November 26th E-commerce Morning News

　　#Laogao E-commerce Newsletter# [November 26 E-commerce Morning News] It is reported that Pinduoduo secretly incubated live broadcast business, Pinduoduo responded: no comment; JD.com responded to Liu Qiangdong's employee welfare policy remarks: he talked to his friends about the deceased employees' feelings; Alibaba opened more than 5% higher in secret and was officially listed on the Hong Kong Stock Exchange today; Masayoshi Son changed his previous aggressive investment strategy: the most important thing for the company is cash flow; Luo Yonghao's "creditor" Chenyang Company: The court organized a settlement, and Luo Yonghao has paid back some of the debt...

　　E-commerce newsletter

　　1. The news said that Pinduoduo secretly incubated live broadcast business. Pinduoduo responded: No comments are given

　　On November 25, in response to Pinduoduo’s “incubation of live broadcast business”, Pinduoduo replied: “No comment.”

　　According to media reports, Pinduoduo is incubating live broadcast business and first tested the WeChat mini program "good goods purchase" around November 24. Pinduoduo co-founder Dada is responsible for the project and is responsible for specific business communication.

　　The media believes that the Pinduoduo live broadcast business takes a short time from project establishment to implementation, and the benchmark project is Taobao Live.

　　Previously, according to Taobao data, on the first day of pre-sales of Double 11 this year, Taobao Live guided sales to increase by more than 15 times year-on-year, and 17,000 Tmall brand merchants achieved sales growth of dozens of times with the help of Taobao Live. (Sina Technology)

　　2. Tmall International launched cross-border cold chain services on "Black Friday" and the first domestic retail sales of artificial meat

　　On November 25, Tmall International launched cross-border cold chain services during the Black Friday shopping season and launched its first retail version of artificial meat in China. For the first time, Chinese consumers can directly purchase artificial meat and personally cook and taste this world-famous technology food.

　　It is reported that Tmall International officially launched the "Black Friday" carnival today, with more than 70 countries including Europe, America, Japan and South Korea participating, and more than 2,500 popular brands, of which more than 40 well-known brands will launch exclusive new products for the first time. Among them, Charlotte Tilbury, a British high-end cosmetics brand, exclusively launched a makeup plate, and Shiseido's Zuixiang launched an exclusive set.

　　This year, Tmall International launched cross-border cold chain services on Black Friday, further helping overseas merchants bring rich short-term insurance and fresh cold chain food into the Chinese market.

　　In addition to retail version of artificial meat, the first batch of products launched include plant chicken nuggets, Swedish plant ice cream, raw chocolate, and fresh milk from California, USA. In the future, Tmall International will expand cold chain categories such as cheese, butter, and frozen food.

　　It is understood that Tmall International cross-border cold chain products start from overseas merchant warehouses and are transported to bonded warehouses. The consumer can clear the order in a few seconds and arrive at the consumers as soon as the day. The temperature-controlled and refrigerated process is monitored and traceable, providing consumers with reliable guarantee of fresh products. (36kr)

　　3. JD.com responded to Liu Qiangdong's employee welfare policy remarks: He talked to a friend about the deceased employee's feelings

　　On November 25, in the morning, it was reported that JD CEO Liu Qiangdong announced that if an employee encounters misfortune, the company will be responsible for the study and living expenses of their children until the age of 22.

　　In the afternoon, staff from the Public Relations Department of JD Group confirmed that Liu Qiangdong had indeed announced this policy this morning.

　　"During Double 11, Mr. Liu discussed the employee's welfare policies with several CXO executives, which was one of the plans discussed at that time. The company's HR formulated relevant rules based on the results of the discussion." The staff member said, "On the weekend, he (Liu Qiangdong) happened to talk to his friend about an employee who died 10 years ago. He was inspired and officially announced the policy at the group morning meeting on Monday." (Red Star News)

　　4. Alibaba opened more than 5% higher in the dark market and was officially listed on the Hong Kong Stock Exchange today

　　According to news on November 25, after the afternoon trading, according to Futu data, Alibaba opened 5.1% higher in the dark trading, an increase of 6.19% from the IPO price. As of press time, the secret market was at HK$184.3, an increase of 4.72%.

　　It is reported that Alibaba will start trading on the 26th, with 100 shares per lot as the trading unit, with the code "9988". In the previous public subscription stage, about 216,000 people applied, which was the largest number of new stock subscriptions since Ping An Good Doctor in May 2018. The winning rate of the first hand is 80%, and the subscription multiple is about 42.44 times.

　　On the 20th, Alibaba announced that its final offer price was HK$176 per share. If calculated based on this calculation, the net amount of funds raised by Alibaba's global offering is approximately HK$87.557 billion. If the over-allotment is fully exercised, the over-allotment will issue 75 million shares, with an additional net fundraising of approximately HK$13.166 billion. (Beijing News)

　　5. Macau Hong Kong Consumer Council joins the China Consumer Association’s e-commerce direct train

　　On November 26, the dedicated path of the Consumer Commission of the Macao Special Administrative Region on the China Consumers Association's e-commerce consumer rights protection express train was officially opened on November 17, which marked the official participation of the Macao Consumers Association's e-commerce express train platform. It is reported that the preparations for the Hong Kong Consumer Council to join the China Consumers Association's e-commerce express train have been completed and will be officially opened in the near future. (Beijing Daily)

　　Internet news

　　6. Masayoshi Son changed his past aggressive investment strategy: the most important thing for a company is cash flow

　　According to foreign media reports, SoftBank Group CEO Masayoshi Son recently conveyed a message to many companies invested in Vision Fund: it is necessary to focus on creating cash flow. “The world has changed today,” Sun said in a pre-recorded short video. "We have to prepare a strong enough foundation for each of our companies so that investors can believe that the company will do a good job. It's not just revenue, total commodity value, and daily active users." He said that companies should go public with "profitable, adequate cash flow and sustainable." (Tencent Technology)

　　7. Luo Yonghao’s “creditor” Chenyang Company: The court organized a settlement, and Luo Yonghao has paid back some of the debt

　　On November 26, in response to reports that Luo Yonghao's order to restrict high consumption has been lifted and a settlement was reached with the company owed, the "creditor" Chenyang Company responded that the court organized the settlement and Luo Yonghao had returned part of the debt, and the remaining part would be returned in installments. Previously, Luo Yonghao owed Jiangsu Chenyang Electronics Co., Ltd. to make a charger loan of more than 3.7 million yuan and was included in the restricted consumption list. (Pear Video)

　　8. Google fired 4 employees, saying it "repeatedly" violated the company's data security policy

　　Four Google employees received a notice on Monday that they were fired for "repeated and obvious violations" of the company's data security policy. According to a copy of the document, Google elaborated on the decision in an email to employees titled Protect Our Data. The company then confirmed the memorandum but declined to comment further. (Sina Technology)

　　9. McDonald's to pay $26 million to settle lawsuits on low wages for restaurant employees in California

　　McDonald's agreed to pay $26 million on Monday to settle a lawsuit that lasted nearly seven years. The lawsuit alleges that McDonald's paid too low wages to U.S. employees at its California-based company restaurant. Initial solutions include allegations against the company's attendance system, which does not count or counts workers' overtime hours, prohibits workers from resting during shifts, and forces workers to clean and iron uniforms out of their own pocket. (Tencent Securities)

　　Cross-border newsletter

　　10. eBay announces $4.05 billion in selling StubHub ticketing business

　　On November 26, eBay announced on Monday that it plans to sell its StubHub business to Swiss ticketing provider Viagogo for $4.05 billion in cash. The transaction is expected to be completed before the end of the first quarter of next year and is subject to regulatory approval and customary closing conditions. A spokesman for eBay and Viagogo said the two companies could operate independently for some time so executives can study the best way to integrate their businesses. (Titanium Media)

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