#Laogao E-commerce Newsletter# [E-commerce Evening News on July 16]

      Evening News: Taobao Live's first bonded warehouse live broadcast base in Hangzhou was launched; Enterprise WeChat update: Open the historical circle of friends' personal information page to display video numbers; Meituan Takeout announced the establishment of a service department; Pinduoduo's cross-border e-commerce business growth rate significantly increased by five times year-on-year; 2021 first half of decoration consumption behavior report: users who pay for "appearance" increased by 6%...

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

E-commerce newsletter

1. Ministry of Commerce: E-commerce platforms should formulate rules for reducing disposable plastic products.

      On July 16, the Ministry of Commerce publicly solicited opinions on the "Regulations on the Management of Use and Reporting of Disposable Plastic Products", and the deadline for feedback is August 15, 2021. E-commerce platforms should formulate platform rules for reducing and replacing disposable plastic products; they should actively carry out publicity and guidance, and inform the platform merchants in writing about the relevant regulations on the prohibition and restriction of the use of disposable plastic products such as non-degradable plastic bags. (Yibang Power)

2. News says Xiaohongshu will be suspended from listing in the United States

      According to July 16, it is reported that Chinese startup Xiaohongshu will suspend its listing in the United States. At the end of April this year, it was reported that Xiaohongshu plans to conduct an IPO in the United States around the middle of the year, raising about US$500 million to US$1 billion. Xiaohongshu was established in 2013 and is a lifestyle platform for young people. As of June 2020, Xiaohongshu's monthly active users have exceeded 100 million, of which more than 70% of them are born in the 1990s. Xiaohongshu has previously received multiple rounds of financing, including Alibaba, Tencent Holdings, Jinshajiang Venture Capital, etc. (E-commerce News)

3. Corporate WeChat update: Open the personal information page of the historical circle of friends to display video numbers

      On July 16, Enterprise WeChat officially released the update instructions for the new feature of the 3.1.10 version. This update features include that the customer's historical circle of friends can be seen on WeChat, the employee's personal information page can display the company's video number, the PC workbench of WeChat supports opening multiple applications at the same time, and the group name welcome speech and other information can be set up templates. (Yibang Power)

4. Taobao Live’s first bonded warehouse live broadcast base in Hangzhou

      July 16th news, recently, Taobao Live's first bonded warehouse live broadcast base in the Hangzhou Comprehensive Bonded Zone. The base was built by Taobao Live and Taobao Global Shopping and Haiku Bonded Warehouse, aiming to promote the expansion of the influence of cross-border bonded business. As Taobao's first cross-border bonded live broadcast base, Haiku Taobao Live Bonded Warehouse Base will integrate resources from bonded warehouses, platforms, merchants, anchors and other parties to provide live broadcast services such as live broadcast, training, marketing, and agency broadcasting for global brand merchants. It is reported that Taobao Live is expected to establish 300 live broadcast bases across the country this year, driving high-quality brands and good products from 100 industrial belts. (E-commerce News)

5. Meituan Takeaway announced the establishment of a service department

      On July 16, according to China Radio International, Meituan Takeaway announced the establishment of a rider service department on the occasion of the 4th 717 Knights' Day, and will provide caring measures that meet riders' needs in terms of safety, health protection, and welfare payment. According to reports, Meituan will fully launch the Rider Safety Center, launch 80 safety training courses for riders, and will also configure "Same Boat Protection 1㎡" for delivery stations across the country, and will be open to takeaway riders, express delivery workers, sanitation workers and other groups in the industry. In addition, Meituan Takeout has joined hands with more than 2,200 restaurants across the country to provide riders with long-term exclusive discount meals and free rider meals during festivals. (E-commerce News)

Internet news

6. Ele.me discloses patents related to offline access parts for smart cabinets to improve access parts efficiency

      On July 16, Tianyan Check information showed that Ele.me's affiliated company Lazas Network Technology Co., Ltd. today released an invention patent called "Offline access method and device for smart cabinets". The patent disclosure number is CN113128636A, and the application date is December 10, 2020. Patent summary shows that this application involves the field of information technology, which can ensure the smooth progress of smart cabinet access parts in offline state, without the need for maintenance personnel to operate manually, save time and labor costs, and thus improve the efficiency of user access parts. (Yibang Power)

7. Decoration consumption behavior report in the first half of 2021: 6% increase in users paying for "appearance"

      July 15th news, today, Forbes China released the 2021 Best CEO List, and Xiaomi Group Lei Jun topped the list. In addition, Hikvision Hu Yangzhong, BYD Wang Chuanfu, WuXi AppTec Li Ge, and Longi Green Energy Technology Co., Ltd. Li Zhenguo respectively ranked in the top five on the list. According to Forbes China, a total of 50 CEOs have been on the list this year, and their operating performance review period will start in 2018. The target inspection scope covers A-shares, Chinese-funded Hong Kong stocks listed on the Hong Kong Stock Exchange, and Chinese stocks listed overseas. In addition, the inspection period for the best CEO is the operating performance of his company for three consecutive years, rather than the company's performance in the capital market in the short term. It is reported that the average age of 50 CEOs on the list is nearly 54 years old, there are 5 female CEOs, and Dong Mingzhu of Gree Air Conditioner ranks 13th. (E-commerce News)

Cross-border newsletter

8. my country's cross-border e-commerce exports increased by 603.6 billion yuan in the first half of the year.

      According to preliminary statistics from customs, my country's cross-border e-commerce imports and exports continued to maintain a good development momentum in the first half of the year, with cross-border e-commerce imports and exports of 886.7 billion yuan, an increase of 28.6% year-on-year. Among them, exports were 603.6 billion yuan, an increase of 44.1%; imports were 283.1 billion yuan, an increase of 4.6%. (Yibang Power)

9. The growth rate of Pinduoduo's cross-border e-commerce business is significantly higher than that of five times year-on-year.

      On July 16, Pinduoduo recently announced that Duoduo International, which focuses on import commodity trading, has become a new growth point for Pinduoduo. Since its launch in 2019, Duoduo International's total sales have reached more than 73 million units, and the annual transaction volume has increased by 5 times year-on-year, covering goods in more than 50 countries and regions around the world. According to the person in charge of Duoduo International, during this year's Pinduoduo 618 event, 1,000 pieces of Lancome's small black bottles sold out instantly, and 300 bottles of 699 yuan and 30ml of Sea Blue Mystery Cream were sold in ten minutes. Relevant statistics show that in 2020, the scale of my country's cross-border e-commerce retail imports has exceeded 100 billion yuan. (E-commerce News)

10. Latin American e-commerce Submarino establishes a strategic partnership with Brazilian e-sports team LOUD

      July 16th news, Brazilian e-sports team LOUD recently announced a strategic partnership with Latin American e-commerce Submarino. According to reports, Submarino will provide Latin American buyers with LOUD's e-sports products and peripheral products recommended by professional players and leaders of LOUD. It is reported that Submarino is an online retail website in Brazil, mainly providing references to products and services in technology, entertainment, culture and innovation, and provides special offers and discount information. (E-commerce News)