#Laogao E-commerce Newsletter# [E-commerce Evening News on June 7]

      my country's imports and exports increased by 28.2% year-on-year in the first five months of this year; several illegal products on Amazon platform were removed from the shelves; Meituan established a new information consulting company in Shanghai with registered capital of 300 million yuan; JD.com signed contracts with nearly 30 top 100 and regional leading supermarkets; Taobao and Tmall early collection function is free for the whole June...

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

E-commerce newsletter

1. Xiaomi responds to the fire in Changsha warehouse: It is not Xiaomi warehouse and will not affect the 618 orders

      On June 7, in response to the online rumors that Xiaomi’s Changsha warehouse had a fire", Wang Hua, general manager of Xiaomi’s public relations department, responded on Weibo this afternoon that it was not Xiaomi’s warehouse, and Xiaomi’s goods were implicated and damaged, but they had insurance. In addition, it is rumored that the fire warehouse is stocking up Xiaomi 618 stocking. Wang Hua responded that the warehouse contains some local 618 stocking, but it does not affect South China. User orders will not affect them, and sales logistics guarantees will proceed normally. (E-commerce News)

2. The sales of duty-free goods in the island in Hainan Free Trade Port for the first anniversary increased by 236% year-on-year

      According to the news on June 7, information disclosed by the Hainan Provincial Department of Commerce showed that since the first anniversary of the release of the overall plan for the construction of Hainan Free Trade Port from June 1, 2020 to May 31, 2021, duty-free shops across the island have sold a total of 45.5 billion yuan of duty-free goods, an increase of 236% year-on-year. The number of duty-free purchasers was 8.77 million, an increase of 144% year-on-year. The number of duty-free shopping items was 47 million, an increase of 152% year-on-year. At present, there are 6 offshore duty-free business entities, 10 duty-free shops, and the operating area of ​​duty-free shops reaches 210,000 square meters. It is reported that in February this year, Hainan added two ways to pick up goods by "mail delivery" for off-island passengers and "return to the island to withdraw" for residents on the island, which has become an important factor in attracting duty-free consumption in Hainan. (CCTV) (Yibang Power)

3. Report: 3D vision technology will continue to be widely used in e-commerce live broadcast and other fields

      June 7th news, Tencent Youtu Laboratory recently released the "Top Ten Artificial Intelligence Trends in 2021". The report said that in recent years, many 3D vision research results have provided good technical support for low-cost and high-quality 3D content generation. Applications such as stage performances, live streaming, and educational interaction based on 3D virtual images have emerged one after another, becoming a new development direction of the AI ​​content industry. 3D vision technology will help industrial consumption upgrade in the future. AI that can protect user data privacy will be implemented practically to reduce user privacy concerns. In the future, 3D vision technology will continue to be widely used in many fields including game entertainment, film and television production, e-commerce live broadcast, medical plastic surgery, etc., and the boundaries between virtual and reality will continue to fade. (E-commerce News)

4. Taobao and Tmall early payment function is free for the entire June

      June 7th news, today, Ant Group initiated the establishment of Ant Group Announces that merchants who use Taobao Tmall early collection function can enjoy the feature for free throughout June, thereby supporting Tmall 618. This is also one of Ant Group's series of measures to reduce and exempt financial service costs for small and micro enterprises. According to reports, by collecting money in advance, on the premise of protecting consumer rights and interests by guarantee transaction mode, sellers can apply for advance payment by online merchant bank after delivery without waiting for the buyer to confirm receipt, thereby quickly recycling funds. (E-commerce News)

5. JD.com signed a contract with nearly 30 top 100 and regional leading supermarkets

      On June 7th, today, JD.com, a local instant retail platform under Dada Group, announced that nearly 30 supermarkets, including Shanxi Metehao, Hunan Xiangjiang Department Store, Gansu Oriental Bachelor, Xinjiang Friendship Supermarket, Huijia Times, Haojia Township and Aijia Supermarket, signed a contract with JD.com. Up to now, 75 of the top 100 supermarkets in the chain have cooperated with JD.com. In addition, JD.com is also rapidly expanding its business territory and seizing the sinking market. At present, northwestern provinces such as Xinjiang, Ningxia, Qinghai, Gansu, and Shaanxi have all covered them. (E-commerce News)

Internet news

6. Meituan set up a new information consulting company in Shanghai with a registered capital of 300 million yuan

      According to news on June 7, Tianyan Check information shows that on June 4, Shanghai Hanhao Information Consulting Co., Ltd. was established with a registered capital of 300 million yuan. The legal representative is Fan Lei. The business scope includes information consulting services and enterprise management consulting. The equity penetration chart shows that the company is indirectly wholly owned by Dianping's affiliated company Shanghai Hantao Information Consulting Co., Ltd. The suspected actual controller and ultimate beneficiary is Wang Xing, the founder, chairman and CEO of Meituan, with a shareholding ratio of 95%. (E-commerce News)

Cross-border newsletter

7. Twitter CEO: If you don’t work in Square or Twitter, you will study Bitcoin

      June 7th news, according to foreign media reports, Twitter CEO Jack Dorsey said at the 2021 Bitcoin Conference in Miami that if he did not work in Square and Twitter, he would do things related to Bitcoin. Dorsey believes that Bitcoin will definitely "change everything" and is what attracts him the most. It is reported that Square is a mobile payment company under Dorsey. Dorsey pointed out that Square will continue to support the development of Bitcoin. "The Internet needs a local currency", which is exactly the direction of Bitcoin's development. In addition, Dorsey also revealed that Square is "considering developing a hardware wallet for Bitcoin" and hopes to serve hundreds of millions or even billions of people. TechWeb)

8. Several illegal products on Amazon platform have been removed from the shelves

      According to foreign media reports, recently, some T-shirts, masks, hoodies and other products printed on Amazon with the slogan "Blue Lives Murder" (Blue Lives Murder) have caused dissatisfaction with consumers. The New York Detective Union asked the platform to immediately stop selling and remove related products on the grounds of suspected inciting anti-police emotions, and the related products were subsequently removed from the shelves by Amazon. During the same period, Amazon removed another T-shirt with the yellow star and the words "Unvaccinated". The yellow stars engraved with the words "Jude" were considered to be the symbol of the Nazi persecution of Jews. (E-commerce News)

9. SK Telecom denies transferring shares of its e-commerce platform 11STREET to Amazon

      On June 7, according to Yonhap News Agency, South Korea's SK Telecom denied plans to sell part of its e-commerce platform 11Street to US e-commerce giant Amazon. SK Telecom said in a statement that the company and Amazon cooperated with services to directly purchase Amazon products through 11STREET, but there was no transfer of shares. It was previously reported that SK Telecom is seeking to sell 30% of 11Street to Amazon to support its online retail business, which could acquire up to 50% of the shares. In November last year, SK Telecom said it had carried out innovative cooperation with Amazon in the field of e-commerce and signed a stake contract with Amazon. (E-commerce News)

10. General Administration of Customs: my country's imports and exports increased by 28.2% year-on-year in the first five months of this year.

      According to the report on June 7, data released by the General Administration of Customs today showed that in the first five months of this year, my country's total import and export value was 14.76 trillion yuan, an increase of 28.2% year-on-year, an increase of 21.6% over the same period in 2019. Among them, exports were 8.04 trillion yuan, an increase of 30.1% year-on-year, an increase of 23.6% over the same period in 2019; imports were 6.72 trillion yuan, an increase of 25.9% year-on-year, an increase of 19.2% over the same period in 2019; the trade surplus was 1.32 trillion yuan, an increase of 56.2% year-on-year. In May, my country's total import and export value was 3.14 trillion yuan, an increase of 26.9% year-on-year and a decrease of 0.4% month-on-month, an increase of 20.8% over the same period in 2019. Among them, exports were 1.72 trillion yuan, an increase of 18.1% year-on-year; imports were 1.42 trillion yuan, an increase of 39.5% year-on-year; and the trade surplus was 296 billion yuan, a decrease of 32.1% year-on-year. (E-commerce News)