#Laogao E-commerce Newsletter# [November 10 E-commerce Morning News]

Morning News: New Oriental will withdraw 1,500 teaching points! Yu Minhong will start live streaming with his teacher to sell goods; it is rumored that Amazon is negotiating with the EU to reach an antitrust settlement; live e-commerce KOL supply chain SaaS platform "Popular Star Selection" has received a round A financing of 50 million yuan; the Indian version of Alipay Paytm is about to end subscription and is expected to become the country's largest IPO...

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E-commerce newsletter

1. Live e-commerce KOL supply chain SaaS platform "Popular Star Selection" received 50 million yuan in Series A financing

November 10th news, according to 36Kr, recently, the live e-commerce KOL supply chain SaaS platform "Popular Star Selection" completed a round A financing of 50 million yuan. According to reports, this round of financing is jointly invested by Meihua Venture Capital, Zhiming Capital, ByteDance angel investors Liu Jun, and Zhongdi Capital. It is reported that Popular E-commerce was established in October 2020. Its Popular E-commerce is a KOL supply chain SaaS platform focusing on serving and interested e-commerce. It connects experts, brands and Douyin platform through the SaaS system, empowers mid-level experts through big data drive and professional SOP, and provides product selection services such as "hot products" and "free samples". (E-commerce News)

2. Landing Co., Ltd. completed a 320 million yuan D round of financing led by Alibaba Health

On November 10, today, medical artificial intelligence company Wuhan Landing Intelligent Medical Co., Ltd. officially announced that it had completed a 320 million yuan Series D financing led by Alibaba Health, and Ether Investment participated in the follow-up investment. According to the plan, after the financing is completed, Landing Co., Ltd. and Alibaba Health will jointly create the world's first AI tumor diagnosis cloud in Wuhan Optics Valley that can serve the world, provide a new model for clinical tumor diagnosis services, and open up a new track for the AI ​​health industry. It is understood that Landing Co., Ltd. is the earliest independent third-party professional institution in China to engage in early tumor diagnosis and testing, and was founded by Dr. Sun Xiaorong. (E-commerce News)

3. Xiaoma: Upgrade the Shell rating to "increase holdings" target price to rise to US$30

According to Zhitong Finance, JPMorgan analyst Alex Yao raised Beike's rating from "neutral" to "overweight", and raised its target price from $21 to $30. Alex Yao believes that the stock has fallen 71% so far this year and has included all the recent risks and related financial impacts of tightening real estate market regulation. In addition, Alex Yao told investors that although he lowered his earnings per share expectations for 2022 by another 7% after Beike's third-quarter results were announced, he believes this may be the last round of negative earnings correction. (E-commerce News)

4. Ctrip Group and Mitsubishi Prefecture Co., Ltd. signed a business cooperation agreement

According to November 9, Mitsubishi Land Corporation recently signed a business cooperation agreement with Ctrip Group. The two sides will cooperate in tourism promotion, development of new tourism products, and increasing passenger volume of airports operated by Mitsubishi Geotechnical Group. Each platform under Ctrip Group will promote tourism information in the area where the airport operated by Mitsubishi Prefecture is located. At the same time, the various services of Ctrip Group will be introduced through electronic billboards in relevant venues under Mitsubishi Prefecture. (E-commerce News)

Cross-border newsletter

5. The US version of "Ele.me" DoorDash acquires Finnish food delivery platform Wolt for US$8.1 billion

According to CNBC, in the third quarter, the U.S. version of "Ele.me" DoorDash revenue was US$1.28 billion, higher than analysts' expectations of US$1.16 billion; the adjusted EBITDA was US$86 million, higher than analysts' expectations of US$69.7 million. In addition, DoorDash also announced that it will acquire Finnish food delivery platform Wolt Enterprises in stock, with the transaction estimated at 7 billion euros. It is worth mentioning that last week, DoorDash announced a partnership with retailer Ulta Beauty to offer same-day delivery services at specific UltaBeauty stores in five cities, with plans to expand and promote in 2022. (E-commerce News)

6. It is said that Amazon is negotiating with the EU and hopes to reach an antitrust settlement

According to reports, people familiar with the matter said yesterday that Amazon is seeking a settlement on two EU antitrust investigations. The move will save Amazon from potentially huge fines and business model changes. Amazon is in preliminary discussions with the European Commission and has proposed concessions to address their concerns, people familiar with the matter said. The European Commission declined to comment on this. It is reported that the European Commission can impose a fine of up to 10% of the global turnover on the investigated companies, and for Amazon, based on last year's revenue, the fine amount can reach US$38.6 billion. (E-commerce News)

7. AliExpress: ERP viewing abnormal orders and logistics announcement interface is open

According to November 9, AliExpress recently issued a notice stating that in order for merchants who use ERP to ship goods to timely understand the platform's logistics related announcements and store logistics abnormal orders, and improve merchant logistics experience, the platform has completed the development of abnormal orders and logistics announcement interfaces, and some ERPs have completed joint adjustments. Please contact relevant third-party ERP service providers who have not yet connected, self-developed ERP merchant partners and AliExpress merchant friends in a timely manner according to the announcement content. This optimization opens the abnormal order and logistics announcement interface to ERP software. (E-commerce News)

8. The subscription of the Indian version of Alipay Paytm is about to end and is expected to become the country's largest IPO

On November 10, the initial public offering of Indian giant Paytm () began subscription at 10:00 New Delhi time in India on November 8 and ended on November 10. Paytm is expected to exceed US$2.4 billion, making it the country's largest IPO to date. (Yibang Power News)

Internet Information

9. New Oriental will cancel 1,500 teaching points! Yu Minhong will start live streaming with his teacher

On November 10, the leaders of education and training face greater pressure after double reductions. At the beginning of this month, socially stated that due to business adjustments, nearly 80,000 sets of desks and chairs were donated to their children. New Oriental will set up a large platform to help sell through sales. (Yibang Power News)

10. WeMall Group acquires 51.89% of the equity of "Xiangxin Cloud" for 220 million yuan

On November 9th, WeMeng Group announced today that it will acquire 51.89% of the equity of Shanghai Xiangxinyun Network Technology Co., Ltd. for 220 million yuan through its wholly-owned subsidiary WeMeng Development. After the transaction is completed, Xiangxinyun will become a subsidiary of WeMeng Group and be included in the listed company system. After the completion of this transaction, WeMall Group will integrate the digital capabilities of WeMall Smart Retail and Xiangxin Cloud's "super shopping guides" to improve the product awareness and service capabilities of shopping guide shop assistants through standardized products. (E-commerce News)