#Laogao E-commerce Newsletter# [June 5th E-commerce Morning News]

Morning information:

1. Kuaishou: Launch a RMB counter, which will take effect on June 19;

2. Douyin cracks down on "false selling miserable content" and prohibits public welfare accounts from being monetized;

3. Restarting Tianya live broadcast event in seven days and seven nights raised 200,000;

4. Amazon will have nearly 100,000 sellers to update their backend verification information;

5. eBay launches authentic certification services for street clothing;

...

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

E-commerce newsletter

1. Kuaishou: Launch RMB counter, effective on June 19

On June 5th, Kuaishou issued an announcement that the newly launched company's RMB counter will take effect on June 19, 2023. The announcement stated that each unit of the company's Class B common shares at two counters is 100 Class B shares. The company believes that the launch of the new RMB counter will provide shareholders and potential investors with more investment flexibility and stock liquidity. (Kuaishou Technology)

2. The online sales activity of i Maotai sauce-flavored wine will be launched soon

On June 4, i Moutai issued a notice saying that the online sales activity of sauce-flavored wines will be launched soon. The event time is 0:00 on June 6, 2023 to 24:00 on June 12, 2023. During the event, users who purchase Moutai Prince Wine (Golden Prince) and Moutai Welcome Wine (Purple) on the i Moutai APP "Enjoy Cloud Shopping Mall Page to reach the specified quantity and complete the pickup can not only receive gifts prepared by Xiaomao, but also participate in the online lottery. (i Moutai)

3. TikTok cracks down on "false selling miserable" content, prohibiting public welfare accounts from being monetized

According to reports on June 4, TikTok recently discovered that a few creators used the Internet platform to try to fabricate false "poverty life" and "diplomatic housing" by fabricating false "donation life" and other scenarios, and to defraud traffic, money and love, with a bad impact. In response to this phenomenon, in order to promote the development of the public welfare industry and create a clear cyberspace, Douyin has updated the latest regulations on the governance of Douyin's public welfare content. The new regulations clearly require that "public welfare accounts are not allowed to engage in profit-making behaviors such as live broadcast rewards and e-commerce sales." The platform will strictly deal with "fake public welfare" content and accounts that have been verified to have fabricated, defrauded love, and improper marketing. Since April 2023, Douyin has removed 1,131 related videos, 3,518 accounts have been blocked indefinitely, and new fans that they have obtained improperly, and their monetization function permissions have been cancelled. (Tik Tok App)

4. 1688 releases the "Implementation Rules for the Control of Low-Quality Live Broadcast Content"

According to June 4, 1688 recently released the "Implementation Rules for the Control of Low-Quality Live Broadcast Content". During the hang-up process, there is no interaction, no commentary, or vacant shots during the live broadcast for more than 15 minutes, and content that is not related to promotion is displayed for a long time; the shots are facing the product for a long time without any explanation. The above measures only affect a single live broadcast. If the anchor does not have the above behavior after the live broadcast is opened in the future, it can still obtain public domain traffic recommendations normally. (1688 Rules Center)

5. Restarting Tianya live broadcast event in seven days and seven nights raised 200,000 yuan

On June 4, @大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大大� (Restart Tianya Weibo)

Internet news

6. Prolos REIT successfully completed targeted fundraising and total amount of funds raised was approximately 1.853 billion yuan.

On June 5, Prolos REIT recently announced the "Report on the Issuance of Fund Shares of CICC Prolos Warehousing and Logistics Closed Infrastructure Securities Investment Fund to Specific Objects". The total amount of funds raised for this expansion is about 1.853 billion yuan, reaching the upper limit of the proposed fundraising amount, marking that Prolos REIT successfully completed targeted fundraising and took a key step in expanding fundraising. (Prolos GLP)

7. Huawei version of ChatGPT will be released on July 7 as "Pangu Chat"

On June 5, Huawei will release a multimodal 100 billion-level big model product that directly benchmarks ChatGPT, called "Pangu Chat". Huawei Pangu Chat is expected to be released and tested internally at the Huawei Cloud Developer Conference held on July 7 this year. The products are mainly aimed at To B/G government and enterprise customers. Based on Huawei's technical capabilities, Pangu Chat is expected to become the ChatGPT product with the strongest technical capabilities in China, and Huawei's ecological industry chain companies will also benefit from it. It is reported that the Pangu big model was successfully established internally in Huawei Cloud in November 2020. (Titanium Media)

Cross-border newsletter

8. eBay launches authentic certification services for street clothing

According to June 4, eBay recently announced that it will expand its authentic certification services to street clothing. Now, eBay will provide verification of all eligible streetwear for over $200 purchased and sold in the United States. The merchandise will be shipped to an advanced facility in New Jersey and reviewed and verified by a team of professionally trained appraisers. eBay identification experts will conduct multi-point inspections of the merchandise, including viewing the garment’s structure, materials, labels and logos, as well as packaging and accessories. For verified products, eBay will attach a unique certification tag with a QR code. After scanning the QR code, the buyer can obtain relevant documents for verification. (eBay)

9. Amazon will have nearly 100,000 sellers to update their background verification information

June 4 news, MarketPlacePulse research shows that nearly 100,000 Amazon sellers have changed their company name or address in the past few weeks. It is understood that the US Consumer Notification Act will come into effect on June 27. Amazon previously updated its Amazon Services Business Solutions Agreement to align with the new law. Amazon has hundreds of thousands of sellers with sales of $5,000 or more each year. It should be noted that this bill not only applies to Amazon, eBay, Etsy, Walmart and other platforms, and not only for local sellers of the US website, but also for other cross-border sellers. (MarketPlacePulse)

10. Temu has the final right to interpret the return of the in-stocked goods

On June 4th, Leifeng.com exclusively learned that Temu has recently strengthened its requirements for quality inspection, and some merchants have received new contracts. Generally speaking, considering the logistics fees of tens of thousands or tens of thousands of yuan, merchants often follow Temu's arrangements for products. Nowadays, once the goods placed in the warehouse are requested to be returned by Temu, merchants either choose to endure high logistics costs or can only give up on the goods directly. (Leifeng.com)