#Laogao E-commerce Newsletter# [November 4 E-commerce Morning News]

Morning News: China's entire virtual reality industry chain ecosystem has been initially formed; the "Double 11" digital RMB red envelope activity will be linked in 11 cities; ByteDance's organizational structure adjustment follow-up: executive report line changes; Bezos once invited Tom Hanks to spend $28 million to space but was rejected by the latter; AliExpress and Ridien Double 11 will invest more than 300 charter flights to ensure logistics timeliness.

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

E-commerce newsletter

1. AliExpress and Cainiao Double 11 will invest more than 300 charter flights to ensure logistics timeliness

According to November 4, Alibaba's cross-border retail platform AliExpress announced that it will officially launch a two-day Double 11 event for global consumers at 16:00 on November 11, Beijing time. Over the past year, AliExpress’s logistics network has increased by 100%. In order to better meet the increasing demand, AliExpress and ecological partner Cainiao have established 5 preferred warehouses in China, and suppliers can prepare stocks in advance. (E-commerce News)

2. SF Holdings opens a special settlement account for cash management of idle funds raised

Recently, the company opened a special settlement account for cash management of idle raised funds in the Securities Branch of the Shenzhen Shenzhen South Avenue Fund Building in Huatai Securities Co., Ltd. and the Shenzhen OCT Branch of China Construction Bank Co., Ltd. The above accounts are only used for special settlement for raising funds to purchase financial products, and will not store non-raised funds or be used for other purposes. (E-commerce News)

3. Gansu Provincial Museum Tmall Store officially launched

According to November 4, the Gansu Provincial Museum Tmall store was officially launched recently. The Tmall store of Gansu Provincial Museum mainly displays and sells the provincial cultural and creative products series, including the current popular handmade cultural and creative gift "Silk Road Treasure Blind Box" series. When the audience enters the Tmall store of Gansu Provincial Museum, they can explore the fun of archaeology and experience the Silk Road culture through different upgrades such as excavation, restoration, and painting. It is reported that due to the epidemic, all goods at the Tmall Taobao store of Gansu Provincial Museum are currently delayed in shipment, and the specific delivery time will be determined according to the changes in the epidemic situation. (E-commerce News)

4. Follow-up of ByteDance’s organizational structure adjustment: executive reporting line changes

According to news on November 3, Tianyan Check information shows that recently, the first-instance civil judgment on the telecommunications service contract dispute between Dongxia Datong Management Consulting Co., Ltd. and the Xi'an Branch of China Mobile Communications Group Shaanxi Co., Ltd. was made public. After the court found out, it was found that the defendant constituted a breach of contract and the plaintiff claimed sufficient evidence, and the court supported it. The judgment result of this case is that the defendant Dongxia Datong (Beijing) Management Consulting Co., Ltd. paid the plaintiff China Mobile Communications Group Shaanxi Co., Ltd. about 1.73 million yuan in Internet of Things card communication service fee for the Xi'an Branch of China Mobile Communications Group. (E-commerce News)

Cross-border newsletter

5. Amazon returns nearly $60 million tips for detaining drivers

The FTC announced Tuesday that the funds “will be used to compensate Amazon for tips for illegally detaining drivers between 2016 and 2019.” Earlier this year, the FTC filed a lawsuit against Amazon and the company's delivery service, FTC, which claimed the company did not pay the full tips drivers received when they participated in the Amazon Flex project. A total of 139,507 checks and 1,621 PayPal payments will be issued to Amazon Flex drivers, the agency said Tuesday. The average amount of these checks is $422, the largest being more than $28,000, the FTC said. (E-commerce News)

6. Uber and Tesla reach agreement to provide Tesla electric vehicles for its drivers in London

In a statement released on its UK website, Uber said the company's "Clean Air Plan" is a step to help address London's air pollution, with the goal of having an all-electric fleet by 2025. Uber said that starting early next year, a "clean air fee" of 15p per mile will be charged for every trip booked in London through the Uber app, which will be used entirely to help drivers upgrade their electric vehicles, as well as other clean air plans. Uber expects 20,000 drivers in London will be upgraded to electric vehicles by the end of 2021. (E-commerce News)

7. Bezos once invited Tom Hanks to spend $28 million to space but was rejected by the latter.

On November 4, Hollywood star Tom Hanks recently confirmed that Amazon founder Jeff Bezos had invited him to travel to space on Blue Origin's rocket, but he had to pay $28 million. Hanks said on Tuesday in a show promoting his new movie Finch that he was invited to space by Jeff Bezos before William Shatner, but he rejected the invitation. Hanks said it would cost about $28 million, he had money, but he wouldn't spend $28 million. (E-commerce News)

8. In the past six months, Russia's AliExpress has sold 10.5 million orders through social channels.

On November 4, global investment in the virtual reality industry has entered a new round of craze, and the shipments of related equipment have maintained a rapid growth trend since the beginning of this year. At present, my country's virtual reality industry has initially formed a full-industry chain ecological system. In the next step, from ministries and commissions to accelerate the cultivation of virtual reality advantageous industrial clusters. The Ministry of Industry and Information Technology will formulate the "Action Plan for the Integration of Virtual Reality and Industry Applications", tapping potential and innovative applications in key areas such as manufacturing, education and training, and cultivating advantageous industrial clusters with their own characteristics. Local governments are also planning an upgraded version to accelerate the gathering of policy guarantees, support, talent support, etc. into the virtual reality industry. (Economic Reference News)

Internet Information

9. The "Double 11" digital RMB red envelope activity will be linked in 11 cities

On November 4, this year's "Double 11" will launch red envelope activities at the same time in 11 pilot areas including the Beijing Winter Olympics venue, Shanghai, Shenzhen, Dalian, Xi'an, Qingdao, Changsha, Suzhou, Chengdu, Hainan Province, Xiong'an New Area, and significantly expand the pilot scenarios of the digital RMB. (Beijing Business Daily)

10. my country's entire virtual reality industry chain ecological system has been initially formed

On November 4, global investment in the virtual reality industry has entered a new round of craze, and the shipments of related equipment have maintained a rapid growth trend since the beginning of this year. At present, my country's virtual reality industry has initially formed a full-industry chain ecological system. In the next step, from ministries and commissions to accelerate the cultivation of virtual reality advantageous industrial clusters. The Ministry of Industry and Information Technology will formulate the "Action Plan for the Integration of Virtual Reality and Industry Applications", tapping potential and innovative applications in key areas such as manufacturing, education and training, and cultivating advantageous industrial clusters with their own characteristics. Local governments are also planning an upgraded version to accelerate the gathering of policy guarantees, support, talent support, etc. into the virtual reality industry. (Economic Reference News)