April 29 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on April 29] Tmall launched the 2020 618 promotional investment promotion; JD.com plans to go public in Hong Kong for a second time, raising about US$3.4 billion; Pinduoduo announced today: signing a cooperation agreement with Bailian Group; Douyu’s latest equity structure: Tencent holds 38% of the shares, making it the largest shareholder; Kuaishou launches the youth cultural community product "Before Community"...

　　E-commerce newsletter

　　1. Tmall launches 2020 618 promotion investment

　　According to April 28, it is reported that Tmall officially announced the 2020 investment promotion rules today: merchant registration will be conducted from April 28 to May 7; pre-sales and the first wave of spot registration will be conducted from May 8 to May 17; second wave of spot registration will be conducted from May 18 to May 26; third wave of spot registration will be conducted from May 27 to June 7. According to data disclosed by Tmall, the GMV of Tmall 618 physical payment in 2019 increased by 38.5% year-on-year; Taobao DAU increased by nearly 29% year-on-year, reaching the highest growth rate since 2017. (E-commerce News)

　　2. JD.com plans to go public in Hong Kong for a second time, raising approximately US$3.4 billion

　　People familiar with the matter said that JD.com secretly submitted listing documents and planned to conduct a secondary listing in Hong Kong. JD.com may sell up to about 5% of its shares, raising approximately US$3.4 billion in listing in Hong Kong, and is expected to be listed as early as June. (Reuters IFR)

　　3. Pinduoduo announced today that it will sign a cooperation agreement with Bailian Group

　　According to April 28, Pinduoduo announced today that it had signed a cooperation agreement with Bailian Group. According to official reports, the two parties will launch the "Everything Bailian Hi Shopping Duoduo" event during the "May 5 Shopping Festival" to provide consumers with preferential prices through online and offline joint subsidies. Currently, three online stores of Pinduoduo Bailian Mall flagship store, including the Bailian Group, have been launched. (E-commerce News)

　　4. Hubei Provincial Department of Commerce and Alibaba sign a strategic cooperation agreement on "Spring Thunder Plan"

　　April 28th news, today, the Hubei Provincial Department of Commerce and Alibaba signed a strategic cooperation agreement on the "Spring Thunder Plan" to jointly support small and medium-sized enterprises and explore new models of urban digital consumption. According to the agreement, by 2022, the two parties plan to establish 20 live broadcast bases in Hubei; targeted support and cultivate 10 industrial belts to help Hubei enterprises reach 1 billion orders on e-commerce platforms under Alibaba; build 10 special reputation streets, lay 20,000 merchants’ smart terminal equipment, and support and promote 100,000 merchants to go online to Ele.me and reputation platforms. It is reported that more than a dozen Alibaba business departments including 1688, Tmall, Taobao Live will introduce assistance measures for Hubei respectively. (E-commerce News)

　　5. The Yangtze River Delta (Xiuzhou) cross-border e-commerce base is launched to help brands go overseas

　　According to April 28, the launch ceremony of the Yangtze River Delta (Xiuzhou) cross-border e-commerce base was held at Future Science and Technology Plaza, Xiuzhou District, Jiaxing City. According to reports, the base will introduce the "Kirin Plan" project of the China Trade Digital, aiming to lead the digital economy and help brands go overseas. It will further help Xiuzhou foreign trade companies to land on major international e-commerce platforms such as Amazon, and help Xiuzhou companies open up overseas channels with Alibaba's "Yitattong". (E-commerce News)

　　Internet Information

　　6. YTO's revenue in the first quarter of 2020 was 5.534 billion yuan down 14.12% year-on-year

　　On April 28, YTO Express released its first quarter financial report for 2020. The company achieved operating income of 5.534 billion yuan during the reporting period, a year-on-year decrease of 14.12%; net profit attributable to shareholders of listed companies was 271 million yuan, a year-on-year decrease of 25.74%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 234 million yuan, a year-on-year decrease of 34.34%. (E-commerce News)

　　7. Douyu's latest equity structure: Tencent holds 38% of the shares, making it the largest shareholder

　　36Kr learned that Douyu's 2019 annual report submitted to the SEC shows that as of March 31, 2020, Tencent held 12,068,104 Douyu shares through its wholly-owned subsidiary Nectarine Investment Limited, with a shareholding ratio of 38% and a voting right of 38%. Douyu founder and CEO Chen Shaojie holds 4,681,436 shares, accounting for 14.7% of the shares, the second largest shareholder, and has 14.7% of the voting rights. (36Kr)

　　8. Gome Retail: Completed the delivery of the subscription with Pinduoduo convertible bonds

　　On April 28, Gome Retail issued an announcement today stating that Pinduoduo's strategic investment in US$200 million convertible bonds has completed the delivery procedures. Gome Retail stated that all prerequisites under the subscription agreement have been met and implemented on April 28, 2020. Bonds with a total principal amount of US$200 million have been issued to Nook Holding Co., Ltd in accordance with the terms and conditions of the Subscription Agreement. (E-commerce News)

　　9. Kuaishou launches the youth cultural community product "Before Community"

　　On April 29, Kuaishou officially launched a youth cultural community product "Before Community". Product positioning is an interactive dating community specially designed for literary and artistic youth. This is also the third community product launched by Kuaishou after "Doutian Community" and "Disco". (Tech Planet)

　　Cross-border e-commerce

　　10. U.S. lawmakers demand that the Justice Department launch a criminal investigation into Amazon

　　April 28th news, according to foreign media reports, Senator Josh Hawley, a Republican of Missouri, urged the U.S. Department of Justice to launch a criminal investigation into Amazon today, as the latter is using predatory and exclusive data practices to build and maintain its monopoly. Last Friday, it was reported that Amazon has been using third-party seller data to help design and develop its own products, thereby more advantageously competing with third-party sellers. (E-commerce News)

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