#Laogao E-commerce Newsletter# [E-commerce Morning News on January 3] Pinduoduo rose 7.8% with a market value of US$47.803 billion; Alibaba Local Life: In 2019, more than 290 cases of black and gray industries were cracked down on; Lenovo responded to Chang Cheng joining Xiaomi: All executives signed a no-compete clause; Hello Travel responded to mortgage bicycles to Ant Financial: Moving property mortgages have always existed; Li Xiaoshuang: Xiaomi TV's long-term goal is to win the first place in the global market...

E-commerce newsletter
1. Pinduoduo rose 7.8% with a market value of US$47.803 billion
According to news on January 3, as of 23:29 Beijing time on January 2, Pinduoduo rose 7.8% to US$40.77. Based on current values, the market value is US$47.803 billion. (E-commerce News)
2. JD.com and Lenovo achieve 3-year sales target of 60 billion yuan
On January 2, JD.com and Lenovo jointly announced today that based on comprehensive and in-depth strategic cooperation from products to channels, to big data and marketing, the three-year target of sales of RMB 60 billion in three years (January 1, 2017 to December 31, 2019) jointly formulated by the two parties in July 2016 has been completed. (Securities Times)
3. Alibaba Local Life: In 2019, more than 290 cases of black and gray industries were cracked down on
On January 2, Alibaba Local Life announced that since January 2019, Alibaba has cooperated with the public security organs to crack down on more than 290 cases of black and gray industries, investigated and dealt with nearly 400 people, with a total amount involved in the case of more than 45 million yuan. It is reported that at the end of 2019, Alibaba also jointly with the Criminal Investigation Bureau of the Ministry of Public Security to launch the "Qiandun Anti-fraud Robot", aiming to solve the problem of "difficulty in dissuasion" and further crack down on telecommunications network fraud. (Mobile Payment Network)
4. The new version of the "Cross-border E-commerce Retail Imported Products List" is officially implemented
According to January 2, the 2019 edition of the "Cross-border E-commerce Retail Imported Products List" was officially implemented on January 1, 2020. The new version of the list has added 92 categories of goods, including some of the products with strong consumer demand in recent years, including frozen seafood, alcohol, etc. In addition, from the date of the effectiveness of the "List", the list attached in the "Announcement of the Ministry of Finance and 13 other departments on Adjusting the List of Cross-border E-commerce Retail Imported Products (No. 157 of 2018)" issued last year will also be abolished. (E-commerce News)
Internet news
5. Lenovo responds to Chang Cheng joining Xiaomi: All executives sign a no-compete clause
On January 2, in response to the question of "whether does Lenovo Vice President Chang Cheng change jobs in Xiaomi violate the competition agreement", Lenovo Group stated that the company has a non-compete clause with all executives. If there is indeed a breach of contract, the company will seek proper resolution of the problem within the legal framework and jointly create a space for talent flow that respects the spirit of the contract. (E-commerce News)
6. Hello Travel responded to mortgage bicycles to Ant Financial: Movable property mortgage has always existed
According to Interface News, in response to the news that Hello Travel deducted 7.17 million bicycles to Ant Financial, Hello official responded that the company and Ant Financial's movable property mortgage has always existed. December 4, 2019 is a normal extension, not something that has happened recently. At the same time, Hello Travel said that the company's financial situation is good. (China Intellectual Property News)
7. Storm Group: The company's main business has stopped and faces the risk of no source of business revenue
Storm Group issued an announcement stating that due to the indemnification of the partner's computer room server hosting fees, the partner has terminated its provision of services, resulting in the company's website and mobile client being unable to provide services normally. The company is actively negotiating with other partners. As of the date of disclosure of the announcement, there has been no clear results for the cooperation matters. The company's main business is still at a standstill, its business development is severely restricted, and it faces the risk of no source of business income (Sina Finance)
8. Li Xiaoshuang: Xiaomi TV's long-term goal is to win the first place in the global market
Xiaomi TV general manager Li Xiaoshuang said that in 2020, Xiaomi TV's goal is to win the first place in the Indian market, and its long-term goal is to win the first place in the global market. Earlier, Li Xiaoshuang posted on Weibo that two major research institutions, Aowei Cloud Network and Qunzhi Consulting, confirmed that Xiaomi TV's shipments in the Chinese market exceeded 10 million units in 2019, becoming the first brand in the history of TV to ship more than 10 million units in the Chinese market. (36Kr)
9. Hello Travel mortgages 7 million bicycles to Ant Financial
36Kr learned that a document from the Credit Reporting Center of the People's Bank of China showed that on December 4, Shanghai Junzheng Network Technology Co., Ltd., the operating entity of Hello Travel, had mortgaged all the bicycles currently and in the future for the development of shared bicycle business to Shanghai Yunxin Venture Capital Co., Ltd., with a total of 7.17 million vehicles, with a term of three years. Shanghai Yunxin Venture Capital Co., Ltd. is a wholly-owned investment company under Ant Financial. (Sina)
Cross-border newsletter
10. Amazon threatens employees: Public criticism of company climate policy will be fired
On January 3, an Amazon employee group recently accused two employees of outspoken opposition to the company's environmental policies, and Amazon threatened employees and said they wanted to fire them. Amazon Employees For Climate Justice issued a statement on Twitter saying Amazon legal and human resources representatives approached several employees who said they violated the company's external communication policy. Two employees were told that if they continued to talk about the Amazon business, they would lose their jobs. (Hugo.com)
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