November 25th E-commerce Morning News

　　#Laogao E-commerce Newsletter# [November 25 E-commerce Morning News] Alibaba: Hong Kong IPO received 42.44 times oversubscribed by retail investors; it is rumored that Amazon will open a store in Pinduoduo; NetEase responds to violent layoffs: verification is underway, but the care for employees will not end due to resignation; Ren Zhengfei resigned as vice chairman of Beijing Huawei Digital Technology Co., Ltd.; Luo Yonghao held a press conference in December: new products may be "black technology" antibacterial materials...

　　E-commerce newsletter

　　1. Alibaba: Hong Kong IPO received 42.44 times oversubscribed for retail investors

　　On November 25, Alibaba announced on the Hong Kong Stock Exchange that the Hong Kong Offer Shares that were initially available for subscription under the Hong Kong public offering were oversubscribed. A total of 215,598 valid applications were received under the Hong Kong public offering through the white-top eIPO service and the central settlement system EIPO service, subscribing a total of 530 million Hong Kong offering shares, equivalent to approximately 42.44 times the total number of Hong Kong offering shares initially available for subscription under the Hong Kong public offering. (Tencent News)

　　2. Vipshop announced a cooperation with SF Express, and its self-operated express delivery Pinjun Express business will be terminated

　　On November 25, Vipshop announced that it had reached a business cooperation with SF Express. From now on, Vipshop will terminate its self-operated express delivery business of Pinjun and entrust SF Express to provide delivery services. Vipshop said that the adjustment of the self-operated express delivery business is in line with the group's overall business strategy. Before the formal cooperation was reached, SF Express had undertaken part of Vipshop's logistics distribution and return and exchange express business as a third-party logistics supplier for Vipshop's JITX business. At present, it has basically achieved the connection between the internal inventory management system and SF Express express link path. (36Kr)

　　3. It is said that Amazon will open a store in Pinduoduo

　　According to people familiar with the matter, Amazon will open a store on the Chinese e-commerce platform Pinduoduo today (November 25). The source said Amazon's Pinduoduo store will be purchased from overseas. Previously, Amazon announced that it would close its e-commerce business in China, and will only retain cloud computing, Kindle and cross-border trading services in the future. (Sina US stocks)

　　4. China E-commerce Poverty Alleviation Alliance has helped poor areas sell agricultural products of more than 2 billion yuan

　　On November 24, the China E-commerce Poverty Alleviation Alliance recently held a negotiation meeting on the promotion of special agricultural products brands in Sichuan in poverty-stricken areas in Chengdu. Alibaba and nine member units of the China E-commerce Poverty Alleviation Alliance signed 28 cooperation intentions with local enterprises, with a contract amount of more than 100 million yuan. In addition, as of now, 29 units in the China E-commerce Poverty Alleviation Alliance have helped poor areas sell agricultural and special products for more than 2 billion yuan. (Xinhuanet)

　　Internet news

　　5. Tantan launches flash chat function in some areas

　　On November 25, recently, the social product Tantan added a new function "Flash Chat". Users can immediately match an online user with a "face mask" chat. Text, voice, pictures, etc. can be sent during the chat. The two parties have 20 sentences to chat, the avatar will automatically become clearer, and both users will become matched. The "Flash Chat" function mainly prompts users through pop-up windows. At present, this function has been initially launched in Shandong, Henan, Hunan, Anhui, Shaanxi and other places, and is expected to be promoted nationwide in the near future. (36Kr)

　　6. NetEase responds to violent layoffs: Verification is underway, but the care for employees will not end due to resignation.

　　On November 24, there was an article titled "NetEase layoffs, asking security guards to drive me, who was suffering from terminal illness, out of the company. The nightmare I experienced personally at NetEase! 》's article is circulating in the circle of friends, and the article says that he has encountered many unfair treatments at NetEase Games.

　　Tonight, the Public Relations Department of NetEase Company responded: The company has arranged a special team from the group level and is already conducting verification. It takes a little time to verify the situation, but it can be clear that at present, all the company's support and care will not end due to the employee's resignation.

　　In a previous article, the employee said, "I am a game planner of NetEase. After graduating from Shanghai Jiaotong University in 2014, I joined NetEase to work. Until the end of 2018, when news of NetEase breaking contracts for fresh graduates, laying off employees the last day before the New Year, and threatening employees, I still didn't want to believe that this was NetEase's actions. I didn't expect that soon I would personally experience coercion, calculating, surveillance, frame-up, threats, and even being kicked out of the company by the security guard."

　　The employee said he had negotiated with NetEase for several months. In the process, he was treated unfairly by NetEase Games, including forced provocations in compound, taking the blame in disguise, being resigned early, being framed, and violently expelled by security guards. (Tencent Deep Network)

　　7. Xiaomi's European shipments increased by 73%

　　On November 24th, on the 23rd, research institution Canalys released a report on the European smartphone market. The report pointed out that Xiaomi's shipments in the European market reached 5.5 million units in the third quarter of this year, an increase of 73% over the same period last year; its market share increased to 10.5%, ranking fourth. (Titanium Media)

　　8. Ren Zhengfei stepped down as vice chairman of Beijing Huawei Digital Technology Co., Ltd.

　　According to news on November 24, Tianyan Check data showed that on November 22, Beijing Huawei Digital Technology Co., Ltd. experienced industrial and commercial changes, former vice chairman Ren Zhengfei withdrew, former chairman Sun Yafang withdrew, and former directors Xu Wenwei, Guo Ping and others withdrew. In addition, Sun Yafang stepped down as legal representative and Tian Xingpu took over.

　　Tianyan Check data shows that Beijing Huawei Digital Technology Co., Ltd. was established in March 2006 with a registered capital of RMB 300 million. The company's business scope includes engaging in the research and development, sales and technical services of communication products; import and export of goods, agency import and export, and technology import and export. The company is wholly owned by Huawei Investment Holdings Co., Ltd. (NetEase Finance)

　　9. Luo Yonghao held a press conference in December: New products or "black technology" antibacterial materials

　　According to November 24, Luo Yonghao has recently announced that he will hold a black technology press conference on "The Elderly and the Sea" on December 3. What products will this press conference bring? This has attracted widespread attention from the outside world.

　　According to the latest news, what Luo Yonghao will release next month will be a new material, which is somewhat different from the product style he previously involved. It is reported that this "black technology" material mainly features "anti-bacterial coating" that inhibits bacterial growth, and also has anti-fouling and anti-allergic properties.

　　Industry insiders said that the information posted by Luo Yonghao on Weibo was basically consumer products, such as maternal and infant, yoga mat, travel cup, Durex, etc. These products have one thing in common, namely contact with the human body, daily necessities, etc., so from these details, it can basically be inferred that the release of safety materials such as antibacterial, anti-fouling, and anti-allergic materials should be anti-bacterial, anti-fouling, and anti-allergic. (Silicon Valley Analytics Lion)

　　Cross-border newsletter

　　10. AliExpress's new investment policy: the annual fee is changed to a deposit, and if the three assessments fail to meet the standards, they will be cleared.

　　Recently, AliExpress issued an announcement stating that in order to better protect consumer experience and regulate sellers' business behavior, the platform will launch a new investment policy at around 14:00 pm on November 27, 2019 Beijing time.

　　It is reported that new sellers who apply for entry after the new investment policy are launched do not need to pay an annual fee to the platform, but they should provide a deposit in accordance with the seller's rules.

　　It is understood that the seller's service ability assessment has not met the requirements in a total of 3 times, and the platform has cleared the account. (Hugo.com)

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