E-commerce newsletter
1. Pet vertical e-commerce "PetPlus" received US$5 million in Series A financing
Pet e-commerce "PetPlus" based on WeChat ecosystem recently completed a US$5 million Series A financing. The leading investors in this round are LB Investment, followed by Zhonghai Investment and old shareholder Lightspeed China, and Zhishi Capital serves as the exclusive financial advisor. After the round of financing is completed, the team will further strengthen its customer acquisition capabilities, and will continue to cooperate with more brands on the supply chain side. (36Kr)
2. Xiaohongshu invites bloggers to participate in American Red Man’s Day and reaches cooperation intentions with domestic and foreign MCN institutions
Recently, VidCon, the world's largest content creator exchange meeting called "American Red Man's Day", was held in Los Angeles, USA. Xiaohongshu also invited platform bloggers to attend the meeting. Seven Xiaohongshu bloggers had in-depth exchanges with internationally renowned content creators in content production, fan operation, commercialization, etc. Xiaohongshu also communicated with many Chinese and foreign MCN agencies at the VidCon conference and reached cooperation intentions. Xiaohongshu said that the platform will launch a series of activities in the future to continue to encourage bloggers and support them in participating in industry exchanges. (Yibang Power)
3. JD.com's method is changed and new telecommunications business is added
Tianyan Check data shows that recently, BOE Technology Group Co., Ltd. has undergone industrial and commercial changes, and the legal representative has been changed from Wang Dongsheng to Chen Yanshun, and the business scope has been added to operate telecommunications business. (36Kr)
4. The first stock of China's e-commerce shopping guide "What's worth buying" is listed today, with an issue price of 28.42 yuan
On July 15, it is reported that the content e-commerce shopping guide platform "What is worth buying" that has twice impacted the GEM IPO, Beijing VIP Technology Co., Ltd. will be listed on the Shenzhen Stock Exchange GEM on July 15, becoming the "first e-commerce shopping guide in China". According to the company's previously released "Announcement on the results of the initial public offering and listing on the GEM", the company's initial public offering shall not exceed 13.333334 million shares of ordinary shares (A shares), with an issue price of 28.42 yuan per share. (E-commerce News)
5. The e-commerce penetration rate of China's Internet Prosperity Report is the highest in the world
On July 14, the China Academy of Information and Communications released the "China Internet Industry Development Trend and Prosperity Index Report (2019)". The report shows that in 2018, my country's online retail sales accounted for 18.4% of the total retail sales of consumer goods, making it the market with the highest penetration rate of e-commerce in the world, 6.4% higher than South Korea, the second-ranked one. However, my country's e-commerce growth rate is gradually slowing down. From January to April 2019, the national online retail sales increased by 17.8% year-on-year, down from 24% in 2018 and 32% in 2017. (E-commerce News)
Internet news
6. Huanxun Payment was fined nearly 60 million yuan for illegal payment business regulations
On July 13, the Shanghai Branch of the People's Bank of China recently released the information disclosure form for administrative penalty (Issue 123, 2019). According to the announcement table, Xunfu Information Technology Co., Ltd. was warned by the Shanghai Branch of the People's Bank of China for illegal payment business regulations, and the illegal income was confiscated by 9,686,811.16 yuan (9.68 million yuan), and a fine of 49,707,245.21 yuan (49.7 million yuan), with a total fine of 59,394,056.37 yuan (59.39 million yuan). The Shanghai Branch of the People's Bank of China also warned and imposed a fine on the relevant responsible persons of the company. The date of administrative penalties is July 1, 2019. (Oriental Fortune News)
7. Unicom refutes the rumor that “does not support Huawei”: it will protect its rights and interests through legal means
According to reports on July 14, China Unicom said that recently, some self-media fabricated rumors that "companies that do not support Huawei are actually one of the four major domestic operators" and "Universal of China Unicom has ushered in a big move, and 5G partners have finally confirmed that it is not Huawei." It has reversed the black and white of China Unicom's 5G cooperation and procurement, subjective conjecture, wanton distortion, and malicious slander. These self-media have no bottom line in order to attract attention. China Unicom strongly condemns this kind of slanderous act of bad intentions, fabricating out of thin air, inciting public sentiment, misleading public opinion, and extremely irresponsible rumor-making slander, and reserves the right to protect the company's legitimate rights and interests through legal means. (E-commerce News)
8. US retailers' stores closures are accelerating, and this year may exceed 12,000
According to a follow-up investigation by consulting firm Coresight Research, U.S. retailers have announced the closure of 7,062 stores so far this year. By the end of 2019, this number may exceed 12,000, setting a new record. Last year, Coresight tracked 5,524 stores, a decrease of more than 30% from the historical record of 8,139 in 2017. (Sina.com)
9. The top 30 listed Internet companies in the world are announced to account for 1/3 of them.
The 2019 "China Internet Industry Development Trend and Prosperity Index Report" recently released by the China Academy of Information and Communications Technology lists the latest list of the top 30 global listed Internet. Data shows that as of the end of 2018, there were 10 companies on the list in China, an increase of 1 from 2017. The report pointed out that Chinese Internet companies have ushered in a new wave of listing since 2014. In 2018, there were 25 newly listed Internet companies, including leading companies in vertical fields such as Alibaba, Meituan Dianping, Tencent Music, Pinduoduo, and iQiyi. (E-commerce News)
Cross-border newsletter
10. Amazon reaches cooperation with Lady Gaga beauty brand Haus Laboratorie
Amazon is consuming its market influence to help Lady Gaga's new beauty brand compete with many celebrities in the industry. At first, the beauty brand Haus Laboratories founded by Lady Gaga intends to sell makeup products directly online without considering any partner or retail distribution, people familiar with the matter said. But in the fourth quarter of last year, the company began negotiations with Amazon. (Sina Technology)
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