#Laogao E-commerce Newsletter# [October 11 E-commerce Morning Newsletter]

Morning news: Taote officially launched a 34-day "Special Sales Festival"; Alibaba donated 50 million yuan to help Shanxi disaster relief; TikTok launched applications for many LG smart TVs; shipping prices fell; foreign trade companies reduced pressure on October 11; the State Administration for Market Regulation reported that 7 batches of food samples were unqualified, including 4 Tmall Taobao stores...

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E-commerce newsletter

1. Taote officially launched a 34-day "Special Sales Festival"

According to October 10th, yesterday, Taote announced that it will officially launch the 34-day Taote "Special Sales Festival". From October 9 to November 11, Taote distributed at least 1 billion yuan of various "invitation" red envelopes to consumers; at least 10,000 products will be exempted from orders every day; and 25 million products directly supplied from the source will be delivered to their homes for free with one yuan. It is reported that this is the second time that Taote has participated in Double 11 after launching the "One Yuan Fragrance Festival" last year. (E-commerce News)

2. Baidu urgently donated 50 million yuan to help Shanxi

On October 10, Shanxi has been hit by heavy rain for many consecutive days, and severe floods have occurred. The disaster has touched the hearts of the people across the country. On October 10, the Baidu Foundation announced an emergency donation of 50 million yuan to help Shanxi to help the government and all sectors of society fight the disaster. (E-commerce News)

3. Pinduoduo announced that it would donate 50 million yuan to rush to Shanxi for emergency relief

According to October 11, on the evening of October 10, Pinduoduo announced that it would donate 50 million yuan to urgently rush to Shanxi for disaster relief. Pinduoduo said that since October, extremely heavy rainfall has occurred in most parts of Shanxi, which has caused mountain torrents and geological disasters, posing a threat to the lives and property safety of local people and has also touched the hearts of people across the country. If one side has difficulties, all sides will support it. In response to the emergency disaster relief call from the state and relevant departments of Shanxi Province, Pinduoduo announced that it would donate 50 million yuan to the Shanxi Charity Federation to carry out emergency disaster relief and post-disaster reconstruction work. (E-commerce News)

4. Alibaba donated 50 million yuan to help Shanxi to rescue disasters

According to October 11, on the evening of October 10, Alibaba announced that it would donate 50 million yuan in advance, in accordance with the unified command of the Shanxi Provincial Government, to assist in emergency rescue, disaster relief, people's livelihood security, post-disaster reconstruction and other work. Among them, Alibaba Charity Foundation donated 30 million yuan, and Jack Ma Charity Foundation and Cai Chongxin Charity Foundation will donate 10 million yuan respectively. Alibaba said it has jointly launched a rescue operation with the China Red Cross Foundation, the Aide Foundation, and the One Foundation. Search for "Come on Shanxi" on Taobao to enter the disaster relief special page. (E-commerce News)

Cross-border newsletter

5. TikTok launches apps for LG's multiple smart TVs

According to foreign media reports, TikTok has launched an app for LG's 2020 and 2021 smart TVs. The app was launched in the recent webOS Sam's Club 5.0 and webOS Sam's Club 6.0 versions, with firmware updates starting October 7, and will be available on older 2019 TVs in the next few months. TikTok Sam Club confirmed that the app will be available in the UK, France and Germany and is available on its Samsung TV, Android Sam Club TV and Sam Club Fire Sam Club TV. It is reported that the app is not available on the Sam Club LG Sam Club smart TV in the United States.

6. Royal Mail subsidiary to acquire Canadian freight giant Rosenau for £210 million

October 9th news, according to Reuters, recently, Royal Mail's GLS parcel service company announced that it will acquire Rosenau, one of Canada's largest freight companies, for £210 million, to strengthen its $25 billion market business in Canada, which is growing by about 5% each year. Data shows that in the 12 months ended August 31, Rosenau generated $175 million in revenue and a 10% operating margin. It is understood that the transaction is expected to be completed in December, but it must comply with customary transaction conditions and regulatory approvals. The purchase will be funded by cash and loans. After the acquisition is completed, Rosenau will be fully incorporated into GLS. (E-commerce News)

7. The shipping price fell and foreign trade enterprises reduced pressure on October 11th

Many shipping freight forwarders have confirmed that the prices of shipping routes in China and the United States have indeed fallen recently. Mingming, chief IFCC analyst at CITIC Securities, believes that the easing of shipping prices has reduced the pressure on my country's export companies, especially small and micro foreign trade companies, to a certain extent. Since the beginning of this year, the rising upstream raw material prices and shipping prices have been two major mountains that have weighed on foreign trade companies. Under the influence of power supply limit, tightening of production capacity means a decrease in the amount of exported goods. At this point in time, sea freight rates tend to be rational, which eases the pressure on foreign trade companies in the short term. (Securities Daily)

8. Facebook plans to build the world's longest submarine cable to connect three continents to serve 3 billion people

On October 10, Facebook recently announced that it plans to extend the 2Africa submarine cable by 8,000 kilometers, thereby connecting the three continents of Africa, Europe and Asia. By then, the total length of the cable will exceed 45,000 kilometers, making it the longest submarine communication cable in the world. It is reported that the 2Africa project was announced in May 2020, with initial plans to surround Africa and connect Europe to provide network connections to 1.2 billion people. Now the cable has added a new section called "Pearls" and has added several new connection points in Oman, the UAE, Qatar, Bahrain, Kuwait, Iraq, Pakistan, India and Saudi Arabia, thus expanding the number of connected countries to 33 and serving a population of 3 billion. (Yibang Power News)

Internet Information

9. The State Administration for Market Regulation reported that 7 batches of food samples were unqualified, including 4 Tmall Taobao stores.

According to October 10, the State Administration for Market Regulation recently organized a random inspection of food safety supervision, involving 307 batches of samples of 27 major categories of food: 7 batches of samples of 5 major categories of food were found to be unqualified. The main problems found are that biotoxins, agricultural and veterinary drug residues exceed the standard, heavy metal pollution, food additives exceed the limit, and quality indicators do not meet the standard. It involves Taobao Farmer Dry Goods Store, Tmall Chunjiangyue Food Flagship Store, Tmall Xiangxing Flagship Store, Taobao Laosun Family Roasted Food, etc. (E-commerce News)

10. Shanghai: By 2025, the coverage rate of express delivery service outlets in industrial parks will exceed 80%.

On October 10, the Shanghai Postal Administration and the Shanghai Economic and Information Technology Commission jointly formulated the "Implementation Opinions on Promoting the Deep Integration and Development of Express Industry and Manufacturing Industry in the City". The "Opinions" propose that by 2025, the scope of express delivery service manufacturing will continue to expand, deeply integrate into key industries such as electronic information, life and health, automobiles, high-end equipment, advanced materials, fashion consumer goods, etc. It is necessary to cultivate 10 typical projects for deep integration and 1 to 2 demonstration areas for deep integration development, and the coverage rate of express delivery service outlets in industrial parks will exceed 80%. (E-commerce News)