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

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on January 6] Pinduoduo rose more than 12% on Tuesday, and its stock price hit a new record high; Youzan: Merchant transaction volume increased by 74% year-on-year during the "Private Domain E-commerce Festival"; Suning's Supishi opened an offline "PLAY HOME" art co-creation plan pop-up store; B station: The payment domain name registration has been completed, and previously recruited payment positions; Shanghai Customs released the first ticket of cross-border e-commerce retail export return goods...

　　E-commerce newsletter

　　1. Pinduoduo rose more than 12% on Tuesday, and its stock price hits a new record high

　　According to the news on January 6, the US stock market closed on Tuesday, and Pinduoduo's stock price rose by more than 10%, setting a new record high. The increase reached 12.24%, at $187.20, with a total market value of $229.568 billion. According to the 21st Century Business Herald, as of the end of 2020, there were 7 companies among the Chinese Internet listed companies whose share price rose by more than 100%, among which Pinduoduo's stock price rose by 330.92% in 2020, ranking first. (E-commerce News)

　　2. Youzan: Merchant transaction volume increased by 74% year-on-year during the "Private Domain E-commerce Festival"

　　According to January 5, Youzan Weibo announced the report card of the "Private Domain E-commerce Festival" yesterday. Data shows that from December 21 to 30, 2020, the transaction volume of merchants increased by 74% year-on-year. Among them, the average customer price of goods for digital home appliances exceeded 5,000 yuan, and the GMV increased by 74% year-on-year. During the event, more than 100,000 shopping guides transformed into online selling goods within 3 days, and 40% of salesmen sold online goods worth more than 10,000 yuan, and sold more than 240,000 items in total. Among them, the shopping guides of daily necessities department store merchants achieved a maximum of 390,000 yuan per person. (E-commerce News)

　　3. Suning’s Supishi opens offline “PLAY HOME” art co-creation plan pop-up store

　　On January 5th, Suning's high-end retail brand Supishi recently opened a pop-up store of the "PLAY HOME" art co-creation program in Nanjing to create an immersive experience of "art + retail + trend". This is Supishi's first offline event. The pop-up store was created by Suning and the new British artist Emily Forgot, and is presented as a 120㎡ black and white two-dimensional home in Supis. Supis hopes to create this "home" full of global life inspiration, allowing retail and lifestyle to seamlessly integrate in a new context and touch, and explore new possibilities for experiential retail and scenario consumption. (E-commerce News)

　　4. JD.com rose more than 10% on Tuesday, with market value reaching US$149.448 billion

　　According to the news on January 6, the U.S. stock market closed on Tuesday, with popular Chinese stocks rising and falling. Among them, JD.com closed up 10.62% to US$95.50, with a market value of US$149.448 billion. At the same time, Alibaba rose 5.51%, Pinduoduo rose more than 12.24%, Bilibili rose 8.15%; Baidu fell 1.29%, and Ideal Auto fell 4.53%. (E-commerce News)

　　5. Amazon announced the purchase of 11 Broadcast 767 aircraft to speed up delivery

　　Amazon reportedly announced today that it has purchased 11 Boeing 767-300 aircraft, hoping to speed up delivery by expanding its cargo fleet. Amazon said in a statement that seven of the aircraft were from Delta Airlines and four from WestJet Airlines. These aircraft will join Amazon’s air cargo network in 2021 and 2022. (Sina Technology)

　　Internet news

　　6. French second-hand goods sales usher in a significant increase

　　French Le Figaro recently published an article saying that in 2020, the sales of second-hand goods in France's fashion, furniture, decoration and other fields have seen a significant increase, and second-hand goods that are preferential, practical, energy-saving and environmentally friendly are welcomed. Analysts believe that people's environmental awareness has gradually increased, which has played a role in promoting the development of the second-hand commodity market. In recent years, the turnover of second-hand products in various professional websites in France has continued to increase. In 2020, the sales of the second-hand commodity trading platform "Seranci" doubled compared with 2019, and the most popular second-hand clothing e-commerce platform Vinted's products launched in 2020 increased by 17% compared with 2019. (People's Daily)

　　7. After the introduction of Apple's new privacy regulations, Google's Gmail, YouTube and other apps have not been updated.

　　Titanium Media reported on January 6 that according to Sina Digital, citing foreign media reports, since Apple's privacy requirements came into effect, Google has not updated its iPhone and iPad platforms applications, including apps such as Gmail, Chrome and YouTube, which will be updated on December 7, 2020 or earlier. All Google apps still show "No details provided" under the new privacy section of the App Store. (Titanium Media)

　　8. Station Bi: The payment domain name registration has been completed, and the payment position has been recruited before

　　According to January 6, recently, Shanghai Huandian Information Technology Co., Ltd., an affiliate of B station, has completed the filing of domain names such as "bilibilipay.com" and "bilibilipay.cn", which is similar to Alipay, Tenpay, and JD Payment. Such domain names can usually be translated as "Bilibili Payment". In addition, since November last year, Bilibili has begun to recruit payment business-related positions on its official website and on many recruitment websites. The job responsibilities description of payment product managers clearly states that "PM must be responsible for wallet design and overall planning of payment-related products." (Tech Planet)

　　9. Shanghai Customs releases the first ticket of cross-border e-commerce retail export returns

　　According to January 5, Shanghai Customs has recently successfully released the first cross-border e-commerce retail export return goods, marking the Shanghai Port opening up the cross-border e-commerce retail export return channels, which will provide a sample for the majority of e-commerce companies to solve the problem of "difficulty in export returns". (E-commerce News)

　　Cross-border newsletter

　　10. Amazon Announcement: Changes to VAT Rules for Sale of Goods for UK Buyers

　　On January 5, Amazon issued an announcement on "Changes to VAT Rules for Sales of Goods for UK Buyers", with the original text as follows:

　　According to new regulations issued by the UK government, the UK VAT collection method for sale of goods for UK buyers will change from January 1, 2021.

　　Amazon will be responsible for charging UK VAT for the following sales of goods ordered through any Amazon store and delivered to UK buyers:

　　Use stock delivery items stored outside the UK and the parcel value is not more than £135; and

　　Use stock delivery items stored in the UK (regardless of value) and the seller's business is not set up in the UK.

　　For sales of goods that meet any of the above circumstances, Amazon will calculate UK VAT at checkout and charge buyers this part of the tax and pay them directly to the UK tax agency. You will not receive the UK VAT amount in your payment, nor will you have to pay this amount to the UK tax agency.

　　Please note that if goods are delivered to UK buyers using stock stored outside the UK, the VAT exemption currently enjoyed for sale of goods worth less than £15 will be cancelled from 1 January 2021. By then, Amazon will calculate and charge UK VAT for these sales, regardless of value. (Hugo.com)

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