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Future Business Early Participation | Hefei Joint Investigation Team: Intends to confiscate illegal gains and impose fines totaling 68.9491 million yuan on three sheep companies

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Reporter Zhao Wenqi
|Friday, September 27th, 2024|
No.1 Hefei Joint Investigation Team: Intends to confiscate illegal gains and impose fines totaling 68.9491 million yuan on three sheep companies
On September 26th, the joint investigation team of Hefei City announced that on September 19th, Hefei City established a joint investigation team to investigate the issues related to live streaming sales of Hefei Three Sheep Network Technology Co., Ltd. (Three Sheep Company) that have been reported on the internet recently. According to relevant regulations such as the Administrative Penalty Law and the Anti Unfair Competition Law, it is proposed to confiscate illegal gains and impose a total fine of 68.9491 million yuan on three sheep companies. In response to the related issues in the live streaming sales of Three Sheep Company, it is ordered to suspend operations and rectify within a specified period of time, and bear relevant legal responsibilities. For units and related personnel who neglect their duties during the work process, the disciplinary inspection and supervision department will initiate investigations and handle them seriously in accordance with the law and regulations.
Comment: The joint investigation team of Hefei City has launched an investigation into the problems in the live streaming sales of three sheep companies, and plans to confiscate illegal gains and impose a fine of 68.9491 million yuan. This move reflects the regulatory authorities' zero tolerance attitude towards the chaos in the online live streaming e-commerce industry, which helps to regulate market order and protect consumer rights. At the same time, it also reminds other enterprises to comply with laws and regulations and operate with integrity during live streaming sales.
NO.2 Hong Kong becomes a Taobao package postal area
On September 26th, Alibaba held a Taobao Hong Kong business conference in Hong Kong, announcing that Taobao will invest 1 billion yuan to turn Hong Kong into a free shipping area. In the upcoming peak consumption season, Hong Kong consumers can enjoy free shipping when shopping on Taobao for over 99 yuan. It is reported that Taobao and Tmall are responsible for attracting investment for this project, while Alibaba International is responsible for the operation and logistics of users in Hong Kong.
Comment: Hong Kong's inclusion in Taobao's postal area is an important measure taken by Alibaba Group to expand cross-border e-commerce business and promote regional economic integration. This measure not only helps to enhance the shopping experience for Hong Kong consumers, but also provides a broader market space for Hong Kong merchants. Through cooperation with the Taobao platform, Hong Kong can further integrate into the vast e-commerce ecosystem in mainland China, promoting mutual economic benefits and win-win outcomes between the two regions.
NO.3 Hello Taxi releases Driver Ecology Report: Accumulated certified drivers exceed 6 million, certification scale increases by 35% annually
On September 26th, Hello Taxi released the "Platform Driver Ecology Report", which showed that the cumulative number of certified drivers has exceeded 6 million, and the certification scale has increased by 35% in the past year. In order to obtain more orders, it has become the industry norm for ride hailing drivers to take orders across multiple platforms. The proportion of drivers who only accept orders in Hello has reached 56%, showing an upward trend year by year and approaching the highest level in the industry. The retention rate of core owners of Hello taxis exceeds 80%.
Comment: The "Platform Driver Ecology Report" released by Hello Taxi reveals the rapid development and changes in the ride hailing industry. The report shows that the cumulative number of certified drivers for ride hailing services has exceeded 6 million, with an annual growth rate of up to 35%, reflecting the continued expansion of the ride hailing market and the increasing demand from users.
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