E-commerce Morning News on September 27

E-commerce newsletter

1. Taobao Creation Festival "Young Creativity Report": The growth rate of creative stores born after 1995 is 7 times higher

On September 25, the Taobao Creation Festival ended. At the 14-day creative exhibition, all kinds of magical objects and gods emerged one after another, showing the most creative side of young Chinese people. Taobao Creation will never stop. According to the Taobao Creation Festival, the "2019 China Young Creativity Insight Report" released, young people on Taobao have become the main force of China's creative economy, and nearly 40% of Taobao's young people's stores are "torn" creative products. Especially those born in the 1995s, their momentum of opening creative stores is even more amazing, with an average growth rate of nearly 7 times higher than the overall one. (Tianxia Online Business)

2. JD.com plans to cooperate with 20,000 retail stores, and the delivery time can be reduced to 30 minutes.

According to Hong Kong's South China Morning Post, in order to speed up the delivery of goods, JD.com plans to innovate the supply chain and add more cooperative physical stores. The plan currently includes 20,000 offline retail stores across 54 cities, including 175 Walmart supermarkets. The goal of e-commerce platform JD.com is to rely on various offline retail stores including Walmart to deliver products directly to consumers, thereby shortening the delivery time of goods to 30 minutes. (NetEase Technology)

3. Alibaba Entertainment releases a new cultural consumption report: young people in small towns take on offline performances and half of the rivers

The new cultural consumption data report released by Alibaba Entertainment shows that from June to August, more than 36,000 offline cultural activities such as concerts, dramas, sports events and exhibitions nationwide, covering 217 cities, with consumption accounting for 55% of second-tier and below cities, and young people in small cities took over half of cultural consumption. (36Kr)

4. Suning.com completes acquisition of 80% of Carrefour China shares

Suning.com announced that on September 26, the company's subsidiary Suning International paid all the transfer considerations, and Suning International and the transferor completed the delivery procedures for 80% of Carrefour China in accordance with the "Share Purchase Agreement", and the company completed the equity acquisition matter. (36Kr)

5. Xiwantuo will join Tmall to connect online and offline stores

On September 26, Xiwantuo and Alibaba Health jointly carried out new retail cooperation in science popularization education, remote technology promotion, O2O cooperation, cloud data application and other aspects. Xiwantuo opened a Xiwanbo flagship store on Tmall, and the first brand is "Xiwanbo" hearing black technology product, which can help users with hearing loss remotely "customize" hearing aids through the Tmall platform. At the same time, Xiwantuo's high-end brand Sijia opened a Sijia medical device flagship store on Tmall, opening up online and offline store channels. (Yibang Power)

Internet news

6. ByteDance is negotiating to sell Topbuzz

According to September 26, ByteDance is reported to be negotiating the sale of Topbuzz (Overseas version of Today's Headlines). ByteDance is negotiating with a handful of potential buyers, including U.S. media companies, people familiar with the matter said. It is unclear whether an agreement will be reached after at least three months of discussion. (E-commerce News)

7. IKEA increases its investment in the Chinese market

IKEA is making its largest annual investment in China. After a sharp slowdown in sales growth in China, IKEA will invest more than $1.4 billion in expansion in the next year. Currently, due to fierce competition from e-commerce and physical stores, IKEA's sales growth in China has slowed sharply, and the company plans to accelerate offline and online expansion next year. (Economic Reference News)

8. News says NetEase Youdao will launch PDIE in mid-October, and its listing in the United States will be put on the agenda.

According to "Unicorns Know Early", NetEase Youdao is said to launch PDIE in mid-October, and plans to go public in the United States are on the agenda. Earlier media reports said that people familiar with the matter revealed that NetEase plans to list its subsidiary Youdao in the United States, which may raise at least US$300 million. NetEase is cooperating with Morgan Stanley and Citigroup on the share sale, and plans to go public as early as the third quarter of 2019. (Unicorns knew it long ago)

9. Lawyer said Lei Jun "frictioned his competitors on the ground": suspected of violating the advertising law

On September 26, at Xiaomi's new product launch conference recently, facing Huawei mobile phones marked as "friendly business P30Pro", Lei Jun said that "frictioning friendly business by the ground" has attracted public attention. Lawyers said Lei Jun’s remarks were obvious indirection and were suspected of violating the advertising law to belittle his opponents. (E-commerce News)

Cross-border newsletter

10. Facebook intends to hide likes and has started testing in Australia

According to the morning news on September 27, Beijing time, there were previous reports that Facebook was preparing to adjust its policies and hide the statistics of "likes" on the web and mobile terminals. Facebook has been testing on Instagram and is now starting to test on Facebook. Users can see who likes or doesn't like a post, but they can't see specific statistics. The author can still see the statistics of the post, but the public users cannot see it. Currently, Facebook is only testing in Australia. Will it be promoted to other countries in the future? Facebook is not very sure. A Facebook spokesperson responded that they are currently just collecting feedback to see if they can improve the user experience. (E-commerce News)

 Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!

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