#Laogao E-commerce Newsletter# [E-commerce Morning News on December 17]

Morning News: The e-commerce field welcomes the big player Douyin Box to officially land on the application market; Honor CEO Zhao Ming: The global users exceed 180 million; some eBay categories will provide additional information; news said that Luckin Coffee's US$460 million debt restructuring was approved by the US court...

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

E-commerce newsletter

1. The active users of Taote and Taocai reached 270 million yuan, up 200% year-on-year

According to the news on December 17, according to the world's online business, Alibaba's 2021 Investor Day event was held online a few days ago. At the Investor Day, Alibaba has introduced the new strategies and stage results of the sinking market for the first time. As of the end of September this year, the annual active consumers after the removal of heavy weights of Taote and Taocai reached 270 million, an increase of 200% year-on-year; the average daily trading order volume after the removal of heavy weights of more than 400% year-on-year. At the same time, data shows that compared with Taote, Taocaicai and Taobao APP, Taote's exclusive member DAU ratio has reached nearly 50%; more than 50% of Taocai users buy fresh food on the Taobao platform for the first time. (E-commerce News)

2. Xiaomi Private Equity Fund Completes Registration with China Securities Investment Association

According to Cailianshe, Xiaomi Private Equity Fund Management Co., Ltd. recently completed the registration with the China Fund Association. According to data from China Securities Association, Xiaomi Private Equity Fund was established on May 7, 2021, with the actual controller of Lei Jun; the registered capital is 1.1 billion yuan and the paid-up capital is 278 million yuan, and it is subscribed by Xiaomi Technology Co., Ltd. According to the agency's reminder information department, the agency currently has no funds under management and there are fewer than 5 full-time employees. (E-commerce News)

3. Ele.me’s patent authorization for “display screen with graphical user interface with operating cabinet information”

According to news on December 16, Tianyan Check information showed that Ele.me's affiliated company Lazas Network Technology Co., Ltd. obtained a number of invention patents on December 14, one of which was called "Display screen with graphical user interface with operating cabinet information". The authorization announcement number CN307003054S, and the application date is July 27, 2021. According to the patent summary information, the purpose of this design product is to display the interface, and its design key lies in the graphical user interface content in the product screen. This display is used for mobile phones, tablets and computers. (E-commerce News)

4. Alibaba Investor Day: "Multi-terminal Strategy" promotes the continuous expansion of platform consumer scale

According to China Daily, today, Alibaba's 2021 Investor Day event began to be held online. It is reported that Alibaba first introduced the Chinese retail market business. Alibaba said that the "multi-terminal strategy" has promoted the continuous expansion of the scale of platform consumers. In addition, Alibaba also disclosed relevant measures and achievements in supporting small and medium-sized sellers. According to reports, in the past year, a large number of new original brands and stores have appeared among new merchants on Taobao platform; 150,000 Taobao stores with sales of over one million have increased. (E-commerce News)

Cross-border newsletter

5. Walmart sued Sam Cold Chain Supermarket for compensation of 1 million

According to news on December 17, Tianyan Check information showed that on December 15, the second-instance civil judgment on unfair competition disputes such as Walmart Investment Co., Ltd. and Guangdong Sam Cold Chain Food Co., Ltd. were announced. The first instance court found that "Sam Weilai" does not constitute similarity to "Sam", and the unfair competition alleged by Walmart is not valid. (E-commerce News)

6. News says Luckin Coffee’s $460 million debt restructuring was approved by the US court

According to reports, Luckin Coffee's debt restructuring plan was reportedly approved by a federal judge in Manhattan, meaning the arrangement established in the Cayman Islands court can be implemented in the United States. According to court documents, holders of $460 million in notes will receive $320 million in cash plus new bonds. The plan also concluded many lawsuits initiated by shareholders after Luckin Coffee was accused of falsely reporting sales. In addition, the company's senior executives are continuing to deal with lawsuits from some shareholders. On December 1, Luckin Coffee announced that the convertible priority notes restructuring plan with an annual interest of 0.75% due in 2025 was voted by the creditors' meeting. (E-commerce News)

7. Additional information will be provided for some eBay categories.

On December 16, eBay issued a notice saying that according to the French law on extending producer responsibility, sellers need to provide some additional information in the publication of some categories of the eBay platform. EPR aims to help reduce and manage waste and promote sustainable development. In the EPR legal summary, the unique identification code refers to the provision of information about the product, any packaging added to the product, and any paper documents added to the parcel; the ecological participation fee, which is the recycling fee for furniture and electronics related categories; the repair score is intended to let the buyer understand the difficulty of product repair. (E-commerce News)

Internet Information

8. Ele.me’s patent license for “display screen with graphical user interface with operating cabinet information”

According to news on December 16, Tianyan Check information showed that Ele.me's affiliated company Lazas Network Technology Co., Ltd. obtained a number of invention patents on December 14, one of which was called "Display screen with graphical user interface with operating cabinet information". The authorization announcement number CN307003054S, and the application date is July 27, 2021. According to the patent summary information, the purpose of this design product is to display the interface, and its design key lies in the graphical user interface content in the product screen. This display is used for mobile phones, tablets and computers. (E-commerce News)

9. Honor CEO Zhao Ming: Global users exceed 180 million

According to December 16, today is the first anniversary of Honor’s independence. At the anniversary celebration of Honor, Honor CEO Zhao Ming revealed that Honor currently has more than 180 million global users. Zhao Ming said that 2021 is the year of Honor’s entrepreneurship and a year of gratitude. In the future, Honor will rely on the 1+8+N full-scenario strategy and strive to upgrade smart life. At the same time, Zhao Ming said that in the upcoming 2022, Honor will continue to move forward in the smart new world, bringing users more amazing products and experiences. Zhao Ming also announced that the Honor membership system has been completely upgraded. (E-commerce News)

10. The e-commerce field welcomes the Douyin box to officially land on the application market

On December 16th, today, Douyin’s independent Douyin e-commerce app Douyin Box was officially launched on iOS and Android systems, logging in to major application markets. According to reports, Douyin Box is a trendy fashion e-commerce platform under Douyin, focusing on style, fashion, shopping, from street culture to high-end fashion, from dressing skills to makeup and skin care.

Tianlong Group (300063) is an authorized agent for ByteMass Engine advertising business, and its agents include Toutiao, Douyin, Xigua Video, Volcano Video and other Internet advertising sales businesses. The company has successively established two short video subsidiaries in joint ventures to strengthen Internet marketing business cooperation with Douyin and Kuaishou. (financial)