#Laogao E-commerce Newsletter# [E-commerce Morning News on July 14]

Morning news: Tmall 618 Merchant Logistics Service Ranking: Xiaomi is currently ranked fifth in mobile phone category; Suning.com: Subsidiaries intend to participate in the investment in the Leading Onshore Fund; Kuaishou affiliated companies apply for the "Kuaishou Store" trademark; Amazon acquires Facebook's satellite Internet team; Heytea completes a new round of US$500 million financing and is currently valued at 60 billion yuan...

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

E-commerce newsletter

1. Tmall 618 merchant logistics service ranking: Xiaomi and other mobile phones currently have five

      According to July 13, Tmall recently announced the 618 merchant logistics service capabilities ranking list, involving 18 sub-industry such as beauty, personal care, home cleaning, home appliances, and mobile phones, including Xiaomi, Jiaonai, Ubras, Huaxizi, Haier and other brands on the list. The rankings show that in the mobile phone industry, Xiaomi official flagship store, Huawei official flagship store, OPPO official flagship store, realme official flagship store, and Honor official flagship store are ranked in the top 5 on the list. Previous information showed that this year, 618, Xiaomi's total payment amount on the entire platform exceeded 19 billion yuan, a year-on-year increase of 90%. (E-commerce News)

2. Suning.com: The subsidiary intends to participate in the investment in the Leading Onshore Fund

      On July 13, Suning.com announced that its wholly-owned subsidiary Jiangsu Suning Yida signed the "Shenzhen Venture Capital-Yantian Port Ling'an Port Infrastructure Phase I Private Equity Investment Fund Fund Contract" with Shenzhen Venture Capital Real Estate Fund Management (Shenzhen) Co., Ltd. on July 11. The total share of Shenzhen Venture Capital-Yantian Port Ling'an Port Infrastructure Phase I private equity investment fund will not exceed 3 billion yuan, and Jiangsu Suning Yida plans to subscribe to no more than 20% of the fund shares. (Titanium Media)

3. Chengdu supermarket chain Ito Yokado officially launched JD Home Delivery

      On July 14, recently, Chengdu supermarket chain Ito Yokado officially cooperated with JD.com, a platform under Dada Group. All of Ito Yokado's eight stores in Chengdu and Leshan City were launched on JD.com's home delivery. Both parties jointly provide instant consumption services for consumers in Sichuan with "cloud shopping supermarkets, 1-hour delivery". It is understood that as of now, JD.com has reached cooperation with 75 of the top 100 chain supermarkets, with more than 110,000 retail stores in the platform in all categories. The platform provides instant consumption services covering more than 1,500 counties, districts and cities. (E-commerce News)

4. Xiaomi App Store: Privacy, security and compliance inspection will be carried out on the shelf app

      According to July 13, Xiaomi issued a self-inspection notice today on "App illegal collection and use of personal information and other infringement of user rights and interests." The notice shows that Xiaomi App Store will carry out a special project of "self-examination of illegal collection and use of personal information and other issues that infringe on user rights and interests" to inspect privacy, security and compliance of apps. During the inspection, if it is found that the developer's app has problems infringing on user rights, it will fully assist the developer in optimizing and modifying. For developers who have overdue modifications or refuse to modify, measures including but not limited to problem notification, app removal, and account ban will be taken in accordance with the regulations. It is worth mentioning that the Ministry of Industry and Information Technology recently announced that 48 APPs infringe on user rights have been removed. (E-commerce News)

Cross-border newsletter

5. Google will acquire Japanese payment company Pring

      According to July 13, as demand for cashless services in Japan continues to grow, Alphabet's Google has agreed to acquire Japan-based payment company Pring. Pring's three major shareholders, Metaps, Miroku Jyoho Service and Japan Gas said Tuesday they will sell a total of 87% of their shares to Google. (Titanium Media)

6. Amazon acquires Facebook's satellite Internet team

      On July 14, a Facebook spokesperson confirmed on Tuesday that Amazon has acquired the company's satellite Internet team, which includes more than a dozen satellite Internet experts. The deal will strengthen Amazon's efforts to develop its satellite Internet business, and also declare Facebook's failure in this field. Amazon plans to invest $10 billion in developing low-Earth orbit satellites to provide high-speed broadband internet around the world. (E-commerce News)

7. General Administration of Customs: Support and regulate the healthy development of new trade formats such as cross-border e-commerce

      On July 14, Ni Yuefeng, Director of the General Administration of Customs, presided over the 41st regular meeting on situation analysis and work supervision of the General Administration. The meeting required that customs across the country should vigorously support the innovative development of foreign trade and serve the construction of a new development pattern. Deepen the connection with key countries along the "Belt and Road", AEO mutual recognition and cooperation, and the international networking of electronic certificates. Continue to optimize the business environment at ports, vigorously support the development of national strategic emerging industries in the free trade pilot zone, promote the exploration and implementation of the bonded model of the full industrial chain of high-end manufacturing, and support the healthy development of new trade formats such as cross-border e-commerce, market procurement, and comprehensive foreign trade services. (Yibang Power)

Internet Information

8. Kuaishou affiliated companies apply for the "Kuaishou Store" trademark

      On July 13, Kuaishou's affiliated company Beijing Dajia Internet Information Technology Co., Ltd. recently applied for registration of the "Kuaishou Xiaoshou" trademark, with an international classification of 09-Scientific Instruments, and the current trademark status is displayed as being applied. It is worth mentioning that the company has recently applied for trademarks such as "salty", "salty studio", "idle studio" and "daily studio". The international classification involves 42-website services, 45-social services, 35-advertising sales, etc., and the current trademark status is "registration application". (Yibang Power)

9. Alibaba Damo Academy and Youmeng+ launch the first intelligent push function in China

      July 13th news, recently, Alibaba Damo Academy Decision Intelligent Laboratory cooperated with Umeng+ to launch the first intelligent push function in China. Through online learning and optimization algorithms, it accurately matches the push population and push copy to maximize user clicks. This function mainly serves product operators, can provide multiple copy contents to choose from, and can push multiple copy contents in one click, without disturbing customers frequently, and helping product operators achieve refined operations with one-click access. (E-commerce News)

10. Heytea completes a new round of financing of US$500 million. Currently valuation of 60 billion yuan

      According to July 14, Heytea just completed a new round of US$500 million in financing last night, and all investors in this round of financing are old shareholders. Heytea's valuation reached an unprecedented 60 billion yuan in this round of financing, breaking the financing valuation record of China's new tea beverage. Previously, the media reported on June 24 that Heytea will complete this round of financing, with a grand lineup of investors including IDG Capital, He Boquan, Meituan Dragon Ball Capital, Sequoia China, Black Ant Capital, Tencent, Hillhouse, Coatue, etc. The media learned from market sources that new shareholders have entered this round of financing. (21st Century Business Herald)