#Laogao E-commerce Newsletter# [E-commerce Evening News on July 21]

      Morning Information: General Office of the State Council: Research and formulate platform transaction rules and live e-commerce standards; release free cancellation plans for Zhengzhou rainstorm Qunar, Tuniu, Muniao B&B, etc.; Bezos said that Amazon employees and customers helped him realize his dream of space.

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

E-commerce newsletter

1. Free cancellation plans are issued for Zhengzhou rainfall Qunar, Tuniu, Muniao B&B, etc.

      On July 21, in response to the impact of heavy rain in Zhengzhou, Qunar, Tujia, Tuniu, Muniao B&B and other websites have issued free cancellation plans. For Tuniu Travel Network, if guests who have booked tourism products to Zhengzhou (one place) from now until July 22 (inclusive), if the itinerary is affected due to rain, Tuniu will provide free refunds and cancellations, and all losses will be borne by Tuniu. Muniao B&B said that on July 20, Zhengzhou encountered extremely rare heavy rainfall. Any tenant who placed an order through the Muniao B&B platform before the 20th and check-in dates on July 20 and July 21st can contact customer service to apply for cancellation without responsibility if the itinerary is affected by heavy rain. (E-commerce News)

2. The 40 most profitable companies in the Fortune China's top 500 in 2021: Alibaba is on the list

      On July 20, Fortune Plus App released the 2021 Fortune China Top 500 ranking, considering the performance and achievements of the world's largest listed Chinese companies in the past year. In terms of profitability, the same situation as last year, the 10 most profitable companies on the list are Alibaba Group Holdings Co., Ltd., China Mobile Co., Ltd. and Tencent Holdings Co., Ltd. in addition to several major commercial banks and insurance companies. The total profit of these ten companies last year was about 1.74 trillion yuan, exceeding 40% of the total profits of all companies on the list. (E-commerce News)

3. Fortune released the 2021 China Top 500 Shell Nongfu Spring on the list for the first time

      On July 21, Fortune Plus APP released the 2021 Fortune China Top 500 rankings, considering the performance and achievements of the world's largest listed Chinese companies in the past year. This year, there are 31 new and re-listed companies, among which Beike is on the list for the first time and ranks 164th with a total revenue of 70.48 billion yuan. Nongfu Spring also made the list for the first time and ranked 421st with revenue of about 22.88 billion yuan. (Yibang Power)

4. General Office of the State Council: Research and formulate platform transaction rules and live e-commerce standards

      July 21st news, on July 20th, the General Office of the State Council issued the "National Deepening of the "Decentralization, Decontrol and Service" Reform and Focusing on Cultivating and Stimulating the Vitality of Market Subjects." The "Plan" mentioned that the "Interim Measures for the Management of Internet Advertising" will be revised to further increase the punishment for illegal Internet advertising. Research and formulate platform transaction rules, live e-commerce standards, etc. to promote the standardized and healthy development of e-commerce. (Yibang Power)

Internet news

5. Xie Jinsheng, two core executives of JD Technology, resigned

      On July 21, two core executives of JD Technology (formerly JD Digital) have resigned recently, namely Xie Jinsheng and Cheng Jianbo, former vice presidents of JD Digital. They are both veteran members of JD Finance. So far, all veteran members of JD Finance have left. Xie Jinsheng has finished his resignation process, but his new location is still unknown. Cheng Jianbo will serve as Park Dao Credit Report, and his qualifications are still subject to regulatory approval. (interface)

6. Haidilao responds to online rumors: The store has reported the case to the police and are investigating according to law

      According to July 20, recently, there were rumors that a murder case occurred in a store in Haidilao in Shanghai, which was related to the case solved by the police on July 15. In response, Haidilao responded, "The case has nothing to do with our company. We have paid attention to relevant rumors on the Internet and have asked those who spread rumors to delete the relevant false remarks as soon as possible. Our company will pursue legal responsibility for malicious rumormongers in accordance with the law. The store has reported the case to the police station in the jurisdiction on July 18, and the police are investigating them in accordance with the law." (The Paper)

Cross-border newsletter

7. Bezos says Amazon employees and customers help him realize his dream of space

      "To be honest, all Amazon customers, all Amazon employees, I thank you from the bottom of my heart." But for many employees who heard Bezos' remarks, this feeling is not mutual. According to media interviews, many Amazon employees are not very interested in the launch, and they think almost anything is more valuable than spending on it, such as giving employees a raise. Amazon and Blue Origin have not commented on this yet. (E-commerce News)

8. Stellantis has hired Amazon Automotive Executive Ned Curic as CTO

      According to foreign media reports, Stellantis has hired Amazon's automotive business executive Ned Curic as its chief technology officer. Curic is currently the vice president of Amazon Alexa Automotive. He will join Stellantis on August 30 and report to CEO Tang Weishi. Stellantis said Curic will manage all of the automaker's information technology resources. In January this year, FCA and PSA merged to form the Stellantis Group. Curic joined Alexa in 2017 to build Amazon's automotive business. (E-commerce News)

9. Bezos says Blue Origin has sold nearly $100 million in "ship tickets"

      Last month, Blue Origin disclosed that the company auctioned the first batch of tickets to board the New Shepard manned spacecraft with Bezos, with a ticket price of up to $28 million. It is reported that Virgin Galactic, which completed its founder's space flight last week, sold 600 "ship tickets" for $200,000 to $250,000. Bezos also said Tuesday that Blue Origin will perform two more manned flight missions this year, but is not sure how many manned flights the company plans to have next year. Bezos said the company hopes to launch manned spacecraft at "very high" speeds in the future. (E-commerce News)

10. Hainan Free Trade Port will debut the first negative list of cross-border service trade.

      On July 21, the Hainan Free Trade Port cross-border service trade negative list is expected to be released in the third quarter, which will be the first negative list for cross-border service trade in China. Wang Shouwen, Vice Minister of Commerce and Deputy Representative for International Trade Negotiation, previously stated that the drafting of the negative list for cross-border service trade in Hainan Free Trade Port has been completed and the corresponding procedures are being implemented. Industry insiders said that the negative list of cross-border service trade is another important opening-up measure after the negative list of foreign investment access, and will open up greater growth space for my country's trillion-level service trade market. (China Securities News)