E-commerce Morning News on September 29

"#Laogao E-commerce Newsletter# [E-commerce Morning News on September 29]" JD.com spent tens of millions of subsidies to build 100,000 "super stores"; Pinduoduo launched "Medicine and Health Day" with 10 billion subsidies aimed at home medicine boxes; Taobao released the home platform "Lying flat"; Fortune's ranking of the world's most influential business women in 2019: Dong Mingzhu ranked third; Ministry of Transport: It is expected that the national highway network traffic volume will increase by 5% year-on-year during the National Day holiday...

E-commerce newsletter

1. JD.com spent tens of millions of subsidies on 1111 to build 100,000 "super stores"

On September 28, in the face of the upcoming JD 11.11, JD launched the "Super Store" plan and organized a JD Gold Certified Lecturer Group as the "JD 11.11 Marketing Ambassador", providing a series of training courses to create an 11.11 marketing plan for merchants and friends. It is reported that the "super store" plans to cover 100,000 merchants before JD.com 111. (E-commerce News)

2. Pinduoduo launches "Medicine and Health Day" with 10 billion subsidies aimed at home medicine boxes

On September 28, at 0:00 on September 29, Pinduoduo will join hands with nearly 1,000 merchants to launch a "Medical Health Day" focusing on the health of the Chinese people. Pinduoduo and merchants' "10 billion subsidies" will target the most commonly used OTC drugs, medical devices, contact lenses, etc. for precise subsidies, and will mainly promote ultra-low prices for products across the entire network. It is reported that the merchants participating in this medical and health day are offline chain pharmacies. In the "Top 100 Pharmaceuticals" special session, well-known chain pharmacies such as Laobaixing Pharmacy, Neptune Star, and Yifeng Pharmacy will also be launched simultaneously. (E-commerce News)

3. Taobao releases the home furnishing platform "Lingping"

On September 27, Taobao released a brand new home furnishing platform "Lingping" and announced that it will open up the entire home furnishing industry and create a new digital solution for factories, consumers and merchants. Currently, "Dingping" has its own independent APP, and consumers can also enter on the "Dingping" channel on Taobao's mobile phone.

In the illuminated APP, users can share their decoration experience or furniture real scenes with text, pictures, etc., and there are also recommendation and voting interactive sections. Everyone can share the home they designed and matched, and they can also see more designs from home experts. The "Lying Flat" application will allow consumers to share real home matching and good product recommendations, becoming a unique space for more home experts to show their lives. (Lianshang.com)

4. Suning.com: Suning Financial Services completed 10 billion yuan in financing and was included in the scope of Suning.com's consolidated financial statements

Recently, Suning.com announced in the evening that Suning Financial Services has completed this round of capital increase and share expansion, raising a total of 10 billion yuan. The relevant industrial and commercial changes in capital increase have been completed. The company holds 41.15% of Suning Financial Services' shares, and Suning Financial Services has become a holding subsidiary of its affiliated party Suning Financial Holdings. Suning Financial Services is no longer included in the company's consolidated financial statements and has become a shareholder with an important influence on the company. (Europe)

5. The designer buyer shop "Nound Nound" received a angel round financing of tens of millions of yuan

According to September 29, it is reported that the designer brand collection platform Nound Nound recently completed an angel round of financing. The amount of financing originally reached nearly 10 million yuan, and was invested by Bailian Fashion Industry Fund, and will mainly be used for the expansion of new stores, self-operated businesses and online businesses. (E-commerce News)

Internet news

6. Tencent Tenpay: Severely crack down on illegal and criminal activities of online foreign exchange speculation and foreign exchange futures

. On September 29, Tencent’s payment company Tenpay issued a risk warning saying that in the past period, the RMB exchange rate has fluctuated greatly and the foreign exchange market has been extremely active. Some illegal binary option platforms use "easy to operate and high returns" as bait to promote "Internet financial management products" to domestic investors. The common characteristics of this type of product are complex structure, irregular distribution process, high supervision, and great investment risks. Tenpay also stated that it will actively cooperate with the state's foreign exchange management department to crack down on illegal and criminal activities of online foreign exchange speculation and foreign exchange futures, and remind users to stay away from illegal foreign exchange futures trading. (E-commerce News)

7. Fortune's ranking of the world's most influential business women in 2019: Dong Mingzhu ranked third on

September 28. Fortune's magazine recently released the ranking of the world's most influential business women in 2019. The women on this year's list come from 19 countries, covering six continents, of which 13 are from China. Gree Electric Appliances Chairman Dong Mingzhu ranks third in the world and first in China. (Sina Finance)

8. Ministry of Transport: It is expected that the national highway network traffic volume will increase by 5% year-on-year during the National Day holiday.

According to the Ministry of Transport, considering the holiday duration and free passage of small passenger cars, the traffic volume of the national highway network during the holiday will increase by about 5%-7% year-on-year. Holiday travel is characterized by concentrated journey time and relatively scattered return journeys. From 9:00 to 16:00 on October 1, the peak of departure will occur, and concentrated travel will occur in the afternoon of the same day, and the highway may be congested. (Economic Observation Network)

9. Ministry of Commerce: my country's total service trade volume increased by 3% year-on-year from January to August

On September 28, the head of the Service Trade Department of the Ministry of Commerce introduced the development of my country's service trade from January to August 2019. From January to August, my country's total service trade reached 3572.08 billion yuan (RMB, the same below), an increase of 3% year-on-year. Among them, exports were 1264.56 billion yuan, an increase of 9.7%; imports were 2307.52 billion yuan, a decrease of 0.3%. It mainly presents the following characteristics: the growth rate of service exports has further increased; the deficit of service trade has decreased; and the outstanding performance of knowledge-intensive service trade. (E-commerce News)

Cross-border newsletter

10. eBay releases SpeedPAK's new logistics plan in the United States

On September 28, eBay issued an announcement yesterday, announcing that SpeedPAK's US economical small-piece parcel delivery service will be launched on October 8, 2019 (trial operation) based on existing US standard services.

It is reported that both the eBay platform and the eDIS platform have set up specific logistics options for "SpeedPAK US economy lightweight logistics solutions". Sellers need to set the logistics option to "SpeedPAK Lite Service from China/Hong Kong/Taiwan" on the eBay platform. When placing an order on the eDIS platform, sellers must choose the "light small-piece" logistics service (Note: eDIS will open the ordering function of the US economic light small-piece logistics service from October 8). (Yibang Power)

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