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

Morning News: Ele.me: Resolutely not engage in "choose one" behavior and insist on operating in accordance with the law; the Municipal Administration for Regulation imposed anti-monopoly penalties on Meituan: a fine of 3.442 billion yuan accounts for about 3% of annual revenue, which is less than 4% of Alibaba; Qingdao Cross-border E-commerce Industrial Park was selected as a key cross-border e-commerce industrial park in Shandong Province; AliExpress: Visuyi Russian Overseas Warehouse Gadian promised to go online; Mafengwo National Day Golden Week Insight: Local travel orders account for nearly 40%...

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E-commerce newsletter

1. JD Service +, a subsidiary of JD Logistics, launched a small and medium-sized "delivery and assembly" service

According to October 9, on October 8, the small and medium-sized "delivery and assembly" service launched by JD Service+, a subsidiary of JD Logistics, was officially launched. Through this service, consumers only need to open the door once after purchasing small and medium-sized items such as smart locks to solve the delivery and installation problems. At present, the service has been piloted in 7 cities, reaching 963 level 4 addresses across the country, including Beijing, Shanghai, Wuhan, Xi'an, etc. (E-commerce News)

2. Ele.me: Resolutely not engage in "choose one of two" behaviors and insist on operating in accordance with the law and regulations

According to October 8, today, Ele.me’s official Weibo account issued an announcement stating that Ele.me has paid attention to the State Administration for Market Regulation for punishing Meituan’s monopoly abuse of market dominance. It is understood that today, the State Administration for Market Regulation made an administrative penalty decision in accordance with the law, ordering Meituan to stop its illegal behavior and impose a fine of 3% of its domestic sales revenue in 2020, totaling 3.442 billion yuan. (E-commerce News)

3. The Municipal Administration for Regulation imposed anti-monopoly penalties on Meituan: a fine of 3.442 billion yuan accounts for about 3% of annual revenue, which is less than 4% of Alibaba.

According to October 8, on October 8, 2021, the State Administration for Market Regulation made an administrative penalty decision in accordance with the law, ordering Meituan to stop its illegal behavior and impose a fine of 3% of its domestic sales revenue in 2020, totaling 3.442 billion yuan. Announcement from the State Administration for Market Regulation shows that Meituan has actively admitted, provided evidence, and actively conducted comprehensive self-inspection and rectification behavior. The General Administration has taken into account the factors such as Meituan actively provided important evidence that law enforcement agencies have not yet grasped during the investigation, stopped the "two-choice one" behavior and conducted comprehensive self-inspection and rectification, and actively returned the exclusive cooperation deposit collected, and made the above handling opinions. (E-commerce News)

4. Liu Zhen, director and deputy general manager of Antarctic E-commerce Company, resigned

According to October 8th, today, Antarctic E-commerce disclosure announcement showed that the board of directors recently received a written resignation report submitted by the company's director and deputy general manager Liu Zhen. Liu Zhen applied to resign from the position of director, deputy general manager and a special committee under the company's board of directors for personal reasons. Liu Zhen’s resignation as a director will not cause the company’s board of directors to be lower than the statutory minimum number. The company’s board of directors will carry out the work of by-election directors and relevant members of the board of directors’ special committees as soon as possible in accordance with the statutory procedures. (E-commerce News)

Cross-border newsletter

5. Qingdao Cross-border E-commerce Industrial Park was selected as a key cross-border e-commerce industrial park in Shandong Province

According to October 9, Qingdao Cross-border E-commerce Industrial Park was recently recognized by the Provincial Department of Commerce as a "Shandong Province Key Cultivation of Cross-border E-commerce Industrial Park". It is reported that Qingdao Cross-border E-commerce Industrial Park is located in Qingdao Free Trade Zone. The industrial park is currently the only comprehensive port in the country that covers cross-border e-commerce, general trade, and shipping international express parcels. It has carried out cross-border e-commerce 1210, 9610, 9710, 9810 business models, as well as import and export business of all trade types such as general trade and international express parcels. At present, the industrial park has gathered more than 300 enterprises, covering cross-border e-commerce platform enterprises, import and export trade, international logistics, talent training, MCN institutions and other cross-border e-commerce industry chain enterprises. (E-commerce News)

6. eBay launches free return service promotion plan

On October 9th, in order to encourage sellers to provide free returns services, eBay launched a free return service promotion plan, rewarding sellers to set up free returns services. The event is an invitation system. Sellers can check their email or go to the seller center marketing activity page to learn about the event details. eBay said that now sellers set up free returns services to get a single reward of up to $90, while also achieving a conversion rate of up to 25%. When the seller creates a publication or edits an online publication, select "Seller" in the "Return Freight Payer" in the "Return Options" to successfully set up a free return service. (E-commerce News)

7. AliExpress: Visuyi Russia's overseas warehouse flea promises to go online

According to October 8, AliExpress recently issued an announcement stating that Visuyi Russia's overseas warehouse cafeteria promised to be officially launched. According to reports, Russia's overseas warehouse-Cainiao Promise Da is a one-stop logistics solution for AliExpress sellers to provide overseas warehouse order transfer systems, terminal distribution, logistics details tracking, logistics dispute handling, and after-sales compensation. Visuyi Russian Overseas Warehouse was established in 2017 and serves the earliest batch of Russian Overseas Warehouse Logistics. It is understood that the overseas warehouse can be shipped out within 48 hours after receiving the order, with a sign-up period of 2-6 days, and the collection scope covers Guangzhou, Huadu, Panyu, Foshan, Shenzhen, Dongguan and Yiwu. (E-commerce News)

8. German Post DHL reaches strategic cooperation with e-commerce platform PrestaShop

October 8th news, recently, Deutsche Post DHL announced a strategic partnership with e-commerce platform PrestaShop. DHL will provide PrestaShop merchants with preinstalled DHL applications and integrate them into the backend of online stores. This cooperation will develop marketing plans for both parties, and DHL will provide small and medium-sized enterprises with opportunities to obtain their supply chain services and help companies develop their e-commerce business in the international market. It is understood that DHL's current distribution network covers all major European markets and has 30 distribution centers. (E-commerce News)

Internet Information

9. Xiaomi Group: Repurchase 814,800 shares to cost HK$17.05 million

10月8日消息，今日，小米集团披露公告显示，公司于2021年10月5日在香港交易所回购81.48万股公司股票，耗资约1705万港元。根据此次回购数量和耗资情况计算回购均价约为20.93港元；根据披露，此次最高回购价21.00港币，最低回购价20.85港币。今年以来，小米集团多次回购股份，本年內至今为止累计购回证券数目为1.24亿股，占于普通决议案通过时已发行股份数目的0.5%。截至10月8日中午收盘，小米集团股价报21.15港元，下跌0.94%，总市值为5307.53亿港元。（电商报）

10. Mafengwo National Day Golden Week Insight: Local travel orders account for nearly 40%

According to reports on October 8, Mafengwo Travel Big Data shows that during the National Day Golden Week, local travel orders accounted for nearly 40% of holiday travel products. In terms of destinations, the top ten most popular destination cities during the National Day Golden Week are: Ganzi, Aba, Beijing, Sanya, Chengdu, Altay, Guilin, Shanghai, Chongqing and Lijiang. Beijing is still ranked among the top three under the continuous heating of the "Universal Studios fever", and long-term travel destinations such as Sanya, Guilin, and Lijiang are on the list. Museum immersion trips, self-driving, night market tours, etc. have also entered the Mafengwo gameplay list. (E-commerce News)