Express News | Taobao and Tmall officially announced the establishment of an account integrity system to further optimize mechanisms like 'Return Treasure'.
Express News | Alibaba: On January 7th, approximately 39.99 million dollars was spent to repurchase 3.7808 million shares.
Taobao and Tmall are launching dozens of measures to optimize the business environment, leading the e-commerce Industry to return to value competition.
In 2024, after lifting the "refund only" policy as a pioneer in the e-commerce Industry and launching the "Return Treasure" program, Taobao has once again introduced dozens of business environment optimization measures to protect merchants' rights. On January 9, Taobao and Tmall announced at the merchant service conference that they would establish the first integrity system for accounts within the e-commerce Industry, working together with merchants to build a healthy e-commerce ecosystem. It is reported that merchants can file complaints regarding abnormal refund only scenarios, return goods swaps, false returns, and online image manipulations through feedback to be recorded in the account integrity system, with the platform taking actions such as rejecting after-sales requests or limiting purchases at the single store or platform level based on the circumstances; for professional scammers, Taobao and Tmall will also cooperate with relevant departments to transfer cases.
Major bank rating丨BOCOM INTL: It is expected that the revenue growth Range of mainland e-commerce platforms will be between 8% and 14% this year.
BOCOM INTL published a report indicating that yesterday the National Development and Reform Commission and the Ministry of Finance released the "Notice on Implementing Large-scale Equipment Renewal and Consumer Goods Replacement Policies by 2025", expanding the 8 categories of household appliances in the consumer goods market for 2024 to 12 categories. In the first quarter of this year, according to the press conference, considering the consumer demand during the New Year's Day and Spring Festival, a subsidy fund of 81 billion yuan for old-for-new consumer goods has already been allocated. Compared to last year's 50 billion yuan/20% subsidy ratio for household appliances, it is expected that the first quarter will drive the sales of household appliances, digital products, and other categories to exceed 150 billion yuan, compared to the retail sales of communication equipment in the first quarter of 2024.
Hong Kong stock market midday review | The three major Indexes collectively rebounded! Xiaomi and Tencent rose about 2%; Semiconductors stocks continued to rise, Semiconductor Manufacturing International Corporation rose over 4%.
Network Technology stocks weakened, Bilibili-W fell by 3.60%, XIAOMI-W rose by 2.59%; Sporting Goods stocks performed well, ANTA SPORTS increased by 5.32%, TOPSPORTS dropped by 3.44%; Hong Kong Retail Stocks weakened, BOSSINI INT'L rose by 3.81%, PRADA fell by 2.76%;
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