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

Morning information:

1. JD.com refuted the rumors about Liu Qiangdong and his wife immigrating to the United States and other remarks;

2. Douyin has established an entertainment department to integrate multiple businesses such as live programs and music;

3. Baozun E-commerce will announce its mid-year results on August 28;

4. Lei Jun: Xiaomi’s R&D investment this year exceeds 20 billion;

5. Some photovoltaic-related categories of eBay can enjoy zero value-added tax preferential policies;

...

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

E-commerce newsletter

1. Taobao and 20 brands airdropped to Zhuozhou for nearly 10 million yuan in cleaning materials

On August 14, Taobao and Tmall urgently joined forces with 20 brands including Bemiss, Vewin/Wilch/Wilch, Quanmian Times, Runzhisu, etc. to provide cleaning materials worth nearly 10 million yuan for free, and targeted "airdrop" to Zhuozhou citizens. It is reported that citizens of Zhuozhou can search for "One more cleaning package" or "Targeted Airdrop Zhuozhou" on the Taobao APP on their mobile phone to enter the special session to receive cleaning supplies of 0.01 yuan. 27 cleaning supplies such as disinfectant, disinfectant wipes, calories, and hand sanitizer will be put on the shelves in batches. (Qingtong Perspective)

2. Douyin established an entertainment department to integrate live programs, music and other businesses

On August 14, 36Kr learned from multiple sources that Douyin has recently established a new entertainment department, with the person in charge Chen Duye, former vice president of marketing of Juliang Engine, and the person in charge is Douyin head Han Shangyou. Jiao Yingying, the head of Juliang Engine closed-loop monetization product, took over Chen Duye's original position. As early as June this year, there was news that Chen Duye had transferred to Douyin to be responsible for Douyin's entertainment business. In Chen Duye's OKR, live programs rank first, such as S-level projects such as World Cup live broadcast, while others are film and television variety shows, music, stars, etc. (36Kr)

3. JD.com refutes rumors about Liu Qiangdong and his wife immigrating to the United States and other remarks

On August 14, the official Weibo of "JD.com" issued a statement that recently, remarks about Liu Qiangdong and Zhang Zetian "immigrated to the United States" and bought a luxury house worth over 100 million US dollars in the United States" have been widely circulated on the Internet platform. These remarks are false information out of nothing and deliberately fabricated. Some self-media have spread the above rumors without verification, and even used the Internet navy to deliberately spread rumors and smear on a large scale and organized basis. JD.com has reported the case to the public security organs based on this. (JD.com spokesperson)

Internet news

4. DingTalk COO Kuwei returns to Alibaba Cloud

On August 14, DingTalk President Ye Jun recently announced that DingTalk will no longer be under the jurisdiction of Alibaba Cloud and become an independent "N" company; DingTalk COO Ku Wei will return to Alibaba Cloud and have another appointment, and the reporting target will be transferred from Ye Jun to Zhang Yong, chairman and CEO of Alibaba Cloud Intelligent Group. Kuwei was previously the vice president of Alibaba Group and the former general manager of Alibaba Cloud IoT. He joined DingTalk in March 2022 and is responsible for DingTalk's large customer team, including product, sales and ecological functions. (Caixin.com)

5. The retail transaction volume of Youxin Group in the first quarter of 2023 was 2259 vehicles increased by 22.2% year-on-year

On August 14, Uxin Group released its unaudited quarterly report and full-year financial report as of March 31, 2023. The financial report shows that in the first quarter of 2023, Uxin Group's retail transaction volume was 2,259 vehicles, an increase of 22.2% over the same period last year; the gross profit margin was 2.3%, a significant improvement from 0.2% in the same period last year; the group's gross profit margin was 2.3%, a significant increase from 0.2% in the same period last year; the operating loss adjusted by non-GAAP was RMB 46.7 million, compared with RMB 96.1 million in the same period last year. (Youxin Group)

6. Baozun E-commerce will announce its mid-year results on August 28

8月14日消息，宝尊电商发布公告，公司董事会将于2023年8月28日举行董事会会议，藉以批准公司截至2023年6月30日止第二季度和六个月的财务业绩及公告及其刊发。宝尊电商将于2023年8月28日美国市场开市前及香港市场交易时间后公布业绩，并于当日下午七时三十分举行业绩电话会议。（宝尊电商）

7. Lei Jun: High-end is the only way for Xiaomi to develop

On August 14, Lei Jun, founder and CEO of Xiaomi Group, said in his 2023 "Lei Jun Annual Speech" that in this era and in this industry, there are industry giants such as Apple, Samsung, and Huawei. In fact, Xiaomi's development is very difficult, but only by doing high-end can we force Xiaomi to seek breakthroughs in technology and win future survival and development space. Lei Jun said that after more than three years and over 10 billion investments, Xiaomi's high-end exploration path has finally ushered in a breakthrough. In a high-end battle, behind any small success is a cognitive change and breakthrough. Only cognitive breakthroughs can bring true growth. (E-commerce News)

8. Lei Jun: Xiaomi invests more than 20 billion in R&D this year

On August 14, at Xiaomi's annual speech, Xiaomi founder and chairman Lei Jun said that Xiaomi's R&D investment this year exceeds 20 billion yuan, and 5G standard patents have valid patents accounting for 4.1% of the global patents, and will invest at least 100 billion yuan in R&D funds in the future. A big model team was formed in April this year and will be applied in the business. The main breakthrough direction of Xiaomi’s big model technology is lightweight local deployment, and the test of Xiaoai’s big model version will be launched soon. The mobile phone model has been initially implemented. (Huaxia Times)

Cross-border newsletter

9. Some eBay photovoltaic-related categories can enjoy zero VAT preferential policies

eBay announced that in order to continue to promote the sales of photovoltaic-related categories of Greater China sellers in eBay Germany, starting from August 6, 2023, when sold to individual buyers in Germany, eight of the photovoltaic-related categories sold by Greater China sellers can enjoy zero VAT preferential policies. (Yien.com)

10. Shopee will increase the limit on free products

Shopee said it will increase the limit on the purchase of goods for full amounts. From August 17, 2023, the number of days for the purchase of gifts cannot be higher than the number of days for the purchase of the main products. If the established full-value gift activities violate this provision, the gifts will be permanently deleted from August 24, 2023. (ENECNEWS)