#Laogao E-commerce Newsletter#[E-commerce Evening News on December 5]

Evening information:

1. "Crazy Brother Yang" invested in Anhui to establish a new technology company with a registered capital of 5 million yuan;

2. Suning was sentenced to pay 7.08 million yuan for owing Baidu service fees;

3. Kuaishou E-commerce: During the 2023 New Year’s Goods Festival, 6.6 billion traffic and 1 billion red envelopes will be invested;

4. Xu Jiadong, the former chairman of Cross-border Communication, responded that he was investigated: it was a false accusation;

5. Henan's cross-border e-commerce import and export transaction volume increased by 13.3% in the first 10 months...

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

E-commerce newsletter

1. Taobao mini program connects to Cocos game engine to explore the e-commerce meta universe

According to the official news of Cocos Engine, Cocos recently launched a community version to achieve support for Taobao platform. Content developers and merchants can use the community version of CocosCreator to publish the game to Taobao shopping platform in one click. This is another cooperation between the two parties after the 2022 Taobao Open Ecological Innovation Competition jointly organized by Cocos and Alibaba Taobao Open Platform. According to reports, Cocos provides developers with multiple low-threshold, high-efficiency, cross-platform virtual content production tools, reducing the cost and threshold of the entire production link and actual release link, and providing the industry with a virtual role product line covering virtual role creation and use the entire life cycle. (IT Home)

2. Kuaishou E-commerce: 6.6 billion traffic and 1 billion red envelopes will be invested during the 2023 New Year Festival

According to December 5, Kuaishou E-commerce held the 2023 New Year’s Goods Festival merchant conference today. At the meeting, Kuaishou E-commerce announced that it will provide 6.6 billion traffic and 1 billion red envelopes during the New Year’s Goods Festival to help merchants grow their business during the New Year’s Goods Festival. During this New Year’s Goods Festival, Kuaishou E-commerce has launched four core gameplay methods, including the New Year’s Goods Festival fan-friendly event, the New Year’s Goods Festival’s Top 100 anchors’ ceremony, the authentic New Year’s Goods Category Day, and the commercialization joint construction dividend policy. Merchants at different levels have the opportunity to obtain traffic and red envelope support. (Donews)

3. 1688 Enterprise Products Renamed CRM Products to "Cloud Business Opportunities"

According to December 5, the official WeChat account of 1688 Enterprise Procurement recently issued an announcement stating that in order to provide better services to corporate procurement members, Yuncai Sales has adjusted its digital and intelligent product "Company Procurement CRM" and officially took effect on December 14, 2022. The announcement shows that "Qi Caishang CRM" was renamed "Cloud Business Opportunity", and the original 1688 workbench was updated to a cloud business opportunity workbench. It is recommended that corporate business members migrate the workbench as soon as possible to avoid affecting business development. (1688 rules platform)

4. "Crazy Little Brother Yang" invested in Anhui to establish a new technology company with a registered capital of 5 million yuan.

According to the news on December 5, Tianyancha App showed that on December 2, Anhui Jinzun Shijia Technology Co., Ltd. was established. The legal representative is Du Gang, with a registered capital of RMB 5 million. The business scope includes food Internet sales; daily necessities sales; cosmetics retail; infant formula milk powder and other infant formula food sales; office supplies sales, etc. Shareholder information shows that the company is jointly held by Hefei Sanyang Venture Capital Co., Ltd. and Anhui Xindo Technology Co., Ltd., an affiliated company of "Crazy Little Yang Ge", and Zhang Qingyang indirectly holds about 25.25% of the shares, and is the suspected actual controller. (Tianyan Check)

5. Kuaishou cracked down on 106 illegal videos for disposing of bad content such as showing off wealth and worshipping money

On December 5, Kuaishou issued an announcement on cracking down on bad content such as showing off wealth and worshipping money. The announcement shows that in order to maintain a good platform ecological environment and cultivate a scientific and healthy consumption concept, Kuaishou has always strictly controlled content that conveys bad values ​​such as deliberately showing off wealth and promoting hedonism. I would like to remind all users that you should convey positive and positive content and do not compare. The platform has reviewed accounts involving related violations through technical means and manual review, and imposed penalties on violation users such as reducing recommendations, deleting content, and banning accounts. A total of 106 illegal videos were dealt with, and 23 illegal accounts were handled. (Kuaishou Blackboard Newspaper)

Internet news

6. Xu Jiadong, the former chairman of Cross-border Communication, responded to the investigation: It was a false accusation

On December 5, Cross-border Communication recently issued an announcement stating that the company's former chairman and general manager Xu Jiadong has been investigated by the Wanbolin Branch of Taiyuan Municipal Public Security Bureau for suspected embezzlement. An insider revealed that shortly after the above announcement was released, the person involved, Xu Jiadong, was suspected to have posted a message on his circle of friends to respond: "The allegation of his position as an embezzlement of the company's huge assets in the announcement is a false accusation and frame-up, and is a mistaken elevating economic disputes to a criminal case. I will use all legal means to strive for fairness and justice." The authenticity of the news is still to be confirmed. (AMZ123)

7. Suning was sentenced to pay RMB 7.08 million due to owed Baidu service fees

The document shows that the plaintiff Baidu Company claimed that it had signed two contracts with Suning Company, agreeing that Baidu or its affiliated companies provide Baidu traffic services to Suning Company, and agreed that Suning Company has already issued a service fee, product discounts within the framework period, and Suning Company’s overdue liquidated damages. The payment period for the service fee has now expired, but Suning Company violated the contract and owed Baidu's service fees from November 2020, February 2021 to November 2021. In the end, the court ruled that the two defendants jointly paid more than 7.08 million yuan in technical service fees and corresponding liquidated damages to the plaintiff. (Tianyan Check)

8. 360 Digital Technology will be listed in Hong Kong for the second time

On December 5, 360 Digital Technology was successfully listed on the Hong Kong Stock Exchange with the stock code 03660HK, the issue price was HK$50.03, the opening was HK$50.6, and the highest intraday rating was HK$51.7. Zhou Hongyi, chairman of 360 Digital Technology, said: "360 Digital Technology has entered the Hong Kong stock market and has become a member of the major trend of Chinese stocks returning to Hong Kong. We hope to contribute to promoting the prosperity of the Hong Kong market." It is reported that Zhou Hongyi owns about 14.3% of the equity of 360 Digital Technology and has about 75.0% of the voting rights.

On December 14, 2018, 360 Finance (360 Digital Technology used to be named) successfully landed on Nasdaq. After listing in Hong Kong, 360 Digital Technology has also become the first credit technology platform to complete listing in both places. (Niu Tou)

Cross-border newsletter

9. Shopee Mexico site special goods price list Special goods channel will adjust buyers to pay shipping fees

On December 5, Shopee's official bulletin board issued an announcement today stating that in order to provide sellers with better services, Shopee's special goods price list and special goods channel will adjust the buyer's shipping fee to 14:00 on December 5, 2022. At the same time, all sellers who meet the applicable product categories of this channel can apply for activation. The announcement reminds that the package weight limit is: ≤15KG; the package size requires that the longest side should not exceed 150CM, and the three sides should not exceed 180CM; this freight adjustment does not involve changes in the seller's collection price; this channel is open to registration for all sellers who meet the categories of shipable goods; if you want to apply for the opening of a special product channel using the special product price list, you can contact the account manager to apply for the opening. (Shopee official bulletin board)

10. Henan's cross-border e-commerce import and export transaction volume increased by 13.3% in the first 10 months

According to the report on December 5, data from the Henan Provincial Department of Commerce showed that in the first 10 months of 2022, the import and export transaction volume of cross-border e-commerce in Henan Province reached 188.74 billion yuan, an increase of 13.3% year-on-year, far exceeding the expected target. In October, the import and export transaction volume was 18.35 billion yuan, an increase of 16.5% year-on-year, providing strong support for stabilizing the foreign trade market.

It is reported that since 2022, the scale of e-commerce entities in Henan Province has continued to grow and the trade market has continued to expand. As of the end of September, 8,541 new registered e-commerce companies were added in the province, with a total of 44,065 registered companies. According to the Henan International Trade "Single Window" platform, the United States, South Korea, Japan, the United Kingdom and France are currently the top five trading partners in Henan Province's cross-border e-commerce business volume. It is worth noting that among the top ten trading partners, RCEP member states occupy three seats, becoming an important emerging trade market in Henan Province. (China Economic Network)