April 10 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on April 10] Suqian Jingdong Tianning Health Technology Co., Ltd.'s industrial and commercial transformation has been updated to add Liu Qiangdong and Zhang Yun as shareholders; Fenxiang Social E-commerce has completed a round A financing of tens of millions of yuan; Luo Yonghao: The company's business will not stop selling goods on live broadcasts; Taobao: The average daily DAU in March has exceeded the high in December last year; American law firms launched securities claims investigations against Luckin Coffee and iQiyi...

　　E-commerce newsletter

　　1. Suqian Jingdong Tianning Health Technology Co., Ltd. industrial and commercial transformation has been updated to add Liu Qiangdong and Zhang Yun as shareholders

　　According to Tianyan Check data, Suqian Jingdong Tianning Health Technology Co., Ltd. has recently undergone industrial and commercial information changes, and Zhang Qi and Xin Lijun withdrew from the ranks of shareholders, adding Liu Qiangdong and Zhang Yun as shareholders. Suqian Jingdong Tianning Health Technology Co., Ltd. was established on June 10, 2019. The legal representative, executive director and general manager is Li Lijun, and the supervisor is Miao Xiaohong, with a registered capital of RMB 1 million. (36Kr)

　　2. Fenxiang Social E-commerce completed tens of millions of yuan in Series A financing

　　April 9th ​​news, Fenxiang Social E-commerce recently officially announced on its official WeChat official account that it completed a round A financing of tens of millions of yuan in December 2019. This round of financing was jointly invested by Jinshajiang Venture Capital and Star VC. Zhu Xiaohu, the head partner of Jinshajiang Venture Capital, joined the Fenxiang Board of Directors after financing. (Yibang Power Network)

　　3. Luo Yonghao: The company's business will not stop selling goods on live broadcasts

　　According to the Interface report, Luo Yonghao said that Jiao Gemei Technology Co., Ltd. will not stop selling goods, but MCN institutions. The live e-commerce business will be an important sales channel for our own brands in the future, but it is far from the whole of our business. (E-commerce News)

　　4. Taobao: The average daily DAU in March has exceeded the high in December last year

　　According to the report on April 9, Taobao released data, Taobao's average daily DAU in March has exceeded the high of December last year. The average daily orders on Taobao and Tmall increased by 12 million orders compared with the daily routine in December last year. The year-on-year growth of meat, vegetables, convenient food, grain, oil, rice and flour reached 180%, 136%, 171% and 127% respectively. In addition, in March, the number of transaction orders brought to merchants by Taobao Live increased by more than 160% year-on-year. In March, newly launched merchants increased by nearly 3 times year-on-year, and the number of live broadcasts increased by 190% year-on-year. (Lieyun.com)

　　5. SF Express, Alibaba and 13 other companies jointly issued the initiative to promote the "Express Delivery into Villages"

　　According to April 9, today, the State Post Bureau held a regular press conference for the second quarter of 2020 to release and interpret the "Three-Year Action Plan for Express Delivery to Villages (2020-2022)". At the press conference, the China Express Association jointly issued an initiative with 13 express logistics and e-commerce companies including Postal EMS, SF Express, ZTO Express, YTO Express, Shentong Express, Yunda Express, Best Express, Debang Logistics, JD Logistics, Suning Logistics, Cainiao Network, Alibaba, and JD Group, hoping to jointly build and share the rural express logistics ecosystem. All companies expressed that they will do their best to effectively promote the grand goal of "Every Village Express". (E-commerce News)

　　Internet news

　　6. American law firm launches securities claims investigation against Luckin Coffee and iQiyi

　　According to foreign media reports, Labaton Sucharow LLP, a US law firm focusing on investor rights, announced today that it has launched a securities claim investigation against the company on behalf of shareholders of Luckin Coffee, because Luckin Coffee is accused of publishing significantly misleading business information to investors.

　　Meanwhile, Labaton Sucharow LLP also announced that it has launched a potential securities claim investigation against the company on behalf of shareholders of iQiyi (Nasdaq:IQ) because iQiyi is also accused of posting significantly misleading business information to investors. (Sina Technology)

　　7. Alibaba Pictures issued a profit warning. It expects a net loss of 1.1-1.2 billion yuan in fiscal year 2020

　　On April 9, Alibaba Pictures issued a profit warning, expecting that the net loss attributable to the company's owners will be between 1.1-1.2 billion yuan in the fiscal year ended March 31, 2020. Alibaba Pictures explained that in addition to the impact of the epidemic, it also included a significant impairment provision for some receivables and investment projects, about 800 million yuan. (Titanium Media)

　　8. The Modist, the Middle East luxury e-commerce company, announced permanent closure due to the epidemic

　　According to ePanda's overseas Middle East report, due to the impact of the epidemic, The Modist, the Middle East luxury retail e-commerce company, recently announced that it would cease operations and be closed permanently. It has also become the first e-commerce platform in the Middle East to be closed during the epidemic. It is understood that The Modist was established in Dubai in 2017. In June 2018, The Modist completed a US$15 million Series A financing invested by Vaultier7. In March last year, it completed a series A+ financing again, and the transaction amount was not disclosed. (Yibang Power Network)

　　9. Light Media: Jack Ma and Xie Shihuang transfer their shares, and Hangzhou Zhenxi will hold 100% of the shares

　　According to the news on April 9, Light Media announced that it expects profits of 20 million to 40 million yuan in the first quarter, a year-on-year decrease of 56.33% to 78.17%. At the same time, the company recently received a notice from Alibaba Venture Capital, a shareholder holding more than 5% of the shares. Its natural person shareholders, Jack Ma, Xie Shihuang, and Hangzhou Zhenxi, signed a "Share Transfer Agreement", stipulating that Mr. Jack Ma will transfer 80% of his shares of Alibaba Venture Capital to Hangzhou Zhenxi, and Mr. Xie Shihuang will transfer 20% of his shares of Alibaba Venture Capital to Hangzhou Zhenxi. After the completion of this equity transfer, Hangzhou Zhenxi will hold 100% of Alibaba Venture Capital's shares. (Titanium Media)

　　Cross-border newsletter

　　10. Tmall International launches "Sea Sheep Action" to support imported milk powder merchants

　　On April 9, in response to Alibaba's "Spring Thunder Plan 2020", Tmall International launched the "Sea Sheet Action" to provide three major support policies for imported milk powder merchants, Cainiao Head of Cross-border Logistics Service, Bonded Warehouse Rental Reduction, and Step-by-Step Stocking Preparation, aiming to ensure that imported milk powder is "not short of stock and no price increase" and ensure the continuous supply of imported milk powder. It is reported that the "Spring Thunder Plan 2020" proposes to help small and medium-sized foreign trade companies go overseas through platforms such as AliExpress, Lazada, and Tmall Overseas. (E-commerce News)

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