June 2 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on June 2] JD.com has launched another stranger social product "Pan Xi"; news says ByteDance will set up a second company in India; Pepsi acquired Baicaowei for US$705 million, which will maintain independent operation; global iPhone sales fell by 8.2% year-on-year in the first quarter, with only Xiaomi's sales slightly increasing; Google unexpectedly pushed Android 11 Beta updates to reveal new features...

　　E-commerce newsletter

　　1. Tmall 618: Taobao live broadcast transaction volume exceeded 5.1 billion yuan in one day

　　According to June 2, Taobao Live's transaction payment amount on June 1 exceeded 5.1 billion yuan. Data shows that more than 20 brands, merchants and anchors sold more than 10 million yuan in Taobao live broadcast rooms throughout the day. At the same time, Taobao live broadcast is allowing the trend of live broadcasting for the whole people and all things to be broadcasted to sweep the whole society. During this year's Tmall 618, more than 300 stars, 4 major satellite TV shows, 40 variety shows... all came to Taobao to broadcast live. On the evening of May 31, Hunan Satellite TV's "June 1st Party" was broadcast in Taobao's live broadcast room, becoming the first large-scale variety show party in the country to enter the live broadcast room. (E-commerce News)

　　2. News says ByteDance will set up a second company in India

　　According to Economic Times, ByteDance is planning to set up a second company in India. According to reports, ByteDance plans to submit applications to local governments and regulators in the next few weeks. The new company will provide information technology and IT-based support to all ByteDance platforms and businesses around the world, including TikTok India, social media app Helo India. (DoNews)

　　3. JD.com will launch another stranger social product "Panxi"

　　JD.com recently quietly launched a social product called "Panxi", positioning as a brand new open social app, with its slogan as "Meet You in Looking forward to it". Users can show themselves through videos, texts, pictures, etc., discover people nearby, and convert them into offline real dates. Consult the official Panxi App and learned that the person in charge of Panxi is from JD.com. JD.com previously launched the campus social product of "Liwuwo" and later renamed it "Liwu" to transform into a campus local life service. (Tech Planet)

　　4. NetEase will be listed on June 11 to raise a maximum of HK$24.49 billion

　　On June 2, NetEase submitted its prospectus on the Hong Kong Stock Exchange website. According to the prospectus, NetEase will issue more than 171 million new common shares in this issuance, with a maximum public offering price of HK$126 per share. NetEase common stock will be listed on the main board of the Hong Kong Stock Exchange, with the stock code "9999.HK", and trading is expected to start at 9:00 a.m. on June 11, 2020. CICC, Credit Suisse, and JPMorgan serve as joint sponsors, joint global coordinators and contact book managers. (E-commerce News)

　　5. Pepsi acquires Baicaowei for US$705 million, which will maintain independent operation

　　On Monday, Pepsi announced that the deal to acquire Hangzhou Holmes Food Co., Ltd. for $705 million has been approved by Chinese government regulators and the delivery has been completed. After the transaction is completed, Baicaowei will become an independent business unit of PepsiCo Asia Pacific, maintaining independent brand and independent operation, and Baicaowei's original executive team and operating model will remain unchanged. (Zhitong Finance)

　　Internet Information

　　6. Global iPhone sales in the first quarter fell by 8.2% year-on-year, while Xiaomi sales only increased slightly

　　According to data research firm Gartner, in the first quarter of 2020, the sales volume of the entire smartphone market reached 299 million units, a year-on-year decrease of 20.2%. Apple's iPhone sales fell 8.2% year-on-year. Compared with Apple, other smartphone manufacturers have seen a larger decline in sales. Samsung's sales fell 22.7% year-on-year, while Huawei's sales fell 27.3%. Xiaomi is the only smartphone manufacturer with slightly higher sales, with sales up 1.4% year-on-year. (Sina Digital)

　　7. Dada Group's IPO raised approximately US$303 million, and JD.com and Walmart subscribed a total of US$90 million.

　　On June 1, Dada Group updated the US stock IPO prospectus to the SEC of the US Securities and Exchange Commission, showing that Dada Group plans to issue 16.5 million ADSs, priced at US$15 to US$17 per share, each ADS represents 4 common shares, and the company's valuation is between US$3.5 billion and US$4 billion. Dada Group expects the net fundraising to be US$240.8 million. If the "green shoe mechanism" is fully implemented, Dada Group will raise about US$303 million based on the IPO price of US$16. In addition, existing shareholders JD.com and Walmart intend to become cornerstone investors, subscribing to US$60 million and US$30 million respectively. (36Kr)

　　8. Google unexpectedly pushes Android 11 beta update to reveal new features

　　Google unexpectedly pushed Android 11 beta updates to a few devices in advance. A few users have received updates on Pixel 4 XL phones. The updated features include: 1.3 new icon shapes; 2. A new power menu preview interface, mentioning cards & passes, and device controls; 3. Apply recommended settings for the home screen launcher; 4. Developer options, moving media controls to the quick settings. (IT Home)

　　9. Due to large-scale protests in the United States, companies such as Sony and Google announced their postponement of press conferences

　　According to foreign media reports, Sony announced that it would postpone the virtual press conference on the PlayStation 5 game console, which has also become one of the most watched corporate activities postponed due to Americans' protests against police atrocities. Alphabet's Google also postponed the Android 11 mobile operating system launch conference, which was originally scheduled to be held on June 3. (Sina Technology)

　　Cross-border e-commerce

　　10. Amazon plans to issue a total of US$10 billion in corporate bonds on 6 different maturity dates

　　On June 2, Amazon said in a regulatory filing with the Securities and Exchange Commission (SEC) that Amazon plans to issue a total of US$10 billion in corporate bonds based on six different maturity dates. The company plans to issue US$1 billion in 2023 corporate bonds maturing at a face rate of 0.400%, and plans to issue US$1.25 billion in 2025 corporate bonds maturing at a face rate of 0.800%, and plans to issue US$1.25 billion in 2027 corporate bonds maturing at a face rate of 1.200%, and plans to issue US$2 billion in 2030 corporate bonds maturing at a face rate of 1.500%, and plans to issue US$2.5 billion in 2050 corporate bonds maturing at a face rate of 2.500%, and plans to issue US$2 billion in 2060 corporate bonds maturing at a face rate of 2.700%. (E-commerce News)

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