May 13 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [May 13 E-commerce Morning News Brief] Alibaba's supply chain partner: has served more than 100,000 small and medium-sized merchants nationwide in five years; Pinduoduo's stock price hits a new high: its market value surpasses JD.com; Uber's acquisition of food delivery platform GrubHub has not reached an agreement; Luckin's internal letter apologizes to employees: the investigation is still in progress, and it will reorganize the structure and reshape the culture; Foreign media: This fall 5G iPhone screen is supplied by Samsung BOE, and both parties supply two models...

　　E-commerce newsletter

　　1. Alibaba's supply chain partner: in 5 years , it has served more than 100,000 small and medium-sized merchants nationwide.

　　According to Alibaba's cross-border supply chain news, the first supply chain partner entered in May 2015, and the supply chain partner project was officially established. In five years, more than 2,000 supply chain partners have provided services to more than 100,000 small and medium-sized businesses across the country. It is reported that during this year's epidemic, Alibaba International Station stated that Alibaba's cross-border supply chain partners and service consultants will actively contact enterprises through online services and hotlines to reduce the risk of cross-border contract fulfillment of enterprises and help enterprises solve foreign trade problems. (E-commerce News)

　　2. Pinduoduo's stock price hits a new high: its market value surpasses JD.com

　　According to the news on May 13, US stocks closed on May 12, e-commerce giant Pinduoduo rose 5.26% against the market, reaching a new record high, with the latest total market value reaching US$69.259 billion, surpassing JD.com's latest total market value of US$69.069 billion. (E-commerce News)

　　3. Dada Group publicly submitted its prospectus: Revenue has continued to grow in the past three years, with revenue in the first quarter rising by 109% year-on-year

　　Dada Group officially submitted an F-1 prospectus to the SEC, planning to list on Nasdaq under "DADA" as the securities code. The tentative fundraising amount used as a "placeholder" is US$100 million, and will become the first instant retail stock. The prospectus shows that Dada Group's revenue has continued to grow in the past three years, with a year-on-year growth rate of 90% in the second half of 2019, and a revenue growth rate in the first quarter of 2020 increased to 109%. Meanwhile, the adjusted net loss ratio was significantly optimized in 2019 to nearly half of 45.8% and 17.6% in the first quarter of 2020. Kuai Jiaqi, founder and CEO of Dada Group, serves as chairman and CEO of the board of directors. (36Kr)

　　4. Uber has not reached an agreement to acquire food delivery platform GrubHub

　　On May 13, CNBC quoted people familiar with the matter as saying that Uber plans to acquire food delivery platform GrubHub, and the two companies have discussed the all-stock transaction, but the two parties have not reached an agreement yet. Uber rejected a proposal to replace 2.15 shares of Uber shares with one share of GrubHub. According to people familiar with the matter, the acquisition negotiations between the two parties are expected to be concluded as soon as this month. (E-commerce News)

　　5. Luckin Internal Letter apologizes to employees: The investigation is still in progress, and will reorganize the structure and reshape the culture

　　Last night, Luckin Coffee's presidential office issued an internal letter saying that since the fraud incident, Luckin Coffee has been in an unprecedented crisis, and its brand image and reputation have been affected. It apologized to its employees for their troubles. The internal letter also stated that the investigation of the incident is still in progress and the company will cooperate with the investigation. The new management team will reorganize the company structure as soon as possible, reshape the corporate culture, strengthen internal control to ensure legality and compliance, and maintain business stability. (Sina Technology)

　　Internet Information

　　6. National ministries and commissions responded to the suggestion of National People's Congress representative Ma Huateng: The top-level design of industrial Internet security has gradually been clear

　　When the Ministry of Industry and Information Technology, in conjunction with the Central Cyberspace Affairs Office, the Ministry of Science and Technology, the National Development and Reform Commission and other ministries and commissions responded to the suggestions of National People's Congress representative and Tencent Chairman and CEO Ma Huateng, the Ministry of Industry and Information Technology is jointly promoting industrial Internet security work with relevant departments, studying and forming a security standard framework system, and technical means are advanced in layout, and the top-level design has gradually been clear. (Shenzhen Special Zone News)

　　7. Foreign media: This fall 5G iPhone screen is supplied by Samsung BOE, and two models are provided by both parties.

　　According to foreign media reports, analysts and research institutions generally expect Apple to launch four iPhone 12 this fall, namely iPhone 12, iPhone 12 Max, iPhone 12 Pro and iPhone 12 Pro Max. The screen sizes are 5.4-inch, 6.1-inch, 6.1-inch and 6.7-inch respectively, and all support 5G network connections. The required screens will be supplied by Samsung and BOE, two of which are each supplied by the two companies. TechWeb)

　　8. Shanghai, Guangzhou and other places have issued new infrastructure action plans, and 5G becomes a must-have option.

　　According to incomplete statistics, starting from April this year, at least ten provinces or cities across the country have introduced new infrastructure implementation measures, including Shanghai, Guangzhou, Chongqing, Shandong, Yunnan, Jiangsu, Jilin and other places. Last week alone, Shanghai and Guangzhou held signing and construction ceremonies of a hundred billion level respectively. Overall, the construction of 5G network infrastructure is still the most important new infrastructure field. In the regional documents that have issued action plans and corresponding policies, 5G is basically emphasized. (21st Century Business Herald)

　　9. Shenzhou Car Rental: Shenzhou Youche has sold 100,000 shares, still accounting for 21.26% of the shares

　　On May 13, Shenzhou Car Rental issued an announcement stating that the 100,000 shares held by Shenzhou Youche (accounting for approximately 0.0047% of the total issued shares) were sold on the market on May 44, 2020 at the request of several Shenzhou Youche lenders in accordance with the terms of the relevant financing agreement. After the sale, Shenzhou Youche held approximately 21.26% of the company's issued share capital through its wholly-owned subsidiary. (Titanium Media)

　　Cross-border e-commerce

　　10. Why Amazon responded not to disclose the specific number of COVID-19 cases: It doesn’t make much sense

　　Dave Clark, head of Amazon's global logistics business, said in an interview with CBS TV this week that the spread of the new coronavirus in Amazon warehouses is not worse than that in the United States, but declined to disclose specific case numbers because "this is not a particularly useful number." Amazon spokespersons have also been using this statement over the past few weeks, which has led to pressure on Amazon by employees and government officials. Currently, panic is widespread among Amazon employees. In recent weeks, some employees interviewed said that despite the protection measures taken by Amazon, absenteeism rates in several warehouses in the United States remain high. (Sina Technology)

 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>

,