#Laogao E-commerce Newsletter# [E-commerce Morning News on July 28]

      Morning news: Zhengzhou citizens can get free buses from today to the end of August; the WHO recommends strengthening supervision of e-cigarettes to prevent community smoking from normalizing again; Douyin enterprise account official mentioned the concept of "Tiktok private domain" for the first time; South Korean e-commerce Coupang will modify unfair terms to sellers.

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

E-commerce newsletter

1. Alibaba Zhang Yong's letter to shareholders: The annual active consumers exceeded 1 billion in fiscal 2021

      On July 28, Alibaba Group released its annual report for the 2021 fiscal year, and Zhang Yong, Chairman and CEO of the Board of Directors, issued a letter to shareholders. In the letter, Zhang Yong proposed that Alibaba hopes to become a company that combines consumer Internet and industrial Internet better, which is a very important positioning and direction for Alibaba to move towards the future. As Alibaba's second future-oriented growth curve, Alibaba Cloud Computing's sales exceeded 60 billion yuan in the last fiscal year, a year-on-year increase of 50%, continuing to maintain its leading position in the industry. (E-commerce News)

2. The Douyin Enterprise Account officially mentioned the concept of "Tiktok Private Domain" for the first time

      On July 27, recently, Douyin Enterprise Account released the concept of "Tiktok Private Domain" for the first time and officially released the solution for Douyin Private Domain - Douyin Enterprise Account 2.0. According to the "2021 Douyin Private Domain Operation White Paper", as of July 2021, the total number of Douyin enterprise accounts reached 8 million. At the 2021 Douyin enterprise account product launch conference, Douyin enterprise accounts announced the launch of a number of incentive policies such as 10 billion traffic support and equity upgrades, and recruited 8,000 service provider partners. (E-commerce News)

3. Hello Travel Apply to Withdraw the U.S. Listing Plan

      On July 28, according to Bloomberg, the shared bicycle company Hello Travel applied to withdraw its plan to go public in the United States. In April this year, Hello Travel submitted its prospectus, planning to list on the Nasdaq in the United States, and plans to raise up to $100 million through its initial public offering. (E-commerce News)

4. Zhengzhou citizens can take free buses from today to the end of August.

      On July 28, in order to help Zhengzhou resume work and production, encourage citizens to take public transportation, reduce private cars and reduce urban vehicle congestion, the Zhengzhou Municipal Government decided that from July 28 to August 28, all passengers will take Zhengzhou buses for free. (Yibang Power News)

Cross-border newsletter

5. Shopee announces 2021 consumption insights: The portraits of five major users reflect the trend of online shopping in Southeast Asia

      Recently, the cross-border e-commerce platform Shopee announced its new consumer insights in Southeast Asia in 2021. After surveying nearly 40,000 consumers in multiple markets such as Singapore, the Philippines, Vietnam, and Thailand, Shopee found that Southeast Asia's online shopping preferences can be divided into five major online shopping consumer types: careful budgeting, shopping while shopping, pursuit of convenience, bounty hunters, and brand loyal fans. (E-commerce News)

6. Ozon will launch RFBS express delivery sellers can ship their own goods within 3 hours

      According to AMZ123, Russian e-commerce giant Ozon will launch an RFBS express pilot. Ozon said that after the buyer places an order, Ozon sellers will be able to ship the goods themselves to the buyer within 3 hours. It is understood that after Ozon first announced that it would launch RFBS express delivery in March this year, more than 5,000 Ozon sellers have expressed interest in this. Now, there are more than 20,000 Ozon sellers. (E-commerce News)

7. Korean e-commerce Coupang will modify unfair terms for sellers

      July 27th news, according to the North Korean Ilbo, the South Korean Fair Trade Commission recently announced that it had decided to correct unfair terms signed by Coupang with consumers, online sellers and suppliers. Coupang will complete the system improvement work under the prescribed terms and apply the new terms from September. The KFTC believes that these contents are "improper clauses that are unfavorable to customers" in the treaty law, and Coupang is currently under review by the KFTC. (E-commerce News)

8. Apple: revenue in the third quarter of fiscal year 2021 USD 81.4 billion increased by 36% year-on-year

      According to reports on July 28, Apple's revenue in the third quarter of fiscal year 2021 was US$81.4 billion, a year-on-year increase of 36%, and the market expected US$73.815 billion; net profit in the third quarter was US$21.744 billion, compared with US$11.253 billion in the same period last year, and the market expected US$16.925 billion. The company's iPhone revenue in the third quarter was US$39.57 billion, an increase of nearly 50% year-on-year. Cook said Apple's Mac and iPad sales were limited due to chip shortages, but the impact of the shortage on Apple's overall revenue is "less than the lower end of the previously predicted range." (Yibang Power)

Internet Information

9. Alibaba submits annual report to SEC: SoftBank’s largest shareholder holds 24.8% of the shares

      On July 28, Alibaba submitted its 2020 FORM 20-F annual report to the US Securities and Exchange Commission. The document shows that SoftBank is still Alibaba's largest shareholder, holding 24.8% of the shares. All Alibaba directors and executives hold 497,457,680 common shares of Alibaba, accounting for 2.3%. Among them, Alibaba Vice Chairman Cai Chongxin owns 306,883,064 common shares of Alibaba, accounting for 1.4% of the shares. In contrast, Alibaba's 2019 annual report shows that Jack Ma owns 1,043,831,112 common shares, accounting for 4.8%. (E-commerce News)

10. WHO recommends strengthening regulation of e-cigarettes to prevent community smoking from re-normalizing

      July 28th news, on the 27th local time, the World Health Organization released the "2021 WHO Global Tobacco Epidemic Report". The report affirms the continuous progress globally in tobacco control, while highlighting the need to deal with the threat of new tobacco products such as e-cigarettes. This WHO report presents new data on "electronic nicotine delivery systems" such as e-cigarettes. WHO recommends that governments implement regulations to prevent non-smokers from starting using these products and prevent community smoking from re-normalizing.