E-commerce Evening News on December 26

"#Laogao E-commerce Newsletter# [E-commerce Evening News on December 26]" Tmall New Year's Goods Festival will start on January 2 to help farmers in poverty-stricken counties increase their income; Ant Huabei: 10,000 people's livelihood institutions will support installment interest-free next year; Amazon's live broadcast function will be online on all sites; Xiaohongshu responds to the change of the legal person of the main company: normal operations at the legal level; AliExpress will launch the "search cheat" penalty display function...

E-commerce newsletter

1. Light Media: Alibaba Venture Capital has reduced its holdings of the company's shares by nearly 29.34 million shares

According to December 26, Light Media recently issued an announcement stating that the company received a "Notice on Progress of Shareholders' Share Reduction" from Alibaba Venture Capital on December 23, 2019. As of December 20, 2019, Alibaba Venture Capital has reduced its holdings of the company's shares by 29,336,084 shares, and the number of shares reduced has exceeded half of its shareholding plan, reaching 1.00% of the company's total share capital. After this reduction, Alibaba Venture Capital held 228 million shares, accounting for 7.78% of the total share capital. (E-commerce News)

2. Tmall New Year’s Goods Festival will start on January 2 to help farmers increase their income in poor counties

According to December 26, today, Tmall’s official Weibo announced that the Tmall New Year’s Festival will officially start on January 2, 2020. It is hoped that through this New Year’s Festival, farmers across the country will be able to sell 300 million jin of agricultural products, so that each participating farmer will increase their income by another 1,000 yuan before the New Year. At the same time, Taobao App will launch the "Fruit Planting" activity, and consumers will get free fruits by planting fruit trees. (Sina Technology)

3. Ant Huabei: 10,000 people's livelihood institutions will support installment exemption next year

On December 26, Ant Huabei announced the launch of the "10,000 institutions in one year" plan, which will complete at least 10,000 institutions in 2020 to support installment and interest-free subsidies for users in the three major areas of training and education, health protection and green travel. In addition, Huabei also announced that users who have used Huabei for more than one year will have the right to choose the 15th or 20th as the repayment date as needed. On the 16th of this month, Huabei announced the launch of the "Spring Festival Travel National Railway Ticket Installment and Interest-free Plan". Users can purchase train tickets online on 12306. Ticket orders with prices between 100-2,000 yuan can choose three installments and interest-free. (Securities Times)

4. Upgrade the Alipay face-to-face payment agency contract interface

On December 26, Alipay recently announced the upgrade of the in-person payment agency contract interface. The upgraded in-person payment agency contract interface realizes the integration of contract and authorization. The service provider can complete the collection and payment through one submission and the merchant can make one confirmation. It also supports merchants to confirm in the Alipay APP, which can reduce the communication cost between the service provider and the merchant. The collection and payment of offline consumption scenarios will be accelerated again. (Source: Mobile Payment Network)

5. Amazon live broadcast function will be online across all sites

On December 26, Amazon Global Store opened recently and stated that Amazon Live will be launched on all sites one after another. Sellers will be able to directly use this live broadcast function to directly supply products to consumers and enhance interaction with consumers. Consumers can complete one-click purchases by clicking on the product carousel next to the video. This method will further help merchants promote their brand. (E-commerce News)

Internet Information

6. Youzhe: The customs clearance function of Zhengzhou customs clearance can be suspended, and WeChat payment orders can be cleared by self-service customs clearance

According to December 26, the Youzan cross-border team recently issued an announcement stating that from 18:00 on December 24, 2019, Youzan will suspend the customs clearance function of Zhengzhou checkpoints and adjust the cross-border service system. After the system is upgraded, Youzan will not support customs clearance of overseas shopping orders paid through third-party payment channels such as WeChat and Alipay. Youzan said that overseas shopping orders through WeChat Pay can be completed through the self-service customs clearance function provided by WeChat Pay. (Source: Yibang Power Network)

7. The total box office of national movies in 2019 has exceeded 62.7 billion yuan

According to the People's Daily, data released by the National Film Special Fund Office showed that as of December 23, the total box office of national films in 2019 exceeded 62.7 billion yuan, with domestic films accounting for more than 63%; 8,843 new screens were added annually, with a total of 68,922 yuan; 15 films with a box office of over 1 billion yuan throughout the year, of which 10 Chinese films were produced, and domestic films accounted for eight seats in the top ten in the year. It is reported that the highest-grossing movie movie in 2019 was "Nezha: The Devil Child Comes into the World", which reached 4.99884 billion yuan. (E-commerce News)

8. State Post Bureau: Postal Industry Consumer Complaints in November exceeded 20,000

On December 26, the official website of the State Post Bureau issued the "Notice on the Complaints of the Postal Industry Consumers in November 2019". Data shows that in November this year, the State Post Bureau and the postal administrations of various provinces (autonomous regions and municipalities) handled a total of 21,096 consumer complaints through the "12305" postal industry consumer complaint telephone number and appeal website. Among them, 20,462 cases involving express service issues, accounting for 97.0% of the total number of complaints, and 2,182 cases involving express service issues (to determine corporate responsibilities). The main problems of consumers' effective complaints about express service are delays in express delivery, short loss of express parcels and delivery services. (E-commerce News)

9. Xiaohongshu responds to the change of the legal person of the main company: normal operations at the legal level

On December 26, in response to the resignation of the company's founder and CEO Mao Wenchao as the legal representative and director of Xingyin Information Technology (Shanghai) Co., Ltd., the operating entity of Xiaohongshu, Xiaohongshu responded that it has multiple main companies and the change of the legal person of a single main company is a very normal operation at the legal level. According to Tianyan Check data, Mao Wenchao is still the largest shareholder of Xingyin Information Technology (Shanghai) Co., Ltd., with a shareholding ratio of 80%. (Yibang Power)

Cross-border e-commerce

10. AliExpress will launch the "Search Cheat" penalty display function

According to December 26, AliExpress recently issued an announcement stating that it will launch the "Search Cheat" penalty display function. Sellers will be able to use this function to view the platform's penalties for search cheating such as SKU cheating, credit and sales hype, as well as corresponding illegal products or orders in the background. In addition, AliExpress said that sellers can appeal for specific penalties and need to initiate complaints in a timely manner and submit relevant appeal materials in accordance with the system prompts. (Hugo.com)

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