#Laogao E-commerce Newsletter# [E-commerce Evening News on June 22] 1. The ranking of the new retail innovation index was released, Shanghai, North, Shenzhen and Hangzhou ranked in the top four; 2. Fresh Legend opened three more stores today and the total number of stores reached 68; 3. Luosen released the short-term store opening target to open 2,500 more in the next two years; 4. Alibaba released the virtual beauty "Lizhi", which highly simulated the prototype of real people; 5. The latest progress in Pinduoduo merchants' rights protection: starting one-to-one negotiations...
E-commerce newsletter:
1. The new retail innovation index ranking was released, Shanghai, North, Shenzhen and Hangzhou ranked among the top four
Peking University Guanghua School of Management released the "New Retail City Innovation Index Report". In the comprehensive index ranking of new retail city development, Shanghai ranks first, Beijing ranks second, and Shenzhen and Hangzhou rank third and fourth. Experts believe that new consumption will be an important engine for China's economic development in the next decade. Building a new retail city will meet and create new consumption, which may reshape the economic growth pattern and provide the driving force for my country's cities to rise rapidly. (Xinhuanet)
2. Fresh Legend opened three more stores today and the total number of stores reached 68.
Lianshang.com learned that on June 22 (today), the three stores of Fresh Legend Datang International Store, Longwan International Store and Galaxy Bay Garden Store will open at the same time. So far, the total number of Fresh Legend stores will reach 68.
In 2017, Fresh Legend started an accelerated expansion mode. Afterwards, Fresh Legend obtained a valuation of 1 billion yuan in the capital market with 34 stores with annual sales of 200 million yuan, and finally received 200 million yuan in financing. In addition, on December 8, 2017, the Fresh Legend APP was officially launched. According to the plan of Fresh Legend, by 2023, the number of stores will exceed 1,400 and sales will exceed 10 billion. (Lianshang.com)
3. Rosen announced a short-term store opening target. 2,500 more stores will be opened in the next two years.
On June 21, East China, assistant to the president of Rosen Investment China Co., Ltd., disclosed Rosen China's expansion strategy in a speech - planning to reach 4,000 stores in 2020. “So far, we have more than 1,600 stores in China, and since 2010, we have basically entered a new city every year.”
This should be part of the goal of Luosen's revision in 2013 and expanding its stores in China to 10,000 by 2025. However, according to the latest expansion strategy of opening 4,000 stores in 2020, it means that it will realize the 10,000 store plan. In the remaining five years, Rosen will open an average of 1,200 new stores each year. It is not easy for any convenience chain company to achieve such a high store opening speed. (interface)
4. Alibaba releases the virtual beauty "Lizhi", which highly simulates the prototype of real people
36Kr News: At the CVPR 2018 exhibition held in Salt Lake City, USA, Alibaba launched the virtual beauty "Lizhi" made its debut. "Lizhi" is a virtual human that highly simulates the prototype of a real person. It was incubated by Alibaba Machine Intelligence Technology Laboratory and integrates AI technologies such as voice recognition, voice synthesis, machine Q&A, and facial remodeling. By learning live videos, this product can instantly clone a "digital person". (36Kr)
5. The latest progress in Pinduoduo merchants’ rights protection: Start one-to-one negotiation
Some merchants broke the news to Yibang Power that on June 19 and 20, dozens of merchants came to Pinduoduo's Shanghai headquarters to protect their rights. Many of them were required to pay a fine of 300% of the turnover due to "the product descriptions are inconsistent", and the payment for the goods was frozen, and some merchants were closed for related stores. Starting from 2 pm this afternoon, Pinduoduo began negotiations with rights protection merchants. As of press time, some merchants have received payment for the goods, but most of the rights protection merchants are still negotiating with Pinduoduo. According to a merchant whose account was frozen, he logged into the Pinduoduo merchant backend today and found that he could enter the withdrawal page, but in reality, "the security of funds is being protected, please wait patiently for the system notification." Previously, he could not even enter the withdrawal page. "The negotiations yesterday had no effect. One-on-one negotiations were only started today. Several stores have already thawed." (Yipang Power)
6. Carrefour wants to use Tencent technology to transform digital investment to 6 times in the next five years
According to AdWeek, Carrefour, the world's second largest international retail chain, issued an announcement stating that the group currently has opened a total of 16,000 hypermarkets in China, of which more than 250 are facing the risk of bankruptcy. This number is disliked by the trade unions and Carrefour is at the crossroads of transformation.
Some executives pointed out incisively that these stores facing bankruptcy have one common feature: they are obviously insufficient inattractivity. The executive pointed out that in China, due to the severe impact of e-commerce platforms, the operating model of large retail supermarkets has gradually lost its due vitality.
In May, Carrefour opened its first "Le Marche" smart life retail store on the bustling Tianshan Road in Shanghai, marking an important step in Carrefour's digital transformation. This smart life retail store specializes in catering, fresh food and imported products, and is a WeChat Pay smart retail flagship store. (Global Network)
7. Storm AI TV's sales surged on major e-commerce platforms during June 18
Storm Group stated on the interactive platform that during Storm AI TV's 6.18 period, JD.com's sales increased by 219% year-on-year, Tmall sales increased by 167% year-on-year, Suning.com's sales increased by 376% year-on-year, and new retail channel sales increased by 186% year-on-year. (Securities Times·e Company)
Internet Information
8. Chairman of LeTV: The partners introduced by Tencent, JD.com are in the period of cooperation and development
Liu Shuqing, chairman of LeTV, said at the shareholders' meeting that the company has not yet escaped from the financial difficulties, and the partners introduced by Tencent, JD.com are in the period of cooperation and development. At the capital level, the company actively negotiates loan extensions with relevant financial institutions, and strives to solve the operating difficulties and financial pressures faced by the company, and strives to reactivate the company's cash flow and supply and marketing system by restoring the development of various main businesses. (Cailianshe)
Cross-border e-commerce
9. "NetEase Kaola Haizhuang" sued China Consumers Association and others for infringement of reputation rights and claiming RMB 21 million
June 22 News In February this year, the China Consumers Association released a report on the 2017 "Double 11" online shopping survey experience, which pointed out that NetEase Koala sold fake Estee Lauder products. NetEase Koala then announced the monitoring results of the products, saying that the Estee Lauder products sold were genuine, and this matter did not end like this. According to the Beijing Haidian Court website, recently, due to dissatisfaction with the goods sold by "NetEase Kaola Haigou" being identified as counterfeit goods, Hangzhou Youmai Network Technology Co., Ltd. and NetEase Global Shopping Co., Ltd. sued the China Consumers Association, Estee Lauder (Shanghai) Trading Co., Ltd., Estee Lauder Company, and Beijing Shengtuo Youxun Information Technology Co., Ltd. to the court, requiring the four defendants to delete the reports involved, publish an apology statement, and compensate for losses of 21 million yuan. (Webmaster's Home)
10. U.S. states have launched e-commerce taxation mode, and platforms such as Amazon say they have little impact
On June 21, the U.S. Supreme Court issued a historic ruling ruling that states can force all e-commerce sellers to impose sales taxes on consumers even if the seller does not have an entity in the state.
This move will benefit U.S. state governments and may increase their fiscal budgets every year. Although this ruling will make it more difficult for American consumers to save money through online shopping, the court's ruling may not change American shopping to a large extent because most people are accustomed to online shopping. (Hugo.com)
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