#Laogao E-commerce Newsletter# [E-commerce Morning News on July 20]

      Morning News: Alibaba will release its first quarter financial report for fiscal year 2022 on August 3; news said that Swan Home suspended its IPO plan in the United States; Amazon will stop conducting on-site testing for the new coronavirus in its U.S. warehouses; eBay will open its first sneaker certification center in Australia; Taote will launch its "Competition a little more fresh" plan

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

E-commerce newsletter

1. Alibaba will release its first quarter financial report for fiscal year 2022 on August 3

      After the financial report is released, Alibaba's management team will hold an earnings conference call at 7:30 a.m. Eastern Time on August 3. On May 13 this year, Alibaba Group released its Q4 financial report for fiscal year 2021. Financial report data shows that in the fourth quarter, Alibaba Group's revenue reached 187.395 billion yuan, a year-on-year increase of 40%. In fiscal year 2021, the global annual active consumers of Alibaba's ecosystem exceeded 1 billion, and the commodity transaction volume of Alibaba's ecosystem reached 8.119 trillion yuan, an increase of 1.066 trillion yuan from the previous year. It mainly includes the GMV of China's retail market of 7.494 trillion yuan, as well as the GMV of cross-border and global retail markets and local life services. (E-commerce News)

2. News says Swan's IPO plan to go to the United States is suspended

      July 19th news, according to reports, people familiar with the matter said today that Chinese family service platform "Swan Home" has suspended its IPO plan to go to the United States. Swan Home has publicly submitted its IPO application earlier this month, but will not start its listing soon, the person familiar with the matter said. The person familiar with the matter also said that Swan Home initially hopes to raise up to $500 million through the IPO. It is reported that Swan Home was founded in 2014 and is a family service platform that provides platforms ranging from flower delivery and house repairs to home cleaning and nanny. Its investors include 58.com, Alibaba, Ping An Venture Capital and KKR. (E-commerce News)

3. GF Securities: Give JD Health an initial buy rating, with a target price of HK$149.68

      According to July 20, GF Securities: Give JD Health an initial rating to buy, with a target price of HK$149.68. Yesterday, the Hong Kong stock market closed, JD Health closed at HK$103.10, with a total market value of HK$328.308 billion. (E-commerce News)

4. Taote will launch the "Competition a little more fresh" plan

      On July 19, Taote announced that it will launch the "Competition a little more fresh" plan starting next month, and strictly select quality seasonal fruits from more than 100 fruits in the country to supply them directly. It is reported that Taote has opened up Alibaba's digital agricultural system and will directly connect to 10,000 direct agricultural product procurement bases across the country. With the help of more than 1,000 county central warehouses and more than 30,000 townships nationwide, it has solved the problem of efficient circulation of fresh fruits from fields to factories and from factories to dining tables. Data shows that Taote's annual active users, which have been established for only more than a year, have exceeded 150 million. (E-commerce News)

Cross-border newsletter

5. Amazon will stop conducting on-site testing of new coronavirus in its U.S. warehouses

      According to reports on July 20, Amazon has reportedly notified employees that it will stop conducting on-site testing for the new coronavirus in its U.S. warehouses. The company confirmed to the media that they will start reducing their testing scope in the United States by July 30. Amazon informed employees on Monday about plans to stop testing for the virus. The company also said Amazon will restart its employee virus testing program if guidance changes from local or U.S. public health officials. (E-commerce News)

6. Bezos says he and other billionaires are not just a game for rich people

      When asked by the host how he would respond to the claim that he and other billionaires were just “rich people who travel to space by car”, Bezos said he went to space to help build "infrastructure" for future generations. (E-commerce News)

7. Uber expands grocery delivery services in the United States to cover more than 400 towns this week

      On July 20, Uber is expanding grocery delivery services in the United States, and the number of serving areas will double this week, covering more than 400 towns. At present, Uber grocery delivery service has covered some major cities, including San Francisco, New York, and Washington DC. Previously, Uber reached a cooperation with Albertsons Companies, which has more than 1,200 grocery stores in the United States. In addition, Uber also provides services through regional chains, such as Southeastern Grocers and Red Apple Group in New York. If you are a paid subscriber for Uber Pass or Eats Pass, you will not charge a grocery delivery fee for orders of more than $30. It is reported that in the past few years, Uber has acquired several delivery startups, such as Cornershop, Postmates and Drizly. (E-commerce News)

8. eBay opens its first sports shoe certification center in Australia

      On July 19, eBay announced the opening of its first sneaker certification center in Australia and cooperated with the local Sneaker Con certification agency to ensure that all sneakers consumers receive are authentic. Any Nike, Adidas, New Balance, Converse or Vans sneakers that sell for more than $150 on eBay will be eligible for the authentic guarantee program. eBay said its authenticity guarantee will be expanded to luxury sneakers, including brands such as Gucci, Chanel and Louis Vuitton. At present, eBay's genuine sneaker plan has been officially opened to Australian sellers, and nearly 80,000 sports shoe products have been launched. (E-commerce News)

Internet Information

9. China's top ten quality blacklists are released. Qijia.com, IKEA and other products are on the list.

      On July 19, the 2021 Fifth China Home Brand Conference released the "2020-2021 Top Ten Quality Black List of China Homes", with Qijia.com, IKEA IKEA, Hansgrohe, De Aiwei, Master Hua, Genji Wood, Runhong Furniture, VOC Smart Lock, Hangao Hardware, and Sanxiong Aurora on the list. Among them, some brands have been found to be unqualified many times in a row. (E-commerce News)

10. All-China Federation of Trade Unions: Online ride-hailing drivers, couriers, etc. should negotiate with enterprises on commission ratios, etc.

      On July 20, the All-China Federation of Trade Unions recently issued the "Opinions of the All-China Federation of Trade Unions on Effectively Protecting the Labor and Social Security Rights and Interests of Workers in New Employment Forms", which clearly proposed to effectively safeguard the Labor and Social Security Rights and Interests of Workers in New Employment Forms such as online ride-hailing drivers. The "Opinions" require that trade unions at all levels should focus on solving the urgent and difficult problems that workers in new employment forms are most concerned about, most direct and realistic, and promote the establishment and improvement of a mechanism for protecting the rights and interests of workers in new employment forms. Actively negotiate with industry associations, leading enterprises or enterprise representative organizations on the industry piece-based unit price, commission ratio, labor quota, labor protection, reward and punishment system, etc. (E-commerce News)