According to recent news from China.com, Hangzhou Ping Pong Intelligent Technology Co., Ltd. (hereinafter referred to as "PingPong") plans to apply for listing on the Shenzhen Stock Exchange's Growth Enterprise Market. The Zhejiang Regulatory Bureau of the China Securities Regulatory Commission announced the "Progress Report on the Second Phase of Guidance Work of CITIC Securities Co., Ltd. on Hangzhou Ping Pong Intelligent Technology Co., Ltd. (20201230)". The announcement shows that CITIC Securities and PingPong signed a coaching agreement on September 26, 2020, and submitted coaching registration materials to the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on the same day. The Zhejiang Regulatory Bureau of the China Securities Regulatory Commission publicized the PingPong coaching registration documents on its website on September 30, 2020. On November 30, 2020, CITIC Securities submitted the first phase of the coaching progress report to the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission, which was announced on its website on December 7, 2020. PingPong's current coaching work started on December 1, 2020 and ends on the date of this report. On January 13, Amazon and Facebook have warned their employees that their personal safety is at risk due to concerns about a strong boycott against large technology companies. Amazon told employees in its Amazon Web Services (AWS) division to "remain vigilant" after it kicked Parler, an app popular among some supporters of U.S. President Donald Trump, off its platform. After banning Trump's account, Facebook also notified its employees not to wear company-branded clothing in public at this time, or to wear or carry Facebook-branded items. Cdiscount has reportedly launched Cdiscount Occasion, a platform full of second-hand products. The Cdiscount Occasion platform covers items from almost all product categories: from high-tech and DIY to books and toys. All product categories will be displayed except for large products such as furniture. The French e-commerce retailer has partnered with startup Place2Swap to allow its 10 million customers to sell items they no longer use and buy such items from others. Trade is done securely with the help of a virtual wallet and delivered to a relay point. AliExpress recently released an announcement on its backend regarding the consolidation of logistics orders. For "Economy and Standard" logistics orders to Lithuania, Portugal, Czech Republic, Canada, and "Standard" logistics orders to Brazil created from 0:00 on January 15, 2021 (Beijing time), Cainiao will combine and ship some of the collected parcels that meet the conditions based on the recipient and receiving address dimensions based on big data and current logistics resource conditions. The first batch of participating routes in Lithuania, Portugal, Czech Republic and Canada are as follows: Economic category: Cainiao Super Economy Global, Cainiao Super Economy. Standard Category: Aliexpress Worry-free Logistics-Standard. The first batch of routes participating in the Brazilian joint order are as follows: Standard Category: Aliexpress Worry-free Logistics-Standard. According to Yien.com, the American outdoor home brand Outer has recently completed a $10.5 million Series A financing, led by Sequoia Capital China and SHEIN, and followed by Plum Ventures, Mucker Capital, and angel investors such as Harry's founder Andy Katz-Mayfield and Twitch founder Justin Kan. The funds from this round of financing will be used to expand product categories and build brand content. OnBuy, a major UK online marketplace, has reportedly begun to develop aggressive global expansion plans. The company hopes to be available in more than 140 countries by the end of 2023. The plan follows the company’s €5.5 million Series A funding round last June. OnBuy CEO said that last year, more than 600 sellers joined Onbuy every month, and we are expected to occupy about 5% of the UK e-commerce market in the next three years. Our goal is to occupy 1% of the global e-commerce market in the next five years. |
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