April 24 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on April 24] Gome Communications: The company has no business cooperation and Pinduoduo or its subsequent cooperation intentions; JD.com: It will invest more than 1 billion resources to help the "Double Product Shopping Festival" start; Suning.com will help Shanghai's "55 Shopping Festival" and will issue 2 billion consumption coupons; an independent director of Luckin submitted his resignation: only 3 independent directors remain in the audit committee; Dong Mingzhu will start her first live broadcast show on April 24...

　　E-commerce newsletter

　　1. Gome Communications: The company has no business cooperation and Pinduoduo and its subsequent cooperation intentions

　　On April 24, Gome Communications issued a risk warning announcement. It mentioned that recently media reports said that Pinduoduo plans to subscribe to US$200 million convertible bonds of Gome Retail Holdings Co., Ltd. Gome Retail indirectly holds 19.99% of the company's equity through Shandong Longji Island Construction Co., Ltd., and the issuance of convertible bonds by Gome Retail has nothing to do with the company. At present, the company has no contact with Pinduoduo, no business cooperation or subsequent cooperation intentions. (Huxiu.com)

　　2. SF Holdings: Revenue in the first quarter of 2020 was 33.541 billion yuan, up 39.59% year-on-year

　　According to reports on April 24, SF Holdings disclosed its first quarter report for 2020. Data shows that the company achieved revenue of 33.541 billion yuan in the first quarter, a year-on-year increase of 39.59%; net profit attributable to shareholders of listed companies was 907 million yuan, a year-on-year decrease of 28.16%. (Sina Technology)

　　3. Most popular Chinese stocks fell before the market closed. Alibaba rose 0.30%

　　According to 36Kr, as of 20:37, most popular Chinese stocks listed in the market fell before the market, but Alibaba rose 0.30%. In addition, JD.com fell 0.42%, while Pinduoduo fell 0.98%. (China.com)

　　4. JD.com: It will invest more than 1 billion resources to help the "Double Product Shopping Festival" start

　　According to JD.com, the second "Double Product Online Shopping Festival" organized by the Ministry of Commerce, the Ministry of Industry and Information Technology, the State Post Bureau and the China Consumers Association, and participated by major e-commerce platforms such as JD.com, Alibaba, Suning.com and postal express companies will be held from April 28 to May 10. JD.com said that during the "Double Product Online Shopping Festival", JD.com will launch multiple Double Product Festival venues and will also invest more than 1 billion yuan in marketing and promotional resources to drive the upgrading of quality consumption. (E-commerce News)

　　5. Suning.com will issue 2 billion consumer coupons to support Shanghai's "55 Shopping Festival"

　　April 23rd news, today, the Shanghai Municipal People's Government Information Office held a press conference to introduce the preparations for the upcoming "May 5 Shopping Festival". Suning.com said it will launch a "super 10 billion subsidy" for Shanghai consumers. On the basis of issuing 300 million yuan of consumption coupons, it will increase the issuance of consumption coupons, and the cumulative consumption coupons will exceed 2 billion. At the same time, additional concession subsidies such as "exclusive subsidy for hot products", "invested interest-free subsidy", "old-for-new subsidy" and other concession subsidies will be issued. It is reported that nearly 800 offline stores in Shanghai will also participate in the "55 Shopping Festival". (E-commerce News)

　　Internet news

　　6. An independent director of Luckin submitted his resignation: There are only 3 independent directors left in the audit committee

　　On April 24, a document filed by Luckin Coffee with the U.S. Securities and Exchange Commission (SEC) on Thursday showed that the company's independent director Thomas Meier has filed his resignation. This means that there will be only 3 independent directors of the Audit Committee under the Board of Directors of Luckin Coffee. (Sina Technology)

　　7. In the 3601 quarter, revenue reached 2.25 billion yuan and fell 16.74% year-on-year

　　According to April 24, 360 released its first quarter financial report. The report shows that in the first quarter, 360 achieved revenue of 2.25 billion yuan, a year-on-year decrease of 16.74%; and achieved net profit attributable to shareholders of listed companies of 360 million yuan, a year-on-year decrease of 44.42%. (China.com)

　　8. Gates: Five measures are needed to control the COVID-19 pandemic and reopen the economy

　　April 24th news, Bill Gates outlined in a blog post on Thursday, what actions the world needs to do to stop the COVID-19 pandemic and reopen the economy. He said the world must improve treatments, vaccines, testing and contact tracing of the new coronavirus, and research and review policies to open economies. (Sina Technology)

　　9. Dong Mingzhu will start her first live show on April 24

　　According to Gree Electric Appliances, Dong Mingzhu will make her debut in the Douyin live broadcast room at 8 pm on April 24. (E-commerce News)

　　Cross-border newsletter

　　10. Amazon US website can create more products!

　　Since April 18, Amazon's US site has added products that can be sent to the operation center. Sellers can log in to buy the "Replenishment Inventory" page and "Replenishment Report" to view the items that can create shipments. Items that can create shipments but have limited quantity will be marked as "limited restocking".

　　Since the current delivery is mainly based on urgently needed supplies, although the replenished goods have been increased, the quantity of replenished goods will be limited and the delivery time is not promised.

　　Some sellers report that different product creations are different, because the quantity of products is mainly calculated based on the historical sales volume of the product, current inventory level, and the available storage space in the Amazon Operation Center. New products or products that have not sold recently can also create shipments, and the quantity does not provide modification applications. (Hugo.com)

 Click to register < a> Apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. All businesses, Tmall merchants, Taobao Crown Stores, Jinguan Stores, and other e-commerce platform merchants can apply to join! < a>

,