#Laogao E-commerce Newsletter# [May 11 E-commerce Evening News Brief]

      "#Laogao E-commerce News# [E-commerce Evening News on May 11]" Amazon responded to the ban on big sellers: they will take action against non-compliance; Pinduoduo's US stock market closed down 9.11% and was previously interviewed by the Shanghai Consumer Protection Committee; Alibaba Zhang Yong: 52% of the company's current employees are born in the 1990s; survey: Microstores, online stores, and new media operations are flexible employment methods that young people are interested in; JD.com is suspected of removing all related keywords from Gigabyte products and has been blocked...

      Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. All related keywords of GIGABYTE products are blocked if JD.com is suspected of removing them.

      On May 11, recently, Gigabyte said on its official website that it is different from other brands, "selecting low-cost and reduced quality methods to ask China for OEM manufacturing." This remark has caused controversy. Today, all Gigabyte products from e-commerce platforms such as JD.com are suspected to be removed from the shelves. It is reported that when searching for keywords such as "Gigabyte" and "Gigabyte notebook" on JD.com, it is no longer possible to query relevant product information. When searching for the keyword "motherboard", you can still retrieve Gigabyte related products, and the keyword "Gigabyte" is blocked. Gigabyte Technology also issued an apology statement later, saying that some of the texts published on our company's official website recently were seriously inconsistent with the facts and were caused by poor internal management of the company. Our company sincerely apologizes for the discomfort caused to everyone. (E-commerce News)

2. Pinduoduo's US stock market closed down 9.11% and was previously interviewed by the Shanghai Consumer Protection Committee.

      According to reports on May 11, as of 16:00 on May 10, Eastern Time, Pinduoduo fell 9.11%, closing at US$121.6 per share, with a total market value of US$152.4 billion. It is understood that on the afternoon of May 10, Beijing time, the Shanghai Consumer Protection Committee summoned Pinduoduo to point out its outstanding problems in consumer rights protection. The Shanghai Consumer Protection Committee requires Pinduoduo to abandon the traffic-only thinking during the platform operation process and truly implement the main responsibility of the platform from the perspective of protecting consumers' legitimate rights and interests. After the interview, Pinduoduo's US stock market opened and fell nearly 6%. (Tianxia Online Business)

3. Alibaba Research Institute report: The new generation of domestic consumer brands are moving towards both ends of the smile curve

      On May 11, the New Consumer Research Center of Alibaba Research Institute released the "2021 China Consumer Brand Development Report". Alibaba Research Institute pointed out that the new generation of domestic consumer brands are moving towards both ends of the smile curve, and paying more attention to the construction of long-term brand value. This report shows that the growth rate of new brands after the supply-side reform is the fastest, and the sales of comparable TOP10 representative brands in 2020 were 17.9 times that of 2016. Alibaba Research Institute analyzed that on the one hand, because their base is relatively small and their innovation momentum is strong, they rely more on online channels and have outstanding online data performance; on the other hand, with the help of new channels, new brands can quickly compete with traditional brands in terms of consumer scale. In addition, from the perspective of category structure, the online market share growth of Chinese brands in Alibaba's retail platform, including cultural and entertainment and 3C digital, led other consumer categories from 2015 to 2020, with a compound growth rate of 4.5%. In addition, the high price band growth of medical and health care contributed 51.9%. (E-commerce News)

4. Survey: Wechat stores, online stores, and new media operations are flexible employment methods that young people are interested in.

      On May 11, the Social Survey Center of China Youth Daily recently conducted a survey on 1,213 young people aged 18-35 through the questionnaire. Data shows that micro-store/online store (52.9%), new media operations (49.2%), audio and video blogger/anchor (43.0%) and self-media/online writing (42.1%) are flexible employment methods that the young people interviewed are more interested in. In addition, other forms include: script/copy planning (27.5%), photography travel photography/creative design (27.2%), online delivery staff (25.8%) and online car-hailing/designed driving (22.9%). (CCTV News)

5. Alibaba Zhang Yong: 52% of the company's employees are born in the 1990s

      According to May 11, Alibaba held its 16th collective wedding yesterday. At the Alibaba relatives and friends meeting that day, Zhang Yong, chairman of the board of directors and CEO of Alibaba Group, revealed that 52% of Alibaba's current employees are born in the 1990s and will continue to expand campus recruitment this year. "Ali is created by young people who have good wishes for the future. The organization will be more agile and provide more innovative opportunities for young people." (Tianxia Online Business)

Internet news

6. ByteDance Zhang Yiming ranked eighth in the "2021 Hurun Charity List"

      On May 11, Hurun Research Institute released the "2021 Hurun Charity List" today, of which Zhang Yiming donated a total of 500 million yuan in the past year, ranking eighth on the list. According to reports, Zhang Yiming's main donations include donating a total of 425 million yuan to the ByteDance Medical Workers Humanitarian Aid Fund in the name of the Chinese Red Cross Foundation in the name of the People's Republic of China for medical humanitarian aid; donating US$10 million to the Charity Fund for the Fight against the New Coronavirus Pneumonia under the "Gates Charity Partners" in the name of the individual to support the "New Coronavirus Pneumonia Treatment Accelerator"; subsidiary TikTok donated US$250 million to global coronavirus rescue work through the Centers for Disease Control and the World Health Organization and other institutions. It was on the Hurun Charity List for the second time. ByteDance ranked 108th in the Hurun World 500 last year with a value of 690 billion. Zhang Yiming ranks in the top 30 of Hurun’s global rich list this year with a wealth of 350 billion yuan. (Daily Economic News)

Cross-border newsletter

7. The eBay French, Italian and Western sites will prohibit the sale of e-cigarettes and accessories

      On May 11, eBay announced on May 10 that eBay's French, Italian and Western sites will ban the sale of eBay's electronic cigarettes and accessories. Starting from June 3, 2021, eBay.fr, eBay.it and eBay.es will prohibit the sale of e-cigarettes, e-liquids, spare parts or accessories, and sellers will not be able to create items in this category to publish. In addition, all current items in this category will be permanently deleted before June 10, 2021. It is worth mentioning that according to media reports, on March 14 this year, French Prime Minister Edouard Philippe announced the implementation of a Level 3 Coronavirus Alert, closing all non-essential stores, including e-cigarette stores. (Sina Technology)

8. Southeast Asian e-commerce platform Lazada and Ant Commercial Bank launch supply chain financial services

      May 10th news, recently, the global payment business platform Payoneer Paiying announced that it has cooperated with eBay in selected countries to help sellers collect their sales payments on eBay's main sites. With the support of Payoneer Pai Anying, eBay sellers will be able to easily collect funds, flexibly manage multi-currency accounting, and enter multiple eBay international sites to reach more potential customers. It is understood that the two parties have launched cooperation in managing payment services in Greater China starting from April this year. In the second half of this year, Payoneer Paiying and eBay intend to expand their services to more countries. (China Radio and Television)

9. Amazon responds to big sellers’ bans: It will take action against non-compliance

      On May 11, Amazon made an official response statement recently in response to the storm that Amazon's big seller Mpow, a brand under Patuson, was cancelled by the platform, and the account was blocked, and many big sellers were also blocked. Amazon said it will take action against non-compliance that affects customers and sellers to protect the legitimate rights and interests of customers and sellers. The platform has established corresponding systems and processes to monitor suspicious behavior, and has also set up dedicated teams to investigate and act quickly. At the same time, Amazon will take quick measures to violate mall rules: such as suspending or revoking sales permissions. Amazon stressed that the platform has the responsibility to take such measures and also takes corresponding actions rigorously and prudently to maintain a high-quality business environment. (Yibang Power Network)

10. Dunhuang.com: E-Yibao (Fuzhou Warehouse) US Road will suspend the receipt and delivery of live goods

      On May 11, Dunhuang.com issued a notice on May 11 about the suspension of the receipt and delivery of live goods to the United States Road in E-Jiebao (Fuzhou Warehouse) (hereinafter referred to as the announcement). The announcement stated that after receiving an emergency notice from the Fuzhou Post Office, E-mail (Fuzhou Warehouse) will suspend the receipt and delivery of live goods to the United States (general goods are still collected and sent normally). Sellers who have not yet shipped may choose other routes to ship. If the goods have been shipped and have not arrived at the warehouse, the warehouse will arrange for a return after receiving the goods. If there are any subsequent adjustments, you will be informed as soon as possible. (Yibang Power Network)