#Laogao E-commerce Newsletter# [June 8 E-commerce Morning News Brief] Alibaba 1688 Spring Lei plan to help Ningbo foreign trade companies switch to domestic sales; JD.com’s highest public offering price in Hong Kong is HK$236 per share; Dingdong Maicai released a "night economy" report: night consumption accounts for more than 35% of the total consumption; Didi App navigation bar joins the "freight" business in the early morning and officially enters the freight market; Mercado Libre: Chinese cross-border sellers are not subject to Mexico VAT and income tax...
E-commerce newsletter
1. Alibaba 1688 Spring Thunder Plan helps Ningbo foreign trade enterprises to convert domestic sales
According to June 7, Alibaba, Ningbo Beilun District Bureau of Commerce and Economic and Information Bureau jointly held a special training course to expand the market and promote consumption and a special matching meeting for the "Spring Thunder Plan". At the meeting, the relevant business leaders of Alibaba shared the theme of "Facing the current epidemic, how can enterprises quickly do online sales", helping Ningbo enterprises to convert foreign trade into domestic sales, and jointly creating local digital trade markets and digital industrial belts. (E-commerce News)
2. The highest public offering price of JD.com listed in Hong Kong is HK$236 per share
On June 8, in the morning, JD.com issued an announcement on the Hong Kong Stock Exchange, showing that the Hong Kong Stock Exchange will start at 9:00 am on June 8 (Monday). It is expected to be priced on June 11 (Thursday), and will be traded on the Hong Kong Stock Exchange at 9:00 am on June 18 (Thursday). (Titanium Media)
3. Suning Group Pinzhu 66 Direct Sales Festival sold 300 million pieces in 18 hours
According to Global News on June 7, as of 18:00 on June 6, Suning Group Pin Purchase Direct Sales Festival sold a total of 300 million pieces online, up 163% year-on-year from August 8 last year. Among them, maternal and infant, food, and home furnishing are the three most popular categories, while home garbage bags are the best-selling products with sales of 10 million. Yibao brand paper draw is the most popular among women, with sales of 5 million bags per day, and the cumulative orders of 17.304 million pieces were reported on the group purchase. As a rural characteristic, a total of 8 million domestic eggs were sold. (E-commerce News)
4. NetEase Ding Lei will broadcast goods on Kuaishou live, and has had contact with Douyin before.
It was learned from several sources that NetEase CEO Ding Lei will sell goods on Kuaishou live broadcast. The first live broadcast date is June 11. It is worth noting that NetEase officially returns to the Hong Kong stock market and listing on this day. 36Kr asked Kuaishou for confirmation about this matter, and the other party said he would not comment. 36Kr learned that the first communication between NetEase Yanxuan team and Kuaishou was in May, and at the same time, Douyin was also in contact with NetEase Yanxuan. (36Kr)
5. Dingdong Maicai released the "Night Economy" report: Night consumption accounts for more than 35% of the total consumption
According to the news on June 6, the "Dingdong Maicai "Night Economy" Report" released by Dingdong Maicai shows that since June, Dingdong Maicai's night consumption has accounted for more than 35% of the total consumption. The report points out that users in the 20-29 age group and 30-39 age group are the main force of night consumption, and among consumers who place orders at night, women account for more than 65%. (36Kr)
Internet Information
6. Didi App navigation bar joins the "Freight" business in the early morning and officially enters the freight market
36Kr learned that in the early morning of June 8, the top navigation bar of Didi Chuxing App updated the words "Freight" and simultaneously launched the "Kaicheng Calling Continuous" activity, and users can choose to vote in the city. Ten cities including Hangzhou, Guangzhou, Beijing, Tianjin, and Shenzhen are listed, which further confirms the news that Didi will launch freight. Didi confirms the matter of the soon-to-be-launch freight business. However, as of the time of launch and operation mode, Didi has not given a reply to specific issues such as 36Kr’s release. (36Kr)
7. Bytes launched the "Tomato Changting" app
ByteDance has launched an app called "Tomato Changting", and its Slogan uses the "Free Good Books, All in Tomato" from the Tomato Novel App. This product plays a large number of genuine novels in Tomato Novels in the form of audio, and uses the voice of AI live anchors. (Tech Planet)
8. Ctrip has established an industrial VC and has invested in 66 companies
Industrial and commercial information shows that on June 3, Ctrip Venture Capital (Shanghai) Co., Ltd. was registered and established with a registered capital of RMB 100 million. CVSource data shows that in the past few years, Ctrip has invested 66 companies publicly, covering upstream and downstream companies in the tourism industry such as catering, accommodation, aviation, and technology. (Touzhong.com)
9. Apple plans to provide Apple Card interest-free installment services for Mac, AirPods, iPad, etc.
According to Bloomberg, Apple will launch this Apple Card service in the coming weeks, and customers can be interest-free for up to 12 months. The 12-month interest-free plan will be available for iPad, Mac, Apple Pencil, iPad keyboard and Pro Display XDR, while the 6-month interest-free plan will be available for AirPods, Apple TV and HomePods. Customers will be able to pay through the Wallet app, and the monthly fee will be added to their Apple card bill. (IT Home)
Cross-border e-commerce
10. Mercado Libre: Mexican VAT and Income Tax are not applicable to Chinese cross-border sellers
June 7 news, recently, Mercado Libre published an article saying that Chinese cross-border sellers do not apply to Mexican VAT and income tax. It is reported that starting from June 1, 2020, Mexico's new tax law has begun to take effect, and the Mexican government will begin withholding online digital businesses and impose VAT value-added tax and income tax. However, Mercado Libre said that such taxes only apply to all types of taxpayers in Mexico and are not applicable to Chinese cross-border sellers. All Chinese cross-border sellers can continue to sell online normally and are not applicable to assume tax obligations arising from the new tax laws. (E-commerce News)
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