#Laogao E-commerce Newsletter# [E-commerce Morning News on December 28]

E-commerce information: Apple closed all retail stores in New York and could not pick up goods in the store; many express delivery companies announced that it would not close during the Spring Festival; 17.398 million LeTV stocks held by Jia Yueting will be sold online; Dingdong Maicai launched "warm-up quick-wearing dishes"...

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E-commerce newsletter

1. Several express delivery companies announced that they will not close during the Spring Festival

During the Spring Festival in 2021, affected by the epidemic, under the advocacy of "celebrating the New Year at home", many consumers stayed at their workplace to celebrate the New Year, which resulted in a lot of online shopping demand. The couriers also actively responded to "celebrating the New Year at home" and continued to provide normal express services during the Spring Festival. The industry predicts that during the Spring Festival in 2022, the express logistics industry will continue to adhere to the "no closing during the Spring Festival" to meet the needs of consumers for New Year's delivery. (E-commerce News)

2. Jia Yueting's 17.398 million LeTV shares will be sold online

According to December 28, yesterday, the reporter learned from Alibaba Auction that the 17.398 million LeTV shares held by Jia Yueting will be auctioned online on the Alibaba Auction Platform on January 5, 2022, with a starting price of 12.5265 million yuan. It is worth noting that the auction page shows that the appraisal price of the above equity is 25.9229 million yuan, so the starting price is 50% discount to the appraisal price. (E-commerce News)

3. Xi'an City interviewed more than 20 e-commerce companies including JD.com, Meituan, Hema, etc.

On December 28, yesterday, a reporter from Xi'an Daily learned from the 38th press conference on the prevention and control of the new coronavirus pneumonia in Xi'an that in response to the recent rise in prices of some commodities such as vegetables and have risen due to the recent impact of the epidemic, the Xi'an Market Supervision Bureau has taken a number of measures to strengthen price supervision and severely crack down on illegal business activities such as price gouging. (E-commerce News)

4. The first domestic automotive-grade express unmanned vehicle test, ZTO plans to move to urban roads in 2-3 years

On December 27, according to "Matrix Data Technology", today, the driverless express logistics vehicle "Trail Blazer" developed by Matrix Data Technology launched internal testing of application scenarios at ZTO Express headquarters. It is understood that this express unmanned vehicle is China's first automotive-grade unmanned express logistics vehicle. It drives in motor vehicle lanes with a designed speed of more than 70 kilometers per hour and a vehicle's cruising range of 240 kilometers. It is understood that domestic express unmanned vehicles have been widely used in terminal delivery, such as ZTO, YTO, Cainiao, China Post, Suning, JD.com, etc., all have layouts. (E-commerce News)

Cross-border newsletter

5. Apple closes all retail stores in New York and cannot pick up goods in the store

According to reports on December 28, Apple has now decided to close all stores in New York City, including flagship stores on Fifth Avenue, Central Station, and Soho Commercial District, as the Omickron mutation strain caused a surge in global COVID-19 cases. These stores will continue to offer in-store pickup services for online orders, but customers can no longer enter the shopping. Last week, Apple closed seven stores in Atlanta, Houston and New Hampshire due to the spread of COVID-19 among employees. (E-commerce News)

6. FunPinPin, an independent station SaaS service platform, received a USD Series A financing of tens of millions

On December 28, according to 36Kr, recently, FunPinPin, an independent website building SaaS service platform, recently received a USD A round of financing of tens of millions of US dollars. This round of financing was led by Innovation Works, and Wanshi Capital served as a financial advisor. The financing funds will be mainly used for product research and development and market expansion, including Amazon boutique sellers and DTC sellers. According to information, FunPinPin was established in 2020 and is committed to providing Chinese merchants with site solutions from website building to marketing. (E-commerce News)

7. US second-hand commodity retailer Savers intends to list on the New York Stock Exchange

It is understood that Savers is the largest chain of second-hand commodity retailers in the United States and Canada. It was founded in 1954. Its headquarters is located in Bellevue, Washington, USA. Currently, each brand operates a total of 306 stores, mainly selling second-hand low-priced clothing, household goods, textiles, books, etc. It is worth mentioning that as of September 2021, on TikTok alone, the brand tags of Savers, Value Village, Village des Valeurs and Thrift Proud were naturally viewed by more than 75 million times. (E-commerce News)

Internet Information

8. Xiaohongshu invests in coincidence mortise and tenon building blocks and holds about 21% of the shares

According to news on December 27, Tianyan Check information showed that recently, Beijing Coincidence Monolith Culture Technology Co., Ltd. had an industrial and commercial change, with a new shareholder Xiaohongshu Technology Co., Ltd. holding about 21%. At the same time, the company's registered capital increased to about 2.5333 million yuan. Tianyan Check information shows that Beijing Qiaohe Monolith Culture Technology Co., Ltd. was established in November 2020. The legal representative and suspected actual controller are Sun Yuqian. The business scope includes software design; model design; packaging and decoration design; arts and crafts design; commissioned processing of toys, crafts, etc. It is understood that coincidental building blocks are Chinese mortise and tenon building blocks toy brands. (E-commerce News)

9. Dingdong Maicai launches "warm-up quick-shou dish"

According to the news on December 27, it is reported that due to the drop in temperature, the order volume of fresh food e-commerce companies such as Dingdong Maicai has increased significantly. Dingdong Maicai said that in response to the possible increase in demand caused by this cold wave, Dingdong Maicai's actual supply of vegetables and pork products required by citizens is about 50% higher than usual plan, ensuring that citizens' "vegetable basket" is sufficient and stable. At the same time, Dingdong Maicai has also launched a "warm-up quick-shou dish" series, including mutton soup, matsutake abalone juice, Cantonese old braised beef miscellaneous pot, light-hearted chicken soup, hand-catch beef big bone and other quick-shou dishes. Data shows that the product has been popular since it was launched, with sales volume rising by more than 300% month-on-month on the weekend. (E-commerce News)

10. Suning: Repay 1% of the principal of employees' loans and strive to repay them by the end of June next year

On December 27, today, Suning Group issued an internal letter to all Suning Group's industries and Suning.com employees involved in internal loans, saying that Suning Group has continued to raise funds to repay internal loans for employees in the near future. According to the funds raised, 1% of the principal of employees' loans has been repaid today. The internal letter pointed out that the group strives to repay the entire principal before June 30, 2022. Suning Group also stated that it always regards repaying employee loans as the top priority, and the funds raised will be repaid in a timely manner once they are in place. (E-commerce News)