#Laogao E-commerce Newsletter #July 11 E-commerce Morning News

"#Laogao E-commerce Newsletter# [E-commerce Morning News on July 11]" Online stores are reviewed and deleted bad reviews are planned to be included in the list of serious illegal and dishonest violations; Alibaba's diamond booth upgraded to add new crowd filtering targets; Vipshop acquired Shanshan Commercial Group for 2.9 billion yuan, intending to deploy offline outlet business; the US Department of Commerce lifted the ban on some American companies supplying Huawei; 2019 Fortune China Top 500: Baidu's term declines, Meituan becomes the king of losses...

E-commerce newsletter

1. Microsoft will open its first retail store in Europe

July 11th news, Microsoft will open its first retail store in Europe on Thursday. The 21,932 square feet (about 2,038 square meters) retail store will be opened in Oxford Circus in the heart of London's famous shopping district, just near Apple's Regent Street flagship store. It is reported that this will be Microsoft's third flagship store, with the other two flagship stores opening in Sydney and New York respectively. (E-commerce News)

2. Online stores are reviewed and deleted and negative reviews are intended to be included in the list of serious violations and dishonest violations.

Starting from July 10, the "Regulations on the Management of Serious Illegal and Breach of Trust" drafted by the State Administration for Market Regulation will be solicited for public comments. 36 situations such as administrative penalties for online stores to brush up positive reviews and delete bad reviews, and the production and sale of fake drugs are expected to be included in the list of serious violations and dishonest debts. (Beijing Youth Daily)

3. Alibaba Yidatong officially launches intelligent customs declaration products--IC-more

Recently, Alibaba OneTone officially launched the intelligent customs declaration product - IC-more, which provides customers with customs declaration needs with one-stop intelligent customs clearance services including smart order recording, manifest information backfilling, real-time customs status tracking, and data cloud storage. So far, the number of cooperative customs declaration companies has exceeded 260, covering more than 52 industries, and accumulated users exceeds 20,000. (Yibang Power Network)

4. Alibaba Mama Diamond Booth upgraded to add new population filtering targeting

According to July 10, recently, the Diamond Booth (hereinafter referred to as Diamond Exhibition), a display and promotion platform under Alibaba Mama, has made a new upgrade to its products based on consumer operations. It not only builds a multi-target delivery management system for different time periods in which the store is located, effectively reducing the delivery cost, but also clarifies the main consumer groups and goals of each stage during the entire delivery process, and effectively transforms them through novel creative forms and newly upgraded targeted capabilities. (E-commerce News)

5. Vipshop acquires Shanshan Commercial Group for 2.9 billion yuan, intending to deploy offline outlet business

On July 10, Vipshop signed an acquisition agreement with Shanshan Group Co., Ltd. and Ningbo Xingtong Chuangfu Equity Investment Partnership (Limited Partnership) in Shanghai on the morning of Beijing time, through its wholly-owned subsidiary Vipshop International Holdings Limited, a wholly-owned subsidiary of Hong Kong, to acquire 100% of the shares of Shanshan Commercial Group Co., Ltd. for 2.9 billion yuan in cash.

Vipshop said that through this acquisition, Vipshop has laid out offline outlet business and actively explored the online and offline integrated sales model to realize the omni-channel sales retail layout of online and offline integration.

Shanshan Commercial Group Co., Ltd. is located in Ningbo and is an outlet chain group ranked among the top in the domestic market. The company has opened and operated five outlet squares, located in Ningbo, Taiyuan, Harbin, Zhengzhou and Nanchang. There are also five outlet squares under planning and construction. (Europe)

Internet news

6. The Law Enforcement Corps of the Shanghai Municipal Transportation Commission conducted random inspections on Didi, Shouqi and Meituan Taxi

On July 10, the Law Enforcement Corps of the Shanghai Municipal Transportation Commission conducted household law enforcement inspections on three online car-hailing platform companies, "Shouqi Car-hailing", "Meituan Taxi" and "Didi Chuxing". The law enforcement department issued a ticket on the spot for platforms that were not rectified. At the scene, the Law Enforcement Corps did not find any non-compliant vehicles during the random inspection of Shouqi Car-hailing. Five non-compliant vehicles were found in the random inspection of Meituan Taxi, and 11 non-compliant vehicles were issued in the random inspection of Didi Chuxing. (E-commerce News)

7. The U.S. Department of Commerce lifts ban on some U.S. companies supplying goods to Huawei

According to July 10, the U.S. Department of Commerce will issue licenses to some U.S. companies to allow these companies to continue doing business with Huawei while ensuring U.S. national security. It is worth noting that Huawei is still on the "blacklist" of the US Department of Commerce. (E-commerce News)

8. Fortune China Top 500 in 2019: Baidu noun declines, Meituan becomes the king of losses

Fortune Chinese website released the 2019 Fortune China Top 500 rankings. The total operating income of 500 listed Chinese companies on the list reached 45.5 trillion yuan, an increase of 14.8% over last year. Alibaba ranked 24th with revenue of 345.3 billion yuan, up 11 places; Tencent ranked 27th with revenue of 312.7 billion yuan, up 6 places; Baidu ranked 92nd with revenue of 102.3 billion yuan, down 1 place. In the "loss" list, Meituan Dianping ranked first in the loss list, with a loss amount of nearly 115.5 billion yuan. (interface)

9. Meituan Dianping and Xiami shrimp noodles launch smart store

July 11th news, recently, a smart store launched by Meituan Dianping and Xiami shrimp noodles was unveiled in Guangqicheng, Shanghai. Data shows that after the transformation of Meituan Dianping Smart Store, the average 2 to 4 minutes required for orders in the store’s traditional cash register model can be shortened to an average of 45 seconds, and the merchant’s efficiency will be increased by at least about three times. (E-commerce News)

Cross-border newsletter

10. Delhi courts in India prohibit e-commerce platform sellers from selling unauthorized products

Foreign media reported that the Delhi High Court in India has banned e-commerce giants such as Amazon, Flipkart and Snapdeal from selling health and beauty products from direct sellers such as Amway, Modicare and Oriflame without their consent.

The Supreme Court of India made this order based on appeals from three direct sellers. The three direct sellers claim that the products under their brand are sold at lower prices on e-commerce platforms, causing them financial losses. They also worry that the goods may be tampered with information or counterfeit.

The court said: "The large-scale violations on e-commerce platforms are affecting and endangering the operating rights of these companies, and also affecting the rights of consumers." (Hugo.com)

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