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#Laogao E-commerce Newsletter# [E-commerce Evening News on April 12]

2021-04-12

      #Laogao E-commerce News# [E-commerce Evening News on April 12] Evening News : Henan's cross-border e-commerce transaction volume in 2020 increased by 174.5 billion yuan year-on-year; Wang Wei responded to "doing community group buying": SF Express will never touch business flow; it is said that MissFrench has secretly submitted a prospectus to the US SEC, which is expected to raise US$500-1 billion.

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1. Luo Yonghao's affiliated company applies to register multiple "Lao Luo and his friends" trademarks

      According to news on April 12, Tianyan Check information shows that recently, Beijing Jiaoge Friend Digital Technology Co., Ltd. applied to register multiple "Lao Luo and His Friends" trademarks, and international classification involves communication services, education and entertainment, scientific instruments, etc. The current trademark status is all trademark application. According to information, Beijing Jiaogemei Digital Technology Co., Ltd. is Luo Yonghao Live, and its legal representative is Huang He, who is the former product director of Hammer Technology and is also Luo Yonghao's live broadcast partner. (E-commerce News)


2. The Internet catering delivery platform "Fishpaishi" was fined for implementing the "two-choice-one" monopoly

      On April 12, according to the Shanghai Market Supervision WeChat official account, in June 2019, the Shanghai Municipal Market Supervision Bureau conducted an investigation into the suspected abuse of market dominance in accordance with the Anti-Monopoly Law. After investigation, Shipai Shi is an Internet catering delivery platform. From January 2017 to October 2019, Shipai Shi took advantage of its dominance in the online catering delivery platform service market that provides English services in Shanghai to put forward a "two-choice-one" requirement for cooperative restaurant merchants on the platform. This behavior constitutes an abuse of market dominance. On December 25, 2020, the Shanghai Municipal Market Supervision Bureau made an administrative penalty decision in accordance with the law, imposing a fine of 3% of its sales in 2018, totaling RMB 1.1686 million. (E-commerce News)


3. Wang Wei responded to "doing community group buying": SF Express will never touch business

      On April 12, SF Holdings held a performance briefing on April 9. Regarding the community group buying business, Chairman Wang Wei said that the company's vision is to become a data technology service company with independent third-party industry solutions. For community group buying, business flow is needed. We will never touch business flow because we are an independent third-party. Some time ago, someone said that SF Express did community group buying, which is wrong. We will never touch business flow. If the company does not have business flow, it is impossible to do community e-commerce by yourself. If there is an e-commerce platform to run a company together, you can provide supply chain support. (e company)


4. NetEase Yanxuan: It has entered the brand development stage from the ODM stage

      According to the news on April 11, at the press conference for the fifth anniversary of the establishment of NetEase Yanxuan, Liang Jun, CEO of NetEase Yanxuan, said that NetEase Yanxuan has entered the stage of brand development from the past ODM stage. It is reported that NetEase Yanxuan was established in 2016. Since 2019, NetEase Yanxuan has established a business model with explosive product incubation capabilities + omni-channel system, and plans to transform from the ODM stage to the brand stage. At present, Yanxuan has created a set of moats with "people", "goods" and "fields" as the core. (E-commerce News)


5. Discount supermarket "Little Elephant Life" completes angel round financing of tens of millions of yuan

      According to 36Kr, the discount supermarket "Little Elephant Life" has completed a tens of millions of angel round financing led by Yue Capital and followed by Angel Bay Capital. This round of financing funds will be mainly used for team improvement, recommendation algorithm technology research and development, and supply chain construction. It is understood that Xiaoxiang Life was established in October 2020. It focuses on community shops and commercial streets, and mainly sells household daily necessities such as food and beverages, daily necessities, table seasonings, rice, flour, grain and oil. At the same time, Xiaoxiang Life has also opened up a ToB business to provide supply chain services for fast-moving consumer goods discount products. Xiaoxiang Life’s entry point is the expiration fast-moving consumer goods, and its main sources are manufacturers, tripartite distributors, local supermarket convenience store systems, brand Tmall self-operated warehouses, JD self-operated warehouses and fast-moving consumer goods importers. (E-commerce News)


Internet news


6. It is said that MissFresh has secretly submitted a prospectus to the US SEC. It is expected to raise $500-1 billion

      According to the news on April 12, according to IPO Early Knowledge, MissFresh has secretly submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) a few days ago, and will officially submit the statement publicly as early as mid-to-late June. Goldman Sachs and other investors are planning their IPO matters, and the fundraising scale is expected to be between US$500 million and US$1 billion. It is understood that MissFresh was established in November 2014 and currently provides fresh food delivery services in 16 first- and second-tier cities in China with fastest delivery of fresh food. In March this year, MissFresh announced that it will no longer be limited to self-operated fresh food e-commerce, but will build a digital platform for community retail to empower supermarkets, vegetable markets and small stores in the community retail sector. (E-commerce News)


7. Alibaba's growth has expanded to 8%, with market value reaching HK$5.12 trillion

      According to reports on April 12, Alibaba's Hong Kong stock market rose to 8.26%, reaching HK$236, with a total market value of HK$5.12 trillion. It is reported that Zhang Yong, chairman of the board of directors of Alibaba Group, said that it is expected that the regulatory authorities' antitrust punishment will not have a significant impact; Alibaba will introduce measures to reduce the entry barriers and business costs of merchants on e-commerce platforms. The company has prepared billions of funds to support new projects, and more mature businesses will be converted to free of charge. (Sina Technology)


8. The registered capital of JD Digital affiliated companies increased to 5.253 billion, an increase of about 8.5%.

      According to news on April 12, Tianyan Check information showed that on April 6, JD Digital Technology Holdings Co., Ltd. underwent a number of industrial and commercial changes, and the registered capital of the enterprise increased from about 4.842 billion yuan to about 5.253 billion yuan, an increase of about 8.5%. At the same time, Chen Shengqiang withdrew from the ranks of major personnel. According to information, JD Digital Technology Holdings Co., Ltd. was established in September 2012. The legal representative is Li Yayun. Its business scope includes investment management; copyright agency; acceptance of financial institutions to engage in outsourcing of financial information technology services; sales of electronic products, etc. (Sina Finance)


Cross-border newsletter


9. Shenzhen Stock Exchange suspends the review of the listing of cross-border brand e-commerce "Saiwei Era"

      On April 12, it was learned from the Shenzhen Stock Exchange website that the current IPO details of the export cross-border brand e-commerce "Saiwei Times" show that its latest review status is "suspended".

It is reported that the reason for the suspension is that Saiwei Times Technology Co., Ltd. has expired in the IPO application documents and needs to be submitted additionally. According to the relevant provisions of the "Shenzhen Stock Exchange GEM Stock Issuance and Listing Review Rules", the Shenzhen Stock Exchange suspended its issuance and Listing Review.

According to the information previously submitted by Saiwei Times, the company plans to issue no more than 40.1 million shares this time, and does not involve the number of shares sold by the original shareholders, and is not less than 10% of the company's total share capital after this issuance. After deducting the issuance fee, the funds raised will be used to invest in fashion industry supply chain and operation center system construction projects, logistics and warehousing upgrade construction projects, brand construction and channel promotion projects, and supplement working capital. (E-commerce News)


10. In 2020, Henan's cross-border e-commerce transaction volume increased by 174.5 billion yuan year-on-year by 10.4%

      According to the report on April 12, in 2020, the import and export transaction volume of cross-border e-commerce in Henan Province was 174.5 billion yuan, an increase of 10.4% year-on-year; Zhengzhou Customs has inspected and released a total of 243 million tickets in the cross-border e-commerce import and export list, with a value of 30.6 billion yuan, an increase of 91.5% and 89.4% year-on-year respectively.

It is reported that during the epidemic last year, the Henan Provincial Department of Commerce, Alibaba, Global Trade Connect, Yisano, China Service Trade Association, etc., jointly carried out online training, and established cross-border e-commerce marketing websites for 507 companies in the province for free. Support enterprises to open international cross-border e-commerce chartered international routes from Zhengzhou to Belgium, Liege, New York, Los Angeles, etc., and achieve normalized operations. (E-commerce News)



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