#Laogao E-commerce Newsletter# [September 9 E-commerce Morning News]

      Morning News: State Post Bureau: handled 1,259 postal market administrative penalty cases in the first half of 2021; Suning.com and vivo reached a strategic cooperation agreement in the second half of 2021; Walmart issued green bonds for the first time to raise US$2 billion; Amazon criticized Musk and SpaceX for defiing US laws and regulatory rules; Tencent responded to being interviewed: It will strictly implement relevant regulations and requirements for minors to prevent addiction...

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

E-commerce newsletter

1. State Post Bureau: 1,259 administrative penalty cases for postal markets were handled in the first half of 2021

      The notice shows that in the first half of 2021, postal management departments at all levels across the country carried out a total of 32,600 postal market administrative law enforcement inspections, inspected 16,000 market entities, investigated and rectified 2,928 illegal and irregular problems, and handled 1,259 postal market administrative penalty cases. Among the administrative penalty cases in the first half of the year, the number of illegal acts involved in the case were: 210 cases were not registered in accordance with regulations by opening a terminal express delivery outlet, accounting for 16.68%; 138 cases were not submitted for real-name receipt and delivery in accordance with regulations, accounting for 10.96%; 93 cases were not in compliance with national or industry standards, accounting for 7.39%; 81 cases were violated by express delivery service standards, accounting for 6.43%. (E-commerce News)

2. Suning.com and vivo reach strategic cooperation agreement for the second half of 2021

      Ren Jun, President of Suning.com Group, attended the conference remotely through video links. Focusing on topics such as the next step of strategic cooperation, brand image upgrade, and the main promotion of vivo X70 new products, the executive teams of the two sides exchanged views and reached a strategic cooperation agreement for the second half of 2021. Speaking of the cooperation direction in the second half of the year, Ren Jun, President of Suning.com Group, said that it is necessary to promote the capacity building of vivo in Suning.com's online and offline channels, use Internet resources to make efforts, and enhance the sales growth of vivo brand. (E-commerce News)

3. Report: Xianyu MAU reached 55.89 million in June, ranking first among second-hand e-commerce companies

      According to reports on September 8, Bida's monitoring data in June showed that Xianyu's active users in June were 55.893 million, ranking first in the industry. Secondly, Zhuanzhuan ranked second with 16.189 million, Zhaoliangji and Weipaitong ranked third with 3.91 million and 2.183 million respectively, and the number of active users of other players was below one million. According to Alibaba's latest quarterly financial report, Xianyu's monthly active users exceeded 100 million as of June 2021. (E-commerce News)

4. Alibaba International Station: Cancel the concept of direct ordering and RTS product suspension function

      On September 8, Alibaba International Station issued an announcement yesterday stating that it has been upgraded and adjusted to the seriousness and professionalism of RTS track products. The adjustment mainly includes canceling the concept of merging RTS products and directly placing orders, as well as canceling the RTS product suspension function. For "direct orders" that have been released but do not meet the current standards of RTS products and RTS products that have no clear shipping fees for any country, the background will prompt as "RTS products to be rectified", and the prompt function will be launched on September 16. The "RTS products to be rectified" that have not been rectified in time will be forced to be removed from the platform on October 31. (E-commerce News)

Cross-border newsletter

5. eBay and TaiChange China signed a strategic cooperation agreement

      September 8th news, today, eBay and TaiChanglian China signed a strategic cooperation agreement in Guangzhou. According to reports, this strategic cooperation between eBay and TaiChenlian will provide support for eBay auto and motorcycle parts sellers to go overseas for data support, supplier resources and improved operational efficiency. (E-commerce News)

6. Walmart raises $2 billion in its first green bond issuance

      On September 9, Walmart, the largest retailer in the United States, issued green bonds for the first time on Wednesday to raise $2 billion to be the largest green bond issuance ever by American companies, surpassing the record of $1.5 billion set by NextEra Energy Capital in June and Apple in 2016. It is reported that Walmart's $2 billion 10-year green bond issuance is part of its five-phase issuance of $7 billion bonds, aiming to fund a tender offer and a series of environmental efforts. Walmart aims to achieve zero emissions by 2040 and plans to reduce carbon emissions by 1 billion tons from its supply chain by 2030. (E-commerce News)

7. India ruled that Amazon and Flipkart must undergo antitrust investigation

      September 9 news, according to Reuters' recent reports, the Indian Supreme Court recently ruled that the e-commerce platform Flipkart, a subsidiary of the United States, must face India's antitrust investigations in it. The report said that this was a big blow to the two e-commerce giants, who had urged Indian judges to revoke these investigations. The two companies subsequently denied any misconduct and filed lawsuits against the investigation in the lower courts of India and the Supreme Court, saying that the Indian Competition Commission did not have enough evidence to pursue the matter. (E-commerce News)

8. Amazon criticizes Musk and SpaceX for flouting U.S. laws and regulatory rules

      According to reports on September 9, Amazon reported to US government regulators on Wednesday local time that SpaceX CEO Musk believes that government regulatory rules have no effect on him. Amazon accused Musk of turning a deaf ear to many federal regulatory policies, including the Federal Aviation Administration's regulatory rules. Amazon said in the filing that SpaceX, which Musk is in charge, has violated many regulations and other companies. SpaceX and Tesla have not commented on this regulatory report, and the Federal Communications Commission and the Federal Aviation Administration declined to comment. (E-commerce News)

Internet Information

9. Tencent responded to being interviewed: It will strictly implement relevant regulations and requirements for minors to prevent addiction.

      Subsequently, Tencent responded to this: Tencent will seriously study the spirit of the interview, and under the guidance of relevant competent departments, strictly implement relevant standards and requirements for minors to prevent addiction, strengthen content safety and compliance, adhere to correct value orientation, and effectively protect the physical and mental health and thriving growth of minors. It is worth mentioning that in Tencent's Q2 financial report, the game duration for minors on illegal holidays was reduced to 1 hour per day and 2 hours per day during legal holidays. (E-commerce News)

10. NetEase responded to being interviewed: It will strictly implement relevant regulations and requirements for minors to prevent addiction.

      Regarding this interview, NetEase responded that it will earnestly study and implement the spirit of the interview, strictly implement the relevant regulations and requirements of the regulatory authorities for the prevention of addiction to minors, further strengthen the review and management of game content, adhere to the correct value orientation, and launch more well-made and profound original products through continuous technological innovation, effectively guide minors to play healthy games and promote the continuous improvement of the game ecology.