E-commerce Morning News on September 12

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on September 12] Pinduoduo big data "spoilers" that consumption volume and price increased both in third- and fourth-tier cities; JD Supermarket Mid-Autumn Festival Battle Report: The cumulative sales of omni-channel mooncakes were 200% of the same period last year; Pinduoduo's stock price hit a new high and was less than US$3 billion in JD's market value; Ucloud responded to what is worth buying websites and APPs that are inaccessible: it is assisting customers and doing its best to deal with the problem; Muji apologizes for the "French Concession" activity: no harm to national emotional intentions...

　　E-commerce newsletter

　　1. Pinduoduo big data "spoilers" the increase in consumption volume and price in third- and fourth-tier cities

　　According to September 12, Pinduoduo selected 70 third-tier cities and 90 fourth-tier cities on the platform, and took stock of the consumption data for more than half a year from January 1 to July 20, 2019. Data shows that consumers in third- and fourth-tier cities have shown stronger purchasing demand, which is becoming a new engine to drive the consumer economy, showing a double growth of "volume and price". (E-commerce News)

　　2. Thousands of Amazon employees will strike to demand Amazon achieve net zero carbon emissions by 2030

　　According to Taiwan media reports, more than 1,000 Amazon employees have decided to participate in the Global Climate Strike event on September 20. They will demand Amazon's leadership in fighting climate change and assume responsibility for the planet and people in the form of a strike. Employees participating in the strike have made three major demands on Amazon: achieve net zero carbon emissions by 2030; no longer provide customized Amazon cloud computing (AWS) services to petrochemical companies; no longer sponsor politicians or lobby organizations that oppose climate legislation. (E-commerce News)

　　3. JD Supermarket Mid-Autumn Festival Battle Report: The cumulative sales of omni-channel mooncakes were 200% of the same period last year

　　Mid-Autumn Festival consumption data released by JD Big Data Research Institute shows that during this year's Mid-Autumn Festival, the cumulative sales of omni-channel mooncakes in JD Supermarket were 200% of the same period last year, the cumulative sales of Xinqite mooncakes were 300% of the same period last year, and the cumulative sales of IP mooncake gift boxes were 400% of the same period last year. (36Kr)

　　4. Pinduoduo's stock price hits another new high and JD's market value is less than US$3 billion

　　On September 12, when the U.S. stock market closed on Wednesday, Pinduoduo rose 5.22% to $36.67, its stock price hit a record high, with a market value of $42.624 billion, less than $3 billion from JD.com. (E-commerce News)

　　5. Ucloud responds to what websites are worth buying and cannot be accessed by APP: It is assisting customers and doing its best to deal with the problem

　　On September 11, the online shopping product recommendation platform "What is worth buying" has caused websites and APPs to be unable to access today. After verification by Yiou, the server used by this platform is Ucloud, a third-party neutral cloud service provider.

　　In response to this situation, Ucloud responded: We are assisting customers and doing our best to deal with the problem.

　　It is understood that What is worth buying was just listed on the Shenzhen Stock Exchange GEM in July this year. In addition to online shopping product recommendations, it is also a consumption decision-making platform integrating media, shopping guides, communities and tools.

　　As of press time, the website has returned to normal. (Europe)

　　Internet news

　　6. Muji apologizes for the French Concession activity: no harm to national emotional intentions

　　Muji used the term "French Concession" when describing the event location on an event Weibo, which aroused dissatisfaction among netizens. Muji then apologized for the matter, saying that it had recognized the error, deleted the Weibo post, and canceled the event. (Observer.com)

　　7. Tencent and Wuhan Municipal Government cooperate to promote the construction of smart cities

　　On September 11, Tencent signed a cooperation agreement with the Wuhan Municipal Government today. The two parties will jointly build a smart Wuhan and promote the establishment of Tencent (Wuhan) digital industry headquarters. According to the agreement, Tencent will work with the Wuhan Municipal Government to create a Wuhan model of WeCity. Relying on Tencent’s accumulation in the fields of cloud computing, big data and artificial intelligence, we will jointly build a Wuhan smart city system platform, and promote the development of Wuhan’s digital economy from the fields of digital government affairs, urban governance, urban decision-making and industrial interconnection to improve the level of government services. (E-commerce News)

　　8. Hello Travel is removed from the Apple Store, responding: It is expected to recover soon

　　On September 11, some users discovered today that Hello Travel was removed from the App Store. In response, Hello Travel stated that the problem is already being processed and it is recommended that users use Alipay mini program to scan the code to use the car. Hello said that technical reasons are being closely communicated and are expected to recover soon.

　　In addition, Apple has downloaded users and all other channels are not affected (Euro)

　　9. Huawei responded to the first domestic issuance of public bonds: the company operates stably and has abundant cash flow

　　In response to media reports that Huawei plans to issue public bonds in China, Huawei responded that the company officially submitted the issuance documents today, and issued public bonds in China for the first time. Huawei has always insisted on continuously optimizing its capital structure through reasonable financing layout to ensure the company's financial stability. Huawei said that the funds needed for the company's operations mainly come from the company's own operation accumulation and external financing, mainly based on the company's own operation accumulation (about 90% in the past five years), and external financing is supplemented (about 10% in the past five years). The company has a stable operation and abundant cash flow. (China Securities Network)

　　Cross-border newsletter

　　10. Wish has a second logistics center in Amsterdam, Netherlands

　　Wish is operating its second logistics center in Amsterdam, the Netherlands, and has been in use since the end of last year and was not disclosed recently.

　　As part of its platform strategy, the logistics center was established to approach local suppliers and better serve consumers in the continent. It is understood that Wish's other logistics center is located in Tallinn, the capital of Estonia, serving customers in 18 different countries, while this logistics center in Amsterdam serves customers in 21 markets, of which 15 markets are the same as Tallinn. Wish said all merchants have automatic access to Tallinn warehouses, while applications to use Amsterdam warehouses will need to be submitted to their account managers for processing. (Hugo.com)

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