#Laogao E-commerce Newsletter# [E-commerce Morning News on December 6]

Morning news: Yunda International launches a direct flight charter flight from China to Nepal; JD Cloud Container Data Center is launched in JD Logistics' Asia No. 1 park for the first time; eBay: A small number of user accounts were accidentally "frozen". The problem has been solved; China-Laos Railway launches the "first-off train" of freight to Vientiane; Alibaba upgrades "diversified governance" and Zhang Yong increases domestic demand and globalization strategy...

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E-commerce newsletter

1. Alibaba upgrades "diversified governance" and Zhang Yong increases domestic demand and globalization strategy

On December 6, Alibaba Chairman and CEO Zhang Yong sent an internal letter announcing the company to upgrade the "diversified governance" system and appoint Dai Shan and Jiang Fan to be responsible for the two major sectors of "China Digital Commerce" and "Overseas Digital Commerce" respectively. Zhang Yong said that as the entire group is forming a pattern of multi-business engine driving future growth, facing the future, "diversified governance" will become the group's new organizational strategy. We hope to use the exploration of more new governance methods to always use the advanced nature of production relations to drive the release of advanced productivity and use organizational innovation to drive business innovation. (E-commerce News)

2. Zhang Yong's internal letter: Wu Wei will no longer serve as Alibaba Group CFO Xu Hong takes over

On December 6, Alibaba's Chairman and CEO Zhang Yong sent an internal letter today stating that Wu Wei will no longer serve as the group's chief financial officer from March 31, 2022, and will be replaced by Xu Hong, the group's deputy chief financial officer. Wu Wei will continue to serve as the group's executive director and serve as a member of the Sustainable Development Committee under the group's board of directors. In his internal letter, Zhang Yong fully affirmed Wu Wei’s work in the past 15 years and his achievements for Alibaba with the word “excellent historical contribution”. He also said that he had been planning a CFO successor plan with Wu Wei a few years ago, and the conditions for handing over the shift are ripe today. (E-commerce News)

3. Caesars Travel and CITIC Travel terminate the merger

On December 6, on the evening of December 5, Caesar Travel and Zhongxin Travel issued an announcement at the same time stating that it decided to terminate Caesar Travel's exchange of shares to all shareholders of Zhongxin Travel to absorb and merge Zhongxin Travel, and issue A-share shares to raise supporting funds. It is reported that both parties issued an announcement on June 15 that Caesar Travel plans to absorb and merge CITIC Travel through share exchange. As of the close of December 3, since the two sides announced the merger on June 15, CITIC Travel's stock price fell 9.66%; Caesar Travel's stock price fell 15.04%. (E-commerce News)

4. The "first departure train" of China-Laos Railway has opened to arrive in Wanxiang

According to December 5, the first international freight train from the China-Laos Railway, which departed from Kunming Station on December 3, arrived in Vientiane, the capital of Laos at 23:11 local time on December 4. The first international freight train departing from Vientiane Station arrived at Mohan Station, China Port at 13:01 on December 4, marking the realization of cross-border railway transportation by China-Laos Railway. In the early stages of the opening of the China-Laos Railway, the Laos section was commissioned by the Laos Railway Company to operate and maintain the China Railway Kunming Bureau Group Corporation. The railway departments of both China and Laos formulated a train operation plan under the epidemic prevention and control conditions. Between Kunming and Vientiane South, two pairs of cross-border freight trains are launched every day. (E-commerce News)

Cross-border newsletter

5. eBay: A small number of user accounts were accidentally "freezed". The problem has been solved

On December 6th, eBay responded to netizens on Twitter today that a small number of user accounts were indeed "frozen" accidentally and the problem has been solved. Previously, according to TheVerge, eBay accidentally "frozen" a number of unknown users on December 3. The platform has since acknowledged the issue and noted that users who accidentally "freeze" have been notified so that they can resolve the issue. Some users said that although they did not intentionally violate any rules on the platform, they were suspended by eBay on Friday. Some users claimed that when they contacted eBay customer service about this, they did not get further information. (E-commerce News)

6. Kotak: Indian bankers may lose to Google and Walmart-backed Phonepe

According to Uday Kotak, as Google Pay and Walmart-backed Phonepe strengthened control over India's retail digital payment network, Indian bankers are at risk of losing most of their traditional businesses to global tech giants. Kotak Mahindra Bank founder and CEO Kotak said on Friday that banks will need to scale up their technology, hire more employees and focus on customers rather than sales-centric approaches to deal with competition from financially-heavy tech companies. Kotak, with a net worth of $16 billion, is the world's richest banker, according to the Bloomberg Billionaire Index. (E-commerce News)

7. Amazon's "New World" player loss is serious and it will start merging servers soon

According to news on December 5, Amazon's "New World" has been launched more than two months ago, the number of people online on Steam has exceeded 130,000 at the same time, but compared with the number of people online at its peak of 900,000 at its peak, the player loss is serious. As time goes by, the need for server mergers of "New World" has become stronger and stronger. In response, Amazon officially stated that the first server merger of "New World" will be held on December 8. (E-commerce News)

Internet Information

8. JD Supermarket participates in the National Rational Drinking Promotion Week

According to December 5, from December 3 to 10, the National Rational Drinking Promotion Week with the theme of "Rational Civilization Rejection of Drunk Driving" was held nationwide. It is worth mentioning that this event also led to the participation of some liquor sales platforms. Among them, JD Supermarket has placed theme posters in prominent positions in famous Chinese and foreign wine channels and wine restaurant channels, and will display them to the public during the publicity period, integrating the concept of rational drinking into the consumption process. (E-commerce News)

9. JD Cloud Container Data Center was launched in JD Logistics’ “Asia No. 1” Park for the first time

According to December 5, recently, an AIO container data center composed of 11 46U cabinets was officially unveiled in the "Asia No. 1" park in JD Logistics, installing the first movable "IT heart" to "Asia No. 1". This is the first implementation and deployment of JD Cloud Container Data Center. Compared with traditional data centers, container data centers are 30% less expensive in design and construction. In terms of construction and delivery, production and manufacturing can be completed in the factory within 4 to 6 weeks, and on-site installation and commissioning can be completed within 2-4 days. The installation location is flexible and can be installed and used indoors and outdoors. (E-commerce News)

10. Yunda International launches a direct flight charter flight from China to Nepal

According to December 5, Yunda International recently launched a direct charter flight from China to Nepal, with goods including scarves, cashmere sweaters, cotton fabrics, carpets, copper products and Thangkas. It is reported that Yunda International Service Network has currently opened more than 30 international dedicated lines in South Korea, Canada, Australia, etc., and has more than 60 franchisees in 35 countries and regions around the world. (E-commerce News)