E-commerce Morning News on July 9

#Laogao E-commerce Newsletter# [E-commerce Morning News on July 9] JD.com's US stock market value exceeded 100 billion US dollars; Taoxianda: has helped 50 retail supermarket brands complete digital transformation; Suning Carrefour CEO Tian Rui: will continue to increase the efforts to open stores; Dangeche responds to user rights protection storm: the company will act in accordance with the law no matter what; Ant Group responds to rumors of listing in Hong Kong: the news is untrue...

　　E-commerce newsletter

1. JD.com's US stock market value exceeds 100 billion US dollars

According to July 9, JD.com's U.S. stock market rose by more than 5% intraday, and its market value exceeded 100 billion US dollars for the first time. JD.com closed at $65.38, up 6.02%, with a market value of $101.024 billion. (36Kr)

2. Taoxianda: It has helped 50 retail supermarket brands complete digital transformation

36Kr learned that Taoxianda said that as of now, Taoxianda has connected to offline supermarkets such as RT-Mart, Auchan, Sanjiang, Xinhuadu, Zhongbai, CP Lotus, and Greenland Youxian, and has gradually entered vertical business formats such as Baiguoyuan, Xianfeng Fruit, and Liangpin Shop, which has helped 50 retail supermarket brands across the country complete basic digital transformation. (36Kr)

3. JD.com Home: Sales of beverages and vitamins and minerals for college entrance examinations rose

According to reports on July 8, sales data from JD.com showed that the sales of refreshing beverages and vitamins and minerals and nutritional health products rose a week before the college entrance examination. On July 5, the sales of platform refreshing beverages increased by 151% month-on-month one week ago; on July 5 and July 6, the sales of vitamins and mineral health products on JD.com's platform increased by 194% month-on-month the same period last week. (E-commerce News)

4. Suning Carrefour CEO Tian Rui: Will continue to increase the efforts to open stores and positions

According to 36Kr, internal email from Suning Carrefour CEO Tian Rui showed that Carrefour will continue to increase its efforts to open stores nationwide, and through small warehouse construction and subsidies, it will increase the coverage radius and delivery timeliness of home services. In addition, Carrefour will continue to accelerate the supply chain integration with Suning Xiaodian and Suning.com App to provide more products to Xiaodian. (E-commerce News)

5. Gome APP launches the "Store" channel to provide professional shopping guide online instant service

July 8th news, recently, Gome APP launched a new "store" channel, which can provide professional shopping guides online instant service. According to Gome, the "store" of Gome APP is to move offline stores online, serving community users 3-5 kilometers around, and to form in-depth links with users with the full-chain business model of "real person instant online answers + quick delivery of products + store and home delivery service". In addition, since the "Store" channel was launched on the Gome APP in early July, it has now linked more than 170,000 communities and reached more than 60 million users. The sales revenue generated through this channel has accounted for more than 50% of the overall sales revenue. (E-commerce News)

Internet Information

6. Dangeche responds to user rights protection storm: the company will act in accordance with the law no matter what.

On July 8, in response to the recent news that the automobile financing leasing platform "Danggeche", a subsidiary of Dasouche Group, has been deeply involved in user rights protection storm, Dangeche issued a statement through its official Weibo saying that it would clarify the product model, product qualification review, product risk control, verification of known customer situations in the report, and the standards of cooperative dealers. It pointed out that for customers who insist that the Dangeche infringes on its legitimate rights and interests, these customers are sincerely invited to choose an arbitration institution or through other legal forms to allow authoritative institutions to make fair decisions. No matter what the result is, a car will act according to law. (E-commerce News)

7. It is said that Walmart has begun to recruit insurance agents in the insurance business

According to CNBC, the recruitment information listed on Walmart's official website shows that Walmart has established Walmart Insurance Services LLC to sell insurance policies. Meanwhile, the company also lists job openings on its website, recruiting insurance agents. (Interface News)

8. Ant Group responds to rumors of listing in Hong Kong: The news is untrue

July 8th, today it was reported that Ant Group plans to list in Hong Kong as early as this year, with a target valuation of US$200 billion.

Yiou immediately verified this with Ant Group. Ant Group said, "The news is untrue." Ant Group did not give a reply as to whether the company has plans to go public this year. (Europe)

9. Apple launches "Back to School Season" promotional activities

Apple today announced its annual "Back to School Season" promotion, buying a designated iPad or Mac series computer and giving a pair of AirPods headphones. You can also upgrade to AirPods Pro with a price increase, and you can also get a 20% discount when purchasing AppleCare+ services. (Sina Technology)

Cross-border e-commerce

10. Starting from July 9, the United States will resume 25% tariffs on some excluding goods.

On July 6, local time, the Office of the United States Trade Representative announced the list of the sixth batch of products that excluded and extended exclusion periods. The exclusion period was originally scheduled to expire on July 9, 2020. The notice decision will extend the exclusion period from July 9, 2020 to December 31, 2020.

There are 110 products excluded from the sixth batch of the original 34 billion tariff. There are only 12 products that have been extended for validity this time, and 98 products that have not been extended for validity.

For products that have not obtained an extended validity period, an additional 25% tariff will be reinstated from July 9. Companies exporting to the United States must be cautious in signing contracts with US customers after July 9. (Yibang Power)

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