April 21 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on April 21] Pinduoduo's stock price rose 12.71% on Monday, with a market value of US$58.3 billion to hit a new high; JD Logistics Wuhan Yayicheng Youth Team was shortlisted for the 24th "China Youth May Fourth Medal"; Ministry of Commerce: New consumption models such as unmanned retail and live sales are developing rapidly; Bezos' wealth increased to US$143.1 billion and surpassed the second-place of the rich list of nearly US$40 billion; Liu Qiangdong stepped down as chairman of Jiangsu Saif Green Food Development Co., Ltd....

　　E-commerce newsletter

　　1. Pinduoduo's stock price rose 12.71% on Monday, with a market value of US$58.3 billion.

　　According to the news on April 21, at the close of Monday, Pinduoduo's stock price rose 12.71% to US$50.11, with a market value of US$58.31 billion, a record high. On April 19, Pinduoduo announced that it would subscribe to the US$200 million convertible bond issued by Gome Retail, with a term of three years, an annual face value of 5%, and an initial conversion price of HK$1.215 per share. If the conversion rights are finally exercised, Pinduoduo will be allocated up to 1.28 billion Gome New Shares, accounting for approximately 5.62% of the latter's share capital after issuance and conversion. (Sina Finance)

　　2. JD Logistics Wuhan Yayi City Youth Team was shortlisted for the 24th "China Youth May Fourth Medal"

　　On April 21, JD.com said that JD.com's Wuhan Asia-City Youth Team was shortlisted for the 24th "China Youth May Fourth Medal". The convoy is a transport team composed of 99 young "line commandos". After the outbreak of the epidemic, most of the emergency supplies transported by JD Logistics to Wuhan were sent to major hospitals and citizens in Wuhan through this team. While no one was infected, the fleet distributed 6,000 tons of rice, grain, oil, vegetables and other daily necessities to more than 3 million passengers. (People's Daily)

　　3. The transaction volume of JD Home Decoration Festival's daily necessities increased by more than 240% in one hour

　　According to April 20, JD.com said today that in the JD.com Home Decoration Festival home daily necessities special session on April 15, the transaction volume increased by more than 240% year-on-year in the opening one hour. JD Big Data shows that as of 13:00 on the same day, sales of silk quilts soared, with transaction volume increasing by 3.6 times year-on-year; transaction volume of high-end high-density cotton four-piece sets increased by 155% year-on-year; transaction volume of latex pillows increased by 134% year-on-year. (E-commerce News)

　　4. Ministry of Commerce: New consumption models such as unmanned retail and live sales are developing rapidly

　　4月20日消息，今日，商务部消费促进司负责人对2020年一季度我国消费市场运行情况进行了介绍，并指出我国消费市场展现出强大的韧性、活力和新增长点。负责人表示，疫情发生以来，新型消费和升级消费不断拓展，无接触配送、无人零售、直播销售等消费新模式快速发展，信息消费、人工智能、“互联网+医疗、卫生、健康”等消费显著增长。（东方财富网）

　　5. JD.com released the 418 Super Flash Festival report Wuhan's transaction volume increased by 98%.

　　According to April 20, JD.com released the 418 Super Flash Festival report today, and Wuhan's transaction volume increased by 98% month-on-month in the same period last month. It is reported that the 418 Super Flash Festival lasts from April 13 to April 18. During this period, among the top 5 regions with a transaction volume increase from the previous month, 4 were from Hubei, and the transaction volume in Wuhan increased by 98%. At the same time, the transaction volume of "high-value products" in Wuhan's categories such as mobile phones, home appliances, kitchen and bathroom appliances increased by more than 200% month-on-month; the transaction volume of sports outdoor products increased by 206%; the transaction volume of cycling and sports-related products reached 13 times that of the same month last month. (E-commerce News)

　　Internet news

　　6. Bezos' wealth increased to $143.1 billion and surpassed the second-ranked richest man.

　　According to reports on April 20, Amazon CEO Bezos' wealth has once again increased to US$143.1 billion under the raging coronavirus epidemic. According to foreign media reports, Bezos' net worth is now US$143.1 billion, surpassing Bill Gates, the second-ranked richest man, nearly US$40 billion. His ex-wife Mackenzie's wealth is also increasing. Data shows that Mackenzie's total net worth has increased by $10.6 billion since this year, and her wealth has surpassed Tencent Ma Huateng and Alibaba founder Jack Ma. (NetEase Finance)

　　7. Hema President Hou Yi will start his first live broadcast show to promote Hubei agricultural products

　　According to April 20, this afternoon, Hubei Vice Governor Wan Yong distributed "boarding passes" to many Hubei fresh agricultural products packaging boxes. Crayfish, lotus root belts, navel oranges, duck necks and other products will be chartered out of the province with Hema. Among them, the specially customized "Hubei Refueling Shrimp" will be sold in Hema stores across the country and Tmall Hema flagship stores across the Internet. In addition, Hou Yi, vice president of Alibaba Group and president of Hema, will also make his debut on Taobao live broadcast tomorrow, and will bring goods to Hubei agricultural products with Taobao anchor Weiya. (E-commerce News)

　　8. Sharp will sell masks to Japanese people through its own e-commerce platform

　　According to Aijiwei, Japan's large electronics company Sharp announced today that the company will sell masks to ordinary Japanese people through its own e-commerce platform SHARP COCORO LIFE from 1 a.m. on April 21. According to the introduction, the company's current average daily production of masks can reach 150,000. The 50 pieces of nonwoven masks that will be sold online will be sold for 2,980 yen per box, and an additional delivery fee of 660 yen will be charged to consumers. (Europe)

　　9. Liu Qiangdong stepped down as chairman of Jiangsu Saif Green Food Development Co., Ltd.

　　According to the news on April 20, Tianyan Check data showed that recently, Jiangsu Saif Green Food Development Co., Ltd., the operating entity of Saif Trade, had an industrial and commercial change. Liu Qiangdong resigned as the chairman of the company and was taken over by Yu Jian. Jiangsu Saif Green Food Development Co., Ltd. was established in April 2016 with a registered capital of approximately RMB 220 million. The legal representative is Miao Xiaohong. Its business scope includes sales of infant formula milk powder; sales of health food; import and export of goods; import and export of technology; operation of third-class medical devices, etc. According to Tianyan Check shareholder information, Liu Qiangdong holds 7.23% of the company's shares; Zhang Zetian holds 1.81% of the shares. (Yibang Power)

　　Cross-border newsletter

　　10. The Indian government once again bans e-commerce companies from selling non-essential products during lockdown

　　The Indian government said on Sunday (April 19) that e-commerce companies are not allowed to sell and deliver non-essential products during the lockdown, which runs contrary to its previous decision.

　　The Indian government changed its decision after local retail agencies worried that the lockdown would bring competitive disadvantages to physical stores that remain closed.

　　India's Commerce Minister Piyush Goyal said the decision issued on Sunday "will level the playing field for small retailers."

　　Kazim Rizvi, a public policy researcher and founder of the think tank The Dialogue, said the withdrawal of the rules was "an unfortunate step that would not reduce the burden on India's economy or people." (Hugo.com)

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