#Laogao E-commerce Newsletter# [September 7 E-commerce Morning News]

      Morning News: The latest progress of the case of "Ali female employee being assaulted": Wang Mouwen refused to approve the arrest; Pinduoduo launched the dressing e-commerce app "Meimeida"; Hema established a new company in Jinan with a registered capital of US$30 million; from January to August, cross-border e-commerce in the economic development area of ​​Kunming Comprehensive Bonded Zone achieved 6 million orders; AliExpress adjusted the "Cainiao Special Line-Super Economy" route freight to South Korea...

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

E-commerce newsletter

1. Gome Retail: Mobilize shareholders to consider and as appropriate to approve the shareholders' meeting until September 17

      On September 7, Gome Retail issued an announcement on the Hong Kong Stock Exchange on the evening of September 6, stating that at the shareholders' special meeting, the Chairman of the shareholders' special meeting submitted an ordinary resolution to motion shareholders to consider and as appropriate to pass the shareholders' special meeting until September 17. The resolution to renew the meeting has been officially passed by shareholders by voting. As at the date of the Special General Meeting of Shareholders, the Company has 23,832,603,422 issued shares. (E-commerce News)

2. Chen Rongkai, Vice President of Meituan: Digitalization of the catering industry helps merchants provide precise services and reduces information asymmetry

      On September 7, Meituan Vice President Chen Rongkai said in an exclusive interview on September 5 that the digitalization of the catering industry has brought changes to the demand and supply sides. Merchants have achieved full-chain management upgrades and carried out more precise services. Chen Rongkai pointed out that services have the characteristics of localization. In the past, consumers were not very complete in obtaining service information. Since the popularity of mobile Internet, there has been a location-based service, referred to as LBS technology, service outlets, restaurants, etc. have been online, and there are also a large number of consumer reviews. Through in-store consumption or home delivery, the availability of services has been greatly enhanced. (E-commerce News)

3. Hema set up a new company in Jinan with a registered capital of US$30 million

According to news on September 6, Qichacha information showed that on September 3, Jinan Hema Network Technology Co., Ltd. was established. The legal representative is Chang Yubing with a registered capital of US$30 million. The business scope includes: amusement park services; takeaway delivery services; daily electrical repairs; professional cleaning, cleaning, disinfection services, etc. Equity penetration shows that the company is 100% controlled by Hema (Hong Kong) Co., Ltd. (E-commerce News)

4. Pinduoduo launches "Meimeida" dressing e-commerce app

      According to Tech Planet, Pinduoduo recently launched an application called "Meimeida". The application was developed by the Guangzhou Branch of Shenzhen Qianhai Xinzhijiang Information Technology Co., Ltd. The company's legal person is Pinduoduo CLO Zhu Jianchong. It is reported that Meimeida focuses on recommending outfits, beauty makeup, and daily necessities. The homepage is mainly divided into two sectors: "Selected Classification" and "Hot Sales in the Whole Network". Among them, the selected categories mainly include wear products, shoes, bags, and beauty products for female users. Relevant data shows that at present, on the Pinduoduo platform, female consumers born in the 1990s account for more than 50%, becoming the main consumer army. (E-commerce News)

Cross-border newsletter

5. From January to August, the cross-border e-commerce of Kunming Comprehensive Bonded Zone Economic Development Zone achieved 6 million orders

      According to September 7, from January to August this year, the cross-border e-commerce business volume of the Economic Development Zone of Kunming Comprehensive Bonded Zone achieved a "double breakthrough" of 6 million orders and a goods value of 60 million US dollars, completing this year's target tasks four months ahead of schedule. In November 2020, the Economic and Technological Development Zone officially launched cross-border e-commerce business with the approval of the Customs. The main commodities of cross-border e-commerce import trade are milk powder, cosmetics, daily necessities, red wine and rice, and the main import countries are Thailand, Sri Lanka, etc. The main products of export trade are daily necessities, mobile phone parts and clothing, and the main export countries are Thailand, Myanmar, Vietnam, Pakistan, Bangladesh, etc. (E-commerce News)

6. Yunda International’s layout of ASEAN China-Vietnam cross-border route is officially launched  

      According to September 6, Yunda held a China-Vietnam line launch ceremony in Nanning, Guangxi yesterday, marking the official launch of Yunda International’s layout of ASEAN-China-Vietnam cross-border route. After a period of trial operation, the Yunda China-Vietnam International Highway has become increasingly mature. The route passes through Nanning, leaves from Pingxiang, and enters Vietnam, providing door-to-door services for cross-border parcels. Yunda will also provide ASEAN international road transport services in the future. According to Yunda International, Vietnam's e-commerce transaction volume increased by 18% in 2020, and the market size reached US$11.8 billion. (E-commerce News)

7. AliExpress adjusts the shipping fee for "Cainiao Special Line-Super Economy" to South Korea

      According to September 6, recently, AliExpress platform issued a notice on price adjustment of some routes "Cainiao Special Line - Super Economy". The notice shows that in order to improve the overall service quality of South Korea, price adjustment arrangements are now made for the "Cainiao Special Line-Super Economy" route. Sellers can adjust the shipping template configuration as needed. Since September 9, 2021, Western Time, the online shipping logistics order created by sellers, the lines sent to South Korea "Cainiao Special Line - Super Economy" will settle the freight according to the new quotation. (E-commerce News)

8. India's unified payment interface achieved 3.55 billion transactions in August

      According to data released by the Indian National Payment Company, in August, the transaction volume of unified payment interface reached 3.55 billion, and the total transaction price amount reached 639,116 crore. In July, UPI broke the 3 billion transaction volume mark for the first time, with trading volume of 3.24 billion for the month and trading volume of Rs 606,281 crore. Compared with July, UPI transaction volume increased by 9.56% in August and transaction volume increased by 5.4%. In terms of market share, as of July, PhonePe was in a market leader, accounting for 46%, Google Pay's market share was 34.45%, and Paytm's market share was 11.94%. (E-commerce News)

Internet Information

9. Latest progress in the "Ali female employee was assaulted" case: Wang Mouwen refuses to approve the arrest

It is reported that on July 26 this year, Wang Mouwen and Hu Moumin of Alibaba Group went on a business trip to Jinan. In the afternoon, a group of four people went to Jinan Hualian Supermarket to negotiate business and successfully signed a contract. That night, four people invited Zhang and four others from Jinan Hualian Supermarket. After dinner, Zhou returned to the hotel. On the morning of July 28, Zhou believed that he might have been injured while drunk, so he called the police at noon after talking to her husband. (E-commerce News)

10. Central Bank: Banks handled a total of 37.011 billion mobile payment transactions in the second quarter

      According to September 6, the central bank today released the overall operation of the payment system in the second quarter of 2021. Statistics show that in the second quarter, banks processed a total of 67.392 billion electronic payment transactions, with an amount of 745.74 trillion yuan. Among them, there were 25.19 billion online payment business, with a total amount of 605.19 trillion yuan, an increase of 16.42% and 11.80% year-on-year; there were 37.011 billion mobile payment business, with a total amount of 11.713 trillion yuan, an increase of 22.79% and 10.32% year-on-year; there were 65 million telephone payment business, a increase of 20.97% year-on-year, with a total amount of 2.74 trillion yuan, a decrease of 12.27% year-on-year. In the second quarter, non-bank payment institutions processed 260.83 billion online payment transactions, with a total amount of 87.32 trillion yuan, an increase of 28.17% and 24.37% year-on-year respectively. (E-commerce News)