#Laogao E-commerce News# [November 6 E-commerce Evening News Brief] Online store owners are sentenced to 10 years for tax evasion: the minimum sentence is already the minimum sentencing; Suning operates free shipping on Double 11, and the order volume of orders below 86 yuan increased by 186%; JD Logistics' first all-cargo aircraft successfully voyages will expand international routes in the future; Alibaba AI new species will be on Double 11, generating 200 short videos within one minute; Wanda Movie has been hitting the limit continuously after resuming trading...
E-commerce newsletter
1. The lawyer sentenced to 10 years for online store owners to purchase tax evasion: the minimum sentence is already
A Taobao store owner from Zhuhai, Guangdong was sentenced to 10 years in prison for purchasing agents and apologized in an online store. The verdict shows that Taobao store owner You smuggled clothing worth more than 10 million yuan and evaded taxes for more than 3 million yuan. He was sentenced to 10 years in prison and fined 5.5 million yuan. The lawyer said this was the minimum sentence. (Beijing News)
2. Suning’s self-operated free shipping fee on Double 11, with orders below 86 yuan increasing by 186%
Suning announced today that after implementing full exemption of shipping fees for self-operated products on Double 11, the number of orders for self-operated less than 86 yuan on the platform increased by 186% from November 1 to November 5. According to the relevant person in charge of Suning Logistics, "The volume of parcels has increased significantly recently, mainly reflected in small packages. On the day of the good start on November 1, the delivery order volume was similar to that of 618." (Yibang Power)
3. Vipshop signs the exclusive e-commerce cooperation agreement for British luxury goods Ginavan at the CIIE
On November 6, Vipshop and British luxury brand Gina Fan signed a strategic cooperation agreement at the first China International Import Expo, announcing that Vipshop became the exclusive e-commerce partner of Gina Fan in China. At the same time, diamond shoes designed by world-class designer Zhou Yangjie, founder of Gina Fan, and designer Hong Dajun, who was born in a jewelry family, jointly launched the world for the first time. (E-commerce News)
4. Alibaba AI new species on Double 11, generating 200 short videos in one minute
On Double 11 this year, a new AI species was launched in Alibaba and can produce 200 short videos of product display in one minute. Alibaba Wood is the research and development result of the joint laboratory of Alibaba and Zhejiang University. Through AI technology, it opens up the emotional connection between goods and humans for the first time. The trial effect of Double 11 merchant Semir shows that the cost of video production is reduced by 90%, and the conversion rate of product transactions is increased by 50%. (36Kr)
5. Suning: During the CIIE, it will receive 120 billion overseas purchase orders
On the morning of November 6, the first China International Import Expo was held in Shanghai. Suning Group announced that during the CIIE, overseas purchase orders are expected to reach 15 billion euros (about 120 billion yuan). (Sina Technology)
Internet Information
6. JD Logistics' first all-cargo aircraft successfully voyages will expand international routes in the future
On November 6, the HT3806 flight from Guangzhou, operated by Boeing 737 aircraft took off at around 7:50 am. After about 3 hours of flight, it crossed more than 1,900 kilometers and landed smoothly at Tianjin Binhai Airport. This marked the successful first voyage of JD Logistics' first all-cargo aircraft, and JD Logistics has since entered the era of all-cargo aircraft. This solid step in the aviation strategy has also set new coordinates for JD Logistics to build a global intelligent supply chain basic network (GSSC). (Tencent Technology)
7. Kuaishou reached cooperation with Pingjiang County, Hunan
Kuaishou announced today that it had reached a strategic cooperation with Pingjiang County. It is reported that Kuaishou will provide 500 million yuan in traffic resources to support it in the next three years, and will promote special pages of special products of hundreds of national-level poverty-stricken counties, including Pingjiang County, to connect high-quality and low-priced specialties to the large market to achieve sustainable poverty alleviation and prosperity for farmers. (36Kr)
8. Wanda Movie has been hit by the limit after resuming trading
On November 6, Wanda Movie hit the limit again at the opening of the market today, and hit the limit for the second consecutive trading day after resuming trading. During the suspension of Wanda Film, the Cultural Media Index (Shenwan) fell by as much as 46%. The stock's after-hours data showed that the institutional funds game was obvious, with four institutional seats buying 35.429 million yuan, and Shenzhen Stock Connect seats buying 1.31 million yuan; four institutional seats selling 41.03 million yuan. (Securities Times·e Company)
Cross-border e-commerce
9. Amazon temporarily cancels the limit on free shipping for US customers
According to November 6, Amazon announced that it would cancel the lower limit on free shipping for US customers this holiday season, which will take effect from November 5 until the company fails to ensure that orders can be delivered in time on Christmas without additional charges. Generally, shipping takes 5 to 8 working days. Amazon's stock price fell 2.3% yesterday (5th), and some analysts said the discount will reduce Amazon's current quarterly operating profit by 5% to 6%. Amazon cut its free shipping limit in May last year, down from $35 to $25. (E-commerce News)
10. Amazon and Walmart compete for the Indian e-commerce market
On November 6, Amazon hopes that Indians can adapt to e-commerce and is competing with Walmart for the victory, and the winner will win 1.3 billion consumers. Walmart couldn't wait to catch up with Amazon in the Indian market, and spent $16 billion in May to acquire Flipkart Online Services Pvt, a major competitor in India and a local e-commerce company in China. (Crowdfunding Home)
Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!
,
EN
CN
