#Laogao E-commerce Newsletter# [E-commerce Evening News on August 23]

      Evening News: News said that Alibaba organization adjusted Yu Yongfu as the CEO of local life; Douyin e-commerce punished "selling miserable and selling goods" on the grounds that fruits were unsalable; Gaode released a new DIY map function for users to personalize routes; Cainiao and AliExpress launched the China-Korea cross-border 5-day package dedicated line; the fashion e-commerce platform Farfetch's digital platform GMV increased by 40% year-on-year in the second quarter...

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

E-commerce newsletter

1. News said that Alibaba organization adjusted Yu Yongfu as the CEO of local life

      On August 23, according to "LatePost", this morning, Alibaba Chairman and CEO Zhang Yong issued a letter to the full staff internally, announcing organizational adjustments, involving local life companies, same-city retail business groups, Hema business groups, general affairs lines, and intelligent information business groups. Among them, the letter of all employees announced that Yu Yongfu served as the CEO of a local life company, and on behalf of the group, he continued to be in charge of the life service sectors including local life companies, Gaode and Feizhu. At the same time, Yu Yongfu will also serve as the president of the same-city retail business group that has completed its restructuring and report to Zhang Yong. (E-commerce News)

2. Douyin e-commerce punishes "selling miserable goods" on the grounds that fruits are unsalable

      According to August 23, recently, Douyin e-commerce issued a notice on the punishment for violations of "selling miserable goods". Officials said that during inspections, the platform governance found that some e-commerce authors "sell miserable" fruits for their unsalable sales, attracting users' attention, spreading content that does not conform to the good social trends, and some anchors even used this to induce users to purchase goods. Such behavior seriously harms the user experience and affects the normal business order and platform ecology. In response to this, Douyin has imposed penalties on these accounts for deducting credit points, permanently banning accounts and closing e-commerce permissions based on different violations. (E-commerce News)

3. JD affiliated companies apply to register multiple "Jing Xiaohong" trademarks

      8月23日消息，天眼查信息显示，近日，京东关联公司北京京邦达贸易有限公司申请注册多个“京小红”商标，国际分类涉及餐饮住宿、网站服务、广告销售、运输工具、运输贮藏、科学仪器等，当前商标状态为“商标申请中”。此外，该公司近日还申请注册“京悦享”“络明”“易昇”等商标。（电商报)

4. Pharmaceutical B2B supply chain platform "Yibi Pharmaceutical" completes a round B financing of tens of millions of dollars

      On August 23, recently, the pharmaceutical supply chain platform "Yiji Pharmaceutical" announced that it had completed a tens of millions of US dollars in round B financing led by Qianji Capital and followed by Duxiu Capital and Xinyuan Capital. This round of financing funds will be used to further expand the company's supply chain advantages, expand the market, and increase technology research and development efforts. (E-commerce News)

Internet news

5. Gaode releases new DIY map function and users can customize routes in a personalized manner

      According to August 23, recently, Gaode Map launched a new function DIY map, which allows users to draw their own maps where they see, automatically mark multiple location points, and freely create customized routes. It is reported that users use the latest version of Gaode Map and click on the "Message" tab below to see the "My DIY Map" entrance. Users who like self-driving tours can click "Make Route" or customize the play route according to the guidance. In addition, DIY maps support co-construction of multiple people, and users can also share DIY maps with friends through social platforms such as WeChat, Moments, QQ, Weibo, and DingTalk. (E-commerce News)

6. The WeChat mini program of Honor’s new retail platform “Star Mall” is launched

      According to August 23, it is reported that Honor launched a mini program called "Star Mall" on WeChat. The mall is displayed as a new retail platform under Honor, covering scenarios such as mobile office and smart home. It is Honor creating a smart new world of mutual communication for exclusive VIP users. Specifically, the interface and product range of Starry Mall are similar to that of Honor Mall, and currently only provide all Honor products for sale. (E-commerce News)

Cross-border newsletter

7. Fashion e-commerce platform Farfetch's digital platform GMV increased by 40% year-on-year in the second quarter

      According to August 23, recently, the global luxury fashion e-commerce platform Farfetch released its financial data for the second quarter of fiscal year 2021 ended June 30. In the second quarter, Farfetch's revenue was US$523.3 million, compared with US$364.7 million in the same period last year, a year-on-year increase of 43%; after-tax profit recorded US$87.93 million, turning losses into profits year-on-year. In the quarter, the total transaction volume of Farfetch commodity was US$1.0078 billion, a year-on-year increase of 39.7%, doubling from the second quarter of 2019 before the epidemic. Driven by a 90% increase in full-price sales, the company's total digital platform commodity transactions increased by 40.3% year-on-year to US$913.4 million in the second quarter, an increase of 89% over the same period in 2019. (E-commerce News)

8. Cainiao and AliExpress are launched in China-Korea cross-border 5-day package delivery line

      On August 23, today, Cainiao and AliExpress officially launched the China-South Korea cross-border 5-day package delivery line. After Korean consumers place an order, they can receive the package within 5 working days, and some areas have as fast as 3 days. At present, the main products sold to South Korea include beauty, 3C digital products, etc. Data from Cainiao and AliExpress show that exports to South Korea in the first half of 2021 increased by nearly 100 million compared with last year. (E-commerce News)

9. The UK Post Office cooperates with DPD to launch the "click pickup" service

      On August 23, in order to expand the delivery service network outside the UK's home delivery service, the British Post Office recently signed a cooperation agreement with DPD, a subsidiary of French Post, to launch the "click and collect" service. The agreement shows that DPD can provide delivery services through 250 branches of the UK Post Office and will be promoted to 1,500 branches before the peak Christmas season comes. Currently, DPD has about 2,500 parcel pickup points in the UK, and Post Office has more than 11,000 outlets in the UK. (E-commerce News)

10. Jiangsu Xuzhou China-Europe Express first cross-border e-commerce export goods

      On August 23, yesterday, a China-Europe freight train carrying 40 standard boxes of coated plywood cross-border e-commerce "B2B" cargo produced by local enterprises took off from Xuzhou Tongshan Station and departed for Poland via the Second Corridor Port. It is reported that the batch of goods is declared in the "B2B direct export of cross-border e-commerce" list mode using the "B2B direct export of cross-border e-commerce". The successful shipment of this train marks that the Xuzhou China-Europe Express has unlocked the new function of shipping and exporting cross-border e-commerce goods. (E-commerce News)