#Laogao E-commerce Newsletter# [E-commerce Morning News on December 7]

Morning information:

1. Huang Guangyu was exposed to verbally insulting the salary-seeking employee, and physical conflicts occurred on the spot;

2. The online and offline price difference between Lianhua Qingwen Capsules is as high as 50 yuan;

3. Meituan was sold by southbound funds for a net sale of HK$831 million today;

4. According to reports, SHEIN has begun to test the membership system in the United States;

5. Amazon reaches a settlement agreement with EU antitrust regulators...

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E-commerce newsletter

1. Tmall Good House officially settled in Shangqiu

On December 7, Tmall Haofang Shangqiu Station was officially launched today, and Tmall Haofang's second-hand housing business expanded to the 78th city. Shangqiu Ruizhai Real Estate Agency Co., Ltd. and Tmall Haofang have officially signed a contract. In the future, the two parties will work together to work together to promote the development of Shangqiu's real estate market and bring a better service experience to local home buyers. At present, Tmall Haofang second-hand houses are accelerating the deepening of the national layout, and put forward a strategic plan of "100 cities and 100 stores". They will enter many cities such as Shenzhen and Weihai within the next month, and will continue to promote cooperation in other cities. (Tmall Good House Second-hand House Rental)

2. Alibaba appointed independent director Wu Gangping as chairman of the Audit Committee

On December 6, Alibaba announced on the Hong Kong Stock Exchange tonight that it would appoint Wu Gangping, an independent director and member of the audit committee, as the chairman of the company's audit committee, which will take effect on December 6, 2022. It is understood that last month, Alibaba issued an announcement on the change of the board committee membership of the Hong Kong Stock Exchange, appointing independent director Li Yunlian as chairman of the company's nomination and corporate governance committee, and independent director Wu Gangping as a member of the company's audit committee, both effective on November 16, 2022. (Alibaba official)

3. Meituan was sold by southbound funds today for HK$831 million

According to December 6, southbound funds net purchases of HK$2.836 billion today. Yingfu Fund, BYD Co., Ltd. and Ping An Good Doctor received net purchases of HK$3.676 billion, HK$255 million and HK$200 million respectively. Meituan ranked first in net sales, with an amount of HK$831 million. (First Financial Daily)

Internet news

4. Huang Guangyu was exposed to verbally insulting employees for salary, and physical conflicts occurred on the spot

On December 5, Gome founder Huang Guangyu was asked for salary by Gome employees, and nearly 100 employees surrounded the office on the 36th floor of Pengrun Building. A Gome employee said that after being blocked, Huang Guangyu appeared at the negotiation site at 8 pm. During the negotiation, he insulted the employees who asked for salary and said that "the employees are shameless", which led to physical conflicts between several employees and Huang Guangyu's security guards, and the police then mediated. Gome has no response until publication. (Phoenix Technology)

5. Popular Chinese stocks rose more than 19% on Tuesday

According to news on December 7, popular Chinese stocks rose more on Tuesday, with the Nasdaq Golden Dragon Index closing up 1.3%. Tuniu rose by more than 19%, Shuidi Company rose by more than 13%, Monster Charging rose by more than 11%, Juhao Mall, Gaotu, Zhihu rose by more than 6%, iQiyi rose by more than 5%, Ideal Auto, Bilibili, 360 Digital Technology rose by more than 4%, and Beike, Miniso, Tencent Music, Vipshop, etc. rose by more than 3%. (Sina Finance)

6. Luckin Coffee starts a new round of new retail partner recruitment plans

According to December 6, Luckin Coffee recently launched a new round of new retail partner recruitment plans. The recruitment plan is open to 41 cities in nine provinces, including Anhui, Henan, Heilongjiang, Jilin, Liaoning, Inner Mongolia, Shandong, Shanxi and Shaanxi. Luckin Coffee’s latest financial report shows that in terms of stores, in the third quarter, Luckin Coffee opened 651 new stores. In the third quarter, Luckin Coffee's self-operated store revenue was 2.7614 billion yuan, an increase of 53.9% from RMB 1.7947 billion in the same period in 2021. Luckin Coffee earned 576 million yuan in sales of materials to joint stores, and revenue from delivery services of US$106 million. The joint stores contributed about 145 million yuan in profit sharing. (luckincoffee Luckin Coffee)

7. The online and offline price difference between Lianhua Qingwen Capsules is as high as 50 yuan

Recently, various places have successively introduced measures to optimize and improve epidemic prevention and control. During the interview, a reporter from the First Financial Daily found that there were an increase in customers who purchased antiviral drugs, antipyretics, cough medicines, and cold medicines in some pharmacies or e-commerce platforms across the country, and the supply of some drugs was out of stock, and some drugs such as Lianhua Qingwen and ibuprofen were significantly out of stock.

It is worth noting that the price of Lianhua Qingwen reported by some online pharmacies has risen significantly. For example, the price of Lianhua Qingwen (36 pills) is as high as 75 yuan per box, while the price of offline pharmacies is around 22 yuan, and the difference between this is as high as more than 50 yuan. (First Financial Daily)

Cross-border information

8. Shopee: Brazilians plan to spend 700 reais on Christmas

According to a survey by Shopee, Brazilians intend to spend an average of 700 reals on Christmas gifts. The survey shows that 70% of these consumers will make purchases through e-commerce. Half of the respondents plan to buy souvenirs three weeks in advance, while 25% will buy them within two weeks of Christmas. The other half of the respondents said that they have not yet confirmed the gift purchase list. However, 94% of respondents said they would buy gifts for their family, 31% would buy gifts for their friends, and 16% would choose to buy gifts for their partners. Toys, women's clothing and shoes are the most popular in the gift category. (AMZ123)

9. News says SHEIN has begun testing the membership system in the United States

According to the exclusive report on December 7, according to "New Entropy", SHEIN recently began to test the membership system in the United States and launched the "SHEIN CLUB". Users spend $6.99 per quarter and can enjoy exclusive 15% off discounts and other discounts for more than 100,000 items. SHEIN has not yet launched a membership system in other countries and regions, but it is expected that it will be gradually launched in the future. (New Entropy)

10. Amazon reaches settlement agreement with EU antitrust regulators

According to December 7, the EU antitrust regulator has reached a final agreement with Amazon. Amazon has reportedly agreed to increase visibility of competitor products in its "buy box", which has stimulated most of the site's purchases. In addition, as part of the settlement agreement, sellers using Amazon Prime membership will not be locked in Amazon’s logistics services and can negotiate terms directly with different services. The deal is expected to be announced on December 20 and the date is subject to change. The European Commission said the investigation is underway. (36Kr)