#Laogao E-commerce Newsletter# [November 27 E-commerce Evening News Brief]

　　#Laogao E-commerce News# [November 27 E-commerce Evening News Brief] Hong Kong Hang Seng Index closed up 0.28% and Alibaba Health rose 6.13%; in 2020, the National Model Workers announced 16 Taobao merchants; AliExpress: The first day of "Black Friday" sales increased by 3.5 times year-on-year; Dada Express: As of November, the number of service cake stores increased nearly doubled year-on-year; JD.com intends to bid for US$1 billion to acquire the business of the Japanese daily chemical giant Fangke in the Asia-Pacific market except Japan......

　　E-commerce newsletter

　　1. JD.com intends to bid for US$1 billion to acquire the business of Japanese daily chemical giant Fangke in the Asia-Pacific market except Japan

　　According to Reuters, it is reported that JD.com intends to bid for a bid of $1 billion to acquire Japanese daily chemical giant Fangke's business in the Asia-Pacific market except Japan, and other competitors include BlackRock and Bain. (Yiou)

　　2. Dada Express: As of November, the number of serving cake stores has increased nearly doubled year-on-year compared with last year

　　According to official data on November 27, as of November this year, Dada Express has reached cooperation with dozens of cake chain brands, and the number of cake stores it serves nearly doubled year-on-year, and the average daily delivery order volume increased by more than 144% year-on-year. It is reported that Dada Group officially launched the Dada Express Quanxinda service in July this year. The service has served many brands such as Yuanzu Food, Murakami Thousand Layer Cake, 1Cake Yike Cake, 7cake Durian Thousand Layer Cake, Nuoxin Cake and other brands through customized hybrid capacity models and service systems and matching smart logistics systems. (36Kr)

　　3. Yonghui Supermarket "Bravo YH" opens all three provinces and three stores

　　On November 27, today, the high-end supermarket "Bravo YH" under Yonghui Supermarket was opened in three provinces, Hunan, Hubei and Guizhou. The national layout has been deepened and the sinking market has continued to deepen. As of that day, Yonghui Supermarket's business has covered 29 provinces and 572 cities (districts and counties). Up to now, Yonghui Supermarket has opened 36 stores in Guizhou and 17 are being built; 7 stores in Hubei and 12 are being built; 6 stores in Hunan and 4 are being built. (36Kr)

　　4. National Model Workers announced 16 Taobao merchants in 2020

　　On November 27, the National Commendation Conference for Model Workers and Advanced Workers was held recently. According to incomplete statistics, among the candidates who received the commendation, 16 labor models including Cheng Guoqing, Wei Shilong, Zhao Xia, Niu Qinghua, Huang Yong, Tan Yanlin also have the status of Taobao merchants. In response, the person in charge of Taobao industry said that learning that some merchants have won the honor of model workers is also an honor for the platform. Taobao will continue to stick to its original aspirations and serve entrepreneurs well. (Titanium Media)

　　5. Tmall International: More than 80 US outlet malls have settled in during the "Black Friday" period

　　On November 27, during this year's "Black Friday", more than 80 American outlet malls entered Tmall International to purchase overseas, launched more than 5,000 light luxury brands, and more than 120,000 pieces of goods were stocked in overseas warehouses. After a consumer places an order, the goods can be received in as soon as 72 hours. Data shows that as of now, the transaction volume of US outlets has increased by 10 times year-on-year compared with last year's "Black Friday". (Titanium Media)

　　Internet news

　　6. It is said that Alibaba and Tencent have suspended negotiations to acquire iQiyi shares held by Baidu.

　　Titanium Media reported on November 27 that according to Reuters, Alibaba and Baidu suspended negotiations on acquisition of iQiyi. According to reports, Alibaba and Tencent have differences on iQiyi's valuation of about US$20 billion, and are also facing adverse regulatory factors, so the negotiations are deadlocked. In addition, ByteDance internally evaluates the feasibility of acquiring iQiyi shares, but Baidu is unlikely to consider this option.

　　Reuters pointed out that although iQiyi is the second largest player in China's video streaming market, it has not yet achieved a break-even in its 10 years. iQiyi plans to raise at least $1 billion in the form of stock issuance or convertible bonds in the next few months. (Source: Cailianshe)

　　7. Sany's "Online BMW Exhibition" sold 23.5 billion in 2 hours

　　Titanium Media reported on November 27 that at 8 pm last night, Sany Group's "Global Machine Purchase Carnival Night" was launched online and offline on time. Backstage data shows that within 1 minute of the event's launch, 340,000 people entered the live broadcast room, with a fixed amount exceeding 100 million yuan in 8 minutes and a transaction volume of 23.489 billion yuan in 2 hours. Excavators alone sold more than 17,919 units, setting a new record for the industry's global single online promotion. (Titanium Media)

　　8. The affiliated company of SF Express, a subsidiary of "Fengqu Overseas Shopping", becomes the person subject to execution

　　On November 27, the Hang Seng Index of Hong Kong closed up 0.13%, among which Meituan rose 1.3%, Xiaomi Group fell 2.07%, JD Group fell 0.87%, and Alibaba rose 0.22%; Alibaba Health rose 6.135 to HK$22.5, with the latest market value of HK$302.701 billion. (Titanium Media)

　　9. Hong Kong Hang Seng Index closed up 0.28% and Alibaba Health rose 6.13%

　　November 26th news, at the 2020 World Intelligent Manufacturing Conference held today, Zhang Jindong, chairman of Suning Holdings Group, said that intelligent manufacturing is ushering in an era of great development. The retail industry connects production upward and serves users downward, which is an important port for connecting and collaborating intelligent manufacturing. "Suning will give full play to the fundamental role of smart retail in the field of consumer services and promote the high-quality development of intelligent manufacturing." (Titanium Media)

　　Cross-border newsletter

　　10. AliExpress: The first day of Black Friday sales increased by 3.5 times year-on-year

　　According to news on November 27, data from AliExpress showed that the first day of the "Black Friday" event this year, the number of orders on AliExpress increased by 1.6 times compared with the same period last year, and sales increased by 3.5 times. South Korea, which has the strongest upward trend, saw sales grow nearly 15 times, Spain grow 7 times, Poland grow 6 times, and France, Russia and Ukraine all grow more than 4 times. It is reported that from Double 11 to Black Friday, the platform's Christmas celebration-related products have been selling well. Sales of coffee utensils increased by 120%, Christmas tableware sets increased by more than 100%, Christmas lights increased by nearly 260%, and Christmas toys increased by more than 500%. (Source: Sina Finance)

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