Morning News: Tmall announced the list of star-rated ecological partners in 2021; Xiaohongshu’s internal testing of the “experts” function; Suning.com: plans to terminate the implementation of repurchase of company shares; Amazon’s Q2 revenue of US$113.08 billion net profit of US$7.778 billion increased by 48% year-on-year; cross-border e-commerce ERP Keyouyun received tens of millions of angel round financing...

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E-commerce newsletter
1. Tmall announced the list of star-rated ecological partners in 2021
July 29th news, today, at the Tmall Ecological Partner Conference, Tmall announced the "2021 Tmall Star Service Provider Six-Star Five-Star Service Provider" and the "2021 Digital Pioneer Case Award and Digital Pioneer Case Partner Award". It is understood that for the first time, this selection included consumer operation indicators into the evaluation system, and evaluated the service value of all Taobao ecosystem partners more comprehensively and in-depth. At the meeting, An Tang, head of the Consumer Strategy Center and Ecological Operation Center of Tmall Business Group, said that Tmall is a platform that can carry all-region consumer operations and full-cycle commodity operations. (E-commerce News)
2. Xiaohongshu’s internal testing of “Experts” function
According to July 30, Xiaohongshu is currently testing an event called "Good Taste Official Selection Competition". Experts can add "My Small List" to their notes and attach a purchase link. After users place an order, they can get a share. Xiaohongshu did not comment on this. (Yibang Power)
3. TikTok Live August mission changes again. The guild may be in spring.
According to reports on July 30, it is understood that the operation team of Douyin Douyin Guild issued a notice to the guild that it will upgrade the guild tasks and is scheduled to be officially launched in August. Among them, in August, the guild tasks will comprehensively adjust the existing "baseline tasks", "active tasks", and "short video tasks" and change them to "basic tasks" and "advanced tasks".
Among them, the basic tasks are assessed for the effective days of live broadcast, the effective duration of live broadcast, the contribution day, and the amount of basic submissions; advanced tasks include "advanced active tasks" and "advanced short video tasks", which can be personalized by the guild for anchors in the guild. (Yibang Power)
4. Suning.com: It plans to terminate the implementation of the repurchase of company shares
On July 29, Suning.com issued an announcement on the termination of the repurchase of shares of the company. The announcement shows that Suning.com held the 17th meeting of the seventh board of directors and reviewed and passed the "Proposal on Terminating the Repurchase of Company Shares". Suning.com said that since this year, Suning.com has encountered phased challenges and difficulties. In order to ensure the company's stable operation and achieve healthy development, Suning.com has given priority to investing funds in the company's daily operations in light of capital needs, and plans to terminate the implementation of this share repurchase. (E-commerce News)
Cross-border newsletter
5. Amazon's Q2 revenue was US$113.08 billion and net profit was US$7.778 billion, up 48% year-on-year.
According to July 30, Amazon released its second quarter financial report for fiscal year 2021 today. Amazon's second quarter revenue was US$113.08 billion, an increase of 27% compared with US$88.912 billion in the same period last year, and the market expects to be US$115.06 billion. Adjusted net profit was US$7.778 billion, a year-on-year increase of 48%, and market expectations were US$8.574 billion. (Yibang Power)
6. US second-hand fashion e-commerce company ThredUp acquires Remix
On July 30, the second-hand fashion e-commerce company ThredUp announced the acquisition of Remix, the leading second-hand fashion resale company in Europe. Through this acquisition, ThredUP adds complementary operational infrastructure and an experienced management team to further accelerate its expansion in the European market. ThredUP is a consignment thrift store where people can buy and sell high-quality second-hand clothes, resell women's and children's clothing, shoes and accessories online. It is understood that the acquisition is expected to be completed in the fourth quarter of 2021, with a purchase price of approximately US$28.5 million. (Yibang Power)
7. Cross-border e-commerce ERP Keyouyun receives tens of millions of angel round financing
On July 30, cross-border e-commerce ERP service provider "Keyouyun" completed an angel round of financing of tens of millions of yuan. This round of financing was exclusively invested by the first A-share e-commerce SaaS stock "Guangyun Technology", and Zhishi Capital serves as a long-term financial advisor. The funds raised in this round will focus on SaaS product layout, service system upgrade and high-end talent introduction. (Yibang Power)
8. Japanese buy first and pay later company Paidy announced the launch of a shopping app
July 29th news, recently, Japanese buy-in and pay-after-pay company Paidy announced the launch of a shopping app, which allows consumers to choose Paidy as their payment method among all shopping platforms that accept Visa payments, and can choose Paidy's Single-Pay or 3-Pay service to pay. According to reports, the redesigned APP has the "Shopping and Discovery" function, which makes it easier for users to browse stores and search for products. Users can also choose the shopping categories they are interested in to get special recommendations. (E-commerce News)
Internet Information
9. Alipay launches "Future Hospital 3.0" to provide digital medical treatment solutions
On July 29, at the China Hospital Network Conference, Alipay released a new upgrade of the "Future Hospital 3.0" digital solution to join hands with ecological service providers in the medical field. Based on the Alipay mini program, it combines seven major capabilities such as medical insurance mobile payment, credit medical treatment, and scalper prevention to help users achieve "one-stop" digital medical treatment. During the testing phase, the medical treatment efficiency was improved by 60%. At present, the plan has been fully opened and launched on the Alipay open platform. Zhengzhou People's Hospital is the first batch of pilot hospitals for Alipay's "Future Hospital 3.0". (E-commerce News)
10. Twitter internal test "Online Store" function module
On July 30, foreign social media platform Twitter announced that it will begin testing a new functional module called "Shop Module", which can help brands, businesses and other retailers show products directly on corporate resumes to Twitter users; at the same time, users can swipe between products and make seamless purchases through in-app browsers.
However, Twitter said that the feature is still in the beta stage and is only suitable for iOS users. At the moment, only several brands in the United States will be the first to try this feature. It is understood that the feature is currently completely free. (Yibang Power)
