Author: Wei Rui Source: GPLP On the morning of March 16, Hong Kong media reported that Jd.com (JD. NASDAQ) has talked with investment Banks such as UBS and Bank of America about a secondary listing in Hong Kong. In 2019, Alibaba (09988.HK) returned to the Hong Kong stock exchange for a secondary listing, the stock Read more about Will jd.com return to Hong Kong stock market after Alibaba came back[…]

Author : Shalajiang Source : GPLP After $705 million acquisition of Be&Cheery under Haoxiang Ni (002582. SZ), a Chinese snack brand enterprise. Pepsi (PEP. NASDAQ) has been engaged in business again recently! Enter the functional beverage market On March 11, Pepsi reached an agreement with Rockstar Energy Beverages (below referred to as “Rockstar”) to acquire Read more about Not satisfied with Be&Cheery, Pepsi will buy Rockstar with 3.85 billion dollars[…]

Author: Weiwen Source: GPLP Has Nissan disaster already come in Chinese market? Recently, Nissan has reported the global sales in February, the Chinese market sales only 15,111 vehicles, down 80.3% year on year, popular models Sentra, X-trail and Xiao Ke demand continued to decline. By division, sales of Dongfeng Nissan and Dongfeng Qicheng, Nissan’s joint Read more about Sales has plunged 80.3% in February by Nissan in China[…]

Author: Sheng Cai Source: GPLP On March 6, 2020, Tenpay payment technology co., LTD. received an administrative penalty decision letter issued by Shenzhen central branch of the people’s bank of China, with fine of 400,000 yuan. According to the punishment decision, Tenpay was fined 400,000 yuan by the Shenzhen central branch of the central bank Read more about Tenpay has completed the rectification after received 400,000 yuan ticket[…]

Author: Weiwen Source: GPLP Tesla has more and more problems in Chinese market。 Faulty cars sold as used cars On March 8, according to “consumer reports”, Mr. Han, a consumer in Tianjin, purchased a used Model S through Tesla’s official website in June 2019, and was identified by a third party authority as having multiple Read more about Owner was taking to court in anger for Tesla sold the accident used car[…]

Author: Xuanxuan Source: GPLP On the morning of March 8,  Tmall made an official response and apologized to netizens for their feedback that ”88 VIP members are more expensive than ordinary users”. Tmall said that during Tmall 3.8 activity, the logo of ”exclusive price for new people” was not displayed normally on the product page, which led to some users’ misunderstanding of different prices of the same product. The problem has now been fixed. Previously, according to consumer’s reports, in Tmall shopping, found the same product, 88 VIP users of the purchase price is higher than ordinary users. For example, for a box of soy milk, the price of 88 VIP members is 73.3 yuan, while for non-members price is 62.91 yuan. Buy the same brand of cleanser, there are even three different price: 24.9 yuan, 21.9 yuan, 14.9 yuan. In addition, some consumers said that when buying the same product in a  Tmall , non-members can pay for free shipping fee, while 88 VIP users have to pay 5 yuan for shipping. On 3.8 Tmall “88 VIP members are more expensive than ordinary users”, consumers think that the rights and interests of spending money to buy are not enjoyed, think that  Tmall has suspicion to abuse the big data. Public information shows that, according to the consumers consumption record automatically become corresponding to different ‘naughty value’ of 88 VIP members, when the ‘naughty value’ reaches 1000 to become a super member, super members only need to use 88 yuan to become a ”88 VIP” member, and ‘naughty value’ insufficient users need 888 yuan to become a ”88 VIP” member. Tmall in response to product identification error at the same time, said that in Tmall activity day, 88 VIP users can always get 5% discount in the settlement, there is no so-called big data abuse. However, in response of Tmall’, many consumers said they would not approval. Some consumers claimed that Tmall’s response was a joke and an attempt to remove hot searches laber in media, while no reason was given for the fact that ”88 VIP members are more expensive than ordinary users”. Many consumers expressed their hearts at this point and will not renew the 88 VIP membership, asking Tmall to respond to the price issue. In response, GPLP sent a confirmation letter to Read more about Consumers don’t approval as Tmall said the product was mislabeled[…]

Author: Weiwen Source: GPLP On March 3, Wuhan Transport Bureau issued a notice saying that HelloBike had illegally dropped an electric bike in Wuhan without going through the licensing formalities. The Wuhan Transport Bureau issued a notice for rectification. There are 1,000 electric bike in Qingshan, Donghugaoxin, Jiangxia and Dunkou etc. Wuhan Transport Bureau said Read more about HelloBike get interview from Wuhan government, and App was pulled from Apple store[…]