#Laogao E-commerce Newsletter# [E-commerce Morning News on April 8]

Morning news: Most popular Chinese stocks closed on Thursday and fell by Yixian E-commerce fell by more than 10%; TikTok continued to launch special operations to crack down on rumors and dealt with 2,171 violation videos; JD Logistics has sent more than 100,000 drugs and epidemic prevention materials to Shanghai; planning a new round of financing: SHEIN sprinted to a valuation of 100 billion US dollars; TikTok Dublin European Data Center will be put into operation early next year...

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

E-commerce newsletter

1. Most popular Chinese stocks closed on Thursday and fell by Yixian E-commerce fell by more than 10%.

According to news on April 8, most popular Chinese stocks closed down on Thursday, with the Nasdaq China Golden Dragon Index closing down 4.45%. Among them, Yixian E-commerce fell by more than 10%, Dingdong Maicai fell by more than 9%, Manbang fell by more than 8%, Vipshop fell by more than 7%, Daily Youxian and Xinyang fell by nearly 7%, Pinduoduo and Dada Group fell by more than 6%, BOSS Direct Recruitment, Ctrip, Gaotu, and Maverick Electric fell by more than 4%, Alibaba, JD.com, Autohome, Mogujie, Monster Charging fell by more than 3%, and Best Group fell by more than 1%. In addition, Tuniu rose by 2%. The Dow Jones Industrial Average rose 87.06 points, or 0.25%, to 34,583.57 points; the Nasdaq rose 8.48 points, or 0.06%, to 13,897.30 points; the S&P 500 rose 19.06 points, or 0.43%, to 4,500.21 points. (E-commerce News)

2. JD Health’s “Drug Help Registration Platform” receives more than 24,000 help messages in a week

According to April 7, in order to alleviate the inconvenience of chronic disease patients in some parts of the country to purchase medicines, JD Health launched the "Drug Help Registration Platform" on March 31. As of April 6, the platform has received more than 24,000 drug help information from patients with chronic disease in Shanghai. JD Health said that since April, JD Health has worked with JD Logistics to promote the "Drug Help Registration Platform" fulfillment service, and many of the drug needs of helpers have been gradually resolved. In addition, JD Health has also launched the "Epidemic Prevention Treasure Box" area, providing epidemic prevention policies and popular science, online consultation, pharmaceutical services, etc. (E-commerce News)

3. TikTok continues to carry out special operations to crack down on rumors and deal with 2,171 violation videos

According to April 7, today, the Douyin Security Center issued an announcement to continue to launch a special campaign to combat rumors. Douyin stated that it continues to pay attention to information related to epidemic prevention and control, strengthens verification of suspected false information, and actively carries out rumor refutation work while checking and cleaning up the platform's relevant illegal information, and dealing with it in a timely manner in accordance with the "TikTok Community Self-Discipline Convention" to maintain communication order and clear cyberspace. (E-commerce News)

4. Kuaishou has dealt with 893 violations in Shanghai.

On April 7, Kuaishou issued an announcement on the governance of illegal content related to the epidemic in Shanghai. Kuaishou said that recently, when the platform has continued to pay attention to information related to epidemic prevention and control and investigated and cleaned up relevant violations, it was found that some users spread rumors and information on the platform, provoking public sentiment. Such behaviors seriously disrupted the platform's ecological order and interfered with epidemic prevention and control work. The platform promptly dealt with relevant violations. It is understood that Kuaishou has dealt with a total of 893 violation information and has permanently blocked 7 accounts. Kuaishou advocates users to consciously abide by laws and regulations and create a good network environment. (E-commerce News)

Internet news

5. Zhi Ying, the head of Douyin operation, took over the cashing business of Byte's commercialization department.

On April 8, according to "LatePost", the Star Map of the cashing business of ByteDance, an expert who was originally affiliated with ByteDance's commercialization department was handed over to Zhi Ying, the head of Douyin operation, to report to Zhang Nan, CEO of ByteDance China and head of Douyin BU. It is understood that in March 2020, on the occasion of ByteDance's eighth anniversary, founder Zhang Yiming decided to retire from China and position himself as ByteDance's global CEO. At the same time, Zhang Nan became the CEO of ByteDance China, comprehensively coordinating the company's Chinese business products, operations, market and content cooperation, including Toutiao, Douyin, Xigua Video, Search and other businesses and products. (E-commerce News)

6. JD Logistics has delivered more than 100,000 drugs and epidemic prevention materials to Shanghai

On April 7, JD Logistics recently transported medical supplies including chronic disease drugs and Lianhua Qingwen granules, protective clothing, N95 masks, isolation masks and other medical supplies to Shanghai in the form of a special person and a special car. At present, more than 100,000 drugs and epidemic prevention materials have been delivered. According to reports, in addition to assisting governments, hospitals and other institutions, JD Logistics has also actively provided assistance in the face of users' urgent drug use needs. In addition, JD Logistics also urgently transported smart express vehicles arrived in Jiading and Pudong New Areas in Shanghai, providing material transportation services for the blocked communities in the area. So far, JD Logistics has put dozens of smart express vehicles into Shanghai. (E-commerce News)

Cross-border information

7. TikTok Dublin European Data Center will be put into operation early next year

According to reports on April 8, TikTok has reportedly signed a contract to establish a data center in Dublin, which will store data for users in the UK and Europe. TikTok confirmed the matter on April 6 and expected the center to be operational early next year, with business gradually increasing over time. It is understood that TikTok shared its first plan to build a data center in August 2020, with an initial estimated cost of 420 million euros, with a deadline of early 2022. However, the investment is now believed to be worth about €600 million due to increased capacity. In addition, the project is facing delays related to the epidemic. (E-commerce News)

8. Planning a new round of financing: SHEIN sprints to valuation of 100 billion US dollars

April 8 news, recently, according to foreign media reports, China's cross-border fashion e-commerce company SHEIN is planning a new round of financing, with a target valuation of about US$100 billion. It is reported that SHEIN is currently negotiating with some potential investors, including General Atlantic (President Atlantic), and the new round of financing has raised about US$1 billion. After this fundraising, its valuation may reach US$100 billion, which will exceed the valuation of famous European and American fast fashion brands H&M and Zara, becoming the world's third largest unicorn company. In response, SHEIN also responded, saying that he "does not comment on market rumors." Compared with his denial of the news of "listing in the United States", SHEIN's response this time seems to have "leave room for space". (AMZ123 Cross-border E-commerce)

9. Amazon's trademark sack incident has affected the account and cannot complete the new brand registration

According to a recent report on April 8, according to cross-border sellers, after 15,000 brand trademarks broke out last year, when the seller applied for brand registration, he was prompted as "brand abuse" and could not be registered. Even if a new brand has been re-issued recently, the brand registration is still not possible. In addition, many sellers have reported that they have encountered the same situation: "The company has two sets of accounts, and I have not seen where to appeal at the moment." "There is a high probability that the store and brand are marked by Amazon, and the re-registration of a clean trademark will fail in the store filing." "Using the original brand to register on the small account and then authorizing the original store will result in the brand rights of the small account store being directly blocked, and there is no complaint channel." Some sellers also suggested that in the face of this situation, the most convenient way is to re-register a new account and then register the brand. (AMZ123 Cross-border E-commerce)

10. Outdoor equipment brand Naturehike completed nearly 100 million yuan in financing

According to April 7, outdoor equipment brand Naturehike recently completed a financing of nearly 100 million yuan, exclusively invested by Zhongding Capital. This is the first time the company has received external investment. Founded in 2010, Naturehike is a company originated in China and providing one-stop outdoor equipment and travel products to the world. It has always focused on the development and sales of hiking, camping, mountaineering and other products. Among them, tents, tables and chairs, sleeping bags, air cushions and other products have won the first place in Tmall's single-category sales many times. In addition, Naturehike's products are sold overseas, covering 68 countries including South Korea, Japan, Australia, etc. In 2020, it was named the top ten new domestic products overseas in Tmall's annual overseas products. According to public information, Zhongding Capital was established in 2010, focusing on industrial Internet investment with supply chain innovation as the core, focusing on two major investment themes: "industry digitalization" and "consumption upgrade". The total management scale is nearly 30 billion yuan. The investment companies include Chenguang Stationery, Xiaopeng Motors, Jiaonai, Usmile, Tim Hortons, etc. (Yibang Power)