#Laogao E-commerce Newsletter# [E-commerce Morning News on August 27]

    　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 27] Pinduoduo and Ningxia reach strategic cooperation to launch "Ningxia Youpin Pavilion"; Douyin: From October 9, it will no longer support third-party products to enter the live broadcast room shopping cart; JD.com has reached cooperation with Yiweilu and GIA, and it is more reliable to buy diamonds online; Meitu Company lays off 15% of its employees; Amazon may launch a new luxury brand e-commerce platform...

    　　E-commerce newsletter

    　　1. Pinduoduo and Ningxia reach strategic cooperation to launch "Ningxia Excellent Pavilion"

    　　According to Pinduoduo’s official Weibo, Pinduoduo reached a strategic cooperation with Ningxia today and officially launched the “Ningxia Premium Pavilion”. This morning, Liang Wanrong, member of the Party Leadership Group and chief economist of Ningxia Department of Commerce, brought Ningxia's "Five Towns" and leaders of wine counties and cities on the eastern foot of the Helan Mountains to live broadcast the goods. It is reported that the products are nourishing ingredients such as wolfberry and licorice, special fruits and vegetables such as selenium sand melon and potatoes, as well as wine and meat from the origin, etc. (E-commerce News)

    　　2. JD.com has reached a cooperation with Yiweilu and GIA, and it is more reliable to buy diamonds online.

    　　On August 26, Yiou learned that JD.com recently reached a cooperation with British blockchain technology company Yiweilu and GIA, the world's largest diamond certification agency, to jointly strive to enhance the trust and transparency of diamond traceability and further enhance users' confidence in purchasing diamonds online. This cooperation will use blockchain cross-chain technology to synchronize GIA diamond detection information to JD Zhizhen Chain Anti-counterfeiting Traceability Platform, and provide customers with independently verified diamond certificate information through JD Mall app, mobile terminal and PC web pages.

    　　Through this cooperation, JD consumers can check the diamond grading appraisal report provided by GIA before receiving the diamond and GIA reports to obtain diamond quality and characteristics information online. The application of blockchain technology in e-commerce stores the information of diamond-grade identification on the blockchain, making it easier for consumers to view, thereby improving consumers' online shopping experience and enhancing the credibility of China's online jewelry market. (Yiou)

    　　3. News says Alibaba suspends investment plans in Indian companies for at least 6 months

    　　Alibaba Group has put aside plans to invest in Indian companies and will not invest in Indian startups for at least the next six months, two people familiar with the matter said. People familiar with the matter also said that Alibaba has no plans to reduce or withdraw from the investment for the completed investment. (Sina Technology)

    　　4. The first "E-Commerce China 918 Live E-Commerce Festival" will be launched in Hangzhou

    　　On August 26, E-commerce China·Zhejiang Hangzhou—The 11th Zhejiang Business Service Trading Expo (hereinafter referred to as "Zhejiang Fair") National Promotion Conference was held at the Hangzhou West Lake Fair Museum in 2020. It is reported that "E-Commerce China·Zhejiang Hangzhou" covers three major sectors: conference forums, theme exhibitions and special events. The conference adopts the overall structure of "1+8+N", "1" is to hold an exhibition, and "8" is 8 forums, including 1 main forum and 7 sub-forums, covering cross-border e-commerce, live e-commerce, digital trade rules, e-commerce talents, e-commerce technology sub-forums, etc. At the same time, the conference will also be equipped with precision and high-end activities such as N-field small-scale docking meetings, salon meetings and closed-door meetings.

    　　In addition, in order to reduce the potential risks of this event, this conference will also implement a two-way integration of "online + offline" exhibition model, and plan to use modern technical means to create an "online exhibition" platform to provide exhibitors, channel merchants and consumers with a platform service of 365 days a year.

    　　The "E-Commerce China·Zhejiang Hangzhou" Organizing Committee revealed that this conference is expected to exhibit more than 1,000 companies, more than 100 well-known domestic and foreign media participated in the report, and the number of online and offline exhibition visitors will exceed 100,000. The conference will also invite many leading e-commerce companies such as Google, JD.com, eBay, Alibaba 1688, and Zebra members to participate in the conference activities. (Europe)

    　　5. TikTok: From October 9th, no longer supports third-party products to enter the shopping cart in the live broadcast room

    　　According to August 26, today there is news that Taobao and JD products will not be able to connect to Douyin from October 9. According to the Beijing News, in response to this statement, a relevant person in charge of Douyin responded that from September 6, the live broadcast sharing of products from third-party platforms will need to match live streaming experts through the Giant Star Map platform; from October 9, products from third-party sources will no longer be supported for entering the shopping cart in the live broadcast room; products from small shop platforms will not be affected. These policies are only for live streaming and short videos can still carry third-party linked products normally. (Beijing News)

    　　Internet news

    　　6. Meitu Company lays off 15% of its employees

    　　According to the report on August 26, according to the self-media Internet diary, Meitu is quietly shrinking its employee size, or laying off employees. In the first half of this year, Meitu Group (referred to as Meitu) reduced 182 employees, which is about 15% of the employee size at the end of last year. (Titanium Media)

    　　7. Xiaomi appointed Lin Shiwei as Chief Financial Officer

    　　Xiaomi Group issued an announcement stating that Lin Shiwei will serve as chief financial officer and vice president from October 8. According to the announcement, Lin Shiwei is 46 years old this year and has more than 20 years of experience in comprehensive investment banking business. Previously, he served as managing director of the Capital Markets Department of Credit Suisse Investment Banking Asia Pacific and head of technology, media and telecommunications business. (Europe)

    　　8. Douban responded to "major changes in equity": Abei is still CEO, and the substantial equity structure has not changed.

    　　Recently, Tianyancha App shows that the equity of Douban's main company Beijing Douwang Technology Co., Ltd. has changed, and the largest shareholder has changed from the original Mi Yunfei to Li Yafei, and Li Yafei now holds a 96.08% stake. Regarding the statement of equity change, Douban said that the company's largest shareholder is still Zhixin Capital, with Li Yafei as the company's vice president and shares as the manager. In addition, in response to the saying "Douban founder Abei (formerly known as Yang Bo) completely withdrew from Douban", Douban said that Abei is still in the equity structure and is still Douban CEO. (interface)

    　　9. Alibaba launches the "Ali Cloud Network Disk" App

    　　According to August 27, recently, Alibaba recently launched an independent app called "Ali Cloud Network Disk". Its developer is Alibaba Cloud team, and is positioned as a network disk product that provides C-end users with reliable and secure storage backup and smart photo album services. Currently, the app uses invitation to register and log in. No large-scale downloads are available yet. (Titanium Media)

    　　10. Amazon may launch a new e-commerce platform for luxury brands

    　　According to reports, Amazon is developing a new e-commerce platform focused on luxury brands to make it compete directly with the existing luxury fashion platform Farfetch (FTCH). It is understood that there are twelve luxury brands that will go live on the platform in September, which not only will they have full control over their online stores, but they can also take advantage of Amazon’s customer service and use Amazon’s fast delivery network.

    　　By attracting luxury brands to its own platform, Amazon can give itself more space to target the mid- and low-end clothing market, where Amazon has been paying attention to its own brand products. (E-commerce News)

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