#Laogao E-commerce Newsletter# [E-commerce Morning News on December 7]

Morning News: Alibaba Group's business adjustment was recognized by Citi analysts and its stock price rose by more than 10%; this year, the cross-border e-commerce import and export transaction volume at Guangzhou Baiyun Airport Port exceeded 100 billion yuan; Yonghui Supermarket plans to recommend JD Group Xu Lei as the candidate for the fifth board of directors; AliExpress: The old version of Wuyou Retirement will be officially offline on December 30...

Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Alibaba Group's business adjustment was recognized by Citi analysts and its stock price rose by more than 10%.

Yap said, "Domestic consumption and globalization are Alibaba's two strategic growth pillars, and technological innovation is the third largest engine." Alibaba's move will integrate wholesale and retail businesses. Yap said this is meaningful for Alibaba, allowing different teams to be responsible for domestic and international businesses and give the company different growth conditions. After Alibaba announced the organizational structure adjustment, the company's U.S. stock price closed up $11.69, or 10.44%, closing at $123.65. (E-commerce News)

2. This year, the cross-border e-commerce import and export transaction volume at Guangzhou Baiyun Airport Port exceeded 100 billion yuan

Guangzhou Baiyun Airport Port has gathered more than 1,000 cross-border e-commerce-related companies of various types. More than 100,000 cross-border goods are entering and leaving the port. Since 2021, the value of cross-border e-commerce import and export goods has both increased, and its business scale has ranked first among airports in the country for seven consecutive years. (E-commerce News)

3. Tianyuan Co., Ltd. plans to use its own idle funds to purchase financial products that are not exceeding 200 million yuan in a single transaction.

On December 6, Tianyuan Co., Ltd. issued an announcement that the company reviewed and passed the "Proposal on the Company's Purchase of Financial Products in 2022" at the third meeting of the third board of directors and the third meeting of the third board of supervisors held on December 3, 2021, agreeing that the company uses its own idle funds to purchase financial products in a single transaction or the cumulative amount at any time shall not exceed RMB 200 million within the above amount within one year after the shareholders' meeting review and approval. (E-commerce News)

4. Yonghui Supermarket plans to recommend Xu Lei, JD.com Group, as a candidate for the fifth board of directors

On December 6, Yonghui Supermarket issued an announcement that the fourth board of directors of the company is about to expire. After consultation with the company's major shareholders and all directors, it is planned to propose the current board of directors to recommend candidates for directors of the fifth board of directors. Among the director candidates, Xu Lei is currently the president of JD Group and served as the president of JD Group in September 2021, responsible for the daily operation and coordinated development of JD various business segments. Xu Lei officially joined JD.com in January 2009 and has served as the head of JD.com Marketing Department, head of wireless business department, CMO of JD.com Group, CEO of JD.com Retail Group, and president of JD.com Group. (E-commerce News)

Cross-border newsletter

5. Uber negotiates with management of the subsidiary of Chinatown to introduce external investors to it

According to reports on December 7, four people familiar with the matter said on December 6 that Uber is negotiating with the management of Careem, a subsidiary of Central East, hoping to introduce external investors for it. The people familiar with the matter said that the ownership structure of Careem after it has been acquired is not yet known, but Uber will remain a shareholder, and will give Careem management greater strategic decision-making power. In January 2020, Uber completed this transaction, and Careem became a wholly-owned subsidiary of Uber, continuing to operate as an independent brand and manage independently. Two of the people familiar with the matter said that obtaining external investment will help fund the further launch of Careem’s so-called “super App” strategy. (E-commerce News)

6. News says former Amazon executive Miriam Daniel joins Google in charge of map experience business

According to reports on December 7, former Amazon executive Miliam Daniel has reportedly joined Google. She has been in charge of Amazon Alexa and Echo devices. After joining Google, she will help the company develop map services. According to reports, Daniel left Amazon last month and now she has become Google's vice president, in charge of map experience business, including Google Maps App and underlying technology. When working at Amazon, Daniel was an important driving force behind the rise of the Echo and the popularity of Alexa. It is also understood that another important Amazon executive, Alex Spinelli, has also joined Google. (E-commerce News)

7. AliExpress: The old version of Worry-free Retreat will be officially removed from the market on December 30

According to Hugo's cross-border report, recently, AliExpress issued an announcement stating that the current old version of Worry-free Return will be officially launched on December 30, 2021. In order to better serve and meet returns in the future, the platform has newly packaged and upgraded the product. In addition, a logistics list is generated online, which can be seen by the seller at the return node; the return abnormalities caused by the use of official logistics in the return process will be guaranteed. (E-commerce News)

Internet Information

8. Alibaba International Station: Suspend the sale of pesticides and pesticide equipment to Canada

On December 6, Alibaba International Station recently issued an announcement stating that in accordance with the requirements of relevant Canadian government departments and pest control product regulations, Alibaba International Station hereby emphasizes that platform merchants are prohibited from selling "pesticides and pesticide equipment" products to Canadian buyers. The announcement also mentioned that the effective date for the credit guarantee orders that are not displayed or cannot be drafted in Canada is December 6, 2021, Beijing time. (E-commerce News)

9. The compliance rate of vehicle orders in the entire Suzhou online car-hailing industry is 87.18%

According to the Suzhou Municipal Transportation Bureau, in order to accelerate the process of online car-hailing compliance, the Suzhou Transportation Law Enforcement Detachment recently reported on the city's online car-hailing compliance. The report shows that as of November 30, the compliance rate of vehicle orders in the entire Suzhou online car-hailing industry was 87.18%, the compliance rate of vehicle and driver orders was 71.23%, the compliance rate of driver orders was 77.92%, the compliance rate of vehicle compliance was 74.69%, and the compliance rate of drivers was 67.83%. Compared with the previous round of notifications, the T3 Travel has the largest increase in vehicle order rate and personnel order rate. (E-commerce News)

10. SF Airlines passes the first aviation security audit

According to the news on December 6, according to "Fengcaiyiyi", SF Airlines recently successfully passed the first aviation security audit since its launch in 2009, achieving a compliance rate of 74.7%. It is reported that SF Airlines is currently the largest cargo airline in China with a fleet size, and this is the first time that SF Airlines has received security audits since it started operation. Wang Qingchen, vice president of SF Airlines safety, believes that SF Airlines needs such a "comprehensive physical examination", which is of pioneering significance for the improvement of the company's security system. (E-commerce News)