#Laogao E-commerce Newsletter# [November 16 E-commerce Morning News]

Morning News: Amazon will provide virtual medical services to Hilton employees; McDonald's reached a cooperation agreement with Uber and DoorDash; Hello Travel's new patent is authorized to involve a user travel planning method; State Administration for Market Regulation: Internet companies enter community group buying, impacting offline community economy...

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E-commerce newsletter

1. State Administration for Market Regulation: Internet companies enter community group buying, impacting offline community economy

On November 16, the official website of the State Administration for Market Regulation recently announced the bureau’s replies to “prevent large Internet companies from using online group buying to form market monopoly into grassroots areas of cities and counties, seriously affecting the interests of the people.” The State Administration for Market Regulation pointed out that Internet platform companies use their advantages in capital, data, traffic, etc. to enter community group buying, and seize the market in the form of subsidies and low prices, which will easily bring huge impact to offline community economies such as farmers' markets and community convenience stores. (E-commerce News)

2. Meicai responds to rumors of IPO in Hong Kong: No comment

According to news on November 16, yesterday, there was news that Meicai will choose CICC, Citigroup, Nomura and others to be responsible for Hong Kong IPO. In response, Meicai responded: She would not comment. In fact, it was reported in July this year that Meicai is considering transferring its IPO location from the United States to Hong Kong. Deliberations are still in progress, and Meicai may decide later whether to continue its plans to go public in the United States. At that time, a representative of Mia declined to comment. (E-commerce News)

3. 1,755 online freight companies completed 16.576 million waybills in the third quarter

According to statistics from the Ministry of Transport's Internet Freight Information Interaction System, as of September 30, 2021, there were 1,755 online freight companies nationwide, integrating 2.97 million scattered capacity of society and 3.01 million drivers; 16.576 million waybills were completed in the third quarter, an increase of 30.0% month-on-month. In the third quarter of this year, the top three provinces in the 30 provinces that officially uploaded documents and the Xinjiang Production and Construction Corps whose online freight enterprises were under the jurisdiction were Jiangsu, Shanxi and Shandong; the top three provinces that ranked in the volume of waybills were Tianjin, Shanxi and Jiangsu; the top three provinces with the top three provinces with the document upload rate were Henan, Shandong and Jilin. (E-commerce News)

4. The new Hello Travel patent is authorized to involve a user travel planning method

According to news on November 15, Tianyan Check information shows that Hello Travel's affiliated company Shanghai Junzheng Network Technology Co., Ltd. has recently obtained several patents, one of which is called "Travel Mode Planning Methods, Devices, Computer Equipment and Storage Media". Authorization announcement number CN111121806B, and the application is announced on May 8, 2020. (E-commerce News)

Cross-border newsletter

5. Amazon will provide virtual medical services to Hilton employees

According to reports on November 16, Amazon and Hilton have reportedly reached a cooperation with virtual medical services, and Hilton will become the first hotel customer of Amazon Care's business, but the two parties did not disclose financial details of the transaction. As of December 31, 2020, Hilton has approximately 141,000 employees worldwide. It is reported that Amazon Care's business mainly provides medical services on demand. Users can contact clinicians through information and video chat, and some cities can also provide door-to-door services. In 2019, Amazon began piloting in Seattle to provide medical services to employees and began selling Care to companies across the United States this summer. ((E-commerce News)

6. McDonald's reached a cooperation agreement with Uber and DoorDash

On November 16, McDonald's confirmed that the company reached an agreement with travel company Uber and "US version of Ele.me" DoorDash. It is reported that McDonald's has more than 13,000 stores in the United States, of which franchise stores account for 95%. Previously, McDonald's announced that it would increase the hourly wages of its more than 36,500 employees in the United States, increase the average salary of employees of about 650 direct-operated restaurants by 10%, and encourage owners and operators of its franchise stores to increase their wages. (E-commerce News)

7. Walmart Double 11 Battle Report: O2O sales reached 180% in the same period last year

According to November 15, Walmart hypermarket recently released a Double 11 report. Data shows that from November 1 to 11, Walmart O2O sales reached 180% of the same period last year; the number of store orders in the entire department broke the historical high. By channel, Walmart mini program sales reached 225% of the same period last year; Walmart ranked first in supermarket sales for the fifth consecutive year on JD.com Daojia APP. It is understood that during this year's Double 11, Walmart's online order delivery volume exceeded 110% of the same period last year. As of the end of October, crowdsourcing picking has been promoted in more than 200 stores across the country, and the number of picking orders on November 11 increased by 110% compared with 6.18. (E-commerce News)

8. Coinbase launches new tools to promote education in the field of crypto

November 15th news: Recently, digital currency trading platform Coinbase is launching new tools to help its cryptocurrency community learn more, share what they know and participate more in education. Coinbase hopes to help the community achieve self-authorization through easy-to-use sharing tools, making it easier to share information on key crypto topics such as portfolio allocations or emerging new assets, a statement said. In addition to the educational tools Coinbase already offers, the new solution will enable users to share information about their assets with their private network by clicking the “Share” button in the Coinbase app. (E-commerce News)

Internet Information

9. Cainiao's "Double 11 Green Logistics Carbon Reduction Report": Logistics reduces carbon carbon by 53,000 tons

It is reported that all six Cainiao Logistics Parks located in Jiading, Wuhan Jiangxia and Huangpi, Dongguan Qingxi, Hangzhou Xiasha and other places use clean energy power generation, with a total power generation of 87,000 degrees. While accelerating the digitalization of the industry, Cainiao electronic noodle sheets are also helping the entire industry reduce emissions. Data shows that from November 1 to 14, the entire industry used the Cainiao Green One-Link order to reach 1.6 billion pieces, which is equivalent to less than 3,700 square meters of forest cuts compared to the paper that can be saved in traditional paper five-Link orders. (E-commerce News)

10. E-commerce brand acquisition company Hypefast receives US$19.5 million in Series A financing

According to reports on November 15, Indonesia's e-commerce brand acquisition company Hypefast recently raised US$19.5 million in a Series A financing, with investors including Monk's Hill Ventures, Jungle Ventures, Strive, Arkblu Capital and Amand Ventures. Currently, Hypefast has raised $22 million in funding. It is understood that Hypefast has acquired more than 25 e-commerce brands so far, and the company recently acquired a baby brand in Indonesia, whose revenue has increased from US$3 million to nearly US$8 million in the past six months. (E-commerce News)