#Laogao E-commerce Newsletter# [E-commerce Morning News on December 20]

Morning information:

1. Beijing Meiji Youxian owes China Telecom 8,000 yuan in service fees and is listed as a dishonest debtor;

2. Some express delivery capacity is expected to basically resume by the end of the year;

3. It is rumored online that Xiaomi lay off 6,000 employees by the end of the year, insiders refuted the rumors: it is far less than that large;

4. Dunhuang.com announces product evaluation and growth system;

5. Kuaishou has imposed a total of 468,000 counterfeit accounts...

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

E-commerce newsletter

1. Xiaohongshu's adult strategy of using Merrill Lynch has caused controversy

On December 20, after the "Strategy for buying antipyretic drugs in other places", Xiaohongshu's "Strategy for Adult Use of Merrill Lynch" has caused controversy again. The well-known blogger "Doctor Chen from Obstetrics and Gynecology Department" analyzed that adults can indeed take Merrill Lynch to reduce fever, but when the medicine is insufficient, this move is to compete with children for medicine. (Sina Technology)

2. Kuaishou has imposed a total of 468,000 counterfeit accounts

According to December 19, Kuaishou issued a governance announcement on counterfeit accounts today. Kuaishou said that the platform found that some accounts were impersonating others to attract traffic, maliciously increase fans, and even monetizing and making profits. Such behavior infringes on the legitimate rights and interests of others and greatly affects the user's experience. The platform will continue to crack down on such violations, verify counterfeit accounts through technical means and manual review, and impose penalties on relevant accounts based on the violations, such as banning actions and permanent banning of accounts. Up to now, the platform has imposed a total of 468,000 counterfeit accounts. (Kuaishou Blackboard Newspaper)

3. JD Technology has joined hands with banks to create a rural revitalization-themed agricultural product specialty hall

On December 19, the "CCB Yunong Tongnong Special Pavilion" jointly created by JD Technology and China Construction Bank was officially launched on the JD APP. From 10:00 on December 16 to 12:00 on December 31, users can place an order through the CCB Yunong Tongnong Special Pavilion and participate in the "Food Together" event and enjoy an exclusive subsidy of 5 yuan off for purchases over 30 yuan. CCB card users still have the opportunity to receive another 5-10 yuan payment coupon.

This is the first time that JD Technology has joined hands with banks to create a rural revitalization-themed agricultural product specialty hall. In this cooperation, China Construction Bank Henan Branch leveraged its advantages in outlets and customer groups, selected local agricultural product experience companies, and through on-site inspections by front-line account managers, they ensured corporate compliance experience; JD Fresh Channel was responsible for providing online platform and traffic support, helping 26 local agricultural enterprises settle in JD.com. (Financial News)

Internet news

4. Some express delivery capacity is expected to basically resume by the end of the year

According to news on December 20, insiders of many express delivery companies recently said that the company's transportation capacity is gradually recovering, and some express delivery companies are expected to basically return to normal by the end of the year. Some insiders of express delivery companies also said that when the national transportation capacity will be restored is related to the epidemic prevention department's judgment on the peak of infection in various places. (Pengpai News)

5. Beijing Meiji Youxian owes China Telecom 8,000 yuan in service fees and is listed as a dishonest debtor

According to the news on December 19, Tianyancha App, it showed that recently, Beijing MissFresh E-Commerce Co., Ltd. refused to fulfill its obligations to determine the effective legal documents due to its ability to perform, and was listed as a dishonest debtor. The obligation determined by the effective legal documents shows that the company should pay the Tianjin Branch of China Telecom Group Co., Ltd. 8,000 yuan, and the application fee of 17 yuan will be borne by it. Risk information shows that Beijing Meiji Youxian E-Commerce Co., Ltd. has multiple information on the subject of execution, consumption restriction orders and final case, with a total of more than 1.6 million yuan of execution and a total amount of failure exceeding 4.67 million yuan. (Tianyan Check)

6. It is rumored that Xiaomi lays off 6,000 employees by the end of the year and insiders deny the rumors: It is far less than that large scale.

According to news on December 19, Xiaomi was revealed to have started large-scale layoffs, and the number of people in a single round is estimated to reach 6,000, an area of ​​nearly 20%. In response, some media contacted an insider of Xiaomi on December 19, and the other party responded that "in fact, it is far from such a large scale. The data and false information come from an anonymous rumor on the Maimai platform. The company has collected evidence and started to go through legal procedures." The insider said that layoffs at the end of the year are indeed true, and the legal and compliant process is implemented, and these employees will be compensated for N+2. The unfinished statutory annual leave is converted at a double amount. (Zhongguancun Online)

Cross-border information

7. South African retailer Woolworths sells Australian David Jones department store chain

On December 19, Woolworths Holdings Ltd., the largest supermarket chain operator in Australia, announced on Monday that it had agreed to sell its Australian department store chain David Jones to Anchorage Capital Partners.

Walworth said in a statement that the deal would eliminate about R17 billion ($965 million) of liabilities associated with the David Jones store portfolio, and the final value of the deal will be determined at the end of March, when the deal is expected to be completed.

The company said management is expected to receive returns above the book value of David Jones' assets. Walworth said the company will retain its flagship store in Bourke Street, Melbourne and will lease it to David Jones for a long time under relevant market terms. In addition, a transitional service agreement will be signed to ensure that David Jones is separated from the group in an orderly manner for a period of time. (Global Market Report)

8. From January to November, Hebei's foreign trade exports increased by 13% year-on-year

According to statistics from Shijiazhuang Customs, from January to November this year, Hebei achieved a total value of foreign trade imports and exports of RMB 505.28 billion, an increase of 3.6% year-on-year (same below). Among them, exports were 305.94 billion yuan, an increase of 13%. From January to November, Hebei's imports and exports to ASEAN and the EU grew rapidly. Imports and exports to the United States were 54.42 billion yuan, an increase of 2.4%. In addition, imports and exports to countries along the "Belt and Road" were 173.56 billion yuan, an increase of 23.5%, of which 10.58 billion yuan was 1.1 times. (Yien.com)

9. Amazon's stock price fell, giving up all gains

According to news on December 20, the share price of e-commerce giant Amazon has already given up all the gains caused by the COVID-19 pandemic. As of Monday's closing, Amazon's stock price fell 3.4% to $84.92, the lowest closing price since March 16, 2020. In the early days of the epidemic in 2020, Amazon's stock price rose due to unprecedented online demand. At the height of the pandemic, Amazon received a large number of orders from consumers, as many people avoid going to physical stores and instead purchase daily necessities and non-living items online. (ENECNEWS)

10. Dunhuang.com announces product evaluation and growth system

On December 19, Dunhuang.com issued an announcement stating that the platform has launched a new product growth capability model, namely the "Commodity Evaluation and Growth System" (hereinafter referred to as "Commodity Segment"), guiding merchants to develop and tune products, and accurately match buyers in traffic distribution.

The system conducts a comprehensive assessment of a number of data indicators under the five dimensions of price, expression, trend, product effectiveness and service power of the product, and obtains the quantitative score of the product growth. The product evaluation system is divided into ordinary goods, potential goods and high-quality goods based on the total product growth score, and sets a 0-point commodity standard. 0-point products refer to SKU cheating; freight cheating; product review is intellectual property infringement, ban on sales restrictions; all data and traffic cheating. (Dunhuang.com)