#Laogao E-commerce Newsletter# [E-commerce Morning News on December 1st]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on December 1] Taobao adjusted the rules for prohibiting or restricting import and export goods and services; Mogujie's second-quarter revenue was 112.5 million yuan, a year-on-year decline of 43.1%; Suning.com: its Yunwang Wandian Series A financing of 6 billion yuan; Gree Group: 34 invested companies in the Super League are applying for, tutoring or planning to go public; Ziroom responds to the owner's termination of contract: friendly negotiations, and pay liquidated damages according to the contract...

　　E-commerce newsletter

　　1. Taobao adjusts rules for prohibiting or restricting import and export goods and services

　　On November 30, the "E-commerce Daily" learned that Taobao recently issued a notice on the change of the "Rules and Implementation Rules on Prohibiting or Restricting Import and Export Goods and Services" (hereinafter referred to as the Announcement).

　　The announcement stated that in order to standardize the market management order of Taobao’s online shopping platform, create a safe and secure online shopping environment for consumers, and enhance consumers’ purchasing confidence and satisfaction, Taobao will change the relevant terms of the interpretation of the Rules on the Rules and Implementation Rules on the Prohibited or Restricted Import and Export Goods and Services" in accordance with relevant laws and regulations.

　　The announcement shows that the main changes to this rule are: adjusting the content of goods and services that prohibit or restrict imports and exports. After the change, it is prohibited to import or export crude oil, petroleum products, petrochemical products from Iran; iron, steel, aluminum, and copper; textile raw materials, machinery and textile finished products and related services; construction raw materials, machinery and construction finished products and related services; mining raw materials, machinery and related services; manufacturing raw materials, machinery and parts and related services.

　　The change of the rules will be announced on November 27, 2020 and will officially take effect on December 4, 2020. (E-commerce News)

　　2. Mogujie's revenue in the second quarter was 112.5 million yuan, down 43.1% year-on-year

　　According to news on November 30, Mogujie announced its financial report today, saying that its revenue in the second quarter was 112.5 million yuan, a year-on-year decline of 43.1%; its net loss was 93.7 million yuan, compared with a net loss of 326.6 million yuan in the same period last year. (Titanium Media)

　　3. Suning.com: Its Yunwang Wandian Series A financing of 6 billion yuan

　　36Kr learned that on the evening of November 30, Suning.com announced that its subsidiary Yunwang Wandian Technology Co., Ltd. (hereinafter referred to as "Yunwang Wandian") completed its A round of financing, led by Shenzhen Venture Capital, and strategic investors also included Shenzhen Luohu Guidance Fund and SenseTime, with a financing amount of RMB 6 billion. The announcement pointed out that this time, with Yunwang Wandian as the main body, Suning.com will strategically attract investment on the omni-channel platform business, allowing Suning.com to develop and strengthen online and offline commodity management and channel operation capabilities in a more open way. (36Kr)

　　4. Douyin sued "Dou Butler" for claiming 5 million yuan, the court: Douyu Butler Company immediately stopped operating

　　On November 30, the Guangzhou Intellectual Property Court recently issued an injunction, requiring Guangzhou Zemeng Communication Technology Co., Ltd. (hereinafter referred to as "Dou Butler Company"), the operator of "Dou Butler" to immediately stop selling, operating, promoting and promoting the above-mentioned software that specifically sets the function for Douyin. (Titanium Media)

　　5. Meituan Education launches "Video Shop Exploration" product

　　On November 30, Meituan Education launched a new product "Video Shop Exploration" for educational and training institutions at the GET2020 conference. Relevant institutions can fully display three-dimensional rich content such as store environment, course content, classroom interaction and learning results in this product. At present, Meituan has provided video content display cases for different types of educational institutions such as music, art, dance, early education, STEM, basketball, fencing, and equestrian. (E-commerce News)

　　Internet news

　　6. Gree Group: 34 Chinese Super League invested companies are applying, tutoring or planning to go public

　　Up to now, among the invested companies of Gree Group, 10 companies including Changyuan Technology Group, Orbit, and Kaituo Pharmaceutical have entered the capital market. Four companies including Jinsanjiang have passed the first launch, and more than 34 companies are applying, tutoring or planning to go public. (Titanium Media)

　　7. Ziroom responds to the owner's termination of the contract: make friendly negotiations and pay liquidated damages according to the contract

　　According to November 30, media recently reported that an owner went to Ziroom Beijing headquarters to demand compensation for the contract termination incident. Ziroom said that "all tenants affected by the termination will negotiate friendly terms, and owners who meet the contract support will pay liquidated damages." (Titanium Media)

　　8. Zoom's third-quarter revenue was US$777.2 million, and its net profit increased by 89 times year-on-year

　　Video conferencing software developer "Zoom" announced its third-quarter financial report for fiscal year 2021. According to the financial report, Zoom's total revenue in the third quarter was US$777.2 million, an increase of 367% from US$166.6 million in the same period last year; net profit attributable to the company's common shareholders was US$198.4 million, an increase of 89 times from US$2.207 million in the same period last year. (Sina Technology)

　　9. Google, FB and others signed new initiatives to actively pay taxes, Amazon and Apple were absent

　　U.S. tech giants Amazon and Apple have not signed a new French initiative, government officials reportedly said. The initiative seeks to get global tech companies to publicly commit to a range of principles, including paying taxes. The French government released a list of executives of 75 tech companies that have signed the initiative so far, and executives from Apple and Amazon are not on the list. Apple declined to comment. French officials said they are communicating with Apple and Apple may still join the initiative, and specific details may be officially released in the near future. An Amazon spokesperson did not respond to a request for comment. But French officials said Amazon refused to join the initiative. (Sina Technology)

　　Cross-border newsletter

　　10. Cyber ​​Monday online sales are expected to reach a record $12.7 billion

　　According to the latest industry estimates, the online sales of Cyber ​​Monday in the United States are expected to reach a record $12.7 billion, which will surpass Black Friday sales data. Promotions at major U.S. retailers have been ongoing for nearly two months to compensate for sales losses due to malls and stores closures, while online retail giant Amazon postponed its annual summer promotions to October, creating a longer promotion season than ever before. (Sina Finance)

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