#Laogao E-commerce Newsletter# [May 7 E-commerce Morning News] No orders and credit speculation: The supervision and management measures for online transactions are solicited for opinions from the public; Suning.com repurchases 0.45% of shares, a total amount of 540 million yuan is spent on repurchasing 0.45% of shares; WeChat: Starting from now on, special governance actions to combat "selling contraband products/services"; Xiaohongshu Double Products Festival Special Zone Half-course Battle Report: Sales exceed 260 million yuan; Report: Top 10 mobile payment cities are released, Shanghai, Hangzhou and Beijing are among the top three...
E-commerce newsletter
1. No orders and credit speculation are allowed: Online transaction supervision and management measures are soliciting opinions from the public
The fictitious transactions, fabricating user reviews, deleting user adverse reviews and other acts of bending orders and credit speculation in online transactions will be explicitly prohibited. The State Administration for Market Regulation recently solicited opinions from the public on the "Regulations on Supervision and Administration of Online Transactions (Draft for Comments)". The draft for soliciting opinions proposes that online transaction operators should disclose product or service information comprehensively, truthfully, accurately and timely, and sell goods or provide services with clear prices, and do not fabricate transactions, fabricate user reviews, delete user adverse reviews, etc. (Chuangyebang)
2. Suning.com repurchases 0.45% of shares to a total amount of RMB 540 million
On the evening of May 6, Suning.com issued an announcement stating that as of the end of April, the company had repurchased 0.45% of its shares, with a total transaction amount of 540 million yuan.
The announcement shows that as of the end of April, the company has repurchased 41.671 million shares, accounting for 0.45% of the company's total share capital. The highest transaction price is 14.60 yuan/share, the lowest transaction price is 10.35 yuan/share, and the total amount paid is 542.3927 million yuan (excluding transaction fees). (E-commerce News)
3. WeChat: Start a special governance campaign to combat "selling contraband products/services" from now on
On the evening of May 6, the "WeChat Security Center" issued an announcement today stating that in order to regulate the information release behavior of WeChat/QQ accounts and protect the information security and legitimate rights and interests of users, Tencent 110 and WeChat/QQ will launch a special governance action to combat the "selling of contraband products/services" from now on.
If a WeChat/QQ account publishes, displays, and disseminates information on selling various "banned goods/services" in any form, a step-by-step crackdown mechanism will be adopted in accordance with the requirements of relevant national laws and regulations and the provisions of the "WeChat Personal Account Usage Specifications", "QQ Software License and Service Agreement", and "Tencent 110 Service Agreement". (Sina Finance)
4. The half-time battle report of Xiaohongshu Double Products Festival Special Zone: Sales exceed 260 million yuan
Xiaohongshu announced the half-time record of the "Double Product Online Shopping Festival": From April 28 to May 4, the sales of the platform's Double Product Festival area exceeded 260 million yuan, and the order volume exceeded 1.2 million. From April 28 to May 10, the Ministry of Commerce, the State Post Bureau and the China Consumers Association organized major e-commerce platforms and postal express companies to carry out the "Double Product Online Shopping Festival" activity. 10 e-commerce platforms including Alibaba, JD.com, Suning.com, NetEase, Gome, Vipshop, Jumei Youpin, Xiaohongshu, COFCO Womai.com, and Shixing Fresh participated. (Yibang Power)
5. Report: Top 10 mobile payment cities are released, Shanghai, Hangzhou and Beijing are among the top three
On May 6, the "China Mobile Payment Development Report (2019)" was released at the Second Digital China Construction Summit in Fuzhou. The report shows that at the end of 2018, China Mobile Payment Development Index (CMPI) was 197.84, with Shanghai, Hangzhou and Beijing ranking among the top three. The report shows that in 2018, the top ten cities in the mobile payment index were: Shanghai, Hangzhou, Beijing, Wuhan, Chongqing, Tianjin, Shenzhen, Guangzhou, Wenzhou and Nanjing. (Economic Reference News)
Internet Information
6. Terry Gou: You cannot announce the successor before the board of directors
On the afternoon of May 6, Hon Hai Chairman Terry Gou responded to the question of Hon Hai’s successor at a press conference. Terry Gou said, I will not answer today. We will hold a board meeting on May 10. Whoever is on the board list will be the possibility of being. I can't announce the candidate before the board, guessing is useless. (Sina Finance)
7. Tencent and Ctrip Group provide digital transformation for more than 7,000 offline stores
ShouTravel Group, Tencent, ShouTravel Huike, AiKiao and others have reached strategic cooperation to jointly provide digital capabilities for ShouTravel Group's "6+2" business formats of more than 7,000 stores in food, accommodation, travel, travel, shopping, entertainment, cultural tourism, and aviation tourism. Tencent and Aikong will use Internet application resources such as connection, social networking, marketing and smart retail solutions to create a three-in-one group system construction for ShouTu Group with "operation business + big data analysis + marketing services". (Blue Whale Finance)
8. It is rumored that Jia Yueting’s return to China has filed an investigation into Jia Yueting’s LeTV.com
According to media reports today, Jia Yueting, the largest shareholder of LeTV and actual controller of Faraday Future, is about to return to China to cooperate with the China Securities Regulatory Commission's investigation. According to all-weather technology reports, LeTV did not respond to this. Some insiders said that everything must be announced by listed companies at present, and the public should not spread rumors. In addition, according to Cailianshe, FF related persons responded, "The information disclosure of listed companies shall prevail, because this has nothing to do with FF." (IT Home)
9. Cook: Apple acquires a company every two to three weeks on average
Apple CEO Cook said in an interview that Apple acquires a company every two to three weeks on average. Cook said that in the past six months alone, Apple has acquired about 20 to 25 companies. But he also stressed that "because these companies are small, Apple usually does not announce these transactions, and the company's main purpose is to find talents and obtain relevant intellectual property." Apple promises to donate $350 billion to the United States through expansion and taxes on remittances over the next five years. (Tencent Technology)
Cross-border e-commerce
10. Imported retailer KK Pavilion opens flagship stores and cross-border e-commerce starts an offline battle
According to May 7, the offline market is becoming a track for cross-border e-commerce platforms to pour in. Just recently, the domestic imported retailer KK Pavilion released a new flagship brand KKv and opened its first KKv offline store in Minying Guomao City, Dongguan. It is understood that the KKv store area is more than 1,000 square meters, and the store sells overseas imported products and trendy new domestic products, including practical clothing, maternal and child products, flowers and green plants, pet products, special cultural relics and other dozens of sub-paragraphs. At this point, the types of offline stores of KK Hall will be increased to 3: standard store, black gold store and flagship store KKv. (E-commerce News)
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