#Laogao E-commerce Newsletter# [October 25 E-commerce Morning News Brief]

Morning News: After Alibaba and JD.com, Baidu E-commerce announced technical service charges; the GMV on the first day of Kuaishou 116 Quality Shopping Festival increased by 272% year-on-year; the top 100 freight forwarding logistics companies in the country were released, China Foreign Transportation ranked first; deadly bacteria were detected in the aromatherapy spray sold by Walmart; Robin Li promised that Baidu will cultivate 5 million AI talents for the society in the next five years...

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E-commerce newsletter

1. After Alibaba and JD.com, Baidu E-commerce announced technical service charges

According to October 25, Baidu E-commerce recently issued an "Announcement on the Adjustment of Platform Technical Service Fee Charging Standards", saying that Du Xiaodian will adjust the charging standards for platform technical service fees from the original standard to 5%. It is reported that Baidu Dushang did not charge platform technical service fees before. In 2014, Taobao Open Platform comprehensively optimized API usage resources and adopted API charges for all service providers calling the TOP interface. JD.com and Pinduoduo open platforms also charge all developers' API interface calls in September 2019 and July 2020 respectively. (E-commerce News)

2. Industrial products e-commerce platform Ruigu Mall completed a US$250 million Series D financing

On October 24, the industrial product e-commerce platform "Ruigu Mall" announced that it has recently completed a US$250 million Series D financing. This round of financing was led by Chunhua Capital, Taikang Life Insurance, Prolos GLP, Jianfa Emerging Investment, Source Code Capital, Zhongding Capital, CITIC Capital, and Cheng Capital Follow-up Investment. It is reported that Ruiwu Mall has maintained 100% growth for three consecutive years, and its profitability has been continuously improved. According to Tianyan Check information, Ruigu Mall was established in 2013 and its company is Shanghai Xinyi Linhe Technology Co., Ltd., with the legal representative Gao Yong. (E-commerce News)

3. The first day of Kuaishou 116 Quality Shopping Festival GMV increased by 272% year-on-year

On October 23, Kuaishou 116 Quality Shopping Festival ushered in a good start, with GMV on the first day increasing by 272% year-on-year, and user benefits were distributed exceeding 200 million yuan. Among them, China Gold, Half Acre Flower Field and Xiaodu are the first-day GMVtop3 brands, and well-known brands in the main venue contributed more than 40% of the GMV. It is understood that the Kuaishou 116 Quality Shopping Festival has been launched on October 20 and will last until November 11. The theme of this year's 116 Shopping Festival is designated as "A good anchor for fans and a good life." Compared with last year, Kuaishou stores will provide 3 times traffic support, 3 times merchant incentive funds, 6 times consumer shopping benefits, and tens of millions of service providers. (E-commerce News)

4. JD Cloud releases panoramic view of the Internet of Things for the first time

On October 24, Zhou Jiong, vice president of JD Group, delivered a keynote speech on "Gathering all things to connect smartly and helping physical innovation" at the main forum of the 2021 World Internet of Things Expo yesterday, and released the first panoramic view of JD Cloud's Internet of Things industry practice, comprehensively displaying the Internet of Things technology achievements and innovative practices in multiple industries such as retail, logistics, health, home, real estate, and automobiles. (E-commerce News)

Cross-border newsletter

5. Tesco shopping website and applications return to normal

On October 25, British supermarket chain giant Tesco said its website and applications have returned to normal after someone tried to interfere with its system, causing service interruption. A Tesco spokesperson said, "Our online shopping website and app are now back to operation. Our team has resumed services day and night, and we apologize for the inconvenience caused to customers." It is reported that the first problem with Tesco was on Saturday, when users were unable to order items and track shipments. (E-commerce News)

6. The list of top 100 freight forwarding logistics companies in the country was released. China's foreign transportation ranks first

According to October 25, recently, the China International Freight Forwarding Association released data on China's international freight forwarding logistics industry in 2020, including the top 100 international freight forwarding logistics companies in China in 2020, as well as the top 50 sea, air and land transportation businesses, the top 20 warehousing business and the top 50 private enterprises. Among the top 100 freight forwarding logistics companies in the country, China Foreign Transportation Co., Ltd. ranked first, COSCO Shipping International Freight Co., Ltd. ranked second, and China Material Storage and Transportation Group Co., Ltd. ranked third. (E-commerce News)

7. Pakistani logistics company Rider receives US$2.3 million in seed round financing

On October 24, according to foreign media Menabytes, Pakistani logistics startup Rider recently announced that it had received a seed round of financing of US$2.3 million. It is reported that this round of financing was led by Global Founders Capital, Fatima Gobi Ventures, ADB Ventures, and TPL E-Ventures and Transhold. The new funds will be used to develop its logistics and e-commerce cooperation businesses. Rider founder and CEO Salman Allana said that Rider hopes to create an end-to-end e-commerce logistics solution that serves the e-commerce industry in all aspects. The company's ultimate goal is to become the number one logistics solution supplier that meets the needs of Pakistan's e-commerce industry.

8. Deadly bacteria were detected in aromatherapy spray sold by Walmart

On October 24, according to CNN, on the 22nd local time, the U.S. Consumer Product Safety Commission said that Walmart will recall about 3,900 bottles of aromatherapy sprays because the Centers for Disease Control and Prevention detected Burkholderia in the spray, which can cause fatal myeloids. Currently, 4 cases of melanoids have been reported across the United States, including 2 deaths. It is reported that this aromatherapy product is sold on 55 Walmart stores and Walmart websites between February and October 2021. Walmart is currently recalling nearly 4,000 bottles of aromatherapy sprays in the series with six different fragrances. (E-commerce News)

Internet Information

9. Baidu e-commerce announced charges for API interface calls

The announcement shows that the new standard will be implemented at 0:00 on October 9, 2021; to avoid the impact of users' operations, please read and confirm the "Platform Technical Service Fee Implementation Rules" and pay attention to the platform's rules to go online. Previously, Baidu Du Store did not charge platform technical service fees. In addition, the announcement released by Baidu E-commerce also stated that in order to encourage merchants to improve service quality and expand their business scale, Du Xiaodian will provide merchants with commercial discounts on technical service fees with conditions, and the discount form and standards will be notified separately. (E-commerce News)

10. Li Yanhong promises that Baidu will cultivate 5 million AI talents for the society in the next five years

On October 23, the Peking University New Engineering International Forum was officially held. Baidu founder, chairman and CEO Robin Li was invited to attend and delivered a speech entitled "Simplify the traditional Chinese, from scientific thinking to engineering thinking." He promised that in the next five years, Baidu will cultivate 5 million AI talents for the society and continue to contribute to the construction of national strategic scientific and technological forces. In addition, according to him, since 2015, Baidu has supported the Ministry of Education's industry-university-cooperation collaborative education project for seven consecutive years, and has invested more than 10 million in teaching and scientific research funds. Baidu has trained more than 3,000 university teachers in more than 700 universities and participated in the compilation of a series of artificial intelligence textbooks. (E-commerce News)