#Laogao E-commerce Newsletter# [June 5th E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [June 5th E-commerce Morning News] 1. Three Squirrels entered the retail network for the first day's sales volume was 4.5 million yuan; 2. "Baby Tree" received strategic investment from Alibaba, with a valuation of 14 billion yuan; 3. People's Daily praised Suning E-commerce's poverty alleviation agricultural products to get out of the remote mountains and regions; 4. Strong third-party payment supervision will continue, and the scale of reserve fund deposits has increased significantly; 5. Apple and Amazon set a new historical high during the session, with Amazon's market value exceeding 800 billion...

　　E-commerce newsletter

　　1. Three Squirrels entered the retail network for the first day of sales of 4.5 million yuan

　　According to June 2, it was learned that Three Squirrels officially launched Alibaba's retail platform yesterday. It is understood that on the day Three Squirrels launched Retail Connect, more than 17,000 small stores placed orders, with sales exceeding 4.5 million yuan, setting a record for the single-day sales of Retail Connect Smart Selection brand. Previously, on May 29, Three Squirrels and Retail Tong held a strategic cooperation signing ceremony in Hangzhou. Previously, Three Squirrels only expanded through its own offline experience store and adhered to the strategy of one city and one store. Now, Three Squirrels has opened offline food stores in more than 30 cities across the country. (36kr)

　　2. "Baby Tree" received strategic investment from Alibaba, with a valuation of RMB 14 billion

　　36Kr learned that the long-rumored new round of financing for Babytree has been settled today, and finally reached a strategic capital cooperation with Alibaba Group. After the new round of financing, Babytree's valuation reached about 14 billion yuan. According to a person close to the deal, Alibaba currently holds about 10% of the stake in Baby Tree. The logic behind Babytree’s choice to form an alliance with Alibaba is that both parties hope to do some new things in e-commerce and C2M (including customized products, etc.). (36kr)

　　3. People's Daily praised Suning's e-commerce poverty alleviation agricultural products to get out of the remote areas of poverty

　　As the first private enterprise to sign a national rural e-commerce poverty alleviation strategic cooperation framework agreement with the State Council Poverty Alleviation Office, Zhang Jindong, chairman of Suning Holdings Group, proposed that it is necessary to "build a long-term mechanism for targeted e-commerce poverty alleviation to help win the battle against poverty." For a long time, Suning has been paying attention and recognition from the whole society through its smart retail development that integrates online and offline development and actively carries out e-commerce poverty alleviation, and has also been praised by all walks of life. (Northern Net)

　　4. Strong third-party payment supervision will continue, and the scale of reserve fund deposits will increase significantly

　　Since the beginning of this year, the People's Bank of China's various penalties on payment institutions have significantly accelerated. Up to now, various types of penalties have been imposed more than 30 times, and more than 25 payment institutions have received fines issued by the central bank. At the same time, the management of reserve funds for payment institutions is also accelerating the progress, and the amount of reserve funds deposited has increased significantly since this year. The strong regulatory trend of third-party payment will continue. (Economic Daily)

　　5. Xu Fuji and JD Logistics’ “Borderless Factory” will promote the “Style Space” brand of short-term food

　　On June 1, Xu Fuji announced that it would cooperate with JD Logistics’ “Borderless Factory” and would promote its short-term food brand “Chengwei Space” to a broader market through JD Logistics. According to the on-site introduction, as long as consumers in different regions complete the order on JD.com before 5 pm that day, physical stores in Dongguan will start making and be responsible for packaging, and use JD.com Logistics to deliver the order products to their door-to-door within 1-2 days. (interface)

　　Internet news

　　6. Apple and Amazon hit a new record intraday high, with Amazon's market value exceeding 800 billion

　　On the first day of Apple's annual developer conference WWDC, the company's stock price hit an all-time high. The stock price rose by 1.7% on the day, closing at $191.83 per share, with a total market value of more than $940 billion.

　　On the other hand, Amazon's market value has also soared, exceeding US$800 billion. Amazon's stock price rose 0.60% to $1,651.38 per share, with a market value of $801.721 billion. (Sina Technology)

　　7. WeChat has offline the "Friend Message" function

　　36Kr News, according to the self-media "WeChat" report, the articles pushed by WeChat today are no longer divided separately and can be seen without selection. In response, WeChat staff replied: The friend message function has been offline. In the future, we will continue to optimize related functions so that both the authors and readers of the public account can have a better experience on the WeChat public platform. (36kr)

　　8. Ofo Fire-line refutes large-scale layoffs. Will it merge with Harrow Bike?

　　From the perspective of market positioning, Haro Bicycle and ofo are complementary. Harrow Bicycle has been deeply engaged in second- and third-tier cities. Affected by the policy of banning the deployment of new vehicles in many cities, Harrow Bicycle, the first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen have been unable to enter on a large scale. Previously, Harrow Bicycle launched bicycles in Daxing, Beijing to replace the damaged Yonganxing Bicycle.

　　However, regarding the merger, in March this year, Haro Bicycle CEO Yang Lei said in an interview with media including First Financial News that the merger is not currently within the scope of Haro Bicycle's consideration and has not taken time to think about it. "If one day the merger incident is really achieved by chance, it is not certain who will choose at that time." (First Financial Daily)

　　Cross-border newsletter

　　9. JD Logistics’ average overseas direct mailing time has been increased to 3.9 days

　　According to June 4, as June 18 approaches, JD Logistics' overseas warehouses have been fully improved, not only ensuring logistics capacity for 618 Global Purchase, but also connecting the "points, lines, and networks" of the international supply chain, shortening the "distance" with global goods. It is understood that at present, JD Logistics relies on overseas warehouses covering the world, more than ten bonded warehouses and cross-border ports, nearly a thousand global transportation links, and distribution networks and information systems across China to increase the average time limit for imported goods from overseas direct mail to 3.9 days, and the core cities will be delivered the same day. Under the general situation of "global sales" and Chinese brand exports, JD Logistics' overseas warehouse will also undertake the warehousing and distribution function of the last mile of the destination, forming a warehousing and logistics network that radiates the world. (Yibang Power)

　　10 and 3 kilometers of delivery have become standard cross-border e-commerce offline wars are heating up

　　Driven by policy dividends, opening physical stores has become a new way of competition for cross-border e-commerce. On June 3, a Beijing Business Daily reporter learned from the relevant staff of the cross-border e-commerce Ao Buyer Global Purchase (hereinafter referred to as "Ao Buyer") that the Ao Buyer offline store "Ao Buyer Global Boutique Store" has completed upgrades and officially opened to the public. The boutique store has added a delivery service within 3 kilometers, and the store has self-pickup services, and the products are cross-border tax-paid goods. In April this year, Tmall International opened an offline store, but the products in the store only have a display function, and consumers need to scan the code to place an order online. When cross-border e-commerce is expanding offline, cross-border offline business formats such as Lindepahim cross-border e-commerce experience store, Yizhiyao, and Yizhuang bonded direct purchase have been in operation for several years, but cross-border e-commerce experience stores with the O2O model have always been difficult to become a climate. Nowadays, e-commerce giants have frequently entered the market, and many companies will compete on the same stage in the cross-border e-commerce offline market, which may trigger new waves in the cross-border e-commerce offline market that have been silent for a long time. (Beijing Business Daily)

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