Morning News: Alibaba International Station Global Procurement Festival will officially start on September 1; Douyin e-commerce official learning platform announced a comprehensive upgrade; Southeast Asia has added 70 million online shopping consumers during the epidemic period; Square, a payment company under Twitter founder, developed a Bitcoin exchange; After the cancellation of the small and small week, ByteDance's salary generally fell by 17%...
Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.
E-commerce newsletter
1. Alibaba International Station Global Procurement Festival will officially start on September 1
According to August 31, Alibaba International Station will officially start the Global Procurement Festival on September 1, helping domestic small and medium-sized enterprises seize cross-border B2B opportunities through comprehensive upgrades to the platform's order flow, logistics and capital flow. It is understood that last year, Alibaba International Station pioneered cross-border B2B live broadcasts, and has conducted more than 200,000 live broadcasts so far. According to the General Administration of Customs, as of July this year, my country's foreign trade exports have maintained positive growth for 14 consecutive months. Data from Alibaba International Station shows that the average daily number of visiting buyers, paying buyers, and online transaction volume of the platform increased by more than 60% year-on-year from January to July. (E-commerce News)
2. Douyin e-commerce official learning platform announced a comprehensive upgrade
On August 31, recently, the Douyin E-commerce Learning Center announced a brand upgrade plan. It is reported that this upgrade to Douyin e-commerce learning center has three special centers: "Rules Center", "Function Center" and "Course Center". Merchants and experts can obtain platform rules, product instructions and learn related courses. The learning center also sets up "merchant zones", "expert zones" and "service provider zones" for different roles to facilitate users to obtain the required knowledge. (E-commerce News)
3. News says Jitu Express is negotiating with Tencent Holdings to raise US$1 billion
According to reports on September 1, Jitu Express is reportedly negotiating with Tencent Holdings to raise US$1 billion. Previously, Jitu Express launched a new round of financing after the Spring Festival, with a planned amount of US$250 million. By April 2021, Jitu Express had completed US$1.8 billion in financing, led by Boyu Capital and followed by Hillhouse Capital and Sequoia Capital. It is reported that Jitu Express, founded in Indonesia in 2015, became the second largest express delivery company in Southeast Asia in just 4 years. (E-commerce News)
4. Economic Daily: Large e-commerce companies continue to be "stabilizers" in the consumer market
9月1日消息，据经济日报报道，近日，京东、阿里巴巴、拼多多都已发布2021年二季报。在我国疫情得到有效控制，经济快速复苏的背景下，三家公司营收同比均实现增长，活跃用户数量稳步提升，电子商务在消费市场“稳定器”作用显著。受疫情影响，市场消费活跃度有所降低。其次，部分上市电商企业积极开拓线上线下融合，结合本地化服务推出全新业态生态，通过多元化方式挖掘潜在消费动能。（电商报）
Cross-border newsletter
5. South Korean online payment platform Kakao Pay cuts IPO scale to US$1.3 billion
September 1 news, Kakao Pay, South Korea's largest online payment service company, recently reduced its IPO scale to US$1.3 billion. After the adjustment, Kakao Pay currently plans to sell 17 million shares at a price range of 60,000 won to 90,000 won, down from the previously announced price range of 63,000 won to 96,000 won. Based on the upper limit of the adjusted issue price range, Kakao Pay will raise up to 1.53 trillion won in this IPO, lower than the previous expected 1.63 trillion won. Kakao Pay said it plans to go public in Seoul on October 14, with a market value of about 11.7 trillion won. (E-commerce News)
6. Southeast Asia added 70 million online shopping consumers during the epidemic
August 31 news, according to Reuters, South Korea's Congress today passed a bill banning major app store operators such as Google and Apple from forcing software developers to use their payment systems. This is also the first time that major economies in the world have imposed such restrictions on companies such as Apple and Google. Currently, Google and Apple are criticized worldwide for requiring developers to use their proprietary payment systems and charging up to 30%. Google and Apple have not commented on this yet. (E-commerce News)
7. South Korea will ban Apple and Google from forcing developers to use their payment systems
According to August 31, Xiamen City recently launched the application for cross-border e-commerce related subsidies for 2020. Among them, the cross-border e-commerce logistics subsidy is enjoyed at 1% of the transaction volume every quarter, with a maximum annual subsidy of 5 million yuan for a single enterprise; the cross-border e-commerce information system usage fee subsidy is 50% for an annual subsidy of 50% for an information management system, and a maximum annual subsidy of 200,000 yuan for a single enterprise is registered and paid taxes in the Xiamen Comprehensive Pilot Zone. It has independent legal person qualifications and conducts 9610 and 1210 businesses; in 2020, the transaction volume of 9610 and 1210 businesses can be declared. (E-commerce News)
8. Square, a payment company under Twitter founder, develops Bitcoin exchange
August 31 news, Twitter founder Jack Dorsey announced that its payment company Square is developing a decentralized Bitcoin exchange called TBD. It is reported that Square also has a heavy holding of Bitcoin. The company's 2021Q1 financial report shows that Bitcoin sales in Square's business reached US$3.51 billion, an increase of more than 10 times year-on-year, and a profit of US$75 million. (E-commerce News)
Internet Information
9. After canceling the big and small week, ByteDance's salary generally fell by 17%.
According to August 31, it is understood that August 31 is the first payday after ByteDance canceled the big and small week. However, Byte employees who received their salary found that their salary had been reduced to varying degrees compared to usual. A Byte employee said on a social platform: "In my lifetime, I finally waited for ByteDance's general promotion, and the general promotion of all employees was reduced by 17%. Another Byte employee revealed to AI Finance and Economics: "I lost 4 days' salary, less than 20%. "In response, ByteDance has not announced a compensation plan for these employees at present. (E-commerce News)
10. Kuaishou and Warner reach a global licensing agreement
August 31 news, according to foreign media reports, Warner Music announced today that it had reached a new licensing agreement with Chinese short video platform Kuaishou. According to the agreement, all Kuaishou's overseas products, including Kwai and SnackVideo, can use the music of Warner Music's artists. It is reported that Kuaishou has more than 1 billion users worldwide. Tony Qiu, head of Kuaishou International Business, said: “The collaboration with WMG allows us to provide more wonderful music to our creators and users, which is part of our commitment to provide interesting, diverse and authentic content to the global community.
EN
CN
