#Laogao E-commerce Newsletter# [E-commerce Morning News on April 28] Jitu Express has connected to 11 domestic e-commerce platforms such as Pinduoduo and Dangdang; Jumei Youpin submitted F15 documents and officially delisted from the New York Stock Exchange; Tmall launched the luxury discount channel Luxury Soho; Huya’s latest equity structure: Tencent holds 36.9% of the shares, making it the largest shareholder; China Securities Regulatory Commission responded to Luckin’s fraud incident: it has communicated with the US Securities Regulatory Commission on cross-border regulatory cooperation...
E-commerce newsletter
1. Jitu Express has been connected to 11 domestic e-commerce platforms such as Pinduoduo and Dangdang.
According to the reporter on April 27, Jitu Express learned from Jitu Express that Jitu Express has connected to 11 domestic e-commerce platforms such as Pinduoduo, Dangdang.com, Suning.com, Mogujie, Weidian, Douyin, and Kuaishou, involving multiple types such as traditional e-commerce, live e-commerce, and WeChat. At the same time, Jitu Express has successfully connected with 10 stations, self-pickup cabinets and other distribution channels such as Fengchao, China Post Express Easy, Yungu, Duiyi, Gege Warehouse; its ordering channels include Express 100, Express Network, Easy Check Order, Zhuzhu Express Cloud, Jiuyi Supply Chain, etc. (E-commerce News)
2. Jumei Youpin submitted F15 documents and officially delisted from the New York Stock Exchange
On April 27, Jumei Youpin submitted From 15 to the U.S. Securities and Exchange Commission (SEC), which means Jumei Youpin officially delisted from the New York Stock Exchange. Previously, on April 15, Jumei Youpin announced that it had signed a merger agreement with its parent company SuperROI Global Holding Limited on February 25 for privatization. The merger plan has been completed. Jumei Youpin has become a wholly-owned subsidiary of the parent company and is no longer a listed company. (E-commerce News)
3. The new retail brand of fresh food supermarket "T11" completed tens of millions of US dollars in Series A financing
According to April 27, it is reported that the new retail brand of fresh food supermarket "T11" has recently completed a tens of millions of US dollars in Series A financing led by Heyu Capital. It is reported that T11 was established in 2018 and mainly provides globally preferred fresh food and general food businesses to consumers in China's first-tier cities. Its business involves distributed e-commerce networks, improved supply chain systems, and exploration of retail technology empowerment. T11 founder and CEO Du Yong introduced that the new round of financing will be mainly used for store network layout, strengthening supply chain and logistics development, and increasing strategic investment in retail technology. (E-commerce News)
4. Lei Jun: Xiaomi Wuhan headquarters recruits employees to give priority to children of front-line medical staff
36Kr learned that Xiaomi Lei Jun said in an interview with Bai Yansong's "News 1+1" that mobile phones are a necessity and supply chain production has now resumed. Xiaomi's main impact during the epidemic was divided into three aspects: production issues, factories were greatly affected in February and March; demand issues, many retail stores closed in February and March. In addition, Lei Jun also said that when Xiaomi Wuhan headquarters recruits 1,000 employees, the children of medical staff on the front line are now in progress. (E-commerce News)
5. Tmall launches luxury discount channel Luxury Soho
According to the news on April 27, according to the interface, Luxury Soho, the Tmall luxury discount channel, has been launched recently, and Taobao users have also entered the platform by searching for "luxury discount". It is reported that Tmall launched the luxury platform Luxury Pavilion in 2017. At present, there are hundreds of brands on the platform, including luxury brands such as Prada, Valentino, Versace. (interface)
Internet Information
6. Huya’s latest equity structure: Tencent holds 36.9% of the shares, making it the largest shareholder
Huya’s 20-F filing with the U.S. Securities and Exchange Commission (SEC) on April 27 shows that Tencent holds 36.9% of the company’s shares, making it its largest shareholder. As of April 3, 2020, Tencent held 81,012,054 Class B common shares of Huya, accounting for 36.9% of the shares and 50.9% of the voting rights, and is the largest shareholder of Huya; Huya Group held 68,374,463 Class B common shares of Huya, accounting for 31.2% of the shares and 43.0% of the voting rights, and is its second largest shareholder. (Sina Technology)
7. China Securities Regulatory Commission responds to Luckin’s fraud incident: It has communicated with the US Securities Regulatory Commission on cross-border regulatory cooperation
On April 28, the China Securities Regulatory Commission responded late at night yesterday that since Luckin Coffee revealed its financial fraud, the China Securities Regulatory Commission has immediately expressed its solemn position to the outside world and communicated with the US Securities Regulatory Commission on cross-border regulatory cooperation. The US Securities Regulatory Commission has made a positive response. Under the framework of cooperation such as the IOSCO multilateral memorandum, the China Securities Regulatory Commission has provided audit work papers related to 23 overseas listed companies to a number of overseas regulatory agencies, including a total of 14 provided to the US Securities Regulatory Commission and the US Public Company Accounting Oversight Board (PCAOB).
In addition, in October 2019, China and the United States also reached a consensus on the retrieval of audit work papers of listed companies in the United States audited by Hong Kong accounting firms and stored in mainland China. At present, the cooperation channels are smooth. (Titanium Media Instant Eye Broadcast)
8. Alibaba opens a green channel for nucleic acid testing group appointments
Alibaba announced today that it has opened a green channel for the new crown nucleic acid testing group appointment with partners such as Meinian Big Health Tmall flagship store, Aikang Guobin Tmall flagship store and Dian Health Examination Tmall flagship store to help small and medium-sized enterprises resume work and production. Starting from April 27, companies and related groups with new crown testing needs can search for "New crown nucleic acid testing" through apps such as Taobao, Tmall, Alipay, UC or Quark Search on mobile phones to enter the page, and drop down the page to enter the green channel for the COVID-19 screening team reservation, and conduct relevant consultations and appointments. (E-commerce News)
9. China Literature announces that Tencent Vice President Cheng Wu becomes CEO Wu Wenhui resigns as management position
On April 27, China Literature Group announced the adjustment of its management team. The current co-CEO Wu Wenhui, Liang Xiaodong, President Shang Xuesong, and Senior Vice President Lin Tingfeng and other senior management team members retired and resigned from their current management positions. At the same time, the board of directors appointed Cheng Wu, the current vice president of Tencent Group and CEO of Tencent Pictures, as the CEO and executive director of China Literature Group, and Hou Xiaonan, vice president of Tencent Platform and Content Business Group, as the president and executive director of China Literature Group. (E-commerce News)
Cross-border e-commerce
10. After the prosecution was rejected, Amazon said it would close French warehouses until May 5
April 28 news, according to foreign media reports, Amazon said on Monday that it would continue to close its six warehouses in France until May 5 after a French court rejected the lawsuit against the US online retailer Amazon for restrictions on delivery scope during the coronavirus pandemic. (Titanium Media Instant Eye Broadcast)
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