#Laogao E-commerce Newsletter# [E-commerce Morning News on September 2]

      Morning News: ByteDance's sale of its securities business completely withdraws from this field; Liangpinpuzi: As of the end of August, it has spent 75.8053 million yuan to repurchase 2.2875 million shares; Amazon plans to recruit 55,000 people worldwide in the next few months; cross-border e-commerce business in Kunming area of ​​the free trade pilot zone exceeds 6 million orders; Ant Group plans to form a personal credit reporting company with state-owned enterprises to promote rectification...

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

E-commerce newsletter

1. Tmall International launches the official flagship store of ONE Championship

      On September 2, the Sports IP-ONE Championship announced that the official flagship store of ONE Championship will officially land on Tmall International on September 1. The flagship store will launch professional training products such as special boxing gloves and training suits for competitions. It also has a joint sports and casual clothing series of well-known fighting IPs such as Bruce Lee and Boxing champion Alibaba to meet the dressing needs of fans and consumers in different scenarios. It is reported that the online sports equipment business of ONE Championship began in 2018, and previously launched a joint product with Chinese local sports brand Li Ning. (E-commerce News)

2. ByteDance sells its securities business and completely withdraws from this field

      According to the report on September 1, byteDance plans to sell its securities business, with an overall valuation of about 500 to 1 billion yuan. The sale began in the first half of 2021. ByteDance has communicated with CICC, CITIC, Fosun Group, Niuguwang, Oriental Fortune, etc. In addition, ByteDance has made it clear that it will not engage in securities business in the future. It is reported that ByteDance's securities business consists of two parts: platform products and Hong Kong and US stocks. (E-commerce News)

3. Liangpinpuzi: As of the end of August, it has spent 75.8053 million yuan to repurchase 2.2875 million shares

      On September 1st, Liangpinpuzi issued a progress announcement on the repurchase of company shares through centralized bidding. The announcement shows that as of August 31, 2021, the company has repurchased 2.2875 million shares through centralized bidding transactions, accounting for 0.57% of the company's total share capital. The highest purchase price is RMB 35.00 per share and the lowest price is RMB 31.51 per share. The total amount paid is RMB 75.8053 million. (E-commerce News)

4. Tickets, hotels and other products are available in Beijing Global Resort Fliggy Flagship Store

      According to September 2, Beijing Global Resort recently announced that it will officially sell various types of tickets to the public starting from September 14. It is reported that its Fliggy flagship store channel has also been opened. Fliggy said that the Fliggy flagship store in Beijing Global Resort will launch tickets, Usutong, hotel and other products. Consumers who hold Fliggy's priority ticket purchase rights can purchase tickets from September 9 5 days in advance, and the admission date is preferred. It is reported that Beijing Universal Studios designated single-day tickets will adopt a four-level ticket structure, and will launch off-season days, regular season days, peak season days and specific days tickets. (E-commerce News)

Cross-border newsletter

5. Amazon plans to recruit 55,000 people worldwide in the next few months

      On September 1, according to Reuters, Amazon CEO Andy Jassie said in an interview that in the coming months, the company plans to recruit 55,000 employees worldwide to hold positions such as corporate and technical, with more than 40,000 of which will be in the United States, while other jobs will be in countries such as India, Germany and Japan. This is also the first media interview since Jassie succeeded as Amazon CEO in July this year. Jassie said Amazon needs more “firepower” to keep up with demand for businesses such as retail, cloud and advertising. In addition, Amazon's new bet, the satellite launch business, also requires a large number of new employees. (E-commerce News)

6. Australia Post's profit in fiscal year 2021 reached AUD 100.7 million and increased by 87.7%

      According to September 1, Australia Post recently announced its 2021 fiscal year financial report. According to the report, Australia Post revenue in fiscal 2021 was 8.27 billion AUD, an increase of 10.3%; pre-tax profit was 100.7 million AUD, an increase of 87.7%. The continued growth in e-commerce brought about by the COVID-19 pandemic and strong growth in the parcel business have boosted the group's total revenue. During the reporting period, the group's parcel and service revenue increased by 17.7% to US$6.48 billion, of which the Australian Post parcel business grew by 27.1% and StarTrack's business volume increased by 12.1%. AP Global's cross-border e-commerce business revenue grew 90.6% to AU$429 million, and its end-to-end logistics solutions serve more than 40 million packages for e-commerce merchants around the world. (E-commerce News)

7. Hainan: Explore the relaxation of personal cross-border transaction policies

      On September 1, Hainan issued the "Implementation Plan for Implementing the Opinions on Financial Support for Hainan to Comprehensively Deepening Reform and Opening-up". It mentioned that it will further promote the facilitation of cross-border goods trade, service trade and new international trade settlements; explore new forms of cross-border investment foreign exchange management to adapt to market demand; improve the macro-prudential management policy framework for full-scope cross-border financing; explore the pilot program of cross-border asset management business; explore the relaxation of personal cross-border transaction policies; support the pilot program of cross-border fund pool business in one domestic and foreign currency; support qualified non-bank financial institutions to carry out pilot program of foreign exchange settlement and sale business. (Securities Times)

8. Cross-border e-commerce business in Kunming area of ​​the Free Trade Pilot Zone exceeded 6 million orders

      On September 2, the Kunming District Management Committee of the China Free Trade Pilot Zone stated that as of August 31, the cross-border e-commerce business volume of the Kunming Comprehensive Bonded Zone Economic Development Zone within the Kunming area has achieved a "double breakthrough" of 6 million orders and a goods value of 60 million US dollars. In November 2020, the Economic and Technological Development Zone officially launched cross-border e-commerce business with the approval of the Customs. Since then, the cross-border e-commerce 1210 and 9610 businesses have developed rapidly. At present, there are 48 cross-border e-commerce trading companies in the Economic and Technological Development Zone. (E-commerce News)

Internet Information

9. JD.com set up a new Internet hospital company in Chengdu with a registered capital of 50 million yuan

      According to news on September 1, Qichacha information showed that on September 1, Chengdu JD Internet Hospital Co., Ltd. was established, with the legal representative being Jin Enlin, with a registered capital of RMB 50 million. The company's business scope includes Internet sales of publications; food sales; disinfection equipment sales; Internet information services of medical devices; drug retail; medical research and experimental development; hospital management; telehealth management services, etc. Equity penetration shows that the company is wholly owned by Suqian Jingdong Tianning Health Technology Co., Ltd., whose actual controller and major shareholder are Liu Qiangdong, and the shares are held (E-commerce News)

10. Ant Group plans to form a personal credit reporting company with state-owned enterprises to promote rectification

      September 2 news, recently, it was pointed out that several companies with government backgrounds will hold a large number of shares in an important asset of Ant Group for the first time, as part of the regulatory-driven rectification after Ant's IPO was suspended in November last year.

      It is reported that the partners plan to set up a personal credit reporting company to handle the database of more than 1 billion consumers controlled by Ant Group. The company's ownership structure may help Ant restart its IPO, the source added. Ant's original IPO was suspended by regulatory authorities a few days before its official listing. According to the plan, Ant and Zhejiang Tourism Investment Group Co., Ltd. each hold 35% of the new company, and other partners with government backgrounds include Zhejiang Electronics Port Co., Ltd. and Hangzhou Financial Investment Group.

      Sources said that the only non-state-owned investor is Chuanhua Group, the parent company of logistics and financial services company Chuanhua Zhilian. The source did not want to be named as the relevant information was not disclosed. One of the sources said Chuanhua Group will hold a total of 7% of the company. (Reuters)