#Laogao E-commerce Newsletter# [E-commerce Evening News on August 27]

      Morning News: Beijing Consumer Association's "order cut" investigation results: 17 platforms are suspected of overbearing terms; Yuanqi Forest established a wine company with business scope including Internet sales, etc.; Douyin, Kuaishou and Weibo and other platforms removed the star list; Wish announced cooperation with Czech Post to shorten the delivery time of goods; Amazon urged the FCC to reject SpaceX's second-generation star link plan...

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

E-commerce newsletter

1. Beijing Consumer Association’s Internet Consumer Association’s “order cut” survey results: 17 platform suspected of overbearing terms

      On August 27, the Beijing Consumer Association released a survey report on the issue of "cutting orders" for Internet consumption today. The survey results show that in more than two years since the implementation of the "E-Commerce Law", the problem of "cutting orders" for e-commerce is still relatively common, among which the problem of "cutting orders" on e-commerce platforms such as online shopping and fresh food e-commerce is relatively prominent. Among them, there are 7 online shopping platforms, 6 fresh food e-commerce platforms, and 2 community group buying and online ticketing platforms each. The survey results also show that more than 85% of people have had the experience of being "cut off" in online shopping. (E-commerce News)

2. Yuanqi Forest established a wine company business scope including Internet sales, etc.

      According to news on August 27, Tianyan Check information shows that recently, Nature Craft Wine Co., Ltd. was established with a registered capital of RMB 5 million. The legal representative is Ge Lin. The business scope includes alcohol business; food sales; Internet sales; marketing planning, etc. The equity penetration chart shows that the company is wholly owned by Yuanqi Forest (Beijing) Food Technology Group Co., Ltd. (E-commerce News)

3. Tmall launches 3D version of Tmall Home Decoration City to support consumers to "cloud shopping"

      On August 27, before the launch of Tmall Double 11 in 2021, Tmall will launch a 3D version of Tmall Home Decoration City, where merchants can build their own 3D shopping space to provide consumers with an immersive "cloud shopping" experience. At present, consumers can search for "Tmall Home Decoration City" on the Taobao App to enter the experience. It is understood that at present, the 3D version of Tmall Home Decoration City is version 1.0, which merchants can use for free. At present, more than 3,000 brands have issued more than 200,000 sets of 3D shopping spaces, and the number of modeled products exceeds 70,000. (E-commerce News)

4. Central Bank: Continue to improve basic rural financial services such as payment and credit reporting

      On August 27, recently, the People's Bank of China, the Ministry of Agriculture and Rural Affairs, the Ministry of Finance, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the Rural Revitalization Bureau jointly held a "Video Conference on Financial Support to Consolidate and Expand the Results of Poverty Alleviation and Comprehensive Promotion of Rural Revitalization". The meeting required that basic rural financial services such as payment and credit reporting should continue to be improved. The meeting summarized the work and achievements of financial targeted poverty alleviation. Since the launch of the battle against poverty, 9.2 trillion yuan of financial targeted poverty alleviation loans have been issued, and more than 90 million poor people have been supported. (E-commerce News)

Internet news

5. Star list removed from multiple platforms such as Douyin, Kuaishou and Weibo

      According to August 27, today, the Cyberspace Administration of China issued a notice to further strengthen the governance of chaos in the "fan circle". At present, both Douyin and Kuaishou have removed the star list, and Weibo no longer shows the ranking of celebrity super talks. Among the Kuaishou list, there are only Kuaishou hot list, hot search live broadcast and preferred good products list. It is worth noting that the notice of the Cyberspace Administration of China also proposed to strengthen the management of online behaviors of online variety shows, and not to set up the "spend money to buy voting" function, and it is strictly prohibited to guide and encourage netizens to use material means such as shopping and recharge members to vote for contestants. (E-commerce News)

6. Tmall launches 3D version of Tmall Home Decoration City to support consumers to "cloud shopping"

      On August 27, before the launch of Tmall Double 11 in 2021, Tmall will launch a 3D version of Tmall Home Decoration City, where merchants can build their own 3D shopping space to provide consumers with an immersive "cloud shopping" experience. At present, consumers can search for "Tmall Home Decoration City" on the Taobao App to enter the experience. It is understood that at present, the 3D version of Tmall Home Decoration City is version 1.0, which merchants can use for free. At present, more than 3,000 brands have issued more than 200,000 sets of 3D shopping spaces, and the number of modeled products exceeds 70,000. (E-commerce News)

Cross-border newsletter

7. Wish announced cooperation with Czech Post to shorten delivery time

      August 27th news, according to foreign media reports, recently, the US e-commerce platform Wish announced a cooperation with the Czech Post to reduce tax and customs complex links for online orders in the Czech Republic and shorten the delivery time of goods. It is understood that customers do not need to pay additional VAT or customs duties for goods delivered through Czech postal, as the goods will be freely circulated in the EU in advance. It is reported that Wish was established in 2010. The platform cooperates with payment service providers to handle order payment related matters. It does not store products themselves and does not manage returns. Currently, more than 1 million sellers around the world use the Wish platform. (E-commerce News)

8. Latin American payment platform Tuna receives $3 million in seed round financing

      On August 27, according to foreign media reports, Latin American payment platform Tuna recently announced that it has completed two seed rounds of financing totaling US$3 million, led by Canary and Atlantico. Tuna co-founder Alex Tabor said that to meet the needs of the e-commerce industry that exceeds $200 billion in 2020, Tuna plans to use new funds to build its teams and improve the success and research and development of external customers. Next, he hopes to showcase Tuna payment optimization and attractiveness to service providers in Brazil before entering other potential markets such as Mexico, Colombia and Argentina. (E-commerce News)

9. Amazon urges FCC to reject SpaceX's second-generation Starlink program

      August 27th news, according to foreign media reports, Amazon recently urged the US Federal Communications Commission to reject SpaceX's second-generation Starlink program, claiming that it violates regulatory authorities' regulations on satellite deployment. Amazon said in a protest letter: "SpaceX's novel approach to applying for two mutually exclusive configurations is inconsistent with the committee's rules and public policies, and we urge the committee to reject the amendment." It is reported that Amazon is currently developing its own satellite Internet system, called the "Kuiper Project", which has not yet been launched. (E-commerce News)

10. Apple will allow app developers to remind users of other payment methods

      On August 27, according to the Wall Street Journal, on Thursday local time, Apple announced that it would modify the rules of the App Store, which will allow software developers to inform users of other payment methods outside the Apple ecosystem. This is one of the contents of a class action settlement plan. The change will make it easier for some apps to guide customers to use other forms of payments rather than paying through the App Store; Apple's commission on payments made through the App Store is up to 30%. (E-commerce News)