#Laogao E-commerce Newsletter# [E-commerce Morning News on August 11]

      Morning News: Lei Jun: Xiaomi's next goal is to win the world's number one in three years; after Estee Lauder, international brand Henkel was fined for violating Chinese cosmetics regulations; Japanese foreign media surveyed: China has 13 categories of products that account for the world's largest market share; Amazon AWS has received a cloud computing contract value of US$10 billion from the National Security Agency; Fengchao launched the "relative and friends" function...

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

E-commerce newsletter

1. Pinduoduo officially launched the second "Duoduo Agricultural Research Science and Technology Competition"

      August 10th news, yesterday, Pinduoduo, together with China Agricultural University and Zhejiang University, announced that the second "Duoduo Agricultural Research Science and Technology Competition" was officially launched. Experts from many research institutions and agricultural enterprises such as China Agricultural University, Zhejiang University, the United Nations Food and Agricultural Organization will serve as judges and will provide guidance to the participating teams; the expert team from the Yunnan Academy of Agricultural Sciences will provide localized support for the competition. The total prize pool for this competition exceeds 1 million yuan, and will be used to support the winning team. (E-commerce News)

2. Alibaba's private equity firm "Hanyun Xinling" was frozen 800 million shares

      According to news on August 10, Qichacha information showed that recently, Alibaba Partnership Private Equity Company Hangzhou Hanyun Xinling Equity Investment Fund Partnership added a new equity freeze information, with the frozen equity amount of RMB 800 million. The person subject to execution was Xinhualian Holdings Co., Ltd., the frozen equity target enterprise was Hangzhou Hanyun Xinling Equity Investment Fund Partnership, and the execution court was Beijing No. 3 Intermediate People's Court, and the execution notice number was Jing03 Zhi456, and the freezing date was April 26, 2023. The equity penetration chart shows that Alibaba (China) Co., Ltd. is one of the partners of the company. (E-commerce News)

3. Fengchao launches the "relatives of relatives and friends" function

      On August 10, Fengchao announced today that it will launch the "relative and friends" function. There is no need to perform other operations between relatives and friends. Just complete the "one-click binding" authentication to share the express delivery information of both parties and automatically obtain the package pickup code of both parties. The binding of the "relative and friends" function is not a forced operation. Both parties being bound can unilaterally unbind the binding relationship. (E-commerce News)

4. Lei Jun: Xiaomi’s next goal is to win the world’s number one in 3 years    

      According to August 10, tonight, at Lei Jun’s annual speech and Xiaomi’s new product launch conference, Lei Jun said that Xiaomi’s next goal is to win the world’s first place in three years. He also said that Xiaomi still needs to work hard and its current task is to truly stand firm in the second place in the world. It is understood that IDC recently released the global smartphone market share ranking in 2021Q2: Xiaomi mobile phone sales surpassed Apple and rose to second place in the world for the first time. Xiaomi shipped 53.1 million mobile phones in Q2, an increase of 86.6% year-on-year, and the global smartphone market share reached 16.9%. (E-commerce News)

Cross-border newsletter

5. Amazon AWS's cloud computing contract value may reach US$10 billion

      According to Nextgov, the NSA handed over a cloud computing contract to Amazon AWS, which could be worth up to $10 billion. But Amazon is not completely sure that it will eventually get the order. Microsoft submitted documents to the Government Accountability Agency on July 21, hoping to compete for orders; just two weeks ago, the National Security Agency told Microsoft that it had selected AWS. In response to the protests submitted by Microsoft, the Government Accountability Bureau will make a decision before October 29. It is reported that AWS is Amazon's most profitable department, and industry analysts generally believe it is the leader in the cloud computing field, and AWS is also the most important cloud computing provider of the US government. (E-commerce News)

6. Amazon wants to prevent New York State from investigating the company's epidemic prevention procedures were rejected by federal judges

      According to reports on August 11, Amazon previously filed a lawsuit, believing that the New York State prosecutor's department has no right to investigate the company's local logistics center's epidemic prevention procedures. This week, a U.S. federal judge dismissed Amazon's lawsuit. The previous lawsuit has been heard in Manhattan State Court. Amazon filed a lawsuit against James in February, trying to block New York's state's lawsuit against the company. The New York State lawsuit argues that Amazon has failed to take appropriate measures to protect local employees from the virus. At present, Amazon has not responded to this. (E-commerce News)

7. After obtaining Alibaba investment, Türkiye's e-commerce company Trendyol reached a financing agreement of US$1.5 billion

      On August 10, Turkish e-commerce company Trendyol recently announced that it had reached an agreement to raise $1.5 billion, with investors valuing the company at $16.5 billion. Trendyol's investors in this round include General Atlantic, SoftBank Vision Fund, Princeville Capital, sovereign wealth funds, ADQ, and Qatar Investment. Demet Suzan Mutlu, founder of Trendyol, said the proceeds from the financing will support Trendyol's development in Türkiye and international markets. It is worth mentioning that in August 2018, Alibaba acquired a majority stake in Trendyol, and at that time it valued Trendyol at least US$750 million. In March this year, Alibaba invested $350 million in Trendyol, which was valued at $9.4 billion. (E-commerce News)

8. Japanese foreign media survey: China has 13 categories of products accounting for the world's largest market share

      On August 11, the Nikkei News "Survey on Major Products and Services Shares" survey showed that Chinese companies account for more than 30% of the market share include 15 categories such as smart speakers, smartphones, surveillance cameras, computers, home air conditioners, and washing machines, among which 13 categories are occupied by Chinese companies. In the field of solar panels, Longi Green Energy Technology Co., Ltd. has the largest market share in 2020. In the field of large and medium-sized trucks, China No. 1 Automobile Group ranks first. BOE Technology Group occupies the first place in the fields of small and medium-sized LCD panels and large LCD panels used in information technology products. In the field of automotive batteries, which is the core product of electric vehicles, CATL New Energy Technology Company still stands proudly at the top of the list in the fierce offensive of South Korea's LG Chemical Company. In the field of insulators for lithium batteries, Shanghai Enjie New Materials Technology Co., Ltd. occupies 22.3% of the market share, ranking first. (Yibang Power News)

Internet Information

9. Meituan Taxi has been removed from the shelves in Gaochun District, Nanjing and other areas due to failure to meet the epidemic prevention requirements.

      On August 11, according to the "Nanjing Transportation" of Nanjing Radio and Television Group, Meituan Taxi recently removed the taxi service from Gaochun District and other areas of Nanjing because it did not meet the epidemic prevention requirements of relevant departments. According to reports, many citizens living in Gaochun District, Nanjing recently reported that the Meituan taxi platform that could be used normally has recently shown that taxi services cannot be provided in this area. Meituan Taxi customer service staff said that the taxi business of Meituan APP has been affected by the epidemic recently. Whether it is a medium- and high-risk area or not, it is impossible to get a taxi in many areas in Nanjing. A relevant person in charge of the Gaochun District Transportation Bureau said that in order to prevent the epidemic from spreading through transportation, all taxis and online car-hailing vehicles must be disinfected on their own or at designated locations. Meituan Taxi has no disinfection points in Gaochun District and cannot operate according to epidemic prevention requirements. (E-commerce News)

10. After Estee Lauder, international brand Henkel was fined for violating Chinese cosmetics regulations

      August 11th news, recently, according to the website information of the Shanghai Market Supervision and Administration Bureau, from July 2019 to April 2020, six batches of Schwarzko hair dye products commissioned by Henkel to produce Jiangsu Meiais Cosmetics Co., Ltd. were found to be inconsistent with the raw materials shown in the package. Henkel Co., Ltd. was confiscated with illegal income of 110,600 yuan and imposed a three-fold fine of 331,800 yuan for "producing special-purpose cosmetics without obtaining approval numbers." This is another international giant who took the ticket for not following the "rules" after Estee Lauder and Sephora were fined (Yipang Power News)