#Laogao E-commerce Newsletter# [E-commerce Morning News on January 6]

Morning News: Alibaba, Tencent, JD.com, was punished by antitrust; TikTok data report: 1.793 million agricultural products were sold nationwide in 2021; Secoo denied that it was filed for bankruptcy and said it would retain the right to hold accountable; US e-commerce Etsy announced the update of the seller's payment account; in response to the "Qinglang" action, Xiaohongshu banned 39 suspected marketing brands...

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

E-commerce newsletter

1. Alibaba, Tencent, JD.com B is punished for anti-monopoly

On January 6, the State Administration for Market Regulation failed to declare the administrative penalty decision on the case of the establishment of a joint venture between Beijing Youhu Technology Development Co., Ltd., Bilibili Co., Ltd.'s acquisition of VERSA Inc., Hangzhou Ali Venture Co., Ltd., etc., for the acquisition of Guizhou Pan Asia Info Network Technology Co., Ltd., Ningbo Yuheng Health Investment Co., Ltd. and Jiangsu Bangneng Investment Management Co., Ltd.'s establishment of a joint venture without reporting the administrative penalty decision for illegally implementing operator concentration in accordance with the law. (Yibang Power)

2. "Popular Star Selection" of Douyin e-commerce's leading supply chain SaaS service provider received A+ round of financing from 100 million yuan

According to 36Kr, recently, "Popular Star Selection", the leading SaaS service provider of Douyin e-commerce, received a billion-level A+ round of financing led by Meihua Venture Capital and followed by Zhiming Capital. It is reported that this is the fourth round of financing completed within one year of the establishment of Hot Star Selection, with a cumulative financing amount of hundreds of millions of yuan. Public information shows that Popular Star Selection was established in October 2020. It is a SaaS platform that focuses on serving live e-commerce, and connects to experts, brands and content e-commerce platforms such as Douyin/Kuaishou through the SaaS system. (E-commerce News)

3. TikTok data report: 1.793 million agricultural products will be sold nationwide in 2021

The report also shows that in 2021, netizens "attend" open classes in colleges and universities on Douyin, with a total viewing time of more than 1.45 million hours. According to the number of live viewers of colleges and universities, Tsinghua University, Peking University and Xiamen University ranked in the top three. (E-commerce News)

4. Secoo denied that it was filed for bankruptcy and said it would retain the right to hold it accountable

On January 5, in response to the report released by the media today about "Seku was filed for bankruptcy and reorganization, and a total of 153 million shares were frozen", Seku told the reporter of the Science and Technology Innovation Board Daily: "Today, our company found that some media released news about the 'Seku Group being filed for bankruptcy'. After verification, the above situation does not exist, and the company will reserve the right to hold it accountable. (E-commerce News)

Cross-border newsletter

5. Amazon and Stellantis order large batches of electric delivery cars

On January 6, Amazon announced an agreement to purchase electric delivery vehicles on Wednesday, this time with Stellantis, which was formed last year by the merger of Fiat Chrysler and Peugeot Citroen. Under the agreement, Amazon will become Stellantis's first commercial customer of Ram ProMaster electric vehicles. The electric van is expected to begin production in 2023. The statement does not provide specific figures about the deal, but says the deal will "get thousands of Promasters on the road every year." (E-commerce News)

6. Korean e-commerce Coupang announces increasing Wow member subscription fees

According to foreign media reports, South Korean e-commerce giant Coupang recently announced that it will increase the monthly subscription fee for Wow members, and its monthly subscription fee will be increased from 2,900 won to 4,990 won. In addition to Wow members, CoupangEats, an online food platform under Coupang, has also changed its commission discount plan for restaurant members to charge a proportional service fee, which can be regarded as a disguised increase in service commissions. Experts believe that since its listing in New York in March last year, Coupang, which has been under tremendous profit pressure, has decided to change its strategy and improve its revenue capabilities. Currently, Coupang has more than 5 million Wow members. (E-commerce News)

7. US e-commerce Etsy announced the update of seller payment accounts

According to January 5, recently, the US e-commerce Etsy issued an announcement, announcing a series of improvement measures.

It is reported that Etsy has brought sellers a brand new planning Etsy payment report. Etsy improved its financial summary to make it easier for sellers to understand their financial situation and said it also added "tool tips" and descriptors to all fees, making it easier for sellers to understand what Etsy charges and why.

"We have redesigned ways to summarize and present the seller's financial situation, making it easier for sellers to understand and use information about sales, expenses and profit margins," Etsy said. According to reports, Etsy's activity summary is now divided into four parts: sales, expenses, marketing and shipping. It also noted that "it is important to note that sales tax/VAT will appear in the corresponding section of the seller's summary." It should be noted that these changes only apply to reports after 2022. Etsy explains in the FAQ why it did not apply the revised planning to reports from previous years. (E-commerce News)

Internet Information

8. Luo Yonghao: All debts will be announced as soon as possible after paying them back.

On January 5, in response to Tianyan Check, the person who was executed, the person who was executed, the person who was executed, and the person who was restricted from high consumption, he responded to a friend's live broadcast room: I'm very happy to see "Teacher Luo was executed," but the information that was executed does not mean that the debt has been fully repaid. Teacher Luo is still working hard to pay off the company's debts as planned. Afterwards, Luo Yonghao forwarded the Weibo post and said that the debt repayment will be announced as soon as possible, "After all, we are more anxious than anyone else to complete this." (E-commerce News)

9. Tencent WeChat Payment: Both personal payment code and merchant payment code can be used normally at present

On January 5, Tencent WeChat Pay issued an announcement to explain the current use of the payment barcode. WeChat Pay stated that both the personal payment code and the merchant payment code can be used normally at present. If relevant adjustments are involved in the future, they will be notified separately. On October 13, 2021, the People's Bank of China issued a notice, putting forward new requirements for the management of payment barcodes and setting up a transition period. (E-commerce News)

10. Responding to the "Qinglang" action, Xiaohongshu banned 39 suspected marketing brands

According to January 5, Xiaohongshu recently responded to the special action of "Qinglang: Cracking against traffic fraud, black public relations, and online water army" and launched a new round of "false marketing" governance special project. After the first batch of bans of 29 brands suspected of illegal marketing, on January 5, the Xiaohongshu platform carried out the second batch of "false marketing" governance, and 39 consumer brands, medical beauty institutions and medical beauty products brands suspected of illegal marketing were banned. Compared with the first batch of banned brands, Xiaohongshu's second batch of governance scope has expanded to offline commercial entities, from consumer goods brands to offline medical beauty institutions and medical beauty products brands. (E-commerce News)