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	<title>O2O &#8211; Spress</title>
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	<description>Spress is a general newspaper in English which is updated 24 hours a day.</description>
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		<title>Alibaba and partners complete the investment of 400 million USD in The CrownX</title>
		<link>https://en.spress.net/alibaba-and-partners-complete-the-investment-of-400-million-usd-in-the-crownx/</link>
		
		<dc:creator><![CDATA[Mai Ca]]></dc:creator>
		<pubDate>Sat, 19 Jun 2021 05:30:12 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[Alibaba Group]]></category>
		<category><![CDATA[Baring Private Equity Asia]]></category>
		<category><![CDATA[Complete]]></category>
		<category><![CDATA[completed]]></category>
		<category><![CDATA[Consumption]]></category>
		<category><![CDATA[CrownX]]></category>
		<category><![CDATA[Danny Le]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Kenny Ho]]></category>
		<category><![CDATA[LAZADA]]></category>
		<category><![CDATA[Masan Consumer Holdings]]></category>
		<category><![CDATA[Masan Group Joint Stock Company]]></category>
		<category><![CDATA[million]]></category>
		<category><![CDATA[O2O]]></category>
		<category><![CDATA[Offline]]></category>
		<category><![CDATA[Partner]]></category>
		<category><![CDATA[partners]]></category>
		<category><![CDATA[Point of Life]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[SHARE]]></category>
		<category><![CDATA[The CrownX]]></category>
		<category><![CDATA[Total value]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[VCM]]></category>
		<category><![CDATA[VINCOMMERCE]]></category>
		<guid isPermaLink="false">https://en.spress.net/alibaba-and-partners-complete-the-investment-of-400-million-usd-in-the-crownx/</guid>

					<description><![CDATA[On June 14, Masan Group Joint Stock Company announced that it had completed the issuance of 5.5% new shares of The CrownX to a group of investors including Alibaba Group and Baring Private Equity Asia with a total value of money. face is 400 million USD. The signing of the transaction was first announced on [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>On June 14, Masan Group Joint Stock Company announced that it had completed the issuance of 5.5% new shares of The CrownX to a group of investors including Alibaba Group and Baring Private Equity Asia with a total value of money. face is 400 million USD.</strong><br />
<span id="more-25372"></span> The signing of the transaction was first announced on May 18, 2021. The CrownX is a retail consumer platform that merges Masan&#8217;s interests in Masan Consumer Holdings and VinCommerce. Through this transaction, The CrownX is valued at USD 6.9 billion (before issuance) for 100% equity, equivalent to a value of USD 93.5 per share (approximately VND 2,150,000). After this issuance, Masan&#8217;s ownership rate in the company is 80.2%.</p>
<p> Launched in 2020, The CrownX unites two leading enterprises in the industry to establish a leading retail &#8211; consumer platform in Vietnam. Within the framework of the transaction, The CrownX will partner with Lazada to accelerate the company&#8217;s digital transformation, accelerating the development of the integrated retail market from offline to online (“O2O”) in Vietnam. This transaction strengthens shareholders&#8217; vision of the potential to build Vietnam&#8217;s first technology-enabled retail-consumer ecosystem, while expanding its reach to serve consumers nationwide. <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_06_14_35_39216069/9f0c5da954ebbdb5e4fa.jpg" width="625" height="417"> <em> Alibaba and partners complete the investment of 400 million USD in The CrownX</em> Mr. Danny Le &#8211; General Director of Masan Group &#8211; shared: The strategic cooperation agreement will help us accelerate the transformation of The CrownX into a Point of Life &#8211; an &#8220;all-in-one&#8221; platform serving the needs of customers. daily necessities of consumers on offline and online shopping channels. Our first priority is to modernize the retail essentials market in Vietnam, serving consumers with the best products and services. I believe this partnership will help the company realize Point of Life more quickly and effectively. Kenny Ho &#8211; Investment Director of Alibaba Group in Southeast Asia and India &#8211; said: The combination of Alibaba&#8217;s understanding in online retail industry, Lazada&#8217;s e-commerce platform, and selling system Masan&#8217;s scale of offline retail will be a catalyst to promote the modernization of Vietnam&#8217;s retail industry. We look forward to accompanying Masan to build a leading retail and consumer platform integrated from offline to online in Vietnam. Within the transaction framework, VinCommerce (VCM) will establish a strategic cooperation agreement with Lazada &#8211; Alibaba&#8217;s e-commerce platform in Southeast Asia. Accordingly, VCM will be the leading retailer of necessities on the Lazada e-commerce platform. The two sides will share knowledge and experience to promote necessities to become a key industry of e-commerce. At the same time, develop the feature of supplying goods for online orders at VCM&#8217;s offline selling points. Although shopping with daily frequency, the ability of consumers to access essential products through online channels is still limited. Masan sets a target that the total value of goods from The CrownX&#8217;s online channel will account for at least 5% of the Company&#8217;s total sales in the near future.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">25372</post-id>	</item>
		<item>
		<title>Tik Tok internal beta map service O2O &#124; Blue Shark Goods Morning Post</title>
		<link>https://en.spress.net/tik-tok-internal-beta-map-service-o2o-blue-shark-goods-morning-post/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Fri, 16 Apr 2021 19:10:07 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[Beta]]></category>
		<category><![CDATA[Blue]]></category>
		<category><![CDATA[Goods]]></category>
		<category><![CDATA[internal]]></category>
		<category><![CDATA[Map]]></category>
		<category><![CDATA[Morning]]></category>
		<category><![CDATA[O2O]]></category>
		<category><![CDATA[Post]]></category>
		<category><![CDATA[service]]></category>
		<category><![CDATA[Shark]]></category>
		<category><![CDATA[Tik]]></category>
		<category><![CDATA[Tok]]></category>
		<guid isPermaLink="false">https://en.spress.net/tik-tok-internal-beta-map-service-o2o-blue-shark-goods-morning-post/</guid>

					<description><![CDATA[1. ByteDance won the world championship of video encoder contest Recently, the MSU 2020 Global Video Encoder Competition announced the complete results. The BVC series of encoders developed by the Californian technical team of Byte Beat performed outstandingly. The 17 participating projects ranked first in the best quality evaluation. Encoders are the infrastructure products of [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><strong>1. ByteDance won the world championship of video encoder contest</strong></strong></p>
<p>Recently, the MSU 2020 Global Video Encoder Competition announced the complete results. The BVC series of encoders developed by the Californian technical team of Byte Beat performed outstandingly. The 17 participating projects ranked first in the best quality evaluation. Encoders are the infrastructure products of video applications, and their role is to compress and digitally encode images to transmit the highest possible quality video data with the smallest possible bandwidth. The MSU Video Encoder Competition is hosted by Moscow State University and has been held for fifteen consecutive times. It is the most influential international competition in the video encoding industry. (36 Krypton)</p>
<p><strong>2. Douyin internal test map service O2O</strong></p>
<p>Recently, Douyin has once again increased its local life service business. In the internal beta version of the Douyin App, Douyin has added a map service on the same city page. Users can search for food, attractions, games, hot information, activities and other related content. The information content will be presented in short videos. Users can pay for online goods through related links in the short videos, and then go offline. Perform verification and finally complete consumption. (Tech Planet)</p>
<p><strong>3. &#8220;Laihua&#8221;, a creative platform for presentation and animation video creation, has completed a B3 round of financing of 166 million yuan</strong></p>
<p>The presentation and animation video creation creative platform &#8220;Laihua&#8221; completed a B3 round of financing of 166 million yuan in January this year, led by Zhencheng Investment, followed by Infinity Capital, and Meiyu Capital as the exclusive financial advisor for this round of financing. This round of financing will be mainly used for new product development and promotion, team building and other aspects. (IT orange)</p>
<p><strong>4. Ligao Foods is listed today at an issue price of 28.28 yuan/share</strong></p>
<p>Ligao Foods is a large-scale joint-stock enterprise integrating R&amp;D, production and sales of bakery food ingredients, headquartered in Guangzhou. Ligao&#8217;s product range covers baking, beverages, snack foods, frozen semi-finished products and other fields. It is listed on the Shenzhen Stock Exchange&#8217;s Growth Enterprise Market today. The company&#8217;s securities code is 300973, the issue price is 28.28 yuan per share, and the issue price-earnings ratio is 27.7 times. (IT orange)</p>
<p><strong>5. Weizhixiang Shanghai Stock Exchange public offering</strong></p>
<p>Weizhixiang is currently one of the largest enterprises in the R&amp;D and manufacturing of semi-finished vegetables in China. Weizhixiang is committed to creating the first brand in China’s semi-finished vegetable industry, and always regards &#8220;innovative research and development&#8221; as an important cornerstone for adhering to tradition and future development. At the same time, Weizhixiang also puts customers first, teamwork, hard work, innovation, and integrity. , High-quality as the value orientation, forge ahead, pioneer and innovate. , Today Weizhixiang Shanghai Stock Exchange public offering. (IT orange)</p>
<p><strong>6. Zhong Xuegao applied for the registration of the trademark &#8220;Do Not Internal Volume&#8221;</strong></p>
<p>Recently, Zhong Xuegao Food (Shanghai) Co., Ltd. applied for the registration of the trademark &#8220;Internal Volume&#8221;. The international classification involves feed seeds. The current trademark status is pending substantive examination. At present, the &#8220;Neijuan&#8221; related trademarks have been preemptively registered by many companies. The international classification includes catering and accommodation, advertising sales, etc. Applicants include Zhangzhi (Beijing) Technology Co., Ltd., Shanghai Chihao Drinkhao Restaurant Management Co., Ltd., etc., trademark status Most are waiting for substantive examination. (Tianyan Check)</p>
<p><strong>7. Li Ning sets a &#8220;threshold&#8221; to circumvent the behavior of frying shoes</strong></p>
<p>Regarding the phenomenon of sky-high shoes, Li Ning said that it does not want to have any connection with the speculation in the shoe ring. &#8220;We prefer to sell shoes to people who really need them, and we don&#8217;t want someone to buy Li Ning shoes for higher profits. In order to prevent someone from using software to snap up limited edition shoes, the company has adopted the method of IP address verification online. If it is found that there are IP addresses appearing multiple times, suspected to be speculators, then the store will refuse to ship. At the same time, the company also adopts ID verification methods offline. Although it cannot completely eliminate the behavior of speculating shoes, the company hopes to try its best Provide consumers with a fair consumption environment.&#8221;</p>
<p><strong>8. Dingdong Maicai established Chizhiyiheng E-commerce Co., Ltd. in Fuzhou</strong></p>
<p>Recently, Chizhiyiheng (Fuzhou) E-commerce Co., Ltd. was established with a registered capital of 1 million yuan and the legal representative is Yu Le. Its business scope includes Internet food sales, food business (sales of bulk food), daily necessities sales, and takeaway delivery services. Shareholder information shows that the company is 100% owned by Shanghai Yibaimi Network Technology Co., Ltd., an affiliate of Dingdong Maicai. (Tianyan Check)</p>
<p><strong>9. Taobao and Cainiao Station in Beishanghang launched an on-demand delivery service</strong></p>
<p>Taobao teamed up with Cainiao Station in Beijing, Shanghai and Hangzhou to launch Taobao parcels on-demand home delivery. Up to now, more than 90% of the sites have opened this service. According to reports, after the Taobao package arrives, consumers can choose to deliver it to their door or pick it up at the station through the Taobao App on their mobile phones. Both services do not incur any costs. Cainiao Station said that this service will be rolled out to the whole country one after another. (36 Krypton)</p>
<p><strong>10. Yonghui Supermarket: A major transaction reduces its holdings of 2% of Guolian Aquatic Products</strong></p>
<p>Yonghui Supermarket announced that the company reduced its holdings of 18.39 million shares of Guolian Aquatic Products through the bulk trading platform on April 13, accounting for 2% of its total share capital. After the transaction is completed, the company holds 6.18% of the total share capital of Guolian Aquatic Products. According to preliminary calculations, this transaction will generate investment income of 21.63 million yuan, and the impact on the company&#8217;s net profit will be 16.22 million yuan. (36 Krypton)</p>
<p><strong>11. Quanjude: Pre-loss of 46 million to 48 million yuan in the first quarter, and a loss of 88.501 million yuan in the same period last year</strong></p>
<p>Recently, Quanjude announced that it expects a net loss of 46 million yuan to 48 million yuan in the first quarter of 2021, compared with a loss of 88.501 million yuan in the same period last year. Affected by the epidemic in the first quarter of 2021, the company&#8217;s stores and food sales in Beijing recovered slowly, resulting in a loss in the company&#8217;s operations in the first quarter. With the changes in the epidemic prevention and control policy, the recent increase in passenger flow has been more obvious, the turnover has gradually increased, the loss has been narrowed month by month, and the operating performance has shown a trend of recovery month by month. (36 Krypton)</p>
<p><strong>12. Shentong Express: Net profit returned to the parent company in 2020 is 37 million yuan, a year-on-year decrease of 97.36%</strong></p>
<p>Shentong Express released the 2020 annual performance report. The report shows that in 2020, Shentong Express&#8217; revenue was 21.565 billion yuan, down 6.60% year-on-year; net profit attributable to the parent was 37 million yuan, down 97.36% year-on-year. (36 Krypton)</p>
<p><strong>13. Chen Rui, Chairman and CEO of Bilibili: China&#8217;s online video users will exceed 1.2 billion in 5 years</strong></p>
<p>Recently, Chen Rui, Chairman and CEO of Bilibili, stated at the opening forum of the 8th China (Shanghai) International Technology Import and Export Fair that the video conference is a very big wave in the Internet field. According to data from the China Internet Information Center, as of December 2020, the number of online video users in China has reached 927 million. Chen Rui said: &#8220;According to the current growth rate, I think that the number of online video users in China will exceed 1.2 billion in 3 years and 5 years. In other words, in almost 5 years, all Internet users will become video users. .&#8221; (Shanghai Securities News)</p>
<p><strong>14. Luckin Coffee received US$250 million in investment led by Dazheng Capital</strong></p>
<p>Luckin Coffee announced that it has reached a new financing agreement with Dazheng Capital and Joy Capital. Dazheng Capital led the investment of US$240 million and Joy Capital invested US$10 million. Luckin Coffee plans to use financing to complete the recent restructuring plan reached between the company and convertible bond holders, and to fulfill the settlement agreement reached by the US Securities Regulatory Commission. (36 Krypton)</p>
<p><strong>15. Ministry of Commerce: E-commerce industry adheres to the principle of equal emphasis on development and regulation</strong></p>
<p>Recently, in response to the recent fine of 18 billion yuan of Alibaba Group, which caused the attention of the outside world, the spokesperson of the Ministry of Commerce Gao Feng said: Regarding the e-commerce industry, we always adhere to the principle of equal emphasis on development and regulation. We support enterprise innovation and development and healthy competition. At the same time, we are also committed to creating a fair and competitive market environment, which is conducive to the sustainability of the industry as a whole. (CCTV)</p>
<p><strong>16. General Office of the State Council: Remove hidden barriers to consumption, and strive to break industry monopolies and local protection</strong></p>
<p>The General Office of the State Council issued opinions on serving the &#8220;six stability&#8221; and &#8220;six guarantees&#8221; and further improving the work related to the reform of &#8220;delegation, management and service&#8221;. Which pointed out that the removal of hidden barriers to consumption. Efforts to break industry monopoly and local protection, open up economic cycle blocking points, and promote the formation of a unified domestic market with high efficiency, regulation and fair competition. Orderly cancel some administrative restrictions on consumer purchases to release consumption potential. (Securities Times)</p>
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