account for 66% of the German e-commerce market

　　According to the Digital Shopping Index released by EY-Parthenon, Amazon, eBay and eBay Classifieds account for 66% of the German e-commerce market. Meanwhile, Amazon and eBay are ahead of all other major e-commerce platforms in Germany, and other top 50 online retailers can’t even occupy 3% of the market share. It is understood that Amazon has 28.7% of the market share, while eBay has 22.9% of the market share, and eBay's community classified ad network ranks third with a market share of 14.8%. (Source: Hugo.com)

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