#Laogao E-commerce Newsletter# [E-commerce Evening News on September 7] In the first half of this year, 253 Russian companies entered Alibaba's B2B platform; Taobao established Zhejiang Lingping Home Furnishing Co., Ltd. with a registered capital of RMB 10 million; Pinduoduo applied for the trademark "Duoduo Supermarket" and "Xiaoduo Supermarket"; Suning International's overall sales of luxury goods and bags increased by 68% in August; 58 Home officially renamed "Swan Home", creating a national leading family service platform...

E-commerce newsletter
1. In the first half of this year, 253 Russian companies entered Alibaba's B2B platform
On September 7, the News Office of the Russian Export Center recently revealed to the Russian Satellite News Agency that in the first half of 2020, a total of 253 Russian companies entered Alibaba's B2B platform, and 72 Russian companies entered Tmall Food & Fresh. The News Office said: "In the first half of 2020, the Russian Export Center, together with its partners and with local support, registered 253 companies on Alibaba Group's global В2В platform Alibaba.com." In addition, at the end of the second quarter of 2020, the number of Russian companies with products on the official Russian food flagship store reached 72. (E-commerce News)
2. Youku "Star Live" and Taobao Live and other platforms explore new models of celebrity live broadcasts
On September 7, the "AM Lianlian" live broadcast event jointly created by Youku "Star Live" under Alibaba Entertainment, Damai "Parallel Mai Live", Taobao Live and partner Daqian Yiwei was officially announced. Youku will start a new exploration of the "content + e-commerce" model. It is reported that at 20:00 on September 8, guests such as Faye Wong, Jane Jane, and Zhou Shen will go to Youku and Taobao live broadcast rooms to sing on the karaoke and sing with fans and users. During the singer's singing, the anchors will take turns to recommend good goods and give out several rounds of welfare awards such as special flash sale, red envelope rain, blind boxes, etc. (E-commerce News)
3. Taobao established Zhejiang Yingping Home Furnishing Co., Ltd. with a registered capital of RMB 10 million
36Kr learned that Tianyancha App shows that recently, Zhejiang Yingping Home Furnishing Co., Ltd. was established with a registered capital of RMB 10 million. The legal representative is Tang Xing. The company's business scope includes: furniture manufacturing; furniture spare parts production; construction wood and wood component processing; wood processing; hardware product manufacturing; software development; information system integration services; artificial intelligence application software development; animation game development, etc., and is 100% owned by Taobao China Holdings Co., Ltd. (36Kr)
4. Pinduoduo applies for the trademark "Duoduo Supermarket" and "Xiaoduo Supermarket"
On September 7, Pinduoduo's main company Shanghai Xunmeng Information Technology Co., Ltd. applied to register a number of new trademarks on August 5, including trademarks named "Duoduo Supermarket" and "Xiaoduo Supermarket". International categories include advertising sales, design research and scientific instruments, etc., and are currently under registration application. (Titanium Media)
5. JD Health will join the 2020 China International Trade Fair for Services with four major business segments
September 7th news, recently, JD Health was invited to participate in the 2020 China International Trade in Services Fair. At the meeting, JD Health participated in exhibitions in exhibitions in the JD Group Zone, the conference public health epidemic prevention zone and other exhibition areas with four major business segments: pharmaceutical e-commerce, Internet medical care, smart solutions, and health services. Among them, JD Health focuses on displaying key businesses and service projects such as "JD Home Doctor", smart medical care, JD Pharmacy & JD Pharmaceutical Express, Jingzhikang & Health Cabin, and "Healthy China·Medical Subsidy Project". (E-commerce News)
Internet news
6. Suning International's overall luxury bag sales increased by 68% in August
September 7 news, recently, media reported that since August, online luxury goods have ushered in a wave of new growth. Data shows that throughout August, the overall sales of luxury bags such as Suning International GUCCI, FENDI, and BURBERRY increased by 68%. According to a relevant person in charge of Suning International, since March, Suning International's luxury goods sales have been in a continuous growth trend. In order to satisfy the domestic consumers' enthusiasm for purchasing luxury goods, Suning International will launch the Big Brand Luxury Products Day on September 6 and hold the Import Money Saving Festival on September 9. (E-commerce News)
7. COSTA Coffee closes nearly 10% of its stores in the Chinese market, and related companies have recently had several disputes in housing rental contracts.
According to media reports, COSTA has closed many stores in Beijing, Hangzhou, Qingdao, Nanjing and other places. Among them, Qingdao has closed all stores and nearly 20 stores in Beijing, and the number of closed stores exceeds 10% of the total number of stores in the Chinese market. (Titanium Media)
8. 58 Home is officially renamed "Swan Home", creating a national leading family service platform
September 4th news, recently, Youku, in conjunction with top content platforms such as Alibaba Pictures, Shuqi, Kuaikan Comics, launched the "Aladdin" content cooperation plan, aiming to solve the pain point of small size and limited budget for the production of the sub-account drama, and insufficient competitiveness for high-quality IPs. At present, the plan has selected 6 IP works and opened copyright cooperation to film and television producers. It is understood that Alibaba Pictures recently announced announcing a framework agreement on variety show cooperation with Youku Information. The two parties will cooperate in joint investment in variety shows, children's programs and/or film and television works; transfer investment shares of film and television works, etc. (E-commerce News)
September, August, the world's popular mobile application revenue: TikTok and TikTok won the championship again, Tencent Video ranked fourth
On September 7, Sensor Tower store intelligence data showed that in August 2020, TikTok and overseas versions of TikTok earned more than 88.1 million US dollars in the global App Store and Google Play, 6.3 times that of last August, and once again ranked first in the global mobile application (non-game) revenue list. (Titanium Media)
Cross-border newsletter
10. Surveys show that e-commerce platforms such as Amazon and eBay are filled with a lot of false comments
According to The Economist, a study released by the University of California, Los Angeles and the University of Southern California showed that among the more than 20 Facebook groups surveyed that were related to Amazon’s false comments, an average of 16,000 members per group. Among more than 560 posts per day, sellers are browsing sales or browsing positive reviews, with an average price of about $6 per order. It is reported that with the increase in product sales, the comment sections of e-commerce platforms such as Amazon, Walmart, and eBay are already full of fake comments. Amazon said it is currently using "powerful machine learning tools and skilled investigators" to analyze more than 10 million comments a week with the goal of blocking false comments before they are published. (E-commerce News)
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