#Laogao E-commerce Newsletter# [E-commerce Morning News on July 15]

Morning News: Zhang Yong stepped down as chairman of Alibaba Sports Company; JD Group: JD.com has completed the mandatory acquisition of Chinese logistics assets; Douyin launches the "group purchase and delivery" function and is being tested on a small scale; Douyin e-commerce revises the "TikTok Mall Management Specifications"; Amazon Prime Day sells more than 300 million products...

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

E-commerce newsletter

1. TikTok launches the "group buying and delivery" function and is being tested on a small scale

A Douyin-based Douyin-based restaurant called "BiuuBiu Barbecue Cuisine" shows that starting from July 12, it has released several short video content with the words "Douyin can order takeout". By clicking on the product link attached to the short video interface, you can find that there is an additional function called "group purchase and delivery" in the store. After users select the goods they need to deliver, fill in the address, and pay the order, the purchased food can be delivered to their homes. It is reported that the "group buying and delivery" service is still under test in a small range. Currently, in Shanghai and other places, some merchants have obtained the service permissions. (Tech Planet)

2. Most popular Chinese stocks closed lower on Thursday

According to news on July 15, popular Chinese stocks closed lower on Thursday. Among them, Onion Group fell by more than 18%, Tuniu fell by nearly 9%, Dingdong Maicai fell by more than 8%, Mogujie fell by nearly 7%, Bilibili fell by more than 6%, Dada Group fell by more than 5%, Youxin fell by more than 4%, Vipshop fell by nearly 4%, Autohome fell by more than 3%, Pinduoduo fell by nearly 3%, New Oriental and Ctrip fell by more than 2%, JD.com, BOSS Direct Pin and Manbang fell by more than 1%, and Miniso fell by nearly 1%. At the same time, Yixian E-commerce rose by more than 24%, Secoo and All Things New Life rose by more than 3%, and Daily Youxian rose by more than 1%. (E-commerce News)

3. Suning.com expects EBITDA to exceed 800 million yuan in the first half of the year

According to July 14, Suning.com Group Co., Ltd. released its 2022 semi-annual performance forecast, with the performance forecast period from January 1 to June 30, 2022. Suning.com said that without considering the influence of non-operating cash flow-related factors, the company's EBITDA is expected to be 810 million to 910 million yuan in the first half of the year, of which EBITDA was 260 million yuan in the first quarter and EBITDA is expected to be 550 million to 650 million yuan in the second quarter. After achieving the first positive EBITDA turnover in November 2021, quarterly EBITDA has achieved continuous quarterly growth. (Shenzhen Stock Exchange)

4. Kuaishou Live Disposes 12,643 "pan-vulgar" content accounts

The announcement shows that since July 2022, Kuaishou Live has increased its inspection and disposal for violations such as "bad PK, induce consumption, and vulgar edges". Through multiple channels such as active monitoring and user reporting, it has comprehensively rectified all types of "pan-vulgar" content accounts involving "pan-vulgarity". Among them, 1,986 live broadcasts were blocked and educated anchors were warned and 3,762 live broadcast rooms were blocked in real time, and 1,137 anchors with serious violations were blocked. (quick worker)

5. Douyin e-commerce revised the "Tiktok Mall Management Specifications"

On July 14, Douyin E-commerce today issued an announcement on the revision of the "TikTok Mall Management Specifications". The announcement shows that this specification applies to small store platform merchants whose products enter Douyin Mall, global shopping platform merchants and creators whose content enter Douyin Mall. In terms of product access requirements, merchants require: they must be a merchant operating normally on the platform, that is, they have complied with the relevant basic operating rules such as "Investment Standards and Entry Standards" and "Global Purchase Investment Management Rules"; the merchant experience score is not less than 4.3; the store and its affiliated stores have no historical records of penalties for selling counterfeit goods, publishing confusing information, and making improper profits. (Tik Tok)

Internet news

6. Sequoia China reduces its holdings of about 21.07 million shares of Meituan shares worth about HK$3.9 billion

7月15日消息，据香港交易所资料显示，沈南鹏及红杉中国 在7月8日以185港元/股的价格，减持2107万股美团股票，价值约39亿港元，持股比例从美团上市时12.5%降至2.81%。（澎湃新闻）

7. JD Group: JD.com has completed the mandatory acquisition of China's logistics assets

At the same time, the Hong Kong Stock Exchange has approved the delisting of shares of Chinese logistics assets from the Hong Kong Stock Exchange in accordance with the listing rules. In addition, China Logistics Assets plans to repurchase and cancel all 6.95% convertible bonds of HK$1.109 billion due in 2024 that it listed on the Hong Kong Stock Exchange will apply to the Hong Kong Stock Exchange for delisting from the Hong Kong Stock Exchange in 2024. (JD.com)

8. Zhang Yong stepped down as chairman of Alibaba Sports Company

According to Tianyan Check information, on July 11, an industrial and commercial change occurred in Alibaba Sports Co., Ltd., and Zhang Yong withdrew from the position of chairman and was taken over by general manager Mu Yang. Ali Sports Co., Ltd. was established on September 8, 2015 with a registered capital of approximately RMB 261 million. Its business scope includes sports event planning; sports competition organization; sports broker services; e-sports competition organization; e-sports event planning; Internet sales, etc. (Tianyan Check)

Cross-border information

9. Cross-border e-commerce Shein is reported to be IPO in the United States as early as 2024

On July 15, China's cross-border fashion e-commerce company Shein, which focuses on overseas markets, hopes to hold an initial public offering in the United States as early as 2024. It is reported that Shein's recent executives' moves seem to focus on improving its ESG image and preparing for a public offering. Previously, Shein had sought an IPO in the United States in 2022. The company is currently valued at about $100 billion. Last year, Shein's shopping app downloads exceeded Amazon's in the U.S. store. Investors in the startup include Tiger Global Management, IDG and Sequoia Capital. (Global Market Report)

10. Amazon Prime Day sold more than 300 million items

July 15th news, Amazon said on Thursday that its Prime members purchased more than 300 million items at this year's Prime Day event, making it the largest Prime Day event in the company's history. The e-commerce giant said that during the event, customers purchased more than 100 million small business items in the raffle, spending more than $3 billion. During the event, the world's best-selling categories include Amazon Devices, consumer electronics and household appliances. (Zhitong Finance APP)