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

      Evening News: Shopee Brazil Station announced the launch of an alliance plan commission of up to 14%; Alipay updated NFT-related terms and strictly prohibited speculation of NFT digital works; SF Express affiliated company Beijing SF Express increased its registered capital to 100 million to 100 million increase by 400%; Xianyu fully connected to Turing appraisal AI full appraisal service; Toutiao and Douyin launched the "Travel Epidemic Prevention Policy Inquiry" mini program...

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

E-commerce newsletter

1. The new liquor retail e-commerce platform received an investment of 200 million yuan from Sunac's company in 1919.

      On August 11, Toutiao issued a statement saying that the new crown epidemic has rebounded in some cities in my country recently. In order to meet users' needs to obtain epidemic prevention and control measures in different regions before traveling, Toutiao, Douyin, and Xiaohe APP jointly launched the "Travel Epidemic Prevention Policy Inquiry" mini program. Users open the Toutiao APP and click on the "Anti-epidemic" tab to see the mini program entrance. Enter the departure and destination to query relevant information, including entry and exit regulations, nucleic acid testing, isolation policies, etc. At present, the mini program has covered more than 360 cities across the country. (E-commerce News)

2. JD affiliated companies apply for multiple "Jingxi Milk Station" related trademarks

      According to news on August 11, Qichacha information shows that recently, Beijing JD Sanbai Lushidu E-commerce Co., Ltd. has added a number of new trademark application information related to "Jingxi Milk Station". The international classification involves feed seeds, advertising and sales, food, transportation and storage, design research, catering and accommodation, etc. The current trademark status is "registration application". (E-commerce News)

3. Xianyu fully connects to Turing identification AI full identification service

      On August 11, recently, Xianyu APP has officially connected to the appraisal service of Turing Appraisal (Bao Xiaojian) of the AI ​​full appraisal platform. Users only need to click the "Professional Appraisal" button in the "Xianyu Chaoshe" community on the "Recommended" page card within the Xianyu APP to enjoy the full AI appraisal service provided by Turing Appraisal. Public information shows that Turing Appraisal is a company in the field of artificial intelligence jointly incubated by Tsinghua University and the Nanjing Municipal Government. It is committed to solving the industry problem that it is difficult to standardize non-standard products in all categories. Since its launch, the cumulative appraisal volume of Turing appraisal has reached 2.1 million times, and has provided AI appraisal services to more than 2,000 merchants. (E-commerce News)

4. Zhejiang regulates express delivery services to manage price violations

      According to August 11, recently, the Zhejiang Provincial Postal Administration and the Provincial Market Supervision Bureau decided to jointly rectify express service behaviors across the province. Specifically, it includes: placing express parcels at stations, smart express boxes, township outlets or other collection points without the consent of the recipient, and not delivering them according to the agreed name address; forcibly charging additional delivery fees, transportation fees, storage fees, etc. to the recipient on the grounds that it exceeds the delivery scope or has difficulty in operation; delays, false signing and other behaviors that reduce express service standards. It is reported that if the express delivery company fails to make other agreements with the sender or recipient for the above three types of issues, the postal administration department will impose administrative penalties in accordance with the law. (E-commerce News)

Internet news

5. The registered capital of Beijing SF Express, a subsidiary company, increased to 100 million, increased by 400%

      According to news on August 11, Tianyan Check information showed that on August 10, Beijing SF Express Co., Ltd., an affiliated company, experienced industrial and commercial changes, with registered capital increasing from 20 million to 100 million, an increase of 400%. At the same time, the legal representative was changed from Zou Fuli to Xu Bensong. Beijing SF Express Co., Ltd. was established in May 2004. Its business scope includes ordinary cargo transportation; domestic and international express delivery; ticketing agency; warehousing services, etc. Shareholder information shows that the company is wholly owned by SF Express Co., Ltd. (E-commerce News)

6. Alipay updates NFT-related terms and strictly prohibits hype NFT digital works

      On August 11, Alipay’s “Ant Chain Fanscent Member” mini program recently released an update announcement on the “Ant Chain Fanscent Member User Service Agreement”. The announcement stated that this update added NFT digital works service description and NFT-related terms and content. Among them, in terms of the service description of NFT digital works, the User Service Agreement clearly states that the copyright of NFT digital works is owned by the publisher or the original creator. NFT digital works shall not be used for any commercial purposes unless otherwise agreed in writing by the copyright owner; users are strictly prohibited from using NFT digital works for illegal use such as hype, over-the-counter transactions, fraud, etc. The agreement also clearly states the conditions for users to transfer NFT digital works: they need to hold the work for at least 180 days, be friends with the recipient, and be over 14 years old and the recipient are all 15 years old, all pass Alipay real-name authentication, and pass Alipay and other risk control verification procedures. (Sina Technology)

Cross-border newsletter

7. African e-commerce giant Jumia's revenue in Q2 increased by 4.6% year-on-year

      August 11th news, African e-commerce giant Jumia announced its financial results for the second quarter ended June 30, 2021. In the second quarter, Jumia's revenue was $40.2 million, a year-on-year increase of 4.6%; gross profit increased by 4% to $26.8 million; and a loss of $0.41 per share. In the second quarter, Jumia platform reached 7 million active consumers, a year-on-year increase of 3%; orders increased by 12.8% year-on-year to 7.6 million; total commodity transaction volume (GMV) fell 11% to US$223.5 million; total payment volume (TPV) fell 4% year-on-year to US$56.6 million. (E-commerce News)

8. Shopee Brazil announced the launch of an affiliate program commission of up to 14%.

      According to foreign media reports, on August 10, Shopee Brazil announced the launch of an alliance plan, and partners can receive up to 14% commission rewards. It is reported that the commissions for the program vary by product category. Shopee said individuals and businesses can join the program through social media, WhatsApp and Telegram to promote their products, and Shopee will settle commissions once a month. (E-commerce News)

9. TikTok and e-commerce company Shopify cooperate to help merchants expand the Middle East market

      According to foreign media reports, TikTok, the overseas version of TikTok, recently announced an in-depth cooperation with e-commerce company Shopify to help merchants develop in the Middle East. It is reported that Shopify reached a partnership with TikTok last year, allowing merchants to attract buyers to their Shopify stores for their brands on TikTok. This cooperation will allow Shopify merchants to use the TikTok community to benefit from the core features of TikTok For Business Ads Manager. In addition, TikTok will begin testing new e-commerce features, making it easier for its users to discover Shopify merchants in the Middle East and buy their products on TikTok. (E-commerce News)

10. eBay postponed the release of Q2 financial report for 2021

      On August 11, a filing filed by eBay with the U.S. Securities and Exchange Commission showed that eBay will delay filing its second quarter 2021 financial report. eBay said that given that the company reported its Korean business as holdings for sale and termination on June 24, 2021, and eBay's transfer of part of its business to Adevinta at the end of June, the company needs additional time to determine its quarterly financial statements ended on June 30, 2021, and is expected to submit its second-quarter earnings report within 5 calendar days of the expected filing date. According to the original plan, eBay will release its quarterly financial report on August 11. (Yibang Power Network)