#Laogao E-commerce Newsletter# [E-commerce Morning News on April 24]

Morning News: Simba denied that consumers can receive a full refund; Zhao Danyang, former vice president of Kuaishou, received bribes totaling more than 7.56 million yuan; Yu Minhong denied that Luo Yonghao was fired by New Oriental: he left by himself; Cyberspace Affairs Office: In March, platforms such as Douyin and Xiaohongshu accepted 373,000 reports of online infringement; China Post released the 2022 rural e-commerce development deployment...

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E-commerce newsletter

1. Jingxi launches special services such as "bad compensation" and "latest compensation"

It is understood that in some trial run cities, when users purchase fruits, eggs and other products with the "bad must be compensated" mark, if they encounter problems such as transportation damage and product quality, they can apply for refund and subsidy services, and they can enjoy compensation after successful review. In addition, in some trial group points, when users purchase products with the "reward must be compensated" sign, if the product is delivered to the group point later than the promised time on the page, they can apply for subsidy services within 24 hours of the product reaching the group point. (E-commerce News)

2. JD.com issued the first ABS project for epidemic prevention and control issuance scale of 1 billion yuan

On April 23, recently, Shanghai Banghui Commercial Factoring Co., Ltd., a subsidiary of JD Technology Group, was the original stakeholder, Huatai Securities Asset Management Co., Ltd. served as the plan manager, and Guotai Junan Securities served as the joint sales agency, JD Technology-Jingcheng Series No. 6 Phase 3 Supply Chain Factoring Contract Debt Asset Support Special Plan was successfully issued with an issuance scale of 1 billion yuan. It is reported that this project is the first securitization project for epidemic prevention and control theme in the entire market since 2022, and it is also JD.com's first ABS project for epidemic prevention and control. (E-commerce News)

3. Zhao Danyang, former vice president of Kuaishou, was involved in the bribes totaling more than 7.56 million yuan.

According to the news on April 23, a few days ago, the first-instance judgment published by the Beijing Court Trial Information Network showed that former Kuaishou Vice President Zhao Danyang was sentenced to seven years in prison for accepting bribes and embezzlement of office by non-state staff, with a total amount of more than 7.56 million yuan involved. The document shows that before the incident, Zhao Danyang was the head of the Kuaishou Research Institute of Beijing Dajia Internet Information Technology Co., Ltd. and was detained on July 15, 2020 for suspected crimes of embezzlement and embezzlement. He was arrested on July 31 of the same year for suspected crimes of bribery by non-state staff and embezzlement. (E-commerce News)

4. Simba denies that fake sales can be refunded in full

On April 23, in response to the incident of Simba's live broadcast room selling counterfeit YPL yoga pants, Xinxuan's official Weibo account posted this morning that it had conducted further verification. The incident was caused by disputes between the trademark holder before and after the trademark transfer and does not belong to a fake product. Consumers can contact customer service to apply for a full refund. Xinxuan said that the original holder of the YPL trademark was Australian Health Industry Co., Ltd. Harbin Aoshengyuan Trading Co., Ltd. obtained the authorization of the company on January 1, 2021 to produce, sell, use and promote YPL trademarks. The authorization period is from January 1, 2021 to December 31, 2026, and the authorization is transferable. (E-commerce News)

5. China Post releases the 2022 rural e-commerce development deployment

According to April 23, on April 19, the 2022 National Postal Rural E-commerce Development Promotion Conference was held in Beijing, and China Post released the 2022 rural e-commerce development deployment. It is understood that in 2021, the average monthly active users of China Post Post Platform exceeded 23 million, and the annual GMV exceeded 9 billion yuan; in terms of capacity building, 718 counties completed the construction of a three-level logistics system, built 2,191 county, township and village e-commerce warehouse distribution centers, and built 100 agricultural product production warehouses. (E-commerce News)

6. Taobao launches "Love Without Traces" 2022 Nature Education Week

April 23rd news, April 22 is the 53rd Earth Day. Alibaba Public Welfare and the Ministry of Natural Resources Propaganda and Education Center released the "Love and No Trace" Natural Education Week video. At the same time, we also jointly built a waste-free city with the Hangzhou Ecological Environment Bureau to help the Green Asian Games. From April 18th to April 24th, search on Taobao for "Love Without Traces" to learn more about the event. In addition, Alibaba Charity invited 10 well-known trendy toy managers to help 10 nature conservation projects. On May 22, the joint trendy toy artwork will be released on Tmall. (E-commerce News)

7. Cyberspace Administration of Information: In March, Douyin, Xiaohongshu and other platforms accepted 373,000 reports of online infringement.

On April 23, the Central Cyberspace Administration of Illegal and Bad Information Reporting Center recently guided major domestic commercial websites to fulfill the main responsibilities of the platform, open up reporting channels, and actively accept and deal with reports on network infringement. It is understood that in March 2022, major commercial website platforms such as Weibo, Douyin, and Xiaohongshu focused on accepting 373,000 reports on online infringement such as leaking other people's privacy, spreading rumors, slander, insulting and insulting. Weibo effectively handled 316,626 user infringement disputes, Zhihu verified and handled 7,542 infringement violation information, and Xiaohongshu handled 2,688 user complaints and infringement information. (E-commerce News)

8. Douyin e-commerce launches the column "Anti-counterfeiting dou knows good books and new knowledge"

According to April 23, today is the 27th "World Books and Copyright Day". The "Anti-Counterfeiting Dou Knows Good Books and New Knowledge" column launched by Douyin E-commerce and the Beijing Edition 15th Society Anti-Piracy Alliance was officially launched on the Douyin platform. This column will work with the publisher to carry out knowledge explanations on the theme of "New Books, Good Books, Anti-counterfeiting and Truth Appraisal", popularize genuine book knowledge, and help readers effectively identify pirated books. (E-commerce News)

Internet news

9. Yu Minhong denied that Luo Yonghao was fired by New Oriental: he left by himself

According to the boss's broadcast, on the evening of April 22, Yu Minhong denied that Luo Yonghao was fired by New Oriental during the connection, saying that he left by himself. Yu Minhong said that it is impossible to stop people with entrepreneurial ideas when they are willing to go out and start a business. On April 21, Yu Minhong posted on his personal official account: Today he is still convinced himself that New Oriental is meaningful and that his efforts and efforts are worth it. Previously, Yu Minhong issued a document to clarify the rumors of "withdrawing from New Oriental". (E-commerce News)

Cross-border information

10. Wedbush gives Amazon a target price of $3,950 for "outperforming the market"

It is understood that in the fiscal quarter ended December 31, 2021, Amazon's net profit was US$14.323 billion and diluted earnings per share was US$27.75, which was better than the same period last year. In the fourth quarter of fiscal 2020, Amazon's net profit was US$7.222 billion and diluted earnings per share was US$14.09; operating profit in the fourth quarter was US$3.46 billion, compared with US$6.873 billion in the same period last year. (E-commerce News)