#Laogao E-commerce Newsletter# [E-commerce Morning News on August 9]

      Morning news: ByteDance responded to the "restarting listing plan": This news is untrue; 6,000 Alibaba people issued a joint initiative: There are systemic loopholes in the company's organizational governance; Guizhou opened cross-border e-commerce B2B export business; Customs: China's imports and exports to countries along the "Belt and Road" increased by 25.5% year-on-year in the first seven months; China's Internet companies completed business revenue of 695.1 billion yuan increased by 25.6% year-on-year in the first half of the year...

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

E-commerce newsletter

1. ByteDance responded to "restart listing plan": This news is untrue

      On August 8, according to foreign media citing sources, ByteDance has restarted its listing plan and plans to list in Hong Kong in early 2022. Sources revealed that ByteDance may submit a final guide to listing in September and is expected to be listed as soon as possible in the fourth quarter of this year or early 2022. It is reported that ByteDance's valuation was US$180 billion in a round of financing in December last year. Since last year, the company has been rumored to be considering IPO plans for all or part of its business in the United States or Hong Kong. However, ByteDance denied the rumors of listing. (E-commerce News)

2. Tencent responded to Weishi's layoffs and stopped publishing: The report is not true

      According to August 8, some media reported that Tencent Weishi is carrying out large-scale personnel optimization, with the employee layoff ratio being close to 70%. In addition, due to the need to maintain a minimum operation, most of Weishi's external delivery has also stopped. In response, Tencent Platform and Content Business Group responded that the report was not true. The functions originally belonged to Tencent Video and Weishi were integrated simultaneously, and were jointly established as the Online Video Growth Operation Department, the Online Video Commercial Department and the Online Video Membership Business Department. This adjustment does not involve any personnel abolition. (E-commerce News)

3. 6,000 Alibaba people issued a joint initiative: There are systemic loopholes in corporate organization governance

      On August 9, Aliren helps Aliren releases the "Joint Initiative of 6,000 Alibaba people on the 807 Incident". During the initiative, Alibaba employees said that the truth about the sexual assault incident of female employee being led by the leader is still under investigation. I believe that the police will actively investigate and investigate, the company will promote the facts and implementation of the action, and the victims will also receive reasonable explanations and compensation. In this regard, Aliren help Aliren suggests that the parties should face up to the two demands mentioned by the parties on the intranet, give the parties a paid long leave, and give them sufficient psychological recovery time and support. Alibaba employees hope to use this incident to promote the establishment of a system of anti-sexual harassment and anti-sexual assault in the workplace by employees, especially female employees. (E-commerce News)

4. Alibaba Wang Shuai: I don’t know what to say now, Alibaba is not like this

      It is understood that Alibaba CEO Zhang Yong posted a post on the intranet early this morning, expressing his feelings about an Alibaba employee's suspected offense against a female colleague in the early morning of this morning. Zhang Yong said that he would investigate the whole process of this matter and the handling process as soon as possible within the company, and give an explanation to all Alibaba students and the whole society. In addition, Alibaba responded that whether it is indecent or sexual assault, it is a very serious criminal act and Alibaba will never tolerate it. (E-commerce News)

Cross-border newsletter

5. In the first half of the year, Linyi's "1210" model cross-border e-commerce list reached more than 96,000 copies

      According to the news on August 9, data from Linyi Customs and Linyi Comprehensive Bonded Zone showed that in the first half of this year, Linyi City's "live e-commerce sales + online shopping cross-border bonded customs clearance" model achieved more than 96,000 cross-border e-commerce lists, completing more than 65 million yuan in first-line cross-border e-commerce imports, and an average daily order of more than 1,600 orders. It is reported that since last year, some consumers' offline life and consumption demand has shifted to online, and cross-border e-commerce business has grown against the trend. (E-commerce News)

6. Guizhou opens cross-border e-commerce B2B export business

      On August 9, recently, as the luggage goods with a total value of about US$32,928 in Guizhou Xing Silk Road Import and Export Co., Ltd. completed its independent declaration through the cross-border e-commerce customs clearance platform of the General Administration of Customs, it was issued from the Guiyang Comprehensive Bonded Zone and shipped to Australia by sea, marking the opening of cross-border e-commerce enterprise-to-company export business in Guizhou. Cross-border e-commerce enterprise-to-business export business is suitable for domestic enterprises to reach transactions with overseas enterprises through cross-border e-commerce platforms, and export goods directly to all parts of the world through cross-border logistics. In June 2020, the General Administration of Customs added this business. (E-commerce News)

7. Customs: my country's imports and exports to countries along the "Belt and Road" increased by 25.5% year-on-year in the first seven months

      During the same period, my country's imports and exports to major trading partners such as ASEAN, the EU and the United States increased. In the first seven months, ASEAN was my largest trading partner. The total trade value between me and ASEAN was 3.12 trillion yuan, an increase of 24.6%, accounting for 14.6% of my total foreign trade value. The United States is my third largest trading partner, with the total trade value of China-US at 2.62 trillion yuan, an increase of 28.9%, accounting for 12.3%. Among them, exports to the United States were 1.96 trillion yuan, an increase of 25.9%; imports from the United States were 661.61 billion yuan, an increase of 38.8%. (E-commerce News)

8. Dunhuang.com: Value-added tax will be collected according to the EU destination tax rate

      On August 8, Dunhuang.com issued an announcement stating that the EU Council will implement the new cross-border e-commerce value-added tax law from July 1, 2021, with the shipment value ≤150 euros, and the entry of the EU will require consumption tax. Starting from August 12, the IOSS code on the Dunhuang Network platform will be officially put into use. The platform will collect VAT on behalf of the EU destination country tax rate and declare it to the EU through the IOSS code. (E-commerce News)

Internet Information

9. Meituan affiliated company has obtained the patent authorization of "drug acquisition device"

      According to the news on August 8, Tianyan Check data shows that recently, Meituan's affiliated company Beijing Sankuai Online Technology Co., Ltd. was authorized to "drug acquisition device" patent, with the disclosure number CN202022218540.0, and the application time is September 30, 2020. The patent summary shows that the utility model relates to the field of automatic drug sale technology, and in particular to a drug-taking device. Both the drug collection process and the transfer process can be completed by the mobile mechanism to drive the drug collection device body, which effectively reduces the cost of the drug collection device and improves the sensitivity of the drug collection process of the unmanned drug sales machine (E-commerce News)

10. In the first half of the year, my country's Internet companies completed business revenue of 695.1 billion yuan increased by 25.6% year-on-year

      According to the Ministry of Industry and Information Technology, in the first half of the year, my country's Internet and related service companies above a certain scale completed business revenue of 695.1 billion yuan, a year-on-year increase of 25.6%, and the growth rate rebounded by 1.2 percentage points from January to May, with an average growth rate of 19.7% in two years. Internet companies above the designated size achieved operating profit of 65.86 billion yuan, a year-on-year increase of 27.4%, an increase of 14.3 percentage points from January to May, and the average growth rate in the two years reached 14.4%. Among them, online sales platform companies have grown rapidly under the "6.18" promotional activities and multi-scene live streaming sales. (E-commerce News)